The global endoscopes market was valued at USD 14 billion in 2022 and is projected to grow around USD 32.39 billion by 2032 with a CAGR of around 8.8% during the forecast period 2023 to 2032.
Key Takeaways
- North America led the global market with the highest market share of 41% in 2022.
- By Product, the flexible endoscopes segment contributed more than 47% of revenue share in 2022.
- By Application, the GI endoscopy segment had the largest market share of 51% in 2022.
- By End-user, the hospitals segment contributed more than 48.1% of revenue share in 2022.
At present, endoscopy accessories and devices have become vital parts of the global healthcare system. Endoscopes are minimally invasive devices that can be introduced into the openings of the body like the anus or mouth. These devices offer clinical solutions by permitting close inspection of internal organs and body structures. Endoscopes have a tube-like instrument that is introduced straight inside organs that deliver broad details of the organs for study such as bronchi or GI tract.
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Nowadays, the incorporation of gold soldering in place of glue, silver or lead is one of the enhancements taking place in the usage of rigid endoscopes. Gold soldering to attach the front lenses of the equipment’s distal tip offers more robustness against reprocessing detergents. It also evades triggering allergic reactions in patients. Majority of minimally invasive surgical procedures utilized rigid endoscopes including arthroscopes and laparoscopes and with a rod-lens-based optical system. Number of technological developments has meaningfully pushed forward developments in endoscopy benefitting patients and doctors. Developments like joining and merging of dissimilar visualization and imaging approaches such as CT or MRI with endoscopic images, the integration and connection of medical devices in the operating theatre plus merging endoscopic visualization with lasers, instruments, and other technologies and devices are further pushing technology development trends in this marketplace.
Growth Factors
Intensifying need for endoscopic procedure, budding funds, investments, and grants from various government and healthcare organizations, mounting number of hospitals are some of the vital influences pushing the growth of the global endoscopes market. Further, developing hospital spending in endoscopy facilities and numerous technological expansions in the arena of different endoscopes and accessories is further propelling the market revenue growth across the globe. Though, more cost of endoscopy procedures & equipment, unfavorable healthcare reforms few regions and inadequate reimbursement in evolving nations are anticipated to confine the growth global endoscopes market during next few years.
Snowballing pervasiveness of cancer is one of the important causes subsidizing to the growth of the endoscope market as, mounting incidence of cancer is anticipated to push the need for biopsies in cancer diagnosis. Endoscopic ultrasound and endoscopy for biopsies are the most favored processes in the diagnosis of cancer. As per data revealed by World Health Organization, cancer is the second leading source of death across the globe, amounting for an assessed 9.6 million deaths in 2018, and it is likely to rise to around 22 million by 2034.
Endoscopes Market Scope
| Report Highlights | Details |
| Market Size in 2023 | USD 15.16 Billion |
| Market Size by 2032 | USD 32.39 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 8.8% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Product, Application, End User, Region |
| Companies Mentioned | Karl Storz GmbH & Co. KG, Fujifilm Holdings Corporation, Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Medtronic Plc, Hoya Corporation, Stryker Corporation, Johnson & Johnson and Smith & Nephew Plc |
Regional Snapshots
North America gathered major revenue chunk in 2019 of the total endoscopy devices market due to high pervasiveness of diseases like colon and bladder cancers, upsurge in inclination for minimally invasive procedures, and upswing in ageing population.
Furthermore, swelling implementation of robot-assisted endoscopes utilized for surgical and diagnostic procedures is further subsidizing to growth of market. Asia Pacific is projected to grow promptly on account of existence of ample progression openings in terms of unmet medical requirements for the diagnosis of severe illnesses including cancer among others and expedition for upgraded quality of life in evolving countries in this region.
Report Highlights
- North America is expected to control the global endoscopy devices market revenue throughout the assessment period closely followed by Europe.
- Asia Pacific region is expected to drive huge growth in near future.
- Arrival of endoscopic bariatric surgeries, such as endoscopic sleeve gastroplasty is also estimated to fuel growth of the market in next few years.
- Accumulative need for colonoscopies and laparoscopies in the U.S. on account of growing frequency of colorectal cancer is further backing the tremendous revenue generation by this region in the global marketplace.
- GI endoscopy accounted for major market revenue in 2019.
- Among the product types, flexible endoscopes gathered highest market revenue in 2019
Key Players & Strategies
System providers are seeking for optimized solutions such as lasers, instruments, or other medical devices. For such tailored solutions, medical-device manufacturers are willing to collaborate with corporations that have proficiency in the manufacturing and development of camera and endoscopes along with image processing technologies. One approach exists for producer is to syndicate private-label and standard products. This permits them to instantly start with endoscopic products with the help of their brand and logo deprived of capitalizing heavily in R&D, thus evading extended development costs and times. Likewise, manufacturers can start on a tailored second generation of OEM products in a very little time, imitating the path for noteworthy progresses in endoscopy by responding quickly to market feedback on first-generation products.
Further, product expansion and development are the key approaches had owed by the principal establishments to fortify their market foothold. Few of the major manufacturers assessed in this research study are Karl Storz GmbH & Co. KG, Fujifilm Holdings Corporation, Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Medtronic Plc, Hoya Corporation, Stryker Corporation, Johnson & Johnson and Smith & Nephew Plc amongst others.
Segments Covered in the Report
By Product
- Flexible Endoscopes
- Bronchoscopes
- Laryngoscopes
- Sigmoidoscopes
- Upper Gastrointestinal Endoscopes
- Duodenoscopes
- Colonoscopes
- Pharyngoscopes
- Nasopharyngoscopes
- Other
- Capsule Endoscopes
- Robot Assisted Endoscopes
- Rigid Endoscopes
- Urology Endoscopes
- Laparoscopes
- Arthroscopes
- Cystoscopes
- Neuroendoscopes
- Other
- Disposable Endoscopes
By Application
- Arthroscopy
- Urology Endoscopy
- Laparoscopy
- Gastrointestinal (GI) Endoscopy
- Bronchoscopy
- Mediastinoscopy
- Gynecology Endoscopy
- Otoscopy
- Laryngoscopy
- Other Applications
By End-Use
- Ambulatory Surgery Centers
- Hospitals
- Other
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East & Africa
- Latin America
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Endoscopes Market, By Product
7.1. Endoscopes Market, by Product Type, 2023-2032
7.1.1. Flexible Endoscopes
7.1.1.1. Market Revenue and Forecast (2021-2032)
7.1.2. Capsule Endoscopes
7.1.2.1. Market Revenue and Forecast (2021-2032)
7.1.3. Robot Assisted Endoscopes
7.1.3.1. Market Revenue and Forecast (2021-2032)
7.1.4. Rigid Endoscopes
7.1.4.1. Market Revenue and Forecast (2021-2032)
7.1.5. Disposable Endoscopes
7.1.5.1. Market Revenue and Forecast (2021-2032)
Chapter 8. Global Endoscopes Market, By Application
8.1. Endoscopes Market, by Application, 2023-2032
8.1.1. Arthroscopy
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Urology Endoscopy
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Laparoscopy
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.4. Gastrointestinal (GI) Endoscopy
8.1.4.1. Market Revenue and Forecast (2021-2032)
8.1.5. Bronchoscopy
8.1.5.1. Market Revenue and Forecast (2021-2032)
8.1.6. Mediastinoscopy
8.1.6.1. Market Revenue and Forecast (2021-2032)
8.1.7. Gynecology Endoscopy
8.1.7.1. Market Revenue and Forecast (2021-2032)
8.1.8. Otoscopy
8.1.8.1. Market Revenue and Forecast (2021-2032)
8.1.9. Laryngoscopy
8.1.9.1. Market Revenue and Forecast (2021-2032)
8.1.10. Others
8.1.10.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Endoscopes Market, By End-Use
9.1. Endoscopes Market, by End-Use, 2023-2032
9.1.1. Ambulatory Surgery Centers
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Hospitals
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Endoscopes Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2021-2032)
10.1.2. Market Revenue and Forecast, by Application (2021-2032)
10.1.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2021-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2021-2032)
10.1.4.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2021-2032)
10.1.5.2. Market Revenue and Forecast, by Application (2021-2032)
10.1.5.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2021-2032)
10.2.2. Market Revenue and Forecast, by Application (2021-2032)
10.2.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2021-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2021-2032)
10.2.4.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2021-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2021-2032)
10.2.5.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2021-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2021-2032)
10.2.6.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2021-2032)
10.2.7.2. Market Revenue and Forecast, by Application (2021-2032)
10.2.7.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2021-2032)
10.3.2. Market Revenue and Forecast, by Application (2021-2032)
10.3.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2021-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2021-2032)
10.3.4.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2021-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2021-2032)
10.3.5.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2021-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2021-2032)
10.3.6.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2021-2032)
10.3.7.2. Market Revenue and Forecast, by Application (2021-2032)
10.3.7.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2021-2032)
10.4.2. Market Revenue and Forecast, by Application (2021-2032)
10.4.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2021-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2021-2032)
10.4.4.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2021-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2021-2032)
10.4.5.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2021-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2021-2032)
10.4.6.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2021-2032)
10.4.7.2. Market Revenue and Forecast, by Application (2021-2032)
10.4.7.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2021-2032)
10.5.2. Market Revenue and Forecast, by Application (2021-2032)
10.5.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2021-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2021-2032)
10.5.4.3. Market Revenue and Forecast, by End-Use (2021-2032)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2021-2032)
10.5.5.2. Market Revenue and Forecast, by Application (2021-2032)
10.5.5.3. Market Revenue and Forecast, by End-Use (2021-2032)
Chapter 11. Company Profiles
11.1. Olympus Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Stryker Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Ethicon Endo-Surgery, Inc
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Covidien Plc
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Aesculap, IncBoston Scientific
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Arthrex, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Smiths Group
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Karl Storz
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Richard Wolf GmbH
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Hoya Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. ConMed
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Fujifilm Holdings Corporation
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
About Us
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