Global Endoscopy Devices Market to be Worth US$36.9 bn by 2019, Stimulated by Novel Technologies The minimally invasive characteristics of endoscopes and their use in many surgical and diagnostic procedures will play a pivotal role in the growth of the global endoscope devices market in the coming years, says Transparency Market Research. A report published by the market intelligence firm, titled, Endoscopy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,� states that the market will be worth about US$36.9 bn in 2019, rising considerably from its 2012 valuation of US$24.9 bn. This translates to a CAGR of 6.8% between 2013 and 2019. The demand for minimally invasive endoscopy devices is rising around the world due to the capability of these devices to reduce chances of infection and blood loss. Furthermore, this feature of endoscopy devices facilitates a shorter stay at hospitals due to a quicker recovery, fuelling their demand further among consumers.
The global endoscopy devices market will be driven by a number of trends. The rising investment inflow is projected to have a positive impact on the global endoscopy devices market. Furthermore, the growing number of mergers and acquisitions will also contribute to the growth of the market. In addition to this, technological advancements are offering a wider scope of application of endoscopy devices, further driving the global endoscopy devices market. The global endoscopy devices market will also benefit from the rising disease prevalence. Although the global endoscopy devices market will expand by billions of dollars, it will be restrained by many major factors. The high cost associated with many endoscopy devices will suppress the global endoscopy devices market. These high costs tend to make endoscopy devices unaffordable to the population in developing nations, restraining the global endoscopy devices market. In addition to this, the shortage in supply of trained surgeons has a negative impact, reducing the customer base in the global endoscopy devices market and further constraining the market. By device type, the global endoscopy devices market is divided into high definition (HD) visualization systems (2D and 3D), visualization systems (ultrasound and SD), and operative devices (energy systems, irrigation systems, operative hand instruments, access devices, and others), and endoscope (robot assisted, capsule, flexible, and rigid endoscope).