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Flexible Endoscopes Market Research Report Information By Product (Fiberscope and Video Endoscope), By Application (GI Endoscopy, Pulmonary Endoscopy, ENT Endoscopy, Urology, and Others), By End-User (Hospitals, Ambulatory Surgery Centers, and Specialty Clinics), And By Region (North America, Europe, Asia-Pacific, and Rest Of The World) –Market Forecast Till 2032

ID: MRFR/HC/10165-HCR | 128 Pages | Author: Rahul Gotadki| June 2024

Global Flexible Endoscopes Market Overview

Flexible Endoscopes Market Size was valued at USD 9.3 billion in 2022 and is projected to grow from USD 10.03 Billion in 2023 to USD 18.43 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.9% during the forecast period (2024 - 2032). The increasing frequency of gastrointestinal disorders, technological improvements in endoscopic equipment, the growing need for less invasive operations, and the rising elderly population are the primary market drivers boosting flexible endoscopes industry growth.

Flexible Endoscopes Market

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Flexible Endoscopes Market Trends

  • Growing preference for minimally invasive surgeries over traditional surgeries promotes market growth

The rise in preference for minimally invasive surgeries, such as proctoscopy, gastroscopy, and cystoscopy, due to smaller incisions, less pain, faster recovery, and little or no risk of complications is propelling the flexible endoscope market CAGR. Minimally invasive surgeries are known to be less expensive and to provide a higher quality of life. The growing usage of minimally invasive surgical procedures has increased demand for various endoscopes and endoscopic equipment in surgical interventions such as cystoscopy, bronchoscopy, arthroscopy, and laparoscopy. This shift towards minimally invasive surgeries over standard surgeries can be attributed to various factors, including cost-effectiveness, improved patient satisfaction, shorter hospital stays, and fewer post-surgical problems. The growing popularity of minimally invasive surgery (MIS) has increased the usage of endoscopes for diagnostic and therapeutic purposes.

In addition, factors driving the industry include an increase in the prevalence of chronic diseases affecting internal body systems, the advantages of flexible endoscopes over other devices, and growing awareness about the importance of early detection of these conditions. These instruments are used to diagnose inflammatory bowel disease (IBD), stomach and colon malignancies, respiratory infections, and tumors, among other things. As a result, the rise in the prevalence of these diseases has increased the demand for these adaptable devices. For example, the American Cancer Society, Inc. predicted that in 2022, there would be around 26,380 cases of stomach cancer (15,900 in males and 10,480 in women), 44,850 new cases of rectal cancer, and 106,180 new cases of colon cancer in the U.S. The growing number of obese patients, more public knowledge of the technique, and government backing are all boosting the flexible endoscopes market revenue. For example, in April 2022, the US FDA changed its 'Safety Communication' and restated its recommendation that healthcare facilities and endoscopy facilities switch to utilizing only fully or semi-disposable flexible endoscopes.

Flexible Endoscopes Market Segment Insights

Flexible Endoscopes Product Insights

Based on product, the Flexible Endoscopes Market segmentation includes fiberscope and video endoscopes. The fiberscope segment dominated the global market, accounting for 62% of market revenue (5.8 billion) owing to the emerging demand for minimally invasive procedures that reduce patient trauma, recovery time, and hospitalization. Fiberscopes are flexible endoscopes that transmit pictures via fiber optic technology. They are widely employed in the medical field for non-invasive diagnostic and therapeutic operations. Besides, fiber optics technology advancements have improved image quality and diagnostic accuracy, driving market demand for fiberscopes. Another factor driving this category expansion is the rising global incidence of gastrointestinal disorders and cancer. According to the World Cancer Research Fund 2022, colorectal cancer is the third most prevalent disease diagnosed worldwide, accounting for around 10% of all cancer cases. The growing prevalence of these disorders is anticipated to drive demand for fiberscopes in the upcoming years as fiberscopes are frequently utilized for gastrointestinal disease and cancer diagnosis and treatment.

Figure 1: Flexible Endoscopes Market by Product, 2022 & 2032 (USD billion)

Flexible Endoscopes Market by Product, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The video endoscopes segment is expected to grow at the fastest CAGR in the flexible endoscopes industry in the coming years. Video endoscopes provide high-quality pictures and video, making them suitable for various medical procedures, including laparoscopy, gastroscopy, and bronchoscopy. Thus, they are widely used in hospitals and clinics as they improve diagnostic accuracy and patient outcomes. The introduction of high-definition and 4K imaging technologies, which provide even greater image quality and clarity, has been a recent development in the video endoscopes industry. Furthermore, manufacturers are focusing on improving the ergonomics and usability of video endoscopes, with lightweight designs and touchscreens becoming more common.

Flexible Endoscopes Application Insights

The Flexible Endoscopes Market segmentation is based on application that includes GI endoscopy, pulmonary endoscopy, ENT endoscopy, urology, and others. In 2022, the GI endoscopy category had the highest revenue share of approximately 38%. Gastroscopy entails using a flexible endoscope to get images of the lining of these organs. The increase in the incidence of chronic disorders affecting the upper digestive system is a prominent factor propelling the growth of this sector over the predicted period. Examples include irritable bowel syndrome, dyspepsia, constipation, gastroesophageal reflux disease (GERD), stomach cancer, and other conditions. Also, an increase in the geriatric population, which is more susceptible to certain types of gastrointestinal diseases, is another factor driving up demand for gastroscopy, which in turn fuels demand for flexible gastroscopes. In addition, technological advancements in new product launches contribute to the segment's growth. This, in turn, increases demand for novel and sophisticated gastroscopes among physicians, propelling the global market forward.

May 2021 The FUJIFILM Corporation introduced the El-740D/S, a dual-channel flexible endoscope. The EI-740D/S from Fujifilm is the first dual-channel endoscope approved by the US FDA for upper and lower gastrointestinal applications. The company has incorporated unique features into this product.

Flexible Endoscopes End-User Insights

Based on end-user, the Flexible Endoscopes Market segmentation includes hospitals, ambulatory surgery centers, and specialty clinics. The specialty clinics segment dominated the market, accounting for 42% of market revenue. This significant percentage is due to the widespread adoption and use of endoscope devices in outpatient specialist clinic facilities and favorable reimbursement rules. The category is also predicted to develop rapidly throughout the projection period due to the rising demand for cost-effective and convenient healthcare services, leading to an expansion in specialized clinic facilities. These clinics provide medical care without needing overnight hospitalization, making them a more cost-effective choice for many patients. Many procedures previously only possible in a hospital can now be performed in an outpatient specialty clinic setting due to medical technology and procedures advances.

Flexible Endoscopes Regional Insights

By Region, the report provides market insights into Europe, North America, Asia-Pacific, and the Rest of the World. The North American flexible endoscopes market accounted for USD 4.3 billion in 2022. It will likely exhibit a significant CAGR growth in the study period due to the rising chronic diseases that require their use, such as stomach & colorectal cancer and irritable bowel syndrome. According to statistics, 12% of adults in the United States suffer from irritable bowel syndrome. The region is also experiencing an aging population, which is more vulnerable to chronic diseases, with 16.5% of the population aged 65 or older in 2022. This figure is predicted to rise to 20% by 2050, adding to market expansion. The region's market is also being boosted by the easy availability of modern, flexible endoscopes and product introductions, such as Ambu Inc's aScope 4 Cysto, which acquired Health Canada authorization in April 2021.

Also, the major countries studied in the market report are the U.S., German, Canada, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The European flexible endoscopes market accounts for the second-largest global market share. The growing prevalence of chronic diseases like gastrointestinal disorders, cancer, and respiratory diseases drives the demand for flexible endoscopes in Europe. The senior population in Europe is increasing rapidly, leading to a rise in the incidence of age-related diseases. Flexible endoscopes are used for early detection, diagnosis, and treatment of these diseases, propelling their demand in the region. Further, the German flexible endoscopes market held the largest market share, and the U.K. flexible endoscopes market was the fastest-growing market in the European region.

The Asia Pacific Flexible Endoscopes Market is predicted to develop at the fastest CAGR between 2023 and 2032, owing to factors such as an aging population, an increase in the frequency of chronic diseases, and an increase in demand for less invasive surgeries. In addition, rising government healthcare spending and rising disposable incomes have increased access to advanced medical technologies such as flexible endoscopes. Furthermore, the ongoing development of healthcare infrastructure and the growing number of regional hospitals and diagnostic centers are expected to drive market growth. Moreover, the China flexible endoscopes market held the largest market share, and the Indian flexible endoscopes market was the fastest-growing in Asia-Pacific.

Flexible Endoscopes Key Market Players & Competitive Insights

Leading market players focus on various strategic initiatives such as mergers & acquisitions, collaborations, and partnerships with other organizations to expand their global footprint and offer their customers a multiple range of products. New product releases, technological improvements, and geographic expansion are other major market developments that market participants use to expand their market penetration. In addition, the global flexible endoscopes industry is witnessing a growing trend of local manufacturing to reduce operational costs and provide customers with cost-effective products.

Major players in the flexible endoscopes market include Olympus Corporation, Fujifilm Corporation, Hoya Corporation, Stryker Corporation, and Karl Storz GmbH & Co. KG, among others, are investing heavily in research and development activities to improve their product offerings and gain a market competitive edge. With the growing need for minimally invasive operations, several flexible endoscopes industry companies are investing in creating endoscopes with increased imaging capabilities, improved maneuverability, and higher flexibility to access difficult-to-reach locations.

Fujifilm Corporation is a Japanese multinational conglomerate focused on photography, imaging, printing, and healthcare. The company was established in 1934 and is based in Tokyo, Japan. Fujifilm's image and photographic technology, including digital cameras, photofinishing equipment, and color film, is well-known worldwide. The company has also grown into the healthcare industry in recent years, offering medical imaging and diagnostic equipment such as endoscopic systems, medical printers, and ultrasound systems. Fujifilm announced a collaboration with AI Medical, a renowned medical AI firm, in 2021 to develop an AI-based endoscopy diagnostic support system. The system employs Fujifilm's sophisticated endoscopy technology and AI Medical's image processing technologies to provide real-time diagnostic help during endoscopic procedures.

Hoya Corporation is a Japanese multinational company that manufactures and sells various medical equipment, including endoscopes, contact lenses, and eyeglass lenses. The corporation was founded in 1941 and is headquartered in Tokyo, Japan. Hoya Corporation is a major player in the flexible endoscopes industry, with a strong presence in developed and emerging markets. In 2020, the company launched a new line of endoscopes called the Resection DUO, which allows for both endoscopic submucosal dissection (ESD) and endoscopic mucosal resection (EMR) procedures performed with a single device.

Key Companies in the flexible endoscopes market include

Flexible Endoscopes Industry Developments

January 2021 Olympus Corporation purchased Photonic Devices to expand its activities in the surgical endoscopy marketplace. Olympus Corporation intends to expand its customer base, which will help them achieve traction in the flexible endoscope industry.

August 2021 The US FDA has approved the EXALT Model B Single-Use Bronchoscope from Boston Scientific. The EXALT Model B Single-Use Bronchoscope is the most recent advancement in flexible bronchoscopy. Moreover, it is designed for ICU use to keep airways clear during complex respiratory procedures such as double-lumen tube placements.

Flexible Endoscopes Market Segmentation

Flexible Endoscopes Product Outlook

  • Fiberscope

  • Video Endoscope

Flexible Endoscopes Application Outlook

  • GI Endoscopy

  • Pulmonary Endoscopy

  • ENT Endoscopy

  • Urology

  • Others

Flexible Endoscopes End-User Outlook

  • Hospitals

  • Ambulatory Surgery Centers

  • Specialty Clinics

Flexible Endoscopes Regional Outlook

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

    • The U.K.

    • 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

Report Attribute/Metric Details
Market Size 2022 USD 9.3 billion
Market Size 2023 USD 10.03 billion
Market Size 2032 USD 18.43 billion
Compound Annual Growth Rate (CAGR) 7.9% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Application, End-User, and Region
Geographies Covered Europe, Asia Pacific, North America, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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
Key Market Opportunities The rising popularity of minimally invasive therapies
Key Market Dynamics Growing health awareness and demand for early-stage diagnosis

Frequently Asked Questions (FAQ) :

The Flexible Endoscopes Market size was valued at USD 9.3 Billion in 2022.

The global market is estimated to grow at a CAGR of 7.9% over the forecast period, 2023-2032.

North America had the largest revenue share of the global market.

The key players in the market are BD (Becton, Dickinson & Company), Boston Scientific Corporation, Fujifilm Corporation, Stryker Corporation, Olympus Corporation, Karl Storz, Hoya Corporation, Pentax Medical, Richard Wolf GmbH, and Smith & Nephew Plc.

The fiberscope category dominated the market in 2022.

GI endoscopy had the largest share of the global market.

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