Endoscopy Global Market [Application (Arthroscopy ... · PDF fileKarl Storz (Germany). The report provides an in depth market analysis of the above mentioned segments across the following

2014

IQ4I Research & Consultancy Pvt. Ltd.

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Endoscopy Global Market

– Forecast to 2020

Copyright © 2014 IQ4I

All Rights Reserved. This document contains highly confidential

information and is the sole property of IQ4I. No part of it may be

circulated, copied, quoted, or otherwise reproduced without the

approval of IQ4I.

[Application (Arthroscopy, Bronchoscopy, Cardio-Pulmonary,

Colonoscopy, Laparoscopy, Urology, ENT Endoscopy,

Gastrointestinal Endoscopy, Gynecology/ Obstetrics, and

Neurology), Products (Endoscopes, Visualization and Documentation

systems, Endoscopic Accessories, and Services), and Region (North

America, Europe, APAC and Rest of the World)]

IQ4I Research & Consultancy Pvt. Ltd. Page 2


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Table of Contents



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1.1 REPORT DESCRIPTION

Endoscopy is a minimal invasive procedure to view the internal organs of the body. Endoscopic

procedures are used to retrieve samples for biopsies, to remove foreign objects inside the body

and to perform keyhole surgeries. The global endoscopy market is classified by product and

application types. Rigid, flexible, capsule and video endoscopes are the major types of

endoscope products. Depending on the medical applications the market is segmented into

arthroscopy, colonoscopy, laparoscopy, gastro intestinal endoscopy, bronchoscopy, Urology

endoscopy, and gynecology endoscopy.

The global endoscopy market is expected to reach approximately $47 billion by 2020 growing at

around 7.0% CAGR from 2014 to 2020. The major drivers for the market growth are aging

population, increase in cancer, diabetes, and obesity patients along with a rise in patient’s

preference for minimal invasive surgeries. Additionally, shorter stay in hospitals, speedy

recovery, and reduced medical budget enhance the growth of the market. However, the

shortage of qualified endoscopic technicians, high cost of initial investment, contamination risk

and patient safety of endoscopic procedures pose a threat for the market growth.

Advancement in the field of endoscopic devices with accurate visibility, high definition imaging

and documentation, ease of handling and cleaning the devices and growing demand in

emerging countries brings in more opportunities for the endoscopy market.

The global endoscopy devices products market is segmented into endoscopes, visualization

and documentation systems, endoscopic accessories and services. The endoscopes segment

commanded the largest market in 2013 and is expected to grow strong by 2020. The

visualization and documentation system is expected to grow at the highest CAGR of nearly

10.0% during the forecast period. Among the applications segment Laparoscopic application

segment holds the largest market in 2013 and Neurology application segment is expected to

grow at the highest CAGR of more than 10% during the forecast period.

North America accounts for the largest market share with increase in endoscopic treatment

options and obese population followed by Europe and Japan. Although U.S. has a high market

share, there is a growing demand for endoscopy market in the emerging countries such as India

and China. Along with an increase in medical spending, improvement in medical infrastructure

and changes in life style attribute to the growth of the market in emerging countries.



–Forecast to 2020

Some of the leading players accounting for major market share include Johnson and Johnson

(U.S.), Olympus Corporation (Japan) and Covidien plc (U.K.). The other significant players are

Boston Scientific Corporation (U.S.), Stryker Corporation (U.S.), Smith & Nephew (U.K.) and

Karl Storz (Germany).

The report provides an in depth market analysis of the above mentioned segments across the

following regions:

North America

Europe

Asia-Pacific

Rest of the World (RoW)

TABLE 1

GLOBAL ENDOSCOPY DEVICES MARKET REVENUE,

BY REGION, (2012-2020) ($BN)

Region 2012 2013 2014 2020 CAGR %

(2014-2020)

North America XX XX XX XX XX

Europe XX XX XX XX XX

Asia-Pacific XX XX XX XX XX

RoW XX XX XX XX XX

Total XX XX XX XX XX

Source: International Federation of Societies of Endoscopic Surgeons (IFSES), Society of American Gastrointestinal and

Endoscopic Surgeons (SAGES), European Association for Endoscopic Surgery (EAES), World Health Organization (WHO), AGEA,

ASGE, AGA, AAPCE, GESA, CAG, and Industry Expert Interviews



–Forecast to 2020

North America accounted for the largest revenue of $XX billion of the global endoscopy devices

market in 2013. It is expected to grow at a CAGR of XX% from 2014 to 2020 to reach $XX

billion by 2020. Asia-Pacific is expected to grow at the highest CAGR of XX% during the

forecast period.

TABLE 2

GLOBAL ENDOSCOPY DEVICES MARKET,

BY APPLICATION, (2012-2020) ($BN)

Application 2012 2013 2014 2020 CAGR %

(2014-2020)

Arthroscopy XX XX XX XX XX

Bronchoscopy XX XX XX XX XX

Cardio-Pulmonary XX XX XX XX XX

Colonoscopy XX XX XX XX XX

Laparoscopy XX XX XX XX XX

Urology XX XX XX XX XX

ENT Endoscopy XX XX XX XX XX

GI Endoscopy XX XX XX XX XX

Gynecology XX XX XX XX XX

Neurology XX XX XX XX XX





XX commanded the largest share of XX% of the global endoscopy market. It accounted for $XX

billion in 2013 growing at a CAGR of XX% from 2014 to 2020. XX application is expected to

grow at the highest CAGR of XX% during the forecast period.



–Forecast to 2020

FIGURE 1

GOBAL ARTHROSCOPY APPLICATIONS MARKET SHARE,

BY TYPE (2013)




Knee Arthroscopy

Shoulder Arthroscopy

Wrist Arthroscopy

Ankle Arthroscopy

Elbow Arthroscopy

Hip Arthroscopy



–Forecast to 2020

FIGURE 2

GOBAL LAPAROSCOPY APPLICATIONS MARKET SHARE,

BY TYPE (2013 V’S 2020)




Bariatric surgery

Cholecystectomy

Appendectomy

Hernia repair

Hand assisted laparoscopy

Others

2013

2020

Market Share % (2013 V’s 2020)



–Forecast to 2020

TABLE 3

GLOBAL ENDOSCOPY DEVICES MARKET, BY PRODUCT,

(2012-2020) ($BN)

Product 2012 2013 2014 2020 CAGR %

(2014-2020)

Endoscopes XX XX XX XX XX

Visualization and Documentation systems

XX XX XX XX XX

Endoscopic Accessories XX XX XX XX XX

Other Endoscopic Devices

XX XX XX XX XX





XX commanded the largest share of XX% of the global endoscopy devices market. It accounted

for $XX billion in 2013 growing at a CAGR of XX% from 2014 to 2020. XX is expected to grow at

the highest CAGR of XX% during the forecast period.



–Forecast to 2020

FIGURE 3

GOBAL ENDOSCOPY DEVICES PRODUCTS MARKET REVENUE,

BY TYPE (2013 V’S 2020)




Endoscopes

Visualization and documentation systems

Endoscopic accessories

Services

2013 2020



–Forecast to 2020

FIGURE 4

GOBAL ENDOSCOPE PRODUCTS MARKET SHARE,

BY TYPE (2013 V’S 2020)




Rigid

Flexible

Robot Assisted

Capsule endoscopy

2013 2020



–Forecast to 2020

FIGURE 5

NORTH AMERICAN ENDOSCOPY MARKET SHARE,

BY APPLICATIONS (2012 - 2020)




Urology

GI EndoscopyENT Endoscopy

Neurology

Colonoscopy

Laparascopy

Arthroscopy

Gynaecology

Bronchoscopy

Cardio-Pulmonary

CA

GR

% (2

01

4 -

20

20

)

Market Share %



–Forecast to 2020

1.1.1 RESEARCH SOURCES

TABLE 4

ENDOSCOPY MARKET: RESEARCH SOURCES

Primary Sources Secondary Sources

Supply Side: Top-level Executives,

Marketing Managers, Sales

Managers, Regional Managers

Demand Side: Hospital Medical

Directors, Laboratory Managers,

Research Scientists, Principal

Scientists, Purchase/Procurement

Managers, Laboratory Technicians,

Academic Research

Others: Independent Consultants

and Freelancers

IQ4I Repository Endoscopy Company-Specific annual

reports, SEC filings, corporate

presentations & Press releases

Associations and Groups:

International Federation of Societies

of Endoscopic Surgeons (IFSES),

Society of American Gastrointestinal

and Endoscopic Surgeons (SAGES),

European Association for Endoscopic

Surgery (EAES), World Health

Organization (WHO), AGEA, ASGE,

AGA, AAPCE, GESA, and CAG

Paid Sources : Factiva, OneSource,

Hoovers, Bloomberg

Social Networking & Databases:

LinkedIn, Melt-Water, and Zintro



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1.2 RESEARCH METHODOLOGY

FIGURE 6

ENDOSCOPY DEVICES MARKET: RESEARCH APPROACH

• Bottom-up and Top-down approach

• Data triangulation

• Qualitative & Quantitative analysis

• Endoscopy devices market segmentation

• Market size, CAGR and market trends validation

• Market size of sub segments and market shares of major players

• Upcoming trends and technological advancements in

applications and products

• Validation of factors influencing market and regional market shares

• Technical information of Endoscopy devices and components

• Strategic insights, financial revenues and competitive intelligence of

Key players

• Applications and products involved Endoscopy Market

• Market trends and growth scenario of sub markets and parent market

Market

Breakdown

Primary

Research

Secondary

Research



–Forecast to 2020

1.2.1 ASSUMPTIONS

Parameter Assumptions

Market growth

The CAGR for the forecast period (2014-2020) is

assumed to be normalized and the effect of inflation,

recession, economic downturn, regulatory or policy

changes, or other factors are not considered.

Segmental & Sub segmental

market shares

The market shares are analyzed purely based on the

absolute data, in case of the data non availability for

the sub markets the parent market trend has been

assumed for the forecasted period

Market Share Analysis

Market share analysis of key players is performed

based on the primary research insights and their

segmental revenues



–Forecast to 2020

1.2.2 MARKET SIZE ESTIMATION

The global Endoscopy market size, its different segments and sub-segments is analyzed using

both top-down and bottom-up approaches. The market size and revenue calculated using

research methodology involves primary and secondary research of major players in the market,

factors influencing the market, market segmentation and geographical market scenario.

Secondary research of major players include the study of their annual and financial reports,

press release while primary research involves interviews from the supply side (CEOs, directors,

strategic growth managers, international/regional marketing managers, and marketing

executives) and the demand side (laboratory heads, hospitals, and purchase managers).

Primary and secondary sources helped in verification of percentage shares, splits, and

breakdowns. This data is consolidated with detailed inputs and presented in this report.

FIGURE 7

ENDOSCOPY MARKET: TOP-DOWN AND BOTTOM-UP APPROACH

Global Medical devices

market

Market share of Endoscopy

applications and products

Regional market shares

Market share of sub

segments in regional markets

Sub segments

market size and

CAGR

Overall

market size and CAGR

Market share of the players in

the overall Endoscopy devicesMarket and sub markets

Top players revenue Olympus Corporation

(Japan), Stryker Corporation (U.S.), Covidien PLC (Ireland), ConMed Corporation (U.S.),

Smith & Nephew PLC (U.K.), Karl Storz

(Germany), Ethicon Endo-Surgery, Inc. (U.S.), and Boston Scientific Corporation (U.S.)

Global Endoscopy devices

market



–Forecast to 2020

FIGURE 8

ENDOSCOPY MARKET: FORECASTING MODEL

Historical Data

and trends of

Endoscopy DevicesMarket

Evolution

Company

DevelopmentsApplications

Download Pattern

Regulatory

Landscape

Factors Influencing

Market Growth

Market Opportunities

• HD systems, Capsule

endoscopy, miniaturized

systems

• Novel approach towards

new technologies

New product launch

Contributed for 40%

Mergers and acquisitions

Contributed for 20%

Technology

Evolution

Porters Five

Force AnalysisAdoption Pattern Regulations

Market ShareMarket Size

Analysis

Geographical

Usage

Market Penetration

• Narrow Band Imaging

• Endoscopic Ultrasound

Surgeries

• Chromoendoscopy

• Capsule endoscopy

• Robot assisted surgeries

Market Restraints

• Shortage of skilled

personnel

• Contamination risk

associated with endoscopic

procedures

Acquisitions

Covidien PLC acquired a

gastrointestinal related

Capsule endoscopy

manufacturer, Given Imaging

Ltd. (Israel), for approximately

$860 million

Market Drivers

• Increasing demand for minimal

invasive surgeries

• Emerging applications and

technological innovations

• Raised aged cohort and life

threatening diseases

.

Historical Market Data

Impact Analysis of Market

Trends

Market Size & Forecast by

Types

Market Size & Forecast by

Applications & Products

Global Endoscopic

Devices Market

Size, Segmental share and

CAGR from 2014-2020

Market Trend and

Growth Forecasting

Funding: The ASGE and other GI societies provide grants for Endoscopic research projects in U.S.

NIH is the largest source of endoscopic research funds. Even the Chinese government is

supporting the medical device industry by funding ~$1.7 million and ~$1.7Billion to support domestic

innovations in the medical device sector by 2020.



–Forecast to 2020

1.2.3 MARKET BREAKDOWN & DATA TRIANGULATION

FIGURE 9

ENDOSCOPY MARKET: MARKET BREAKDOWN & DATA

TRIANGULATION

Demand & Supply

side

Hospitals, Medical

Device Manufacturers,

CRO’s and Raw

Material Suppliers

Market share of Endoscopy

Devices Market in Global

Medical Devices

market

Top -down

Primary

Research

Bottom -up

Secondary

Research

Endoscopy Devices

Market

(~30.1Bn)

(2013)

•Financial/Annual reports

•Investor Presentations

•SEC filings

•Scientific Journals

•Organizations/

Associations & Groups

Major player analysis

of key players:

Fujifilm, Hoya

Corporation,

Olympus Corporation



–Forecast to 2020

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Documents

Endoscopy Global Market [Application (Arthroscopy ... · PDF fileKarl Storz (Germany). The report provides an in depth market analysis of the above mentioned segments across the following