Research and Markets: The Global Endoscopy Market to Grow at a CAGR Of 6.64 Percent over the Period 2011-2015

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Research and Markets: The Global Endoscopy Market to Grow at a CAGR Of 6.64 Percent over the Period 2011-2015

<0> Research and MarketsLaura Wood, Senior Manager.U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716Sector: </0>

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One of the key factors contributing to this market growth is the technological advancements. The Global Endoscopy market has also been witnessing the trend of increasing demand for minimally invasive surgery using endoscopy. However, the lack of trained surgeons could pose a challenge to the growth of this market.

The key vendors dominating this market space are Olympus Medical Systems Corp., Pentax Medical Co. (HOYA Corp.), KARL STORZ GmbH and Co. KG, and Boston Scientific Corp.

The other vendors mentioned in the report are Stryker Corp., Fujifilm Holdings Corp., Conmed Corp., Richard Wolf Medical Instruments Corp., Ethicon Endo Surgery Inc., Minntech Corp., Accellent Inc., Safestitch Medical Inc., Covidien plc, Aesculap Inc. Welch Allyn Inc., Cook Medical Inc., and NiTi Surgical Solutions.

Commenting on the report, an analyst from TechNavio's Healthcare team said: ''The increasing demand for minimally invasive surgery (MIS) is one of the emerging trends in the market. This is because MIS causes less pain, reduces the duration of the recovery process, causes minimal injuries, reduces blood loss, and is cheap. The most interesting thing is that MIS procedures can be done by remote-control manipulation of endoscopes with indirect observation of the operating area. Therefore, even if the surgeon is away from the patient, surgery can be performed through the interfaced systems. However, surgeons performing MIS should be highly experienced as they could face various problems such as restricted vision, difficulty in handling instruments, and need for proper hand-eye coordination.''

According to the report, one of the key drivers is the increase in the aging and chronically ill population worldwide. Moreover, as a result of the changes in lifestyle and food habits, a large proportion of the population is at risk of various related diseases. This increases the demand for diagnostic procedures, including endoscopy.

Further, the report reveals that one of the major challenges in the market is the lack of trained surgeons to perform MIS using endoscopes.

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