The North America Endoscopic Accessories Market is Estimated to be Worth USD 63.0 Million by 2021, at a CAGR of 4.1%
PUNE, India, August 9, 2016 /PRNewswire/ --
According to the new Market Research Report "North America Endoscopic Accessories Market By Product (Carts, Cleaning Adapters, Lubrication Gel), By Application (Laparoscopy, Gastrointestinal Endoscopy), By Country (U.S. Canada Mexico) - Trends & Forecasts up to 2021", was valued at USD 51.6 million in 2015 and is estimated to reach USD 63.0 million by 2021, at a CAGR of 4.1% from 2016 to 2021.
Browse 58 market data Tables and 54 Figures spread through 135 Pages of "North American Endoscopic Accessories Market" for an in-depth analysis of the industry trends and segments.
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The North America endoscopic accessories market has been segmented based on product, application, and region. In terms of product, the endoscopic accessories market is mainly segmented into endoscopy carts/trolleys, cleaning adapters, lubrication gels, surgical dissectors, polyp trap, distal attachments, mouthpieces/bite blocks, biopsy valves, spray catheters, fluid flushing device, needle forceps & needle holders, endosponges, and other endoscopic accessories.
Endoscopy carts/trolleys was the largest segment of the North America endoscopy accessories product market. Carts are used to accommodate equipment for specific endoscopic procedures. Carts help to reduce damage to the endoscopic system and are also responsible for minimizing contamination hazards while transporting the system across the facility. With the rising demand for endoscopy systems, the market for carts is also expected to grow.
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The mouthpieces/bite blocks segment of the North America endoscopic accessories product market is expected to grow at the highest rate during forecast period.
Mouthpieces, also known as bite blocks, are the devices used during the upper endoscopic procedure wherein the physician/endoscopist inserts the endoscope through the mouthpiece towards the esophagus in the stomach. This device is majorly used during bronchoscopy procedures. North America has the second-highest incidence rate of lung and bronchus cancer and therefore this happens to be an important growth driver for bronchoscopes and its accessories, mouthpieces/bite blocks being one of them.
On the basis of application, the market is segmented into laparoscopy, GI endoscopy, arthroscopy, urology endoscopy, and bronchoscopy, among others. The laparoscopy segment accounted for the largest share of 25.0% in 2015 of the endoscopic accessories market, followed by the GI endoscopy segment.
The endoscopic accessories market is highly competitive owing to the presence of several large and small firms with similar product offerings. The market is dominated by Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), Stryker (U.S.), Hoya Group (Japan), Karl Storz GmbH & Co. KG (Germany), Medovations, Inc. (U.S.), Endo-Technik (Germany), EndoChoice Holdings Inc. (U.S.), US Endoscopy *U.S.), Conmed (U.S.), Solos Endoscopy, Inc. (U.S.), and Medivators, Inc. (U.S.). These companies have adopted various strategies (new product launches, investments, and geographic expansions) to increase their market share and establish a strong foothold in the market. Acquisition is another strategy followed by the key players to widen their product portfolio and to increase their geographic presence.
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