Global Endoscopes Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016 Global Endoscopes Market to Reach $3,524m by 2016 The global endoscopes market was worth $2,385m in the year 2009 and is expected to reach $3,524m in the next seven years. Advanced technology adoption and the availability of High Definition (HD) systems are set to drive the global endoscopes market. Also driving the market are increased prevalence of gastrointestinal diseases such as colorectal cancer and esophagitis, and the growing awareness of disease conditions in the general population leading to increases in screening procedures. Flexible endoscopes form the largest category in the endoscopes market, contributing to more than 74% of the total market value. The flexible endoscopes market is growing at 6% and was worth $1,754m in the year 2009. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Global-Endoscopes-PipelineAnalysis-Opportunity-Assessment-and-Market-Forecasts-to2016&ReportType=Industry_Report&coreindustry=ALL&Title=Medical_Devices Capsule Endoscope Systems to be the Fastest Growing Category Due to Improved Reimbursement and Growing Small Bowel Investigations Capsule endoscope systems have the fastest growth rate amongst all other categories in the endoscope devices market. The fast growth of capsule endoscope systems can be attributed to improved reimbursement coverage across countries from the initial years, as well as the increase in screening procedures of the small bowel. Reimbursement coverage was initially only provided by third party payors for capsule endoscopy for the diagnosis of obscure bleeding of the small bowel, but as of December 2009, the reimbursement was extended for capsule endoscopy of the small bowel for suspected Crohn’s disease, suspected small bowel tumors and other small bowel pathologies. Several countries including the UK, France, Sweden and Denmark cover capsule endoscopy for broader indications. Another factor responsible for the fast growth is the growing number of small bowel screening procedures. Small intestine pathologies have always been difficult to diagnose with flexible endoscopes and capsule endoscopy has proved useful in diagnosing lesions, tumors and other pathologies that are normally hidden inside mucosal layers. The efficiency of the capsule endoscope system in this area is resulting in increased physician preference for small bowel investigations. Olympus Is the Leader in Global Endoscopes Market Olympus Medical Systems Corporation continues its dominance in the endoscopes market with a market share of 47%, followed by Fujinon Corporation with 10% of market share. Karl Storz GmbH and Hoya Corporation follow with market share of 9% each. Approximately 75% of the global endoscopes market is held by four major players, namely Fujinon Corporation, Karl Storz GmbH, Hoya Corporation, along with the market
leader Olympus Medical Systems Corporation. Companies like Richard Wolf, Stryker and Given Imaging also are important players in this market. Adoption of New Technologies and Increased Screening Procedures Driving the Global Endoscopes Market High adoption rates of new but expensive technologies such as HD cameras, narrow band imaging and confocal microendoscopy are driving the global endoscopes market. New developments in fiber optics and videoscopes are encouraging new purchases by hospitals, leading to increased revenues and market value. There is also increased awareness and knowledge about disease conditions among patients, which is resulting in an increased number of screening procedures being conducted. This is propelling the volumes in the endoscopes market. GlobalData’s report, “Global Endoscopes Equipment Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016� provides key data, information and analysis on the global endoscopes market. The report provides market landscape, competitive landscape and market trends information the endoscopes market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape, key pipeline products and technology offerings. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Global-Endoscopes-PipelineAnalysis-Opportunity-Assessment-and-Market-Forecasts-to2016&ReportType=Industry_Report&coreindustry=ALL&Title=Medical_Devices Visit our report store: http://www.globaldata.com/reportstore Contact Information: Rajesh Gunnam rgunnam@globaldata.com +914066166782