Endoscopes Market Predicted to Grow at a Moderate Pace Through 2026
Endoscopes are medical devices used in endoscopy procedure to observe and treat the internal organs. Endoscopy is minimal invasive procedure in which endoscope is placed inside body either through body openings (mouth, anus etc.) or by making small incisions on the body. Endoscope is equipped with camera allows visualization of internal organs over the video monitor with the help of visualization system. Along with diagnostic purpose, endoscopy also allows sample removal from affected organs (in case of cancer). It is majorly used in surgical procedure as means for minimally invasive surgeries. Endoscopy systems consist of endoscope, visualization system, endo therapy devices, and other devices. Endoscopes has different types based on its applications such as GI endoscopy (for GI tract based applications), arthroscopy (for joints), cystoscopy, hysteroscopy and ureteroscopy (for urology applications), laparoscopy (for various surgeries in pelvic and abdomen area), bronchoscopy (for lungs) laryngoscopy (larynx), and other types that covers various parts. Visualization system consist of the cameras, video processors and convertor, light source, and monitors. Endo therapy devices consist of the endoscopic retrograde cholangiopancreatography devices (ERCP), endoscopic mucosal resection and dissection devices, and ultrasound endoscopes.
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The global endoscopes market was valued at US$ 29,151 million in 2017, and is expected to witness a CAGR of 6.6% over the forecast period (2018 – 2026).
Endoscope are routinely used to diagnose and treat gastrointestinal diseases such as ulcerative colitis, Crohn’s disease, pancreatic, chronic constipation, and other GI tract associated disease. Increasing prevalence of these diseases worldwide are propelling demands for sophisticated endoscope. According to a study published in the Lancet, in October 2017, around 319 (U.S.) and around 322 (Europe) cases of Crohn’s disease per 100,000 people were reported in the mentioned region. According to the journal of Gastroenterology’s on Inflammatory Bowel Disease (IBD) in 2017, around 1.6 million patient in the U.S were suffering from of IBD. Moreover, emerging economies such as China and India are witnessing high prevalence of these disease. For instance, China has high incidence of Inflammatory Bowel Disease with 344 patients per 100,000 population, according to epidemiological study published in 2013, in the Gastroenterology Journal. Increasing prevalence of different type of cancers worldwide are expected to propel growth of the endoscopes market.
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