Dublin, Sept. 19, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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.
Key Topics Covered:
Executive Summary
1 Market Overview
1.1 Global Addressable Market Size and Growth Potential: Laparoscopy and Endoscopy Devices
1.2 Key Regional Markets for Laparoscopy and Endoscopy Devices
1.2.1 North America Addressable Market Size and Growth Potential: Laparoscopy and Endoscopy Devices
1.2.2 Europe Addressable Market Size and Growth Potential: Laparoscopy and Endoscopy Devices
1.2.3 Asia-Pacific Addressable Market Size and Growth Potential: Laparoscopy and Endoscopy Devices
1.2.4 Latin America Addressable Market Size and Growth Potential: Laparoscopy and Endoscopy Devices
1.2.5 Middle East and Africa (MEA) Addressable Market Size and Growth Potential: Laparoscopy and Endoscopy Devices
1.3 Recent Launches: Laparoscopy and Endoscopy Devices Market
1.4 Recent Technological Advancements in the Field of 3D Endoscopic Surgery
2 Market Dynamics
2.1 Overview
2.2 Impact Analysis
2.3 Drivers
2.4 Restraints
2.5 Opportunities
3 Competitive Landscape
3.1 Key Developments and Strategies
3.1.1 Product Launches and Development
3.1.2 Mergers and Acquisitions
3.1.3 Collaboration, Partnerships, and Joint Ventures
3.1.4 Business Expansion and Contracts
3.1.5 Others
3.2 Market Share Analysis
3.3 Industry Attractiveness
3.3.1 Threat of New Entrants
3.3.2 Threat of Substitute Products
3.3.3 Bargaining Power of Buyers
3.3.4 Bargaining Power of Suppliers
3.3.5 Intensity of Competitive Rivalry
3.4 Patent Analysis
4 Comparative Analysis
4.1 Demand Analysis
4.2 Opportunity Mapping
4.3 Cost Comparison
4.4 Patient Compliances and End-User Perceptions
4.5 Regional Comparison of Adoption Rate
5 Pricing Analysis
5.1 Cost Differences Between Robotic Assisted Procedures as well as Non Robotic Procedures
5.2 Pricing Analysis: Colonoscopy Verses Capsule Endoscopy
5.3 Laparoscopy and Endoscopy Devices: Price (in $)
6 Surgical Procedure Volumes (Quantitative Data)
6.1 Colonoscopy Procedure Volume
6.2 Endoscopy Procedure Volume
6.3 Laparoscopic Procedure Volume
6.4 Inguinal Hernia Procedure Volume
6.5 Laparoscopic Inguinal Hernia Procedure Volume
6.6 Cholecystectomy Procedure Volume
6.7 Laparoscopic Cholecystectomy Procedure Volume
6.8 Hysterectomy Procedure Volume
6.9 Laparoscopic Hysterectomy Procedure Volume
7 Global Laparoscopy and Endoscopy Devices Market, by Product
7.1 Overview
7.2 Endoscopy, by Sub-Product
7.3 Endoscopy, by Region
7.4 Endoscopy, by Type
7.4.1 Rigid Endoscopes Market, by Type
7.4.2 Rigid Endoscopes Market: Urology Rigid Endoscopes Market, by Type
7.5 Flexible Endoscopes Market, by Type
7.5.1 Flexible Endoscopes Market: Gastrointestinal Flexible Endoscopes Market, by Type
7.6 Video and Visualization Systems Market, by Type
7.7 Instruments and Accessories Market, by Type
7.8 Capsule Endoscopy Market, by Sub Products
7.9 Laparoscopy Market, by Sub-Product
7.10 Laparoscopy Market: Video and Visualization Systems Market, by Type
8 Global Laparoscopy and Endoscopy Devices Market, by Application
8.1 Overview
8.2 General Surgery
8.3 Cardiac Surgery
8.4 Gynecology Surgery
8.5 Orthopaedic Surgery
8.6 Urologic Surgery
8.7 Bariatric Surgery
8.8 Neurological Surgery
9 Global Laparoscopy and Endoscopy Devices Market, by End Users
9.1 Hospitals
9.2 Ambulatory Surgical Centers
9.3 Others
10 Global Laparoscopy and Endoscopy Devices Market, by Region
11 Company Profiles
- Arthrex Inc.
- B. Braun Melsungen AG
- Boston Scientific Corporation
- CONMED Corporation
- Cogentix Medical, Inc.
- Cook Medical LLC
- Fortimedix Surgical B.V.
- FUJIFILM Medical Systems U.S.A., Inc.
- Johnson & Johnson Corporation
- KARL STORZ SE & Co. KG
- Life Care Medical Devices Limited
- Medtronic Plc
- Olympus Corporation
- Pentax Medical
- Richard Wolf GmbH
- Smith & Nephew plc
- Stryker Corporation
- Silex Medical, LLC
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