Endotherapy devices are used to perform endoscopy, which can be either surgical or non-surgical, used to localize any kind of abnormality inside the body. Various types of endotherapy devices are sliding tubes, guide tubes, trocar sleeves, or trocar pins, which are inserted in the body surgically or non-surgically. These devices are used to examine chronic pancreatitis, ulcers, stomach bleeding, abdominal pain, infection in digestive tract, and abnormal growth in gastrointestinal tract or colon. Endoscopy is also performed post-surgeries in order to detect complications, if any. Endoscopic Retrograde Cholangiopancreaticography (ERCP) is a special type of endoscopy that takes images of gallbladder, pancreas, and other internal organs and is also used for biopsies and stent placement. Endoscopy is generally safe, but may give rise to certain complications, such as, reaction to sedation, bleeding, infection, and perforation. 

Different types of endotherapy devices are available in the market based on their applications, such as, arthroscopy (for joints), GI endoscopy (for GI tract based applications), laparoscopy (for various surgeries in pelvic and abdomen area), hysteroscopy and ureteroscopy (for urology applications), cystoscopy, bronchoscopy (for lungs), laryngoscopy (larynx), and other types that cover various parts of the body. The visualization system of endotherapy devices consists of video processors, image convertors, cameras, monitors, and light source.

The global endotherapy devices market is majorly driven by increase in prevalence of diseases that require endoscopy, such as, stomach ulcers, gastrointestinal infections, and chronic pancreatitis. For instance, according to literature review, incidence of chronic pancreatitis in the U.S. was 4.05% in 2015. In addition, rise in health care expenditure and favorable government regulations are expected to boost the growth of the global endotherapy devices market in the next few years. Furthermore, market players are involved in the deployment of advanced techniques and strategies to come up with novel ways for endoscopy. However, dearth of skilled professionals and improper sterilization associated with endoscopy devices that lead to infections are expected to restrain the growth of the market during the forecast period. Nevertheless, emerging nations, such as, China and India are expected to provide attractive opportunities to the market players operating in the endotherapy devices market during the analysis period. 

The global endotherapy devices market can be segmented based on product type, application, end-user, and region. Based on product type, the market can be divided into ERCP devices and accessories, gastrointestinal devices and accessories, and other endotherapy devices and accessories. ERCP devices and accessories can be further classified into sphincterotomes, guide wires, extraction baskets, catheters, balloon dilation, extraction balloons, metal stents, plastic stents, and others. Gastrointestinal devices and accessories can be further categorized into injection needles, biopsy forceps, graspers, polypectomy snares, hemoclips, and others. Other endotherapy devices and accessories can be split into distal end caps, mouthpieces, cleaning brushes, polyp traps, and others. In terms of application, the endotherapy devices market can be classified into gastrointestinal endoscopy, laparoscopy, bronchoscopy, neuro-endoscopy, arthroscopyurology endoscopy, and others. Based on end-user, the market can be divided into hospitals, clinics, and others. 

In terms of region, the global endotherapy devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America captured the leading share of the global market in 2017 due to technologically advanced health care and research industry, growth in geriatric population, increase in the number of minimally invasive surgeries, significant adoption of advanced products, and presence of a large number of manufacturers in the U.S. Asia Pacific and Latin America are expected to be lucrative markets for endotherapy devices during the forecast period. The endotherapy devices market in Asia Pacific and Latin America is projected to grow rapidly during the forecast period owing to increase in investment by leading players in these regions and increase in government expenditure for the advancement of health care system in these regions. 

Key players operating in the global endotherapy devices market include Boston Scientific Corporation, Smith & Nephew, Plc., Conmed Corporation, Olympus Corporation, Hoya Corporation, Stryker, Fujifilm Holdings Corporation, Karl Storz GmbH & Co. KG, Medtronic Plc., and Johnson & Johnson.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.