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The global endoscopy devices market was valued at USD 38.21 billion in 2022, increasing at a CAGR of 7.60% from 2022 to 2030 and anticipated to reach USD 68.65 billion by 2030. North America is expected to grow the fastest during the forecast period. The increasing use of endoscopic bariatric metabolic therapies and endoscope & visualization technologies in healthcare settings are helping to boost the market growth during the forecast period. Further, the outbreak of COVID-19 has positively impacted the healthcare market and the endoscopy devices industry. This is due to patients' growing number of respiratory and infectious diseases.
The endoscopy procedure employs an endoscope to investigate the interior of a hollow organ or cavity of the body. Endoscopy may investigate symptoms in the digestive system, including abdominal pain, nausea, vomiting, difficulty swallowing, and gastrointestinal bleeding. Endoscopy devices have gained swift popularity in diagnosing and treating several diseases. A large number of patients are choosing to opt for different endoscopic devices for treatment as it allows minimally invasive surgeries. Endoscopic devices in diagnosing significant infections & disorders have become a staple for surgeons and doctors. Endoscopy can also perform various additional activities like imaging and small surgery. An endoscopy device consists of a flexible or rigid tube, eyepiece, light system, camera, lens, and another channel for other medical instruments.
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For example, in June 2020, Johnson & Johnson delivered its first Ultra High Definition 4K endoscopic imaging system in China that is not only the first 4K endoscopic imaging system in China but also marks the first time that the firm has manufactured a product representing this technology in the industry.
For example, in October 2021, Fujifilm Company launched the first FDA-cleared dual-channel endoscope for lower and upper gastrointestinal applications.
Drivers:
The increasing demand for minimally invasive procedures: Minimally invasive surgeries offer more significant benefits than conventional open surgery approaches. These advantages may contain smaller incisions, faster recovery times, less pain, scarring, and better accuracy than their counterparts. Further, endoscopic procedures' rising illness burden has been boosted by the increasing prevalence of chronic diseases such as gastrointestinal problems and mucosal lining cancer. This factor also helps to increase market growth. Also, the high incidence of obesity, the rising geriatric population, and the increasing number of chronic ailments are stimulating market growth. In addition, the rise in ambulatory surgical centers also adds to the growing demand for minimally invasive procedures. This is also helping to drive market growth.
The high usage of endoscopy devices: Endoscopy devices are utilized to diagnose or treat diseases or disorders such as Crohn's disease, irritable bowel, stomach ulcer, ulcerative colitis, tumors, infections, blockage, gastroesophageal reflux disease (GERD), hiatal hernia, etc. The increasing applications of endoscopic devices in oncology are the driving factor of the market growth. Moreover, a shift in the trend to utilize disposable endoscopic elements to minimize the procedure price and the chance of cross-contamination is propelling the market growth. Further, the increasing medical conditions due to the rising geriatric population often need endoscopic intervention, such as endometriosis, liver abscess, intestinal perforation, and gallstones are anticipated to drive market growth. The approval & launch of new products is also driving factors of the market growth. In addition, the presence of endoscopic device manufacturers and the growing prevalence of cancer are driving factors of the market growth during the upcoming years.
Restraints:
The high cost of endoscopic devices: The absence of skilled physicians & endoscopists, lack of proper guidelines about proper selection, and usage of automated endoscope reprocessors are hampering the market growth. Furthermore, the possible failure of sales due to the delay in the release of the product and the raised costs incurred due to stringent approval policies put pressure on investments related to the production of new products are the restraining factor of the market. The unfavorable healthcare development, high cost of endoscopy procedures, and limited reimbursement hamper the market growth. Additionally, due to the outbreak of COVID-19, the funding for innovation in endoscopy devices distracted is the restraining factor for the market's growth.
Opportunities:
The increasing number of medical devices in the emerging market: The technological progress to develop innovative endoscopic devices is a market growth opportunity. Further, the shift of preference against minimally invasive surgical methods over traditional surgeries to reduce hospital stay & minimize post-procedure difficulties are also encouraging to boost the market growth. In addition, the high adoption for the diagnosis & treatment of functional gastrointestinal disorders and cancer cost-effectively is also helping to boost the market growth. Also, the ever-increasing adoption of hyperspectral imaging is another driving factor of the market growth. Moreover, the growing healthcare industry in rising economies, the proliferation in the number of emerging markets, and the advancement in gastrointestinal endoscopic devices are stimulating market growth during the forecast period.
Challenges:
Lack of trained physicians and endoscopists: The absence of skilled endoscopists & physicians in developing countries is a challenging factor in the market growth. Further, the increasing focus of patients towards Ayurveda medicines, the lack of experienced professionals to operate the endoscopy devices, and illness caused by few endoscopic procedures are expected to hamper the market growth during the forecast period.
Regional segmentation analysis:
The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. North America emerged as the largest market for the global endoscopy devices market, with a 49.37% share of the market revenue in 2022. North America dominates the endoscopy devices market due to the increasing prevalence of multiple chronic diseases, such as diabetes, cancer, and cardiovascular illnesses, coupled with functional gastrointestinal disorders. In addition, technological advancements, favorable reimbursement policies, and the increase in the geriatric population with long-term medical conditions & subsequent are also helping to stimulate market growth in this region. The Asia Pacific is expected to grow the fastest during the forecast period due to the increasing government initiatives to modernize healthcare facilities & constantly develop a start-up landscape. Also, the ever-increasing population of patients with cancer and gastrointestinal disorders in developed countries is propelling the market growth in this region during the forecast period.
Asia-Pacific Region Endoscopy Devices Market Share in 2022 - 49.37%
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Application segment analysis
The application segment is divided into laparoscopy, gastrointestinal endoscopy, obstetrics/ gynecology endoscopy, bronchoscopy, arthroscopy, mediastinoscopy, urology endoscopy (cystoscopy), ENT endoscopy, and others. The gastrointestinal endoscopy segment dominated, with a market share of around 22.13% in 2022. This growth is attributed to the technological advancements in the field of AI-based devices and robot-assisted endoscopes. A gastrointestinal endoscopy, also known as digestive or gastroscopy endoscopy, is a test utilized to diagnose and treat disorders of the upper digestive system. Further, the upper digestive system contains the oesophagus, the stomach, and the duodenum (the first part of the small intestine). Gastrointestinal endoscopy is a therapeutic and diagnostic procedure that permits one to image, assess, and treat GI illnesses.
Product segment analysis
The product segment is divided into visualization system, endoscope, accessories, and other endoscope equipment. In 2022, the endoscope segment dominated the market with the largest market share of 31.12% and market revenue of 11.89 billion. This growth is attributed to the rise in incidents of chronic disorders such as gastrointestinal disorders and cancer. Further, by 2030, the visualization system segment will likely dominate the market due to technological advancements to enhance imaging capabilities. Also, medical professionals' rising adoption of the High Definition (HD) visualization systems for better imaging outcomes during endoscopic procedures is helping boost the segment's market growth.
End-User segment analysis
The end-user segment is divided into ambulatory surgery centers/clinics, hospitals, and others. In 2022, the hospital segment dominated the market with the largest market share of 43.16% and market revenue of 16.49 billion. This growth is attributed to the ever-increasing government and private funding in the healthcare sector. Further, most hospitals are well equipped with technologically advanced endoscopic facilities in developed economies.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion), Volume (Kg) |
| Market size value in 2022 | USD 38.21 Billion, Volume (Units) |
| Market size value in 2030 | USD 68.65 Billion, Volume (Units) |
| CAGR (2022 to 2030) | 7.60% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | Key Segments are application, product, end-user, and regions |
| Regional Segments | The key regions are North America, South America, Europe, Asia Pacific, and Middle East & Africa. |
As per The Brainy Insights, the size of the endoscopy devices market was valued at USD 38.21 billion in 2022 to USD 68.65 billion by 2030.
Global endoscopy devices market is growing at a CAGR of 7.60% during the forecast period 2022-2030.
North America region emerged as the largest market for the endoscopy devices.
The market's growth will be influenced by the increasing demand for minimally invasive procedures.
The high cost of endoscopic devices could hamper the market growth.
The increasing number of medical devices in the emerging market will provide huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The growing prevalence of gastrointestinal diseases
5.2.2. The increasing geriatric population
5.2.3. The high usage of endoscopy devices
5.2.4. The increasing demand for minimally invasive procedures
5.3. Restraints
5.3.1. The high cost of endoscopic devices
5.4. Opportunities
5.4.1. The increasing number of medical devices in the emerging market
5.5. Challenges
5.5.1. The lack of trained physicians and endoscopists
6. Global Endoscopy Devices Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Laparoscopy
6.3. Gastrointestinal Endoscopy
6.4. Obstetrics/ Gynecology Endoscopy
6.5. Bronchoscopy
6.6. Arthroscopy
6.7. Mediastinoscopy
6.8. Urology Endoscopy (Cystoscopy)
6.9. Ent Endoscopy
6.10. Others
7. Global Endoscopy Devices Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Visualization System
7.3. Endoscope
7.4. Accessories
7.5. Other Endoscope Equipment
8. Global Endoscopy Devices Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Ambulatory Surgery centers/Clinics
8.3. Hospitals
8.4. Others
9. Global Endoscopy Devices Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Endoscopy Devices Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Endoscopy Devices Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Ethicon Endo-surgery LLC.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Stryker Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Olympus Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. FUJIFILM Holdings Corporation
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. PENTAX Medical
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Karl Storz GmbH & Co. KG.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Richard Wolf GmbH
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Boston Scientific Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Medtronic Plc (Covidien)
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Machida Endoscope Co., Ltd
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Smith & Nephew Inc.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
2. Global Laparoscopy, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
3. Global Gastrointestinal Endoscopy, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
4. Global Obstetrics/ Gynecology Endoscopy, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
5. Global Bronchoscopy, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
6. Global Arthroscopy, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
7. Global Mediastinoscopy, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
8. Global Urology Endoscopy (Cystoscopy), Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
9. Global Ent Endoscopy, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
10. Global Others, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
11. Global Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
12. Global Visualization System, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
13. Global Endoscope, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
14. Global Accessories, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
15. Global Other Endoscope Equipment, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
16. Global Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
17. Global Ambulatory Surgery centers/Clinics, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
18. Global Hospitals, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
19. Global Others, Endoscopy Devices Market, By Region, 2019-2030 (USD Billion)
20. North America Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
21. North America Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
22. North America Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
23. U.S. Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
24. U.S. Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
25. U.S. Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
26. Canada Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
27. Canada Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
28. Canada Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
29. Mexico Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
30. Mexico Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
31. Mexico Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
32. Europe Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
33. Europe Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
34. Europe Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
35. Germany Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
36. Germany Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
37. Germany Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
38. France Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
39. France Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
40. France Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
41. U.K. Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
42. U.K. Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
43. U.K. Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
44. Italy Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
45. Italy Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
46. Italy Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
47. Spain Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
48. Spain Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
49. Spain Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
50. Asia Pacific Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
51. Asia Pacific Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
52. Asia Pacific Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
53. Japan Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
54. Japan Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
55. Japan Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
56. China Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
57. China Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
58. China Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
59. India Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
60. India Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
61. India Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
62. South America Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
63. South America Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
64. South America Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
65. Brazil Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
66. Brazil Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
67. Brazil Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
68. Middle East and Africa Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
69. Middle East and Africa Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
70. Middle East and Africa Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
71. UAE Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
72. UAE Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
73. UAE Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
74. South Africa Endoscopy Devices Market, By Application, 2019-2030 (USD Billion)
75. South Africa Endoscopy Devices Market, By Product, 2019-2030 (USD Billion)
76. South Africa Endoscopy Devices Market, By End-User, 2019-2030 (USD Billion)
List of Figures
1. Global Endoscopy Devices Market Segmentation
2. Global Endoscopy Devices Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top- Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Endoscopy Devices Market Attractiveness Analysis By Application
9. Global Endoscopy Devices Market Attractiveness Analysis By Product
10. Global Endoscopy Devices Market Attractiveness Analysis By End-User
11. Global Endoscopy Devices Market Attractiveness Analysis By Region
12. Global Endoscopy Devices Market: Dynamics
13. Global Endoscopy Devices Market Share By Application (2022 & 2030)
14. Global Endoscopy Devices Market Share By Product (2022 & 2030)
15. Global Endoscopy Devices Market Share By End-User (2022 & 2030)
16. Global Endoscopy Devices Market Share By Regions (2022 & 2030)
17. Global Endoscopy Devices Market Share By Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global endoscopy devices based on below mentioned segments:
Global Endoscopy Devices Market by Application:
Global Endoscopy devices Market by Product:
Global Endoscopy devices Market by End-User:
Global Endoscopy Devices by Region:
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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
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The data procurement stage involves in data gathering and collecting through various data sources.
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