Rigid Endoscopes Market - By Product (Laparoscopes, Arthroscopes, Cystoscopes, ENT Endoscopes), By Technology (Conventional Endoscopes, Video Endoscopes, Fiber-Optic Endoscopes), By Usability (Reusable Endoscopes, Disposable Endoscopes), By End-use & Forecast, 2023-2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationRigid Endoscopes Market - By Product (Laparoscopes, Arthroscopes, Cystoscopes, ENT Endoscopes), By Technology (Conventional Endoscopes, Video Endoscopes, Fiber-Optic Endoscopes), By Usability (Reusable Endoscopes, Disposable Endoscopes), By End-use & Forecast, 2023-2032
Rigid Endoscopes Market Size
"Hi there, I have some fascinating information about the Rigid Endoscopes Market. It was valued at around $9.1 billion in 2022. And get thisit's estimated to grow by more than 6.6% annually until 2032. So, it's booming! One main reason for this growth is the increasing number of people with chronic illnesses and aging populations. Hospitals and clinics rely on these rigid endoscopes to diagnose and treat various conditions. They're like essential tools in the medical world. For instance, doctors use these endoscopes to help people with digestive problems, respiratory issues like COPD, and even common ear, nose, and throat issues. According to the National Pancreas Foundation, chronic pancreatitis often shows up between the ages of 30 and 40, especially in men."
Moreover, rising awareness regarding chronic disease diagnosis & treatment and a surging number of healthcare settings are set to prove conducive for business growth. Hence, owing to the above factors rising prevalence of chronic disorders is set to increase the demand for endoscopy procedures that will prove beneficial for business growth.
Furthermore, technological advancement is set to propel rigid endoscopes market growth during the forecast period. Advancement in endoscopic technologies results in an improvement in diagnosis, target disorders treatment, medical therapies, and other surgical devices. Leading industry players comprising Olympus Corporation is emphasizing introducing novel rigid endoscopes to deliver optimal operability for practitioners.
Developments in rigid video endoscopes design facilitate high-resolution imaging, great operability & bending capability, and enable effortless use. Hence, the commercialization of such advanced rigid endoscopes will accelerate business growth over the coming years. These advancements in fiberscope, video endoscope, use of nanotechnology for reduced inflammation & infection, and several other breakthroughs have surged the procedure result and success rate. As a result, the recent technological advancements are set to increase the demand for endoscopy procedures that will prove beneficial for the rigid endoscopes industry growth.
A rigid endoscope is a medical device used in various diagnostic and surgical procedures to visualize and examine the internal structures of the human body. It consists of a long, slender tube with a lens or an optical system at one end and an eyepiece or a camera attachment at the other end. The lens or optical system captures light and images from the target area inside the body and transmits them to the eyepiece or camera, allowing medical professionals to see the internal structures in real-time.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Rigid Endoscopes Market Size in 2022 | USD 9.1 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.6% |
| 2032 Value Projection | USD 17.4 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 610 |
| Segments covered | Product, Technology, Usability, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Imagine you're a business selling endoscopes, tubes used in medical procedures. Rigid endoscopes are like inflexible cameras with a narrow view. They're good for certain procedures, but not for others. This limits how many doctors can use them, which means fewer sales for you. Plus, they can be uncomfortable for patients, which could discourage them from going to your facility again. That's bad for customer satisfaction and for your bottom line. So, the limited uses and discomfort associated with rigid endoscopes can put a damper on your business growth and profits.
COVID-19 Impact
When the COVID-19 pandemic hit in 2020, it was a huge blow to the business that makes certain types of medical scopes. Hospitals were filled to the brim with patients sick with COVID-19, so they had to put other procedures, like endoscopies, on the back burner. People were understandably scared of going to hospitals for anything they didn't have to, so the number of endoscopies dropped like a rock around the world. In the US, the government made a rule that said all surgeries that weren't super urgent couldn't happen, whether in hospitals or clinics. This hurt the business for these medical scopes even more. Hospitals were so busy dealing with COVID-19 that they had to push back procedures like gastrointestinal endoscopies. This slowdown had a big impact on the entire industry.
Over the last year, with the rise of telemedicine and advanced technology, doctors have become more efficient in diagnosing specific illnesses and ensuring patients adhere to treatment plans. This has increased the acceptance of rigid endoscopes, which are crucial medical tools. Even during the pandemic, certain endoscopy procedures were deemed essential and continued to be performed. As COVID-19 cases decline globally, hospitals are gradually resuming elective surgeries, leading to an uptick in endoscopy procedures. This is slowly restoring the number of procedures to pre-pandemic levels. The improved healthcare landscape, including the adoption of telemedicine, is driving the growth of the rigid endoscopes market. While the pandemic initially hindered its progress, the recovery in the number of procedures and the decline in COVID-19 cases will fuel market expansion in the coming years.
Rigid Endoscopes Market Trends
Hey! You won't believe how much less invasive surgeries have changed things for these cool tools called rigid endoscopes. As people live longer with health problems, doctors need to do more surgeries. But thanks to rigid endoscopes, these surgeries are getting way more precise. Using these endoscopes during surgery makes patients way happier and helps them get better outcomes. They have fewer problems after surgery, bounce back faster, and don't have to stay in the hospital for as long. Oh, and they're also awesome for managing pain after surgery. No wonder the demand for rigid endoscopes is exploding all over the world! The market for these things is booming!
As medical technology keeps getting better, we're seeing less invasive ways to treat chronic conditions through endoscopy. The Enhanced Recovery after Surgery (ERAS) program also promotes less invasive surgeries by using a combination of treatments during and after surgery to help patients recover faster. At the same time, more and more people are getting older, and they're more likely to want minimally invasive surgical techniques that are less risky and painful. All these factors are expected to drive up the demand for minimally invasive surgeries and help the market grow.
Rigid Endoscopes Market Analysis
Based on product, the rigid endoscopes market is segmented as laparoscopes, arthroscopes, cystoscopes, ENT endoscopes, pulmonary endoscopes, and others. The laparoscopes segment held the dominant market share in 2022 and was valued at over USD 3.3 billion. This largest business share is majorly attributable to the surging prevalence of chronic ailments and increasing patient volume suffering from abdominal pain. Rigid laparoscopes are used to diagnose and treat acute & chronic abdominal pain. Appendicitis, intra-abdominal scar tissue, pelvic infections, endometriosis, abdominal haemorrhage, and other severe diseases require laparoscopy.
Endometriosis is a painful condition where tissue that usually lines the uterus starts growing in unusual places outside of it. It affects a staggering number of women worldwide, with an estimated 190 million suffering from it in 2021 alone. That's about 10 out of every 100 women! As more women experience this condition, there's a growing need for ways to diagnose and treat it. One common procedure is laparoscopy, which uses a tiny camera and special tools to see inside the belly. With people living longer and facing more digestive health issues, the demand for these laparoscopic instruments is expected to keep rising. The combination of increased endometriosis cases and an aging population means more patients will need these specialized instruments, driving up their demand even further.
Technology has revolutionized rigid endoscopes, the tools used to peek inside the body. There are three main typesConventional endoscopes The oldest type, these use a direct line of sight. Video endoscopes The most popular choice today, these transmit images to a screen, making it easier to see and diagnose problems. In 2022, they accounted for over $5 billion in sales. Fiber-optic endoscopes A blend of the two, these use fiber-optic cables to transmit images. Video endoscopes are especially useful for diagnosing and treating chronic conditions like stomach pain, ulcers, gastritis, and bleeding in the digestive tract. They're also great for endoscopy procedures, which allow doctors to examine the esophagus. And because they're more maneuverable than other types, they're a popular choice for hospitals and healthcare providers.
Imagine if you needed to fix something inside your body, like your stomach or intestines. You wouldn't want the doctor to just guess what's wrong, right? That's where endoscopes come in. They're like tiny cameras that doctors use to see inside your body and find out exactly what's causing your problems. Thanks to endoscopes, doctors can diagnose and treat conditions like heartburn, bile duct issues, and Crohn's disease, which are becoming more and more common. Just in the US, millions of people have chronic liver disease. As people hear about these amazing tools, the demand for them is growing rapidly. One type of endoscope, called a rigid video endoscope, is especially popular with doctors because it gives them a clear view of the inside of your body. They're expecting this type of endoscope to make these procedures even more common and effective in the future.
When it comes to simplicity in the operating room, there are two main types of rigid endoscopesreusable and disposable. Currently, Disposable endoscopes are gaining popularity and hold a significant market share, estimated at a whopping 2.9 billion dollars in 2022. The reason for their growing popularity in hospitals, clinics, and healthcare facilities is their single-use nature. These endoscopes are discarded after a single patient, reducing the risk of cross-contamination and infection transmission. They effectively combat the spread of viruses, bacteria, biohazards, and chemical contaminants, providing a safer environment for both patients and healthcare professionals. In essence, Disposable endoscopes are a highly effective weapon in the battle against infection control.
Furthermore, increasing awareness regarding health safety along with growing number of surgeries are further fostering the demand for disposable rigid endoscopes. Therefore, the aforementioned factors are set to influence the demand for disposable rigid endoscopes and expected to witness lucrative growth in rigid endoscopes industry in the coming years.
Based on end-use, the rigid endoscopes market is segmented as hospitals, ambulatory surgical centers, clinics, Others. The hospitals segment is projected to reach more than USD 7.7 billion by 2032. This majority market share is owing to the soaring use of novel rigid endoscopes in hospital settings offering enhanced operability is estimated to surge the patient preference for hospitals. Increasing admissions with target disorders due to sedentary lifestyle and growing disease screening initiatives coupled with the availability of highly skilled healthcare professionals are some other attributes that are propelling the growth of the hospitals segment positively.
Additionally, the higher chronic disease incidence in developed nations with robust healthcare infrastructure is anticipated to positively impact the segment growth. Surging cancer cases, infections, and metabolic disease prevalence will significantly propel the diagnosis & treatment rate at hospitals. Thus, accessibility to better treatment & diagnosis coupled with the rising prevalence of these ailments and associated conditions is estimated to boost patient visits to hospitals, thereby propelling the segment revenue.
For quite some time, the United States has reigned supreme in the North American market for rigid endoscopes. In 2022, the U.S. held a massive market share and this growth is projected to continue rapidly, reaching an astounding $6.7 billion by 2032. But what's behind this American dominance? Well, it's largely due to the presence of industry giants headquartered in the U.S. Companies like Boston Scientific, Olympus, and Karl Storz are constantly innovating and driving the industry forward within the U.S. Another factor fueling this growth is the rising prevalence of gastrointestinal issues among Americans. With more people being hospitalized, the demand for rigid endoscopes has surged. These instruments are essential for diagnosing digestive system problems. In fact, over 40 million patients in the U.S. underwent such diagnoses within the past year alone, making it a significant market driver.
Rigid Endoscopes Market Share
Some of the major market players operating in the rigid endoscopes market are
- B Braun Melsungen AG,
- Boston Scientific Corporation
- Conmed Corporation
- Cook Medical
- Ethicon
- Fujifilm Holdings Corporation among others.
Major market players are adopting strategic formulations such as forward integration, new product development, geographical expansion, and research collaborations to garner maximum industry share and promote company growth.
Rigid Endoscopes Industry News
- In November 2021, Medtronic plc, announced that their PillCam Small Bowel 3 system had received the U.S. Food and Drug Administration (FDA) 510(k) clearance for remote endoscopy procedures. This device provides a telehealth option for direct visualization and monitoring of the small bowel, and better detection of lesions. This FDA clearance helped the company to enhance their R&D capabilities and increase their business revenue.
- In January 2020, Cook Medical introduced Instinct Plus, an endoscopic clipping device made compatible for duodenoscopes in the U.S. The device is made for smoother operation and responsive handling. This launch helped the company to strengthen its already existing robust endoscope portfolio.
Rigid endoscopes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD (million) and volume (Units) from 2018 to 2032 for the following segments
Click here to Buy Section of this Report
By Product
- Laparoscopes
- Arthroscopes
- Cystoscopes
- ENT Endoscopes
- Pulmonary Endoscopes
- Others
By Technology
- Conventional Endoscopes
- Video Endoscopes
- Fiber-Optic Endoscopes
By Usability
- Reusable Endoscopes
- Disposable Endoscopes
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Switzerland
- The Netherlands
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Indonesia
- Philippines
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Peru
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
- Iran
- Turkey
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