Asia Pacific Endoscopy Devices Industry is Expected to Reach USD 3.4 Billion in 2017: Transparency Market Research
According to a new market report published by Transparency Market Research "Endoscopy Devices Market - Asia Pacific Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2011 - 2017," theAsia Pacific endoscopy devices market was worth USD 1.8 billion in the year 2011 and is expected to reach USD 3.4 billion by 2017, growing at a CAGR of 11.2% from 2011 to 2017. In the overall endoscopy devices market, flexible endoscopes form the largest category with a market size of USD 656.2 million in 2011.
The Asia Pacific endoscopy devices market is driven by increased preference for minimally invasive surgeries, ageing population, chronically ill patients, and high level of innovation in the sector. The major product segments which are currently driving the Asia Pacific endoscopy market are flexible endoscopes and endoscopy visualization systems. Within the coming half of the next decade, endoscope accessories, flexible endoscopes and endoscopy visualization systems are expected to have a growth rate of 15.6%, 11.9% and 11.8% respectively. In both developed as well as in developing economies, the market is shifting towards advanced healthcare. However, the traditional rigid endoscopy devices market, though saturated, will remain in the overall market with low market growth rate in future.
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Over the last decade, demand for flexible endoscopes has increased owing to both its diagnostic and surgical qualities as well as its convenient accessibility in the body. The advanced endoscopy devices include flexible endoscopic devices, endoscopic fluid management systems, endoscopic ultrasounds and endoscopic accessories. Endoscopic accessories segment has the widest product range and also the highest growth rate.
In 2011, Japan accounted for majority of the Asia Pacific endoscopy devices market revenue and is expected to lead the region till 2017. The other major geographic markets for endoscopy devices include China, Taiwan and India. The major players analyzed for the endoscopy devices market include Olympus, Hoya Corporation, and Boston Scientific Corporation.
This research is specially designed to estimate and analyze the demand and performance of endoscopy devices products inAsia Pacific scenario. This research provides in-depth analysis of endoscopy devices product manufacturers, product sales, and trend analysis by segment. The report covers all the major product segments of the Asia Pacific endoscopy devices market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the Asia Pacificendoscopy devices market as below:
- Rigid Endoscopes
- Flexible Endoscopes
- Endoscopy Visualization Systems
- Endoscopic Ultrasounds
- Endoscopy Fluid Management Systems
- Endoscope Accessories
- Respiratory Tract
- Narrow Band Imaging Technology
- Natural Orifice Transluminal Endoscopic Surgery
- Pill Cam Technology
- Picture Archiving And Communications System Technology
- Mucosal Ablation Therapy
- Robotic Endoscopes
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