Endoscopy Device Market, by Product Type (Rigid Endoscopes, Flexible Endoscopes, Endoscopic Visualization Systems, Endoscopic Accessories), by End User (Hospitals, Ambulatory Surgical Centers, Clinics, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Endoscopy devices are minimally-invasive diagnostic medical devices used to assess the internal organs of the body. These devices are used to examine unusual symptoms and to perform surgery. Such a device comprises a flexible tube with an attached camera, which allows the doctor to view potential threats to patient from disease without a large incision. Therapeutic endoscopy devices are modified with surgical instruments to carry out surgeries such as removal of kidney stones and fibroids. The procedure is associated with minimal post operation complications, thus making it the most preferred and pursued procedure in surgery and diagnostics. These devices include operative devices and visualization systems, which give direct insight of the organs for efficient treatment, unlike other medical imaging devices.
Market Dynamics
Increasing prevalence of functional gastrointestinal disorders such as stenosis, hemorrhoids, diverticular disease, colon polyps, colon cancer, etc. worldwide is expected to drive growth of the global endoscopy device market, over the forecast period. For instance, according to an article published in January, 2021 by National Center for Biotechnology Information, more than 40% of people are affected with functional gastrointestinal disorders worldwide. Endoscopic devices are used to look inside the stomach of the patients affected with gastrointestinal disorders. Increasing patients with gastrointestinal disorders is expected to drive the market growth of endoscopy device. Moreover, increasing product launch by key market players is also expected to propel growth of the global endoscopy device market. For instance, in March 2020, KARL STORZ Endoscopy-America, Inc., a endoscope manufacturer, launched TELE PACK+ compact endoscopy system. The TELE PACK+ is a video recorder system that includes light source, camera control unit, and a display that makes it easy to perform endoscopic diagnosis and treatment, as well as picture and data management.
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