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Endoscopic Devices: Comprehensive Market Analysis

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Endoscopic Device Industry Statistics

The endoscopic equipment industry primarily focuses on manufacturing specialized medical devices used to examine internal body parts. Endoscopic device manufacturers also produce visualization systems, other endoscopy apparatus and accessories.

An endoscope is a slender tube typically containing a light source, lens, eyepiece and a channel. Endoscopes are either flexible or rigid. They can also be in a form of a capsule. Physicians generally use endoscopes to diagnose, monitor, and surgically treat various medical problems. Endoscopies are typically used to detect internal bleeding, to visualize polyps or tumors and to exam internal abnormalities. Endoscopy is a minimally invasive diagnostic procedure.

Endoscopic devices require approval by regulatory agencies. The Federal Drugs Administration (FDA) regulates endoscopic instruments in the USA and European Medical Association (EMA) performs a similar function in Europe. Ethicon Inc, Olympus Corporation, Fujifilm Holding Corporation and Boston Scientific Corporation are major players in the endoscopic apparatus market.

Key Market Segments

Endoscopes are differentiated according to which body part is to be examined; for example there are colonoscopes for large intestines, laparoscopes for the abdomen and pelvis, and arthroscopes for joints. The dominant types of endoscopic equipment by application include–

Laparoscopes – These specialized instruments provide images of the abdominal or pelvic cavity. Laparoscopy can diagnose a wide range of abdominal and pelvic conditions. They can also be used for surgical procedures including biopsies and the removal of diseased organ parts. Laparoscopic surgery is commonly referred as keyhole or minimally invasive surgery.

Gastrointestinal endoscopes – These devices investigate the inner lining of the gastrointestinal (GI) tract. GI endoscopy is referred to by several names depending on the part of the digestive tract being examined. Inspection of the large intestine is called colonoscopy, visualization of the small intestine is termed enteroscopy. These procedures can diagnose or help in the treatment of several GI conditions such as ulcers, celiac disease, Crohn's disease and GI cancers.

Urology endoscopes – These endoscopes enable viewing of the urinary tract including the bladder, ureters, and kidneys. Types of urology endoscopes include cystoscopes for urinary bladder and ureteroscopes for urinary tract. Diagnosis of kidney stones, ureteral strictures and tumors are among the applications of urology endoscopes.

Arthroscopes – These apparatuses are used for the visual examination, diagnosis, and treatment of the interior of a joint. Arthroscopy can be performed on knees, ankles, shoulders, elbows, wrists and hips. These procedures usually diagnose joint problems such as arthritis and frozen shoulder.

Regional Market Shares

Widespread adoption of minimally invasive surgeries, population ageing and a growing prevalence of chronic diseases are driving the global demand for endoscopic devices. The market is expected to pass $30 billion within a few years. North America, Europe and Asia are the dominant regional markets for the global endoscopic devices industry.

North America is the largest market for endoscopic equipment, worth about 45% of the global market. The North American market is dominated by the USA. A favorable reimbursement scenario in the USA, the increasing incidence of cancer and other chronic diseases, and the implementation of a new funding model for Canadian hospitals will drive the North American market in the near future.

Government funding highly influences the overall European medical equipment market, including that for endoscopes.  Cost containment strategies adopted by European governments recently resulted in slow growth of the endoscopic devices market in Europe. An increasing incidence of chronic diseases, however, has driven the market. The market value of one of the key endoscopic device segments, GI endoscopes, will likely exceed $4 billion in the foreseeable future.

Asia’s endoscopic devices market grew rapidly in recent years at a compound annual growth rate of about 10%. Growth is expected to continue at a similar rate in the foreseeable future. Japan, China and India are the key markets in this region. High growth can be attributed to high government and venture capital investments in the field of endoscopy, especially in India and China. Increasing demand for these procedures in Asian countries will also drive the market.

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