The global market for endoscopy systems is expected to reach a value of $6.1 billion by 2020, according to a Global Industry Analysts report. Here are five things to know about the market and its projects growth.
• The demand for minimally invasive procedures is the key factor driving growth in the endoscopy systems market.
• The push for outpatient endoscopy is also expected to drive growth in the market.
• Capsule endoscopy is expected to experience increasing demand over the coming years.
• The United States holds the largest endoscopy systems market share, but the Asia-Pacific market is expected to be the fastest growing market with a projected CAGR of 6.4 percent through 2020.
• Key players in the market include Covidien Ltd., Ethicon Endo-Surgery, Fujifilm Corporation, Given Imaging Ltd., Hoya Corporation, Karl Storz GmbH & Co. KG, Olympus Corporation, Richard Wolf Medical Instruments Corporation, Smith & Nephew, Stryker Corporation and more.