Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Endoscopy is minimal invasive procedure in which endoscope is placed inside body either through body openings (mouth, anus etc.) or by making small incisions on the body. Endoscopes are medical devices used in endoscopy procedure to observe and treat the internal organs.

Statistics:

Asia Pacific endoscopy devices market is estimated to account for US$ 11,032.5 Mn in terms of value in 2020 and is expected to reach US$ 18,551.0 Mn by the end of 2027.

Asia Pacific Endoscopy Devices Market: Drivers

Increasing prevalence of gastrointestinal diseases is expected to propel growth of Asia Pacific endoscopy devices market over the forecast period. For instance, according to the study, ‘A study of prevalence and determinants of irritable bowel syndrome in an urban slum community in Mumbai’, published in November 2018, the prevalence of irritable bowel syndrome was 12.27%, of which 56% were males and 44% were females.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to United Nations Population Fund, geriatric population in Asia Pacific is expected to triple between 2010 and 2050 to reach 1.3 billion people by 2050. 

Statistics:

Visualization Systems held dominant position in Asia Pacific endoscopy devices market in 2019, accounting for 47.3% share in terms of value, followed by endoscopic operative devices and endoscope devices, respectively.

Figure 1. Asia Pacific Endoscopy Devices Market Share (%), by Value, by Device Type, 2019

Asia Pacific Endoscopy Devices  | Coherent Market Insights

Asia Pacific Endoscopy Devices Market: Restraints 

Negative impact of U.S. medical device tax and rigorous FDA regulatory process is expected to hinder growth of the market. The U.S. government scheduled to implement a 2.3% excise tax on medical devices sales in 2013.The effect of this will be seen on the prices of the endoscopic devices as companies will raise prices and pass on to customers as a way to deal with the increased tax in the U.S.

Moreover, high cost of endoscopic equipment is also expected to limit the market growth.

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Asia Pacific Endoscopy Devices Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 10,287.7 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.7% 2027 Value Projection: US$ 18,551.0 Mn
Geographies covered:
  • Asia Pacific: China, India, Japan, Australia, South Korea, Singapore, New Zealand, Rest of Asia Pacific
Segments covered:
  • By Device Type:
    • Endoscope Devices: Rigid Endoscope, Flexible Endoscope, Capsule Endoscopy, Robot Assisted Endoscopy.
    • Endoscopic Operative Devices, Visualization Systems.
  • By Application: Urology/Gynecology Surgeries, ENT Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries, Others.
Companies covered:

Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation,   3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, and Fujifilm Holding Corporation

Growth Drivers:
  • Increasing prevalence of gastrointestinal diseases
  • Technological advancement
Restraints & Challenges:
  • High costs
  • Stringent regulations

Asia Pacific Endoscopy Devices Market: Opportunities  

R&D in robotic biopsy endoscope is expected to offer lucrative growth opportunities for players in Asia Pacific endoscopy devices market. For instance, in January 2020, researchers from Chonnam National University, South Korea, reported development of a novel wireless biopsy capsule endoscopes employing active five degree-of-freedom locomotion and a biopsy needle punching mechanism for the histological analysis of the intestinal tract.

Moreover, increasing adoption of neuroendoscopy is also expected to aid in growth of the market. The minimally-invasive surgical procedure offers less pain than traditional surgery, faster recovery than traditional surgery, and minimal scarring.

Asia Pacific endoscopy devices market was valued at US$ 10,287.7 Mn in 2019 and is forecast to reach a value of US$ 18,551.0 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027.

Figure 2. Asia Pacific Endoscopy Devices Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Asia Pacific Endoscopy Devices  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in June 2020, AnX Robotica Corporation received the U.S. Food and Drug Administration’s De-Novo classification for its NaviCam Magnetically Controlled Capsule Endoscopy System.

The market is witnessing launch of operating room-ready wireless endoscopes. For instance, in May 2020, ScoutCam, a developer of customized visual solutions integrated its wireless micro ScoutCam into medical endoscope devices.

Asia Pacific Endoscopy Devices Market: Competitive Landscape

Major players operating in Asia Pacific endoscopy devices market include, Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, 3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, and Fujifilm Holding Corporation.

Asia Pacific Endoscopy Devices Market: Key Developments

Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in April 2020, Olympus Corporation launched EVIS X1, an endoscopy system which improves outcomes from disorders of the stomach, colon, and oesophagus, as well as from bronchial diseases.

Similarly in March 2020, KARL STORZ Endoscopy-America, Inc. launched TELE PACK + compact endoscopy system.

Endoscopy devices are minimally-invasive diagnostic medical devices used to assess the internal organs of the body. These devices are used to examine unusual symptoms and to perform surgery. Such as device comprises a flexible tube with an attached camera, which allows the doctor to view potential threats without a large incision. While, therapeutic endoscopy devices are modified with surgical instruments to carry out surgeries such as removal of kidney stones and fibroids. The procedure is associated with minimal post operation complications, thus making it the most preferred and pursued procedure in surgery and diagnostics. These devices include operative devices and visualization systems, which gives direct insight of the organs for efficient treatment, unlike other medical imaging devices.

Restraints of the Asia Pacific Endoscopy Devices Market

Major factors hampering the growth of the Asia Pacific endoscopy devices market during the forecast period constitutes of high costs, and stringent regulations.

Key features of the study:

  • This report provides in-depth analysis of the Asia Pacific endoscopy devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the Asia Pacific endoscopy devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, 3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, and Fujifilm Holding Corporation.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • Asia Pacific endoscopy devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Asia Pacific Endoscopy Devices Market, By Device Type:
    • Endoscope Devices
      • Rigid Endoscope
      • Flexible Endoscope
      • Capsule Endoscopy
      • Robot Assisted Endoscopy
    • Endoscopic Operative Devices
    • Visualization Systems
  • Asia Pacific Endoscopy Devices Market, By Application:
    • Urology/Gynecology Surgeries
    • ENT Surgeries
    • Neuro/Spinal Surgeries
    • Laparoscopy Surgeries
    • Others
  • Asia Pacific Endoscopy Devices Market, By Geography:
    • Asia Pacific
      • By Device Type
        • Endoscope Devices
          • Rigid Endoscope
          • Flexible Endoscope
          • Capsule Endoscopy
          • Robot Assisted Endoscopy
        • Endoscopic Operative Devices
        • Visualization Systems
      • By Application
        • Urology/Gynecology Surgeries
        • ENT Surgeries
        • Neuro/Spinal Surgeries
        • Laparoscopy Surgeries
        • Others
      • By Country:
        • China
        • India
        • Japan
        • New Zealand
        • Australia
        • South Korea
        • Singapore
        • Rest of Asia Pacific
  • Company Profiles
    • Accellent Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Aesculap Inc.
    • Arthrex Inco
    • Boston Scientific Corporation
    • 3NT Medical
    • AnX Robotica Corporation
    • C.R. BARD INC
    • Conmed Corporation
    • Olympus Corporation
    • KARL STORZ Endoscopy-America, Inc.
    • Cook Medical Incorporated
    • Fujifilm Holding Corporation

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Device Type
      • Market Snippet, By Application
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • COVID-19 Impact Analysis
  4. Asia Pacific Endoscopy Devices Market, By Device Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Endoscope Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Rigid Endoscope
        • Flexible Endoscope
        • Capsule Endoscopy
        • Robot Assisted Endoscopy
    • Endoscopic Operative Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Visualization Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Asia Pacific Endoscopy Devices Market, By Application, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Urology/Gynecology Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • ENT Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Neuro/Spinal Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Laparoscopy Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Asia Pacific Endoscopy Devices Market, By Regions, 2019 – 2027 (US$ Mn)
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • New Zealand
        • Australia
        • South Korea
        • Singapore
        • Rest of Asia Pacific
  7. Competitive Landscape
    • Company Profiles
      • Accellent Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Aesculap Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Arthrex Inco
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Boston Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • 3NT Medical
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • AnX Robotica Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • C.R. BARD INC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Conmed Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Olympus Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • KARL STORZ Endoscopy-America, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Cook Medical Incorporated
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Fujifilm Holding Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 31 market data tables and 24 figures on “Endoscopy Device Market – Asia Pacific forecast to 2027.

Frequently Asked Questions

Asia Pacific endoscopy devices market was valued at US$ 10,287.7 Mn in 2019 and is forecast to reach a value of US$ 18,551.0 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027.
Major factor driving the growth of Asia Pacific endoscopy devices market during the forecast period include increasing prevalence of gastrointestinal diseases, and technological advancement.
Major factors hampering the growth of the Asia Pacific endoscopy devices market during the forecast period constitutes of high costs, and stringent regulations.
Visualization systems held dominant position in the Asia Pacific endoscopy devices market in 2019.
Japan endoscopy devices market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, 3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, and Fujifilm Holding Corporation.
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