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Market Research Report
US Markets for Gastrointestinal Endoscopy Devices 2010
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US Markets for Gastrointestinal Endoscopy Devices 2010 published by Millennium Research Group in August, 2010. This report price starts from US $ 5995.
Abstract
The US market for gastrointestinal (GI) endoscopy devices comprises
videoscopes, enteral feeding devices, endoscopic retrograde
cholangiopancreatography (ERCP) devices, hemostasis devices, biopsy forceps,
stents, virtual colonoscopy (VC) systems, esophageal dilation devices, small
bowel capsule endoscopes, polypectomy snares, Barrett' s esophagus ablation
devices, and retrieval devices. The increased susceptibility of older
Americans to conditions requiring endoscopic diagnosis and treatment will
increase unit sales. Changes in health care legislation - especially greater
coverage for colorectal cancer (CRC) screening - will drive already very high
procedure volumes, fueling market growth. Premium-priced innovative devices
introduced by both start-up companies and established organizations will also
raise revenues, especially when these devices have been shown in clinical
trials to reduce overall health care costs associated with particular
interventions. Health care facilities, however, have become more cost
conscious as a result of the recession, and price competition and the sales of
lower-priced reprocessed devices will depress average selling prices.
Nevertheless, growth in units sold and increased adoption of technologically
advanced devices will enable the GI endoscopy device market to flourish from
2009 to 2014.
Table of Contents
LIST OF FIGURES AND TABLES
EXECUTIVE SUMMARY
METHODOLOGY
1.0 US GASTROINTESTINAL ENDOSCOPY DEVICE MARKET
- 1.1 Market Overview
- 1.2 Market Analysis
- 1.2.1 Key Report Updates
- 1.2.2 Procedures
- 1.2.2.1 Gastrointestinal Endoscopic Procedures by Type
- 1.2.2.2 Gastrointestinal Endoscopic Procedures by Intervention
- 1.2.3 Market Forecast
- 1.2.4 Market Drivers and Limiters
- 1.2.4.1 Market Drivers
- 1.2.4.2 Market Limiters
- 1.3 Competitive Analysis
- 1.3.1 Competitive Landscape
- 1.3.2 Market Shares
- 1.3.3 Competitor Discussions (in Alphabetical Order)
- Abbott Nutrition
- Boston Scientific
- Cook Medical
- Covidien
- Given Imaging
- Olympus/Gyrus - ACMI
- PENTAX Medical
- Other
2.0 GASTROINTESTINAL VIDEOSCOPE MARKET
- 2.1 Market Overview
- 2.2 Market Analysis
- 2.2.1 Procedure Overview
- 2.2.1.1 Colonoscopy
- 2.2.1.2 Esophagogastroduodenoscopy
- 2.2.1.3 Endoscopic Retrograde Cholangiopancreatography
- 2.2.1.4 Enteroscopy
- 2.2.1.5 Ultrasound Endoscopy
- 2.2.2 The Role of Health Care Reform
- 2.2.3 Procedures
- 2.2.4 Market Forecast
- 2.2.4.1 Colonoscope Market
- 2.2.4.2 Gastroscope Market
- 2.2.4.3 Enteroscope Market
- 2.2.4.4 Duodenoscope Market
- 2.2.4.5 Ultrasound Endoscope Market
- 2.2.4.6 Sigmoidoscope Market
- 2.2.5 Emerging Technologies
- 2.2.5.1 Overtubes
- Devices Expanding Procedural Applications
- Devices Facilitating Existing Procedures
- Devices for Upper GI Procedures
- Devices for Lower GI Procedures
- 2.2.5.2 Enteroscopy Accessories
- 2.2.5.3 Visualization Probes
- 2.2.5.4 Self - Propelled Scopes
- 2.3 Competitive Analysis
- 2.3.1 Competitive Landscape
- 2.3.2 Market Shares
3.0 ENTERAL FEEDING DEVICE MARKET
- 3.1 Market Overview
- 3.2 Market Analysis
- 3.2.1 Market Forecast
- 3.2.1.1 Giving Set Market
- 3.2.1.2 Percutaneous Endoscopic Gastrostomy Kit Market
- 3.2.1.3 Low - Profile Gastrostomy Device Market
- Low - Profile Balloon Market
- Low - Profile Button Market
- 3.2.1.4 Gastrostomy Tube Market
- 3.2.1.5 Nasogastric Tube Market
- 3.2.1.6 Enteral Feeding Pump Market
- 3.3 Competitive Analysis
- 3.3.1 Competitive Landscape
- 3.3.1.1 Giving Set and Enteral Feeding Pump Competitors
- 3.3.1.2 Other Disposable Enteral Feeding Device Competitors
- 3.3.2 Market Shares
4.0 ENDOSCOPIC RETROGRADE CHOLANGIOPANCREATOGRAPHY DEVICE MARKET
- 4.1 Market Overview
- 4.2 Market Analysis
- 4.2.1 Procedure Overview
- 4.2.1.1 Endoscopic Retrograde Cholangiopancreatography
- Biliary Stone Removal Techniques
- Treatment of Biliary Strictures
- 4.2.1.2 Magnetic Resonance Cholangiopancreatography
- 4.2.1.3 Peroral Cholangioscopy and Duodenoscope - Assisted
Cholangiopancreatography
- 4.2.2 Procedures
- 4.2.3 Market Forecast
- 4.2.3.1 Sphincterotome Market
- 4.2.3.2 Guidewire Market
- 4.2.3.3 Stone Removal Device Market
- 4.2.3.4 Mechanical Lithotripter Market
- 4.2.3.5 Biliary Balloon Dilator Market
- 4.2.3.6 Cannula Market
- 4.3 Competitive Analysis
- 4.3.1 Competitive Landscape
- 4.3.2 Market Shares
5.0 HEMOSTASIS DEVICE MARKET
- 5.1 Market Overview
- 5.2 Market Analysis
- 5.2.1 Market Definition and Procedures
- 5.2.2 Market Forecast
- 5.3 Competitive Analysis
- 5.3.1 Competitive Landscape
- 5.3.2 Market Shares
6.0 BIOPSY FORCEPS MARKET
- 6.1 Market Overview
- 6.2 Market Analysis
- 6.2.1 Market Definition
- 6.2.2 Procedures
- 6.2.3 Market Forecast
- 6.3 Competitive Analysis
- 6.3.1 OEM Competitive Landscape
- 6.3.2 Market Shares
7.0 STENT MARKET
- 7.1 Market Overview
- 7.2 Market Analysis
- 7.2.1 Procedures
- 7.2.2 Market Forecast
- 7.2.2.1 Biliary and Pancreatic Stent Markets
- 7.2.2.2 Esophageal Stent Market
- 7.2.2.3 Colonic and Duodenal/Pyloric Stent Markets
- 7.3 Competitive Analysis
- 7.3.1 Competitive Landscape
- 7.3.2 Market Shares
8.0 VIRTUAL COLONOSCOPY SYSTEM MARKET
- 8.1 Market Overview
- 8.2 Market Analysis
- 8.2.1 Market Definition
- 8.2.2 Procedures
- 8.2.3 Market Forecast
- 8.3 Competitive Analysis
- 8.3.1 Competitive Landscape
- 8.3.2 Market Shares
9.0 ESOPHAGEAL DILATION BALLOON MARKET
- 9.1 Market Overview
- 9.2 Market Analysis
- 9.2.1 Market Definition
- 9.2.2 Procedures
- 9.2.3 Market Forecast
- 9.3 Competitive Analysis
- 9.3.1 Competitive Landscape
- 9.3.2 Market Shares
10.0 SMALL BOWEL CAPSULE ENDOSCOPE MARKET
- 10.1 Market Overview
- 10.2 Market Analysis
- 10.2.1 Market Definition
- 10.2.2 Procedures
- 10.2.3 Market Forecast
- 10.3 Competitive Analysis
- 10.3.1 Competitive Landscape
- 10.3.2 Market Shares
11.0 POLYPECTOMY SNARE MARKET
- 11.1 Market Overview
- 11.2 Market Analysis
- 11.2.1 Market Definition
- 11.2.2 Procedures
- 11.2.3 Market Forecast
- 11.3 Competitive Analysis
- 11.3.1 Competitive Landscape
- 11.3.2 Market Shares
12.0 BARRETT' S ESOPHAGUS ABLATION DEVICE MARKET
- 12.1 Market Overview
- 12.2 Market Analysis
- 12.2.1 Market Definition
- 12.2.2 Procedures
- 12.2.3 Market Forecast
- 12.2.3.1 Emerging Competition for Barrett' s Esophagus Ablation
Devices: Gastroesophageal Reflux Disease Treatment Devices
- 12.3 Competitive Analysis
- 12.3.1 Competitive Landscape
- 12.3.2 Market Shares
13.0 RETRIEVAL DEVICE MARKET
- 13.1 Market Overview
- 13.2 Market Analysis
- 13.2.1 Market Definition
- 13.2.2 Procedures
- 13.2.3 Market Forecast
- 13.3 Competitive Analysis
- 13.3.1 Competitive Landscape
- 13.3.2 Market Shares
APPENDIX A: MRG ACRONYMS AND INITIALISMS
APPENDIX B: SUPPLEMENTAL FIGURES
LIST OF FIGURES AND TABLES
TABLE OF CONTENTS
LIST OF FIGURES AND TABLES
EXECUTIVE SUMMARY
- Figure 1: GI Endoscopy Device Market, by Segment, US (US$), 2008 - 2014
- Figure 2: GI Videoscope Market, by Segment, US (US$), 2008 - 2014
- Figure 3: Enteral Feeding Device Market, by Segment, as a % of Total, US,
2009 and 2014
- Figure 4: ERCP Device Market, by Segment, US (US$), 2008 - 2014
- Figure 5: Hemostasis Device Market, by Segment, as a % of Total, US, 2009
and 2014
- Figure 6: Biopsy Forceps Market, by Use, US (US$), 2008 - 2014
- Figure 7: Stent Market, by Site, as a % of Total, US, 2009 and 2014
- Figure 8: VC System Market, by Segment, US (US$), 2008 - 2014
- Figure 9: Esophageal Dilation Balloon Market, by Type, US (US$), 2008 -
2014
- Figure 10: Small Bowel Capsule Endoscope Market Growth, US, 2009 - 2014
- Figure 11: Polypectomy Snare Market, US (US$), 2008 - 2014
- Figure 12: Barrett' s Esophagus Ablation Device Market, US (US$), 2008 -
2014
- Figure 13: Retrieval Device Market, by Type, as a % of Total, US, 2009 and
2014
- Table 1: Companies Mentioned in This Report
METHODOLOGY
1.0 US GASTROINTESTINAL ENDOSCOPY DEVICE MARKET
- Figure 14: GI Endoscopy Device Market, US (US$), 2008 - 2014
- Table 2: Key Report Updates, by Segment, 2010
- Table 3: Key Report Updates, Procedures, by Segment, 2010
- Figure 15: GI Endoscopic Procedures, by Type, US, 2008 - 2014
- Table 4: GI Endoscopic Procedures, by Type, US, 2008 - 2014
- Table 5: GI Endoscopic Procedures, by Intervention, US, 2008 - 2014
- Table 6: GI Endoscopy Device Market, by Segment, US (US$), 2008 - 2014
- Table 7: GI Endoscopy Device Market Growth, by Segment, US, 2009 - 2014
- Table 8: GI Endoscopy Device Market, by Segment, as a % of Total, US, 2008
- 2014
- Table 9: Drivers and Limiters of the GI Endoscopy Device Market, US
- Figure 16: Leading Competitors in the GI Endoscopy Device Market, as a %
of Total, US, 2009
- Table 10: Leading Competitors in the GI Endoscopy Device Market, as a % of
Total, US, 2009
2.0 GASTROINTESTINAL VIDEOSCOPE MARKET
- Figure 17: GI Videoscope Market, by Segment, US (US$), 2008 - 2014
- Table 11: GI Videoscopes, by Procedure
- Table 12: GI Endoscopic Procedures, US, 2008 - 2014
- Table 13: GI Videoscope and Video Processor Market, by Segment, US (US$),
2008 - 2014
- Table 14: Videoscope Market, by Type, US (US$), 2008 - 2014
- Table 15: Videoscope Sales, by Type, 2008 - 2014
- Table 16: Videoscope Installed Base, by Type, 2008 - 2014
- Table 17: Colonoscope Market, US (US$), 2008 - 2014
- Table 18: Gastroscope Market, US (US$), 2008 - 2014
- Table 19: Enteroscope Market, by Segment, US (US$), 2008 - 2014
- Table 20: Enteroscope Market Growth, by Segment, US (US$), 2009 - 2014
- Table 21: Duodenoscope Market, US (US$), 2008 - 2014
- Table 22: Ultrasound Endoscope Market, US (US$), 2008 - 2014
- Table 23: Sigmoidoscope Market, US (US$), 2008 - 2014
- Table 24: Video Processor Market and Installed Base, US (US$), 2008 - 2014
- Table 25: Leading Competitors in the GI Videoscope and Video Processor
Market, as a % of Total, US, 2009
3.0 ENTERAL FEEDING DEVICE MARKET
- Figure 18: Enteral Feeding Device Market, by Segment, US (US$), 2008 - 2014
- Table 26: Enteral Feeding Device Market, by Segment, US (US$), 2008 - 2014
- Table 27: Giving Set Market, US (US$), 2008 - 2014
- Table 28: PEG Kit Market, US (US$), 2008 - 2014
- Table 29: Low - Profile Gastrostomy Device Market, by Segment, US (US$),
2008 - 2014
- Table 30: Low - Profile Gastrostomy Device Market Growth, by Segment, US,
2009 - 2014
- Table 31: G - Tube Market, US (US$), 2008 - 2014
- Table 32: NG Tube Market, US (US$), 2008 - 2014
- Table 33: Enteral Feeding Pump Units and Installed Base, by Segment, US,
2008 - 2014
- Table 34: Enteral Feeding Pump Market, by Segment, US (US$), 2008 - 2014
- Table 35: Enteral Feeding Pump Market Growth, by Segment, US (US$), 2009 -
2014
- Table 36: Enteral Feeding Pump Market, by Segment, as a % of Total, US,
2008 - 2014
- Table 37: Leading Competitors in the Enteral Feeding Device Market, by
Segment, as a % of Total, US, 2009
4.0 ENDOSCOPIC RETROGRADE CHOLANGIOPANCREATOGRAPHY DEVICE MARKET
- Figure 19: ERCP Device Market, by Segment, US (US$), 2008 - 2014
- Figure 20: ERCPs and MRCPs, US, 2008 - 2014
- Table 38: ERCPs, US, 2008 - 2014
- Table 39: MRCPs, US, 2008 - 2014
- Table 40: Biliary Stone Removal Procedures, US, 2008 - 2014
- Table 41: Lithotripsies, US, 2008 - 2014
- Table 42: ERCP Device Market, by Segment, US (US$), 2008 - 2014
- Table 43: Sphincterotome Market, US (US$), 2008 - 2014
- Table 44: Guidewire Market, US (US$), 2008 - 2014
- Table 45: Stone Removal Device Market, by Segment, US (US$), 2008 - 2014
- Table 46: Stone Removal Basket Market, US (US$), 2008 - 2014
- Table 47: Stone Removal Balloon Market, US (US$), 2008 - 2014
- Table 48: Mechanical Lithotripter Market, US (US$), 2008 - 2014
- Table 49: Biliary Balloon Dilator Market, US (US$), 2008 - 2014
- Table 50: Cannula Market, US (US$), 2008 - 2014
- Table 51: Leading Competitors in the ERCP Device Market, by Segment, as a
% of Total, US, 2009
5.0 HEMOSTASIS DEVICE MARKET
- Figure 21: Hemostasis Device Market, by Segment, US (US$), 2008 - 2014
- Table 52: Endoscopic GI Hemostasis Procedures, by Site, US, 2008 - 2014
- Table 53: Hemorrhoid Treatments, by Type and Technique, US, 2008 - 2014
- Table 54: Hemostasis Device Market, by Segment, US (US$), 2008 - 2014
- Table 55: APC Probe Market, US (US$), 2008 - 2014
- Table 56: Ligation Band Market, by Segment, US (US$), 2008 - 2014
- Table 57: Esophageal Ligation Band Market, US (US$), 2008 - 2014
- Table 58: Hemorrhoidal Ligation Band Market, US (US$), 2008 - 2014
- Table 59: Ligation Clip Market, US (US$), 2008 - 2014
- Table 60: RF Electrosurgery Probe Market, US (US$), 2008 - 2014
- Table 61: Sclerotherapy Needle Market, US (US$), 2008 - 2014
- Table 62: Leading Competitors in the Hemostasis Device Market, by Segment,
as a % of Total, US, 2009
6.0 BIOPSY FORCEPS MARKET
- Figure 22: Biopsy Forceps Market, by Use, US (US$), 2008 - 2014
- Table 63: Biopsies, by Location, US (US$), 2008 - 2014
- Table 64: Biopsy Forceps Market, by Type and Use, US (US$), 2008 - 2014
- Table 65: Biopsy Forceps Market, by Use, US (US$), 2008 - 2014
- Table 66: OEM Single - Use Cold Biopsy Forceps Market, US (US$), 2008 -
2014
- Table 67: OEM Reusable Cold Biopsy Forceps Market, US (US$), 2008 - 2014
- Table 68: Reprocessed Cold Biopsy Forceps Market, US (US$), 2008 - 2014
- Table 69: OEM Single - Use Hot Biopsy Forceps Market, US (US$), 2008 - 2014
- Table 70: Reprocessed Hot Biopsy Forceps Market, US (US$), 2008 - 2014
- Table 71: Leading OEM Competitors in the Biopsy Forceps Market, by Use, as
a % of Total, US, 2009
7.0 STENT MARKET
- Figure 23: Stent Market, by Site, US (US$), 2008 - 2014
- Table 72: Stent Procedures, by Site, US, 2008 - 2014
- Table 73: Biliary and Pancreatic Stent Procedures, by Technique, US, 2008
- 2014
- Table 74: Stents Used per Procedure, by Site, US, 2008 - 2014
- Table 75: Stent Market, by Material, US (US$), 2008 - 2014
- Table 76: Stent Market, by Site, US (US$), 2008 - 2014
- Table 77: Biliary Stent Market, by Material, US (US$), 2008 - 2014
- Table 78: Metal Biliary Stent Market, by Type, US (US$), 2008 - 2014
- Table 79: Covered Metal Biliary Stent Market, US (US$), 2008 - 2014
- Table 80: Uncovered Metal Biliary Stent Market US (US$), 2008 - 2014
- Table 81: Plastic Biliary Stent Market, US (US$), 2008 - 2014
- Table 82: Esophageal Stent Market, by Material, US (US$), 2008 - 2014
- Table 83: Metal Esophageal Stent Market, by Type, US (US$), 2008 - 2014
- Table 84: Covered Metal Esophageal Stent Market, US (US$), 2008 - 2014
- Table 85: Uncovered Metal Esophageal Stent Market, US (US$), 2008 - 2014
- Table 86: Plastic Esophageal Stent Market, US (US$), 2008 - 2014
- Table 87: Colonic Stent Market, US (US$), 2008 - 2014
- Table 88: Duodenal Stent Market, US (US$), 2008 - 2014
- Table 89: Leading Competitors in the Stent Market, by Material, as a % of
Total, US, 2009
- Table 90: Leading Competitors in the Stent Market, by Site and Material,
as a % of Total, US, 2009
8.0 VIRTUAL COLONOSCOPY SYSTEM MARKET
- Figure 24: VC System Market, by Segment, US (US$), 2008 - 2014
- Table 91: VCs, US, 2008 - 2014
- Table 92: VC System Market, by Segment, US (US$), 2008 - 2014
- Table 93: VC Workstation Market, US (US$), 2008 - 2014
- Table 94: VC Software Market, US (US$), 2008 - 2014
- Table 95: Leading Competitors in the VC System Market, as a % of Total,
US, 2009
9.0 ESOPHAGEAL DILATION BALLOON MARKET
- Figure 25: Esophageal Dilation Balloon Market, by Type, US (US$), 2008 -
2014
- Table 96: Esophageal Dilation Procedures, by Type, US, 2008 - 2014
- Table 97: Esophageal Dilation Balloons Used Per Procedure, by Type, US,
2008 - 2014
- Table 98: Esophageal Dilation Balloon Market, by Type, US (US$), 2008 -
2014
- Table 99: Multistage Esophageal Dilation Balloon Market, US (US$), 2008 -
2014
- Table 100: Single - Stage Esophageal Dilation Balloon Market, US (US$),
2008 - 2014
- Table 101: Leading Competitors in the Esophageal Dilation Balloon Market,
as a % of Total, US, 2009
10.0 SMALL BOWEL CAPSULE ENDOSCOPE MARKET
- Figure 26: Small Bowel Capsule Endoscope Market, US (US$), 2008 - 2014
- Table 102: Small Bowel Capsule Endoscopy Procedures, US, 2008 - 2015
- Table 103: Small Bowel Capsule Endoscope Market, US (US$), 2008 - 2014
- Table 104: Leading Competitors in the Small Bowel Capsule Endoscope
Market, as a % of Total, US, 2009
11.0 POLYPECTOMY SNARE MARKET
- Figure 27: Polypectomy Snare Market, US (US$), 2008 - 2014
- Table 105: Polypectomies, by Device Used, US, 2008 - 2014
- Table 106: Polypectomy Snare Market, US (US$), 2008 - 2014
- Table 107: Leading Competitors in the Polypectomy Snare Market, as a % of
Total, US, 2009
12.0 BARRETT' S ESOPHAGUS ABLATION DEVICE MARKET
- Figure 28: Barrett' s Esophagus Ablation Device Market, US (US$), 2008 -
2014
- Table 108: Barrett' s Esophagus Ablation Device Description, by Company
- Table 109: Barrett' s Esophagus Ablations, US, 2008 - 2014
- Table 110: Barrett' s Esophagus Ablation Device Market, US (US$), 2008 -
2014
- Table 111: Leading Competitors in the Barrett' s Esophagus Ablation Device
Market, as a % of Total, US, 2009
13.0 RETRIEVAL DEVICE MARKET
- Figure 29: Retrieval Device Market, by Use, US (US$), 2008 - 2014
- Table 112: Retrievals, by Type, US (US$), 2008 - 2014
- Table 113: Retrieval Device Market, by Type and Use, US (US$), 2008 - 2014
- Table 114: Retrieval Device Market, by Use, US (US$), 2008 - 2014
- Table 115: Single - Use Retrieval Device Market, US (US$), 2008 - 2014
- Table 116: Reusable Retrieval Device Market, US (US$), 2008 - 2014
- Table 117: Retrieval Net Market, US (US$), 2008 - 2014
- Table 118: Single - Use Grasper Market, US (US$), 2008 - 2014
- Table 119: Reusable Grasper Market, US (US$), 2008 - 2014
- Table 120: Leading Competitors in the Retrieval Device Market, by Use, as
a % of Total, US, 2009
APPENDIX A: MRG ACRONYMS AND INITIALISMS
- MRG Acronyms and Initialisms
APPENDIX B: SUPPLEMENTAL FIGURES
- Figure 30: GI Endoscopy Device Market, by Segment, US (US$), 2008 - 2014
(Detailed Format)
- Figure 31: GI Videoscope Market, by Segment, US (US$), 2008 - 2014
(Detailed Format)
- Figure 32: Enteral Feeding Device Market, by Segment, as a % of Total, US,
2009 and 2014 (Detailed Format)
- Figure 33: ERCP Device Market, by Segment, US (US$), 2008 - 2014 (Detailed
Format)
- Figure 34: Hemostasis Device Market, by Segment, as a % of Total, US, 2009
and 2014 (Detailed Format)
- Figure 35: Biopsy Forceps Market, by Use, US (US$), 2008 - 2014 (Detailed
Format)
- Figure 36: Stent Market, by Site, as a % of Total, US, 2009 and 2014
(Detailed Format)
- Figure 37: VC System Market, by Segment, US (US$), 2008 - 2014 (Detailed
Format)
- Figure 38: Esophageal Dilation Balloon Market, by Type, US (US$), 2008 -
2014 (Detailed Format)
- Figure 39: Small Bowel Capsule Endoscope Market Growth, US, 2009 - 2014
(Detailed Format)
- Figure 40: Polypectomy Snare Market, US (US$), 2008 - 2014 (Detailed
Format)
- Figure 41: Barrett' s Esophagus Ablation Device Market, US (US$), 2008 -
2014 (Detailed Format)
- Figure 42: Retrieval Device Market, by Type, as a % of Total, US, 2009 and
2014 (Detailed Format)
NEW COLORECTAL CANCER SCREENING COVERAGE TO DRIVE US GASTROINTESTINAL ENDOSCOPY DEVICE MARKET TO ALMOST $2.2 BILLION BY 2014
September 8th, 2010
Global Information Inc. would like to present a new market research report, "US Markets for Gastrointestinal Endoscopy Devices 2010" by Millennium Research Group.
According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, new coverage instituted under the Patient Protection and Affordable Care Act of 2010 will remove the financial disincentives associated with colorectal cancer screening for a large segment of the US population. As a result of these changes in reimbursement, a growing number of colorectal cancer screening procedures will be performed through 2014, driving sales of many gastrointestinal endoscopy devices, including videoscopes and biopsy forceps.
Under the health care act, all new health insurance policies must cover preventative exams, including colonoscopies, without charging out-of-pocket fees such as copayments or deductibles. All Medicare patients will therefore have colorectal cancer screening colonoscopies fully covered as of January 1, 2011. This expanded coverage of colorectal cancer screening procedures will increase the number of colonoscopies performed over the next five years. Sales of devices used in the procedures, such as colonoscopes and biopsy forceps, will also rise to meet this growing demand for colorectal cancer screening. Although colonoscopy volumes dipped in 2009 during the recession, they are climbing again and will continue to rise as increased medical insurance coverage encourages more Americans to undergo screening.
"At the height of the economic downturn, many Americans declined to undergo colorectal cancer screening because they lost insurance coverage for it or they felt that paying for a diagnostic procedure when they did not have any symptoms was not a priority for them in economically uncertain times," said Sara Scharf, Ph D, Analyst at MRG. "As this new coverage is put in place, patients will increasingly get screened for colorectal cancer."
MRGs new report, US Markets for Gastrointestinal Endoscopy Devices 2010, now includes more segments, detailed competitor coverage, and insights into trends than ever before. The report provides a thorough analysis of procedural trending, emerging markets, competing and complementary procedures, and revenue growth for the major gastrointestinal endoscopy devices in the US, including videoscopes, enteral feeding devices, endoscopic retrograde cholangiopancreatography devices, hemostasis devices, biopsy forceps, stents, virtual colonoscopy systems, esophageal dilation balloons, capsule endoscopes, polypectomy snares, and retrieval devices.
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