The Endoscopy Operative Devices Market size was USD 28.35 billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to positive demand shocks for the endoscopy operative devices market across all domains and regions. Between 2023 and 2031, the market is projected to grow at a CAGR of 7.4%, from USD 30.82 billion in 2023 to USD 40.36 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.
The endoscopy operative devices market refers to the market for medical devices used in endoscopic procedures. Endoscopy is a medical procedure that uses a small camera, inserted through a thin, flexible tube, to visualize and diagnose various conditions within the body. Endoscopic devices include instruments used for visualization, cutting, grasping, biopsy, and other diagnostic and therapeutic procedures. The scope of the endoscopy operative devices market includes devices used in gastrointestinal endoscopy, bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, gynecology endoscopy, and other specialties. The market also includes devices used for minimally invasive surgery, which has become increasingly popular due to its many benefits over traditional open surgery, including smaller incisions, less scarring, and faster recovery times.
The endoscopy operative devices market has seen significant growth in recent years, driven by increasing demand for minimally invasive surgical procedures, advancements in endoscopic technology, and a growing prevalence of chronic diseases that require diagnostic and therapeutic endoscopy. The market includes a variety of products from numerous manufacturers, ranging from simple disposable instruments to complex robotic systems.
Increasing Prevalence of Chronic Diseases that Require Diagnostic and Therapeutic Endoscopy is Driving the Market Growth
Chronic diseases such as gastrointestinal disorders, respiratory diseases, and cancer are on the rise globally, leading to an increasing demand for endoscopic procedures. For example, gastrointestinal disorders such as inflammatory bowel disease (IBD), colorectal cancer, and gastroesophageal reflux disease (GERD) are becoming more common, leading to a greater need for gastrointestinal endoscopy procedures. Endoscopy is a minimally invasive technique that can be used for both diagnostic and therapeutic purposes. It allows doctors to visualize and diagnose conditions within the body without the need for traditional open surgery. In addition, endoscopy can be used to perform minimally invasive surgical procedures, which can lead to faster recovery times and fewer complications compared to traditional open surgery. As a result, endoscopy has become an increasingly popular option for both patients and healthcare providers.
The increasing prevalence of chronic diseases that require endoscopic procedures, combined with the benefits of minimally invasive surgery, is driving the growth of the endoscopy operative devices market. As the demand for endoscopic procedures continues to rise, so too will the demand for endoscopy operative devices.
One Trend in the Endoscopy Operative Devices Market is the Development of Advanced Endoscopic Technologies.
Robotic-assisted endoscopy is a relatively new technology that is being developed to improve the accuracy and precision of endoscopic procedures. It involves the use of robotic arms and advanced imaging technology to provide a more stable and controlled environment for endoscopic procedures. Robotic-assisted endoscopy can help reduce operator fatigue, improve accuracy, and increase the efficiency of endoscopic procedures.
AI-enabled endoscopy is another emerging trend in the endoscopy operative devices market. AI technology can be used to analyze and interpret endoscopic images in real-time, providing doctors with valuable insights and helping them make more informed decisions. AI can be used to identify abnormal tissue or lesions, predict the likelihood of complications, and even guide endoscopic procedures in real-time.
These advanced endoscopic technologies have the potential to significantly improve the accuracy, efficiency, and outcomes of endoscopic procedures. They are still in the early stages of development, but as they become more widely adopted, they are likely to drive further growth in the endoscopy operative devices market.
Market Restraining Factors:
One Potential Restraint for the Endoscopy Operative Devices Market is the High Cost Associated with these Devices.
Endoscopic devices are technologically advanced and require significant investments in research and development to improve their functionality and efficiency. Additionally, the manufacturing process for these devices can be complex and expensive. As a result, the final cost of the endoscopy operative devices can be high, which can limit their adoption and use, especially in developing countries or regions with limited healthcare budgets. Moreover, healthcare providers and patients may opt for alternative treatment options that are less expensive than endoscopic procedures, such as medication or open surgery. This can further limit the demand for endoscopy operative devices and slow down the growth of the market.
Furthermore, the lack of skilled healthcare professionals who are trained to use endoscopy operative devices effectively can also be a challenge for market growth. The successful use of these devices requires specialized training, which may not be widely available in some regions. As a result, healthcare providers may be reluctant to invest in these devices, as they may not have the expertise to use them effectively, leading to lower demand. Overall, the high cost of endoscopy operative devices and the lack of skilled healthcare professionals trained to use them effectively can be significant restraints for the growth of the endoscopy operative devices market.
Key Players Strategies in the Market:
- In September 2020, Johnson & Johnson announced the launch of its C-SATS platform, a digital platform that provides real-time feedback to healthcare providers on their endoscopic procedures. The C-SATS platform is designed to improve the quality and consistency of endoscopic procedures and reduce variability in patient outcomes.
- In May 2020, Karl Storz announced the launch of the OR1 NEO, a fully integrated operating room system that offers advanced visualization and imaging capabilities for endoscopic procedures. The OR1 NEO system is expected to improve efficiency and patient outcomes in endoscopic surgeries.
Endoscopy Operative Devices Market Players Analysis:
- Olympus Corporation
- Boston Scientific Corporation
- Medtronic plc
- Johnson & Johnson
- Stryker Corporation
- Karl Storz SE & Co. KG
- Fujifilm Holdings Corporation
- Cook Medical
- Conmed Corporation
- Smith & Nephew plc
- Richard Wolf GmbH
- B. Braun Melsungen AG
- Hoya Corporation
- Ethicon US, LLC (A Subsidiary of Johnson & Johnson)
- Pentax Medical (A Division of Hoya Corporation)
Endoscopy Operative Devices Market Players & Competitor Analysis:
The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2023-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Endoscopy Operative Devices Market Segmentation Analysis:
The segmentation of the endoscopy operative devices market by application refers to the categorization of the market based on the different types of endoscopic procedures performed in various medical specialties.
The gastrointestinal (GI) endoscopy segment includes procedures that involve the use of endoscopes to visualize and treat conditions in the digestive system, such as the esophagus, stomach, and intestines.
The laparoscopy segment includes procedures that use endoscopes to perform minimally invasive surgeries in the abdominal area, such as for gallbladder removal or appendectomy.
The obstetrics/gynecology endoscopy segment includes procedures that use endoscopes to diagnose and treat conditions in the female reproductive system, such as hysteroscopy or laparoscopy.
The arthroscopy segment includes procedures that use endoscopes to visualize and treat conditions in joints such as the knee, shoulder, and hip.
The urology endoscopy (cystoscopy) segment includes procedures that use endoscopes to visualize and treat conditions in the urinary system, such as the bladder and urethra.
The bronchoscopy and mediastinoscopy segments include procedures that use endoscopes to diagnose and treat conditions in the respiratory system, such as lung cancer or pulmonary fibrosis.
The otoscopy and laryngoscopy segments include procedures that use endoscopes to diagnose and treat conditions in the ear, nose, and throat (ENT) region.
The "Others" segment includes various other endoscopic procedures performed in different medical specialties, such as neuroendoscopy or ophthalmic endoscopy.
This segmentation helps to provide a comprehensive view of the endoscopy operative devices market and allows companies to identify and target specific segments based on their product offerings and capabilities.
The segmentation of the endoscopy operative devices market by product refers to the categorization of the market based on the different types of devices used during endoscopic procedures.
The energy systems segment includes devices such as electrosurgical units and laser systems, which are used to provide energy to endoscopic instruments and perform various types of tissue cutting, coagulation, and ablation.
The access devices segment includes devices such as trocars and cannulas, which are used to create openings or ports in the body to allow the insertion of endoscopic instruments.
The suction and irrigation systems segment includes devices that use suction or irrigation to remove fluids and debris during endoscopic procedures, and to maintain a clear view of the surgical site.
The hand instruments segment includes devices such as graspers, scissors, and forceps, which are used to manipulate tissues, cut, dissect, or remove specimens during endoscopic procedures.
The wound retractors segment includes devices that are used to retract tissue and provide access to the surgical site during endoscopic procedures.
The snares segment includes devices that are used to remove polyps or other tissue from the body during endoscopic procedures.
This segmentation helps to provide a comprehensive view of the different types of devices used in endoscopic procedures, and allows companies to identify and target specific segments based on their product offerings and capabilities.
North America is expected to have a significant share of the endoscopy operative devices market due to the high incidence of gastrointestinal diseases and the presence of advanced healthcare infrastructure in countries such as the United States and Canada. Additionally, the availability of skilled healthcare professionals and a growing geriatric population that is more susceptible to gastrointestinal diseases are likely to contribute to market growth.
Europe is also expected to have a significant share of the endoscopy operative devices market due to the increasing prevalence of gastrointestinal diseases and the growing demand for minimally invasive surgical procedures. Furthermore, the increasing adoption of advanced endoscopy operative devices and the presence of a well-established healthcare infrastructure are expected to boost market growth.
The Asia Pacific region is expected to grow rapidly due to the increasing incidence of gastrointestinal diseases and a large patient pool in countries such as India and China. Additionally, the growing adoption of advanced technologies and increasing healthcare spending by governments in these regions are expected to drive market growth.
Latin America and the Middle East and Africa regions are also expected to witness significant growth due to the increasing prevalence of gastrointestinal diseases and the improving healthcare infrastructure in these regions. However, limited healthcare budgets and the lack of skilled healthcare professionals may pose a challenge to market growth in these regions.
In summary, North America and Europe are expected to dominate the endoscopy operative devices market, while the Asia Pacific region is expected to witness significant growth in the coming years. The Latin America and Middle East and Africa regions are also expected to grow but may face some challenges due to limited healthcare budgets and a shortage of skilled healthcare professionals.
The report also helps in understanding Global Endoscopy Operative Devices Market dynamics, structure by analyzing the market segments, and project the Global Endoscopy Operative Devices Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Endoscopy Operative Devices Market make the report investor’s guide.
Global Endoscopy Operative Devices Market Regional Analysis:
North America accounted for the highest xx% market share in terms of revenue in the Endoscopy Operative Devices market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Endoscopy Operative Devices. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Endoscopy Operative Devices companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Endoscopy Operative Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
Endoscopy Operative Devices Market Report is also available for below Regions and Country Please Ask for that
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
Key Industry Developments:
- In February 2021, Olympus Corporation launched the EVIS X1 endoscopy system, which offers enhanced visualization and advanced therapeutic capabilities for improved clinical outcomes.
- In October 2020, Boston Scientific Corporation announced the launch of the EXALT Model D single-use duodenoscope, which is designed to improve patient safety and reduce the risk of infection associated with reusable endoscopes.
- In August 2020, Medtronic plc acquired Ai Biomed Corp., a company that specializes in the development of artificial intelligence (AI) technology for gastrointestinal endoscopy.
The report will cover the qualitative and quantitative data on the global endoscopy operative devices market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country and segments according to your requirements. We can also provide customize report in every industry vertical.
Report Scope and Segmentations:
Estimated Forecast Year
CAGR of 7.4% from 2023 to 2031
By Application, By Product, By Region
- Gastrointestinal (GI) Endoscopy
- Obstetrics/ Gynecology Endoscopy
- Urology Endoscopy (Cystoscopy)
- Energy Systems
- Access Devices
- Suction & Irrigation Systems
- Hand Instruments
- Wound Retractors
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Points Covered in the Report:
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase:
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Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the Endoscopy Operative Devices market strategies that are being adopted by leading respective organizations.
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Research Scope of Endoscopy Operative Devices Market:
- Historic year: 2018- 2021
- Base year: 2022
- Forecast: 2023 to 2031
- Representation of Market revenue in USD Million
Endoscopy Operative Devices Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: