Global Endoscopic Tool Market Overview
Endoscopic market is anticipated to witness a steady growth rate over the forecast period owing to prevalence of gastric cancers in Asian region. Furthermore, the limitation is Endoscopic Mucosal Resection (EMR) such as difficulty in removal of fibrotic lesions is anticipated to increase the adoption of Endoscopic process elsewhere in the world directly translating into increased demand for tools over the forecast period. Over the last few years, it has been observed that there is a steady increase in the geriatric population across the world with countries such as Japan, Italy, Finland among others being the fore-runners. Large number of geriatric population and subsequent occurrences of gastrointestinal cancers such as stomach, esophageal and colon among others are anticipated to create new avenues for market growth over the forecast period. Endoscopic Tools Market garnered a revenue of USD 231.38 million in the year 2019 globally and has been foreseen to yield USD 334.35 billion by the year 2027 at a compound annual growth (CAGR) of 7.1% over the forecast period. hospitals held the largest share due to government initiatives in developing countries. Moreover, physicians prefer to perform endoscopy in hospital-based environment due to emergence of any complications during endoscopic procedure. Endoscopy is an imaging technology used for examination of interior organs or vessels of the body. This technology not only used to detect the damage but also helps in surgical or therapeutic procedures. Factors such as growing geriatric population with increasing prevalence of gastrointestinal, cancers, and other chronic diseases, rising number of hospitals, and technological advancement related to endoscopy are driving this market.
Global Endoscopic Tool Market Dynamics
Rise in Prevalence of Gastric Cancers to Boost Endoscopic Submucosal Dissection Market
Rise in geriatric population and prevalence of gastrointestinal cancers such as esophagus, stomach, and colon cancer have led to the increasing demand for endoscopy procedures. Also, the aging population is causing an increase in reported cases of colorectal cancer. Increased patient awareness of the endoscopic submucosal dissection method will drive the demand for gastrointestinal endoscopic procedures. The U.S. population more than 65 years old is anticipated to more than double, i.e. from 46 million to 98 million by 2060. According to Globocan 2018, the incidence of colon cancer is 1,096,601, globally. Similarly, the incidence of stomach and esophageal cancer is 1,033,701 and 572,034, respectively. This incidence rate is expected to continue growing over the forecast period, thereby offering an increasing patient pool.
Less Invasive
Endoscopic mucosal resection makes for an alternate to surgeries that is less invasive when it comes to removing abnormal tissues, and is now frequently used to treat conditions such as cancer of the small intestine, esophageal cancer, colon polyps, stomach or gastric cancer, and Barrett’s esophagus. On the other hand, risks such as bleeding and puncture, narrowing of the esophagus, and the strong lack of professionals to operate these advanced equipment are some of the challenges obstructing the market from attaining greater profitability. Bleeding is a common complication that arises, but can be corrected, however, there is a slight chance of puncture in the wall of digestive tract. This depends on the location and size of the lesion that was removed.
High Cost of endoscopic procedures
The average list price of an HD colonoscopy system is as high as USD 109,009. Healthcare providers— particularly in developing countries such as India, Brazil, and Mexico—have low financial resources to invest in such costly sophisticated technologies. Moreover, the staff should be trained for the efficient handling and maintenance of endoscopy systems and equipment. Maintaining endoscopy equipment is of vital importance as improperly reprocessed endoscopes can lead to cross-contamination and can potentially expose patients to infections. This can further add to the already high costs. Moreover, the constant heating and cooling during disinfection procedures can cause wear and tear of the insertion and light guide tubes, which can hamper the durability of endoscopy equipment. All these factors add to the cost of endoscopy procedures.
Global Endoscopic Tool Market Segmentation
The Global Endoscopic Tool Market is segmented based on Product, Indication, End-User and region.
On the basis of Product market is segmented into Knives, Tissue Retractors, Grasps/Clips, Injection Agents, Gastroscopes & Colonoscopes. On basis of Indication market is segmented into Esophageal Cancer, Stomach Cancer, and Colon Cancer. On the basis of Procedure market is segmented into EMR, ESD, and POEM. On the basis of End-User market is segmented into Hospitals, Ambulatory Surgical Centers, and Specialty Clinics. On the basis of Region market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
Regional Insights:
On region the Global Endoscopic Tool Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American Endoscopic Tools Market accounted for a revenue share of 37.3% in 2019 and was valued at USD 86.26 million, and is projected to reach USD 117.43 million by 2027, growing at a CAGR of 6.3% from 2020 to 2027.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Product: Knives, Tissue Retractors, Grasps/Clips, Injection Agents, Gastroscopes & Colonoscopes By Indication: Esophageal Cancer, Stomach Cancer, Colon Cancer By Procedure: EMR, ESD, POEM By End-User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Small Payment Institution Money Transfer Market report based on product, site of collection, application, and region.
Global Endoscopic Tools Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Endoscopic Tool Market Key Players
The key players operating in the Global Endoscopic Tool Market includes Olympus Corporation, Boston Scientific Corporation, ERBE Elektromedizin GmbH, FujiFilm Medical Systems, Sumitomo Bakelite Co., Ltd, Ovesco Endoscopy AG and ZEON CORPORATION. On 18th may 2021, BlueRock Therapeutics, FUJIFILM Cellular Dynamics, and Opsis Therapeutics Enter into a Strategic R&D Alliance to Discover and Develop Cell Therapies for Eye Diseases
Global Endoscopic Tool Market Company Profile
- Olympus Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Boston Scientific Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- ERBE Elektromedizin GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- FujiFilm Medical Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Sumitomo Bakelite Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ovesco Endoscopy AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- ZEON CORPORATION
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
Global Endoscopic Tool Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Endoscopic Tools Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product
- Market Snippet, By Indication
- Market Snippet, By Procedure
- Market Snippet, By End-User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Endoscopic Tools Market , By Product, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Knives
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Tissue Retractors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Grasps/Clips
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Injection Agents
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Gastroscopes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Colonscopes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Endoscopic Tools Market , By Indications, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Esophageal Cancer
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Stomach Cancer
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Colon Cancer
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Endoscopic Tools Market , By Indications, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- EMR
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- ESD
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- POEM
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Endoscopic Tools Market , By End-User, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Ambulatory Service Centers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Specialty Centers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Endoscopic Tools Market , By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Indication, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Procedure, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Indication, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Procedure, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Indication, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Procedure, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Indication, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Procedure, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Indication, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Procedure, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Olympus Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Boston Scientific Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- ERBE Elektromedizin GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- FujiFilm Medical Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Sumitomo Bakelite Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ovesco Endoscopy AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- ZEON CORPORATION
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
The Last Word
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- Future Impact
- About Us
- Contact
FAQs
The Global Endoscopic Tool Market is segmented based on Product, Indication, End-User and region.
Rise in Prevalence of Gastric Cancers to Boost Endoscopic Submucosal Dissection Market is the major factor driving growth of the global market
On region the Global Endoscopic Tool Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American Endoscopic Tools Market accounted for a revenue share of 37.3% in 2019 and was valued at USD 86.26 million, and is projected to reach USD 117.43 million by 2027, growing at a CAGR of 6.3% from 2020 to 2027.
The key players operating in the Global Endoscopic Tool Market includes Olympus Corporation, Boston Scientific Corporation, ERBE Elektromedizin GmbH, FujiFilm Medical Systems, Sumitomo Bakelite Co., Ltd, Ovesco Endoscopy AG and ZEON CORPORATION.