Endoscopy Devices Market, By Type of Device (Endoscopy (Rigid Endoscope, Flexible Endoscope, Capsule Endoscope, and Robot-assisted Endoscope), Endoscopic Operative Device (Irrigation/Suction System, Access Device, Wound Protector, Insufflation Device, Operative Manual Instrument, and Other Endoscopic Operative Devices), and Visualization Equipment (Endoscopic Camera, SD Visualization System, and H.D. Visualization System), By Application (Gastroenterology, Pulmonology, Orthopedic Surgery, Cardiology, ENT Surgery, Gynecology, Neurology, and Urology), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI376619 | Publish Date: April 2024 | No. of Pages: 180

Global Endoscopy Devices Market By Overview

Endoscopy Devices Market was valued at US$ 31.4 billion in 2024 and is projected to grow at a CAGR of 7.50% to reach US$ 60.8 billion by 2034.

Endoscopy devices are medical equipment used in minimally invasive operations to see into a patient's body and evaluate areas such as the female reproductive tract, urinary tract, digestive tract, and respiratory tract. A medical instrument with a light attached is called an endoscope. An organ or bodily cavity can be seen through it. When doing a sigmoidoscopy or bronchoscopy, the scope is introduced through a naturally occurring aperture, such as the rectum. An endoscopy refers to a medical procedure that uses any endoscope.

Endoscopic procedures are nonsurgical methods that investigate the interior of a patient's digestive tract using endoscopic supplies and equipment. Growing rates of obesity are driving the market for endoscopic equipment because these rates are linked to an increase in associated illnesses worldwide. Endoscopy methods provide accurate, minimally invasive means of diagnosing and treating obesity-related issues such as malignancies and gastrointestinal diseases. These procedures can be performed with conventional scopes or with more sophisticated imaging instruments. The use of endoscopic equipment is driven by the need for accurate interventions and early identification, which guarantees quicker recovery periods and better patient outcomes. Additionally, businesses in the industry are introducing fresh approaches to meet the expanding need and bolster their position.

The key elements expected to accelerate market expansion over the projection period are the less invasive qualities and reasonably priced post- and pre-procedure costs of endoscopic equipment. In addition, there has been a movement toward the use of disposable endoscopic components to reduce the expense of the treatment and the possibility of cross-contamination. Nevertheless, infections brought on by few endoscopes and a shortage of trained personnel impede the target market expansion.

Introduction - Endoscopy Devices Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Endoscopy Devices Market By Dynamics

Endoscopy Devices Market Key Drivers:

Growing rates of chronic illnesses and an aging population

  • In the upcoming years, it is expected that the prevalence of chronic diseases and the global aging population will continue to drive endoscopic device use. Furthermore, a growing number of older people are developing medical diseases that frequently call for endoscopic intervention. These conditions include intestinal perforations, gallstones, liver abscesses, and endometriosis, and it is projected that these factors will drive the market for endoscopy equipment throughout the forecast years.
  • For instance, in February 2024, according to an article published by 'Preventing Chronic Disease' (PCD), a peer-reviewed public health journal sponsored by the Centers for Disease Control and Prevention and authored by experts worldwide, stated that in the United States, the U.S. Department of Health and Human Services estimates that 129 million people have at least one significant chronic illness (heart disease, cancer, diabetes, obesity, or hypertension). Chronic diseases that are treatable and preventive account for five of the top ten deadly causes in the U.S. or are closely linked to them. The prevalence is anticipated to continue to rise as it has over the previous 20 years. An increasing number of Americans—42% have two or more chronic ailments, and 12% have five or more—are coping with various conditions. In addition to its effects on the individual, chronic illness has a significant influence on the U.S. healthcare system. Approximately 90% of the $4.1 trillion spent on health care each year goes toward treating and managing mental health issues and chronic illnesses.

Growth of interventions with minimal interference

  • The increasing importance, uptake, and development of minimally invasive surgery globally attest to the influence consistently being used to enhance patient outcomes. Minimally invasive endoscopic procedures are becoming increasingly popular among patients and surgeons because of their many advantages, including shorter recovery times and less discomfort and scarring. Additionally, it improves patient outcomes since endoscopy makes it possible to diagnose and treat various illnesses earlier, improving patient outcomes.

Endoscopy Devices Market Restraints:

High cost of these devices                   

  • One major factor impeding the growth of the endoscopy devices market is their high cost. Endoscopic device prices vary according to the kind and complexity of the device. Standard endoscopic gadgets are only sometimes as expensive as high-end ones. Many patients may find it challenging to obtain endoscopic devices because of their expensive cost, especially in some nations with inadequate healthcare resources. This may result in problems being identified and treated with endoscopic procedures that are underdiagnosed and undertreated. Healthcare professionals may find it challenging to embrace endoscopic equipment due to its expensive cost, primarily if they work in smaller or more remote clinics with little funding.

Global Endoscopy Devices Market By Segmentation

The Endoscopy Devices Market is segmented based on the type of device, application, and region.

Type of Device Insights

  • Endoscopy: These constitute the main tools used in minimally invasive procedures for imaging.
  • Rigid Endoscope: Rigid endoscopes are employed in most surgical endoscopic procedures and provide endoscopists with an even clearer picture than is possible with the unaided eye. They allow them to observe the surface of organs, their vasculature, or disease changes without making significant bodily incisions.
  • Flexible Endoscope: Flexible endoscopy is a dependable, less invasive method for diagnosing and treating a range of gastrointestinal issues, including stomach pain, reflux, GERD, ulcers, gastritis, trouble swallowing, bleeding in the digestive tract, changes in bowel habits, and polyps. The unique capacity to access cavities and viscera that are invisible to the unaided eye is made possible by flexible endoscopes. They enable targeted medicines, pathology identification, and minimally invasive symptom inquiry.
  • Capsule Endoscope: A capsule endoscope is a kind of endoscopy carried out with a wireless camera contained in a tiny, disposable capsule. Another name for capsule endoscopy is wireless or video capsule endoscopy. The camera is housed in a video endoscopy capsule, which is used for the procedure. With the help of this pill-sized gadget, you can see your entire digestive system. However, it's frequently used to view the small intestine, which is challenging to reach with a conventional endoscope.
  • Robot-assisted Endoscope: Robot-assisted endoscope integrates robotic arms with conventional endoscopes to improve control and precision during surgery. A telemanipulated, flexible robotic endoscope is the main component of most robotic endoscopic platforms now in use. Triangulation, sufficient tissue retraction, and ideal operating field exposure in a robotic endoscope are typically accomplished by at least two articulating end-effectors.
  • Endoscopic Operative Device: These tools are used in conjunction with endoscopes to carry out a variety of internal procedures.
  • Irrigation/Suction System: The irrigation/Suction system is used during surgery to keep the view clear and clean. Although the camera magnifies the surgical site, fluids such as blood or tissue fragments may cause it to get hidden. A clear and unobstructed view of the region being operated on is made possible by the surgeon's ability to swiftly and simply remove any obstructions from the surgical site using the suction irrigation system.
  • Access Device: During endoscopic procedures, access devices are specialized equipment that work with endoscopes to establish a channel for other instruments or the endoscope itself.
  • Wound Protector: Specialized tools called wound protectors are utilized during endoscopic surgery to preserve the organs and tissues beneath the skin.
  • Insufflation Device: These devices fill cavities with gas to enhance visibility. Endoscopic insufflation plays a critical role in flexible gastrointestinal (G.I.) endoscopy and directly impacts vision. Endoscopists can perform better examinations and provide the best treatments when they have superior visualization. On the other hand, endoscopic insufflation is usually done by hand and is subjective.
  • Operative Manual Instrument: Operative manual instruments include tools like cutters, graspers, and other specialty instruments for handling during surgery.
  • Other Endoscopic Operative Devices: Other endoscopic operative devices may include endoscopic staplers, which are used to firmly shut tissues or surgical incisions, and endoscopic clips, which are used to apply tiny clips to blood arteries or tissues to stop bleeding or close structures.
  • Visualization Equipment: All endoscopy procedures use high-definition endoscopic pictures, which are viewed and interpreted using endoscopy visualization tools.
  • Endoscopic Camera: Endoscopic camera records the image stream obtained with the endoscope from the body's interior. It converts light signals into crisp digital pictures.
  • S.D. Visualization System: The CCD chips used in S.D. endoscopes generate an image signal with between 100,000 and 400,000 pixels, which is then presented in the S.D. format. Smaller CCDs with more pixels and higher resolution are the outcome of developments in CCD technology.
  • H.D. Visualization System: An endoscope visualization system is a high-definition (H.D.) video system that may be utilized for any kind of endoscopic surgery. It provides higher image clarity, making anatomical features more accessible to see and diagnosing patients easier.

Application Insights

  • Gastroenterology: This area of study examines and treats digestive system disorders. Endoscopic surgery called gastroscopy enables doctors to inspect the digestive system by passing an endoscope—a long, flexible, illuminated instrument—down the throat or through the rectum. The esophagus, stomach, small intestine, colon, pancreas, and bile ducts can all be examined and treated using these gastrointestinal endoscopic treatments.
  • Pulmonology: This field deals with lung illness diagnosis and treatment. A tool that lets doctors view your body is used during a bronchoscopy. An endoscope is a long, thin tube with one end fitted with a light and camera. Additionally, it has an open channel that medical instruments can use to gather tissue samples for biopsies.
  • Orthopedic Surgery: This area of study focuses on joint operations and surgery. An endoscope, a device with a tiny lens at the end and a thin tube through which instruments for tissue, bone spur, and disc removal are passed, is used in this treatment. Orthopedic surgeons frequently employ endoscopes in the hip, shoulder, and knee. Owing to recent developments, surgeons can now employ scopes inside the spine.
  • Cardiology: This area focuses on enabling less invasive operations to increase blood flow and treat heart problems, as well as imaging the heart for diagnostic purposes.
  • ENT Surgery: This segment makes the ENT region visible for diagnosis, foreign object removal, and condition treatment.
  • Gynecology: It involves a less invasive method for identifying and managing a range of gynecological disorders, such as infertility, ovarian cysts, and endometriosis. It also involves checking for anomalies or fibroids inside the uterus.
  • Neurology: In neurosurgery, the endoscope has grown to be a highly appreciated imaging tool for a variety of procedures. Neurosurgeons can access parts of the brain and spine using endoscopy less invasively. 
  • Urology: The urology segment uses endoscopic devices to make the urinary system visible, which can be used to diagnose, treat, and remove stones from a variety of urological problems. It also involves checking for inflammation, tumors, or stones inside the bladder.

Regional Insights:

Regional Insights - Endoscopy Devices Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Endoscopy Devices Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to its sophisticated healthcare system, broad use of medical technology, and rising rate of gastrointestinal disorders. Endoscopic treatments and equipment are used in the established healthcare facilities in the area.
  • Asia Pacific market is estimated to witness fastest revenue share due to increasing prevalence of aging population and rising healthcare costs. Increasing public knowledge of the advantages of endoscopy, growing healthcare resources, and government campaigns supporting minimally invasive procedures would further propel the target market.
  • Europe's market is expanding steadily as the need for less intrusive procedures is increasing, and also, there is an emphasis on patient safety and advanced healthcare systems in the region.
  • Latin America market is an emerging region with growing demand for minimally invasive procedures, a growing middle class, and increased investments in healthcare infrastructure. These factors are predicted to elevate the target market growth over the forecast period.
  • The Middle East & Africa market is in its developmental stages, observing escalating endoscopic awareness, rising disposable incomes, and growing healthcare investments over the projected timeframe.

Report Scope:

Attribute            

Details

Market Size 2024

US$ 31.4 billion

Projected Market Size 2034

US$ 60.8 billion

CAGR Growth Rate

7.50%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type of Device - Endoscopy (Rigid Endoscope, Flexible Endoscope, Capsule Endoscope, and Robot-assisted Endoscope), Endoscopic Operative Device (Irrigation/Suction System, Access Device, Wound Protector, Insufflation Device, Operative Manual Instrument, and Other Endoscopic Operative Devices), and Visualization Equipment (Endoscopic Camera, SD Visualization System, and H.D. Visualization System)

By Application - Gastroenterology, Pulmonology, Orthopedic Surgery, Cardiology, ENT Surgery, Gynecology, Neurology, and Urology

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

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 2024 to 2034. For the purpose of this study, has segmented the Endoscopy Devices Market report based on type of device, application and region:

Endoscopy Devices Market, By Type of Device:

  • Endoscopy
    • Rigid Endoscope
    • Flexible Endoscope
    • Capsule Endoscope
    • Robot-assisted Endoscope
  • Endoscopic Operative Device
    • Irrigation/Suction System
    • Access Device
    • Wound Protector
    • Insufflation Device
    • Operative Manual Instrument
    • Other Endoscopic Operative Devices
  • Visualization Equipment
    • Endoscopic Camera
    • SD Visualization System
    • H.D. Visualization System

Endoscopy Devices Market, By Application:

  • Gastroenterology
  • Pulmonology
  • Orthopedic Surgery
  • Cardiology
  • ENT Surgery
  • Gynecology
  • Neurology
  • Urology

Endoscopy Devices Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Endoscopy Devices Market By Key Players

The key players operating the Endoscopy Devices Market include Boston Scientific Corporation, Cook Medical, Conmed Corporation, Richard Wolf GmbH, Johnson and Johnson, Fujifilm Holdings, Medtronic PLC, Olympus Corporation, Hoya Corporation, and Intuitive Surgical.

Global Endoscopy Devices Market By Key Issues Addressed

Recent Development:

  • In January 2023, Certified Endoscopy Products, a Chicago-based medical device reprocessing business that specializes in endoscopic devices, and A.A. Medical partnered. Together, A.A. Medical and Certified Endoscopy will establish a leading medical device reprocessing business that caters to the markets for orthopedic, endoscopic, and other surgical devices.
  • In November 2023, Olympus Corporation introduced the EVIS X1, a next-generation endoscopic system, for the Chinese market and demonstrated the technology at the 6th annual China International Import Expo held in Shanghai from November 5th to 10th.
  • In August 2022, Medtronic introduced G.I. Genius, an A.I. endoscopy module intended to treat colorectal cancer in India. Using improved visibility during colonoscopy, the proposed medical system enables doctors to diagnose and treat colorectal cancer using real-time data.

Global Endoscopy Devices Market By Company Profile

  • Boston Scientific Corporation*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cook Medical
  • Conmed Corporation
  • Richard Wolf GmbH
  • Johnson and Johnson
  • Fujifilm Holdings
  • Medtronic PLC
  • Olympus Corporation
  • Hoya Corporation
  • Intuitive Surgical

“*” marked represents similar segmentation in other categories in the respective section.

Global Endoscopy Devices Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    •  Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry 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
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Endoscopy Devices Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type of Device
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. 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
  5. Market Segmentation, By Type of Device, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Endoscopy
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
        • Rigid Endoscope
        • Flexible Endoscope
        • Capsule Endoscope
        • Robot-assisted Endoscope
    • Endoscopic Operative Device
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
        • Irrigation/Suction System
        • Access Device
        • Wound Protector
        • Insufflation Device
        • Operative Manual Instrument
        • Other Endoscopic Operative Devices
    • Visualization Equipment
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
        • Endoscopic Camera
        • SD Visualization System
        • HD Visualization System
  6. Market Segmentation, By Application, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Gastroenterology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Pulmonology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Orthopedic Surgery
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Cardiology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Gynecology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Neurology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Urology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  7. Global Market, By Region, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type of Device, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type of Device, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type of Device, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type of Device, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Type of Device, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
  • Boston Scientific Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  • Cook Medical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  • Conmed Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  • Richard Wolf GmbH
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  • Johnson and Johnson
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  • Fujifilm Holdings
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  • Medtronic PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  • Olympus Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Endoscopy Devices Market is segmented into Type, Application, and Region.

Emerging trends include the development of minimally invasive endoscopic procedures, advancements in endoscope technology (e.g., 3D imaging, robotic-assisted endoscopy), and the expansion of endoscopic applications in various medical fields, presenting significant opportunities in the global Endoscopy Devices Market.

Factors driving the market include the increasing prevalence of gastrointestinal and respiratory diseases, a shift towards minimally invasive surgeries, technological innovations in endoscopy devices, and the growing demand for early and accurate diagnostics.

The report covers regions worldwide. North America is expected to dominate the Endoscopy Devices Market, driven by a well-established healthcare system, high adoption of advanced medical technologies, and a significant presence of key endoscopy device manufacturers in the region. Other influential regions include Europe and Asia-Pacific.

Cook Medical, Conmed Corporation, Richard Wolf GmbH, Johnson and Johnson, Fujifilm Holdings, Medtronic PLC, Olympus Corporation,