Endosurgery Devices Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

Global endosurgery devices market size is projected to surpass around US$ 13.5 billion by 2028 with a CAGR of 4.3% from 2020 to 2028.

Endosurgery devices are used in minimally invasive surgeries as well as open or invasive surgeries. These devices use either mechanical stress or power to perform procedures such, as ligation, hemostasis, and access to surgical area, or utilize the high frequency electrical current to cut, coagulate, and desiccate tissues. In terms of product, the endomechanical devices segment dominated the global endosurgery devices market in 2020 and is anticipated to account for the largest market share during the forecast period. This can be attributed to the increase in usage of surgical staplers, technological advancements in endomechanical devices, and rise in various types of endosurgery such as bariatric and gynecology surgery. The endomechanical devices segment is also likely to be driven by innovation, research & development, and new product launches by major players in the market.

Based on application, the bariatric surgery segment held a major share of the global endosurgery devices market in 2020. Large share of the segment can be attributed to the increase in incidence of obesity globally and rise in awareness about its treatment. Bariatric surgery is also known as weight loss surgery. Gastric bypass is the most common form of bariatric surgery. All bariatric surgeries are laparoscopic surgeries. Bariatric surgeries also include endoscopic sleeve gastroplasty, sleeve gastrectomy, and biliopancreatic diversion with duodenal switch.

Robot-assisted Endoscopy to Replace Conventional Endoscopic Procedures

Minimally invasive procedures are associated with shorter hospital stays and significantly low degree of discomfort compared to conventional surgical techniques. However, despite these advantages, alternative treatments such as technologically advanced endoscopic surgeries, which include natural orifice transluminal endoscopic surgery (NOTES), endoscopic sub mucosal dissection (ESD), and suturing that require training and a high level of expertise could slow down the growth of the endosurgery devices market.

Although a broad range of endosurgery devices, such electrosurgical knifes, hemostatic forceps, suturing devices, and distal attachment caps are available, these conventional endosurgery devices lack the capabilities of advanced endosurgery devices. For instance, there is a dearth of desired dexterity required to carry out fine surgical maneuvers such nonaxial tissue manipulation and triangulation of instruments. Due to the limitations of conventional endosurgery devices, endoscopic robotic systems have made an entry into the endosurgery devices market. The entry of robotic endosurgery devices, including dissection tools, electrocautery devices, and sutures have resulted in effective, precise, reliable, and safe endoscopic procedures. At present, manufacturers operating in the endosurgery devices market are focusing on addressing the issues pertaining to instrument control and locomotion to improve the performance and overall output of these devices.

Rise in Minimally Invasive Surgeries

  • Usage of endosurgery devices in several surgical applications is increasing due to its characteristics such as ease of use, less pain caused to patients, and lower risk of side effects after the surgery
  • Utilization of endosurgery devices in bariatric applications is rising due to obesity and rise in awareness about its treatments 

Surge in Adoption of Advanced Robotic Endosurgery Devices

  • Recent developments in technology have led to a rise in the usage of advanced endosurgery devices such as the smart stapling system
  • Intuitive Surgical (da Vinci) offers SureForm 60, which is a robotic stapling instrument
  • The advent of robotic surgical systems and adoption among various specialties drive the demand for advanced surgical instruments to be used in these robotic surgical procedures. This has encouraged key surgical robot manufacturers to develop new endosurgery devices indigenously and in collaboration with key endosurgery device manufacturers.

Prominent Regions

North America accounted for a major share of the global endosurgery devices market in 2020, followed by Europe. North America’s dominance can be ascribed to a well-established healthcare industry, early adoption of new products, and presence of major market players in the region. Europe was also an attractive market for endosurgery devices in 2020, attributed to increased focus of companies on introducing new technologically advanced endosurgery devices in the region. The endosurgery devices market in Asia Pacific is expected to grow at a faster pace than other regions during the forecast period, due to a large patient base in countries such as India and China and increase in the number of surgeries performed, which is anticipated to increase the demand for endosurgery devices.

Major players operating in the global endosurgery devices market are

  • Medtronic
  • Stryker
  • Ethicon, Inc.
  • KARL STORZ SE & Co. KG
  • Olympus Corporation
  • Erbe Elektromedizin GmbH
  • Meril Life Science Pvt. Ltd
  • Healthium Medtech
  • Conmed Corporation
  • Reach Surgical 

Market Segmentation

By Product

  • Endomechanical Devices
    • Trocars
    • Staplers
    • Ligation Kits
    • Others
  • Electrosurgical Devices
    • Generators
    • Consumables
    • Monopolar
    • Bipolar
    • Vessel Sealing

By Application

  • Abdominal Surgery
  • Thoracic Surgery
  • Gynecology Surgery
  • Colorectal Surgery
  • Bariatric Surgery
  • Transplant Surgery
  • Others

By End User

  • Hospitals & Ambulatory Surgical Centers
  • Specialty Clinics & Nursing Homes

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Endosurgery devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Endosurgery devices market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Endosurgery devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Endosurgery devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Endosurgery devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Endosurgery devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Endosurgery devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Endosurgery devices market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Endosurgery devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Endosurgery devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Endosurgery devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Endosurgery devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Endosurgery devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Endosurgery devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Endosurgery devices market. These factors have benefited the growth of the global market for Endosurgery devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Endosurgery devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Endosurgery devices are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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