Endoscopy Devices Market Size & Share, by Application (Gastroenterology, Pulmonology, Orthopedic Surgery, Cardiology, ENT Surgery, Gynecology, Neurology); Device Type (Endoscopes, Endoscopic Operative Device, Visualization Equipment); End-Use (Hospitals, Outpatient Facilities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5420
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Endoscopy Devices Market size is poised to reach USD 52 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of endoscopy devices was USD 35 Billion. The reason behind the growth is impelled by the increasing prevalence of cancer cases across the globe. It has been proved that, endoscopy is the gold standard test for diagnosing stomach cancer. By 2040, there will be more than 27 million new instances of cancer annually worldwide.

The growing development of advanced endoscopy devices is believed to fuel the market growth. For instance, in a recent study conducted in 2022, it is stated that the future of endoscopy is being driven by artificial intelligence, since it is highly sensitive and accurate, and makes it possible to detect and treat early Barrett's neoplasia in a single treatment, and will also be beneficial in the diagnosis and excision of Barrett's esophagus neoplasms.


Endoscopy Devices Market Scope
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Endoscopy Devices Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 35 Billion

Forecast Year Market Size (2036)

~ USD 52 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Endoscopy Devices Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Geriatric Population - Endoscopic retrograde cholangiopancreatography (ERCP) is a frequently used endoscopic treatment that diagnoses and treats pancreaticobiliary diseases in older individuals by combining fluoroscopic imaging with luminal endoscopy as the older population suffers more frequently from acute pancreatitis caused by gallstones, ischemic and idiopathic acute pancreatitis,
  • According to the World Health Organization (WHO), the number of individuals 60 years of age and over will increase to 2.1 billion worldwide by 2050.
  • Growing Number of Surgical Procedures- Physicians utilize endoscopy including laparoscopy and arthroscopy for many purposes such as imaging, surgery, and other applications.

For instance, more than 300 million major surgical procedures are carried each annually worldwide.

  • Increasing Popularity of Minimally Invasive Procedures- Endoscopies are minimally invasive treatments that allow doctors to see within the body without creating any incisions whereby endoscopy instruments are directly put into organs through anus or mouth openings.

Challenges

  • Risk of Acquiring Viral Infections - Fiberoptic endoscopes which are currently the most common endoscopic instruments used in clinical practice are linked to bacterial infection outbreaks which can be acquired outside or internally through contaminated equipment or from endoscopic staff members to patients. The development of sophisticated non-autoclavable fiberoptic endoscopes has made sterilizing the instrument technically impractical as a consequence there are issues regarding the appropriate cleaning of flexible scopes, which raises the possibility of endoscopic infection transmission.
  • Furthermore, the medical community is concerned about the spread of infectious organisms during gastrointestinal endoscopies therefore all healthcare workers in the endoscopy room need to receive instruction in and abide by accepted practices for infection prevention and control.
  • Exorbitant Costs Associated with Advanced Endoscopy Devices Limit their Accessibility
  • Unavailability of Highly Skilled Medical Professionals Can Hinder Safe Utilization of Endoscopy devices


Endoscopy Devices Segmentation

Device Type (Endoscopes, Endoscopic Operative Device, Visualization Equipment)

The endoscopes segment is estimated to account for 37% share of the global endoscopy devices market by 2036 owing to the rising prevalence of lung disorders. The global prevalence of chronic respiratory diseases is thought to have increased by over 35% during the previous three decades. Additionally, new advancements provide a larger scope of endocopic applications and an increase in the number of obese people who prefer bariatric surgery for weight reduction are among the factors driving the growth.

Besides this, the visualization equipment segment is poised to garner a noteworthy share. Endoscopy visualization system components consist of camera heads, insufflators, a light source, monitors, printers, and video processors that can used in Endoscopic examinations such as bronchoscopy, and cystoscopy to aid in visualization and interpretation of the endoscopic images.

Application (Gastroenterology, Pulmonology, Orthopedic Surgery, Cardiology, ENT Surgery, Gynecology, Neurology)

Endoscopy devices market from the gastroenterology segment is set to garner a notable share. Due to the high prevalence of gastrointestinal disorders, advancements in endoscopic technologies, and growing awareness of the advantages of early detection and treatment for gastrointestinal diseases, the gastroenterology segment is expected to maintain its dominance during the forecast period.

End-Use (Hospitals, Outpatient Facilities)

The outpatient facilities segment is anticipated to gain a substantial market share by the year 2036. Endoscopic diagnostics and therapies are gradually taking the place of invasive surgical procedures in many end-use sectors, including, ambulatory surgery centers, and clinics in order to prevent, detect, diagnose, stage, and treat diseases.

Our in-depth analysis of the global market includes the following segments:

Device Type

  • Endoscopes
  • Endoscopic Operative Device
  • Visualization Equipment

 End-Use

  • Hospitals
  • Outpatient Facilities

Application

  • Gastroenterology
  •  Pulmonology
  •  Orthopedic Surgery
  • Cardiology
  • ENT Surgery
  • Gynecology
  •  Neurology

 


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Endoscopy Devices Industry - Regional Synopsis

North American Market Forecast

Endoscopy Devices market in North America is predicted to account for the largest share of 43% by 2036 impelled by the growing rate of endoscopic procedures. This is expected to create a huge demand for endoscopic devices in the region as there are over 4 million Americans who suffer from peptic ulcer disease, a persistent inflammation of the duodenum and stomach. Moreover, the function of endoscopy such as esophagogastroduodenoscopy (EGD) is used to test for the diagnosis of peptic ulcer illness and to determine the location and size of the ulcer. According to estimates, in the United States, more than 6 million upper endoscopies are carried out annually.

APAC Market Statistics

The APAC Endoscopy Devices market is estimated to be the second largest, during the forecast timeframe led by the rising healthcare industry. This has led to the development of efficient endoscopy devices in countries such as India. For instance, in 2023, Fujifilm India introduced ClutchCutter and FushKnife for ESD and EMR operations, and they're made to work with suitable endoscopes and help medical professionals do endoscopic submucosal dissections with efficiency. The value of India's healthcare industry was predicted to be over USD 370 billion dollars by 2022, from roughly 279 billion dollars in 2020.

Research Nester
IG- Endoscopy Devices Market
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Companies Dominating the Endoscopy Devices Landscape

top-features-companies
    • Ethicon Endo-surgery, LLC.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Stryker Corporation
    • Boston Scientific Corporation
    • Karl Storz GmbH & Co. KG
    • Smith & Nephew Inc.
    • Richard Wolf GmbH
    • Medtronic Plc (Covidien)
    • PENTAX Medical
    • Machida Endoscope Co., Ltd.

In-the-news

In The News

  • Ethicon Endo-surgery, LLC. Introduced ECHELON 3000 Stapler with more than 35% greater jaw aperture and over 25% greater articulation span that offers haptic and audio feedback in real-time to give surgeons easy, one-handed powered articulation to enable them to meet each patient's individual needs and improve access and control for surgeons during each transection, in cramped areas.
  • Boston Scientific Corporation acquired Apollo Endosurgery, Inc. to add unique technology for endobariatric treatments and broaden the scope of endoluminal surgery, a burgeoning discipline that is a primary emphasis for Endoscopy in their business portfolio and to expect robust and sustained growth throughout our company."

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5420
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing prevalence of cancer across the globe and the growing development of advanced endoscopy devices are the major factors driving the growth of the market.

The market size of endoscopy devices is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Stryker Corporation, Boston Scientific Corporation, Karl Storz GmbH & Co. KG, Smith & Nephew Inc., Richard Wolf GmbH, Medtronic Plc (Covidien), PENTAX Medical, Machida Endoscope Co., Ltd., Olympus Corporation, and others.

The endoscopes segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Endoscopy Devices Market Report Scope
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