Meticulous Research®, a leading global market research company, published a research report titled, 'Endotherapy Devices Market by Type (Needles, Biopsy Forceps, Balloon Dilators, Hemostasis, Snares, Catheters, Sphincterotomes, Guide Wires, Stents, Retrieval Nets), Application (Upper GI Endoscopy, Colonoscopy, Cystoscopy) - Global Forecast to 2030.'
According to this latest publication from Meticulous Research®, the global endotherapy devices market is expected to reach $7 billion by 2030 at a CAGR of 7.4% from 2023 to 2030. The growth of the global endotherapy devices market is mainly attributed to the rising rate of diseases requiring endoscopic procedures, the rising prevalence of gastrointestinal conditions, increasing patient preference for minimally invasive procedures, the rising geriatric population and technological advancements in endotherapy devices. However, the high cost of endotherapy devices and the risk of infections caused by some devices restrain the growth of this market. The growing demand for endotherapy devices in emerging economies is expected to generate growth opportunities for the players operating in this market. However, the shortage of trained physicians is challenging market growth.
Key Players
The key players operating in the global endotherapy devices market are Boston Scientific Corporation (U.S.), Olympus Corporation (Japan), Medtronic plc (U.S.), FUJIFILM Holdings Corporation (Japan), Cook Group Incorporated (U.S.), Conmed Corporation (U.S.), Hoya Corporation (Japan), Stryker Corporation (U.S.), KARL STORZ SE & Co. KG (Germany), Smith & Nephew PLC (U.K.), Micro-Tech (Nanjing) Co., Ltd. (China), Nipross Corporation (Japan), MEDIVATORS B.V. (Germany), The Cooper Companies, Inc. (U.S.), and JOHNSON & JOHNSON (U.S.)
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Endotherapy Devices Market: Future Outlook
The global endotherapy devices market is segmented based on Type (Endotherapy Needles Devices {Fine Needle Biopsy (FNB) System, Fine Needle Aspiration (FNA) System, Fine Needle Fiducial (FNF) System}, Biopsy Forceps {Single-use Biopsy Forceps and Reusable Biopsy Forceps}, Balloon Dilators, Hemostasis System, Hemoclips, Snares, Catheters {Dilatation Catheters, Ureteral Catheters, Coronary Catheters}, Sphincterotomes, Guide Wires, Extraction Balloons, Extraction Baskets, Stents {Metal Stents And Plastic Stents}, Distal Caps, Polyp Retrieval Traps, Retrieval Net, and Other Devices), Application (Upper Gastrointestinal (GI) Endoscopy, Colonoscopy, Cystoscopy, Bronchoscopy, Laryngoscopy, and Other Applications), and Geography. The study also evaluates industry competitors and analyzes their market share at the global and regional levels.
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Among all applications studied in this report, the upper gastrointestinal (GI) endoscopy segment is expected to account for the largest share of the endotherapy devices market in 2023. The large market share of this segment is mainly attributed to the use of endotherapy devices in performing various GI procedures, such as endoscopic retrograde cholangiopancreatography (ERCP), endoscopic submucosal dissection (ESD), and peroral endoscopic myotomy (POEM) is driving the market. The preference for minimally invasive devices is rising to prevent complications during the procedure, reducing the chances of infection and hospital stay. These factors support the high adoption of endotherapy devices.
The stents segment is expected to register the highest CAGR over the forecast period. Factors such as inclination toward minimally-invasive endoscopic stenting and stent placement as a relatively safe procedure are driving market growth. As balloon dilation, an alternative for endoscopic stenting, involves the risk of restenosis, endoscopic stenting is preferred over balloon dilation for the treatment of strictures, driving the market growth.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, and the Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa. In 2023, North America is expected to account for the largest share of the endotherapy devices market. The large market share of this region can be attributed to the high awareness of endoscopic procedures, high adoption of endotherapy devices, advanced healthcare infrastructure, and presence of global and local key players. Additionally, the high utilization rate of endotherapy devices by endoscopists in North America is driving the regional market share.
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Key questions answered in the report-
• Which are the high-growth market segments in terms of type, application, and country/region?
• What was the historical market for endotherapy devices across the globe?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, challenges, and opportunities in the global endotherapy devices market?
• Who are the major players in the global endotherapy devices market?

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