Global Endoscopy Devices

The Global market for Endoscopy Devices is expected to reach $42 billion by the end of 2020 growing at a CAGR of around 7% from 2014 to 2020. Currently, the global market is driven by factors such as increased adoption rates, rapid technological advances, rising demand for minimally invasive surgeries and rise in the favourable FDA approvals. However, expensive procedures & equipment and lack of proper skilled labor are hindering the growth of the market on a global scale. Endoscopy is a non-invasive procedure of examining the digestive tract of the person. With the help of an endoscope, a flexible tube with a light guide and camera captures pictures of the digestive tract and displays it on a color TV monitor. During the process of upper endoscopy, the endoscope gives the doctor a clear view of esophagus, stomach and upper region of the small intestine. The examination of the intestine is done by allowing the endoscope to enter into the large intestine through the rectum. Endoscopy procedures, over the last decade, have become very common due to increase in the number of diagnostic procedures due to rise in the number of diseases and also due to increasing awareness regarding minimally invasive surgical procedures. The diseases which are commonly diagnosed using endoscopy devices are breathing disorders, chronic diarrhoea, incontinence, internal bleeding, irritable bowel syndrome, stomach ulcers and urinary tract infections. jL5pBd30
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