Asia Pacific Endoscopy Devices Market to Exhibit Healthy Growth due to Elevated Chronic and Aging Population

The key geographies in the Asia Pacific endoscopy devices market are India, China, Japan, and Taiwan. At present, Japan is leading the endoscopic visualization systems segment in the Asia Pacific endoscopy devices market. This is due to the presence of a substantial aging population in this country who require endoscopic surgeries. Furthermore, nations such as Taiwan, China, and India are expected to demonstrate good growth in Asia Pacific endoscopy devices market in the coming years and drive this market.

Accelerating Preference for MIS to Drive the Asia Pacific Endoscopy Devices Market

The Asia Pacific endoscopy devices market is driven by the elevated chronic disease and aging population. Further, the growing preference of patients for minimally invasive surgeries (MIS) due to the fast-paced lifestyle will fuel the Asia Pacific endoscopy devices market. The rising purchasing power coupled with the adoption of new technologies such as narrow band imaging, HD cameras, and confocal micro endoscopy will also drive the Asia Pacific endoscopy devices market.

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However, the negative impact of the United States medical device tax along with the rigorous FDA regulatory process will hamper the Asia Pacific endoscopy devices market. Moreover, the saturation of the rigid endoscopy devices sector, high investment cost of endoscopic equipment, and the preference of European market over Asia Pacific by U.S. investors will suppress the Asia Pacific endoscopy devices market.

Flexible Endoscopy Devices Segment to Lead the Asia Pacific Endoscopy Devices Market

The Asia Pacific endoscopy devices market is projected to expand at an 11.2% CAGR during the between 2011 and 2017. In 2011, the market was valued at US$1.8 billion and in 2017 the market is expected to reach a value of US$3.4 billion.

The Asia Pacific endoscopy devices market by product is segmented into endoscope accessories, endoscopy fluid management systems, endoscopic ultrasounds, endoscopy visualization systems, flexible endoscopes, and rigid endoscopes. The Asia Pacific endoscopy devices market is dominated by the flexible endoscopes segment. Flexible endoscopes are highly preferred due to their easy accessibility inside the body and their better surgical and diagnostic abilities. The segment of flexible endoscopes is projected to grow at an 11.9% CAGR during the forecast period. On the other hand, endoscope accessories will be the fastest growing segment in the Asia Pacific endoscopy devices market with a CAGR of 15.6% during the forecast period.

By application, the Asia Pacific endoscopy devices market is classified into mediastinoscopy, respiratory tract, amnioscopy, fetoscopy, panendoscopy, laparoscopy, otoscope, arthroscopy, gastrointestinal, urinary, and gynecology. Newer application of endoscopy devices such as neuroendoscopy are exhibiting faster growth rates as these procedures have become possible in the previously inaccessible regions of the body.

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Players in the Asia Pacific Endoscopy Devices Market focusing on Providing Affordable Endoscopes

Some of the notable manufacturers in the Asia Pacific endoscopy devices market are Boston Scientific Corporation, Fujifilm Holding Corporation, Hoya Corporation, and Olympus Corporation. Furthermore, the number of local companies in the Asia Pacific endoscopy devices market is largely triggered due to increasing focus on providing affordable endoscopy devices to consumers.

To respond the growing demand for endoscopy devices in Asia Pacific, major international players are rethinking of their strategies. For example, Olympus Corporation has declared that it will launch a line of affordable videoscopes in China to reach smaller facilities that are cost-conscious.

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