USD 46.7 billion
Endoscopy Devices Market Size, Share, Growth Analysis, By Product(Endoscope(Flexible Endo scopes, Rigid Endoscopes, Disposable Endoscopes, Capsule Endoscopes), By End Use(Hospitals, Ambulatory Surgery Centers/Clinics, Other End Users), By Application(Gastrointestinal Endoscopy, Laparoscopy, Obstetrics/Gynaecology Endoscopy, Arthroscopy), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2089 |
Region:
Global |
Published Date: August, 2024
Pages:
219
|Tables:
59
|Figures:
75
Endoscopy Devices Market Insights
Global Endoscopy Devices Market size was valued at USD 46.67 billion in 2022 and is poised to grow from USD 50.22 billion in 2023 to USD 90.23 billion by 2031, growing at a CAGR of 7.6% during the forecast period (2024-2031).
The increasing burden of chronic diseases and growing elderly population worldwide are also expected to drive the adoption of advanced endoscopy tools such as wireless capsule endoscopy and high-resolution cameras use in the coming years. Gallstones, endometriosis, and bowel perforation require endoscopic interventions, which was expected to drive the endoscopy devices market in forecast years.
Additionally, medical professionals who want to use advanced endoscopic technology equipped with high resolution camera light to help physicians create internal organs of interest about such as, Stryker, Olympus Corporation, Fujifilm Holdings Corporation analyses in premium cameras are also driving the market. A change in preference for minimally invasive surgery over conventional surgery to reduce postoperative complications and reduce hospital stays are key factors expected if endoscopic devices demand has increased, which will accelerate market growth.
The increasing global burden of cancer also drives the adoption of diagnostic devices for early diagnosis and treatment. Furthermore, the increasing preference for biopsy for cancer detection and diagnosis in recent years is also likely to drive the adoption of endoscopic devices, which in turn is expected to drive the development of endoscopic devices over the years.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Flexible Endoscopes
Fastest Growth
Flexible Endoscopes
Growth Rate
7.6% CAGR
Global Endoscopy Devices Market ($ Bn)
Country Share for North America Region (%)
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Endoscopy Devices Market Segmental Analysis
Global Endoscopy Devices market is segmented by Product, Application, End user and Region. Based on Product, the market is segmented into Endoscope(Flexible Endo scopes, Rigid Endoscopes, Disposable Endoscopes, Capsule Endoscopes, Robot Assisted Endoscopes), Endoscopy Visualization System (Standard Definition (SD) Visualization Systems. High Definition (HD) Visualization Systems), Endoscopy Visualization Component (Camera Heads, Insufflators, High-Definition Monitors, Suction Pumps, Video Processors), Operative Devices (Energy Systems, Access Devices, Suction & Irrigation Systems, Hand Instruments, Wound Retractors, Snares), Other Endoscopy Devices. Based on Application, the market is segmented into Gastrointestinal Endoscopy, Laparoscopy, Obstetrics/Gynaecology Endoscopy, Arthroscopy, Urology Endoscopy, Bronchoscopy, Ent Endoscopy, Mediastinoscopy, Other Applications. Based on End user, the market is segmented into Hospitals, Ambulatory Surgery Centers/Clinics, Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Endoscopy Devices Market Analysis by Product
The endoscope segment dominated the market in 2023 and controlled the largest revenue share of 40.2% and is also expected to register the fastest growth rate with a CAGR of 4.7% during the forecast period. In addition, endoscopists help diagnose serious disease conditions such as cancer, GI disorders, urinary tract infections, and pneumonia. This high growth is attributed to increasing number of endoscopy procedures, coupled with wide adoption of endoscopes for better diagnosis and therapeutic surgery and biopsies. The endoscopes segment dominated the market and accounted for high revenue share in 2023, owing to its high preference of use by the medical professionals and its advantages such as safety, increased efficiency, and enhanced ergonomics as compared to rigid endoscopes.
The endoscopy visualization systems segment is a key player in the endoscopy devices market, providing essential tools for accurate diagnosis and low-cost techniques. Visualization systems with high resolution cameras, 3D imaging, and light sources goes a long way with clarifying the internal graphics and furthering the accuracy of these systems adoption, especially in fields like 4K, Artiphysal Intelegration, and Flores. It corrects a lot in charity accuracy and methodology, that helps providers faster and effective patient care. While hospitals and clinics are increasingly relying on visual monitoring systems to deliver results to improve efficiency and enhance efficiency, this segment remains a key driver for growth in the endoscopy devices market.
Endoscopy Devices Market Analysis by End-Use
The outpatient facilities segment dominated the market in 2023 and accounted for the largest revenue share of 53.3%. Outpatient facilities are also expected to grow at the fastest pace during the forecast period. The segment expects practical growth in outpatient facilities such as ambulatory surgery centers and diagnostic clinics due to the high demand for minimally invasive treatment and for reducing overall costs. In addition, faster healing times, and fewer complications using non-invasive keyhole endoscopic techniques are also leading to faster adoption of endoscopic devices in outpatient settings, which is also expected to boost segment growth over the forecast period.
The hospitals segment of the endoscopy devices market is expected to register significant growth during the forecast period. Technological advances, including improved imaging systems, and the development of sophisticated and accurate instruments improve the effectiveness and safety of endoscopic procedures besides the prevalence of chronic diseases and people of age increasing trends contribute to the increase in the number of medical endoscopy diagnostic procedures Karanization is driving the market growth. In February 2024, Emirates Healthcare (EHS) announced a new robotic endoscopy technique for the treatment of hernias in two hospitals. The Northern Emirates health regulator, EHS, said the approach could revolutionize the treatment of patients with gastroesophageal reflux disease (GERD).
Global Endoscopy Devices Market By Product (%)
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Endoscopy Devices Market Regional Insights
North America dominated the endoscopy devices market in 2023, accounting for the largest revenue share at 41.0%. The high prevalence of many diseases, including gastrointestinal disorders, respiratory conditions, neurological problems, gynecological issues, and cancer, creates the need for endoscopic techniques for diagnosis and treatment disease. For example, according to a report by ResearchGate, there were estimated 2 million new cases of cancer and 611,720 cancer-related deaths in the US. in 2024. The number of candidates for minimally invasive procedures in various medical specialties including gastroenterology, nephrology, neurology, gynecology, and otolaryngology in the US. is driving demand for endoscopy. Also, the increasing prevalence of cancer, the increasing number of elderly populations, which is prone to chronic diseases requiring endoscopic treatment, and the increasing need for timely & early diagnosis will enter is leading to a search for endoscopy. About 26,890 new cases of stomach cancer and about 10,880 deaths from stomach cancer are expected in 2024, according to the American Cancer Society.
Asia Pacific is expected to be the fastest growing region in the market owing to rapidly developing healthcare, less stringent regulatory framework and economic growth that attracts foreign investment. The market is expected to grow owing to good initiatives by private players, such as training of healthcare professionals and increased investment in R&D to develop moving endoscopes. China’s endoscopy devices market accounted for the largest share in 2023. China has the largest population in the world and is one of the fastest growing economies. Increased collaboration among market players to develop advanced endoscopes is one of the key factors driving the market growth. For example, in July 2023, HOYA Group and PENTAX Medical announced the opening of a new office in Shanghai, China. The center is owned by PENTAX Medical Shanghai Co., Ltd. which will focus on endoscopy manufacturing, R&D and service for the market. The facility will produce PENTAX Medical’s endoscopy solutions tailored to the market.
Global Endoscopy Devices Market By Geography
- Largest
- Fastest
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Endoscopy Devices Market Dynamics
Global Endoscopy Devices Market Drivers
Increasing Incidence of Chronic Diseases
- Increasing incidence of chronic diseases such as gastrointestinal disorders, cancer, cardiovascular diseases is a key driver of endoscopy devices market. These health issues often require specific, manageable diagnostic and treatment strategies better through less invasive endoscopic techniques. Endoscope devices offer solutions that reduce relief time, reduce scarring and minimize the risks associated with open procedures. Besides, when global awareness of disease of early detection rises, the demand for accurate diagnostic devices is expected to rise, further accelerating market expansion.
Advances in Endoscopy Technology
Technological advancements in endoscopy devices such as high-resolution imaging, 3D imaging, and AI diagnostics drive the market. Further innovations such as capsule endoscopy and robot-assisted endoscopy have provided these devices with this capacity increased, allowing for a more accurate diagnosis with less patient discomfort. This allows health care providers to accurately spot abnormalities. These advances not only improve clinical outcomes but also expand the use of endoscopic techniques in various fields including oncology, gastroenterology and pulmonology, leading to market growth.
Restraints
High Cost of Endoscopic Procedures and Equipment
Despite the advantages of endoscopic devices, their high cost may restrict market adoption, especially in low-income and middle-income areas. Furthermore, the initial investment in advanced diagnostic equipment and ongoing maintenance costs may be prohibitive for healthcare facilities with limited budgets and patients may face higher costs out of pocket for these treatments, limiting access to care. These cost constraints affect the widespread adoption of endoscopy technology and may slow the growth of the overall market.
Stringent Legal Requirements
The endoscopy devices market is subject to stringent regulatory standards and lengthy approval processes that can slow product development and market. Law enforcement agencies such as the U.S. The Food and Drug Administration (FDA) and the European Medicines Agency (EMA) impose stringent safety and quality requirements on endoscopic devices although these standards are necessary to ensure patient safety and delay the introduction of new products follow the market. These complex regulations pose a challenge to new entrants as well as established players, limiting the pace of market growth and technological innovation.
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Endoscopy Devices Market Competitive Landscape
The competitive landscape in the endoscopy devices market is intense, driven by rapid technological advancements and increasing demand for low-cost diagnostic solutions. Endoscopy devices constantly innovating to maintain their competitive edge through expansion and areas of application these companies invest heavily in R&D to develop high-resolution. The increasing presence of smaller specialist companies providing disposable endoscopes increases competitive pressures, especially as healthcare providers place higher priority on infection control and operational efficiency. This dynamic environment fosters innovation continuous production, with companies trying to meet medical needs and respond to changing regulatory standards, shapes the market.
Top Player’s Company Profiles in Global Endoscopy Devices Market
- Medtronic (US)
- Johnson & Johnson (US)
- Olympus Corporation (Japan)
- Fujifilm Holdings Corporation (Japan)
- Stryker Corporation (US)
- Karl Storz SE & Co. KG (Germany)
- Boston Scientific Corporation (US)
- Cook Medical (US)
- Smith & Nephew plc (UK)
- Hoya Corporation (Japan)
- CONMED Corporation (US)
- Pentax Medical (Japan)
- Richard Wolf GmbH (Germany)
- B. Braun Melsungen AG (Germany)
- Olympus Medical Systems Corp. (Japan)
- Fujifilm Medical Systems USA, Inc. (US)
- Medtronic plc (Ireland)
- KARL STORZ Endoscopy-America, Inc. (US)
- Arthrex, Inc. (US)
- Ethicon, Inc. (US)
Global Endoscopy Devices Market Recent Developments
- In March 2023, AIG Hospitals in Hyderabad established a Center of Excellence (CoE) in collaboration with Boston Science Club. The collaboration aims to enhance healthcare delivery by providing advanced treatment options and expertise in various medical fields. The CoE will focus on cardiology, gastroenterology, urology, & endoscopy, utilizing Boston Scientific’s innovative medical technologies and AIG Hospitals’ commitment to providing superior patient care. The partnership between AIG Hospitals and Boston Scientific is expected to bring significant growth and development for patients in Hyderabad & surrounding areas.
- In August 2024, Ambu received CE marking approval for its new generation duodenoscopy solutions, Ambu Abox 2 and Ambu Ascope Duodeno 2, for ERCP procedures.
- In November 2023, Ambu obtained 510(k) regulatory authorization from the US. FDA there for its urine guidance solutions, which include the aScope 5 Uretero (single-use urine guidance), aBox 2, and a complete HD endoscopy system.
- In February 2022, Medtronic partnered with the American Society of Gastroenterology (ASGE) to provide AI-powered colonoscopy technology for colorectal cancer screening in the US.
Endoscopy Devices Key Market Trends
- Growing demand for minimally invasive treatments: A notable feature of endoscopy devices market is the increasing preference for less invasive procedures among patients and healthcare professionals. Minimally invasive endoscopic procedures offer more advantages compared to conventional surgery such as pain relief, hospital stay shorter and faster healing time with resultant gastrointestinal tract. These techniques are becoming increasingly popular in surgeries related to the respiratory and reproductive systems. This trend is driving the demand for advanced monitoring devices anatomy that supports superior imaging and precision instrumentation, addresses the need for minimally invasive surgery and enhances patient care.
- Shift Towards Disposable Endoscope: Another emerging trend in the market is the shift to single-use disposable endoscopes to reduce the risks of cross-contamination and improve patient safety. Using disposable endoscopes eliminates the need for reprocessing and sterilization, which can be time-consuming and expensive. Additionally, problems with hospital-acquired infections have encouraged healthcare facilities to adopt new disposable medicines. Major players in the industry are investing in the development of cost-effective, high-performance disposable endoscopes to meet this growing demand. This trend is likely to continue as health care providers prioritize infection control and efficiency.
Endoscopy Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the endoscopy devices market is experiencing significant growth as the demand for less invasive diagnostic and therapeutic products continues to increase across the globe. With the increasing prevalence of chronic conditions such as gastrointestinal diseases, cancer, and heart disease, endoscopic procedures offer safer alternatives to traditional surgery, increase patient comfort, and reduced recovery time. Significant advances in endoscopic technology such as high-quality imaging, 3D visualization, AI-enabled diagnosis allowing this market to be diagnosed more accurately and effectively. With higher costs and regulations stringent internal requirements pose challenges especially in low and middle-income settings, where access to advanced endoscopic care may be limited. Despite these barriers, industry trends such as adoption of disposable endoscopes the atom size addresses cross-contamination concerns. Pervasive use of single-use, disposable devices eliminating need for the complicated sterilization procedures, increasing operational efficiency in healthcare settings. As these innovations and trends continue, the endoscopy devices market is expected to expand further.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 46.67 billion |
| Market size value in 2031 | USD 90.23 billion |
| Growth Rate | 7.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Endoscopy Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Endoscopy Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Endoscopy Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Endoscopy Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Endoscopy Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Endoscopy Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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