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

Endoscope Market size was valued at USD 12.4 billion in 2019 and is poised to grow from USD 13.6 billion in 2023 to USD 27.9 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).

Endoscope is a thin imaging probe which have a fitted light and camera which the doctor use to examine esophagus, stomach and the beginning of small intestine. The endoscopy procedures are minimally invasive and does not involve surgery. Endoscopy equipment user include gastroenterologist, gynecologist, nephrologist, neurologist, cardiologist, hepatologist and liver transplant surgeon. Numerous gastrointestinal conditions, including esophageal adenocarcinoma, erosive esophagitis, gastroesophageal reflux disease, colorectal polyps, and cancer, are linked to it. Bariatric surgery is the most optimal solution for this. Thus it is projected that demand for endoscopic minimally invasive bariatric surgeries will fuel market expansion.

Rising prevalence of chronic diseases, as well as the growing awareness of disease detection through minimally invasive surgical procedures, are expected to drive market growth in the coming years. Furthermore, favorable reimbursement policies and increasing FDA approvals for endoscopic devices are expected to drive market growth in the coming years. For example, the US Food and Drug Administration granted 510(k) clearance to EndoFresh's disposable digestive endoscopy system in 2019, a device designed to reduce the possibility of contamination in gastrointestinal procedures.

US Endoscope Market is poised to grow at a sustainable CAGR for the next forecast year.