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

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.