Asia Pacific Endoscopy Devices MarketChallenges and Opportunities

Asia Pacific Endoscopy Devices Market, By Device Type (Endoscope Devices (Rigid Endoscope, Flexible Endoscope, Capsule Endoscopy, Robot Assisted Endoscopy), Endoscopic Operative Devices, Visualization Systems), By Application (Urology/Gynecology Surgeries, ENT Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries, Others), and By Region (Japan, China, Australia, South Korea, India, Singapore, New Zealand, Rest of APAC) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Jul 2020

Code : CMI3974

Pages :175

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Asia Pacific Endoscopy Devices Market: Drivers

Increasing prevalence of gastrointestinal diseases is expected to propel growth of Asia Pacific endoscopy devices market over the forecast period. For instance, according to the study, ‘A study of prevalence and determinants of irritable bowel syndrome in an urban slum community in Mumbai’, published in November 2018, the prevalence of irritable bowel syndrome was 12.27%, of which 56% were males and 44% were females.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to United Nations Population Fund, geriatric population in Asia Pacific is expected to triple between 2010 and 2050 to reach 1.3 billion people by 2050.

Asia Pacific Endoscopy Devices Market: Restraints

Negative impact of U.S. medical device tax and rigorous FDA regulatory process is expected to hinder growth of the market. The U.S. government scheduled to implement a 2.3% excise tax on medical devices sales in 2013.The effect of this will be seen on the prices of the endoscopic devices as companies will raise prices and pass on to customers as a way to deal with the increased tax in the U.S.

Moreover, high cost of endoscopic equipment is also expected to limit the market growth.

Restraints & Challenges:

High costs
Stringent regulations

Asia Pacific Endoscopy Devices Market: Opportunities

R&D in robotic biopsy endoscope is expected to offer lucrative growth opportunities for players in Asia Pacific endoscopy devices market. For instance, in January 2020, researchers from Chonnam National University, South Korea, reported development of a novel wireless biopsy capsule endoscopes employing active five degree-of-freedom locomotion and a biopsy needle punching mechanism for the histological analysis of the intestinal tract.

Moreover, increasing adoption of neuroendoscopy is also expected to aid in growth of the market. The minimally-invasive surgical procedure offers less pain than traditional surgery, faster recovery than traditional surgery, and minimal scarring.