The endoscopy market in India is driven by patient preference for minimally invasive surgeries and procedures that are increasingly being covered by insurance, and upcoming state-of-the-art private hospitals and diagnostic facilities.
Byintroducing better diagnostics and therapeutics in various branches of medicine, the endoscopy equipment market is set to scale new heights in the immediate future.
New applications of technology, as well as innovations in technology itself are prompting market expansion.
Emergence of new technologies promises improved visualization and diagnostic efficiency.
The endoscopy market has grown over the past couple of years, and is set to do so for some more time. However with the tendency of purchasing more products from fewer manufacturers, the adoption pattern within the endoscopy space has become not entirely product performance based, but also strong brand awareness and identity has become a necessity.
The large number of medical centers in the country along with the ever-increasing number of new centers being set up will ensure that the demand never fades.
The Indian market in 2014 saw more than 15 percent increase in the endoscopes market, with the impetus provided by 3D and HD instruments.