Endoscope Market Size, Share, Growth Analysis, By Flexibility(Flexible, Rigid), By Disposability(Disposable, Reusable), By Product(Conventional (Bronchoscopes, Duedonescopes, Colonoscopes, Cystoscopes), By End Use(Hospitals and Clinics, Ambulatory Surgical Centers, Others), By Application(Gastrointestinal, ENT, Oncology, Respiratory), By Region - Industry Forecast 2024-2031

North America accounted for the largest share of the global endoscope market and is expected to maintain its dominance during the forecast period. It accounted for more than 41% share of the total revenue worldwide. This can be attributed to the rising elderly population, increased healthcare spending, and growing use of elective endoscopic treatments. Intensification of preventive healthcare initiatives, appearance of highly advanced healthcare organisations, and supportive reimbursement environments are driving the market expansion in this region. Over the course of the forecast period, it is also projected that the increasing prevalence of cancer and functional gastrointestinal disorders in the U.S. will further propel the market growth. Moreover, the American Cancer society also predicted that 1.9 million new cancer patients will be diagnosed in 2021 in U.S. These factors will drive the market growth in this region.

Asia Pacific region is expected to be the fastest growing market for endoscopes during the forecast period. This is possible because of the existence of a sizable patient pool with functional gastrointestinal diseases. The expanding elderly population and better healthcare infrastructure are a few of the major factors boosting the APAC regional market. Additionally, it is anticipated that the region would draw international investment due to its rapid economic development and rising government healthcare spending. Furthermore, the use of endoscopes is being accelerated by the presence of major manufacturers in APAC, which in turn is fostering regional market expansion.