ASIA PACIFIC ENDOSCOPY DEVICES MARKET ANALYSIS

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

Asia Pacific Endoscopy Devices MarketSize and Trends

Statistics:

Asia Pacific endoscopy devices market is estimated to account for US$ 11,032.5 Mn in terms of value in 2020 and is expected to reach US$ 18,551.0 Mn by the end of 2027.

Statistics:

Visualization Systems held dominant position in Asia Pacific endoscopy devices market in 2019, accounting for 47.3% share in terms of value, followed by endoscopic operative devices and endoscope devices, respectively.

Figure 1. Asia Pacific Endoscopy Devices Market Share (%), by Value, by Device Type, 2019

Asia Pacific endoscopy devices market was valued at US$ 10,287.7 Mn in 2019 and is forecast to reach a value of US$ 18,551.0 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027.

Figure 2. Asia Pacific Endoscopy Devices Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Market Trends/Key Takeaways

Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in June 2020, AnX Robotica Corporation received the U.S. Food and Drug Administration’s De-Novo classification for its NaviCam Magnetically Controlled Capsule Endoscopy System.

The market is witnessing launch of operating room-ready wireless endoscopes. For instance, in May 2020, ScoutCam, a developer of customized visual solutions integrated its wireless micro ScoutCam into medical endoscope devices.