According to the report Europe Endoscopy Devices Industry, published by Market Data Forecast, The Industry was worth $7.26 billion in 2016 and estimated to be growing at a CAGR of 6.65%, to reach $10.01 billion by 2021.
Endoscopy consists of methods which are cost-effective ensuing in fewer complications post-surgery and negligible scars in the body.
These surgeries also decrease the length of stay of the patient at the hospital. Devices such as endoscopes, visualization systems, and operative devices give direct insight inspection of the organs, unlike other medical imaging tools.
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Growing patient predilection for minimally invasive operations, is one of the major driver for the Endoscopy Devices Industry in this region. Another aspect is that European countries face comparable economic and demographic burdens and share an interest in scrutinizing their impact on health outcomes nationally and across Europe. However, the issue of strict regulation of endoscopic devices is one of the major reason hindering the growth of the Industry.
The Europe Endoscopy Devices Industry is segmented based on product and application. The Industry for Endoscopy Devices, on the basis of product, is segmented into Endoscopes, Visualization Systems, other endoscopy Equipment, and Accessories. Endoscopes are further segmented into flexible, rigid, and capsule endoscopes. On the basis of Application, the europe Endoscopy Devices Industry is segmented into Laparoscopy, Bronchoscopy, GI Endoscopy. The endoscopes segment accounts for the largest share of the Industry in 2015. This is attributed to the invention of technologically innovative endoscopes by manufacturers and increased public awareness.
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The Europe Industry has been geographically segmented into Germany, U.K, France, Spain, and Italy. European is the second largest Industry with a global share of 27%. Germany is the largest Industry share holder for the Endoscopy Devices Industry in this region, followed by the UK and France. Other significant Industrys in the region are Italy, Spain, France, and Greece.
The major companies dominating the Industry in this region are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.
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Key Points from Table of Contents
Overview
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Europe Endoscopy Devices Industry: Segmentation
- By Product
- By Endoscopes
- Visualization Systems
- By Other Endoscopy Equipment
- By Application
- Laparoscopy
- Bronchoscopy
- GI Endoscopy
Geographical Analysis
- UK
- Spain
- Germany
- Italy
- France
Strategic Analysis
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders’ Analysis
Competitive Landscape
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