Frost & Sullivan: Minimally Invasive Approach Boosts Demand for Endoscopy Devices in Australia, South Korea and Southeast Asia

Frost & Sullivan: Minimally InvasiveFrost & Sullivan: Minimally Invasive Approach Boosts Demand for Endoscopy Devices in Australia, South Korea and Southeast Asia PR Newswire SINGAPORE, Dec. 5, 2013 -- Partnering with hospitals to provide infrastructure and guidance on endoscopy will help manufacturers strengthen the market Faster recovery times, better prognosis, and higher awareness among physicians and patients have been the foremost drivers of endoscopy in diagnosis and surgical disciplines in Australia, South Korea and Southeast Asia. The prevalence of non-communicable diseases in the region further necessitates the need for intervention using endoscopy. New analysis from Frost & Sullivan (http://www.medtech.frost.com), Analysis of the Endoscopy Devices Market in Australia, South Korea, and Southeast Asia, finds that the market earned revenues of US$264.7 million in 2012 and estimates this to reach US$408.3 million in 2017. By application, gastrointestinal endoscopy and laparoscopy remain the most popular segments. The neuroendoscopy and ear-nose-throat (ENT) segments also present immense growth opportunities. The use of out-patient or short in-patient endoscopy procedures is rising to deal with issues such as the lack of hospital beds, workforce and infrastructure to handle escalating in-patient admissions.