The Global Endoscopy Devices Market is $42 billion by the end of 2020 growing at a CAGR of around 7% from 2014 to 2020. The market is segmented by Product (Endoscopes and Visual Equipment), Application (Laparoscopes, GI Endoscopes, Bronchoscopes, Arthroscopes, Urology Endoscopes, Cystoscopes, Gynecology Endoscopes, Neuroendoscopes, Sigmoidoscopes, Laryngoscopes, Pharyngoscopes, Duodenoscopes, Nasopharyngoscopes, Rhinoscopes and Others) and Region (North America, Europe, Asia Pacific and Rest of the World).

Endoscopy is a non-invasive procedure of examining the digestive tract of the person. With the help of an endoscope, a flexible tube with a light guide and camera captures pictures of the digestive tract and displays it on a color TV monitor. During the process of upper endoscopy, the endoscope gives the doctor a clear view of esophagus, stomach and upper region of the small intestine. The examination of the intestine is done by allowing the endoscope to enter into the large intestine through the rectum.

Endoscopy procedures, over the last decade, have become very common due to increase in the number of diagnostic procedures due to rise in the number of diseases and also due to increasing awareness regarding minimally invasive surgical procedures. The diseases which are commonly diagnosed using endoscopy devices are breathing disorders, chronic diarrhea, incontinence, internal bleeding, irritable bowel syndrome, stomach ulcers and urinary tract infections.

The Asia Pacific market is the fastest growing market for endoscopy devices. This is primarily due to rise in the incidences of diseases which will increase the demand for minimally invasive surgical procedures in countries like India, China, and Japan. Also, rapidly developing economic condition, increase in per capita income and large consumer base are the major reasons driving the endoscopy devices market in this region.The Asia Pacific region is dominated by the local players who have developed relations with all the clinicians and hospitals regarding their products. Also they have given quality products which have helped them gain the confidence of common people.

North America has the largest market share followed by Europe. The availability of infrastructure and funds for research and development of new devices has made these regions hold the highest market shares. But due to stringent FDA guidelines in these regions, the companies are shifting their focus towards the less regulated markets.

The market is facing a major challenge of lack of skilled personnel to handle the sophisticated endoscopy devices. But this challenge can be easily overcome by providing proper training to the staff in the hospitals.

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