Global Laparoscopy and Endoscopy Devices Market: Focus on Surgical Procedures (Cholecystectomy and Hysterectomy) and Product Types (Arthroscopes, Neuroendoscopes, Cystoscope, and Bronchoscopes) - Analysis and Forecast, 2018-2025
LONDON, Sept. 18, 2018 /PRNewswire/ --
Global Laparoscopy and Endoscopy Devices Market to Reach $26.88 billion by 2025, BIS Research Report
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The global laparoscopy and endoscopy devices market is a combination of two different minimally invasive approaches wherein laparoscopy devices are used in surgical interventions and possess therapeutic applications while endoscopy devices aid in the visualization of anatomical structures and diagnosis of various diseases.
Typically, laparoscopy is a minimally invasive surgical procedure which involves insertion of a laparoscope through a small incision typically between (3-15) mm in the abdominal cavity and enables visualization of abdominal contents.This procedure allows a wide variety of diagnostic and therapeutic procedures to be performed.
On the other hand, endoscopy is a non-surgical procedure which involves the insertion of a flexible tube with a light and camera attached to it and enables doctors to visualize/examine the patient's digestive tract.
In addition, endoscopic procedures utilize specialized instruments (endoscopes) to visualize and operate on the internal organs (especially in the gastrointestinal track) as well as blood vessels of the body. Endoscopic procedures are often named on the portion of the inspected digestive track such as upper GI endoscopy (examination of the oesophagus, stomach, and the upper small bowel called duodenum), colonoscopy (inspection of the abnormalities in the mucous lining of the intestine or bleeding in the colon), and enteroscopy (examination of the small bowel), among others.
The market report is well designed to provide an all-inclusive field of vision about the global laparoscopy and endoscopy devices market in terms of various factors, such as recent trends, technological advancements, competitive landscape, and regulatory environment of the market.The scope of this report is centered upon conducting a detailed study of the solutions allied with the global laparoscopy and endoscopy devices market.
The market has been segmented into 'Products', 'Application', 'End Users', and 'Region'.The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions.
The research uncovers some of the substantial parameters that must be taken into consideration before entering the market.
This research report aims at answering various aspects of the global laparoscopy and endoscopy devices market with the help of the key factors driving the market, threats that can inhibit the overall growth of the market, and the current investment opportunities that are going to shape the future trajectory of the market expansion. The study considers the growth-share matrix model for a comprehensive study of the global laparoscopy and endoscopy devices market and assesses the factors governing the same.
The answers to the following key questions can be derived from this report:
-- What are the major market drivers, challenges, and opportunities in the global laparoscopy and endoscopy devices market?
-- What was the market value of the leading segments and sub-segments of the global laparoscopy and endoscopy devices market in 2017?
-- How will each segment of the global laparoscopy and endoscopy devices market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2025?
-- What are the influencing factors that may affect the market share of the leading players?
-- How will the industry evolve during the forecast period 2018- 2025?
-- What are the key developments and strategies that are implemented by the key players to sustain in this market?
-- What are the key application areas of the global laparoscopy and endoscopy devices market? How are laparoscopy and endoscopy devices employed in different areas of application?
-- Who are the key players in the global laparoscopy and endoscopy devices market, and what are their contributions?
-- What is the scope of expansion by the key players of the global laparoscopy and endoscopy devices market in Asia, Latin America, and the Middle East?
The competitors in the global laparoscopy and endoscopy devices market can be categorized into two different sub-groups- manufacturers of laparoscopy devices, such as Ethicon Endo-Surgery, Medtronic, Stryker, Smith & Nephew, Boston Scientific, Richard Wolf, and Aesculap (B. Braun), among others, and manufacturers of endoscopic instruments, such as Olympus Corporation, Hoya Corporation, Karl Storz, Fujifilm, Pentax Medical, Endoshoice, and US Endoscopy (Steris Corporation), among others.
Executive Summary
In the last four decades, minimally invasive surgical procedures, such as laparoscopy, have significantly evolved as surgical tools and are used for a multitude of medical indications such as gynaecology, urology, cardiology, gastroenterology, and cardiology, among others.The reason for the continuous evolution of laparoscopic procedures is the technological advancement in this field and increasing patient preferences for undergoing minimally invasive surgeries.
Initially, the laparoscopy procedures were performed by making two-three small incisions for the insertion of miniaturized surgical instruments.However, recent developments in the laparoscopy market have introduced new techniques leaving no scarring after the surgical procedure.
For example, single port laparoscopy is one of the most advanced laparoscopic techniques using a single incision for performing a surgical operation while leaving little or no scars on the patient's body.
In 2017, the overall laparoscopy and endoscopy devices market was worth $18.39 billion and is growing with a CAGR of 4.80% in the forecast period, 2018-2025. Increasing number of surgical procedures performed using minimally invasive approaches (laparoscopy/endoscopy) is driving the growth of laparoscopy and endoscopy devices. For example, nearly 15 million laparoscopic procedures are performed every year, globally and the U.S. alone contributes to 32% of the number, i.e. around 4,800,000 procedures. Since the advent of laparoscopy in the 1990s, the technique is used to perform 1.2 million cholecystectomies. However, high procedural cost, high learning curve, and an increasing number of standards & regulatory oversight likely to restrain the growth of the market.
Currently, endoscopy devices segment occupies the largest share of the market with an estimated value of $10.33 billion, and the market is growing with a CAGR of 3.60% in the forecast period, 2018-2025. The major reason for the sluggish growth is the maturity of this technology in the developed regions such as North America and Europe. While there still exists a plethora of opportunities in the emerging regions, such as Asia-Pacific, Middle East, and Latin America, due to a rising number of government-funded cancer screening programs. The endoscopy devices segment can further be categorized into Endoscopes and Endoscopic Systems; Video and Visualization Systems; Instruments and Accessories; and Other (Reprocessing and Sterilization); among others. In 2017, endoscope and endoscopic systems had the largest market value of 4.23 billion; however, the video and visualization category is expected to be the fastest growing segment with a CAGR of 5.70% during the forecast period. The high growth rate for the video and visualization systems segment is primarily due to the rising demand for improving diagnostic accuracy from the medical community requiring enhanced image resolution. The endoscopy devices market segment can further be bifurcated into rigid and flexible endoscopes. In 2017, the flexible endoscopic devices constitute the largest segment (53% of the overall endoscopy devices market in 2017) with the global worth of $2.26 billion and are growing with a CAGR of 2.90% during the forecast period. The major drivers facilitating the growth of flexible endoscope devices market include increasing number of patients suffering from chronic diseases and GI disorders such as colorectal, oesophageal, or pancreatic cancers, biliary disease, and inflammatory bowel diseases among others.
There also exist significant opportunities for endoscopic re-processors as every endoscope must be decontaminated after its use to prevent cross-contamination of patients. The endoscopic devices market is also shifting from manual to standardized automated processing, representing as an excellent opportunity for companies existing/entering the endoscopy devices market.
In 2017, Laparoscopy devices segment of the market was worth $8.06 billion and is growing with a CAGR of 6.00% during the forecast period. The major reason for the growth in the laparoscopy devices segment is the rising number of surgical procedures being performed laparoscopically. The laparoscopy devices segment can further be categorized into Laparoscopes and Systems; Energy Devices; Insufflators; Suction or Irrigation Systems; Closure Devices; Hand Instruments; Access Devices; Video and Visualization Systems; and Other Accessories; among others. In 2017, laparoscopes and systems; video and visualization systems; and insufflators were the largest product types in the laparoscopy devices segment, with a value of $2.25 billion, $1.53 billion and $1.09 billion respectively.
Countries Covered
-- North America
-- The U.S.
-- Canada
-- Europe
-- The U.K.
-- Germany
-- France
-- Italy
-- Spain
-- The Netherlands
-- Belgium
-- Asia-Pacific
-- India
-- China
-- Japan
-- South Korea
-- Australia
-- Malaysia
-- Singapore
-- Latin America
-- Brazil
-- Mexico
-- Rest of Latin America
-- Middle East and Africa (MEA)
-- Kingdom of Saudi Arabia (KSA)
-- UAE
-- Israel
-- South Africa
-- Rest of MEA
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