Endoscopy Devices Market, Size, Share Outlook and Opportunities 2019-2025
- Published: May-2019
- OG Analysis
Global Endoscopy Devices market Size, outlook and opportunities to 2025: By Type (Endoscopic Systems, Visualization Systems, Instruments and Accessories and others), By Application (General Surgery, Cardiac Endoscopes, Genecology Endoscopes, Urologic Endoscopes, Bariatric Endoscopes, Neurology Endoscopes , Orthopaedic Endoscopes and others), By End-User (Hospitals, Clinical Centres)and By Region.
Global Endoscopy Devices market is forecast to reach $15 Billion by 2025 with new wave of endoscopic therapeutic and diagnostic technologies
“OG Analysis” statistical and elaborative research on “Global Endoscopy Devices Market Outlook and Opportunities, 2019- 2025” presents detailed insights into healthcare technologies and opportunities, medicaid programs, demographic headwinds, and untapped potential of predominant as well as emerging healthcare clinical and non-clinical services.
The global endoscopy device market is forecast to register a CAGR of 4.08% during the forecast period 2019-2025, largely driven by increased focus on value-based health care services, medical technological advancements and launch of innovative endoscopy systems both for surgical procedures and interventional services.
Global Endoscopy Devices market definition and scope
The research covers Endoscopy techniques include enteroscopy, sigmoidoscopy, otoscopy, colonoscopy, laparoscopy, and others. Endoscopic visualization systems examine numerous parts of the body including the gastrointestinal tract, respiratory tract, urinary tract, reproductive tract and other closed body cavities.
Global endoscopy devices market is segmented into types, applications, end user segments and geographies. In terms of types, endoscopy devices is classified into –
- Endoscopic systems (further segmented as Rigid Endoscope, Flexible Endoscope, Capsule Endoscopes)
- Visualization systems (further segmented as Endoscopy Cameras, Displays and Monitors, Video Convertors, Video Recorders, Video Processors, Camera Heads, Light Sources, Printers)
- Instruments and Accessories (Insufflators, Irrigation Systems, Endoscope Tip Protector, Tubing, Water Systems, Procedure, Forceps, Injection Needle, Others)
The global endoscopy devices market is also analyzed across distinctive medial applications not excluding general surgery, cardiac endoscopes, gynaecology endoscopes, urologic endoscopes, bariatric endoscopes, neurology endoscopes, orthopaedic endoscopes and others.
The report also analyzes the endoscopic devices market across various applications including Hospitals, Clinical Centres and Others.
Global Endoscopy Devices Market Trends
The report analyzes the current market conditions and predicts key trends set to drive the global endoscopy market demand outlook in the near term and long term future. Some of the market trends identified in the report include-
- Global endoscopy device market is valued at $11.4 billion in 2018 and will register 4.08% growth between 2019 and 2025.
- Capsule Endoscopes will be the main focus of endoscopy device companies as the segment is likely to register 9.3% growth to 2025
- Visualization systems will witness maximum growth in endoscopy devices with Endoscopy Cameras, Displays and Monitors accounting for 44% market share
- Endoscope Tip Protector, Tubing, Water Systems, Procedure and Forceps will be the fastest growing Instruments and Accessories
- Gastrointestinal Endoscopes will dominate the global flexible endoscopy market
- The US remains the single largest market for endoscopy devices market size, accounting for 30% market share
- Leading companies strategize South and Central America as the new investment hub as the region remains fastest growing endoscopy devices market worldwide
- Olympus Corporation and Karl Storz GmbH stood the market leaders in global endoscopy devices industry
Global Endoscopy Devices Market Drivers and Challenges
Technological advancements and launch of innovative products will boost the market growth, primarily new device developments in visualization endoscopic devices.
High prevalence and incidence rates of high-risk health issues including cancer, cardiovascular problems, gastrointestinal and bariatric issues, obesity, and others tend to rise in endoscopy treatments.
Further, the ongoing trend towards minimal and non–invasive surgical procedures along with less hospitalization periods and quick recovery drives will fuel endoscopy devices market growth.
Rise in indigestion related issues prominently among surging geriatric population coupled with changing food habits and lifestyles among millennial are driving GI endoscopic device market.
Challenges of global endoscopy devices market
Intense competition among the key players augmented with lack of funding for small players for R&D activities are key challenges being faced by global endoscopy devices market.
In addition, high procurement costs of equipment and maintenance of visualization systems summoned with the unavailability of experienced staff and technicians are restraining the market growth of endoscopy devices across healthcare providers.
Further, high cost incurred for endoscopy treatment also hinders the growth of global endoscopy devices market, more prominently in developing regions. However, the ongoing trend of approving medical insurance for endoscopy treatments in some countries tends to boost the market share.
Global Endoscopy Devices market segmentation
Based on type, endoscopic systems dominate the market share of endoscopy devices market with a market value of $ 5,119 million in 2019. Factors such as ease of operation, removal of unwanted toxic tissues and growing demand for minimally invasive surgeries, and recovery of patients at faster rates are driving the market growth.
The risks and complications associated with the regular surgery when compared with the endoscopy surgeries are driving the market demand. However, internal bleeding and persistent pain in the area of endoscopy are key challenges that are restraining the market growth of endoscopic systems.
Visualization systems are expected to grow at a CAGR of 5.76% from 2019 to 2025. The factors such as ease of visualization of internal organs and tissues of humans, treatment of large biliary stones, and others estimated to drive the demand for visualization systems. Nevertheless, the high cost incurred in repair and maintenance of visualization systems is restraining the market growth.
Further, the endoscopy devices market is segmented into instruments & accessories, and other types.
In addition, the market is segmented based on different endoscopy applications ranging from general surgery, cardiac, gynaecology, urologic, bariatric, neurology to orthopaedic endoscopes. Of these, cardiovascular endoscopy and therapeutic endoscopy in gastroenterology are among the dominating application segment of the global endoscopy device market.
Among hospitals, clinics and other non-clinical application segments, endoscopic device market demand from clinics segment is expected to be the fastest growing sector, driven by less observation period required by the patients and increased focus of companies in this sector.
Hospitals lead among the end users of endoscopy devices and are projected to grow at a significant rate by 2025 due to increase in a number of patients depending on interventional support and surgical procedures related to endoscopy devices.
Global Endoscopy Devices market regional analysis
The endoscopy devices market is analyzed across 22 developed and developing countries including the US, Canada, Mexico, the UK, Germany, France, Spain, Italy, China, India, Japan, South Korea, Australia, Brazil, Argentina, Saudi Arabia, the UAE, Rest of Europe, Rest of Asia Pacific, Rest of South Central America, Rest of Middle East Africa.
North America Endoscopy Devices market outlook and growth opportunities
Patient preferences towards minimally invasive surgeries coupled with increase in incidence rate of heart diseases, dyspepsia, gastric cancer, and cerebrovascular diseases drive the adoption of endoscopy devices in North America.
Flexible cardiovascular fibre-optic endoscope has been developed by NIH, U.S for the preoperative and intra-operative diagnoses of various heart diseases including percutaneous coronary intervention. (Heart disease is currently the leading cause of death in the United States, accounting for 23 % of all deaths in the forecast period).
Europe Endoscopy Devices market outlook and growth opportunities
European healthcare market comprises thousands of care providers and support services across dozens of specialties in endoscopic therapeutic and diagnostic technologies. The region is expected to surpass $400 billion in terms of healthcare spending.
Rise in prevalence of baby boomer generation with high risk of targeted diseases coupled with awareness of novel endoscopy devices, and patient preference for the minimally invasive procedures propel the market growth across European region.
Asia Pacific Endoscopy Devices market outlook and growth opportunities
Endoscopy devices market in Asia Pacific region is rapidly emerging and is largely driven by increasing total health expenditure as a percentage of GDP.
Japan is the major shareholder in Asia-Pacific, accounting for around half of the market share of the Asia-Pacific endoscopy devices market.
Presence of major key players such as Olympus Medical Corporation, Hoya Corporation, and others producing endoscopy devices in this region could incur growth opportunities for the market.
Collaborations and Partnerships remain the core strategies of leading players
Collaborations with research institutions, new product launches, and investments in R&D are some of the major strategies committed by medical organizations for success in highly competitive therapeutic targets.
Apollo Endosurgery entered an agreement with Slater Endoscopy, LLC to distribute the cold Ensizor Flexible Endoscopic Scissors in the US, Europe and other markets.
Gastrointestinal endoscopy techniques that can help in the removal early-stage tissues of esophageal, colorectal, and gastric cancers are progressively being developed.
Medrobotics Corp announced its first sale of Flex Robotic System for gastroenterology applications in Europe.
Samitivej Hospital, Thailand-based medical facility provider partnered with Sano Hospital, a Japanese healthcare facility specializing in endoscopy.
Key players operating in the global endoscopy device market
- Olympus Corporation
- Karl Storz GmbH & Co KG.
- B. Braun Melsungen AG
- Stryker Corporation
- Boston Scientific Corporation
- Ethicon, Inc. (Johnson & Johnson)
- Fujifilm Holding Corporation
- Medtronic PLC
- PENTAX Medical (Hoya Corporation)
- Smith & Nephew PLC
- TABLE OF CONTENTS
- Executive Summary
- Market Definition and Scope
- Market Segmentation
- Forecast Methodology
- Endoscopy Devices Market Insights
- Short Term and Long Term Trends Shaping the Business Growth
- Drivers and Restraints
- Five Forces Analysis
- Opportunity Analysis of Endoscopy Devices
- Country- to- Country Benchmarking
- Markets with Highest Investment Potential
- Patent Analysis
- Growth strategies in Developed Markets
5. Endoscopy Device Market Analysis and Outlook – By TYPE
5.1 Endoscopic Systems
5.1.1 Rigid Endoscopes
5.1.2 Flexible Endoscope
5.1.3 Capsule Endoscopes
188.8.131.52 Workstations and Data Recorders
5. 2 Visualization Systems
5.2.1 Endoscopy Cameras
5.2.2 Displays and Monitors
5.2.3 Video Convertors
5.2.4 Video Recorders
5.2.5 Video Processors
5.2.6 Camera Heads
5.2.7 Light Sources
5.3 Instruments and Accessories
5.3.1 Endoscopy Insufflator
5.3.2 Endoscopy Irrigation Pump
5.3.3 Endoscope Tip Protector, Tubing, Water Systems
5.3.6 Injection Needle
6. Endoscopy Device Market Analysis and Outlook – By APPLICATION
6.1 General Surgery
6.2 Cardiac Endoscopes
6.3 Genecology Endoscopes
6.4 Urologic Endoscopes
6.5 Bariatric Endoscopes
6.6 Neurology Endoscopes
6.7 Orthopaedic Endoscopes
7. Endoscopy Device Market Analysis and Outlook – By END USER
7.2 Clinical Centres
8. Global Endoscope Devices Market Analysis and Outlook– By COUNTRY
8.1 North America
8.1.1 North America Endoscopy Devices Market by Type
8.1.2 North America Endoscopy Devices Market by Application
8.1.3 North America Endoscopy Devices Market by End User
8.1.3 United States
8.2.1 Europe Endoscopy Devices Market by Type
8.2.2 Europe Endoscopy Devices Market by Application
8.2.3 Europe Endoscopy Devices Market by End User
8.2.3 United Kingdom
8.2.8 Rest of Europe
8.3.1 Asia-Pacific Endoscopy Devices Market by Type
8.3.2 Asia-Pacific Endoscopy Devices Market by Application
8.3.3 Asia-Pacific Endoscopy Devices Market by End User
8.3.7 South Korea
8.3.7 Rest of Asia Pacific
8.4 South and Central America
8.4.1 South and Central America Endoscopy Devices Market by Type
8.4.2 South and Central America Endoscopy Devices Market by Application
8.4.3 South and Central America Endoscopy Devices Market by End User
8.4.5 Rest of South and Central America
8.5 Middle East and Africa
8.5.1 Middle East and Africa Endoscopy Devices Market by Type
8.5.2 Middle East and Africa Endoscopy Devices Market by Application
8.5.2 Middle East and Africa Endoscopy Devices Market by End User
8.5.3 Middle East
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle East
18.104.22.168 South Africa
22.214.171.124 Rest of Africa
9. Competitive Landscape
9.1 Key Strategies Adopted by Major Companies
9.2 Company Share Analysis
10. Company Profiles
10.1 Olympus Corporation
10.1.1 Company Snapshot
10.1.3 Key Financial Ratios
10.1.4 SWOT Analysis
10.1.5 Recent Developments
10.2 Karl Storz GmbH & Co KG.
10.3 B. Braun Melsungen AG
10.4 Stryker Corporation
10.5 Boston Scientific Corporation
10.6 Ethicon, Inc. (Johnson & Johnson)
10.7 Fujifilm Holding Corporation
10.8 Medtronic PLC
10.9 PENTAX Medical (Hoya Corporation)
10.10 Smith & Nephew PLC
11.1 Publisher’s Expertise
11.2 Our Products and Offerings
11.3 Contact Information
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