Endoscopes Market Trends

Growth Drivers

• Rising cancer cases worldwide - The development of sophisticated endoscopic biopsy including laparoscopy, thoracoscopy, and mediastinoscopy has eliminated the need for surgical cytology. According to the American Cancer Society, in 2024 611,720 cancer deaths are estimated in the U.S. Colorectal Cancer is the first leading cause of death in men and second in women.
  
  Endoscopy plays a vital role in detecting upper gastrointestinal (GI) cancer lesions. Prominent cutting-edge technologies include wide-area transepithelial sampling (WATS), confocal laser endomicroscopy (CLE), Video capsule endoscopy (VCE), and dye-based electronic or virtual chromo-endoscopy (ECE) have become the gold standard for upper GI cancer screening. In February 2023, ANXROBOTICA launched NAVICAM SB system in the U.S. It allows clear and accurate visualization of obscure GI lesions and bleeding in patients with inflammatory bowel disease (IBD). The rising cancer cases have fostered innovation in endoscopic screenings.

• Increasing preference for minimal invasive processes - Wireless capsule endoscopy (WCE) has emerged as a groundbreaking technology which radically minimizes the risks associated with sedation. A standard WCE device can be ingested and it actively passes through the GI tract, capturing images for diagnostics. It uses technologies such as near-field wireless power transmission, ultra-wideband/intrabody communication, magnetic field active drive, hybrid localization, magnetic-controlled diagnosis and treatment, and AI-based autonomous lesion detection. In April 2023, Laborie Medical Technologies launched a new GERD diagnostics system, alpHaONE. It is a WCE pH reflux testing system with advanced GI motility and caters to esophageal disease diagnosis.  Typically, with WCE most cases are treated on an outpatient basis, meaning fewer hospital stays. 

Challenges

• Presence of well-established market players - The endoscopes market has numerous competitors, which creates hurdles for new entrants to fit in. The increase in mergers and acquisitions has also established a sense of risk for the newcomers. Therefore, the high competition between the small companies and the already renowned big companies is harnessing the growth of the market.

• Side effects of endoscopy procedures - These procedures are usually safe however some side effects have been noticed in a few patients such as tears in the esophagus, duodenum, and stomach, internal bleeding, mild cramps, and other major complications. the allied data was from 2018 data, which is relatively old. That is why it has been removed.