The global endosurgery devices market is anticipated to grow at a CAGR of around 4.9% during the forecast period 2020 to 2027 and to reach around US$ 14.1 Bn by 2027.
Increasing number of patients related to surgeries such as colorectal, bariatric, and transplant, rapid technological advancements in medical devices and demand for minimal surgical devices are major factors expected to drive the growth of global market. In addition, high government spending on development of healthcare sector and availability of favorable business policies are factors responsible for the growth of target market.
Major players are focused on increasing the business presence in emerging economies which is expected to augment the growth of target market. Business development activities by major players in order to enhance the customer base and increase the revenue share is expected to boost the growth of target market.
In 2019, CONMED Corporation, a global medical technology company that specializes in the development and sale of surgical and patient monitoring products and services acquired Buffalo Filter LLC. This acquisition is expected to help the company to strengthen its position in the high-growth surgical smoke-evacuation and laparoscopy surgery solutions market.
In 2018, Healthium Medtech, a global manufacturer and distributer of medical devices and consumables, including minimally invasive products such as endosurgery, and arthroscopy consumables was acquired by Apax Partners. This acquisition is expected to help the company to enhance the profit ratio.
In 2017, Ethicon, Inc. a manufacturer of medical devices and surgical instruments acquired Megadyne Medical Products, Inc. This acquisition is expected to help the company to enhance the customer base.
In 2015, Medtronic plc, a medical device company acquired Covidien with the focus to enhance the product portfolio in minimally invasive surgery devices.
In 2017, Ethicon, Inc. launched ProxiSure™ Suturing Device, an advanced laparoscopic suturing device featuring Ethicon endomechanical, suture and curved needle technologies.
Players focus on tracking the untapped market in developing countries is expected to support the revenue traction of target market. However, factors such as high cost of devices and stringent government regulation related to product approval are factors expected to hamper the growth of global endosurgery devices market. In addition, lack of advanced infrastructure in developing countries is expected to challenge the growth of target market.
Technological advancements by major payers, development of smart wireless devices with advanced features, and increasing partnership for product development are factors responsible to create new opportunities for players operating in the target market over the forecast period. In addition, government of developing countries spending on development of healthcare sector is expected to support the target market growth.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to rising number of patients suffering from various chronic diseases. In addition, availability of advanced healthcare infrastructure for R&D activities and favorable reimbursement policies are factors expected to support the growth of target market.
High investment by major players for R&D activities and approach towards introduction of innovative solutions are factor responsible for the growth of regional market. In addition, increasing strategic merger & acquisition activities is expected to support the growth of target market.
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Global Endosurgery Devices Market
2016 – 2027
2020 – 2027
Product, Application, End Use and Geography
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Endosurgery Devices Market Segment Analysis, 2019
The global endosurgery devices market is segment into product, application and end use. The application segment is bifurcated into abdominal surgery, thoracic surgery, gynecology surgery, colorectal surgery, bariatric surgery, transplant surgery, and others. Among the application the gynecology surgery is expected to account for significant revenue share in the target segment.
The end use segment is further divided in to hospitals & ambulatory surgical centers and specialty clinics & nursing homes and the hospitals & ambulatory surgical centers is expected to account for major revenue share due to high government spending on development of hospital infrastructure.
The players profiled in the report are Stryker, Ethicon, Inc., KARL STORZ SE & Co. KG, Olympus Corporation, Erbe Elektromedizin GmbH, Meril Life Science Pvt. Ltd, Healthium Medtech, Medtronic, Conmed Corporation, and Reach Surgical.
Market By Product
Market By Application
Market By End Use
Hospitals & Ambulatory Surgical Centers
Specialty Clinics & Nursing Homes
Market By Region
Middle East & Africa
Rest of Middle East & Africa
The global endosurgery devices market in 2027 is expected to be above US$ 14.1 Bn.
Increasing number of patients related to surgeries such as colorectal, bariatric, and transplant, rapid technological advancements in medical devices and demand for minimal surgical devices are major factors expected to drive the growth of global market.
The CAGR of the global endosurgery devices market from 2020-2027 is above 4.9%.
In end use segment the hospitals & ambulatory surgical centers segment is growing at faster pace.
In the global market the North America held the largest share
In the global market the Asia Pacific is expected to grow faster.
Some of the players considered in the report scope are Healthium Medtech, Medtronic, Conmed Corporation, and Reach Surgical.