We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
Feather Safety Razor

Download Mobile App




Events

ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Endoscopy Devices Market Driven by Increasing Adoption of Minimally Invasive Procedures

By HospiMedica International staff writers
Posted on 14 Jul 2022
Print article
Image: Global endoscopy devices market was valued at over USD 31 billion in 2020 (Photo courtesy of Unsplash)
Image: Global endoscopy devices market was valued at over USD 31 billion in 2020 (Photo courtesy of Unsplash)

Endoscopy procedures are performed by inserting a rod shaped telescope and specialized instruments through small incisions in the body. These procedures can be diagnostic as well as operative, and are explored for various areas of surgery including gastrointestinal, urological, ENT, cardiovascular, and joint surgeries. These are minimally invasive procedures and provide various advantages over open surgeries such as reduced blood loss, reduced chances of infection, shorter hospital stay, and quick recovery. This has increased the adoption of endoscopy, especially in the field of oncology. The global endoscopy devices market was valued at USD 31.8 billion in 2020 and is projected to register a CAGR of 3.8% from 2021 to 2028.

These are the latest findings of Transparency Market Research (Wilmington, DE, USA), a global market intelligence company.

Endoscopy surgeries provide benefits to doctors as well as patients. Benefits for patients include lesser chances of infections, quick recovery, smaller surgery marks on body, and low cost; while benefits to doctors include reduced hospital stay and higher customer satisfaction. Operative endoscopy includes arthroscopy, laparoscopy, spinal endoscopies, and various other surgeries for sample biopsy, and cardiovascular surgeries. An endoscopy system comprises an endoscope, visualization system (which includes the camera, control unit, illumination devices, image processing devices, and display), and various specialized operative instruments (which include energy systems, internal closure devices, irrigation systems, and others). An endoscope that is rigid, finds applications in arthroscopy and laparoscopies and flexible endoscopes have applications in gastrointestinal, urology, and other systems where rigid endoscope may not reach. Modern endoscopes called videoscopes have a 'chip-on-tip', which deliver better image quality and are more durable.

Fiberoptic endoscopes are fragile and delicate, hence are damaged easily. This is a major driver of the videoscopes market, and the technology is expected to replace fiberoptic and rod-lens systems in the near future. Consistent technological advances have added new products to the market and expanded boundaries of the endoscopy devices market. Capsule endoscopes and robot-assisted endoscopes have revolutionized the endoscopy market. Capsule-shaped devices possess built-in camera unit and wireless transmission system, which delivers high quality images to external receiver, as these pass through the gastrointestinal tract. The device has made diagnosis of gastrointestinal tract more efficient as the capsule is able to deliver images of intestinal areas where flexible endoscope cannot reach.

Technological innovations in medical imaging devices have increased the scope of medical devices and consequently, the market’s customer base. Robotic-assisted endoscopic procedures have created a paradigm shift in the endoscopic devices market. Moreover, minimally invasive diagnostic and surgical procedures performed using robotic technology offer benefits such as lower blood loss, less scarring, reduced risk of infection, and faster return to normal life. Hence, an increase robotic-assisted endoscopic procedures is anticipated to boost market growth. The development of chromoendoscopy has added another dimension to the evolving endoscopy market. Three dimensional (3D) camera systems have improved the depth perception and reduced errors during surgery, which has brought down the overall surgery time.

In terms of device type, the global endoscopy devices market was dominated by the endoscopic operative devices segment in 2020 and the segment is expected to maintain its dominance during the forecast period. The demand for minimally invasive surgery has increased in the past few years, owing to its advantages over open surgeries. Geographically, North America dominated the global endoscopy devices market in terms of market share in 2020. The majority of leading players in the endoscopy devices market is based in the US and have a better understanding of the local market. Additionally, the ability of patients to afford expensive medical services has fueled the growth of the endoscopy devices market in North America. Moreover, rising obesity rate has led to an increase in the number of bariatric procedures performed in the US, a majority of which is carried out laparoscopically. Going forward, an increase in the incidence of cancer, aging population, and high rate of obesity is likely to propel the growth of the North American endoscopy devices market during the forecast period.

Related Links:
Transparency Market Research 


Print article
IIR Middle East

Channels

Critical Care

view channel
Image: Three dimensional measurement of the all-mesh thermistor (Photo courtesy of Shinshu University)

Ultraflexible, Gas-Permeable Thermistors to Pave Way for On-Skin Medical Sensors and Implantable Devices

On-skin medical sensors and wearable health devices are important health care tools that must be incredibly flexible and ultrathin so they can move with the human body. In addition, the technology has... Read more

Surgical Techniques

view channel
Image: Engineers have developed a process that enables soft robots to grow like plants (Photo courtesy of University of Minnesota)

Soft Robotic System Can Grow Like Plants to Allow Surgical Access to Hard-To-Reach Areas

Soft robotics is an emerging field where robots are made of soft, pliable materials as opposed to rigid ones. Soft growing robots can create new material and “grow” as they move. These machines could be... Read more

Patient Care

view channel
Image: The biomolecular film can be picked up with tweezers and placed onto a wound (Photo courtesy of TUM)

Biomolecular Wound Healing Film Adheres to Sensitive Tissue and Releases Active Ingredients

Conventional bandages may be very effective for treating smaller skin abrasions, but things get more difficult when it comes to soft-tissue injuries such as on the tongue or on sensitive surfaces like... Read more

Health IT

view channel
Image: Using digital data can improve health outcomes (Photo courtesy of Unsplash)

Electronic Health Records May Be Key to Improving Patient Care, Study Finds

When a patient gets transferred from a hospital to a nearby specialist or rehabilitation facility, it is often difficult for personnel at the new facility to access the patient’s electronic health records... Read more
Copyright © 2000-2022 Globetech Media. All rights reserved.