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

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

The Japan endoscopy devices market is expected to register a CAGR of 4.5% during the forecast period.

The COVID-19 pandemic led to disruption in not only the research and development activities of other therapies and drugs for medical conditions other than COVID-19 but also impacted the treatment procedures and supply chain of the medical devices around the world which also impacted the studied market of endoscopy devices. According to a study published in September 2022 titled "Impact of COVID-19 on the endoscopy department since the early phase of the pandemic in 2020: A questionnaire study among patients with canceled examinations at a single Japanese institution", in 2020, despite low numbers of COVID-19 cases in the study site, the number of endoscopies decreased, and cancelation increased. In addition, endoscopic procedures currently rely on patient protective equipment, comprehensive room, equipment cleaning, and air circulation, which varies from endoscopy suites, thus impacting the studied market during the COVID-19 pandemic.

The growing preference for minimally-invasive surgeries, increasing cases of cancer increasing adoption of endoscopes for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors leading to the growth of the endoscopic market.

As per the Globocan data published in 2020 the estimated number of new cancer cases in Japan was 1.03 million in 2020 which is expected to increase and reach up to 1.13 million by 2040. Therefore, the increasing number of cases of cancer is expected to increase the demand for endoscopic devices. Thereby, the market is expected to see a surge over the forecast period.

Moreover, in January 2021, NEC Corporation announced the development of "WISE VISION Endoscopy," an AI diagnosis-support medical device software for colonoscopies, which was released in Japan. This software connects with existing endoscopy equipment as part of using AI to automatically mark potential lesions from images taken during endoscopic procedures. Additionally, in April 2020, Olympus Corporation launched EVIS X1, its most advanced endoscopy system to date. The new system is to improve outcomes for stomach, colon, and esophagus disorders, as well as for bronchial diseases, by providing every endoscopist with innovative and proven tools.

Thus, owing to the above-mentioned factors, the Japan endoscopy devices market is expected to show significant growth over the forecast period. However, the lack of skilled technicians and infections caused by few endoscopes is hindering the market growth.

Key Market TrendsGynecology segment is Estimated to Witness a Healthy Growth in Future

Endoscopy devices in gynecology are estimated to witness healthy growth in the future. The high growth of the gynecology segment is because the gynecologic laparoscopic procedure is one of the common, minimally-invasive procedures performed to obtain a clear picture of the pelvic region. Uterus, ovaries, and fallopian tubes can be examined with a pelvic laparoscopy. These devices are also used for fibroids removal, uterus, ovarian cysts, lymph nodes, an ectopic pregnancy, and detection of cancer of the ovary, uterus, and cervix.

As per Globocan data published in 2020, the number of new cases of ovarian cancer is expected to reach up to 1,500 by 2040. The presence of a large number of populations affected by ovarian cancer can be minimized by using endoscopy devices. Therefore, with the rising burden of gynecologic cancer and the rising demand for these devices, the market is expected to witness rapid growth over the forecast period.

Moreover, as per the study published in August 2022, titled "Vaginal yolk sac tumor resected by a novel laparo/endoscope-assisted posterior sagittal approach: a case report", the combination of laparo/endoscopic and posterior sagittal approach ensured a tumor-free macroscopic surgical margin with easier, cosmetically pleasing vaginal reconstruction, while preserving the anorectal and urinary functions. the study believed that this approach could be utilized not only for vaginal yolk sac tumor (YST) but also for any vaginal tumor, especially those arising from the posterior or lateral wall. Thus, the various advantage of the endoscopic approach to cure gynecological cancer is expected to boost the growth of the market segment over the forecast period.

Thus, owing to the above-mentioned factors it is expected to show significant growth over the forecast period.

Competitive Landscape

The Japan Endoscopy Devices Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Boston Scientific Corporation, Johnson and Johnson, Medtronic PLC, Olympus Corporation, Cook Group Incorporated, KARL STORZ, Conmed Corporation, Fujifilm Holdings Corporation, and Richard Wolf GmbH.

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