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 2024-2031

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.