Global Endoscopy Fluid Management Market Size study & Forecast, by Product (Endoscopy fluid management system, Endoscopy fluid management accessories), by Application (Arthroscopy, Laparoscopy, Hysteroscopy, Others), by End User (Hospital, Clinics, Ambulatory surgical centers, Others) and Regional Analysis, 2023-2030
Global Endoscopy Fluid Management Market is valued at approximately USD 808.40 million in 2022 and is anticipated to grow with a healthy growth rate of more than 7.2% during the forecast period 2023-2030. Endoscopy Fluid Management refers to the process of effectively managing fluids used during endoscopic procedures. Endoscopy involves inserting a long, flexible tube with a camera and light source into the body to visualize internal organs or tissues for diagnostic or therapeutic purposes. The Endoscopy Fluid Management Market is expanding because of factors such as the rising demand for minimally invasive surgical systems and the increasing prevalence of gastric cancer. Fluid is often introduced into a body cavity, such as the gastrointestinal tract or the uterus, to expand the space and allow better visualization of the internal structures. As a result, the demand for Endoscopy Fluid Management has progressively increased in the international market during the forecast period 2023-2030.
Minimally invasive procedures typically involve smaller incisions or no incisions at all, leading to reduced tissue trauma. This can result in less pain, shorter recovery times, and lower chances of complications for patients. According to Statista, in 2021, the global market for minimally invasive surgical systems accounts for USD 29 billion and is projected to reach over USD 55 billion by the year 2030. Another important factor that drives the Endoscopy Fluid Management Market is the increasing prevalence of gastric cancer. Gastric cancer often presents with lesions or abnormalities in the stomach lining that require clear visualization during endoscopy for accurate diagnosis. Effective fluid management is essential to ensure a clean and clear field of view, allowing the endoscopist to identify and characterize lesions accurately. In addition, as per The American Cancer Society’s projections for gastric cancer in the United States, there are about 26,890 new cases of stomach cancer and around 10,880 deaths from gastric cancer by the year 2024. Moreover, growing awareness among physicians regarding endoscopy and technological advancements in fluid management systems are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with endoscopic procedures and lack of awareness regarding endoscopy fluid management is going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Endoscopy Fluid Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the strong healthcare infrastructure and increasing cases of stomach cancer in the region. strong healthcare infrastructure often enforces adherence to established guidelines and standards for endoscopy procedures. This includes protocols for fluid management, ensuring that best practices are followed to minimize risks and complications. The region’s dominant performance is anticipated to propel the overall demand for Endoscopy Fluid Management. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as growing demand for minimally invasive surgeries in the region. The demand for minimally invasive procedures has driven advancements in endoscopy technology, including improvements in fluid management systems. Modern systems are designed to be more precise, user-friendly, and adaptable to the specific needs of different endoscopic procedures.
Major market player included in this report are:Stryker Corporation
STERIS plc
Arthrex, Inc.
Conmed Corporation
Hologic Inc
Olympus America Inc.
B. Braun SE
Medtronic plc
Karl Storz Se & Co. KG
Comeg Medical Technologies
Recent Developments in the Market: In September 2023, Stryker released the 1788 platform, which is the next generation of minimally invasive surgical cameras. The fully upgraded camera is expected to advance surgery in a variety of disciplines. The all-in-one surgical camera platform produces a more colourful image with balanced illumination, a wider colour gamut, and better delineation of fluorescent signals1. The platform is intended for better visualisation of blood flow and essential anatomy, and it can display several optical imaging agents.
Global Endoscopy Fluid Management Market Report Scope: Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:By Product
Endoscopy fluid management system
Endoscopy fluid management accessories
By Application
Arthroscopy
Laparoscopy
Hysteroscopy
Other
By End User
Hospitals
Clinics
Ambulatory surgical centers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies MentionedStryker Corporation
STERIS plc
Arthrex, Inc.
Conmed Corporation
Hologic Inc
Olympus America Inc.
B. Braun SE
Medtronic plc
Karl Storz Se & Co. KG
Comeg Medical Technologies
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.