Endoscopes Market Size, Share, Growth and Forecast to 2029 | Data Intelligence
The Global endoscope market was valued at USD XX Million in 2022 and is projected to reach USD XX Million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
The most common cancers are breast cancer, lung and bronchus cancer, prostate cancer, colon and rectum cancer, skin melanoma, bladder cancer, non-Hodgkin’s lymphoma, kidney and pelvis cancer, endometrial cancer, leukemia, pancreatic cancer, thyroid cancer, and liver cancer.
The endoscope market is booming with continuous technological advancements in different endoscopes by manufacturers. Some of the recent product developments in endoscopes are:
In January 2019, OraVu®, a global leader in dental endoscopy solutions, launched the DeVA-1® Dental Vision Assistant, a complete micro-endoscope system that allows periodontists, dentists and dental hygienists to see deep into the gingival pocket without flap surgery, thus giving a “sight” to otherwise “blind” procedures.
The increasing adoption of disposable endoscopes is also driving the growth of the market. the increased incidence of nosocomial infections due to the use of contaminated endoscopes is a key factor driving the adoption of disposable endoscopes.
According to a research study conducted by the American Journal of Infection Control, microbial growth was detected in 71.0% of endoscope specimens collected from three US hospitals in 2018.
The increasing number of reprocessing failures is consequent to the increased adoption of disposable endoscope in hospitals. In 2015, the FDA reported that duodeno endoscopes were linked to infections produced by multi-drug resistant bacteria primarily in the United States.
Download sample brochure @ https://www.datamintelligence.com/download-sample/endoscopes-market
According to the Food and Drug Administration (FDA), an endoscope and its accessories are a device used to provide access, illumination, and the observation or manipulation of body cavities, hollow organs, and ducts. The device consists of various rigid or flexible instruments that are inserted into body spaces and may include an optical system to transmit an image to the user’s eye and their accessories may facilitate access or increase versatility and increase device capabilities.
Examples of devices falling within this generic device type include endoscope cleaning accessories, endoscope photographic accessories, non-motorized anoscopes, binocular endoscope accessories, pocket battery cases, flexible choledochoscopes or rigid, colonoscopes, diagnostic cystoscopes, cystouretroscopes, enteroscopes, esophagogastroduodenoscopes, rigid esophagoscopes, fiber optic illuminators for endoscopes, incandescent lamps for endoscopes, biliary pancreatoscopes, proctoscopes, resectors, nephroscopes, sigmoidoscopes, ureteroscopes, urethroscopes, endomagnet extractors, cytology brushes for endoscopes and lubricating jelly for transurethral surgical instruments.
A significant part of technological developments has focused on the innovation of new endoscopes. For example,
In November 2019, fiber optic lighting specialist SCHOTT developed the SCHOTT® SingleEZ Guide lighting solution, a plug-and-play light guide that allows easy and quick installation into a complete system. The new solution also reduces heat transmission to facilitate registration with regulatory authorities. This development marks SCHOTT’s first entry into the single-use endoscope market.
- By product type
- By procedures
- Per end user
- By region
By Product Type – Rigid Endoscopes
Rigid endoscopes are solid metal tubes with a series of lenses mounted around one end of the tube. Optical fibers arranged outside the lens housing are used to provide light along the length of the endoscope. These endoscopes are not flexible, but generate high resolution images.
Traditional rigid endoscopes and rigid video endoscopes fall into this category.
Rigid endoscopes are commonly used in minimally invasive surgical procedures such as rhinoscopy (nose), cystoscopy (bladder), and laparoscopy (abdomen). Rigid endoscopes consist of metal tubes that contain the lenses and light channel(s) and are available in a wide range of outer diameters, from 1 to 12mm.
For the treatment of urolithiasis in the bladder (cystolithiasis), mainly rigid endoscopes (laser resectoscopes) are used.
Geographical analysis – North America
North America held the dominating endoscope market share in 2018 and is expected to maintain its growth over the forecast period, driven by increased utilization of endoscopic procedures due to highly conscious population, increase of the geriatric population, the increase in cancer cases and the inclination. towards minimally invasive diagnostic and treatment procedures.
According to the American Cancer Society, in 2017 there were approximately 95,520 new cases of colon cancer and 39,910 cases of rectal cancer diagnosed in the United States.
Colonoscopy is now the most common endoscopic procedure in the United States for diagnosing colorectal cancer. Of all the cancers that men and women can get, colorectal cancer (cancer of the lower colon or rectum) is the second deadliest cancer in the region. Because colorectal cancer screening has been shown to reduce the number of cancers found and the number of people who die from it, it is recommended that adults between the ages of 50 and 75 receive regular colorectal cancer screening.
The Endoscopes market is fairly consolidated with selected key players representing the predominant market share.
Olympus Corporation is considered the top player in Asia and holds a predominant share in North America and Europe regions in 2018.
Major players holding major market share are Pentax Medical, Cook Medical, Arthrex, etc.
The companies focus heavily on R&D and product innovation, expanding product reach through distribution through local suppliers and distributors in South American countries.
In addition, the major players are mainly focusing on establishing the market for disposable endoscopes and capsule endoscopes.
The faster growth of disposable endoscopes paves the way for players to invest heavily in R&D for disposable and capsule endoscopes.
DataM Intelligence was created on the elementary idea of publishing advanced market research reports with precise data points and maximum accuracy that will accelerate decision making in designing disruptive solutions.
Name: Sai Kiran
Company: DataM Intelligence
Contact number: +1 8774414866
Write to us: [email protected]