Endoscopy Market by Product Type (Endoscope, Insufflator, Visualization System), Techniques (Fluorescence Endoscopy, Multimodality Endoscopic Imaging, Multiphoton Endoscopy), End-User, Application - Global Forecast 2024-2030

Endoscopy Market by Product Type (Endoscope, Insufflator, Visualization System), Techniques (Fluorescence Endoscopy, Multimodality Endoscopic Imaging, Multiphoton Endoscopy), End-User, Application - Global Forecast 2024-2030

The Endoscopy Market size was estimated at USD 32.62 billion in 2023 and expected to reach USD 35.06 billion in 2024, at a CAGR 7.62% to reach USD 54.56 billion by 2030.

Endoscopy is a medical procedure allowing doctors to access the inside of the body using an endoscope inserted into various openings of the body, such as the mouth, anus, nose, and small incisions, depending on the area to be examined. The surging incidence of chronic diseases, including gastrointestinal disorders, respiratory conditions, urological disorders, and cancer, elevates the need for endoscopic procedures in diagnosing, treating, and monitoring these conditions, leading to a higher demand for endoscopic devices and equipment. The global trend towards minimally invasive surgeries, due to their benefits, such as reduced trauma, faster recovery, shorter hospital stays, and improved patient outcomes, is expanding the adoption of endoscopy procedures. High initial investment and complex regulatory approvals & clearances are hampering the adoption of the endoscopy market. Innovations such as high-definition imaging, 3D visualization, artificial intelligence (AI)-assisted diagnostics, robotic-assisted endoscopy, and miniaturized instruments in endoscopy are expected to enhance the capabilities and precision of endoscopic procedures.

Regional Insights

The increasing awareness of advanced surgical procedures and favorable government initiatives in developing economies have impacted the enormous need for minimally invasive surgeries, creating a growing need for endoscopy in the Americas. The prevalence of chronic diseases across the Asia-Pacific region is developing a platform for less-invasive and rapid surgical methods, accelerating the need for endoscopy. The rising health expenditures across the developed economies with increasing requirements for minimally invasive surgeries have promoted the need for endoscopy in the EMEA region. Healthcare facilities are enhancing their existing facilities by incorporating endoscopic technologies to advance healthcare procedures. The majority presence of key market players with ongoing research and development (R&D) activities for new product development encourages the availability of novel endoscopic procedures in the EMEA region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Endoscopy 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

Rising prevalence of chronic dieases and improvements in healthcare infrastructure
Growing availability of funding and grants for the adoption of endoscopes
Increasing awareness of early detection of diseases through minimally invasive surgical procedures

Market Restraints

High cost of endoscopy procedures & equipment and limited reimbursement

Market Opportunities

Technological advancements and innovations in endoscopes
Increasing investments in endoscopy facilities

Market Challenges

Risk of infections associated with endoscopic procedures

Market Segmentation Analysis

Product Type: Significant penetration of endoscopic ultrasound
Techniques: Expanding applications of fluorescence endoscopy
End-User: Surge in number of endoscopic procedures in hospitals
Application: Proliferating use of endoscopic procedures to diagnose obstetrics & gynecology conditions

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 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 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

OMNIVISION Launches New OVMed Image Signal Processor for Up to 2MP Medical Endoscope Cameras

OMNIVISION, announced the release of its latest OVMed image signal processor (ISP), which is poised to significantly enhance the capabilities of medical endoscope cameras. The innovative ISP supports cameras with resolutions up to 2 megapixels, addressing the growing demand for high-quality images in medical diagnostics and procedures.

Olympus Announces Market Launch of EVIS X1 Endoscopy System

Olympus, announced the introduction of the EVIS X1, their newest endoscopy system. Designed to enhance outcomes for patients and improve workflow for medical professionals, the EVIS X1 demonstrates their commitment to pushing the boundaries of medical equipment technology.

Olympus Announces Plan to Establish Digital Excellence Centers Following Acquisition of Cloud-AI Endoscopy Startup Odin Vision

Olympus Corporation announced the plan to establish a series of Digital Excellence Centers (DECs) following the acquisition of London-based Odin Vision. The acquisition has strengthened Olympus' recently announced strategy in digital health and brought the promise of AI-powered real-time diagnosis and minimally invasive treatment of chronic diseases.

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 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 Market, highlighting leading vendors and their innovative profiles. These include 3NT Medical, Inc., Ambu Inc., AMNOTEC International Medical GmbH, B. Braun Melsungen AG, Becton, Dickinson and Company, Blazejewski MEDI-TECH GmbH, Boston Scientific Corporation, Carl Zeiss AG, Coloplast A/S, CONMED Corporation, Cook Group Incorporated, EndoMed Systems GmbH., Endoscan Limited, Fujifilm Holdings Corporation, GE Healthcare, Henke Sass Wolf Group, Hologic, Inc., Hoya Corporation, Innoview GmbH, IQ Endoscopes Limited, J-Sol Medical Co., Ltd., Johnson & Johnson Services, Inc., KARL STORZ SE & Co. KG, Machida Endoscope Co., Ltd, Medtronic PLC, Olympus Corporation, Pro Scope Systems, Richard Wolf GmbH, Smith & Nephew PLC, Stryker Corporation, and Teleflex Incorporated.

Market Segmentation & Coverage

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

Product Type
Endoscope
Capsule Endoscopes
Endoscopic Ultrasound
Flexible Endoscopes
Rigid Endoscopes
Robot-Assisted Endoscopes
Insufflator
Visualization System
Techniques
Fluorescence Endoscopy
Multimodality Endoscopic Imaging
Multiphoton Endoscopy
Photoacoustic Endoscopy
End-User
Ambulatory Surgery Centers & Clinics
Hospitals
Application
Arthroscopy
Bronchoscopy
ENT Endoscopy
Gastrointestinal Endoscopy
Laparoscopy
Obstetrics & Gynaecology
Pulmonary Endoscopy
Urology Endoscopy
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