The global endoscopy devices market value was USD 36.8 billion in 2023, driven by the increasing prevalence of psoriatic arthritis globally. The market size is anticipated to grow at a CAGR of 6.2% during the forecast period of 2024-2032 to achieve a value of USD 64 billion by 2032.
Endoscopy Devices: Introduction
Endoscopy devices are integral tools in modern medicine, revolutionizing diagnostic and therapeutic procedures across various medical specialties. These devices comprise flexible or rigid tubes equipped with cameras and specialized instruments that allow healthcare professionals to visualize and access internal body cavities and organs without the need for invasive surgery. Endoscopy has become indispensable for the early detection, diagnosis, and treatment of a wide range of medical conditions, including gastrointestinal disorders, respiratory diseases, urological issues, and gynecological problems. Advancements in endoscopy technology, such as high-definition imaging, miniaturization, and the integration of robotics, have enhanced precision and minimally invasive capabilities. With its ability to provide real-time, high-quality images and facilitate minimally disruptive interventions, endoscopy continues to improve patient outcomes, reduce recovery times, and shape the landscape of modern healthcare. As medical research and technology continue to evolve, endoscopy devices are poised to play an increasingly vital role in the early detection and treatment of diseases, contributing to better patient care and overall healthcare efficiency.
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Key Trends in the Global Endoscopy Devices Market
The global market for psoriatic arthritis (PsA) treatment has witnessed significant developments in response to the increasing incidence of this chronic autoimmune disease. Psoriatic arthritis, which often accompanies psoriasis, leads to joint inflammation, pain, and disability, compelling patients and healthcare providers to seek effective therapeutic options. Traditional treatments like Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) and Disease-Modifying Antirheumatic Drugs (DMARDs) remain widely used, but there has been a notable shift towards biological therapies, such as TNF inhibitors and IL-17 inhibitors, due to their superior efficacy in managing PsA symptoms.
Moreover, the emergence of Janus Kinase (JAK) inhibitors and the approval of biosimilars have added diversity to the treatment landscape, offering more choices to patients. Personalized medicine and a focus on treating the underlying inflammation have gained prominence, leading to better outcomes. The market has also been influenced by the COVID-19 pandemic, which emphasized the importance of telehealth services for patient monitoring and care continuity. With a growing awareness of PsA and ongoing research into novel therapeutic targets, the global Psoriatic Arthritis treatment market is expected to continue evolving, with a strong emphasis on improving patients’ quality of life and long-term disease management.
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Global Endoscopy Devices Market Segmentations
Market Breakup by Product
- Endoscope
- Rigid Endoscope
- Laparoscope
- Urology Endoscope
- Gynaecology Endoscope
- Arthroscope
- Cystoscope
- Neuroendoscope
- Other Rigid Endoscopes
- Flexible Endoscope
- GI Endoscope
- Gastroscope
- Colonoscope
- Sigmoidoscope
- Duodenoscope
- Others
- ENT Endoscope
- Nasopharyngoscope
- Otoscope
- Rhinoscope
- Laryngoscope
- Bronchoscope
- Others
- Capsule Endoscope
- Robot-Assisted Endoscope
- Mechanical Endoscopic Equipment
- Endoscopic Implants
- Trocars
- Graspers
- Snares
- Biopsy Forceps
- Others
- Visualization and documentation systems
- Light Source
- Camera Head
- Wireless Display and Monitors
- Endoscopy and Cameras
- Carts
- Digital Documentation Systems
- Video Processors and Video Convertors
- Transmitters and Receivers
- Others
- Accessories
- Biopsy Valves
- Over Tubes
- Mouth Pieces
- Surgical Dissectors
- Needle Holders and Needle Forceps
- Cleaning Brushes
- Light Cables
- Others
- Others
- Insufflators
- Endoscopy fluid management systems
- Others
Market Breakup by Hygiene
- Single-Use
- Bronchoscopy
- Urology Endoscopy
- Duodenoscopy
- Gastroscopy
- Others
- Reprocessing
- Sterilization
Market Breakup by Application
- Bronchoscopy
- Arthroscopy
- Laparoscopy
- Urology Endoscopy
- Neuroendoscopy
- Gastrointestinal Endoscopy
- Gynaecology Endoscopy
- ENT Endoscopy
- Others
Market Breakup by End User
- Hospitals
- Ambulatory Surgery Centres and Clinics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Endoscopy Devices Market Overview
The global market for psoriatic arthritis treatment has witnessed substantial growth, primarily due to the increasing prevalence of psoriatic arthritis, a chronic autoimmune disease that affects the joints and often co-occurs with psoriasis. This market expansion has been fueled by several factors, including a better understanding of the disease’s pathophysiology, leading to the development of targeted therapies. Biologic agents, such as TNF inhibitors and IL-17 inhibitors, have gained prominence as highly effective treatments, offering patients improved symptom management and quality of life.
Moreover, the introduction of novel oral small molecule therapies, like Janus kinase (JAK) inhibitors, has provided additional treatment options for psoriatic arthritis patients. The market has also benefited from a growing emphasis on early diagnosis and intervention, which has led to increased demand for treatment, especially among younger individuals. However, challenges in access to these costly therapies, coupled with concerns regarding long-term safety and adverse effects, continue to be areas of focus.
The COVID-19 pandemic’s impact on the market has been mixed, with disruptions in healthcare services initially affecting diagnosis and treatment but an increased awareness of immune-mediated diseases driving long-term growth. With ongoing research into the underlying mechanisms of psoriatic arthritis and a robust pipeline of potential therapies, the global psoriatic arthritis treatment market is expected to remain dynamic and expand further in the coming years.
Global Endoscopy Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Boston Scientific Corporation
- CONMED Corporation
- FUJIFILM Holdings Corporation
- HOYA Corporation
- Johnson & Johnson Services, Inc.
- KARL STORZ SE & Co. KG
- Medtronic
- Olympus Corporation
- Richard Wolf GmbH
- Smith + Nephew
- Stryker
- STERIS
- The Cooper Companies Inc.
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