Endoscopy
Global Devices Market was valued at USD 24.9 billion in 2013 and is
expected to grow at a CAGR of 6.8% from 2013 to 2019, to reach an
estimated value of USD 36.9 billion in 2019.
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Endoscopy
procedures are performed by inserting rod shaped telescope and
specialized instruments through small incisions in the body. These
procedures can be diagnostic as well as operative, and are explored
for various areas of surgery including gastrointestinal, urological,
ENT, cardiovascular and joint surgeries. As these are minimally
invasive procedures, they provide various advantages over open
surgeries such as reduced blood loss, reduced chances of infection,
shorter hospital stay, and quick recovery. Due to these advantages,
the adoption of endoscopy is increasing rapidly; especially in the
field of oncology.
An
endoscopy system comprises of an endoscope, visualization system
(which includes the camera, control unit, illumination devices, image
processing devices, and display) and various specialized operative
instruments (which include energy systems, internal closure devices,
irrigation systems, and others). An endoscope that is rigid, finds
applications in arthroscopy and laparoscopies and flexible endoscopes
have application in gastrointestinal, urology and other systems where
rigid endoscope may not reach. Modern endoscopes called as
videoscopes have a "chip-on-tip" which deliver better image
quality and are more durable. Fiberoptic endoscopes are fragile and
delicate, hence get damaged easily. This is a major driver for
videoscopes market and the technology is expected to replace
fiberoptic and rod-lens systems in the near future. Consistent
technological advances have added new products to the market and
expanded boundaries of the endoscopy devices market. Capsule
endoscopes and robot assisted endoscopes have revolutionized the
endoscopy market.
The
capsule shaped devices possess built-in camera unit and wireless
transmission system which delivers high quality images to external
receiver as they pass through the gastrointestinal tract. The device
has made diagnosis of gastrointestinal tract more efficient as the
capsule is able to deliver images for intestinal areas where flexible
endoscope cannot reach. Given Imaging (acquired by Covidien) accounts
for about 85% of the global capsule endoscopy market share. Other key
players in the capsule endoscopy market include Olympus, IntroMedic
and Jinshan Medical. Intuitive Surgical leads the robot assisted
endoscopy market with its flagship Da Vinci surgical system. Other
companies making their mark in the robot assisted endoscopy market
include Endo Control, Inc., Olympus, Meere Company, Inc., MAKO
Surgical and Titan Medical, Inc. Visualization systems have been a
prominent area of technological advancements.
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The
development of chromoendoscopy has added another dimension to the
evolving market of endoscopy. Three dimensional (3D) camera systems
have improved the depth perception and hence reduced errors during
surgery and which has further reduced the overall surgery time.
Endoscopic ultrasound devices now allow doctors to effectively
diagnose intestinal tract, which might be difficult to diagnose
otherwise with traditional ultrasound devices. As the ultrasound
device is close to the organ as, the images obtained are more
accurate giving better examination of the intestinal tract.
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Although
various merits are propelling the endoscopy devices market, some
factors impede the acceptance of several endoscopic devices.
Prominent among these factors is the high cost of latest technology
devices, which has delayed the penetration of these products in
developing countries. Lack of skilled professionals is also a major
concern for the market to develop. Considering various market
dynamics, companies are eying Asian countries which mainly include
India, China, and Japan for lucrative opportunities in future.
Rapidly developing economic condition, improving healthcare sector,
available disposable income, and large consumer base in emerging
economies such as India, China, Brazil and South-East Asia due to
high prevalence of diseases will drive the endoscopy devices market
in these countries.
The
global endoscopy devices market has been segmented as follows:
Global
Endoscopy Devices Market, by Device Type
Endoscope
Rigid
Endoscope
Flexible
Endoscope
Capsule
Endoscope
Robot
Assisted Endoscope
Operative
Devices
Energy
Systems
Suction/Irrigation
Systems
Access
Devices
Operative
Hand Instruments
Others
(Insufflation Devices, Wound Protectors, Snares)
Visualization
Systems
Ultrasound
Devices
Standard
Definition (SD) Visualization Systems
Two
Dimensional (2D) Systems
Three
Dimensional (3D) Systems
High
Definition (HD) Visualization Systems
Two
Dimensional (2D) Systems
Three
Dimensional (3D) Systems
Global
Endoscopy Devices Market, by Application
Gastrointestinal
Surgeries
Urology/Gynecology
Surgeries
ENT
Surgeries
Cardiovascular
Surgeries
Neuro/Spinal
Surgeries
Laparoscopy
Surgeries
Arthroscopy
Surgeries
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Global
Endoscopy Devices Market, by Geography
North
America
Europe
Asia-Pacific
Rest
of the World
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