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

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.