Endoscopy Equipment Market by Type (Accessories, Endoscopes, Visualization Systems), Indication (Arthroscopy, Bronchoscopy, Gastrointestinal Endoscopy), End-User - Global Forecast 2024-2030

Endoscopy Equipment Market by Type (Accessories, Endoscopes, Visualization Systems), Indication (Arthroscopy, Bronchoscopy, Gastrointestinal Endoscopy), End-User - Global Forecast 2024-2030

The Endoscopy Equipment Market size was estimated at USD 31.00 billion in 2023 and expected to reach USD 33.29 billion in 2024, at a CAGR 7.45% to reach USD 51.30 billion by 2030.

Endoscopy equipment refers to the sophisticated medical devices and tools used for endoscopic procedures, which involve inserting a long, thin tube directly into the patient's body to observe the functioning or behavior of an internal organ or tissue. It can also be used to perform surgical procedures with minimal incisions. This technology is pivotal for diagnostics, surgical interventions, and therapy across various medical specialties, including gastroenterology, gynecology, and urology. The rise in chronic conditions such as cancers, gastrointestinal diseases, and other internal disorders globally has led to a higher need for endoscopic procedures, as endoscopy is a key diagnostic and therapeutic tool for these ailments. There's a growing preference for minimally invasive surgeries over traditional surgical techniques because they offer benefits such as reduced hospital stays, quicker recovery times, and fewer post-operative complications. However, there's a significant requirement for skilled professionals to operate this sophisticated equipment, and the complexity of operating, handling, and working with endoscopy equipment creates hurdles for the growth and adoption of endoscopy equipment. Moreover, endoscopic procedures and equipment can pose risks such as infections, perforations, and bleeding, deterring some patients from opting for endoscopic procedures. However, key players are exploring the incorporation of artificial intelligence (AI) into endoscopic systems to advance and improve the performance, safety, and efficiency of endoscopy equipment. The development of portable and disposable endoscope models could make endoscopic procedures more accessible and reduce the risk of cross-contamination between patients.

Regional Insights

In the Americas, the United States and Canada represent significant markets for endoscopy equipment. The need is primarily driven by the high prevalence of chronic diseases, the adoption of advanced healthcare technologies, and substantial healthcare expenditure. The U.S. is a major contributor to the adoption and development of novel endoscopy equipment due to its strong emphasis on innovation and technological advancement. The market benefits from the presence of leading healthcare institutions and a robust research ecosystem. Recent initiatives include investments in robotic endoscopy and the development of AI-integrated diagnostic tools. The Asia Pacific region is witnessing rapid adoption of endoscopy equipment due to increasing healthcare expenditure, a rising prevalence of gastrointestinal diseases, and growing awareness of minimally invasive surgical procedures. Countries such as China, Japan, and India are at the forefront of this growth. China's need for endoscopy equipment is fueled by its expanding healthcare infrastructure and an aging population prone to chronic diseases. Recent patents in China have focused on advancements in endoscopic imaging and diagnostics, aiming to enhance precision and patient safety. The Japanese market is characterized by high adoption rates of advanced endoscopic techniques, such as capsule endoscopy. European landscape for endoscopy equipment benefits from strong healthcare systems and a high degree of regulatory support for medical devices. There is a strong focus on patient safety and the adoption of sustainable healthcare practices, which drives the need for innovative endoscopic solutions. Recent research has been centered around improving endoscopic efficacy and reducing procedural times. The Middle East, with countries such as the United Arab Emirates and Saudi Arabia, is investing heavily in healthcare infrastructure, which includes advanced diagnostic facilities.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Endoscopy Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing Preference for Minimally-Invasive Surgeries
Rising Prevalence of Chronic Diseases Globally and the need for Advanced Healthcare Infrastructure
Technology Advancements in Endoscopy Equipment

Market Restraints

High Cost, Lack of Knowledge, and Limited Availability of Skilled & Trained Physicians

Market Opportunities

Emergence of 3D Technology in Endoscopy and Robotic Endoscopy Devices
Surge in the Regulatory Approval for Endoscopy Equipment and Devices

Market Challenges

Concerns and Risks Associated with Endoscopy Procedures & Equipment

Market Segmentation Analysis

Type: Crucial role of endoscopes for conducting internal examinations and procedures and visualizing the body's internal environments
Indication: Substantial use of endoscopy equipment in gastrointestinal endoscopy for diagnosing and treating numerous conditions of the digestive system.

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Endoscopy Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Endoscopy Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Partnership Expansion Between Boston Scientific and Scivita Medical in Endoscopic Innovations

Boston Scientific and Scivita Medical have broadened their strategic partnership to foster advancements in endoscopic technology through collaborative development and global distribution initiatives. This enhanced cooperation includes plans for the joint development of endoscopic devices alongside potential distribution avenues for Scivita's innovative single-use endoscopes and imaging solutions.

Fujifilm India Introduces Novel ALOKA ARIETTA 850 for Enhanced Endoscopic Ultrasound Diagnosis

Fujifilm has unveiled the ALOKA ARIETTA 850 ultrasound system, primarily targeting the improved diagnosis of gastrointestinal ailments. This diagnostic tool aims to enhance precision and clarity in imaging for medical practitioners. The introduction of ALOKA ARIETTA 850 marks a pivotal step towards elevating the standards of gastrointestinal disease diagnosis within the region, ensuring a higher accuracy rate in patient care and treatment.

Olympus Unveils Next-Generation EVIS X1 Endoscopy System in China, Expanding Global Reach

Olympus Corporation, a player in medical technology, has announced the introduction of its advanced EVIS X1 endoscopy system in China. The EVIS X1 system is designed to enhance the diagnosis, treatment, and monitoring of gastrointestinal conditions, including acid reflux, ulcers, Crohn's disease, Celiac disease, and colorectal cancer. By incorporating innovative imaging technologies, the system aims to improve the visualization of gastrointestinal abnormalities, aiding in the early detection and removal of potentially cancerous polyps during colonoscopies.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Endoscopy Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Endoscopy Equipment Market, highlighting leading vendors and their innovative profiles. These include Ambu A/S, B. Braun SE, Boston Scientific Corporation, CapsoVision, Inc., Carl Zeiss AG, ConMed Corporation, Cook Group Inc., Dantschke Medizintechnik GmbH & Co. KG, Fortimedix Surgical B.V., Fujifilm Corporation, Hologic, Inc., Hoya Corporation, Johnson & Johnson Services, Inc., Karl Storz SE & Co. KG, Laborie Medical Technologies Corp., Medtronic PLC, Micro-Tech Endoscopy USA, Inc., Olympus Corporation, Ovesco Endoscopy AG, Richard Wolf GmbH, Scholly Fiberoptic GmbH, Smith & Nephew PLC, STERIS Corporation, Stryker Corporation, and Vimex Sp. z o.o..

Market Segmentation & Coverage

This research report categorizes the Endoscopy Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Accessories
Biopsy Valves
Cleaning Brushes
Fluid-Flushing Devices
Light Cables
Mouthpieces
Needle Forceps & Needle Holders
Overtubes
Surgical Dissectors
Endoscopes
Capsule Endoscopes
Flexible Endoscopes
Bronchoscopes
Colonoscopes
Duodenoscopes
Laryngoscopes
Nasopharyngoscopes
Pharyngoscopes
Rhinoscopes
Sigmoidoscopes
Upper Gastrointestinal Endoscopes
Rigid Endoscopes
Arthroscopes
Cystoscopes
Gynecology Endoscopes
Laparoscopes
Neuroendoscopes
Urology Endoscopes
Visualization Systems
Camera Heads
Endoscopic Light Sources
Transmitters & Receivers
Video Converters
Video Processors
Video Recorders
Wireless Displays & Monitors
Indication
Arthroscopy
Bronchoscopy
Gastrointestinal Endoscopy
Laparoscopy
Mediastinoscopy
Nasal Endoscopy
Obstetrics
Urology Endoscopy
End-User
Ambulatory Surgery Centers/Clinics
Diagnostic Centers
Hospitals & Care Providers
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year