Endoscopy Devices Market (By Product: Endoscopes, Endoscopy Visualization Systems, Endoscopy Visualization Components, and Operative Devices; By Application: Urology Endoscopy, Gastrointestinal (GI) Endoscopy, Obstetrics Endoscopy, Laryngoscopy, Laparoscopy, Bronchoscopy, Mediastinoscopy, and Other Applications; By End-use: Ambulatory Surgical Centers, Hospitals, and Other End-uses) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2022 - 2030


The global endoscopy devices market size was estimated at USD 46.03 billion in 2021 and it is predicted to hit USD 85 billion by 2030, expanding growth at a CAGR 7.05% during the forecast period 2022 to 2030.

Endoscopy Devices Market Size 2021 to 2030

Growth Factors

Rise in preference for minimally invasive endoscopic procedures along with an increase global geriatric population are the key factors boosting the demand for endoscopy devices. The market for endoscopes is also being driven by a surge in the prevalence of urological, gastrointestinal, respiratory, and gynecological disorders that requires endoscopic procedures for proper treatment &diagnosis. An increase in the adoption of endoscopes as well as visualization systems in healthcare industry coupled with the technological advancements in the similar field further aids to the growth of the market.

In addition, proliferation in the prevalence of age-related problems together with increase in demand for endoscopy devices in therapeutic &diagnostic procedures is the other important factor that propels the market growth. Implementation of such devices in treatment and diagnosis of health problems is necessary as it allows minimal intervention that further results in shorter recovery time.

Geriatric population is the most common group prone to medical problems that require endoscopic procedures such as gall stones, intestinal perforation, endometriosis, pelvic abscess, and liver abscess. According to a research conducted by Population Reference Bureau, in 2018, there were nearly 52 Million people with age 65 years or above in the United States and projected to cross the number of 95 Million by 2060. The aforementioned factor anticipated to boost the need for endoscopic procedures, thereby escalating the demand for endoscopy devices during the forecast period.

Product Insights

Endoscopy visualization systems captured the highest value share 37% in the year 2021. This is attributed to the rising preference for High Definition (HD) visualization system by medical professionals, as it helps in treatment &diagnosis of complex diseases that include GI disorders, cancer, urinary disorders, and lung disorders during minimally invasive surgical procedures. Presently, manufacturers offer HD visualization systems that are capable of switching images from 3D to 2D and vice versa also impact positively on the market growth of segment.

The endoscopes segment projected to exhibits lucrative growth rate of nearly 9.5% over the analysis period. Flexible endoscopes dominated the segment with the highest value share in 2019 due to rising preference of safety, better ergonomics, and efficacy over rigid endoscopes. However, endoscopy visualization components register notable growth over the forecast period, wherein HD monitors accounted for the largest value in 2019.

End-use Insights

Hospitals segment encountered to be the largest end-user in the year 2021, as it is the primary health center in majority of countries. Hospitals segment accounted 48% revenue share in 2021. Further, the total number of endoscopic surgeries takes place at hospitals is comparatively higher than other healthcare systems, such as specialty clinics or Ambulatory Surgical Centers (ASCs).Consequently, the demand of endoscopy devices at hospitals is higher compared to other end-use segments. Furthermore, the segment expected to maintain its dominance in the forthcoming years owing to rising investment from governments of various regions for the development of hospitals. This subsequently predicted to boost the demand for endoscopy devices in the coming years.

Regional Insights

In 2021, North America accounted for the largest revenue share 43% owing to increase in preference for minimally invasive surgeries, rise in the prevalence of diseases such as colon & bladder cancers, and increase in geriatric population. Additionally, rising adoption of robot-assisted endoscopes used for surgical and diagnostic procedures is further positively influencing the market growth in the region. However, the Asia Pacific anticipated as the most opportunistic region during the forecast period. Increasing economies of China and India estimated to be the significant contributors for the market growth in this region.

The Asia Pacific region is projected to witness strong growth over the forecast period 2022 to 2030.

Global Endoscopy Devices Market 2020 to 2027

Key Companies & Market Share Insights

The global endoscopy devices market seeks intense competition among the market players. This is mainly because of adoption of various inorganic growth strategies by the industry participants such as merger & acquisition, regional expansion, new product launch & approval.

Various renowned participants in the endoscopy devices market include:

  • Ethicon Endo-Surgery, LLC
  • Olympus Corporation
  • Stryker Corporation
  • Boston Scientific Corporation
  • Fujifilm Holdings Corporation
  • Smith & Nephew Inc.
  • Karl Storz GmbH & Co. KG
  • Richard Wolf GmbH
  • PENTAX Medical
  • Medtronic Plc (Covidien)
  • Machida Endoscope Co., Ltd.

Report Scope of the Endoscopy Devices Market

Report Highlights Details
Market Size USD 85 Billion by 2030
Growth Rate CAGR of 7.05% from 2022 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, Application, End User, Region
Companies Mentioned Ethicon Endo-Surgery, LLC, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Smith & Nephew Inc., Karl Storz GmbH & Co. KG, Richard Wolf GmbH, PENTAX Medical, Medtronic Plc (Covidien), Machida Endoscope Co., Ltd.

 

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on basis of product, application, end-use, and region:

By Product

  • Endoscopes
    • Flexible Endoscopes
      • Colonoscopes
      • Upper Gastrointestinal Endoscopes
      • Sigmoidoscopes
      • Bronchoscopes
      • Pharyngoscopes
      • Laryngoscopes
      • Nasopharyngoscopes
      • Duodenoscopes
      • Rhinoscopes
      • Other Flexible Endoscopes
    • Rigid Endoscopes
      • Arthroscopes
      • Laparoscopes
      • Cystoscopes
      • Urology Endoscopes
      • Neuroendoscopes
      • Gynecology Endoscopes
      • Other Rigid Endoscopes
    • Disposable Endoscopes
    • Capsule Endoscopes
    • Robot Assisted Endoscope
  • Endoscopy Visualization Systems
    • High Definition (HD) Visualization Systems
      • 3D Systems
      • 2D Systems
    • Standard Definition (SD) Visualization Systems
      • 3D Systems
      • 2D Systems
    • Ultrasound Devices
  • Endoscopy Visualization Components
    • Insufflators
    • Camera Heads
    • High-definition Monitors
    • Light Sources
    • Video Processors
    • Suction Pumps
  • Operative Devices
    • Access Devices
    • Energy Systems
    • Hand Instruments
    • Suction & Irrigation Systems
    • Snares
    • Wound Retractors

By Application

  • Urology Endoscopy
  • Gastrointestinal (GI) Endoscopy
  • Obstetrics Endoscopy
  • Laryngoscopy
  • Laparoscopy
  • Bronchoscopy
  • Arthroscopy
  • Otoscopy
  • Mediastinoscopy
  • Other Applications

By End-Use

  • Ambulatory Surgical Centers
  • Hospitals
  • Other End-uses

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

What is the current size of the global endoscopy devices market?
According to Precedence Research, the global endoscopy devices market value was accounted at USD 46.03 Billion in 2021 and expected to reach USD 85 billion by 2030.
The global endoscopy devices market is expected to grow at a compound annual growth rate (CAGR) 7.05% during the forecast period 2022 to 2030.
Advancement in the endoscopy technology, increasing prevalence of chronic diseases, and increased funding as well as reimbursement for screening &treatment using endoscopic techniques significantly promote the market growth of the endoscopy devices. In addition, increasing popularity of minimally invasive surgery also creates huge scope for the growth of market.
Endoscopy visualization systems captured the highest value share in the global endoscopy devices market in the year 2021.
Hospitals segment encountered to be the largest end-user in the year 2021, as it is the primary health center in majority of countries.
North America accounted for the largest revenue share owing to increase in preference for minimally invasive surgeries, rise in the prevalence of diseases such as colon & bladder cancers, and increase in geriatric population.
  • Report Code:1095
  • Category:Healthcare
  • No. of Pages:150+
  • Format:PDF/PPT/Excel
  • Status:Published

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