Among the various endoscopy devices, capsule endoscopes and robot-assisted endoscopes have completely transformed the endoscopy market. Capsule-shaped endoscopy devices deliver high-quality images of the gastrointestinal tract to external receivers. Due to these effective devices, the diagnosis of gastrointestinal conditions has become more efficient and accurate. One of the leading market players, Given Imaging, which is acquired by Covidien, accounts for nearly 85% of the global capsule endoscopy market. Other key players in the capsule endoscopy market are Jinshan Medical, Olympus, and IntroMedic.Visualization systems have also witnessed significant technological advancements in the recent past. The development of three-dimensional (3D) camera systems has reduced the errors and improved depth perception during surgical procedures, hence reducing the overall surgery time. Similarly, endoscopic ultrasound devices allow doctors to effectively diagnose intestinal tract conditions and obtain more accurate images, allowing more detailed and thus more precise examination of the same.
Download Exclusive Sample of this report: https://goo.gl/eVmhsP
International market players and companies in the field of endoscopy devices are mainly aiming at Asian countries, especially India, China, and Japan, for lucrative opportunities in the upcoming years. Factors propelling growth of the endoscopy devices market in emerging economies such as Brazil, India, China, and Southeast Asia are the improving healthcare sectors in these countries, rapidly developing economic conditions, and the resultant increase in disposable incomes.
Endoscopes are used for monitoring the following systems: cardiovascular, ear nose and throat (ENT), neurological, gastrointestinal, and urological. Where endoscopes are used in diagnosing problems in the aforementioned systems or during surgical procedures, they provide the following advantages: Reduced hospital stay, less bleeding, and quicker recovery.
For a granular approach to the endoscopy market, the market has been segmented by device type into: endoscope devices, visualization systems, and endoscopic operative devices. Similarly, based on application, the market has been segmented into: ENT surgeries, gastrointestinal surgeries, laparoscopy surgeries, neuro/spinal surgeries, urology/gynecology surgeries, cardiovascular surgeries, and arthroscopy surgeries.
View exclusive Global strategic Business report :
Each of these segments has been further sub-segmented to obtain an even more detailed analysis of the endoscope devices market. In the coming years, disruption in the market is expected from rapid advancements in robot assisted endoscopy and capsule endoscopy. Once inside the body, capsule endoscopes can relay high-quality images from the gastrointestinal tract. This has not only made diagnosis easier for medical practitioners but also more comfortable for patients. The indisputable accuracy of capsule endoscopes is expected to help them gain a higher share in the market in the coming years. Given Imaging, a company that is now a part of Covidien, holds a remarkable 85% of the worldwide market for capsule endoscopy. The market also features other large players such as Olympus, IntroMedic, and Jinshan Medical.
Furthermore, the advent and enthusiastic adoption of 3D camera systems has helped advance the state of visualization systems in the endoscopy devices market. The new sophisticated generation of visualization systems has helped bring down errors in diagnosis.