Endoscopy Devices Market: Endoscopy devices listed amidst top Medtech segments and global endoscopy devices market value is anticipated to be $15 billion by 2025
The 2019 published global endoscopy devices market analysis underpinned endoscopy devices market key trends and drivers-advancement in medical technology, growth in authorized physicians to perform endoscopies, an increased number of chronic diseases which require both interventional support and therapeutic approachform the forces shaping the future of the global endoscopy market growth.
In 2018, approximately 3,180 physicians were authorized to perform endoscopies in Brazil, South America.
Further, growing awareness for healthcare augmented with expansion of minimally invasive procedure with fewer post-operation complications are fuelling endoscopy device market value.
Strong acceptance of non-invasive surgical procedure significantly drives global endoscopy devices market size
Considering the ongoing acceptance of non-invasive surgical procedure across myriad hospitals and health personnel, global endoscopy device manufactures have been steadfastly working towards advancing existing endoscopic systems.
The KARL STORZ Inc. endoscopic system combines a reusable endoscope for duodenal endoscopy and bile duct treatment with an innovative lever mechanism and received the world-renowned Red Dot Award due to its outstanding quality of design and functionality.
Apollo Endosurgery Inc. focused on endoscopic suturing system which enables advanced endoscopic surgery by allowing physicians to place full-thickness sutures through a flexible endoscope.
Amsel Medical Corporation has announced FDA clearance for Amsel Endo occluder intended to be used during cardiac endoscopic procedures.
Gastrointestinal and bariatric endoscopic solutions largely drive the global endoscopy devices market by application
2018, statistics displays that about 22% of adult population in U.S has been diagnosed with a gastrointestinal condition, followed by 21% in EU-5, and up to 10% in China.
The most dominant GI applications include fistula closure, endoscopic submucosal dissections (ESDs), endoscopic mucosal resections (EMRs), and peroral endoscopic myotomy (POEM) procedures, and other emerging bariatric applications.
Global e-Endo Study Team (GEST) organized in line with the Consolidated Standards of Reporting Trials and the Declaration of Helsinki developed an e-learning system for improving the detection rate of EGC (Early Gastric Cancer) among endoscopists worldwide.
Gastrointestinal endoscopy interventions are expected to grow significantly and are reflected by rapid emergence of colon capsule endoscopy demand reaching around $75 million by 2022.
Hospitals lead among the end users of global endoscopy devices market
Hospitals end user segment is foreseen to significantly grow over 3.37% CAGR by 2025. Hospitals are increasingly investing in newest endoscopy medtech for patients needing endoscopic procedures with high quality nursing care and experienced health personnel, reflected by increase number of patients opting for painless, minimal invasive surgical procedures, and endoscopic diagnosis services largely drive global endoscopy devices market.
Partnerships among healthcare service providers and health clinics leverage global endoscopy device market outlook
Many healthcare service providers have even been joining hands to establish medical training centres, to deploy minimally invasive endoscopy facilities across the globe on a large scale.
Thailand-based medical facility provider, Samitivej Hospital, signed with Sano Hospital, a Japanese healthcare facility specializing in endoscopy.
EndoSim keenly focus on endoscopic training in context of usability, applicability, and continued technological and instructional advancements. Hallym University Sacred Heart Hospital have installed both LapSim and EndoSim at the Simulation Center.
Key players contributing to global endoscopy devices market growth