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2020
Endoscopy Devices Market

Endoscopy Devices Market

by Product Type (Endoscope, Mechanical Endoscopic Equipment, Visualization & Documentation Systems, Accessories, and Others), Hygiene (Single-use, Reprocessing, and Sterilization), Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, Gynecology Endoscopy, ENT Endoscopy, and Others), and End User (Hospitals, Ambulatory Surgery Centers & Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2027
Update Available On-Demand

Report Code: A01163
Pages: 481
Oct 2020 | 31232 Views
Author(s) : Surabhi P, Apoorva S , Onkar S
Tables: 212
Charts: NA
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COVID-19

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Endoscopy Devices Market Outlook - 2027

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

Endoscopy is a minimally invasive medical procedure that diagnoses, prevents, and treats complications associated with visceral organs. Endoscopes are used in this procedure to examine interior hollow organs or cavities in the body. These devices are either placed in 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 of endoscopes that help physicians or medical professionals (endoscopists) to analyze internal organs of interest. Endoscopy may be used to investigate symptoms in digestive system, including nausea, vomiting, abdominal pain, difficulty swallowing, and gastrointestinal bleeding. 

Endoscopy-Devices-Market-2019-2027

The endoscopy devices market is negatively impacted by the COVID-19 pandemic. According to the UK’s National Endoscopy Database (NED), an average of 35,478 endoscopy procedures were performed per week (by 3007 endoscopists; which means 12 procedures per endoscopist) in the pre-COVID period. In the transition week, this fell by one-third to 23,827 endoscopy procedures. Moreover, in the COVID-impacted period, only 12% of the pre-COVID volume of procedures were conducted (average 4315 per week) and it was at its low point by the end of March 2020, fewer than 1800 procedures per week. This analysis demonstrated remarkable impact that the pandemic has had on endoscopic services.

The major reason for decline in endoscopy procedures during the COVID-19 pandemic was decrease in patient volume in hospitals, owing to rescheduling and delaying of procedures for safety reasons. Moreover, these delays happened after careful review of patient history and if feasible, healthcare providers rescheduled endoscopic procedures to minimize risk of getting exposed to COVID-19 during hospital visits. All these factors are anticipated to impact the endoscopy devices market as well in the future.

The global endoscopy devices market is anticipated to experience significant growth during the forecast period, owing to technological advancements in endoscopes that can be used for early detection of diseases and rise in prevalence rate of diseases that require endoscopy devices. In addition, favorable FDA approvals & reimbursement policies pertaining to endoscopy devices in developed economies, surge in patient preference for minimally invasive surgeries, and shorter recovery time & minimal postoperative complications drive growth of the global endoscopy devices market. However, dearth of trained physicians & endoscopists and infections caused by few endoscopes restrict growth of the market. On the contrary, unmet medical demands in developing countries are expected to provide remunerative opportunities for market expansion.

Endoscopy Devices Market Segmentation

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. 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 others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Endoscopy Devices Market
By Product

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Endoscope segment holds the dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Product segment review

Depending on product, the global endoscopy devices market is divided into the endoscope, visualization & documentation systems, mechanical endoscopy equipment, accessories, and other endoscopy equipment. The endoscope segment was the major revenue contributor in 2019, and is anticipated to continue this trend during the forecast period. This is attributed to increase in chronic diseases, rise in ageing population, and surge in adoption of technologically advanced medical devices. 

Endoscopy Devices Market
By Application

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Laparoscopy segment is projected as one of the most lucrative segments.

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Application segment review

By application, it is classified into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, gynecology endoscopy, ENT endoscopy, and others. The laparoscopy segment is expected to grow at a highest CAGR during the forecast period. This is attributed to rise in use of laparoscopy devices routinely in diagnosis as well as in therapeutic procedures of various diseases such as prostatectomy, pancreatic cancer, and gastrointestinal disorders. In addition, rise in cases of morbid obesity at global level is the major factor that drives the endoscopy devices market growth. Moreover, the growth in bariatric surgeries performed globally to reduce weight enhances the market growth. 

Endoscopy Devices Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 6.4% during 2019-2027

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Region segment review

North America held the largest share of the global endoscopy devices market in 2019, owing to its well-established healthcare infrastructure, surge in adoption of advanced technology, increase in geriatric population, and rise in prevalence of gastrointestinal & abdominal diseases in the region. However, Asia-Pacific is expected to exhibit the highest CAGR during the forecast period, owing to growth in population, increase in prevalence of chronic diseases, and improvement in healthcare facilities. 

The market is highly competitive and prominent players in the market have adopted various strategies to increase their endoscopy devices market share. These include expansion of geographical presence through product launch, product development, product approval, and acquisition. Major players operating in the global endoscopy devices market include 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, and Medrobotics Corporation.

Key Market Benefits

  • This report provides a detailed quantitative analysis of the current endoscopy devices market trends and estimations from 2019 to 2027, which assist to identify the prevailing opportunities. 
  • An in-depth endoscopy devices market analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region wise and country wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2019 to 2027.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global market.

Key Market Segments

By Product

  • Endoscope
    • Rigid Endoscopes
      • Laparoscopes
      • Urology Endoscopes
      • Gynecology Endoscopes
      • Arthroscopes
      • Cystoscopes
      • Neuroendoscopes
      • Other Rigid Endoscopes
    • Flexible Endoscopes
      • GI Endoscopes
        • Gastroscopes
        • Colonoscopes
        • Sigmoidoscopes
        • Duodenoscopes
        • Others
      • ENT Endoscopes
        • Nasopharyngoscopes
        • Otoscope
        • Rhinoscopes
        • Laryngoscopes
        • Others
      • Bronchoscopes
      • Other Flexible Endoscopes
    • Capsule Endoscopes
    • Robot-Assisted Endoscope
  • 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
      • Others
  • Visualization & Documentation Systems
    • Light Sources
    • Camera Heads
    • Wireless Display & Monitors
    • Endoscopy Cameras
    • Carts
    • Digital Documentation Systems
    • Video Processors & Video Convertors
    • Transmitters & Receivers
    • Others
  • Accessories
    • Biopsy Valves
    • Overtubes
    • Mouth Pieces
    • Surgical Dissectors
    • Needle Holders & Needle Forceps
    • Cleaning Brushes
    • Light Cables
    • Others
  • Other Endoscopy Equipment
    • Insufflators
    • Endoscopy Fluid Management Systems
    • Other Electronic Endoscopy Equipment

By Hygiene

  • Single-use
  • Reprocessing
  • Sterilization

By Application

  • Bronchoscopy
  • Arthroscopy
  • Laparoscopy
  • Urology Endoscopy
  • Neuroendoscopy
  • Gastrointestinal Endoscopy
  • Gynecology Endoscopy
  • ENT Endoscopy
  • Others

By End User

  • Hospitals 
  • Ambulatory Surgery Centers & Clinics
  • Others

By Region

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

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The endoscopy devices market is expected to witness a healthy growth with the rise in demand for minimally invasive surgical procedures. The endoscopy devices market has pulled interest of the healthcare industry, owing to rise in number of endoscopy procedures and increase in use of these devices in emerging applications to diagnose and treat abnormalities of internal organs and cavities.

In addition, favorable FDA approvals & reimbursement policies pertaining to endoscopy devices in developed economies, surge in patient preference for minimally invasive surgeries, and shorter recovery time & minimal postoperative complications drive growth of the global endoscopy devices market. However, dearth of trained physicians & endoscopists and infections caused by few endoscopes restrict the growth of the market. On the contrary, unmet medical demands in developing countries are expected to provide remunerative opportunities for market expansion

Furthermore, the enhanced treatment options with high success rate, patient preference toward minimally invasive surgeries, and technological advancements are some major factors that drive growth of the global endoscopy devices market. However, stringent regulations, high cost of treatment, and low reimbursement policies hamper the market growth. Presently, flexible endoscopes and capsule endoscopes are the most preferred product type in the endoscopy devices market. 

Moreover, increase in awareness regarding technologically advanced devices and rise in knowledge about novel devices are expected to boost demand for endoscopy devices. Therefore, use of endoscopy devices is expected to increase in the future. In addition, use of capsule and robot assisted endoscopy devices is highest in the North America, specially the U.S., owing to increase in incidences of targeted diseases, higher government expenditure on healthcare, followed by Europe and Asia-Pacific.
 

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of Endoscopy devices market is $31.78 billion in 2019.

A. The forcast period for Endoscopy devices market is 2019 to 2027

A. The market value of Endoscopy devices market in 2027 is $43.82 billion.

A. The base year is 2019 in Endoscopy devices market

A. Top companies such as,Olympus Corporation, Boston Scientific Corporation, Karl Storz GmbH & Co. KG, Medtronic Plc, Stryker Corporation, HOYA Corporation, and FUJIFILM Holdings Corporation held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. In product type segment endoscope is the most influencing segment. This is attributed to increase in chronic diseases, rise in ageing population, and surge in adoption of technologically advanced medical devices.

A. The major factor that fuels the growth of the global Endoscopy devices market includes Increase in technological advancements, rise in prevalence of diseases that require endoscopy devices, growth in patient preference for minimally invasive surgeries, shorter recovery time, and minimal postoperative complications boost the market growth. In addition, favorable FDA approvals and reimbursement policies in developed economies further drive the market growth.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the emerging countries. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & ambulatory surgical centers equipped with advanced medical facilities.

A. Endoscopy is a minimally invasive medical procedure used for diagnosis, prevention, and treatment of complications in visceral organs.

A. 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.

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