Endotherapy Devices Market by Product (GI Devices & Accessories, ERCP Devices & Accessories, Other Endotherapy Devices & Accessories), Application (Laparoscopy, Urology Endoscopy, Bronchoscopy, Arthroscopy, Neuro-Endoscopy, Gastrointestinal Endoscopy

The Global Endotherapy Devices Market size was valued at USD 3.84 Billion in 2019 and is predicted to reach USD 6.63 Billion by 2030 with a CAGR of 5.1% from 2020-2030.

Endoscopy is a minimally invasive medical procedure for diagnosis, prevention, and treatment of complications in the visceral organs. Endotherapy is the therapeutic procedure which involves the application of endoscopy. The endotherapy devices are either planted in the body via natural openings or through incisions, especially in case of arthroscopy. It is used in case of targeted diseases such as colon cancer and gastrointestinal disorders, as these devices help use minimally invasive techniques to treat the patient. Endoscopy is also performed post-surgeries in order to detect complications. Endotherapy is generally safe but may give rise to complications such as infection and bleeding.

Market Dynamics and Trends:

Endotherapy devices market is primarily driven by increasing prevalence of diseases such as cancer and chronic pancreatitis that require minimally invasive medical procedure. All over the world, lung cancer and breast cancer are the leading causes of death among men and women respectively. Additionally, rise in geriatric population, which is at high risk of chronic diseases such as arthritis is also estimated to drive the market growth. Other factors such as preference for minimal invasive treatments and technological advancements leading to ultrahigh-definition visualization systems also augment to boost the market growth.

However, lack of skilled physicians & endoscopists, high cost of devices and infections caused by a few endotherapy devices might hamper the endotherapy devices market growth.

Market Segmentations and Scope of the Study:
The global endotherapy devices market share has been analyzed based on product, application, end user and geography. Based on product, the market is categorized into GI devices & accessories, ERCP devices & accessories, and others. The GI devices & accessories segment is further classified into biopsy forceps, injection needles, polypectomy snares, graspers, hemoclips, and others. The ERCP devices & accessories segment is subsegmented into guide wire, sphincterotome, catheter, extraction basket, extraction balloon, balloon dilation, plastic stent, metal stents, and others. The other endotherapy devices & accessories segment is subdivided into mouthpiece, distal end cap, polyptrap, cleaning brush, and others. Based on application, the market is segmented into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuro-endoscopy, gastrointestinal endoscopy, and others. Based on end users, the endotherapy devices market is categorized into hospitals, clinics, and others.Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America is estimated to hold the largest endotherapy devices market share during forecast period owing to its developed healthcare & research industry, growing geriatric population, rising incline towards minimally invasive surgeries and presence of major key players. Moreover, emerging economies of Asia- Pacific region are estimated to show the fastest growth due to rising investments by market players and rising government expenditure for developments in healthcare industry.

Competitive Landscape

:
The Global Endotherapy Devices Market is highly competitive and consists of numerous market players. Some of the major market players are Hoya Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Conmed Corporation Medtronic Plc., Karl Storz GmbH & Co. KG, Smith & Nephew, Plc, and Johnson & Johnson., B. Braun Melsungen AG and others.

There have been various developments taking place in the market that further enhance the growth of endotherapy devices market on a large scale. For instance, In July 2020, Olympus, a worldwide innovation pioneer in planning and conveying creative answers for clinical and surgeries, reported the business accessibility of its 510(k) cleared EZ Clip endotherapy gadget, a reloadable and rotatable hemostasis cut intended for drain control and deformity conclusion during GI endoscopy systems. Also, in Oct 2020, Olympus announced the 510(k) market availability of two colonoscopes, the PCF-H190T and the PCF-HQ190. These give an increase to the current capacities for specialists to break down and treat issues of the gastrointestinal tract.


KEY MARKET SEGMENTS:

· By Product:
GI Devices & Accessories
Biopsy Forceps
Injection Needles
Polypectomy Snares
Grasper
Hemoclips
Others
ERCP Devices & Accessories
Guide Wire
Sphincterotome
Catheter
Extraction Basket
Extraction Balloon
Balloon Dilation
Plastic Stent
Metal Stents
Others
Other devices
Mouthpiece
Distal End Cap
Polyp Trap
Cleaning Brush
Others
·

By Application

:
Bronchoscopy
Arthroscopy
Laparoscopy
Urology Endoscopy
Neuro Endoscopy
Gastrointestinal endoscopy
Others
· By End user:
Hospital
Clinic
Others
By Region
North America
US
Canada
Europe
Germany
UK, France
Spain
Italy
Switzerland
Sweden
Rest of Europe
Asia Pacific APAC
China
Japan
India
South Korea
Malaysia
Rest of APAC
Rest of the world
Brazil
Saudi Arabia
South Africa
Remaining Countries