Industry Analysis & Industry Trends
Spurred by an aging population and increasing incidence of diseases like obesity, demand for endoscopes will continue to flourish. More individuals and physicians will look to minimally invasive procedures that use the devices, because of their lower costs and convenience. However, the addition of an excise tax on endoscopes will likely reduce industry profitability.... purchase to read more
Industry Report - Industry Analysis Chapter
The economic downturn had a negligible effect on the $1.8 billion Endoscope Manufacturing industry. Revenue grew in each of the five years to 2011, largely due to the indispensable nature of medical devices and the rising use of endoscope devices and endoscopic procedures. Industry revenue is expected to grow by 14.4% annually during the five years to 2011, and it is expected to grow by another 7.4% from 2010 to 2011.
The aging population has driven market growth, and technological advances have bolstered sales. The improving economy in 2010 resulted in more physician visits. Consequently, the number of individuals who are diagnosed with a condition that requires a device will increase... purchase to read more