The China Endoscopy Devices Market is expected to register a CAGR of 6.5% during the forecast period. Endoscopic surgeries are performed for imaging procedures and minor surgeries. A growing preference for minimally-invasive surgeries, the increasing use of endoscopy for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors that are leading to the growth of the market.

According to the World Population Ageing 2019 report, in China population aged above 65 years or over is expected to reach 246.98 million by 2030 from 164.48 million in 2019. As the aged population are more prone to chronic diseases such as cardiovascular, respiratory and neurological diseases which will boost the market over the forecast period.

Endoscopy allows both operations on more fragile patients, notably the elderly, and the treatment of more complex diseases, such as cancer. Other benefits of endoscopy include reduced post-operative pain and risks of complications, rapid healing, lighter anaesthesia, and a shorter period of hospital stay. Surgery, interventional radiology, and advanced endoscopy have all developed minimally-invasive techniques to effectively treat a variety of diseases, in order to bring about a positive impact on patients’ postoperative outcomes. The growing awareness among the Chinese population about minimally-invasive procedures and the rising prevalence of chronic diseases across the country, are boosting the demand for endoscopy devices.

Key Market Trends

Capsule Endoscope 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 has numerous potential applications and a rising role in the digestive pathological examination.

The market for capsule endoscopy in China is expected to be driven by the technological advancements that are adopted by medical professionals in China, and an increasing number of new players that are expanding the business in the Chinese market. The introduction of technologically advanced features, such as Wi-Fi-enabled small bowel capsules, featuring longer battery life, is further expected to drive the demand for capsule endoscopy devices.

The usage of a capsule endoscope not only makes patient’s visits to the hospitals/clinics more comfortable but also lowers the examination costs while offering proper treatment. A capsule endoscope is designed to be disposable after use. This eliminates any possibility of in-hospital infection, as in the case of conventional endoscopy. At present, capsule endoscopy and enteroscopy are the preferred methods to examine the small bowel, in most situations.

Furthermore, according to the Ministry of Health (MOH) China, the total healthcare expenditure spent by China in 2018 was 5.9 trillion yuan which was increased compared to 4.6 trillion yuan in 2016. As healthcare expenditure increases which will boost the market. Thus, owing to above factors the segment is expected to show growth over the forecast period.

Competitive Landscape

The China Endoscopy Devices Market is consolidated competitive. The various global, as well as local companies, are into the business. The major share of the market is grabbed by the global companies whereas, local companies are also throwing immense competition to gain the market share. With the growing technological advancements, it is believed that China will witness more companies penetrating in this market.

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