Increasing adoption of minimally invasive spine surgery among patients in the U.S. is also likely to stimulate market growth
Market Size – USD 6.57 billion in 2018, Market Growth - CAGR of 5.6%, Market Trends – Increased adoption across various applications
NEW YORK, Feb. 26, 2019 (GLOBE NEWSWIRE) -- The global Endoscopic Operative Devices market is expected to reach USD 10.13 billion by 2026, according to a new report by Reports and Data. Endoscopy has also gained importance for minimally invasive surgeries. For instance: Over the years, endoscopic spine surgeries have witnessed a rising trend. In case of this surgery, patients are provided with quicker recovery and less pain than traditional spine surgery. Moreover, other benefits such as minimal or no blood loss, faster recovery and preservation of spinal mobility have also led to a wider acceptance of this method.
Increasing adoption of minimally invasive spine surgery among patients in the U.S. is also likely to stimulate market growth. The demand has almost doubled in the UK centers over the last 5 years. Similarly, in the U.S., the National Health Statistics Report for 2017 suggested that the most frequently performed procedures in the country included endoscopy of the large intestine which accounted for around 4 million and endoscopy of the small intestine which was around 2.2 million.
There has been rise in the investments for Endoscopic surgeries as well as into the respective diagnostic equipment. For instance, in September 2016, Beacon Hospital invested over €34 million in new diagnostic equipment and world-class Endoscopy, Oncology and Urology Facilities.
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Further key findings from the report suggest
- Laparoscopy Surgeries is expected to account for largest share of global endoscopic operative devices application market. The segment is expected to reach USD 3661.5 million in 2026. Gastrointestinal (GI) endoscopy surgeries account for a significant share of the laparoscopy surgeries segment. GI endoscopy is majorly used for diagnosing problems associated with the GI tract of such as ulcers or muscle spasms. While the upper GI endoscopy involves diagnosis of the esophagus, stomach and the upper small bowel called duodenum, colonoscopy involves diagnosis of inflamed mucous lining of intestines, abnormal growths and bleeding in the colon.
- Asia Pacific market is forecasted to grow at a CAGR of 6.2% in the coming years. Over the last decade, there has been an increase in the incidence of cancer in China. A 2015 report suggested that cancer was the leading cause of death in China and a major public health problem. Among the 5 most common cancer diagnosed in men are cancers of the lung and bronchus, stomach, esophagus, liver, and colorectal.
- Key participants include Boston Scientific Corporation, Medtronic plc. Ethicon Endo-Surgery, Inc , Fujifilm Holdings Corporation Stryker Corporation, Smith & Nephew PLC, Olympus Corporation, HOYA Corporation, Intuitive Surgical, Inc, Cook Medical, Inc.
Read more at: https://www.reportsanddata.com/report-detail/endoscopic-operative-devices-market
For the purpose of this report, Reports and Data have segmented global Endoscopic Operative Devices on the basis of Type, Applications and Region:
Type (Revenue, USD Million; 2018–2026)
- Energy Systems
- Suction/Irrigation Systems
- Access Devices
- Operative Hand Instruments
- Others (Insufflation Devices, Wound Protectors, Snares)
Applications (Revenue, USD Million; 2018–2026)
- Urology/Gynecology Surgeries
- ENT Surgeries
- Neuro/Spinal Surgeries
- Laparoscopy Surgeries
- Others
Regional Outlook (Revenue, USD Million; 2018–2026)
- North America
• U.S. - Europe
• Germany
• France
• UK
• Netherlands
• Switzerland
• Italy - Asia Pacific
• China
• India
• Japan
• South Korea - Middle East & Africa
- Latin America
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