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

Download Mobile App




Global Endoscopy Devices Market Driven by Increasing Adoption of Endoscopes in Surgical Procedures

By HospiMedica International staff writers
Posted on 11 Aug 2023
Print article
Image: The endoscopy devices market is projected to reach USD 64.15 billion by 2030 (Photo courtesy of Freepik)
Image: The endoscopy devices market is projected to reach USD 64.15 billion by 2030 (Photo courtesy of Freepik)

Endoscopy, a medical procedure for internal examination, involves utilizing endoscopes – long, thin tubes – that are inserted directly into the body to visualize internal organs or tissues with high precision. In addition to visualization, endoscopy offers other functions like imaging and small surgery. A cutting tool is fixed to the end of the endoscope, which is then linked to the apparatus used to execute the procedure. The endoscope's tip may feature additional components like a camera or light source, assisting medical professionals (endoscopists) in examining internal organs of interest during examinations.

Endoscopes are used to perform procedures on particularly vulnerable patients such as the elderly and for treating serious diseases like cancer. Endoscopic devices have a wide range of uses in various surgical fields like gastroenterology, pulmonology, and orthopedic surgery. The global demand for endoscopic equipment in diagnostics and therapies has increased sharply, especially in developing nations. This trend has propelled the rapid growth of the global endoscopy devices market, which is projected to reach USD 64.15 billion by 2030 from USD 36.54 billion in 2021, growing at a CAGR of 7.3% from 2023 to 2030.

The market growth will be fueled by the growing need for endoscopic equipment in both diagnostic and therapeutic applications. Surgical procedures like arthroscopy and laparoscopy, which involve minimal intervention, will boost the adoption of endoscopic devices. Patients prefer minimally invasive treatments due to their benefits like shorter recovery times, enhanced economic viability, and reduced hospital stays, thus driving the shift towards these procedures. Furthermore, factors such as rising cancer and obesity rates, the development of endoscopic bariatric surgeries, early cancer detection awareness campaigns, and rising demand for cancer screening are further driving market growth. Endoscopic procedures, such as laryngoscopy, colonoscopy, and upper endoscopy, are used to diagnose cancer, and the need for endoscopic equipment is likely to rise as a result of an increase in demand for such procedures.

These are the latest findings of Verified Market Research (Lewes, DE, USA), a provider of business intelligence and market research studies.

Based on type, the endoscopes segment is expected to register the highest CAGR during the forecast period owing to the increasing preference for flexible endoscopes as a result of better ergonomics, safety, and efficacy compared to rigid endoscopes. The increased focus of manufacturers on providing training for the optimal use of excellent flexible endoscopes is also expected to positively impact market growth. Based on application, the gastroenterology segment is expected to register the highest CAGR during the forecast period. An increase in the overall geriatric population, the incidence of urinary disorders, and a number of ureteroscopic interventions being performed have further boosted the demand for endoscopy devices. In addition, the use of advanced endoscopic techniques in urology, such as robot-assisted endoscopes or disposable endoscopes, is among the key factors driving market growth.

Geographically, North America accounted for the major share of the global endoscopy devices market in 2019 and is expected to maintain its dominance during the forecast period. The growth of the North American endoscopy devices market can be attributed to a rise in the prevalence of chronic diseases linked to the growing geriatric population, a high adoption rate of technologically superior endoscopy devices, and growing awareness about the benefits of endoscopy interventions in the region. Asia Pacific is anticipated to be the most lucrative market for endoscopy devices during the forecast period, driven mainly by the growing economies of India and China, the rising prevalence of cancer, fast-developing healthcare infrastructure, and the increasing demand for advanced diagnostic therapies in the region.

Related Links:
Verified Market Research

Gold Member
Solid State Kv/Dose Multi-Sensor
AGMS-DM+
Gold Member
STI Test
Vivalytic Sexually Transmitted Infection (STI) Array
Silver Member
Wireless Mobile ECG Recorder
NR-1207-3/NR-1207-E
New
Intraventricular Neuroendosopic System
MINOP

Print article
Detecto

Channels

Critical Care

view channel
Image: Vascular flow modeling exemplar; intracranial aneurysm flow, treatment and thrombosis (Photo courtesy of University of Leeds)

Faster, More Accurate Blood Flow Simulation to Revolutionize Treatment of Vascular Diseases

The field of vascular flow modeling is vital for understanding and treating vascular diseases, but traditionally, these methods require extensive labor and computation. Now, researchers have made groundbreaking... Read more

Surgical Techniques

view channel
Image: The prototype pacemaker is made of a specially engineered membrane (Photo courtesy of University of Chicago)

Ultra-Thin, Light-Controlled Pacemaker Regulates Heartbeats

Millions of individuals depend on pacemakers, small yet vital devices that help maintain a regular heartbeat by regulating the heart's electrical impulses. To minimize complications, there is growing interest... Read more

Patient Care

view channel
Image: The newly-launched solution can transform operating room scheduling and boost utilization rates (Photo courtesy of Fujitsu)

Surgical Capacity Optimization Solution Helps Hospitals Boost OR Utilization

An innovative solution has the capability to transform surgical capacity utilization by targeting the root cause of surgical block time inefficiencies. Fujitsu Limited’s (Tokyo, Japan) Surgical Capacity... Read more

Health IT

view channel
Image: First ever institution-specific model provides significant performance advantage over current population-derived models (Photo courtesy of Mount Sinai)

Machine Learning Model Improves Mortality Risk Prediction for Cardiac Surgery Patients

Machine learning algorithms have been deployed to create predictive models in various medical fields, with some demonstrating improved outcomes compared to their standard-of-care counterparts.... Read more

Point of Care

view channel
Image: The new eye-safe laser technology can diagnose traumatic brain injury (Photo courtesy of 123RF)

Novel Diagnostic Hand-Held Device Detects Known Biomarkers for Traumatic Brain Injury

The growing need for prompt and efficient diagnosis of traumatic brain injury (TBI), a major cause of mortality globally, has spurred the development of innovative diagnostic technologies.... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.