Endoscopes market

Endoscopes Market, by Product Type (Endoscopes, Visualization System, Endo Therapy Devices and Others), by Endoscope Type (Rigid, Flexible and Capsule) by Applications (Gastroenterology ,Arthroscopy, General Surgery, Pulmonology, Urology, Gynecology and Others), by End User (Hospitals, Clinics and Others), and by Region - Global Forecast to 2026

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Jun 2018
CMI1714
200 Pages
Excel & Pdf
Medical Devices

Summary

Market Insights-Endoscopes Market

Endoscopes are medical devices used in endoscopy procedure to observe and treat the internal organs. 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. Endoscope is equipped with camera allows visualization of internal organs over the video monitor with the help of visualization system. Along with diagnostic purpose, endoscopy also allows sample removal from affected organs (in case of cancer). It is majorly used in surgical procedure as means for minimally invasive surgeries. Endoscopy systems consist of endoscope, visualization system, endo therapy devices, and other devices. Endoscopes has different types based on its applications such as GI endoscopy (for GI tract based applications), arthroscopy (for joints), cystoscopy, hysteroscopy and ureteroscopy (for urology applications), laparoscopy (for various surgeries in pelvic and abdomen area), bronchoscopy (for lungs) laryngoscopy (larynx), and other types that covers various parts. Visualization system consist of the cameras, video processors and convertor, light source, and monitors. Endo therapy devices consist of the endoscopic retrograde cholangiopancreatography devices (ERCP), endoscopic mucosal resection and dissection devices, and ultrasound endoscopes.

The global endoscopes market was valued at US$ 29,151 million in 2017, and is expected to witness a CAGR of 6.6% over the forecast period (2018 – 2026).

Figure 1. Global Endoscope Market Value (US$ Mn), by Region, 2017

Source: Coherent Market Insights (2018)

Increasing incidences of gastrointestinal and other diseases worldwide to drive growth of the endoscopes market

Endoscope are routinely used to diagnose and treat gastrointestinal diseases such as ulcerative colitis, Crohn’s disease, pancreatic, chronic constipation, and other GI tract associated disease. Increasing prevalence of these diseases worldwide are propelling demands for sophisticated endoscope. According to a study published in the Lancet, in October 2017, around 319 (U.S.) and around 322 (Europe) cases of Crohn’s disease per 100,000 people were reported in the mentioned region. According to the journal of Gastroenterology’s on Inflammatory Bowel Disease (IBD) in 2017, around 1.6 million patient in the U.S were suffering from of IBD. Moreover, emerging economies such as China and India are witnessing high prevalence of these disease. For instance, China has high incidence of Inflammatory Bowel Disease with 344 patients per 100,000 population, according to epidemiological study published in 2013, in the Gastroenterology Journal. Increasing prevalence of different type of cancers worldwide are expected to propel growth of the endoscopes market. Gastrointestinal cancer majorly affects stomach and small intestine and it can be effectively treated using endoscope. Increasing prevalence of this cancer is expected to drive growth of the endoscope market. According estimation of American Cancer Society, around 26,240 cases of stomach cancer are estimated to be diagnosed in the U.S. in 2018. This number is even higher for lung and bronchus cancer (234,030 new cases in 2018) and colorectal cancer (140,250)

Technological advancements in endoscopy procedures are projected to fuel growth of the market

Advanced endoscopy procedures have gained significant traction in recent past, owing to enhanced quality of image visualization, ease of conducting surgical procedures, and availability of personalized features in endoscope. Furthermore, recent advancement in capsule endoscopy integrates capsule shaped endoscope having tiny camera, which is swallowed by patients.

It transmits live images of internal organs, which are visualized over large monitor, which is useful for monitoring and treatment of chronic disease such as cancer and IBD, as it visualizes micro area of internal organs. For instance, Medtronic plc. in 2016, received expanded indication for its Pill Cam COLON 2 capsule endoscope from U.S. Food and Drug Administration (FDA). It is the only non-invasive diagnostic test that directly visualizes the colon for the evaluation of polyps in patients who are at major risks for colonoscopy or moderate sedation. Furthermore, Olympus in June 2017, launched ENDOEYE 3D video endoscope that allows faster and precise endoscopic surgery by using 3D imaging system to facilitate depth perception.

Key players operating in the endoscope market include Medtronic plc, Olympus Corporation, Hoya Corporation, Fujifilm Holdings Corporation, CONMED Corporation, Stryker Corporation, DePuy Synthes, Boston Scientific Corporation, Smith and Nephew, and Cook Medical, Inc.

Table of Content

Table of Contents

Research Objective and Assumption

Research Objectives
Assumptions
Abbreviations

Market Purview

Report Description

Market Definition and Scope

Executive Summary

Market Snippet, By Product Type
Market Snippet, By Endoscope Type
Market Snippet, By Applications
Market Devices, By End User
Market Snippet, By Region

Coherent Opportunity Map (COM)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers
Restraints
Market Opportunities

Global Endoscopes Market, By Product Type, 2018 – 2026, (US$ Million)

Introduction

Market Share Analysis, 2017 and 2025 (%)
Y-o-Y Growth Analysis, 2018 – 2026
Segment Trends

Endoscopes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  - Gastroscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Arthroscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Colonoscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Laparoscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Enteroscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Bronchoscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Cystoscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Ultrasound Endoscopes
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
  - Others
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Visualization System
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Endo Therapy Devices
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)

*Browse 65 market data tables and 40 figures on "Endoscopes Market - Global forecast to 2026”.

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- Frequently Asked Questions -

What are the growth estimates for endoscopes market till 2026?

The global endoscopes marketis estimated to surpass US$ 37.6 Billion By 2026 .

Which are the prominent endoscopes market players across the globe?

Major players operating in the global endoscopes marketinclude Medtronic plc, Olympus Corporation, Hoya Corporation, Fujifilm Holdings Corporation, CONMED Corporation, Stryker Corporation, DePuy Synthes, Boston Scientific Corporation, Smith and Nephew, and Cook Medical, Inc.

Which segment based on product type, accounted for the highest demand in theendoscopes market?

Among product type, endoscopes segment dominated the market, owing to the new product launches with increased preference for minimally invasive procedures.

What are the key factors driving growth of the endoscopes market?

Increasing incidence of gastrointestinal and other diseases, globally is one of the major factors that is expected to propel growth of the market over the forecast period.

What is the Compound Annual Growth Rate (CAGR) of the endoscopes market for next 8 years?

The global endoscopes market is estimated to exhibit a CAGR of 6.6% over the forecast period.

Which region is dominating the endoscopes market growth?

Among regions, North Americais expected to hold dominant position in the market over the forecast period.