ENDOSCOPY DEVICE MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Growing preference for minimally invasive surgeries

Global endoscopy device market growth is driven by shifting preferences towards minimally invasive surgical techniques. Open surgeries inherently involve larger incisions, extensive tissue dissection, and longer recovery periods. However, endoscopic procedures require just small incisions leaving minimal scarring and trauma. Patients are opting for endoscopy due to benefits like reduced hospital stay, quicker recovery times, minimization of complications, and improved cosmetic outcomes. Moreover, it also allows surgeons to access interior organs and conduct surgical maneuvers through natural body openings avoiding external incisions completely. This has proven advantageous especially in geriatric population and obese patients with comorbidities. Endoscopy is being increasingly adopted for therapeutic applications beyond traditional diagnostic procedures. Advanced energies devices are available which can treat gastrointestinal bleedings, remove polyps, dilate strictures, place stents and perform bariatric procedures through the endoscope. The availability of new technological additions like 3D imaging systems, flexible scopes, robot-assisted platforms also support complex surgeries to be performed through minimal access routes. With growing clinical evidence on superiority of endoscopy driven procedures over open surgeries, patients are demonstrating high willingness to pay. This shift in surgical trends from open to endoscopy has spurred developments in the sector and drives growth of the endoscopy device market.