Market Trends of China Endoscopy Devices Industry
Capsule Endoscopy Segment is Expected to Witness Rapid Growth Over the Forecast Period in the China Endoscopy Devices Market
Capsule endoscopy is an effective, automatic, simple, and painless method of imaging the mucosa of the digestive tract. It contains numerous potential applications and a rising role in digestive pathological examination.
The capsule endoscopy segment in China is expected to be driven by the technological advancements adopted by medical professionals in China and an increasing number of new players expanding the business in the Chinese market. The introduction of technologically advanced features, such as Wi-Fi-enabled small bowel capsules featuring longer battery lives, is expected to drive the demand for capsule endoscopy devices.
Using a capsule endoscopy makes patients' visits to hospitals or clinics more comfortable and lowers the examination costs while offering proper treatment. A capsule endoscope is designed to be disposable after use. It eliminates any possibility of an in-hospital infection, as in the case of conventional endoscopy. In most situations, capsule endoscopy and enteroscopy are the preferred methods to examine the small bowel.
In colorectal cancer screening, colon capsule endoscopy (CCE) is used as a filter test in between the fecal immunochemical test (FIT) and colonoscopy. Additionally, using a capsule endoscope, cancers in the small intestine or other areas of the digestive tract are seen. Hence, the rising cases of colorectal cancer in China are expected to boost market growth over the forecast period. For instance, according to the study published in the Chinese Medical Journal in May 2022, 592,232 colorectal cancer cases occurred in 2022. Thus, the huge burden of colorectal cancer is expected to boost the market growth.
Thus, for the above reasons, the segment is reported to grow significantly over the forecast period.
Gastroenterology Segment is Expected to Witness Rapid Growth Over the Forecast Period in the China Endoscopy Devices Market
Gastrointestinal endoscopy is a diagnostic and therapeutic procedure that allows one to image, assess, and treat GI illnesses. Gastrointestinal endoscopy can be categorized as upper or lower endoscopy depending on whether the upper GI tract (esophagus, stomach, duodenum, and jejunum) or lower GI tract (rectum, colon, and terminal ileum) is examined. Further, the major factors fuelling the market's growth are the rise in gastrointestinal diseases and the increased senior population.
According to the study published in Frontiers in Public Health in October 2022, IBD prevalence and incidence sharply increased in China during the past three decades. Moreover, the aging population in China is a major reason for the increasing burden of IBD in the next 25 years. IBD incidence cases are expected to increase until 2030-2034 to 20000 in females and 32400 in males. Thus, the huge burden of GI tract diseases is expected to propel the segment's growth over the forecast period.
Additionally, product launches by the market players are expected to boost market growth over the forecast period. For instance, in September 2021, Sonoscape's echoendoscope EG-UR5 was recently approved by China's National Medical Products Administration (NMPA), which made it the first domestic echoendoscope product approved in China. EG-UR5 is mainly used for endoscopic observation and diagnosis of the upper gastrointestinal cavities and ultrasound scanning of the upper gastrointestinal wall and surrounding organs.
Thus, all the factors above are expected to boost segment growth over the forecast period.
