Endoscopy Devices Market By Product (Endoscope, Mechanical Endoscopic Equipment, Visualization and Documentation Systems, Accessories, Others), By Hygiene (Single-use, Reprocessing, Sterilization), By Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology endoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Gynecology endoscopy, ENT endoscopy, Others), By End User (Hospitals, Ambulatory Surgery Centers and Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The endoscopy devices market was valued for $28,068.79 million in 2022 and is estimated to reach $44,096.88 million by 2032, exhibiting a CAGR of 4.6% from 2023 to 2032. Endoscopy is a minimally invasive medical procedure used for diagnosis, prevention, and treatment of complications in visceral organs. Endoscopic devices are either inserted into the body through natural openings or cavities (such as anus and mouth) or through incisions, especially in the case of arthroscopy. Endoscopy devices are equipped with several other parts such as camera or light source at the tip to help physicians or medical professionals (endoscopists) to analyze internal organs of interest.
Endoscopy is used to evaluate various conditions such as stomach pain, ulcers, gastritis, digestive tract bleeding, cancerous growth in colon, and changes in bowel habits. Moreover, endoscopy is categorized based on areas of body that are investigated such as knee & joints (arthroscopy), lungs (bronchoscopy), colon (colonoscopy), abdominal & pelvic areas (laparoscopy), and others. Increase in incidences of targeted diseases such as colon cancer and gastrointestinal disorders propels the demand for endoscopic devices.
The rise in technological advancements and increase in prevalence rate of diseases that necessitate the use of endoscopy devices drive the market growth. The continuous evolution of technology has led to the development of more sophisticated and efficient endoscopy devices, which in turn fuel their demand in the market. Moreover, the preference of patients for minimally invasive surgeries plays a crucial role in boosting the market growth. Endoscopy procedures offer several benefits, including smaller incisions, reduced pain, and quicker recovery times, which have garnered widespread patient acceptance.
Furthermore, favorable regulatory approvals and the presence of reimbursement policies in developed economies facilitate market growth by ensuring greater accessibility to these devices. However, lack of trained physicians & endoscopists, side effects of endoscopy, and high costs associated with endoscopy devices are factors expected to hamper the market growth. On the contrary, unmet medical demands in developing countries are expected to create immense opportunities for endoscopy devices manufacturers globally in the future.
The endoscopy devices market is segmented on the basis of product, hygiene, application, end user, and region. On the basis of product, the market is categorized into endoscope, mechanical endoscopic equipment, visualization and documentation systems, accessories, and other endoscopy equipment. The endoscope segment is further classified into rigid endoscope, flexible endoscope, capsule endoscope, and robot-assisted endoscope. The rigid endoscope segment is further divided into laparoscopes, urology endoscope, gynecology endoscope, arthroscopes, cystoscopes, neuroendoscope, and other rigid endoscopes. The flexible endoscope segment is further divided into GI endoscope, ENT endoscope, bronchoscope, and others. The GI Endoscope is further segmented into Gastroscope, Colonoscope, Sigmoidoscope, Duodenoscope, and others. The ENT endoscope is further segmented into Nasopharyngoscope, Otoscope, Rhinoscope, Laryngoscope, and others.
The mechanical endoscopic equipment is further segmented by devices and by therapeutics. The mechanical endoscopic equipment, by devices is further divided into endoscopic implants, trocars, graspers, snares, biopsy forceps, and others. The mechanical endoscopic equipment, by therapeutics is further classified into biopsy (FNA and FNB), polypectomy (ESD and EMR), biliary stone management & drainage, hemostasis & suturing, esophageal & colon stricture management, gastroesophageal reflux disease (GERD) and obesity, and others.
The visualization & documentation systems segment is further categorized into Light sources, camera heads, wireless display & monitors, endoscopy cameras, carts, digital documentation systems, video processors & video convertors, transmitters & receivers, and others.
The accessories segment is further divided into biopsy valves, overtubes, mouth pieces, surgical dissectors, needle holders & needle forceps, cleaning brushes, light cables, and other accessories. The other endoscopy equipment is further fragmented into insufflators, endoscopy fluid management systems, and other electronic endoscopy equipment.
On the basis of hygiene, the market is segmented into single use, reprocessing and sterilization. On the basis of application, it is classified into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, gynecology endoscopy, ENT endoscopy, and others. By end user, it is segmented into hospitals, ambulatory surgery centers & clinics, and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report provides a comprehensive analysis of the key players that operate in the global endoscopy devices market such as HOYA Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, CONMED Corporation, Medtronic Plc, Karl Storz GmbH & Co. KG, Richard Wolf GmbH, Smith & Nephew, Plc, Johnson & Johnson, and Intuitive Surgical, Inc.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the endoscopy devices market analysis from 2022 to 2032 to identify the prevailing endoscopy devices market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the endoscopy devices market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global endoscopy devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy HygieneSingle-use
Reprocessing
Sterilization
By ProductAccessories
Type
Biopsy valves
Overtubes
Mouth pieces
Surgical dissectors
Needle holders and needle forceps
Cleaning brushes
Light cables
Others
Others
Type
Insufflators
Endoscopy fluid management systems
Others
Endoscope
Type
Rigid Endoscope
◦ Type
Flexible Endoscope
◦ Type
Capsule Endoscope
Robot-Assisted Endoscope
Mechanical Endoscopic Equipment
Devices
Endoscopic implants
Trocars
Graspers
Snares
Biopsy forceps
Others
Therapeutic Procedure
Biopsy
Polypectomy
Biliary Stone Management and Drainage
Hemostasis and Suturing
Esophageal and Colon Stricture Management
Gastroesophageal Reflux Disease and Obesity
Others
Visualization and Documentation Systems
Type
Light sources
Camera heads
Wireless display and monitors
Endoscopy cameras
Carts
Digital documentation systems
Video processors and video convertors
Transmitters and receivers
Others
By ApplicationBronchoscopy
Arthroscopy
Laparoscopy
Urology endoscopy
Neuroendoscopy
Gastrointestinal endoscopy
Gynecology endoscopy
ENT endoscopy
Others
By End UserHospitals
Ambulatory Surgery Centers and Clinics
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
Japan
China
Australia
South Korea
India
Taiwan
Malaysia
Singapore
Vietnam
Philippines
Thailand
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Turkey
Chile
Colombia
Rest of LAMEA
Key Market Players
Boston Scientific Corporation
CONMED Corporation.
FUJIFILM Holdings Corporation
HOYA Corporation
Intuitive Surgical, Inc.
Johnson & Johnson
KARL STORZ GmbH & Co. KG
Medtronic plc
Olympus Corporation
Richard Wolf GmbH
Smith and Nephew plc.
Stryker Corporation.
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