Endoscopy Devices Market Trends

Growth Drivers

• Rising Geriatric Population - Endoscopic retrograde cholangiopancreatography (ERCP) is a frequently used endoscopic treatment that diagnoses and treats pancreaticobiliary diseases in older individuals by combining fluoroscopic imaging with luminal endoscopy as the older population suffers more frequently from acute pancreatitis caused by gallstones, ischemic and idiopathic acute pancreatitis,
• According to the World Health Organization (WHO), the number of individuals 60 years of age and over will increase to 2.1 billion worldwide by 2050.
• Growing Number of Surgical Procedures- Physicians utilize endoscopy including laparoscopy and arthroscopy for many purposes such as imaging, surgery, and other applications.

For instance, more than 300 million major surgical procedures are carried each annually worldwide.

• Increasing Popularity of Minimally Invasive Procedures- Endoscopies are minimally invasive treatments that allow doctors to see within the body without creating any incisions whereby endoscopy instruments are directly put into organs through anus or mouth openings.

Challenges

• Risk of Acquiring Viral Infections - Fiberoptic endoscopes which are currently the most common endoscopic instruments used in clinical practice are linked to bacterial infection outbreaks which can be acquired outside or internally through contaminated equipment or from endoscopic staff members to patients. The development of sophisticated non-autoclavable fiberoptic endoscopes has made sterilizing the instrument technically impractical as a consequence there are issues regarding the appropriate cleaning of flexible scopes, which raises the possibility of endoscopic infection transmission.
• Furthermore, the medical community is concerned about the spread of infectious organisms during gastrointestinal endoscopies therefore all healthcare workers in the endoscopy room need to receive instruction in and abide by accepted practices for infection prevention and control.
• Exorbitant Costs Associated with Advanced Endoscopy Devices Limit their Accessibility
• Unavailability of Highly Skilled Medical Professionals Can Hinder Safe Utilization of Endoscopy devices