US Endoscopy Devices Market - Segmented by Type of Endoscopy Devices and Application - Growth, Trends and Forecasts (2018 - 2023)
The US endoscopy devices market is expected to register a CAGR of about 6.38% during 2018-2023 (the forecast period). According to the American Board of Surgery, endoscopy is one of the top-five procedures performed by certified surgeons in the United States.
Endoscopy is carried out to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growth in the colon, along with other abdominal and gastrointestinal conditions. This minimally invasiveness of this procedure, with quite less complication, makes it one of the most-preferred procedures.
Growth in Demand for the Use of Minimally Invasive Procedures in Surgeries
In America, a new analysis of the surgical outcomes concludes that increased usage of minimally invasive surgery for certain common procedure can reduce post-operative complications and, thus, save hundreds of millions of dollars of the US healthcare bill.
The growth of the geriatric population in the United States has reduced the healthcare cost and improved patient quality of life. These factors are fuelling the US endoscopy devices market.
Infections Caused by Endoscopes
Infections caused by endoscopes is one of the major restraints to the market. It has been observed that contaminated endoscopes are the major cause for the outbreak of infections. The most common infections are associated with ERCP (Endoscopic Retrograde Cholangiopancreatography) procedures. The carbapenem-resistant enterobacteriacae (CRE) are often found in duodenoscopes that are not removed by conventional cleaning and sterilization procedures. Therefore, infections can pass on from patient to patient. These infections are considered fatal in certain cases. Some parts of the endoscope are extremely difficult to access and clean thoroughly.
Other factors, such as dearth of trained physicians to operate the equipment, is also restraining the market growth.
The US Endoscopy devices market has been segmented on the basis of type of endoscopy device and application. By type of endoscopy device, the market has been segmented into rigid endoscope, flexible endoscope, capsule endoscope, surgical endoscope, robot-assisted endoscope, and ‘others’. By application, the market has been segmented into Laparoscopy, GI endoscopy, Bronchoscopy, Arthroscopy, Urology endoscopy, Colonoscopy, Gynic endoscopy, Neuroendoscopy, Sigmoidoscopy, Laryngoscopy, Duodenoscopy, Nasopharyngoscopy, Rhinoscopy, Pharyngoscopy, and Others.
Major Players: OLYMPUS CORPORATION, COVIDIEN, FUJIFILM MEDICAL SYSTEMS, COOK MEDICAL, CONMED, ARTHREX, HOYA CORPORATION, ETHICON ENDO-SURGERY (JOHNSON & JOHNSON), PENTAX MEDICAL amongst others.
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