Endoscopy Devices Market Trends

Growth Drivers

• Tech-based operations in surgical interventions: Technological advancements, such as the integration of robotics and AI, are believed to fuel growth in the endoscopy devices market. For instance, in March 2024, Fujifilm gained 510(k) clearance from the FDA for its novel AI detection system, CAD EYE, for endoscopic imaging. This compatible tool enables endoscopists the ability to offer real-time detection and removal of colonic mucosal lesions such as polyps and adenomas, irrespective of their size, shape, and color. High sensitivity and accuracy, delivered by such next-generation tools, in all simple and complex procedures are inspiring more healthcare settings to invest in this sector.

• Increasing popularity of minimally invasive procedures: The rapid shift of consumer preference towards procedures with fewer incisions and faster recovery is fueling growth in the market. This approach of less-invasive treatments allows doctors to see within the body without creating any incisions, as the associated instruments are directly put into organs through anus or mouth openings. Moreover, endoscopic surgeries provide cost-saving benefits such as fewer hospital stays and reduced risk of infection, boosting demand in this sector.

Challenges

• Risk of acquiring healthcare-associated infection (HAI): The most common instruments, used in clinical practice, from the market are often linked to bacterial infection outbreaks. This can be acquired outside or internally through contaminated equipment or from endoscopic staff members to patients. On the other hand, the development of sophisticated non-autoclavable fiberoptic endoscopes has made sterilizing the instrument technically impractical as appropriate cleaning of flexible scopes is still a challenge. It may further raise the possibility of transmitting unwanted bacterial infections, creating concerns about the product’s safety profile. However, the introduction of safer alternatives has the potential to mitigate this issue.