US Endoscopy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

US Endoscopy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United States endoscopy devices market is projected to have significant growth over the forecast period. The factors attributed to the market’s growth include the increasing number of neurological disorders and the rising adoption of minimally invasive surgeries.

According to a survey conducted in the United States, by the National Centre for Health Statistics, approximately 3.5 million laparoscopic procedures were performed in the United States in 2017. This indicates that endoscopic procedures are performed widely in the country.

Neurosurgery and skull-based surgery are undergoing a paradigm shift. Physicians are using endoscopic techniques to visualize and excise lesions that were previously addressed through large open surgeries. The advantages of minimally invasive surgeries, such as less invasive, quick recovery time of patients, and low cost of treatment, augmented the demand for endoscopy devices in the country. Furthermore, advancements in various surgical devices in the United States from established key players are likely to drive the market’s growth in the country. However, infections caused by endoscopes is one of the major market restraints.

Key Market TrendsThe Capsule Endoscopy Segment dominates the US Endoscopy Devices Market

• The capsule endoscopes offer a hands-free and highly accurate imaging modality for healthcare practitioners and it is being widely used throughout the world, which allows non-traumatic examination of the small intestine.​
• In the capsule endoscopy procedure, a pill-sized capsule with a miniature camera captures the condition of esophageal tract lining. The technology was first introduced for commercial healthcare services in the year 2000, and gradually, the capsule endoscopes sub-segment of the market studied has gained momentum with its increasing usage in the assessment of gastrointestinal disorders.​
• Capsule endoscopy is widely used for the detection of small bowel damage, Crohn’s disease, obscure intestinal bleeding, etc. The capsule endoscopes sub-segment of the market studied is anticipated to witness substantial growth with the rising prevalence of these diseases. ​
• Capsule endoscopy has major benefits for the patients with small bowel disease for whom proper diagnosis is not available. In addition, this capsule endoscope is on demand due to its cot-effectiveness.​ However, there are certain complications associated with the market like non-passage of the capsule in capsule endoscopes or risk of capsule aspiration.​
• Morover, growing number of surgical procedures using endoscopic procedures such as bariatric surgery are projected to boost the overall market growth.

Competitive Landscape

The US endoscopy devices market has rapidly evolved over the past few years. The industry observed significant changes in adopting market strategies, such as product developments, mergers, and acquisitions. For instance, in January 2020, Pentax Medical announced that it won FDA 510(k) clearance for its Imagina endoscopy system and initiated the launch of the Imagina system in the United States. The endoscope is designed to perform gastrointestinal (GI) procedures at ambulatory surgery centres (ASCs).

Thus, the US endoscopy devices market emerged as a competitive industry. Major companies in the market are Olympus Corporation, Medtronic, Fujifilm Medical Systems, Cook Medical, Conmed, Arthrex, Hoya Corporation, and Ethicon Endo-Surgery (Johnson & Johnson), among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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