Endoscopy Equipment Market - Forecast(2024 - 2030)

Report Code: HCR 0563 Report Format: PDF + Excel

Endoscopy Equipment Market Overview

The Endoscopy Equipment Market size is estimated to reach $50 billion by 2030, growing at a CAGR of 7.1% during the forecast period 2024-2030. Endoscopes are one of the most common medical imaging tools used in the medical world. However, unlike other imaging devices, endoscopes are inserted directly into the organ by a doctor or surgeon. One end of the endoscope consists of a camera and light and the doctor is able to see the visual in real-time via a screen. Ultrasound endoscopes use sound waves instead of cameras to see detailed images of the bowel wall and nearby organs. Apart from imaging, these devices can also be used for placing endoscopic implants. The increase in the popularity of low-cost disposable endoscopes is anticipated to drive the market during the forecast period. A major trend is the use of AI in endoscopy equipment. Capitalizing on this trend, Fujifilm Medical Systems U.S.A. Inc., added artificial intelligence, high-tech image capture, and advanced data processing to accelerate innovations in its endoscopy portfolio. Another major trend will be robotic-assisted endoscopy. According to an article published in Digestive Endoscopy, developments in robotic-assisted endoscopy may provide further options in patients who cannot tolerate conventional endoscopy. 

Report Coverage

The report: “Endoscopy Equipment Market Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Endoscopy Equipment Market.

By Product Type: Endoscopes, Mechanical Endoscopy Equipment, Visualization Systems, Accessories, and Others.
By Application: Urology Endoscopy, Gastrointestinal Endoscopy, Arthroscopy, Gynecology Endoscopy, Laparoscopy, ENT Endoscopy, and Others.
By End User: Clinics, Hospitals, Ambulatory Surgery Centers, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (the Middle East and Africa)

Key Takeaways

  • Geographically, the North American Endoscopy Equipment market accounted for the largest share in 2023 owing to an increase in the demand and popularity of minimally invasive surgical procedures.
  • An increase in age-related illnesses and cancer cases globally is anticipated to drive the market during the forecast period. 

Endoscopy Equipment Market Segment Analysis-By Application

Based on application, the Gastrointestinal Endoscopy segment accounted for the largest share of the market in 2023. It is also anticipated to be the fastest-growing segment during the forecast period 2024-2030 at a CAGR of 7.5% owing to the global increase in age-related gastrointestinal disorders. Gastrointestinal Endoscopy is used to diagnose diseases such as celiac disease, ulcers, gastroesophageal reflux disease, inflammation, gastritis, and various cancers. According to a Springer article, over 17.7 million gastrointestinal endoscopic procedures are performed annually, contributing to 68% of all endoscopic procedures in the United States. Apart from diagnosis, Gastrointestinal Endoscopy can also be used to treat bleeding ulcers, dilate blocked structures, remove polyps, and place feeding and drainage tubes in the gastrointestinal tract. 

Endoscopy Equipment Market Segment Analysis-By End User

Based on End User, the Hospitals segment held the largest share of the Endoscopy Equipment Market in 2023 owing to the growth in the popularity of endoscopic surgeries. The minimal invasiveness of endoscopic surgeries results in lowered surgery-related blood loss, reduced scarring, faster recovery, and less need for pain-relieving medication after surgery. Traditional surgical procedures require a longer time and cause much more trauma for the patient. This makes hospital endoscopic surgeries a more attractive option. Moreover, an increase in government funding towards healthcare in major developing regions is another key factor for the segment growth. In November 2023, the Odisha State government announced it will invest $40 million over the next five years for strengthening the public health system in the Indian state under a new scheme.

Endoscopy Equipment Segment Analysis-By Geography

The North American segment is projected to dominate the Endoscopy Equipment market with a market share of 42% in 2023 owing to the presence of highly developed healthcare infrastructure, adoption of advanced technologies, high patient awareness levels, and growing geriatric population in the region. Healthcare spending in the United States is rising, according to recent projections from the Centers for Medicare & Medicaid Services (CMS). National health expenditures are projected to climb from $4.4 trillion in 2022 to $7.2 trillion in 2031. Moreover, the surge in gastrointestinal and abdominal diseases, and high obesity rates in the region, are contributing to the growth. The CDC predicts the total number of cancer cases in the U.S. will increase by nearly 50% by 2050 as a result of population growth and aging. This will create a greater need for new diagnostic technologies in the field of endoscopy.

Endoscopy Equipment Market Drivers

Increase in Geriatric Population is Projected to Drive Market Growth

The geriatric population is predicted to reach 16% by 2050. US, Canada, Europe, India, and China are some regions where the geriatric population's growth is anticipated to witness rapid surges during the forecast period. For instance, with the decadal growth rate of the elderly population of India currently estimated to be at 41%, and the percentage of elderly population in the country projected to double to over 20% of total population by 2050, the United Nations Population Fund, India (UNFPA) in its 2023 India Ageing Report has said that by 2046 it is likely that elderly population will have surpassed the population of children (aged 0 to 15 years) in the country. The risk of diseases and disorders such as ulcers, cancers, gastrointestinal blockages, polyp growth, increases with age. Endoscopy is preferred for diagnosing and treating such illnesses over traditional surgery as it is less invasive and relatively painless for the patient.

Rise in Obesity Rates and Bariatric Surgeries is Anticipated to Boost Product Demand

Owing to the growth in global disposable income and urbanization, more people are following a sedentary lifestyle. This is causing an increase in obesity rates, especially in developed regions such as North America and Europe. Obesity is becoming more prevalent in a growing number of states in the U.S., according to new data from the Centers for Disease Control and Prevention. In 2022, 22 U.S. states had at least 35% of adults with obesity. This is causing the growth in the popularity of bariatric surgical procedures. Approximately 279,000 bariatric surgeries were performed in the US alone in 2022. This is driving the market for Endoscopy Equipment as doctors use it before and during the surgical procedure. Endoscopy is performed before bariatric surgery to check the gastrointestinal tract for any abnormalities, and laparoscopes are used during the surgical procedure.

Endoscopy Equipment Market Challenges

The Increase in Risk of Infections from Endoscopy is Anticipated to Hamper Market Growth
The risk of infections and complications for the patient after endoscopy is a major challenge for the Endoscopy Equipment market. Even though most infections after endoscopy can be treated with antibiotics, several of the bacteria and viruses present in hospital environments are drug-resistant. This is projected to be a significant challenge for growth. However, this can be overcome by the use of single-use disposable endoscopes. Endoscopy also poses the risk of perforation of the stomach or esophagus lining during the procedure leading to excessive internal bleeding.


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Endoscopy Equipment Market Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Endoscopy Equipment Market. Top 10 companies in of the industry include:

  1. Boston Scientific Corporation
  2. Olympus Corporation
  3. Karl Storz SE & Co. KG
  4. Fujifilm Holdings Corporation
  5. Richard Wolf GmbH
  6. Stryker Corporation
  7. Medtronic Inc.
  8. Smith & Nephew plc
  9. B. Braun Melsungen AG
  10. HOYA Corporation

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1. Endoscopy Equipment Market - Overview
    1.1 Definitions and Scope
2. Endoscopy Equipment Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by End User
    2.5 Key trends by Geography
3. Endoscopy Equipment Market – Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis – Average Selling Price
4. Endoscopy Equipment Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Endoscopy Equipment Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Endoscopy Equipment Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Endoscopy Equipment Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Endoscopy Equipment Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Endoscopes
    8.2 Mechanical Endoscopy Equipment
    8.3 Visualization Systems
    8.4 Accessories
    8.5 Others
9. Endoscopy Equipment Market – By Application (Market Size –$Million/$Billion)
    9.1 Urology Endoscopy
    9.2 Gastrointestinal Endoscopy
    9.3 Arthroscopy
    9.4 Gynecology Endoscopy
    9.5 Laparoscopy
    9.6 ENT Endoscopy
    9.7 Others.
10. Endoscopy Equipment Market - By End User (Market Size –$Million/$Billion)
    10.1 Hospitals
    10.2 Clinics
    10.3 Ambulatory Surgical Centers
    10.4 Others
11. Endoscopy Equipment Market - By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Endoscopy Equipment Market - Entropy
13. Endoscopy Equipment Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Endoscopy Equipment Market – Key Company List by Country Premium Premium
15. Endoscopy Equipment Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best-efforts basis”.