The global endoscopy equipment market is anticipated to grow at a CAGR of 6.8 percent for the period 2015-2020 to reach USD 45.2 billion by 2020. The demand for endoscopy has increased significantly because of the growing preference for minimally invasive surgeries, states BCC Research. Apart from being minimally invasive, endoscopic procedures are also cost effective in terms of preoperative and postoperative care costs and length of stay at hospitals. The technological advancements and breakthroughs in the field of endoscopy are expected to drive the global endoscopy equipment market in the coming years.
Advancements in technology have resulted in several improvements, including increased angles in the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems that are integrated with high-resolution technologies such as 3-D systems, capsule endoscopes, and miniaturized endoscopy systems. North America holds the largest share of the global endoscopy equipment market, followed by Europe and Asia.