The Global Endoscopic Operative Devices Market is projected to expand at a CAGR of 5.6%, to reach USD 11.35 Billion in 2032 from USD 7.37 Billion in 2023 during the forecasted period 2023 to 2032. The rise in the prevalence of the diseases, which actually require endoscopic surgeries are expected to aid the growth of the endoscopic devices market during the forecasted period. In addition, rise in the investments for the Endoscopic surgeries and for the respective diagnostic equipment will mark a robust growth during the forecasted period.
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.
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Key Coverage of the Report
- Region and country wise assessment from the period 2023-2026. 2017 has been utilized as historic data and 2023-2025, has been derived as forecasts.
- Regional Competitors Pricing Strategy
- Demand and Supply GAP Analysis
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Salient Trends of the Endoscopic Operative Devices Market
- Endoscopic Operative Devices market is expected to grow at a CAGR of 5.6% in terms of value and reach USD 11.35 Billion in 2032.
- 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
- The increasing incidence of diseases and surgeries including gastrointestinal surgeries, cardiovascular surgeries and ENT surgeries among others are likely to affect the demand for endoscopy. Increasing incidence of cancers has also led to a shift among surgeons and doctors towards endoscopy.
- The rate of incidence of diseases including cancer, gastrointestinal diseases and cardiovascular diseases among others in Europe has increased over time. Based on statistics published by the World Health Organization (WHO), with more than 3.7 million new cases and 1.9 million deaths each year, cancer is the second most important cause of death and morbidity in Europe.
- In March 2023, Boston Scientific acquired EMcision, Limited, a privately held company located in the United Kingdom and Canada. The acquisition expanded the Boston Scientific Endoscopy portfolio to include the HabibTM EndoHPB probe, a novel endoscopic bipolar radiofrequency device, which coagulates tissue in the gastrointestinal (GI) tract.
- The Habib EndoHPB probe which is used by physicians in the treatment and palliative care of patients living with pancreatic biliary cancers; is cleared by the U.S. Food and Drug Administration and received CE mark in the European Union.
- Minimally Invasive Surgeries offers patients number of benefits. There is decreased risk of complications where the use of small incisions allows for less blood loss which in turn reduces the risk of infection and less injury to pain.
- The incision size is extremely small as compared to the incisions used in open surgeries. Depending on the procedures being performed, Minimally Invasive Surgeries uses <½-inch to 1-inch whereas in Open surgeries the incision size generally ranges anywhere from 3-inches to 8-inches.
- Endoscopy procedures are safer, and enable quick recovery, compared to conventional methods making them the perfect choice for gastroenterology, gynecology, otolaryngology, laparoscopy and urology.
- Technological advances like latest imaging technologies, narrow band imaging, and confocal micro endoscopy and HD cameras have resulted in the generation of high-quality images; and changing patient demographics as well is expected to aid a strong growth in coming years of this market.
Companies considered and profiled in this market study
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.
Market-O-Nomics
- The valuation for endoscopic operative devices market was USD 7.37 Billion in 2023 and it is expected to grow to USD 10.13 billion by 2026.
- The increase in number of hospitals due to the rise in demand for the surgeries and treatments is expected to drive the market. Moreover, rise in investments into endoscopic surgeries by various institutions across the globe will aid to the rise in growth of the endoscopic equipment market significantly during the forecasted period. The rise in the prevalence of the diseases which actually require endoscopic surgeries are expected to aid the growth of the endoscopic devices market during the forecasted period.
- For instance, superior labrum anterior-posterior (SLAP) lesions of the shoulder that require surgical repair are comparatively uncommon. Nevertheless, recent observations suggest that there may be a rise in the incidence of SLAP lesion repair.
- 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.
- The Minister for Health of Ireland Simon Harris TD marked the investment by the hospital in state of the art diagnostic equipment and facilities. Also as per the recent announcement in October 2023, North Shore which is a part of the urban area of Auckland, New Zealand and Whangarei as well, will receive a USD 224 million funding boost to improve surgery units and add new facilities by the New Zealand Government.
- The investment in a new elective surgery unit will add 120 elective surgery beds and four new operating theatres at North Shore Hospital and new endoscopy and cardiac care capacity at Whangarei Hospital. Additionally, in February 2017, a donation from the Henry Bloom Noble Healthcare Trust has contributed towards better endoscopy screening facilities at Noble’s Hospital.
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2023 to 2032. For the purpose of this study, have segmented the endoscopic operative devices market on the basis of Type, Applications and Region:
Type (Revenue, USD Million; 2023–2032)
- Energy Systems
- Suction/Irrigation Systems
- Access Devices
- Operative Hand Instruments
- Others (Insufflation Devices, Wound Protectors, Snares)
Applications (Revenue, USD Million; 2023–2032)
- Urology/Gynecology Surgeries
- ENT Surgeries
- Neuro/Spinal Surgeries
- Laparoscopy Surgeries
- Others
Regional Outlook (Revenue, USD Million; 2023–2032)
- 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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