Endoscopy Devices Market, By Product, By Application, By End User, and By Geography - Analysis, Size, Share, Trends, & Forecast from 2020-2026
|発行||AnalystView Market Insights||商品コード||950967|
|出版日||ページ情報||英文 257 Pages
|内視鏡デバイスの世界市場 (2020-2026年)：市場動向・市場シェア・成長予測 Endoscopy Devices Market, By Product, By Application, By End User, and By Geography - Analysis, Size, Share, Trends, & Forecast from 2020-2026|
|出版日: 2020年07月01日||ページ情報: 英文 257 Pages||
TABLEAsia Pacific Endoscopy Devices market, by Application, 2015-2026 (USD Million)
Endoscopy Devices Market, By Product (Endoscopes, Endoscopy Visualization Systems, Endoscopy Visualization Components, and Operative Devices), By Application (Urology, GI, Laparoscopy, Obstetrics/Gynecology, Bronchoscopy, Arthroscopy, Mediastinoscopy, Laryngoscopy, and Otoscopy), By End User (Hospitals, and Ambulatory Surgery Centers), and By Geography (EU, NA, APAC, LATAM, and MEA) - Analysis, Size, Share, Trends, & Forecast from 2020-2026.
The endoscopy devices market was valued at USD 38.7 billion by 2019, growing with 8.4% CAGR during the forecast period, 2020-2026.
Endoscopy devices are minimally invasive medical equipment that helps in diagnosing, preventing, and treating the complications allied with the visceral organs. These devices are used in this procedure in order to examine cavities or interior hollow organs in the human body. These devices are either placed inside the body through cavities (such as mouth and anus) or natural openings or through incisions, mainly in the case of arthroscopy. The endoscopy devices help medical professionals or physicians to analyze the internal organs of interest as they are equipped with various other parts such as light source or camera at the tip of endoscopes.
The global endoscopy devices industry is anticipated to exhibit exponential growth in the years to come. An aging population and growing preference for minimally invasive medical procedures all across the globe are the major factors driving the global endoscopy devices market growth. According to the World Health Organization (WHO), the global population aged 60 years and above will double from 11% to 22% by 2050. As people age, they become more prone to chronic conditions such as cardiovascular, respiratory, etc. and thus stimulate product demand.
The technological advancements is another driving factor, which adds value to the endoscopy devices industry. Companies are increasingly allocating funds for R&D activities in their bid to improve the quality of existing product lines or to introduce new products. In May 2019, FUJIFILM Holdings signified the development of its "SMART" endoscope manufacturing facility that employs Internet of Things (IoT) and Artificial Intelligence (AI) technologies. Recently, the company launched the technologically advanced endoscopy device in Europe with an aim to support real-time detection as well as characterization of colonic polyps during colonoscopies.
Additionally, favorable reimbursement policies, U.S. FDA approvals, minimal postoperative complications, and shorter recovery time are other factors responsible for the worldwide market growth. On the other side, it has been analyzed that the exorbitant cost of advanced products coupled with constraint reimbursement scenarios is deterring the industry growth. Conversely, highly unmet medical needs in the emerging economies is expected to offer lucrative growth opportunities over the coming period.
Based on the product, the global market is categorized into endoscopes, visualization systems, visualization components, and operative devices. The endoscopes segment is further sub-categorized into rigid, flexible, capsule, disposable, and robot-assisted endoscopes. The endoscopy visualization systems are further sub-categorized into the standard definition (SD) and high definition (HD) visualization systems. The endoscopy visualization components are further sub-categorized into camera heads, light sources, insufflators, high-definition monitors, video processors, and suction pumps. The operative devices are further sub-categorized into energy systems, suction & irrigation systems, access devices, hand instruments, snares, and wound reactors.
The endoscopy visualization systems registered for the highest market share in 2019 and are estimated to be most lucrative during the forecast period. This is majorly owing to the growing preference for HD visualization systems as it is used in the maximum number of endoscopic surgical procedures. In addition, the rising demand for minimally invasive procedures is likely to drive the segmental market growth.
On the flip side, the endoscopes segment is projected to grow at an impressive growth rate in the estimated period. The flexible endoscopes sub-segment held the highest revenue share in 2019 as these products are integrated with advanced technology compared to the rigid category.
On the basis of application, the overall endoscopy market is categorized into gastrointestinal (GI), laparoscopy, urology, mediastinoscopy, obstetrics/gynecology, otoscopy, bronchoscopy, arthroscopy, laryngoscopy. Among these, the GI application accounted for the majority of share in the market in 2019 and is expected to witness noteworthy growth in the projected timeframe. owing to the rising incidence of gastrointestinal diseases such as irritable bowel disease (IBD), coupled with the increasing elderly population. According to the Centers for Disease Control (CDC), there were around 6*8 million new cases of irritable bowel disease (IBD) across the globe in 2017. The age-standardize incidence rate of IBD increased from 79*5 in 1990 to 84*3 per 100 000 population in 2017.
Based on end-user, the worldwide endoscopy devices market is categorized into hospitals and ambulatory surgery centers (ASCs). Of these, the hospitals are the key shareholders of endoscopy devices, dominating the market throughout the forecast. This facility is known to record the highest number of footfalls that is supporting the segment growth. In addition, favorable reimbursement policies and a growing number of hospitals adopting endoscopy procedures drives the segment growth.
However, this segment is projected to lose its share to the ASCs segment which is the fastest-growing end-user category. Rising patient preference along with the increase in the number of ASCs in the developed as well as emerging economies across the globe will support the segment development. Moreover, the growing awareness amongst individuals pertaining to numerous minimally invasive endoscopic surgical procedures is further expected to drive the segmental market growth.
Regionally, the global industry is divided into Europe, North America, Middle East & Africa, Asia Pacific, and Latin America. Contribution by the U.S made North America capture a staggering 40% of market share in the global market. Growth is majorly attributed to the technological advancements and a growing preference for minimally invasive surgeries.
However, in upcoming years, Asia Pacific is projected to offer tremendous opportunities to the existing and new players in the market. The rising prevalence of gastrointestinal diseases and the growing geriatric population is likely to support regional demand. For instance, according to the rankings provided by The World Cancer Research Fund in 2016, the top 20 countries with the highest prevalence of stomach cancer, Korea, Japan, and China ranked 1, 3, & 5 respectively.
The outbreak of COVID-19 suddenly became a pandemic, which has affected various industries. The risk of transmission of SARS-CoV-2 may occur during the endoscopy procedure, which is negatively affecting the global endoscopy devices market growth. As the goal is to prevent SARS-CoV-2 infection from spreading amongst the healthcare professionals, the product use is limited in these uncertain times.
Asia was the first region of the globe to have a COVID-19 outbreak, and this position statement of the APSDE (Asia-Pacific Society for Digestive Endoscopy) has shared a successful experience in maintaining high-quality and safe endoscopy practice during this pandemic stress. Thus, the use of such devices for surgeries is a crucial step in averting the transmission of pathogens. Hence, the possibility of separating COVID-19 patients, devices, endoscopes, and the reprocessing rooms from the non-infected ones appears of supreme importance, especially in this crisis.
KEY VENDOR TAKEAWA
The leading players functioning in the global endoscopy devices include Olympus Corporation, Ethicon Endo-Surgery, LLC, Fujifilm Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Karl Storz, PENTAX Medical, Medtronic plc, Machid Endoscope Co., Ltd., and Smith & Nephew, Inc.
Key players are expanding their global footprint by new product developments or forging strategic alliances with small scale companies. For instance, in April 2020, Olympus Corporation launched its novel endoscopy system namely, 'EVIS X1.' The aim behind this launch is to improve outcomes from disorders of the esophagus, colon, and stomach, and also from bronchial diseases.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ENDOSCOPY DEVICES MARKET KEY PLAYERS
Ethicon Endo-Surgery, LLC
Fujifilm Holdings Corporation
Boston Scientific Corporation
Richard Wolf GmbH
Machid Endoscope Co., Ltd.
Smith & Nephew, Inc.
ENDOSCOPY DEVICES MARKET, BY PRODUCT
Other Rigid Endoscopes
Upper Gastrointestinal Endoscopes
Other Flexible Endoscopes
Robot Assisted Endoscopes
Endoscopy Visualization Systems
Standard Definition (SD) Visualization Systems
High Definition (HD) Visualization Systems
Endoscopy Visualization Components
Suction & Irrigation Systems
ENDOSCOPY DEVICES MARKET, BY APPLICATION
Gastrointestinal (GI) Endoscopy
ENDOSCOPY DEVICES MARKET, BY END USER
Ambulatory Surgery Centers (ASCs)
Other End Uses
ENDOSCOPY DEVICES MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA