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Endoscopy Devices Market Trends

ID: MRFR//1435-CR | 251 Pages | Author: Kinjoll Dey| October 2017

Global Endoscopy Device Market Overview

The Endoscopy Devices Market Size was valued at USD 20.27 billion in 2023 and is projected to grow from USD 21.45 Billion in 2024 to USD 31.07 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2024 - 2032).The primary market driver projected to propel market expansion throughout the forecast period are the less invasive characteristics and low post- and pre-procedure costs of endoscopic equipment.

Endoscopy Device Market Trends

  • Rising prevalence and incidence of gastrointestinal disorders to propel market growth

The market for endoscopy device is being driven by the increase in the incidence and prevalence rates of gastrointestinal (GI) disorders. The market is being supported by the rising prevalence of gastrointestinal disorders such as colorectal cancer, gastroesophageal reflux disease, ulcerative colitis (UC), inflammatory bowel disease (IBD), and Crohn's disease (CD). Endoscopic instruments are used to undertake minimally invasive or non-invasive surgical procedures to treat life-threatening disorders. The prevalence of gastrointestinal conditions, including cancer is highest in Asian nations. In Korea, where there are 39.6 cancer cases per 100,000 people, Japan, with 27.5 cases per 100,000 people, and Mongolia, with 33.1 cases, are rated 1, 2, and 3 correspondingly. The need for endoscopic devices is expanding in developing nations due to the increased frequency of GI illnesses and the strong demand for minimally invasive surgical treatments. This is fueling the market for endoscopy device to increase. Thus, this factor is driving the market CAGR for endoscopy device.

Furthermore, increasingly more individuals are living sedentary lifestyles due to urbanization and rising disposable incomes worldwide. Obesity rates are rising, particularly in industrialized nations like North America and Europe. In the US, obesity will affect 36.2% of the population in 2021. This is the reason why bariatric surgical operations are becoming more and more popular. In 2020, there were over 297,000 bariatric procedures just in the US. Since doctors use endoscopy equipment both before and during surgery, this is pushing the demand for it. Laparoscopes are utilized during the surgical process, and endoscopy is performed beforehand to evaluate the gastrointestinal tract for any abnormalities.

However, around 727 million people over 65 made up 9.3% of the world's population in 2020. By 2050, 16% of the population will be elderly, according to predictions. During the projected period, the senior population is expected to expand rapidly in the US, Canada, Europe, India, and China, among other places. With aging comes an increased risk of developing diseases, including polyp growth, gastrointestinal obstructions, cancer, ulcers, and cancer. Because it is minimally invasive and causes the patient less discomfort, endoscopy is preferable to standard surgery for diagnosing and treating such disorders. Thus, it is anticipated that this aspect will accelerate endoscopy device market revenue globally.

Endoscopy devices Market Segment Insights

Endoscopy Device Type Insights

The endoscopy device market segmentation, based on type, includes rigid endoscopes, flexible endoscopes, surgical endoscopes, capsule endoscopes and robot-assisted endoscopes. The flexible endoscopes segment held the majority share in 2022 in the endoscopy device market data. Flexible endoscopes and expanding technological breakthroughs in this field are driving forces behind the growth of the minimally invasive treatments market. Over the projected period, manufacturers' focus on ensuring the best possible usage of cutting-edge flexible endoscopes is likely to drive market expansion.

Endoscopy Device Therapy Insights

The market segments of endoscopy device, based on therapy, includes colonoscopy, arthroscopy, gastroscopy, laparoscopy, sigmoidoscopy and ureteroscopy. The laparoscopy segment dominated the market growth for endoscopy device in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the increased use of laparoscopic equipment in routine diagnostic and treatments for various illnesses, including prostatectomy, pancreatic cancer, and digestive issues. Additionally, the primary factor propelling the growth of the endoscopy device market is the rise in incidences of morbid obesity on a scale.

Endoscopy Device Treatment & Procedure Insights

The endoscopy device market data, based on treatment & procedure, includes lower gastrointestinal conditions, Joint and orthopedic conditions, lung and airway conditions, upper gastrointestinal conditions, abdominal and gynecologic. The upper gastrointestinal conditions segment dominated the endoscopy device market revenue for endoscopy device in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Ulcers, tumors, and celiac disorders are just a few problems that can be diagnosed and treated by upper gastrointestinal (GI) endoscopy. As a result, the huge market share of this sector can be attributed to the high prevalence of disorders that call for focused therapy.

Endoscopy Device Application Insights

The endoscopy device industry, based on application, includes arthroscopy, gastrointestinal endoscopy, obstetrics/gynecology endoscopy, urology endoscopy and mediastinoscopy. The gastrointestinal endoscopy segment dominated the market for endoscopy device in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The increased elderly population and the burden of functional gastrointestinal illnesses are to blame for this high segment share. The availability of technologically sophisticated endoscopes and the growing desire for endoscopic procedures as first-line treatments for the early detection and diagnosis of functional gastrointestinal problems are some of the other key factors promoting the segment's rise.

Endoscopy Device End User Insights

The endoscopy device industry, based on end user, includes Critical care, Obstetricians-gynecologists (ob/gyns), General and pediatric surgeons and Gastroenterologists. The gastroenterologists segment dominated the market for endoscopy device in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030 since it serves as the principal health facility in most nations. Furthermore, compared to alternative healthcare systems like specialist clinics or ambulatory surgery centres, the total number of endoscopic procedures performed in gastroenterologists.

Endoscopy Device Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America endoscopy device market accounted for USD 8.8 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. This can be attributable to the rising incidence of several chronic diseases, including functional gastrointestinal disorders, diabetes, and cancer. Additionally, the growing elderly population and their propensity for a number of chronic diseases are driving this area's adoption of endoscopic operations.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Asia Pacific endoscopy device market accounts for the second-largest market share due to the substantial population and rising prevalence of people with functional gastrointestinal disorders. The market expansion of the region is also expected to be accelerated by rising demand for minimally invasive endoscopic technique and improved healthcare infrastructure. Moreover, China market of endoscopy device held the largest market share, and the India market of endoscopy device was the fastest growing market in the region.

Europe endoscopy device Market is expected to grow at the fastest CAGR from 2022 to 2030. One of the main drivers of the regional market growth is the increasing demand of people for minimally invasive procedures. Additionally, growing government measures to update healthcare facilities and continually expand the start-up scene are among the key elements supporting the expansion of the market in the area. Further, the UK market of endoscopy device held the largest market share, and the Germany market of endoscopy device was the fastest growing market in the region.

Endoscopy Devices Market Key Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market of endoscopy device grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the endoscopy device industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the endoscopy device industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, endoscopy device industry has provided medicine with some of the most significant benefits. The endoscopy device market major player such as Cogentix Medical, Integrate Endoscopy, J&J Services Inc., Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Cognetix, Stryker and OLYMPUS.

The American corporation Cantel Medical Corporation manufactures and markets medical supplies. Its headquarters are in Little Falls, New Jersey. In December 2020, a new long-term partnership between CANTEL MEDICAL CORP. and CENSIS Technology was recently announced. It will combine Censis' surgical asset monitoring and instrument monitoring solutions with Cantel's leading endoscope reprocessing workflow portfolio for infection control.

The Japanese company Olympus Corporation produces devices for optics and reprography. On October 12, 1919, Olympus was founded, initially specialising in thermometers and microscopes. A market for endoscopes estimated to be worth about US$2.5 billion is one that Olympus controls roughly 70% of. In April 2020, the EVIS X1 endoscopy system was introduced by Olympus Corporation for the diagnosis and screening of conditions affecting the oesophagus, colon, and stomach as well as bronchial ailments.

Key Companies in the market of endoscopy device includes

  • Cogentix Medical

  • Integrate Endoscopy

  • J&J Services Inc.

  • Shaili Endoscopy

  • Interscope Inc.

  • Cantel Medical

  • Micro-Tech Endoscopy

  • Cognetix

  • Stryker


Endoscopy Devices Industry Developments

June 2022:For its endoscope reprocessing customers, Getinge has developed an enhanced model of the ED-Flow automated endoscope reprocessor with better levels of digital connectivity and data management, which will increase uptime and productivity.

April 2022:German endoscopy equipment manufacturer KARL STORZ has issued an urgent medical device recall notice for a number of its flexible endoscope products after discovering problems with the product's description and usage instructions as well as a possible risk of damage.

Endoscopy Device Market Segmentation

Endoscopy Device Type Outlook

  • Rigid Endoscopes

  • Flexible Endoscopes

  • Surgical Endoscopes

  • Capsule Endoscopes

  • Robot-assisted Endoscopes

Endoscopy Device Treatment Outlook

  • Colonoscopy

  • Arthroscopy

  • Gastroscopy

  • Laparoscopy

  • Sigmoidoscopy

  • Ureteroscopy

Endoscopy Device Treatment & Procedure Outlook







Endoscopy Device Application Outlook

  • Arthroscopy

  • Gastrointestinal endoscopy

  • Obstetrics/gynecology endoscopy

  • Urology endoscopy

  • Mediastinoscopy

Endoscopy Device End User Outlook

  • Critical care

  • Obstetricians-gynecologists (ob/gyns)

  • General and pediatric surgeons

  • Gastroenterologists

Endoscopy Device Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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