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Growing Preference For Minimally Invasive Surgeries Drives Global Endoscopy Market

Press Release   •   Feb 07, 2017 14:42 IST

MarketResearchReports.biz announced the addition of a new research report to its vast database. The research report, titled “MediPoint: Endoscopy - Global Analysis And Market Forecasts,” has been compiled using primary and secondary data. Research analysts have used a SWOT analysis and Porter’s five forces analysis to give its readers a complete overview of the global endoscopy market. With the help of these market measurement tools, the report points out the strengths, the weaknesses, the opportunities, and the threats. The market has been studied from the political, legal, social, economic, technological, and environmental point of view in the report to present a comprehensive overview.

According to the research report, the global endoscopy market is valued in billions and has a wide range of products. The market has intense competition due to the presence of a large number of players. As more and more hospitals are consolidating their activities to have a unified network, they are purchasing equipment from just a few players, making the demand for endoscopy equipment more brand-based than performance-based. The biggest growth driver of the endoscopy market is the need for screening and surveillance of colorectal cancer. Furthermore, this market is also being propelled by the growing pool of the geriatric population and rising preference for minimally invasive surgery. Analysts predict that an increasing number of patients will be prescribed colonoscopy and flexible sigmoidoscopy for colorectal cancer screening, and hence the demand for this equipment will rise in the coming years.

The research report also studies the procedure trends that are likely to influence the growth of this market. The analysts have given a precise explanation of the regulatory processes and reimbursement scenario that are favoring this market. The report lists some of the pivotal regulatory recalls and disputes in the industry.

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The research report also puts forth a clear picture of the key mergers, acquisitions, and partnerships in the market such as the acquisition of a stake in Frankenman Medical by Boston Scientific, the partnership between Maquet and Richard Wolf to develop operating room integration, and Fujifilm's distribution agreement with Beacon Endoscopic. Furthermore, the report also gives a complete breakdown of the unmet needs in the market that are likely to shape the endoscopy market in the near future.

Some of the key companies profiled in this research report are Arthrex, B. Braun Melsungen, Boston Scientific, Cook Medical, EndoChoice, Fujifilm Holdings, Getinge AB, Hologic, Ambu, Intuitive Surgical, Karl Storz, Medivators, Olympus, Given Imaging, Richard Wolf, Pentax Medical, Smith & Nephew, Shanghai AoHua, Steris, and Stryker. The research report offers a detailed explanation of the competitive landscape of the endoscopy market. Furthermore, it also gives an accurate account of the financial overview, research and development activities, investment outlook, and product portfolio of the key players in the market.

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