The south korea endoscopy devices market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing desire for less invasive operations, rising prevalence of endoscopy for treatment and diagnosis, and technical developments leading to expanded applications.
Endoscopes are minimally invasive instruments that may be placed into natural bodily holes to examine an inside organ or tissue in detail. Endoscopic operations are used for imaging and small surgery procedures. These devices are implanted in the body either through natural holes or cavities (such as the anus and mouth) or through incisions, particularly in arthroscopy. Other elements of endoscopy equipment, such as a camera or light source at the tip of the endoscope, assist physicians or medical professionals (endoscopists) in analysing internal organs of interest. Endoscopy can be performed to evaluate digestive system symptoms such as nausea, vomiting, abdominal discomfort, swallowing difficulties, and gastrointestinal bleed.
The Covid-19 pandemic affected the demand and supply of South Korea endoscopy devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Segment Insights
Based on type of device, the South Korea endoscopy devices market is divided into endoscopes, endoscopic operative devices, and visualization equipment. The SD Visualization segment is expected to represent a key share of the market during the forecast period. Both 2D and 3D endoscopic equipment employ SD camera systems. The first-generation endoscopic SD camera contains one or three chips and always outputs to a recording device or an analogue display. Endoscopic cameras that use standard definition (SD) transmissions provide pictures with 4:3 aspect ratio. These visualization systems use charge coupled device chips to produce a high-resolution image that is presented in SD format. Many technical improvements, such as complementary metal-oxide-semiconductor (CMOS) and CCD innovations have resulted in minor chips that make the endoscopic process easier and aid in better resolution.
On the basis of application, the South Korea endoscopy devices market is segregated into gastroenterology, orthopaedic surgery, cardiology, ENT surgery, gynaecology, neurology, urology, and others. The gynaecology segment is expected to represent a key share of the market during the forecast period. The gynaecologic laparoscopic surgery is one of the most frequent minimally invasive procedures for obtaining a clear view of the pelvic area. A pelvic laparoscopy can look at the uterus, ovaries, and fallopian tubes. These devices are also used to remove fibroids, uteruses, ovarian cysts, and lymph nodes, as well as to identify ovarian, uterine, and cervical cancer. As a result, the market is anticipated to develop rapidly throughout the forecast period, owing to the growing prevalence of gynaecologic cancer.
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Key Players Covered in the Report
PENTAX Medical; TECHCORD Co., Ltd; Olympus Corporation; Medex World Wide; Karl Storz SE & Co. KG
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