The global Endoscopic Operative Devices market is expected to reach USD 10.13 billion by 2026, according to a new report by Reports and Data. 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. 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.
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.
Top Companies Profiled in the Report Include:
Medtronic plc. Ethicon Endo-Surgery, Inc , Fujifilm Holdings Corporation Stryker Corporation, Smith & Nephew PLC, Olympus Corporation, HOYA Corporation, Intuitive Surgical, Inc , Cook Medical, Inc.
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The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Endoscopic Operative Devices market in these key regions.
Country-wise regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Additionally, the report consists a detailed analysis of the segmentation of the Endoscopic Operative Devices market based on product types and end-use/application offered in the Endoscopic Operative Devices market.
For the purpose of this report, Reports and Data have segmented global Endoscopic Operative Devices on the basis of Type, Applications and Region:
Type (Revenue, USD Million; 2018–2026)
- Energy Systems
- Suction/Irrigation Systems
- Access Devices
- Operative Hand Instruments
- Others (Insufflation Devices, Wound Protectors, Snares)
Applications (Revenue, USD Million; 2018–2026)
- Urology/Gynecology Surgeries
- ENT Surgeries
- Neuro/Spinal Surgeries
- Laparoscopy Surgeries
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