Asia Pacific Endoscopy Devices Market Analysis | Coherent Market Insights

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Medical Imaging Equipment Market Analysis
(2020-2027)

• Endoscopy is minimal invasive procedure in which
  endoscope is placed inside body either through
  body openings (mouth, anus etc.) or by making
  small incisions on the body. Endoscopes are
  medical devices used in endoscopy procedure to
  observe and treat the internal organs.
• Statistics
• Asia Pacific endoscopy devices market is
  estimated to account for US 11,032.5 Mn in terms
  of value in 2020 and is expected to reach US
  18,551.0 Mn by the end of 2027.

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Asia Pacific Endoscopy Devices Market Drivers

• Increasing prevalence of gastrointestinal
  diseases is expected to propel growth of Asia
  Pacific endoscopy devices market over the
  forecast period. For instance, according to the
  study, A study of prevalence and determinants of
  irritable bowel syndrome in an urban slum
  community in Mumbai, published in November 2018,
  the prevalence of irritable bowel syndrome was
  12.27, of which 56 were males and 44 were
  females.
• Moreover, increasing geriatric population is also
  expected to aid in growth of the market. For
  instance, according to United Nations Population
  Fund, geriatric population in Asia Pacific is
  expected to triple between 2010 and 2050 to reach
  1.3 billion people by 2050. 

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s

• Statistics
• Visualization Systems held dominant position in
  Asia Pacific endoscopy devices market in 2019,
  accounting for 47.3 share in terms of value,
  followed by endoscopic operative devices and
  endoscope devices, respectively.

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Figure 1. Asia Pacific Endoscopy Devices Market
Share (), by Value, by Device Type, 2019
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Asia Pacific Endoscopy Devices Market
Restraints 

• Negative impact of U.S. medical device tax and
  rigorous FDA regulatory process is expected to
  hinder growth of the market. The U.S. government
  scheduled to implement a 2.3 excise tax on
  medical devices sales in 2013.The effect of this
  will be seen on the prices of the endoscopic
  devices as companies will raise prices and pass
  on to customers as a way to deal with the
  increased tax in the U.S.
• Moreover, high cost of endoscopic equipment is
  also expected to limit the market growth.

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Asia Pacific Endoscopy Devices Market
Opportunities  

• RD in robotic biopsy endoscope is expected to
  offer lucrative growth opportunities for players
  in Asia Pacific endoscopy devices market. For
  instance, in January 2020, researchers from
  Chonnam National University, South Korea,
  reported development of a novel wireless biopsy
  capsule endoscopes employing active five
  degree-of-freedom locomotion and a biopsy needle
  punching mechanism for the histological analysis
  of the intestinal tract.

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• Moreover, increasing adoption of neuroendoscopy
  is also expected to aid in growth of the market.
  The minimally-invasive surgical procedure offers
  less pain than traditional surgery, faster
  recovery than traditional surgery, and minimal
  scarring.
• Asia Pacific endoscopy devices market was valued
  at US 10,287.7 Mn in 2019 and is forecast to
  reach a value of US 18,551.0 Mn by 2027 at a
  CAGR of 7.7 between 2020 and 2027.

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Figure 2. Asia Pacific Endoscopy Devices Market
Value (US Mn), and Y-o-Y Growth (), 2019-2027
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Market Trends/Key Takeaways

• Major players in the market are focused on
  approval and launch of new products to expand
  their product portfolio. For instance, in June
  2020, AnX Robotica Corporation received the U.S.
  Food and Drug Administrations De-Novo
  classification for its NaviCam Magnetically
  Controlled Capsule Endoscopy System.
• The market is witnessing launch of operating
  room-ready wireless endoscopes. For instance, in
  May 2020, ScoutCam, a developer of customized
  visual solutions integrated its wireless micro
  ScoutCam into medical endoscope devices.

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Asia Pacific Endoscopy Devices Market
Competitive Landscape

• Major players operating in Asia Pacific endoscopy
  devices market include, Accellent Inc., Aesculap
  Inc., Arthrex Inco, Boston Scientific
  Corporation, 3NT Medical, AnX Robotica
  Corporation, C.R. BARD INC, Conmed Corporation,
  Olympus Corporation, KARL STORZ
  Endoscopy-America, Inc., Cook Medical
  Incorporated, and Fujifilm Holding Corporation.

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Asia Pacific Endoscopy Devices Market Key
Developments

• Major players in the market are focused on
  approval and launch of new products to expand
  their product portfolio. For instance, in April
  2020, Olympus Corporation launched EVIS X1, an
  endoscopy system which improves outcomes from
  disorders of the stomach, colon, and oesophagus,
  as well as from bronchial diseases.
• Similarly in March 2020, KARL STORZ
  Endoscopy-America, Inc. launched TELE PACK
  compact endoscopy system.

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• Reference
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  ght/asia-pacific-endoscopy-devices-market-3974

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