An endoscopy is a procedure that allows physicians or surgeons to look interior parts of the organ. The technique is used for both diagnostic and therapeutic purpose. To perform endoscopy a specialized instrument is used named as endoscope. Various types of endoscopes and adoption of endoscope depends upon the affected body organ, for instance, bronchoscopes are used for lungs related problem, arthroscopes are preferred for problems associated with joints, and many others. Other instruments required during an endoscopic procedure includes biopsy forceps, cytology brush, flexible forceps, trocar sleeves, etc. For therapeutic purpose, the endoscopes are either attached or passed through surgical instruments to perform particular surgery. Endoscopic surgery is a type of minimally invasive surgery in which an endoscope is inserted in the body through small incisions to examine the internal organs.
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Rising prevalence of chronic diseases, advancing endoscopy technology, and increasing funding and reimbursement towards screening and treatment with endoscopic techniques are promoting the growth of the global endoscopy devices market. Additionally, increasing popularity of minimally invasive surgery is also creating a huge scope for the growth of market.
As per the study suggested by American Cancer Society, 90% colorectal cancer (CRC) cases are detected in individuals with over 50 years in the U.S and colonoscopy is the most effective and the most commonly adopted procedure for the diagnosis and screening of CRC in older population. Moreover, the increasing geriatric population across the globe has a direct impact on endoscopic devices market. As older adults are more vulnerable towards health issues such as ophthalmic diseases, gastrointestinal problems, orthopedic diseases, cancer, and many others due to lower immunity, which in turn, complicate the diagnostic and therapeutic options.
According to the WHO, it is estimated that the world’s population aged over 60 years will nearly double from by 2050. In the U.S, more specifically, more than 20% of the total population will be aged 65 years or over by 2030
However, on the other hand, infections and complications caused by endoscopy devices may hamper the market growth.
The global endoscopy device market is expected to grow at a CAGR of 6.3% during the forecast period 2017-2023.
Some of the key players in this market are Cogentix Medical, Integrate Endoscopy, J&J services Inc, Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Cognetix, Stryker, OLYMPUS, KARL STORZ Gmbh & Co. KG, FUJIFILM, PENTAX MEDICAL, and RICHARD WOLF.
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The global endoscopy device market is segmented on the basis of types, therapy, treatments & procedures, application, accessory & processors, and end user.
On the basis of type, it is segmented into flexible endoscopes, rigid endoscopes, capsule endoscopes, surgical endoscopes, and robot-assisted endoscopes.
On the basis of therapy, it is segmented into colonoscopy, gastroscopy, arthroscopy, laparoscopy, sigmoidoscopy, endoscopic retrograde cholangiopancreotography, ureteroscopy, and cystoscopy
On the basis of treatments & procedures, it is segmented into abdominal, gynecologic and pelvic organ conditions, joint and orthopedic conditions, lower gastrointestinal conditions, lung and airway conditions, upper gastrointestinal conditions, and urinary system conditions. Abdominal, gynecological, and pelvic organ conditions is further segmented into hernia repair, removal of the appendix, gallbladder, spleen, uterine fibroids, endometrial tissue, and ectopic pregnancy. Joint and orthopedic conditions is further segmented into repair of rotator cuff conditions, carpal tunnel syndrome, loose bone or cartilage, torn or damaged cartilage, tendons, and arthritis. Lower gastrointestinal conditions is further segmented into removal of colon polyps, and treatment of bleeding from the colon. Lung and airway conditions is further segmented into lung abscess, removal of a foreign object in the airway, and opening of a narrowed airway. Upper gastrointestinal conditions is further segmented into removal of polyps and foreign objects, widening of a narrowed esophagus, treatment of hypertensive lower esophageal sphincter, barrett’s esophagus, and esophageal cancer. Urinary system conditions is further segmented into kidney stones.
On the basis of applications, it is segmented into gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology endoscopy, bronchoscopy, mediastinoscopy, and otoscopy
On the basis of accessory & processors, it is segmented into accessory and processors
On the basis of technology, it is segmented into video and fiber
On the basis of end user, it is segmented into critical care, gastroenterologists, general and pediatric surgeons, obstetricians-gynecologists (ob/gyns), and orthopedic surgeons.
Detailed Table of Contents:
1 Report Prologue
2 Market Introduction
2.1 Introduction 23
2.2 Scope Of The Study 23
2.2.1 Research Objective 23
2.2.2 Assumptions 23
2.2.3 Limitations 24
2.3 Market Structure 24
3 Research Methodology
3.1.1 Primary Research Methodology 28
3.1.2 Secondary Research Methodology 29
3.1.3 Market Share Analysis 30
3.1.4 Trade Analysis 30
3.1.5 Market Pricing Approach 31
4 Market Dynamics
4.1 Introduction 32
4.2 Drivers 33
4.2.1 Rise In Prevalence Rate Of Diseases Demanding Endoscopy ( Impact Weightage – 35 %) 33
4.2.2 Development Of The Medical Devices Contract Manufacturing Industry (Impact Weightage – 20% ) 34
4.2.3 Technological Advancement In Endoscopy ( Impact Weightage – 30%) 35
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