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

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.