Application of Endosurgery Devices in Laparoscopic Surgeries to Rise
Technological advancements have played an imperative role in transforming the modern day healthcare industry. Over the past decade, minimally invasive surgeries, also known as laparoscopy, have garnered significance, as they require smaller incisions. With additional efforts toward minimizing the size of surgical incisions, minimally invasive procedures are set to gain traction in the near future. The advent of robotic technology, significant developments in endomechanical devices, and adoption of cutting-edge optical camera and imaging technologies are projected to accelerate the growth of the endosurgery devices market during the forecast period (2019-2027).
The demand for laparoscopic procedures is witnessing a notable growth across the world, owing to a range of benefits, such as less morbidity, faster healing, swift recovery, improved outcome, and low degree of discomfort. Surge in the adoption of these procedures has directly impacted the demand for endosurgery devices. Moreover, growing awareness regarding the advantages of laparoscopic surgeries, advent of robotic assisted endosurgery devices, and evolution of modern day surgical procedures are some of the leading factors that are expected to propel the expansion of the endosurgery devices market in the near future.
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Robot-assisted Endoscopy to Replace Conventional Endoscopic Procedures
Minimally invasive procedures are associated with shorter hospital stays and significantly low degree of discomfort compared to conventional surgical techniques. However, despite these advantages, alternative treatments such as technologically advanced endoscopic surgeries, which include natural orifice transluminal endoscopic surgery (NOTES), endoscopic sub mucosal dissection (ESD), and suturing that require training and a high level of expertise could slow down the growth of the endosurgery devices market.
Although a broad range of endosurgery devices, such electrosurgical knifes, hemostatic forceps, suturing devices, and distal attachment caps are available, these conventional endosurgery devices lack the capabilities of advanced endosurgery devices. For instance, there is a dearth of desired dexterity required to carry out fine surgical maneuvers such nonaxial tissue manipulation and triangulation of instruments. Due to the limitations of conventional endosurgery devices, endoscopic robotic systems have made an entry into the endosurgery devices market. The entry of robotic endosurgery devices, including dissection tools, electrocautery devices, and sutures have resulted in effective, precise, reliable, and safe endoscopic procedures. At present, manufacturers operating in the endosurgery devices market are focusing on addressing the issues pertaining to instrument control and locomotion to improve the performance and overall output of these devices.
Participants within the endosurgery devices sphere are investing resources on the development of robotic systems with improved flexibility. For instance, the Flex Robotic System manufactured by Medrobotics was specially developed to perform neck and head surgeries. It was given the U.S. FDA approval in 2017. The adoption of these devices is expected to gain steady momentum in the coming years, as these devices continue to simplify the complexities involved with conventional procedures.
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Companies Launch Advanced Endosurgery Devices to Expand Global Footprint
Sensing the growing demand for advanced endosurgery devices, stakeholders in the current endosurgery devices market landscape are leaning toward the development of new, cutting-edge endosurgery devices and are simultaneously pushing to gain approval from the FDA. For instance, in September 2019, Apollo Endosurgery was given the FDA clearance for the newly developed suture anchor device specifically designed to work in conjunction with OverStitch endoscopic suturing systems. The company revealed that obtaining the clearance from the FDA would enable it to improve the overall distribution of their suture-anchor systems and gross margins. Moreover, with better control over their supply chain, the company aims to expand its footprint in the global endosurgery devices market.
In September 2019, Ethicon launched the first powered circular stapler to address the complications related to gastric, thoracic, and colorectal surgery. The newly developed endosurgery device, ECHELON CIRCULAR Powered Stapler is a combination of two novel technologies of the company –3D Stapling Technology and Gripping Surface Technology (GST). Companies operating in the healthcare technology sphere are expected to focus on the development of cutting-edge devices that offer high degree of precision, accuracy, and end results.
Endosurgery Devices Market: Overview
- According to the latest report published by Transparency Market Research on the global endosurgery devices market for the historical period 2017-2018 and forecast period from 2019 to 2027, technological advancements and increase in the number of surgeries are projected to be major drivers of the global endosurgery devices market during the forecast period
- The global endosurgery devices market was valued at ~US$ 8.8 Bn in 2018 and is expected to expand at a CAGR of ~4% from 2019 to 2027
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Rise in Minimally Invasive Surgeries
- Usage of endosurgery devices in several surgical applications is increasing due to its characteristics such as ease of use, less pain caused to patients, and lower risk of side effects after the surgery
- Utilization of endosurgery devices in bariatric applications is rising due to obesity and rise in awareness about its treatments
Surge in Adoption of Advanced Robotic Endosurgery Devices
- Recent developments in technology have led to a rise in the usage of advanced endosurgery devices such as the smart stapling system
- Intuitive Surgical (da Vinci) offers SureForm 60, which is a robotic stapling instrument
- The advent of robotic surgical systems and adoption among various specialties drive the demand for advanced surgical instruments to be used in these robotic surgical procedures. This has encouraged key surgical robot manufacturers to develop new endosurgery devices indigenously and in collaboration with key endosurgery device manufacturers.
Endosurgery Devices Market: Competition Landscape
- Detailed profiles of manufacturers of endosurgery devices have been provided in the report to evaluate their key product offerings, financials, business strategies, and recent developments
- The global endosurgery devices marketis fragmented due to the presence of several large and small players in the market
- Major players operating in the global endosurgery devices market are
- Medtronic
- Stryker
- Ethicon, Inc.
- KARL STORZ SE & Co. KG
- Olympus Corporation
- Erbe Elektromedizin GmbH
- Meril Life Science Pvt. Ltd
- Healthium Medtech
- Conmed Corporation
- Reach Surgical
In the global endosurgery devices market report, we have discussed individual strategies, followed by company profiles of the manufacturers of endosurgery devices. The ‘competitive landscape’ section has been included in the global endosurgery devices market report to provide readers with a dashboard view of the key players operating in the global endosurgery devices market.
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