Tags: endoscopy | gastroenterology | GI endoscopic devices | U.S. maket

Here are five statistics about the gastrointestinal endoscopic market from international market research and consulting group iData Research.

1.    In 2009, the U.S. market for GI endoscopic devices was valued at over $1.8 billion, an increase of more than 8 percent from 2008.

2.    More than 55 million procedures were performed with GI endoscopic devices in 2009, nearly 50 percent of them colonoscopies.

3.    GI endoscopes represented the largest segment for GI endoscopic devices in 2009, but capsule endoscopic devices are expected to grow to the second-largest market segment by 2016, thanks to advances in camera capsule technology.

4.    The fastest-growing segment in the U.S. market for GI endoscopy in 2009 was anti-reflux devices; the market for them increased by more than 300 percent over 2008. This market growth is expected to increase at a compound annual growth rate of 67 percent by 2016.

5.    Virtual colonoscopy procedures, less invasive than conventional colonoscopy, grew by 2.9 percent in 2009 from 2008 and are expected to show moderate to strong growth by 2016 as the population ages and trial results show their effectiveness.

More information and a copy of the full report, U.S. Market for Gastrointestinal Endoscopic Devices, are available at www.idataresearch.net/idata/registration.php.

Source: iData Research.