Home > Healthcare > Medical Devices > Therapeutic Devices > Endotherapy Devices Market

Endotherapy Devices Market Trends

  • Report ID: GMI3782
  • Published Date: Jul 2024
  • Report Format: PDF

Endotherapy Devices Market Trends

Innovations in medical technology have led to the development of more effective, efficient, and safer endotherapy devices, enhancing their use in diagnosing and treating gastrointestinal (GI) conditions.
 

  • One of the major advancements in endotherapy is the improvement in imaging technologies. High-definition (HD) endoscopes, narrow-band imaging (NBI), and confocal laser endomicroscopy (CLE) provide clearer and more detailed images of the GI tract. These technologies enable better visualization of mucosal structures, aiding in the accurate diagnosis of GI conditions and early detection of malignancies. The increased gastrointestinal diagnostics accuracy drives the demand for advanced endotherapy devices.
     
  • Additionally, technological innovations have led to the development of endotherapy devices with improved design and functionality. For example, the introduction of flexible and ultra-thin endoscopes allows for easier navigation through the GI tract, reducing patient discomfort and improving procedural outcomes. Devices like single-use endoscopes also minimize the risk of cross-contamination and infection, enhancing patient safety and driving their adoption.
     
  • Furthermore, technological advancements have expanded the therapeutic capabilities of endotherapy devices. Techniques such as endoscopic submucosal dissection (ESD), peroral endoscopic myotomy (POEM), and endoscopic mucosal resection (EMR) allow for minimally invasive treatment of complex GI conditions. These advanced procedures offer benefits such as reduced recovery times, lower complication rates, and better clinical outcomes, increasing the demand for specialized endotherapy devices.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of endotherapy devices reached USD 4.8 billion in 2023 and is set to witness a CAGR of 7.8% through 2032, led by the rising incidence of gastrointestinal conditions, and increasing preference for minimally invasive procedures.

The gastrointestinal devices & accessories segment held a dominant market share of 56.6% in 2023, backed by increasing prevalence of GI disorders and the emphasis on early detection and screening programs.

North America market size was valued at USD 2.2 billion in 2023 and is predicted to record a CAGR of 7.5% through 2032, driven by advanced healthcare infrastructure, high medical expenditure, and the presence of leading medical device companies.

Conmed Corporation, Cook Medical, Fujifilm Corporation, Intuitive Surgical, Johnson & Johnson, Karl Storz, M.I. Tech Co Ltd, Medtronic plc, Olympus Corporation, and Richard Wolf GmbH among others.

Endotherapy Devices Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 277
  • Countries covered: 23
  • Pages: 120
 Download Free Sample