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Rigid Endoscopes - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017
The Global Rigid Endoscopes Market is forecast to exceed $650m by 2017 and also provides key data, information and analysis on the global rigid endoscopes market.
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Hyderabad,
AP,
India
(PRBD.net)
6/22/2011 12:00:00 AM
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The global market for rigid endoscopes was valued at $525.9m in 2010, and is forecast to reach $684.3m
in 2017 at a CAGR of 4%. The market is driven by applications such as laparoscopy and hysteroscopy
since rigid endoscopes provide greater efficacy in these areas compared to other endoscopes.
Neuroendoscopy is an application that is expected to sustain the growth of rigid endoscopes in the future. Companies continue to focus on finding potential new applications for rigid endoscopes which can positively affect market growth in the future.
The US contribution to global rigid endoscopes market was $176m in 2010, and is forecast to reach
$232.6m in 2017 at a CAGR of 4%. The US is the biggest market for rigid endoscopes and will continue
to be so in the future. The US market is driven by increasing adoption of minimally invasive surgeries due to cost containment measures by the hospital facilities. This will encourage the growth for rigid
endoscopes in the future.
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The US market for rigid endoscopes is expected to grow at a slower pace compared to the developing
economies since rigid endoscopes have been replaced by flexible and capsule endoscopes. The US is
expected to maintain its lead in terms of market share in the long term perspective but the market share in comparison with the rest of the world is expected to decline.
KARL STORZ is the leader in the global rigid endoscopes market with a market share of 36% followed by
Olympus Medical with a market share of 32%. Other companies such as Richard Wolf GmbH, Stryker
Corporation and B. Braun Melsungen AG also have significant presence in the market. Rigid endoscopy
is expected to be dominated by companies that focus on finding new and potential applications that can
sustain the growth for the future. Rigid endoscopy is used only for specific applications such as
laparoscopy and hysteroscopy. KARL STORZ and Olympus Medical are known for their wide portfolio of
products and global presence. The top five companies in the rigid endoscope market focus on the use of
rigid endoscopes increasingly for minimally invasive techniques that have become popular.
GlobalData’s new report, “Rigid Endoscopes - Global Pipeline Analysis, Competitive Landscape and
Market Forecasts to 2017” provides key data, information and analysis on the global rigid endoscopes
market. The report provides market landscape, competitive landscape and market trends information on the rigid endoscopes market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.
For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Rigid-Endoscopes-Global-Pipeline-Analysis-Competitive-Landscape-and-Market-Forecasts-to-2017&Title=Medical_Devices&ReportType=Industry_Report
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Rajesh Gunnam
GlobalData
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Hyderabad,
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India
91-40661-66782
pressreleases@globaldata.com
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