The global endoscopy devices market size is expected to reach USD 58.1 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.4% during the forecast period. Growing preference for minimally invasive endoscopic procedures, increasing geriatric population, and increase in prevalence of target gynecological, urological, & gastrointestinal diseases are key factors contributing to market growth. Technological advancements in endoscopes and visualization systems are also positively impacting the market.
High
demand for endoscopes, visualization systems in diagnostics, and therapeutics
for various target diseases plays a vital role in increasing revenue. Growing
preference for minimally invasive surgical alternatives, such as laparoscopy,
hysteroscopy, and colonoscopy, to open surgeries is reinforcing demand for
endoscopic devices. The shift toward minimally invasive procedures can attributed
to the associated benefits, such as better patient satisfaction, economic
viability, relatively shorter hospital stays, and reduced postsurgical
complications. Growth of the market can also be attributed to increasing
preference for HD visualization systems by healthcare professionals, due to
their better imaging capabilities. They help in diagnosis and treatment of
complex diseases, such as cancer, GI disorders, lung disorders, and urinary
disorders and are minimally invasive.
Availability
of technologically advanced devices, such as HD visualization systems,
robot-assisted endoscopes, disposable endoscopes, and HD resolution camera
heads is also driving the market. Market players such as Stryker Corporation,
Olympus Corporation, and Ethicon Endo-Surgery, LLC are investing on R&D to
improve existing products along with launch of new products, which is expected
to drive the endoscopy devices market further. For instance, in 2016, Olympus
launched the VISERA 4K UHD surgical system equipped with a 55-inch primary
operative HD display, to enhance minimally invasive surgical procedures. It
also launched a 3D surgical endoscope in June 2017, which was compatible with
the VISERA ELITE II HD imaging system. In March 2018, Auris Health, Inc.
received FDA approval for the Monarch Platform-a new robotic endoscopic system.
This platform uses 3D imaging to facilitate depth perception, thereby enabling
high precision in surgeries.
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Endoscopy Devices
Market Report Highlights
- By product, endoscopy
visualization systems emerged as the largest product segment in 2018, with
a revenue share of 42.7%
- By application,
gastrointestinal endoscopy accounted for the largest revenue share in
2018. Meanwhile, urological endoscopy is expected to grow at the fastest
CAGR over the forecast period
- Hospitals emerged as the
leading end-use segment, while ambulatory surgery centers is expected to
show a significant growth rate
- North America accounted for
the largest market, due to a favorable reimbursement framework, high
disease prevalence, growing geriatric population, and rapid adoption of
minimally invasive endoscopic procedures
- Asia Pacific is anticipated
to show a lucrative CAGR of 8.6% over the forecast period, owing to
substantial economic growth, high prevalence of cancer, improvement in
healthcare infrastructure, and increase in awareness about minimally
invasive surgeries
- Olympus Corporation;
Fujifilm Holdings Corporation; Ethicon Endo-Surgery, LLC; Stryker
Corporation; Medtronic; Richard Wolf Gmbh; Boston Scientific Corporation;
Karl Storz; and CONMED Corporation are leading players.
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Endoscopy Devices
Market Segmentation
Grand View Research has segmented
the endoscopy devices market on the basis of product, applications, and end
use:
Endoscopy Devices
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Endoscopes
- Rigid Endoscopy Devices
- Laparoscopes
- Arthroscopes
- Urology Endoscopy Devices
- Cystoscopes
- Gynecology Endoscopy
Devices
- NeuroEndoscopy Devices
- Other Rigid Endoscopy
Devices
- Flexible Endoscopy Devices
- Upper Gastrointestinal
Endoscopy Devices
- Colonoscopes
- Bronchoscopes
- Sigmoidoscopes
- Laryngoscopes
- Pharyngoscopes
- Duodenoscopes
- Nasopharyngoscopes
- Rhinoscopes
- Other Flexible Endoscopy
Devices
- Capsule Endoscopy Devices
- Disposable Endoscopy
Devices
- Robot Assisted Endoscopy
Devices
- Endoscopy Visualization
Systems
- Standard Definition (SD)
Visualization Systems
- 2D systems
- 3D systems
- High Definition (HD)
Visualization Systems
- 2D systems
- 3D systems
- Ultrasound Devices
- Endoscopy Visualization
Components
- Camera Heads
- Insufflators
- Light Sources
- High Definition Monitors
- Suction Pumps
- Video Processors
- Operative Devices
- Energy Systems
- Access Devices
- Suction & Irrigation
Systems
- Hand Instruments
- Wound Retractors
- Snares
Endoscopy Devices
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Gastrointestinal (GI)
endoscopy
- Urology Endoscopy
(cystoscopy)
- Laparoscopy
- Obstetrics/Gynecology
Endoscopy
- Arthroscopy
- Bronchoscopy
- Mediastinoscopy
- Otoscopy
- Laryngoscopy
- Other applications
Endoscopy Devices
End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- Ambulatory Surgery Centers
- Other End Uses
Endoscopy Devices
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Switzerland
- Denmark
- Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Thailand
- Indonesia
- Malaysia
- Vietnam
- Philippines
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- Israel
- UAE
- Kuwait
- Qatar
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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