Endoscopy Fluid Management Market Trends

Growth Drivers

• Increase awareness related to minimal surgeries among the geriatric population - Elderly patients prefer to take the routes for minimal surgeries as it becomes very difficult and time-consuming for their bodies to recover.
  
  As per WHO, the population of people aged 60 years and older will double (2.1 billion) across the world. The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Endoscopy is preferred to examine the digestive health of an old population as it’s a non-surgical procedure. Additionally, medical professionals are recommending such minimal surgeries to treat chronic diseases.
   
• Technological developments in endoscopy systems - The latest advancements in imaging technologies including high-definition and ultra-high-definition (UHD) imaging result in more clear and elaborated visuals of the organ during endoscopy. The endoscopy fluid management market has been positively impacted by several business operations combinations and new product launches along with key technological advancements. For instance, the cost per colonoscopy which includes purchase, maintenance, and reprocessing ranges from USD188.64 at high-volume centers (3000 annual procedures) to USD501.16 at low-volume centers (1000 annual procedures). 

Challenges

• High cost of endoscopic procedures - The average cost of performing an endoscopy procedure is relatively high. This is owing to the large-scale usage of these types of equipment and intensive surgical time. Investment costs of endoscopic equipment and procedures are immensely inclined toward the developing nations. Additionally, higher investment needs new key players to enter the endoscopy fluid management market.
   
• Government strict policies for approval of the product - The government has laid down strict regulations for the approval of endoscopy equipment to avoid any death incidence in future patients.