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A new market report forecasts continued growth in almost all segments of the approximately $2.35 billion U.S. gastrointestinal (GI) endoscopic market through 2020. Despite falling sale prices, this trend is possible in part because of baby boomers’ need for GI screening and interventions.
The report, “U.S. Market for Gastrointestinal Endoscopic Devices,” from iData Research, an international market research and consulting group, details the sector by product type, including capsule endoscopy, Barrett’s esophagus ablation devices, virtual colonoscopy, polypectomy snares, and several others.
The GI endoscopic industry is a well-established, concentrated market, with one giant player, Olympus Corp. Other major companies, such as Boston Scientific Corp., Covidien (now part of Medtronic Plc), and Cook Medical. The top 10 companies in this market together hold almost 90% market share, according to the report.
One key highlight from the iData Research report is the increasing trend toward sales of third-party refurbished and repaired endoscopes, mainly to international customers. According to an executive summary of the report, refurbished endoscopes are expected to make up 25% of the total GI endoscope market by 2020. Attractive pricing and good warranties for refurbished products are driving this movement.
For Further Information
More on the gastrointestinal endoscope market in the U.S. can be found in the report published by iData entitled U.S. Market for Gastrointestinal Endoscopic Devices. This report covers the U.S. market segments for gastrointestinal endoscopic devices, capsule endoscopy, virtual colonoscopy, stenting and dilation devices, endoscopic retrograde cholangiopancreatography devices, biopsy forceps, polypectomy snares, fine aspiration needles, specimen and foreign-body removal devices, hemostasis devices, anti-reflux devices, enteral feeding devices, and Barret’s esophagus ablation devices.
The iData series on the market for gastrointestinal endoscopic devices covers the U.S., Brazil, China, Canada, India, Japan, and 15 countries in Europe. Full reports also provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Register online or email us at [email protected] for a U.S. Market for Gastrointestinal Endoscopic Devices report brochure and synopsis.
About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by country, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.
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