Nanotechnology has already made inroads in the healthcare vertical. Scientists, by the end of the year 2021, have created xenobots (small organic robots) that are capable of self-replication. Nanotechnology involves the use of nanoscale objects and materials, such as biocompatible nanomaterials, nanorobots, or even nanoelectric devices to exclusively serve medical purposes, such as diagnosis or treatment of living organisms. The market for endoscopic retrieval devices would advance in nanometric form in the next 10 years.
According to the National Institute of Diabetes and the Digestive and Kidney System, persistent digestive disorders affect around 70 million people a year. These statistics also include a staggering 48.3 million patients accessing outpatient care for treatment of digestive disorders each year.
Another factor that has driven the expansion in demand for endoscopic retrieval devices is the low morbidity and mortality of the procedure. The introduction of telemedicine in all fields including surgery has made it possible to treat patients from any remote location using endoscopic retrieval devices. This has proven to be a driving factor in the development of this field.
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Other developments that are helping major market players to offset the pre-existing disproportionate ratio of endoscopy procedure demand to delivered capacity include continuous evaluation and improvement of the system, as well as the hiring of well-trained professionals, who can handle the devices. endoscopic recovery for all procedures.
On October 30, 2020, Olympus Corporation, a leading player in medical device manufacturing, announced the launch of EndoTherapy devices “StoneMasterV” and “VortiCatchV”, which are the latest technology in the field of endoscopic retrieval devices for endoscopic retrograde cholangiopancreatography (ERCP). ).
The StoneMasterV Endoscopic Treatment Device combines a sphincterotomy and various sizes of expansion balloons in a single endoscopic device to optimize endoscopic sphincterotomy and papillary expansion performance.
The VorticCatchV is a basket-shaped, single-use nitinol endoscopic retrieval device specially designed for ERCP retrieval for the treatment of difficult-to-place gallstones. This device can be used for retrieval of stone found in a bile duct pouch, narrow duct, or intrahepatic duct. It can also be used for the removal of heavy sediment after a lithotripsy procedure.
Both products are innovatively designed to help surgeons expand their capabilities. These devices provide surgeons with improved procedural results with a high level of efficiency for difficult positions of bile duct stones.
The main driving force behind technological progress in the US gastrointestinal endoscopic retrieval equipment market is the natural preference for less than ideal non-invasive treatment methods. This market is constantly expanding its impact in the therapeutic field, solving diseases that were previously only treated with more invasive methods but now “through the endoscope”.
Demand for this field also continues to increase in the US region as several multi-specialty hospitals are acquiring outpatient facilities under their umbrella and expanding their reach into the market and group purchasing organizations (GPOs).
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There are also several reimbursement facilities available for patients undergoing endoscopic procedures, which is proving to be another key factor in the growing market demand for endoscopic recovery devices.
The European market is expected to show slow growth in the field of endoscopic retrieval device sales due to its saturated nature. However, some growth is anticipated during the forecast period. Due to the region’s geriatric population, there is a higher incidence of colorectal cancer among them.
For this reason, there has been an increased awareness of cancer detection through endoscopic procedures. All these factors are contributing to a low growth of the endoscopic extraction devices market in this continent.
Some of the leading endoscopic retrieval device manufacturers demand attention are,
- Well Lead Medical Co. Ltd.
- Jiangsu Ate Medical Technology
- Plasti-Med
- Steris Salud
- Medorah Meditek
- microtechnology endoscopy
- Olympus Corporation
- scientific boston
- Medinova Endosis
- Stryker Corporation
- Smith and Nephew Co.
- johnson y johnson
- Karl Storz SE GmbH
- medical pentax
- Medtronic PLC
- Endoscopia Shaili
- Medtronic
- ConMed Corporation.
On August 6, 2021, Medtronic announced that it will acquire all outstanding shares of the Menlo Park, California-based manufacturer of nasal sinus implants at a price of US$28.25 per share via an all-cash transaction. The transaction is expected to be completed by the end of Medtronic’s fiscal year 2021-22, provided customary closing conditions are met, including receipt of regulatory approval and Intersect ENT shareholder approval.
Intersect ENT Propel implants are primarily used in hospitals and ambulatory surgery centers. These bioabsorbable drug-eluting implants are used after sinus surgery to keep the channels open. The company designed it to treat patients with chronic sinusitis (CRS).
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Key segments:
By type of product:
- traps
- recovery forceps
- networks
- recovery forceps
- baskets
- magnetic retrievers
- Biliary Stent Retrieval Devices
By application:
- Biopsy
- polipectomia
- Management and drainage of gallstones
- Gastroesophageal reflux disease (GERD)
- Obesity
- Management of esophageal and colon strictures
- Hemostasis and Suture
- Others
By use:
- Single use only
- reprocessing
- Sterilization
By end user:
- hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers
- clinics
By region:
- North America
- Latin America
- Europa
- is from Asia
- South Asia
- Oceania
- Middle East and Africa
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