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  • The rising preference for minimally invasive surgeries over traditional surgeries is expected to drive market expansion in the near future at a CAGR of 7.9% during the forecast period 2023 to 2032

    Flexible Endoscopes Market Size Worth USD 18.43 Billion by 2032 at 7.9 % CAGR | MRFR

    Report Details:
    15 Companies Covered
    128 Pages

    Market Research Future (MRFR) has published on the “Global Flexible Endoscopes Market”


    Global Flexible Endoscopes Market Highlights


    The global flexible endoscopes market accounts for a CAGR of 7.9% during the forecast period and is estimated to reach USD 18.43 billion by 2032.


    Flexible endoscopes are medical devices that consist of a flexible tube with a light and camera on one end, used to examine and diagnose various medical conditions. The tube can be inserted through natural body openings or small incisions to allow visualization of internal organs or tissues.


    The global flexible endoscopes market is driven by several factors, including the increasing prevalence of gastrointestinal diseases, such as colorectal cancer, and the growing demand for minimally invasive surgeries. The market is also being boosted by technological advancements, such as high-definition imaging and 3D endoscopy, which have improved the accuracy of diagnoses and treatment procedures. Additionally, the rise in the geriatric population and increasing healthcare expenditure are expected to contribute to market growth. The market also has potential for growth in emerging nations, where healthcare infrastructure is quickly improving, and demand for minimally invasive procedures is increasing.


    Key Players


    MRFR recognizes the following companies as the key players in the global flexible endoscopes market— BD (Becton, Dickinson & Company), Boston Scientific Corporation, Fujifilm Corporation, Stryker Corporation, Olympus Corporation, Karl Storz, Hoya Corporation, Pentax Medical, Richard Wolf GmbH, Smith & Nephew Plc.


    Segment Analysis


    The global flexible endoscopes market has been segmented based on Product, Application, and End-User.


    Based on product, the market is segmented into Fiberscope and Video Endoscope. The fiberscope segment was attributed to holding the largest market share in 2022.


    The global flexible endoscopes market has been segmented based on application into GI Endoscopy, Pulmonary Endoscopy, ENT Endoscopy, Urology, and Others. The GI endoscopy segment was expected to hold the largest market share in 2022.


    The market is segmented into Hospitals, Ambulatory Surgery Centers, and Specialty Clinics based on end-user. In 2022, the specialty clinics segment dominated the global market.


    Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Flexible Endoscopes Market Research Report

    Regional Analysis


    Based on region, the global flexible endoscopes market has been divided into North America, Europe, Asia-Pacific, and the rest of the World. North America consists of US and Canada. The Europe flexible endoscopes market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The flexible endoscopes market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the world's flexible endoscopes market comprises the Middle East, Africa, and Latin America.


    The North American region holds the largest share of the flexible endoscopes market, with the United States being the largest contributor. The high adoption rate of technologically advanced medical devices, an increase in the geriatric population, and the presence of major market players are key factors driving market growth. Moreover, implementing favorable healthcare policies and the growing prevalence of chronic diseases also contribute to regional market expansion.


    The European market for flexible endoscopes is expected to grow significantly. The European market is driven by the increasing demand for minimally invasive surgeries and the rising incidence of gastrointestinal diseases. Besides, establishing favorable reimbursement policies and the presence of leading manufacturers are boosting the market growth in this region.


    The Asia Pacific region is expected to witness the fastest growth over the forecast period due to the increasing awareness about the benefits of minimally invasive surgeries and the growing prevalence of gastrointestinal diseases. The increasing investments in healthcare infrastructure and the rising disposable income of the population are further driving regional market growth.


    The rest of the world, including Latin America, the Middle East, and Africa, is also witnessing significant growth in the flexible endoscopes market. The increasing investments in healthcare infrastructure and the rising incidence of chronic diseases drive market growth. Additionally, the growing adoption of technologically advanced medical devices contributes to the market expansion in these regions.


    Key Findings of the Study



    • The global flexible endoscopes market is anticipated to reach USD 18.43 billion by 2032, at a CAGR of 7.9% during the forecast period.

    • The Asia-Pacific region is expected to experience the fastest growth in the global flexible endoscopes market due to increasing healthcare spending, a growing geriatric population, and a rising prevalence of chronic diseases.

    • Based on application, the GI endoscopy segment was attributed to holding the largest market in 2022, with an approximate market share of 38%.

    • BD (Becton, Dickinson & Company), Boston Scientific Corporation, Fujifilm Corporation, Stryker Corporation, Olympus Corporation, Karl Storz, Hoya Corporation, Pentax Medical, Richard Wolf GmbH, Smith & Nephew Plc.