Endoscopes Market

Global Market Study on Endoscopes: Innovative Robotic Endoscopy Systems Surging Market Growth

Endoscopes Market is segmented by Product that is Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Robot-assisted Endoscopes, also by its Usability that is Reusable, Disposable, and by its applications such as Gastrointestinal (GI) Endoscopy, Laparoscopy, Arthroscopy, ENT Endoscopy, Bronchoscopy, Mediastinoscopy.

  • April-2020
  • PMRREP31385
  • 232 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Introduction

Single-use endoscopes are projected to gain significant growth in the coming years. These endoscopes may eliminate the need for maintenance and reprocessing, and will be beneficial for procedures where a higher-level of infection control is required. Single-use endoscopes are cost-effective and provide more procedure-specific requirements.

Reusable endoscopes are not typically procedure-specific, while single-use endoscopes provide more specific options to overcome specific procedure needs. Therefore, manufacturers are focusing on the expansion of their product lines of single-use and disposable endoscopes.

For instance, in December 2019, Boston Scientific received FDA clearance for World's First Single-Use Duodenoscope, EXALT™ Model D Single-Use Duodenoscope, for use in endoscopic retrograde cholangiopancreatography (ERCP) procedures. All these factors bode well for the growth of the endoscopes market over the coming years.

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Companies

  • Medtronic Plc.
  • Olympus Corporation
  • KARL STORZ SE & Co. KG
  • Johnson & Johnson
  • Fujifilm Holdings Corporation
  • Richard Wolf GmbH
  • Braun Melsungen Ag
  • Stryker Corporation
  • PENTAX Medical
  • CONMED Corporation
  • Boston Scientific Corporation
  • Smith & Nephew PLC

Key Stakeholders Focusing on Introduction of New Robotic Endoscopy Systems

Robotic endoscopy is expected to witness high demand over the forecast period as excellent perioperative and long-term outcomes. Therefore, manufacturers are focusing on introducing new robotic surgery systems for different endoscopic procedures.

Intuitive Surgical is a dominating player in robotic surgery systems, with its da Vinci endoscope. Other players such as Auris Health Inc. and & Medrobotics Corporation are planning to expand their presence in the robotic endoscopy market.

For instance, in March 2018, Auris Health Inc. launched its robotic endoscopic technology called the Monarch Platform for bronchoscopy procedures. Moreover, small market players such as Otsuka Medical, AKTORmed GmbH, and Endocontrol Medical are also focusing on making their footprint strong in the global robot-assisted endoscopes market.

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Rising Prevalence of Gastrointestinal Diseases to Boost Demand for Endoscopes

The rising prevalence of gastrointestinal diseases and colorectal has resulted in a rise in endoscopy procedures for diagnosis and treatment purposes. According to the World Health Organizations (WHO), the incidence of gastrointestinal (GI) diseases complications and colorectal cancer is rising, worldwide, in elder patients.

According to the American Society of Clinical Oncology (ASCO), around 147,950 adults in the United States are expected to be diagnosed with colorectal cancer in 2020. Thus, for the diagnosis of cancer and tumors, doctors prefer endoscopes, due to the efficacy and safety of endoscopic procedures. This boosts the demand for endoscopes and propels the growth of the market.

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Growing Adoption of Endoscopic Procedures for Post-operative Benefits

In endoscopic procedures, treatment and diagnosis of diseases are done through small incisions in the body. Chances of developing an infection are less in endoscopic procedures as compared to conventional surgeries where large incisions are required and the chances of infection are higher.

Endoscopic procedures are cost-effective and reduce healthcare burden. These procedures have a low risk of complications and short procedure time; therefore, patients enjoy benefits of shorter hospital stay and less post-operative costs.

These factors have resulted in the growing adoption of endoscopic procedures, which is expected to propel the growth of the global endoscopes market.

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COVID-19's Impact on Endoscopes Market

The outbreak of COVID-19 has posed a challenge to the entire medical devices market. With governments prioritizing treatment for COVID-19 patients, all nonessential medical procedures and treatments have been postponed.

Furthermore, North America, being one among the severely affected nations due to the outbreak, has witnessed a shortage of manpower, resulting in limitations on production and trading. The practice of social distancing is an additional factor impacting the smooth workflow of the market.

However, endoscopy is considered essential in cardiovascular disease detection, and hence, endoscopy associated treatment is more likely to keep up its regular pace. As awareness regarding infection grows, medical bodies are advising precautions to health workers working on endoscopic procedures. Moreover, the demand for single-use endoscopes will increase on the back of awareness regarding the transmission of the infection.

global endoscopes market

Competitive Landscape of Endoscopes Market

The global endoscopes market is a highly fragmented space, with a huge number of manufacturers present in the global landscape.  Key players operating in the endoscopes market across the globe include Olympus Corporation, Karl Storz GmbH & Co. KG, FUJIFILM Holdings Corporation, Boston Scientific Corporation, Pentax Medical Company (Hoya Corporation), and Medtronic Plc. among others. 

Manufacturers are focusing on mergers, acquisitions, and partnerships to expand the product portfolio and increase revenue in different geographies. For instance, in April 2019, Johnson & Johnson completed the acquisition of Auris Health Inc., a robotic platform technology manufacturer. Through the acquisition of the Auris, the company expanded its footprint in the robotic bronchoscopy market.

Analysts’ Viewpoint

The research report on the endoscopes market provides recommendations, overview of market, and estimations of market growth over the next decade. Growing prevalence of gastrointestinal diseases and cancer, higher adoption of laparoscopic procedures, and introduction of advanced endoscopic products are responsible for the growth of the endoscopes market.

North America and Europe hold a substantial share in the global endoscopes market. Increasing advanced endoscopes product launches such as capsule endoscopes, robotic endoscopes, and single-use endoscopes will favor the growth of the global endoscopes market.

Key Segments of Endoscopes Market

PMR’s study on the endoscopes market offers information divided into five important segments - product, application, usability, end user, and region.

This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Application

  • Gastrointestinal (GI) Endoscopy
  • Laparoscopy
  • Arthroscopy
  • Obstetrics/Gynecology Endoscopy
  • Urology Endoscopy (Cystoscopy)
  • ENT Endoscopy
  • Bronchoscopy
  • Mediastinoscopy
  • Others

Usability

  • Reusable
  • Disposable

End User

  • Hospitals
  • Ambulatory Surgery Centers
  • Specialty Clinics

Product

  • Rigid Endoscopes
    • Laparoscopes
    • Cystoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Sigmoidoscopes
    • Laryngoscopes
    • Duodenoscopes
    • Rhinoscopes
    • Arthroscopes
    • Other Rigid Endoscopes
  • Flexible Endoscopes
    • Upper Gastrointestinal Endoscopes
      • Upper Gastrointestinal Videoscopes
      • Upper Gastrointestinal Fiberscopes
    • Colonoscopes
      • Video Colonoscopes
      • Fiber Colonoscopes
    • Bronchoscopes
      • Video Bronchoscopes
      • Fiber Bronchoscopes
    • Sigmoidoscopes
      • Video Sigmoidoscopes
      • Fiber Sigmoidoscopes
    • Laryngoscopes
      • Video Pharyngoscopes
      • Fiber Pharyngoscopes
    • Duodenoscopes
      • Video Duodenoscopes
      • Fiber Duodenoscopes
    • Nasopharyngoscopes
      • Video Nasopharyngoscopes
      • Fiber Nasopharyngoscopes
    • Rhinoscopes
      • Video Rhinoscopes
      • Fiber Rhinoscopes
    • Neuroendoscopes
    • Cystoscopes
      • Video Cystoscopes
      • Fiber Cystoscopes
    • Laparoscopes
      • Video Laparoscopes
      • Fiber Laparoscopes
    • Other Flexible Endoscopes
  • Capsule Endoscopes
    • Colon Capsules
    • Esophageal Capsules
    • Small Bowel Capsules
  • Robot-assisted Endoscopes

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in Report

  • How much is the endoscopes market worth?

    The endoscopes market is estimated to reach US$ 12.5 Bn in the year 2021.

  • What will be the demand outlook?

    The endoscopes market is slated to witness a CAGR of 6.5% between 2021 and 2031.

  • What was the last 5 year market CAGR?

    The endoscopes market witnessed a CAGR of 5.5% between 2015 and 2020.

  • What are the key trends of endoscopes market?

    The key trend pertains to increasing adoption of minimally invasive surgeries.

  • What is driving the demand for endoscopes?

    Growing prevalence of chronic ailments like diabetes, heart diseases, and cancer is driving the demand for endoscopes.

  • What is the market share of top 5 players?

    The top 5 players such as Olympus Corporation, PENTAX Medical, Ethicon US, LLC, FUJIFILM Holdings Corporation, and Stryker hold more than 55% of the market share.

  • What are the top 5 countries driving demand?

    The top 5 countries driving demand include the US, UK, Germany, Russia, and India.

  • What is North America’s market Outlook?

    North America holds more than 60% of the market share.

  • At what percentage endoscopes market is going to register growth in Europe?

    Europe is expected to register growth at the rate of 4% in the endoscopes market between 2021 and 2031.

  • Which countries are key producers of XYZ?

    The US is the key producer of endoscopes.

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