The global endoscopy operative devices market size was USD 8.45 Billion in 2021 and is expected to register a revenue CAGR of 5.0% during the forecast period
The endoscopy operative devices market refers to the sector within the medical industry that focuses on the development, manufacturing, and distribution of medical devices used in endoscopic procedures. Endoscopy is a minimally invasive diagnostic and surgical technique that allows healthcare professionals to visualize and operate on internal organs and tissues using a thin, flexible instrument called an endoscope.
The Endoscopy Operative Devices Market refers to the medical devices used during endoscopic procedures. Endoscopy is a minimally invasive surgical technique that involves inserting a small camera into the body to visualize and diagnose or treat a variety of conditions. Endoscopy operative devices include instruments such as biopsy forceps, graspers, scissors, and needles, as well as other equipment such as insufflators and endoscopic suturing devices.
The global endoscopy operative devices market has been growing steadily in recent years, driven by several factors such as increasing demand for minimally invasive surgeries, technological advancements in endoscopic devices, and rising incidence of gastrointestinal diseases and cancer. The COVID-19 pandemic has also contributed to the growth of the market, as endoscopy procedures are considered to be essential and have continued to be performed even during the pandemic.
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Companies profiled in the market report include Cook Medical Inc.; Medtronic; CONMED Corporation; Boston Scientific Corporation; Stryker; Ethicon Endo-Surgery, Inc.; Karl Storz; Richard Wolf GmbH; Fujifilm Holdings Corporation; Olympus
The market for endoscopy operative devices has witnessed significant growth in recent years due to several factors. One of the primary drivers is the increasing prevalence of gastrointestinal diseases and cancer. Endoscopy is widely used for the diagnosis, treatment, and management of conditions such as gastrointestinal bleeding, gastroesophageal reflux disease (GERD), inflammatory bowel disease (IBD), and colorectal cancer. The rising incidence of these diseases has led to a growing demand for endoscopy procedures and, consequently, endoscopy operative devices.
Advancements in technology have also played a crucial role in the market's growth. The development of innovative endoscopic devices, such as high-definition imaging systems, robotic-assisted platforms, and specialized surgical instruments, has improved the accuracy, safety, and efficiency of endoscopic procedures. These advancements have expanded the capabilities of endoscopists and increased the adoption of endoscopy in various medical specialties.
Furthermore, the shift towards minimally invasive procedures in healthcare has contributed to the increased adoption of endoscopy operative devices. Compared to traditional open surgeries, endoscopic procedures offer several advantages, including smaller incisions, reduced pain, faster recovery times, and lower risk of complications. These benefits have led to a growing preference for endoscopy among both patients and healthcare providers.
The endoscopy operative devices market encompasses a wide range of devices, including endoscopes (flexible, rigid, and capsule), surgical instruments (graspers, scissors, biopsy forceps), electrosurgical devices, insufflators, and visualization systems. These devices are used in various endoscopic procedures, such as gastrointestinal endoscopy, laparoscopy, bronchoscopy, arthroscopy, and hysteroscopy.
Geographically, the market for endoscopy operative devices covers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe have traditionally been significant markets due to their well-established healthcare infrastructure, high adoption of advanced medical technologies, and favorable reimbursement policies. However, the market is also expanding in emerging economies of Asia Pacific, Latin America, and the Middle East & Africa, driven by improving healthcare infrastructure, increasing healthcare expenditure, and a rising prevalence of gastrointestinal diseases and cancer.
In conclusion, the endoscopy operative devices market is experiencing substantial growth globally, driven by factors such as the increasing prevalence of gastrointestinal diseases and cancer, technological advancements, and the shift towards minimally invasive procedures. The market offers a wide range of endoscopy operative devices that enable accurate diagnosis, precise interventions, and improved patient outcomes. The market's geographical expansion is notable, with emerging economies playing a significant role in driving market growth.
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Here are some key highlights from the report:
- Due to the rise in endoscopic operations, the access devices sector held the highest market in 2020 at over 35.0%. Innovative, cutting-edge endoscopic access devices are being created by a number of important players to enhance endoscopies. Announcing the purchase of a controlling stake in PlasmaBiotics SAS, which develops, produces, and sells endoscope drying and storage equipment, was Pentax Medical in August of last year. With this acquisition, Pentax Medical's cleanliness offerings would be strengthened, and the risk of cross-contamination would be reduced to improve patient safety during endoscopy.
- Due to the rising incidence of cancer and other chronic diseases, North America held the greatest revenue share of over 40.0% in 2020. Advanced endoscopic operational equipment are becoming increasingly popular for minimally invasive treatments, which is helping the industry expand. Moreover, the market is expanding due to the rising demand for endoscopies for diagnostic and therapeutic purposes. The North American market is being driven by rising healthcare costs and a continually changing healthcare infrastructure. Due to the expanding economies of China and India as well as the rising levels of disposable income in these nations, the Asia Pacific region is predicted to grow at the quickest rate during the projected period.
- For instance, in October 2017, Olympus Corporation increased its GI endoscopic device line with the announcement of 3-in-1 SB Knives that enable mucosal incision as well as controlled precision cutting.
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- For the purpose of this report, Reports and Data has segmented the global endoscopy operative devices industry into Product Outlook, Application Outlook, Regional Outlook:
Product Outlook (Revenue, USD Billion; 2019-2030)
- Energy Systems
- Access Devices
- Suction & Irrigation Systems
- Hand Instruments
- Wound Retractors
- Snares
Application Outlook (Revenue, USD Billion; 2019-2030)
- Gastrointestinal (GI) Endoscopy
- Laparoscopy
- Obstetrics/ Gynecology Endoscopy
- Arthroscopy
- Urology Endoscopy (Cystoscopy)
- Bronchoscopy
- Mediastinoscopy
- Otoscopy
- Laryngoscopy
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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