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, Other), End Users (Hospitals, Clinics, Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Industry: Healthcare | Publish Date: 27-Nov-2024 | No of Pages: 587 | No. of Tables: 344 | No. of Figures: 314 | Format: PDF | Report Code : HC55
Market Definition:
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.
Endotherapy is the therapeutic procedure that involves the application of endoscopy devices, which are either planted in the body via natural openings or through incisions, especially in case of arthroscopy. Endoscopy is done for diagnosis, prevention, and treatment of complications in the visceral organs. Endoscopy devices are widely used in cases of targeted diseases such as colon cancer and gastrointestinal disorders, through minimally invasive techniques to treat the patient. It 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 procedures. Globally, 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 such diseases is also estimated to drive the market growth. Moreover, other factors such as preference for minimally invasive treatments and technological advancements leading to ultrahigh-definition visualization systems are also expected to augment the market growth. However, lack of skilled physicians & endoscopists, high cost of devices and infections caused by a few endotherapy devices are factors that 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 sub segmented 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, polyp trap, 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 highest share in endotherapy devices market during the forecast period owing to its developed healthcare & research industry, growing geriatric population, rising inclination towards minimally invasive surgeries and presence of major key players in this region. However, emerging economies such as the countries in Asia-Pacific region are also estimated to grow significantly due to rising investments, consistent upsurge in population and government support for the development of their 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 Olympus Corporation, Cook Medical, Boston Scientific Corporation, Fujifilm Corporation, Conmed Corporation, Medtronic, Karl Storz, Johnson and Johnson Consumer Inc., Micro-Tech (Nanjing) Co., Ltd., and TaeWoong Medical Co.,Ltd.
There have been various developments taking place in the market that further enhance the growth of endotherapy devices market at 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 Benefits:
-
The Endotherapy Devices Market report provides quantitative market analysis and estimations through 2020-2030 that assists to determine the predominant market opportunities to exploit.
-
The study comprises a deep drive analysis of Endotherapy Devices Market Trends including current and upcoming trends for interpreting the prevalent investment pockets in the market.
-
The report gives intricate information related to key drivers, restraints, opportunities and their impact on Endotherapy Devices Market.
-
The report consolidates a competitive analysis of the market players along with their market share in global Endotherapy Devices Market.
-
The study elaborates SWOT analysis and Porters Five Force model for the Endotherapy Devices Market.
-
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles in the global Endotherapy Devices Market.
Key Market Segments:
By Product
-
GI Devices & Accessories
-
Biopsy Forceps
-
Injection Needles
-
Hemoclips
-
Others
-
-
ERCP Devices & Accessories
-
Guide Wire
-
Catheter
-
Plastic Stent
-
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
-
Mexico
-
-
Europe
-
Germany
-
France
-
UK
-
Rest of Europe
-
-
Asia Pacific APAC
-
China
-
Japan
-
India
-
Singapore
-
Malaysia
-
Thailand
-
Rest of APAC
-
-
Rest of World
-
Brazil
-
Saudi Arabia
-
South Africa
-
Remaining Countries
-
Key Players:
-
Olympus Corporation
-
Cook Medical
-
Boston Scientific Corporation
-
Fujifilm Corporation
-
Conmed Corporation
-
Medtronic
-
Karl Storz
-
Johnson and Johnson Consumer Inc.
-
Micro-Tech (Nanjing) Co., Ltd.
-
TaeWoong Medical Co., Ltd.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Product (GI Devices & Accessories, ERCP Devices & Accessories, Other Endotherapy Devices & Accessories) By Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endotherapy, Neuroendoscopy, Gastrointestinal Endoscopy, Other Applications) By End User (Hospital, Clinic, Other End Users) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Malaysia, Thailand, Rest of APAC), Rest of the World (Brazil, South Africa, Saudi Arabia, Remaining Countries) |
|
Companies Profiled |
Olympus Corporation, Cook Medical, Boston Scientific Corporation, Fujifilm Corporation, Conmed Corporation, Medtronic, Karl Storz, Johnson and Johnson Consumer Inc., Micro-Tech (Nanjing) Co., Ltd., TaeWoong Medical Co.,Ltd. |
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Speak to Our Analyst
Related Report
Related Blogs
Role Of Companies In Shaping The Blood Gas And Electrolyte Analyzer Market
According to Next Move Strategy Consulting, the global blood...
Analysis of Key Players Operating in the Global Surgical Instrument Industry
Next Move Strategy Consulting forecasts more than 1.7-fold g...
CBCT Industry Is Dominated By Dentsply Sirona, Philips, & Vatech With More Than 45% – Know Why
Next Move Strategy Consulting predicts a significant growth...
