The Japan Endoscopy Devices Market is expected to register a CAGR of 4.5% during the forecast period. This is attributing to growing preference for minimally invasive surgeries, increasing adoption of endoscopes for treatment and diagnosis, and technological advancements. Endoscopy allows both operations on more fragile patients, notably the elderly, and the treatment of more complex diseases, such as cancer. Several more benefits of endoscopy include reduced post-operative pain and risks of complications, rapid healing, lighter anesthesia, and a shorter period of hospital stay. Surgery, interventional radiology, and advanced endoscopy have all developed minimally invasive techniques to effectively treat a variety of diseases, in order to bring about a positive impact on patients' postoperative outcomes. The growing awareness among the elderly population about minimally invasive procedures and the rising prevalence of chronic diseases in this region will boost the demand for endoscopy devices. However, the lack of skilled technicians and infections caused by few endoscopes are hindering the market growth.
Key Market Trends
Endoscopy Devices in Gynecology is Estimated to Witness a Healthy Growth in Future.
Endoscopy Devices in Gynecology are estimated to witness healthy growth in the future. The high growth of the gynecology segment is due to the fact that the gynecologic laparoscopic procedure is one of the common, minimally-invasive procedures performed to obtain a clear picture of the pelvic region. Uterus, ovaries, and fallopian tubes can be examined with a pelvic laparoscopy. These devices are also used for fibroids removal, uterus, ovarian cysts, lymph nodes, or an ectopic pregnancy, detection of cancer of the ovary, uterus, and cervix. As per Globocan, in 2018 the number of new cases for corpus uteri and ovary cancer is 16,797 and 10,672. The presence of a large number of populations affected by the ovary and corpus uteri cancer can be minimized by using endoscopy devices. Therefore, with the rising burden of gynecologic cancer and the rising demand for these devices, the market is expected to witness rapid growth over the forecast period.
The Japan Endoscopy Devices Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Boston Scientific Corporation, Johnson and Johnson, Medtronic PLC, Olympus Corporation, Cook Group Incorporated, KARL STORZ, Conmed Corporation, Fujifilm Holdings Corporation, and Richard Wolf GmbH.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support