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What Is the Forecast for the Endotherapy Devices Market Growth in 2025?

Recent years have seen robust growth in the endotherapy devices market size. This market is forecasted to expand from $4.63 billion in 2024 to $4.91 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%. The historical period’s growth can be linked to various factors such as an increase in gastrointestinal disorders, a growing older population, enhanced awareness and early detection initiatives, beneficial reimbursement strategies, worldwide economic advancement, as well as strategic collaborations and alliances.

What Is the Forecast for the Endotherapy Devices Market Size Through 2029?

The market for endotherapy devices is projected to witness a significant increase in the coming years and it’s expected to grow to $6.64 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. The anticipated elevation in growth during the forecast period can be ascribed to advancements in minimally invasive procedures, the escalating prevalence of chronic illnesses, bolstering of the healthcare infrastructure, emphasis on early detection, regulatory backing and standardization. The major trends observed during the forecast period encompass improvements in imaging technologies, the incorporation of artificial intelligence, technological progresses, international augmentation of healthcare infrastructure, and a rise in cases of gastrointestinal disorders.

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What are the Key Market Players in Endotherapy Devices Market and How They’re Evolving?

Major companies operating in the endotherapy devices market include Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Medtronic Plc, Fujifilm Holdings Corporation, Johnson & JohnsonCook Group Incorporated, Karl Storz SE & Co. KG, Stryker Corporation, Taewoong Medical Co. Ltd, Smith & Nephew Plc., Steris Corporation, Micro-Tech (Nanjing) Co Ltd., HOYA Corporation, Cook Group Incorporated, B. Braun Melsungen AG, Frontier Healthcare, Pentax Medical, Nipro Corporation, MEDIVATORS B.V., US Endoscopy Group Inc., Richard Wolf GmbH, Cantel Medical Corp., Fujinon Corporation, Gyrus ACMI, Cogentix Medical Inc., Endogastric Solutions Inc.

What Are the Primary Growth Drivers in the Endotherapy Devices Market?

The surge in gastrointestinal diseases is anticipated to spur the expansion of the endotherapy devices market. These illnesses affect the digestive system, spanning from the mouth till the anus, encompassing conditions such as colorectal cancer, gastroesophageal reflux disease, ulcerative colitis (UC), inflammatory bowel disease (IBD), Crohn’s disease (CD), among others. Endotherapy devices, utilized for carrying out non-invasive or minimally invasive surgeries, help in treating and detecting tumors, inflammation, ulcers, obstructions, celiac disease, and bleeding in the gastrointestinal tract. Moreover, these devices assist in tracing the root of unexplained symptoms like nausea, abdominal pain, heartburn, pain, vomiting, and bleeding. For instance, reports released by Cancer Australia, an Australian organization, in January 2024 states there were 2,576 new stomach cancer cases in 2023, consisting of 1,647 males and 929 females. The lifetime risk of diagnosis by the age of 85 is nearly 1 in 117 (0.85%), with 1 in 91 (1.1%) for males and 1 in 164 (0.61%) for females. Hence, the uptick in gastrointestinal diseases propels the growth of the endotherapy devices market.

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What Are the Leading Segments in the Global Endotherapy Devices Industry?

The endotherapy devices market covered in this report is segmented –

1) By Product: Gastrointestinal Devices and Accessories, Endoscopic Retrograde Cholangio Pancreatography Devices And Accessories, Other Endotherapy Devices

2) By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro-Endoscopy, Gastrointestinal Endoscopy, Other Applications

3) By End-Use: Hospital, Ambulatory Surgical Centers, Other End-Users

Subsegments:

1) By Gastrointestinal Devices And Accessories: Endoscopic Mucosal Resection (EMR) Devices, Endoscopic Submucosal Dissection (ESD) Devices, Biopsy Forceps, Clips And Closure Devices, Electrosurgical Devices

2) By Endoscopic Retrograde Cholangio Pancreatography (ERCP) Devices And Accessories: ERCP Cannulas, Balloon Sweep Devices, Stents, Guidewires, Sphincterotomes

3) By Other Endotherapy Devices: Endoscopic Ultrasound (EUS) Devices, Ablation Devices, Foreign Body Retrieval Devices, Laser Therapy Devices

What Are the Key Market Trends in the Endotherapy Devices Industry?

Leading businesses in the endotherapy devices market are pioneering advanced solutions such as red dichromatic imaging (RDI) to augment the visualization of blood vessels and hemorrhage spots during endoscopic procedures. The inclusion of red dichromatic imaging in endotherapy devices allows the enhanced visual representation of blood vessels and lesions by utilizing distinct light wavelengths, thereby amplifying the diagnostic precision during these procedures. For example, Olympus Corporation, a medical technology firm based in Japan, inaugurated EVIS X1, an endoscopy system, in October 2023. EVIS X1 embodies a cutting-edge endoscopy system that integrates innovative imaging technologies and artificial intelligence to bolster visualization and diagnostic potential. The system’s incorporation of advanced imaging technologies significantly improves its diagnostic capabilities. Its texture and color enhancement imaging (TXI) function augments the visibility of lesions and polyps by enhancing their color and texture. Red dichromatic imaging (RDI) primarily targets deep blood vessels and bleeding points, while brightness adjustment imaging with maintenance of contrast (BAI-MAC) ensures a balanced brightness level across the image.

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What Is the Regional Outlook for the Endotherapy Devices Market?

North America as the largest region in the endotherapy devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global endotherapy devices market report during the forecast period. The regions covered in the endotherapy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the endotherapy devices market, and how is it changing globally?

2. Who are the major companies in the endotherapy devices market, and how are they performing?

3. What are the key opportunities and risks in the endotherapy devices market right now?

4. Which products or customer segments are growing the most in the endotherapy devices market?

5. What factors are helping or slowing down the growth of the endotherapy devices market?

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