Endoscopic operative devices play a pivotal role in endoscopic surgical techniques. From minimally invasive surgeries to less risky procedures, endoscopic operative devices have benefitted healthcare professionals and patients. The endoscopic operative devices help healthcare professionals perform various successful procedures such as arthroscopic surgeries, laparoscopic surgeries, and other endoscopic procedures. The endoscopic operative devices are designed to meet specific surgical purposes, with some devices being rigid endoscopes and flexible endoscopes. Tissue staplers, biopsy forceps, suturing systems, and tissue scissors are some of the endoscopic operative devices. Endoscopic procedures are typically carried out by inserting a flexible tube, called an endoscope, to visualize and screen the internal organs for any abnormalities or aberrations.
The increasing incidences of surgical interventions, such as gastrointestinal surgeries, cardiovascular surgeries, and ENT procedures, have increased the demand for endoscopic operative devices. The demand has seen an exponential increase as the most common surgical interventions performed worldwide are endoscopy of the small intestine and colonoscopy. Moreover, increasing incidences of cancers and the rising need to perform minimally invasive surgeries to minimize surgical scars and complications are potentially driving the industry's growth. Additionally, the increasing investment in developing innovative endoscopic equipment and the increasing number of hospitals worldwide is further anticipated to fuel market growth. Endoscopic operative devices are more frequently adopted for surgical interventions due to the minimal postoperative complications and surgical scars it leaves. This is propelling the growth of the endoscopic operative devices market.
According to the American Cancer Society, there is a high prevalence of colorectal cancer cases diagnosed in people 50 years and older, and colonoscopy is the most preferred surgical intervention for screening and treating colorectal cancer in the United States. With the rising geriatric population and increasing need for endoscopic procedures, the market is poised to grow exponentially over the coming years. This is also driving the leading companies to develop advanced endoscopic operative devices. Some of the prominent players of the industry are Boston Scientific Corporation, Medtronic plc. Ethicon Endo-Surgery, Inc., Fujifilm Holdings Corporation Stryker Corporation, Smith & Nephew PLC, Olympus Corporation, HOYA Corporation, Intuitive Surgical, Inc., Cook Medical, Inc., Karl Storz GmbH, and J&J Services, Inc., among others. Germany-based Invendo Medical GmbH developed disposable endoscopes that offer a sterile alternative to circumvent the challenge of constant cleaning and processing. The Food and Drug Administration has approved these devices to minimize the risks of infections transmitted through medical devices.
Companies and hospitals have also been investing heavily in the research and development activities to develop advanced endoscope devices that are more minimally invasive than those available right now. In 2018, North Shore, NZ, received USD 224 million in funding from the New Zealand government to enhance surgery units and new facilities.
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