Product Code: RP-ID-10086113 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10086113
Market Overview:
Global Endoscopy Devices Market - Analysis By Type (Rigid, Flexible, Capsule), Application (Arthroscopy, Bronchoscopy, Colonoscopy, Laparoscopy, GI Endoscopy, Others), By End User (Hospital, Clinic), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (N. America, Europe, APAC, ROW), By Country (U.S, Canada, Germany, U.K, Japan, China, India, Brazil) Outlook 2022-2030
"The global market size of endoscopic equipment/devices in 2021 is estimated to be ~USD 40 billion and it is expected to grow at a compound annual growth rate (CAGR) of ~8% from 2022 to 2030. Population is a key factor driving the demand for endoscopes. The market is also driven by the increasing prevalence of gastrointestinal, urological, gynecological and respiratory diseases, which require endoscopic procedures for diagnosis and treatment. The increasing adoption of endoscopes and observation systems in the healthcare environment, as well as technological advancements, are driving growth. The significant increase in the prevalence of age-related diseases and the increasing demand for endoscopic equipment in diagnostic and therapeutic procedures are factors driving market development. The use of this type of device in the diagnosis and treatment of many diseases is essential because it allows minimal intervention and thus shortens recovery time. It is well known that the elderly are prone to diseases that require endoscopic surgery, such as intestinal perforation, gallstones, pelvic abscess, endometriosis, and liver abscess. According to a study by the Population Reference Bureau, the U.S. population aged 65 and over was estimated to be 52 million in 2018, and it is expected to exceed 95 million by 2060. This is expected to increase the demand for endoscopic surgery.
The adoption of minimally invasive surgery has prompted the use of various endoscopes in surgical operations, such as arthroscopy, laparoscope, bronchoscope and cystoscope. Compared with open surgery, these operations can make the patient recover faster and with less trauma. Therefore, minimally invasive surgery is more popular than open/invasive surgery, so the demand for minimally invasive endoscopic equipment may increase in the next few years. The shift to minimally invasive surgery can also be attributed to higher patient satisfaction, economic feasibility, relatively short hospital stay, and reduced postoperative complications. Therefore, the demand for minimally invasive endoscopic surgery is expected to increase in the next few years. The increase in the prevalence of cancer and obesity and the introduction of bariatric endoscopic surgery due to the increasing trend of preventive medical care are key factors. Contribute to the development of this market.
According to estimates by the International Agency for Research on Cancer, in 2018, the global cancer burden is estimated to reach 18.1 million new cases, and 9.6 million cancer-related deaths are expected. By 2034, the cancer burden is expected to increase to 22 million. Breast cancer, lung cancer, colorectal cancer and female cancer are the five cancers with the highest mortality rates.
Endoscopic surgery such as laryngoscopy, colonoscopy, and upper gastrointestinal endoscopy is used to diagnose cancer, which is also expected to increase the demand for endoscopic equipment. Various initiatives to increase awareness of early cancer diagnosis have also promoted the demand for cancer screening procedures, which has had a positive impact on the market.
PRODUCT INFORMATION:
In 2020, endoscopic observation systems accounted for the largest share of revenue. This can be attributed to the increasing preference of high-definition display systems by medical professionals because they can help diagnose and treat complex diseases such as cancer, gastrointestinal diseases, lung diseases and urinary system diseases, as well as minimally invasive procedures during surgery.
Manufacturers that provide medical professionals with high-definition display systems that can switch images from 2D to 3D have also had a positive impact on the market. The endoscopy division is expected to grow at a CAGR of 8.8% during the forecast period. Flexible endoscopes accounted for the largest share of revenue in 2018, as people increasingly prefer better ergonomics, safety and efficiency compared to rigid endoscopes.
Manufacturers are paying more and more attention to providing training on the best use of advanced flexible endoscopes, which is expected to have a positive impact on the market. Endoscope display components have grown significantly in the global endoscope equipment market, among which the revenue of high-definition displays in 2018 highest. Technological improvements, such as cameras with optical zoom, which can adjust magnification without affecting image resolution, and increased investment in the public and private sectors are the main factors driving market growth.
APPLICATION INSIGHT:
In 2020, gastrointestinal endoscopy was the largest application field, accounting for 50% of revenue. The increasing burden of gastrointestinal diseases and the growing elderly population are driving the demand for gastrointestinal endoscopy. Gastrointestinal tumors are the second leading cause of cancer-related deaths worldwide. Endoscopy has proven to be the gold standard for diagnosing gastrointestinal cancer.
Therefore, the increase in endoscopic surgery for early diagnosis of gastrointestinal cancer is expected to provide considerable income opportunities in the market. Urinary endoscopy, also called cystoscopy, is expected to grow at the fastest rate of 8% in the prognosis period. More and more factors, such as the general elderly population, the prevalence of urinary system diseases, and the number of ureteroscopy interventions performed, have further promoted the demand for these endoscopic devices.
According to a report released by the American Cancer Society in 2019, an estimated 80,470 people in the United States are diagnosed with bladder cancer each year. It is estimated that 17,670 people will die from bladder cancer in 2019. Therefore, the demand for endoscopes in urology surgery is expected to increase in the next few years, in addition to the introduction of advanced endoscopy technologies in urology, such as robot-assisted endoscopes or endoscopes . One-time. Is one of the main factors driving market development. In addition, the FDAs ongoing urinary endoscope product approvals, such as the disposable cystoscope called Uro-V from UroViu, are expected to drive market development.
END USER INFORMATION:
In 2020, hospitals became the largest end-user group. Since hospitals are the main health system in most countries, the number of endoscopic surgeries performed in hospitals is relatively higher than in other health systems, such as outpatient surgery centers (ASC) or specialist clinics. Therefore, the demand for endoscopic equipment in hospitals is relatively higher than in other end-use fields. Due to the above factors, the hospital is expected to maintain its dominant position.
Regional information:
In 2020, North America accounted for the main income share due to the high prevalence of diseases such as bladder cancer and colon cancer, increased preference for minimally invasive surgery, and an increase in the elderly population. In addition, the increasing use of robot-assisted endoscopes for diagnosis and surgery has further promoted the growth of the market. The United States accounts for the largest share of North American revenue. Due to the increasing prevalence of colorectal cancer, the demand for laparoscopy and colonoscopy in the United States continues to grow, which can be attributed to the country’s main income share.
According to a report by the American Cancer Society, colorectal cancer is the third most commonly diagnosed cancer, with 101,420 new cases expected in 2019. In addition, the increased awareness of the benefits of endoscopy and the strong presence of national manufacturers have also helped to improve the region. The Asia-Pacific region is expected to be the most profitable region, with the highest compound annual growth rate during the forecast period of 9%. The growing economies of India and China are expected to make a significant contribution to the region. This can be attributed to the substantial economic growth, the increase in cancer prevalence, the improvement of medical infrastructure, and the increase in demand for advanced diagnostic therapies.
Major companies and market share prospects: Olympus accounts for approximately 70% of GI endoscope revenue share. Mergers and acquisitions, high R&D investments, and new product development or modification are key strategies used by participants to gain a competitive advantage. Some of the major players in the endoscopy equipment market include: Olympus Corporation Fujifilm Holdings Corporation Ethicon Endo-Surgery, LLC Stryker Corporation Richard Wolf GmbH Boston Scientific Corporation Karl Storz.
Market segments covered by the report:
The report forecasts global, regional, and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research will report on the global endoscopy equipment market based on products, applications, end-uses, and regions: Outlook products (revenue, USD million, 2022-2030) Endoscopes Rigid Endoscopes Laparoscopes Arthroscopes Urology Endoscopes Cystoscopes Gynecology Endoscopes Rigido Endoscopes Onecology Endoscopes Rigidoendoscopes Onecology Endoscopes Neuroendoscopes Olexible Endoscopes Flexible flexible endoscope Endoscopes Upper gastrointestinal Endoscopes Colonoscopes Bronchoscopes Sigmoidoscopes Laryngoscopes Pharyngoscopes Duodenoscopes Nasopharyngoscopes Rhinoscopes Other EndoscopesCapsule EndoscopesDisposable 3D EndoscopesEndoscopy system standard auxiliary visualization system definition (HD) system 3D visualization system relating 2D ultrasound endoscope apparatus visualization component camera HD monitor blow suction pump light source Video processor surgical equipment energy system access equipment suction and irrigation system hand instruments wound retractor snare application outlook 2022-2030 (revenue, 2022-2030 endoscopy) (revenue 2 billion US dollars) cystoscopy) laparoscopy Obstetrics and Gynecology, Endoscopy, Arthroscopy, Bronchoscopy, Mediastinoscopy, Otoscope, Laryngoscopy, Other end uses, Outlook (Revenue, USD million, 2022-2030) Other end uses for hospital outpatient surgery centers."
Allergan, Pfizer, Novartis, Aerie Pharmaceuticals, Ocular Therapeutix, Teva Pharmaceuticals
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