USD 42.42 billion
Endoscopy Equipment and Software Market Size, Share, Growth Analysis, By product(endoscopes, visualization systems, software, accessories), By application(diagnostics and surgery), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35G2130 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Endoscopy Equipment and Software Market Insights
Endoscopy Equipment and Software Market size was valued at USD 45.6 Billion in 2023 and is poised to grow from USD 49.02 Billion in 2024 to USD 87.08 Billion by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).
Endoscopy involves inserting a long, thin tube into the body through a natural orifice, such as the mouth, to closely examine an internal organ or tissue. It is also capable of other activities like imaging and simple surgery. Endoscopy is thought to be the game-changer for minimally invasive and non-invasive surgery. In the upcoming years, the endoscopy equipment and software market will grow as a result of a number of key factors, including an ageing population with a variety of comorbidities, an increase in gastrointestinal problems, cancer cases, and other chronic diseases, as well as technological advancement.
Additionally, the growing preference among medical professionals for using endoscopy equipment outfitted with technologically advanced cameras and light sources, as well as the expanding interest in and adaptability of various hospitals for endoscopy will drive the growth of the endoscopy equipment and software market in the forecast period.
Additionally, approximately 75% of cancer patients require surgery, according to the Lancet Commission on Global Surgery's report. Due to the unstable medical conditions of cancer patients, there will be a rise in the need for minimally invasive or non-invasive surgery, which will help the endoscopy equipment and software market grow over the coming years.
The usage of disposable endoscopic components to reduce operation costs and the risk of cross-contamination will also fuel market expansion in the ensuing years. During the forecast period, it is anticipated that new FDA approvals, insurance company reimbursement policies for endoscopic surgery, faster recovery times, and fewer postoperative complications would all contribute to market expansion.
US Endoscopy Equipment and Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Diagnostics
Fastest Growth
Diagnostics
Growth Rate
7.5% CAGR
Global Endoscopy Equipment and Software Market ($ Bn)
Country Share for North America Region (%)
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Endoscopy Equipment and Software Market Segmental Analysis
Global Endoscopy Equipment and Software Market is segmented based on the product, application and region. Based on product, the market is segmented into endoscopes, visualization systems, software, accessories, and other endoscopy equipment. Based on application, the market is segmented into diagnostics and surgery. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Endoscopy Equipment and Software Market Analysis by Product
Based on Product, Endoscopes occupied the biggest proportion of the global endoscopic equipment and software market due to benefits such as ease of use, cheap cost, flexibility, real-time monitoring, and minimal risk when compared to procedures. The usage of disposable or single-use endoscopes and a growing inclination for minimally invasive operations also contribute to the increased acceptance of this technology.
Endoscopy Equipment and Software Market Analysis by Application
Based on application, The largest share was held by diagnostics, followed by surgery. The growing older population, increased prevalence of diseases, and improved healthcare infrastructure in emerging nations are all factors that contribute to the large proportion of this market.
Global Endoscopy Equipment and Software Market By Application
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Endoscopy Equipment and Software Market Regional Insights
North America held the largest share in the market for endoscopy devices in 2021, owing to reimbursement policies for endoscopic treatments in the US insurance market, an increase in the number of cancer patients, high investments by hospitals to purchase new endoscopic equipment, a strong focus on research to improve endoscopy techniques, and the implementation of a new funding model by Canadian hospitals.
Additionally, due to population growth, an increase in the number of people with chronic diseases, an increase in the number of people with gastrointestinal disorders, and improvements in healthcare facilities, Asia-Pacific is predicted to experience the largest growth over the next several years.
The endoscopy devices market in Europe is predicted to grow significantly in the future years due to technological advancements in endoscopes that may be used to detect diseases, as well as a growth in the number of disorders that require endoscopic equipment. The use of innovative and sophisticated endoscopic tools, such as capsule endoscopes, robot-assisted endoscopy, and ultra-high-definition visualisation systems, is another factor that is anticipated to contribute to the growth of the endoscopy equipment and software market in the years to come.
Global Endoscopy Equipment and Software Market By Region
- Largest
- Fastest
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Endoscopy Equipment and Software Market Dynamics
Endoscopy Equipment and Software Market Drivers
Rise of Minimally Invasive Surgeries to Boost Market Growth
- Endoscopic surgery is more advantageous due to the benefits like reduced pain, quicker recovery times, short or no hospital stays, less postoperative issues, and less complications during surgery, which will boost the market in the upcoming years. The demand for endoscopy is also increasing as more insurance companies in major and developing nations like the US, UK, India, Australia, Germany, Canada, and others are recognising the benefits of endoscopic surgery. This will ultimately help the market grow in the future. The demand for endoscopy equipment and software will rise in the forecast period due to the growing use of endoscopy to detect diseases like cancer, orthopaedic diseases, neurological diseases, gastrointestinal problems, and gastroesophageal reflux disorder (GERD) as well as target diseases, including cancer, neurodegenerative, infectious, immune, metabolic, and cardiovascular diseases.
Endoscopy Equipment and Software Market Restraints
Lack of Skilled Specialist to Hinder Market Growth
- Surgeons and trained specialists are needed to perform endoscopic operations. However, there is a global shortage of qualified professionals and surgeons, which will limit market expansion. Endoscopic operations are carried out safely and successfully by trained specialists, who also stop the transmission of infections within endoscopy facilities. In the upcoming years, the expansion of the endoscopy equipment and software market is anticipated to be constrained by the physician shortage.
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Endoscopy Equipment and Software Market Competitive Landscape
Global endoscopy equipment and software market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Endoscopy Equipment and Software Market Top Player's Company Profiles
- Olympus Corporation
- KARL STORZ SE & Co. KG
- Fujifilm Holdings Corporation
- Stryker Corporation
- Boston Scientific Corporation
- Cook Medical
- Smith & Nephew plc
- Medtronic plc
- CONMED Corporation
- Richard Wolf GmbH
- Hoya Corporation
- Pentax Medical (HOYA Corporation)
- Given Imaging Ltd. (Medtronic plc)
- Karlz Medical Inc.
- EndoChoice Inc.
- NeoScope Inc.
- Machida Inc.
- Ethicon Inc. (Johnson & Johnson)
- Covidien plc (Medtronic plc)
- Aohua Medical Technology Co. Ltd.
Endoscopy Equipment and Software Market Recent Developments
- In February 2022, American society for gastroenterologist Endoscopy announced that with the help of Medtronic Plc through the Medtronic Health Equity Assistance Program it aims to provide colorectal cancer screening technologies in low income and underserved communities across the United States which will include the donation of 50 Medtronic GI Genius intelligent endoscopy modules.
Endoscopy Equipment and Software Key Market Trends
- The market is driven by the growing inclination of medical professionals for using technologically enhanced endoscopic devices outfitted with a high-definition camera and light sources to assist doctors in analysing interior organs of interest. The primary drivers projected to drive the demand for endoscopic equipment are the shift in preference toward minimally invasive surgical techniques over standard surgeries to shorten hospital stay and minimise post-procedure problems. Therefore, it is anticipated that factors including greater patient satisfaction, enhanced economic viability, and shorter hospital stays would increase the demand for minimally invasive endoscopic procedures in the years to come, fueling the market's expansion.
Endoscopy Equipment and Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our endoscopy equipment and software market analysis, in terms of product, the Endoscopes segment held a larger market share owing to its easy usage. And in terms of application, the diagnostics segment contributed to market growth due to high preference. Moreover, rise in the requirement for endoscopy to diagnose and treat target diseases are the drivers for market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 42.42 billion |
| Market size value in 2031 | USD 81 billion |
| Growth Rate | 7.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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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 Equipment and Software 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 Equipment and Software 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 Equipment and Software 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 Equipment and Software 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 Equipment and Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Endoscopy Equipment and Software 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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