Overview and Scope
Endoscopy devices and equipment are used to examine the interiors of organs, and the cavities of the body. These devices enable doctors to view the digestive tract on a screen and aid in the diagnosis of medical conditions.
Sizing and Forecast
The endoscopy devices and equipment market size has grown strongly in recent years. It will grow from $8.37 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing prevalence of gastrointestinal diseases, an increasing acceptance of endoscopic procedures, an increased healthcare expenditure and growth in medical tourism.
The endoscopy devices and equipment market size is expected to see strong growth in the next few years. It will grow to $11.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the rising aging population, increasing incidence of chronic diseases, growing prevalence of obesity and new regulatory approvals. Major trends in the forecast period include use of artificial intelligence (ai) and machine learning, use of single-use endoscope, enhanced visualization technology, innovations in endoscope disinfection technology, 3d imaging technology, advanced robotics technology, wireless endoscopes, dual-channel endoscopes, real-time endoscope visualization systems, wireless capsule endoscopy, improved data management systems and miniaturization of endoscopes.
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Segmentation & Regional Insights
The endoscopy devices and equipment market covered in this report is segmented –
1) By Product: Endoscope, Endoscopy Operative Devices, Endoscopy Visualization Systems
2) By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, Obstetrics/Gynecology Endoscopy, ENT Endoscopy, Other Applications
3) By End-User: Hospitals, Clinics, Other End-Users
North America was the largest region in the global endoscopy devices and equipment market in 2023. Asia-Pacific was the second largest market in endoscopy devices and equipment market. The regions covered in the endoscopy devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of cancer and gastrointestinal disorders is expected to propel the growth of the rigid endoscope market going forward. Cancer refers to the abnormal growth of the cells that leads to dysfunction of organs and tissue, whereas Gastrointestinal disorders are disorders of the digestive system. Endoscopes are used for diagnosing and treating cancer and gastrointestinal disorders, allowing clinicians to see into the patient’s body, biopsy, and do minimally invasive operations that can lead to earlier diagnosis and effective treatment. For instance, in February 2022, according to the report published by World Health Organization, a Switzerland-based international organization for public health, cancer is the largest cause of mortality in the globe, accounting for over 10 million deaths in 2020, or roughly one in every six, in which breast, lung, colon, rectum, and prostate cancers are the most prevalent. Therefore, the increasing prevalence of cancer and gastrointestinal disorders drives the growth of the endoscopy devices and equipment market.
Key Industry Players
Major companies operating in the endoscopy devices and equipment market report are Olympus Corporation, Boston Scientific Corporation, Stryker Corporation, Fujifilm, Karl Storz SE & Co. KG, Johnson & Johnson, Hoya Corporation, Cook Medical, Smith & Nephew, Conmed Corporation, Healthium MedTech, Leo Medical Co Ltd, Shanghai Aohua Photoelectricity Endoscope Co Ltd, CR Kennedy & Company, GE Healthcare, Transmed, Fisher & Paykel Healthcare India Private Limited, Agappe Diagnostics Ltd, Richard Wolf GmbH, B. Braun, Baxter, Philips, Siemens, Pentax Medical, Lenox Instrument Co, Richard Wolf Industrial, Endo Gatric Solutions Inc, Endo Medical, Medtronic plc, Kimberly-Clark Corporation, Boston Scientific, Cardinal Health Inc, Abu Dhabi Medical Devices Company, Amico Group, Bridgeway Medical Systems, Abbott Dubai and Medtronic
The endoscopy devices and equipment market report table of contents includes:
1. Executive Summary
2. Endoscopy Devices And Equipment Market Characteristics
3. Endoscopy Devices And Equipment Market Trends And Strategies
4. Endoscopy Devices And Equipment Market – Macro Economic Scenario
5. Global Endoscopy Devices And Equipment Market Size and Growth
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32. Global Endoscopy Devices And Equipment Market Competitive Benchmarking
33. Global Endoscopy Devices And Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Endoscopy Devices And Equipment Market
35. Endoscopy Devices And Equipment Market Future Outlook and Potential Analysis
36. Appendix
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