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Endoscopy is a medical imaging technique involving the insertion of a long and thin tube into the body to observe and examine internal organs. The imaging techniques are minimally invasive and beneficial for examining patients with gastrointestinal tract, respiratory tract, urinary tract, and female reproductive tract disorders.
Different types of light sources are used in endoscopies, such as LED, xenon, halogen, and laser. These light sources are connected to the endoscope via a cable. These are required for different clinical applications and are utilized during endoscopic procedures.
The prevalence of gastroenterological disorders is rapidly increasing across the globe. Along with this, the factors such as the growing number of surgical procedures and the adoption of high-intensity endoscopic light sources to offer efficient diagnosis and treatment are also contributing to the growth of the light sources for endoscopy market.
The increasing focus on the development of innovative light sources for endoscopy using technology such as laser-driven light sources is expected to fuel the global market growth in the coming years.
The market for light sources for endoscopy was significantly affected by the COVID-19 pandemic. The occurrence of the novel coronavirus affected endoscopy practices across the globe. Moreover, it caused a marked reduction in the volume of endoscopy, cancer screenings, and endoscopy procedures.
Furthermore, endoscopic procedures are aerosol-generating and necessitate direct contact with the patients for a reasonable period, in addition to shedding the virus in the stool, which ultimately increases the risk of infection to the endoscopy staff.
During the pandemic, healthcare services, including the endoscopy services in all countries, were impaired by various factors such as deficiency in healthcare workers, deficiency in the protective equipment necessary to comply with infection control policies, and infection transmission during endoscopy practices.
Compared with baseline, endoscopy units reported 83% reduction in total endoscopy volumes during the COVID-19 pandemic. There was an 82% reduction in upper endoscopy procedures (esophagogastroduodenoscopy and endoscopic ultrasonography) and an 85% reduction in lower endoscopy (flexible sigmoidoscopy and colonoscopy).
Due to these factors, the utilization of endoscopy light sources along with the endoscopy system required for endoscopic procedures was decreased during the COVID-19 outbreak.
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The report covers the following key insights:
Based on product type, the LED segment accounted for a significant proportion of the light sources for endoscopy market in 2022. The segment growth is attributed to the rising demand for LED endoscopy light sources among the end-users. The demand for LED light sources increases due to its various advantages, such as longer lifespan, greater dependability, and more luminous intensity.
As a result, LED light sources are gradually taking the place of xenon lamps in endoscopic instruments due to their enhanced longevity and higher energy efficiency.
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North America is expected to gain a significant market share in the light sources for endoscopy market during the forecast period. The important factors boosting the growth of the market are the rising predominance of acute and chronic diseases and the extensive usage of advanced endoscopes in surgical procedures.
The rising popularity of LED light sources for endoscopy and the presence of state-of-the-art medical infrastructure are some primary factors boosting the market growth in North America.
The report includes the profiles of key players such as Olympus, Boston Scientific Corporation, FUJIFILM Corporation, B. Braun Melsungen AG, Stryker, CONMED Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Aohua Endoscopy Co., Ltd., and others.
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