Endoscopy Market to Hit $36.9 Billion by 2019

The global market for endoscopy devices is expected to reach $36.9 billion by 2019, with a compound annual growth rate of 6.8 percent, according to a market report published by Transparency Market Research of Albany, N.Y.

The minimally invasive nature of endoscopy procedures is driving this expansion. The procedures can be diagnostic as well as operative and are used in various areas of surgery, including gastrointestinal, urological, ENT and cardiovascular. Decreased blood loss, reduced chances for infection, shorter hospital stays and quicker recoveries are all advantages of this technology, increasing its popularity. In addition, capsule endoscopes, robot-assisted endoscopes and 3-D camera systems have revolutionized the market.

An improving health care sector, disposable income and a large consumer base in India, China, Brazil and Southeast Asia are expected to drive the endoscopy market.