LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global colonoscopy devices market report until 2021. This research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global colonoscopy devices market for 2017-2021 provides a detailed industry analysis based on the product type (fiberoptic colonoscopy devices and video colonoscopy devices), technology (instruments and accessories; and colonoscopy devices service), and geography (the Americas, EMEA, and APAC).
“The global colonoscopy devices market size is projected to grow to USD 2,006 million by 2021, at a CAGR of close to 5%, over the forecast period. The increasing guidelines from healthcare organizations and rising popularity of minimally invasive surgeries are driving the growth of the global colonoscopy devices market,” says Barath Palada, a lead analyst at Technavio for medical imaging research.
Competitive vendor landscape
The global colonoscopy devices market is highly fragmented with the presence of large tier-1 and medium-scale tier-2/tier-3 companies. The new product launches and advances in technology will increase the competition among vendors. The vendors in the market are focusing on strategic initiatives such as M&A and growing R&D activities to develop advanced products to gain revenue share in the market. Vendors compete based on pricing, product differentiation, capital support for product or technology upgradation, and distribution partnerships.
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Top five vendors in the global colonoscopy devices market
Boston Scientific develops, manufactures, and markets high-quality medical devices used in the treatment of a wide range of medical conditions. Through its divisions and subsidiaries, the company provides a wide range of product portfolio. Some of its colonoscopy products include EndoChoice FUSE colonoscopy devices.
Fujifilm Holdings engages in the R&D, manufacture, sales and services of various medical devices including MI surgical products such as colonoscopes. The company is operating in three business fields, which include healthcare, highly functional materials, and document. Some of its colonoscopes include standard, slim, super slim, dual-channel colonoscopes with wide insertion tube diameters.
HOYA Group offers colonoscopes through its division, PENTAX Medical. The company engages in the development of medical imaging equipment worldwide. It offers colonoscopes, sigmoidoscopes, upper GI gastroscopes, and duodenoscopes.
KARL STORZ is a medical device manufacturing company. It designs, develops, manufactures, markets, and distributes endoscopic colonoscopy equipment in over 38 countries. It provides medical devices used in neuro-endoscopy, anesthesia and emergency medicine, gastroenterology, gynecology, and urology.
OLYMPUS engages in the R&D activities, and manufacturing and marketing of medical devices in Japan and worldwide. It offers imaging systems, medical systems, life sciences and industrial products, and MI surgical devices. The company provides advanced products, services, technologies, and solutions for early diagnosis and treatment of diseases.
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Technavio is leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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