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Dec 29, 2023

Endoscopy Devices Market 2023 Emerging Trends, Application, company profiles, Strategies and Forecast 2031

The global endoscopy devices market was valued at $31.78 million in 2019, and is projected to reach $43.82 billion by 2027, at a CAGR of 4.1% from 2019 to 2027. Endoscopy is used to evaluate various

The global endoscopy devices market was valued at $31.78 million in 2019, and is projected to reach $43.82 billion by 2027, at a CAGR of 4.1% from 2019 to 2027. Endoscopy is used to evaluate various conditions such as stomach pain, ulcers, gastritis, digestive tract bleeding, cancerous growth in colon, and changes in bowel habits. Moreover, endoscopy is categorized on the basis of area of body that are investigated such as knee & joints (arthroscopy), lungs (bronchoscopy), colon (colonoscopy), abdominal & pelvic areas (laparoscopy), and others. Increase in incidences of targeted diseases such as colon cancer and gastrointestinal disorders propel the demand for endoscopic devices. Endoscopy is a minimally invasive medical procedure used for diagnosis, prevention, and treatment of complications in visceral organs. Endoscopic devices are either inserted into the body through natural openings or cavities (such as anus and mouth) or through incisions, especially in case of arthroscopy. Endoscopy devices are equipped with several other parts such as camera or light source at the tip to help physicians or medical professionals (endoscopists) to analyze internal organs of interest.

Rise in technological advancements and increase in prevalence rate of diseases that require endoscopy devices are the major factors that boost the market growth. In addition, growth in patient preference for minimally invasive surgeries, favorable FDA approvals & reimbursement policies in developed economies, and shorter recovery time & minimal postoperative complications further drive the market growth.

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However, dearth of trained physicians & endoscopists, side effects of endoscopy, and high costs associated with endoscopy devices are expected to hamper the market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create immense opportunities for endoscopy devices manufacturers worldwide in the future. The global endoscopy devices market is segmented on the basis of product, hygiene, application, end user, and region. On the basis of product, the market is categorized into endoscope, mechanical endoscopic equipment, visualization and documentation systems, accessories, and other endoscopy equipment. The endoscope segment is further classified into rigid endoscope, flexible endoscope, capsule endoscope, and robot-assisted endoscope.

The rigid endoscope segment is further divided into laparoscopes, urology endoscope, gynecology endoscope, arthroscopes, cystoscopes, neuro endoscope, and others. The flexible endoscope segment is further divided into GI endoscope, ENT endoscope, bronchoscope, and others. The mechanical endoscopic equipment is further segmented by devices and by therapeutic. The mechanical endoscopic equipment, by devices is further divided into endoscopic implants, trocars, graspers, snares, biopsy forceps, and others.

The mechanical endoscopic equipment, by therapeutic is further classified into biopsy (FNA and FNB), polypectomy (ESD and EMR), biliary stone management & drainage, hemostasis & suturing, esophageal & colon stricture management, gastroesophageal reflux disease (GERD)/Obesity, and others. The visualization & documentation systems segment is further categorized into Light sources, camera heads, wireless display & monitors, endoscopy cameras, carts, digital documentation systems, video processors & video convertors, transmitters & receivers, and others.

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The accessories segment is further divided into biopsy valves, overtubes, mouth pieces, surgical dissectors, needle holders & needle forceps, cleaning brushes, light cables, and other accessories. The other endoscopy equipment is further fragmented into insufflators, endoscopy fluid management systems, and other electronic endoscopy equipment. On the basis of hygiene, the market is segmented into single-use, reprocessing, and sterilization. By application, it is classified into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, gynecology endoscopy, ENT endoscopy, and others. By end user, it is segmented into hospitals, ambulatory surgery centers & clinics, and other end users. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.

Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).

KEY MARKET BENEFITS? This report highlights the market dynamics to understand the global endoscopy devices market and capitalize prevailing opportunities.? Quantitative analysis of the current market and forecasts is expected to assist stakeholders to design business strategies accordingly.? Porter’s five forces analysis examines the competitive market structure and provides a deeper understanding of the influencing factors for entry and expansion.? Pin-point analysis of geographical segments offers identification of most profitable segments to capitalize on.

LIST OF KEY PLAYERS PROFILED IN THE REPORT– HOYA Corporation– Olympus Corporation– Stryker Corporation– Boston Scientific Corporation– Fujifilm Holdings Corporation– CONMED Corporation– Medtronic Plc.– Karl Storz GmbH & Co. KG– Smith & Nephew, Plc.– Johnson & Johnson– Medrobotics Corporation– Richard Wolf GmbH– Cook Medical– B. Braun– PENTAX Medical– Machida Endoscope Co., Ltd.

KEY MARKET SEGMENTS– By Producto Endoscope? Rigid Endoscopes– Laparoscopes– Urology Endoscopes– Gynecology Endoscopes– Arthroscopes– Cystoscopes– Neuroendoscopes– Other Rigid Endoscopes? Flexible Endoscopes– GI Endoscopeso Gastroscopeso Colonoscopeso Sigmoidoscopeso Duodenoscopeso Others– ENT Endoscopeso Nasopharyngoscopeso Otoscopeo Rhinoscopeso Laryngoscopeso Others– Bronchoscopes– Other Flexible Endoscopes? Capsule Endoscopes? Robot-assisted Endoscopeo Mechanical Endoscopic Equipment

? By Devices– Endoscopic Implants– Trocars– Graspers– Snares– Biopsy Forceps– Others

? By Therapeutics– Biopsy (FNA and FNB)– Polypectomy (ESD and EMR)– Biliary Stone Management & Drainage– Hemostasis & Suturing– Esophageal & Colon Stricture Management– Gastroesophageal Reflux Disease (GERD) & Obesity– Otherso Visualization & Documentation Systems? Light Sources? Camera Heads? Wireless Display & Monitors? Endoscopy Cameras? Carts? Digital Documentation Systems? Video Processors & Video Convertors? Transmitters and Receivers? Otherso Accessories? Biopsy Valves? Overtubes? Mouth Pieces? Surgical Dissectors? Needle Holders & Needle Forceps? Cleaning Brushes? Light Cables? Other Accessorieso Other Endoscopy Equipment? Insufflators? Endoscopy Fluid Management Systems? Other Electronic Endoscopy Equipment

– By Hygieneo Single-useo Reprocessingo Sterilization

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– By Applicationo Bronchoscopyo Arthroscopyo Laparoscopyo Urology Endoscopyo Neuroendoscopyo Gastrointestinal Endoscopyo Gynecology Endoscopyo ENT Endoscopyo Others

– By End Usero Hospitalso Ambulatory Surgery Centers & Clinicso Others

– By Regiono North America? U.S.? Canada? Mexicoo Europe? Germany? France? Spain? Italy? UK? Russia? Rest of Europeo Asia-Pacific? Australia? Japan? China? India? Taiwan? South Korea? Malaysia? Singapore? Vietnam? Philippines? Thailand? Indonesia? Rest of Asia-Pacifico LAMEA? Brazil? Saudi Arabia? South Africa? Turkey? Chile? Columbia? Rest of LAMEA

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