USD 8.96 billion
Flexible Endoscopes Market Size, Share, Growth Analysis, By Product Type (Video Endoscopes, Fiberscopes), By Application (Gastrointestinal Endoscopy, Pulmonary Endoscopy), By End User, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2538 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
75
|Figures:
75
Flexible Endoscopes Market Insights
Global Flexible Endoscopes Market size was valued at USD 8.96 billion in 2022 and is poised to grow from USD 9.64 billion in 2023 to USD 17.32 billion by 2031, growing at a CAGR of 7.6% during the forecast period (2024-2031).
About the market drivers, many factors are contributing to the development of the market such as rising incidence of chronic disease that affects the internal systems of the body; benefits of flexible microscopes over competing products; and the growing demand for early diagnosis of chronic illnesses. Products such as endoscopes are widely used in diagnosis and treatment of chronic diseases like lung infections, inflammatory bowel diseases (IBD), stomach cancer, and colon cancer. The need for flexible endoscopes is therefore being driven up by the rising incidence of these conditions. Flexible endoscopes' advantages over conventional endoscopes have led to a rise in usage, which is driving the market's growth.
For example, the best feature of flexible endoscopes is that the surgeon can manipulate the lens to change orientation and increase the scope of the instrument. The need for flexible endoscopes with light has increased as a result of the widespread recommendation by medical professionals for early identification of numerous chronic illness disorders. Medical professionals may execute invasive procedures more easily due to these technologies, which also help patients feel less discomfort during therapy. Due to hospitals and other healthcare facilities' significant investments in the installation of flexible endoscopic cameras employing smartphone technology, there will be a greater need for flexible endoscopes.
US Flexible Endoscopes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Outpatient Facilities
Fastest Growth
Outpatient Facilities
Growth Rate
7.6% CAGR
Global Flexible Endoscopes Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Flexible Endoscopes Market Segmental Analysis
Global Flexible Endoscopes Market is segmented by product type, application, end user and region. Based on product type, the market is segmented into video endoscopes (high-definition (HD) endoscopes, standard definition (SD) endoscopes) and fiberscopes. Based on application, the market is segmented into gastrointestinal (GI) endoscopy (colonoscopy, gastroscopy, enteroscopy), pulmonary endoscopy (bronchoscopy), ENT endoscopy (laryngoscopy, nasopharyngoscopy), urology endoscopy (cystoscopy, ureteroscopy), gynecology endoscopy (hysteroscopy) and others (arthroscopy, neurology endoscopy). Based on end user, the market is segmented into hospitals, ambulatory surgical centers, specialty clinics and diagnostic centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
As per categorization by product, the market is classified as fiberscope, and video endoscope. Among these, fiberscope earned the largest share and continues to hold the dominant global flexible endoscopes market share. The fiberscope segment dominates the global flexible endoscope market due to its advanced imaging capabilities, compact design, and versatility in diagnostic and surgical procedures. Advanced technologies in fiber optics have even more improved the clarity of images and weaving capabilities to make fiberscopes ideal for use in minimal-invasion surgeries. Moreover, their affordable cost and ability to furnish high-quality visuals even in limited spaces are thus further reasons for the wide adoption of flexible endoscope in healthcare facilities, driving the market growth for flexible endoscope.
Video endoscopes are set to become the fastest-growing segment in the global flexible endoscopes market due to their advanced imaging capabilities, enabling high-definition visualization of internal organs for accurate diagnostics and minimally invasive procedures. Such devices meet increasing demands to improve patient outcomes with rising rates of gastrointestinal, urological, and respiratory disorders. Their use by the patient, coupled with real-time video transmission and AI-powered diagnostic tools, makes them easy to adopt. Further, technological innovations and increasing investments in health systems, especially in the growing parts of the world, accelerate their rapid growth and ensure video endoscopes emerge as the backbone of modern-day endoscopic practice.
Analysis by Application
GI endoscopy is dominating the global flexible endoscopes market due to significant innovations in imaging technologies, such as high-definition, narrow-band imaging, and AI-assisted diagnostics. These improvements provide the gastrointestinal tract with an improved definition which aids in the identification of disease conditions such as colorectal cancer, ulcers, and inflammatory bowel diseases. Minimal invasiveness. The trend of early diagnosis with increasing preventive screening is escalated demand for GI endoscopes. Growing prevalence of gastrointestinal disorders with favorable reimbursement policies just add much to the market leadership "GI endoscopy" has created as the most extensively used application of flexible endoscopes.
Pulmonary endoscopy is poised to be the fastest-growing segment in the global flexible endoscopes market due to the rising incidence of respiratory diseases, including chronic obstructive pulmonary disease (COPD), lung cancer, and asthma. Now advances in bronchial techniques high-definition imaging and integrated modern and minimally invasive biopsy techniques that improve the diagnostics and treatment nowadays. Emphasis on early detection and personalized treatment toward improving outcomes along with the aging world population and increasing air pollution fuel demand for pulmonary endoscopes. Furthermore, innovations in robotic bronchoscopy keep pushing growth in the segment with increased precision and patient safety.
Global Flexible Endoscopes Market By End User
To get detailed analysis on other segments, Request For Free Sample Report
Flexible Endoscopes Market Regional Insights
North America dominates the global flexible endoscopes market due to advanced healthcare infrastructure, high adoption of cutting-edge medical technologies, and strong government support for healthcare innovations. The healthcare institutions that are already entrenched in these regions, along with the fast-growing awareness about early disease detection, have given rise to a lot of demand for flexible endoscopy procedures. The presence of lead market players, good reimbursement policies, and increasing incidence of chronic diseases, like gastrointestinal and pulmonary disorders, have even contributed to North America being a key market. Continuous research and development in endoscopic technologies and high healthcare expenditures continue driving the global flexible endoscopes market share in this region.
Europe is the fastest-growing region in the global flexible endoscopes market due to an aging population, rising prevalence of chronic diseases, and increased demand for minimally invasive diagnostic and therapeutic procedures. Differentiating high-definition and robotic endoscopic technologies has increased the treatment and increased adoption rate. Strong healthcare infrastructure maintenance, good reimbursement policies, and government initiatives critical for the provision and availability of enhanced healthcare are all expected to augment market growth. By virtue of its research and development in medical devices and the growing emphasis on preventive healthcare, Europe is poised to expand the flexible endoscopy market further.
Global Flexible Endoscopes Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Flexible Endoscopes Market Dynamics
Flexible Endoscopes Market Drivers
Advancements in Endoscopic Technologies
- Endoscopic technology continues to innovate, including high-definition imaging, artificial intelligence-assisted diagnostics as well as minimally invasive. These innovations are the key drivers in the marketplace for flexible endoscopes worldwide as diagnostic accuracy, treatment outcomes, and patient safety all improve with adoption across health care settings.
Rising Prevalence of Chronic Diseases
- The rise in chronic diseases such as gastrointestinal disorders, respiratory diseases, and many others is on one side of the well, hence creating the demand for flexible endoscopes in great numbers. These chronic diseases increasingly lean towards early diagnosis and minimally invasive surgery, creating a demand for flexible endoscopy procedures among healthcare providers that enhance outcome.
Flexible Endoscopes Market Restraints
Risk of Complications and Safety Concerns
- Despite the innovations that have come in the advancement of technology concerning flexible endoscopy procedures, it still poses dangers such as infections, bleeding, or perforation. Safety nets such as this, along with the need to have highly trained staff administer the use of equipment, may greatly hinder the global flexible endoscopes market growth particularly in regions where there is a scarcity of medical expertise.
Lack of Skilled Professionals
- It's best operated by trained experts' medical specialists in flexible endoscopes. Therefore, the absence of trained endoscopists or even a poorly running training course on the usage of advanced flexible endoscopy technologies impedes its adoption in certain regions. Such a gap in the personnel makes these systems immobilized from utilizing the equipment and restricts market growth.
Request Free Customization of this report to help us to meet your business objectives.
Flexible Endoscopes Market Competitive Landscape
It offers high competition in the global flexible endoscopes market such that the key players are mostly focusing on technology developments and innovations in products. Some companies that dominate the global scenario for advanced endoscopic solutions include Olympus Corporation; Pentax Medical (Hoya Corporation); Boston Scientific; Medtronic; and Stryker Corporation. These companies invest a great amount of their revenue in research and development to improve imaging quality and ensure patient safety to spread the use of flexible endoscopes through different procedures in clinical practice which in turn fosters the growth and competition of the market.
Flexible Endoscopes Market Top Player’s Company Profiles
- Olympus Corporation
- Fujifilm Holdings Corporation
- Karl Storz SE & Co. KG
- HOYA Corporation
- Stryker Corporation
- Boston Scientific Corporation
- Medtronic plc
- Smith & Nephew plc
- Richard Wolf GmbH
- Cook Medical
- B. Braun Melsungen AG
- Conmed Corporation
- Ambu A/S
- Laborie Medical Technologies
- Schölly Fiberoptic GmbH
- Interscope Inc.
- Boston Scientific
- Huger Medical Instrument Co., Ltd.
- SonoScape Medical Corp.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Flexible Endoscopes Market Recent Developments
- In June 2024, Olympus unveiled its new range of highly flexible endoscopes with superior imaging features, such as 4K resolution and improved color contrast. The innovation is part of the early-stage cancer detection and enhancement in procedural outcomes associated with this. Olympus innovation is still supportive of minimally invasive surgeries and precision diagnostics across several medical fields.
- In March 2024, Medtronic introduced the HemoClear system, an innovative, flexible endoscope designed for gastrointestinal bleeding diagnosis. The system integrates advanced AI for real-time hemorrhage detection and monitoring, improving procedural efficiency and patient safety. An improvement like this allows physicians to deliver quicker treatment plans and more precise treatments during critical interventions involving the digestive tract.
- In January 2024, Pentax Medical unveiled its next-generation EndoPro System, a flexible endoscope platform featuring enhanced maneuverability and a high-definition imaging system. The goal of this development would be to enhance clinical outcomes for use in pulmonology and gastroenterological procedures as well. New avenues have been opened to it with the ergonomic design and high optical standards of the system, providing an even clearer view into the body for precise diagnoses and treatments.
Flexible Endoscopes Key Market Trends
- Rising Demand for Minimally Invasive Procedures: Global flexible endoscopes market is thriving in the demand for minimally invasive surgeries which provide several benefits like lesser recovery time, decreased risks, and better outcomes. Gastrointestinal and pulmonary procedures prove their worth in this regard, thereby increasing the consumption of flexible endoscopes.
- Integration of AI in Endoscopic Devices: The market trends actually indicate that artificial intelligence nowadays can be integrated into flexible endoscopes. Besides, such AI-initiated feature will enhance diagnosing accuracy and procedural efficacy from automated detection or improving image processing, thereby encouraging the growing adoption of flexible endoscopes, particularly in areas like cancers diagnosed as early and surgical precision.
Flexible Endoscopes 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.
As per SkyQuest analysis, in conclusion, the global flexible endoscopes industry is poised for significant growth driven by factors like the increasing prevalence of chronic diseases, advancements in endoscopic technologies, and the rising demand for minimally invasive procedures. Flexible endoscopes, with their superior imaging and versatility, are essential in diagnosing and treating various medical conditions, further propelling their adoption.
With the present advances in clinical imaging into high-definition and several applications of AI integration, flexible endoscopes provide a platform for diagnostic accuracy enhancement and are ever more critical to modern healthcare. Indeed, in view of the bright future that looks likely despite several challenges, like safety and the need for skilled professionals, the markets stay buoyed by ongoing technological advances and expanding applications across many medical fields.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 8.96 billion |
| Market size value in 2031 | USD 17.32 billion |
| Growth Rate | 7.6% |
| Base year | 2023 |
| 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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 Flexible Endoscopes 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 Flexible Endoscopes 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 Flexible Endoscopes 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 Flexible Endoscopes 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 Flexible Endoscopes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flexible Endoscopes 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.
USA (+1) 351-333-4748
