Medical Soft Tube Endoscope Market Size, Share, Growth, and Industry Analysis, By Type (below 3mm, and equal or above 3mm) and by application (gastrointestinal treatment, throat treatment, bronchial therapy and others) 2033

MEDICAL SOFT TUBE ENDOSCOPE MARKET REPORT OVERVIEW

The global Medical Soft Tube Endoscope market size was USD million 23119.19 in 2024, and the market projected USD 39515.84 million by 2033, exhibiting CAGR of 9.4%.

This market is a specialized segment of broader endoscopy market. It focuses on flexible endoscopes being used in a variety of medical procedures. The medical soft tube endoscope is a flexible instrument, used in various therapy treatments or for diagnostics purposes. It is used in gastroenterology, urology, gynecology and many other diagnoses. The medical soft tube endoscope market is driven by development of minimally invasive procedures and the technological advancements.

COVID-19 Impact: Prioritization of COVID-19 patients caused delayed effective procedures

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The increase in the COVID-19 patients reduced the light on endoscopy procedures. Due to fear of infection the endoscopy patients avoided going to hospitals, which reduced patient visits. And the hospitals prioritized treatments of the COVID patients. The restrictions of lockdown caused delayed manufacturing and distribution of the equipment required for endoscopy. It affected the availability of endoscopes in the market. Though the healthcare sector was on boom during the pandemic, but there were budget cuts and financial strains on the systems which reduced investments in new medical equipment.

LATEST TRENDS

"Adoption of AI and Robotics and increasing use of single-use endoscopes drives safety and precision in market"

The use of artificial intelligence is increasing in the medical soft tube endoscope market growth. The software powered by AI is being used to detect anything abnormal. It is also used to diagnose conditions with high accuracy. The machine algorithms can analyze endoscopic images in real-time providing faster diagnosis. Since, the spread COVID-19, the chances of infection have increased and the concern for it as well. This resulted in rising demand for single-use endoscopes. It reduces chances of infection. Though these were more expensive in the beginning it has reduced costs of sterilization and maintenance of reusable devices.

TWO COMPONENT PRIMER MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into below 3mm and equal or above 3mm.

• Below 3mm: they are thinner which cause minimal patient discomfort. Are used for delicate and narrow areas.

• Equal or above 3mm: it’s the standard size, almost used in all diagnosis and therapy procedures. It gives robust imaging and tool capacities.

By Application

Based on application the global market can be categorized into gastrointestinal treatment, throat treatment, bronchial therapy and others.

• Gastrointestinal Treatment: focused on diagnosis and treatment of stomach, colon and intestine conditions.

• Throat Treatment: to examine and treat throat or upper respiratory tract conditions.

• Bronchial Therapy: for diagnosing and treating conditions of bronchi and lungs.

• Others: other applications such as urology, gynecology or other endoscopic procedures.

DRIVING FACTORS

"Advancements in endoscopic technology drives market growth"

The use of Artificial Intelligence is increasing in the endoscopy market as well. It is powered by software that detect any abnormalities. Use of robotic assistance is increasing for diagnosis and treatment. The machine learning used in this field helps to get real-time reports and analysis which help in faster diagnosis and treatments. Due to these advancements the precision has increased and the procedures have improved to a large extent.

"Rising demand for minimally invasive procedures boosts market expansion"

The patients are aware of the now in market minimally invasive procedures and their benefits. These procedures cause less scarring, provide faster recovery and cause less pain. This is driving the demand for minimally invasive procedures. Faster recovery also means shorter hospital stays which result in lower overall healthcare expenses. It is now possible to get improved images and there are better surgical tools in market. Which enhances efficiency and safety of minimally invasive surgeries.

RESTRAINING FACTORS

"Cost constraints hinder market growth"

The initial investment required in acquiring advanced endoscopic equipment is high. Also, there are regular maintenance expenses, training expenses and sterilization expenses to add to the burden. This becomes an impeding factor for market growth because healthcare facilities with constrained resources can’t afford it.

OPPORTUNITIES

"Increasing Prevalence of Chronic Diseases"

India has been experiencing a significant rise in chronic diseases, such as gastrointestinal disorders and cancers, which necessitate diagnostic and therapeutic endoscopic procedures. This trend underscores the growing demand for advanced endoscopic equipment, including medical soft tube endoscopes.

"Rising Preference for Minimally Invasive Procedures"

Minimally invasive surgeries, which utilize endoscopic devices, have become increasingly popular due to their benefits, such as reduced recovery times and lower risk of complications. This shift towards less invasive treatment options is contributing to the growth of the endoscopy devices market in India.

CHALLENGES

"Shortage of Trained Endoscopists and Physicians"

A significant challenge in the Indian endoscopy market is the lack of adequately trained professionals to perform endoscopic procedures. This shortage can lead to underutilization of available endoscopic equipment and services.

"High Costs of Endoscopic Devices"

The substantial investment required for procuring endoscopic equipment poses a financial challenge for many healthcare providers, especially in resource-constrained settings. This financial barrier can limit the accessibility of advanced endoscopic procedures for patients.

MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

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"North America dominates the market due to advanced healthcare infrastructure and technological adoption"

North America is the market leader for medical soft tube endoscope market. The healthcare infrastructure in United States and Canada is strong and the development supports technology adoption in medical innovations. Even the hospitals and healthcare providers adopt the new developments in the medical field quickly. This means the medical organizations in the area offer diagnostic accuracy, enhanced patient outcomes and efficiency in operations. The region spends heavily in research and infrastructure development of healthcare services. These factors have helped North America in dominating the medical soft tube endoscope market share.

KEY INDUSTRY PLAYERS

"Continuous innovation and global reach propel key players to dominate the market"

The key players have sustained by investing in research and development time and again. They have constantly made innovations that align with the latest requirements of the endoscopic market. They constantly increased their product performance, using ability and patient outcomes. These companies have a portfolio of wide range of products that cater to various endoscopic solutions. They cover a wide range of applications such as gastronomy, respiratory, gynecology and various others. These companies have established a wide network across various countries, which allows them to penetrate into various markets. They focus on providing high quality products that can be relied on. All these factors have helped the key players to sustain their hold and position in the market.

List of Market Players Profiled

• Olympus (Japan)
• Fujifilm (Japan)
• PENTAX Medical (HOYA) (Japan)
• Stryker (US)
• Karl Storz (Germany)
• Richard Wolf (Germany)
• Medtronic (US)
• Johnson & Johnson MedTech (US)
• Shenzhen Mindray (China)
• Optomedic (China)
• Shanghai Aohua Photoelectricity Endoscope (China)
• Qingdao Novelbeam Technology (China)
• Sonoscape Medical Corp. (China)

INDUSTRIAL DEVELOPMENT

July 2024: The Medetronic of United States launched their new intelligent endoscopy module the GI Genius. This device is equipped with artificial intelligence to improve the detection of colorectal polyps during colonoscopy procedures. This module works in real-time, analyzes video images from the endoscope. It is significant advancement in field of gastronomical endoscopy.

REPORT COVERAGE

The report provides a thorough SWOT analysis. It discusses the latest trends and new innovations in the medical soft tube market. It sheds light on the impact of COVID-19 on the market. It explains the segmentation of the market on basis of type and application. It presents the driving factors of the market while not ignoring the restraining factors. National and regional evaluations are also included.