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

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

The United States endoscopy devices market is projected to register a CAGR of 5.1% over the forecast period (2022-2027).

During the COVID-19 pandemic, several communities, industries, businesses, and lives were adversely affected owing to the restrictions imposed by the United States government. Almost all sectors were affected by the COVID-19 pandemic. An article titled "Real-World Data on the Impact of COVID-19 on Endoscopic Procedural Delays" by a group of researchers from the United States published in the Journal of Clinical and Translational Gastroenterology in June 2021 indicated that nonurgent endoscopic procedures were delayed due to fear of the risk of contamination. The study indicated that coloscopy was the most commonly delayed procedure during the COVID-19 pandemic. Thus, the COVID-19 pandemic significantly impacted market growth in its initial phase. However, the market is anticipated to gain traction over the coming years owing to the resumption of diagnosis and treatment procedures within the country.

Furthermore, the factors attributing to the market’s growth include the increasing number of neurological disorders and the rising adoption of minimally invasive surgeries.

According to the American Society for Metabolic and Bariatric Surgery's estimate of bariatric surgery numbers published in June 2022, around 198,651 bariatric procedures were performed in the United States in the year 2020. With the large prevalence of bariatric procedures, utilizing endoscopy is expected to significantly boost the market growth over the forecast period.

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 being less invasive, quick recovery time for patients, and low cost of treatment, has augmented the demand for endoscopy devices in the country. Moreover, several key market players have also focused on the launch of innovative endoscopes in the nation, which is adding to the market’s growth. For instance, in April 2021, Olympus launched the H-SteriScope Single-Use Bronchoscopes, a line of five premium endoscopes for use in advanced diagnostic and therapeutic procedures in the United States. H-SteriScope single-use bronchoscopes are specifically designed for tissue biopsy, foreign body retrieval, and other advanced procedures, helping clinicians target, diagnose, and treat patients while enhancing workflow and productivity. Such activities in the country are expected to augment the market’s growth in the near future.

Thus, these aforementioned factors will all together boost the growth of the market over the forecast period. However, infections caused by endoscopes are one of the major market restraints that may hinder the market's growth.

Key Market TrendsThe Capsule Endoscope Segment dominates the United States Endoscopy Devices Market

The capsule endoscope offers a hands-free and highly accurate imaging modality for healthcare practitioners, and it is being widely used throughout the country because it allows non-traumatic examination of the small intestine. Capsule endoscopes are advantageous when patients refuse the conventional colonoscopy procedure, face contraindications to colonoscopy, or when colonoscopy is incomplete. In the capsule endoscopy procedure, a pill-sized capsule with a miniature camera captures the condition of the esophageal tract lining. The technology gained momentum with its increasing usage in the assessment of gastrointestinal disorders and several surgeries. Thus, the rising preference for minimally invasive surgeries in the United States is expected to boost the growth of the capsule endoscopy segment over the forecast period.

Moreover, capsule endoscopy is widely used for the detection of small bowel damage, Crohn’s disease, and obscure intestinal bleeding, among others. As a result, the increasing prevalence of such diseases within the country is likely to boost the adoption of capsule endoscopes for diagnosis and treatment procedures. For instance, in a study by Alatab published in January 2020, it was found that the prevalence of Crohn's disease ranged from 252 to 439 cases per 100,000 population in the United States. Capsule endoscopy has major benefits for patients with small bowel disease for whom the proper diagnosis is not available.

In addition, this capsule endoscope is in demand due to its cost-effectiveness and growing product launches in the United States. For instance, in November 2021, Medtronic plc announced that the United States Food and Drug Administration (FDA) had granted 510(k) clearance for its PillCam Small Bowel 3 system for remote endoscopy procedures. The PillCam Small Bowel 3 system has a camera inside a capsule that captures images at a frame rate of 2 to 6 frames per second (fps) based on the capsule's speed as it travels through the small bowel.

Thus, the launch of such endoscopes in the market is expected to significantly contribute to the segment’s growth.

Competitive Landscape

The United States endoscopy devices market is found to be fairly competitve and consists of several major players. Companies are found implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them strengthen their market positions. Some of the major companies in the market include Olympus Corporation, Medtronic, Fujifilm Medical Systems, Cook Medical, Conmed, Arthrex, Hoya Corporation, and Ethicon Endo-Surgery (Johnson & Johnson), among others.

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