Endoscopy Equipment Market Analysis and Forecast to 2032: By Product (Endoscope, Visualization System, Other Equipment, Accessories), Application (Gastrointestinal Endoscopy, Laparoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology Endoscopy, Br

Endoscopy Equipment Market Analysis and Forecast to 2032: By Product (Endoscope, Visualization System, Other Equipment, Accessories), Application (Gastrointestinal Endoscopy, Laparoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology Endoscopy, Bronchoscopy, ENT Endoscopy, Mediastinoscopy, Others), End-user (Hospitals, Ambulatory Surgery Centers/Clinics, Others), and Region

The global endoscopy equipment market was valued at USD 27.6 billion in 2022 and it is anticipated to grow up to USD 56.8 billion by 2032, at a CAGR of 7.5% during the forecast period.

One of the most popular medical imaging devices in use today is the endoscope. Endoscopes are introduced by a physician or surgeon right into the organ, in contrast to conventional imaging tools. The endoscope has a camera and light on one end, which the doctor can use to view the visual in real time on a screen. To view detailed images of the intestinal wall and surrounding organs, ultrasound endoscopes use sound waves rather than cameras. These tools are also useful for inserting endoscopic implants in addition to imaging.

Global Endoscopy Equipment Market Scope and Report Scope

Market Trends and Drivers

Endoscopy operations are minimally invasive surgical procedures that involve the use of small tubes, miniature cameras, and surgical tools through one or more small incisions. The main benefits of endoscopic procedures include less pain, a shorter or no hospital stay, or fewer difficulties with pre- and post-surgery treatment. Because of this, these operations are more affordable, more successful, and safer than conventional open surgeries. Additionally, health insurance companies in wealthy nations including the United States, Canada, the United Kingdom, Germany, Australia, and a few Middle Eastern nations like the United Arab Emirates cover these operations. These elements contribute to both patients' and doctors' strong preferences for endoscopic operations. In the US, there are roughly 11.0 million colonoscopies conducted annually, 6.1 million upper endoscopies, 313,000 flexible sigmoidoscopies, 178,400 upper endoscopic ultrasonography exams, and 169,500 Endoscope Reprocessing procedures.

Market Restraints and Challenges

To efficiently perform endoscopic treatments and stop the spread of infections in endoscopy facilities, trained experts are needed. Numerous endoscopy procedures performed annually around the world are predicted to suffer from the shortage of competent endoscopy doctors and nurses in important places. A few industry participants, including Olympus, have set up training facilities to address this issue. The business operates 22 endoscopic training facilities in Asia alone. Such activities will raise knowledge of the most recent developments in endoscopy technology and boost the pool of qualified endoscopic experts.

Global Endoscopy Equipment Market Segmental Overview

The report analyses global endoscopy equipment market based on product, application, end user, and region.

Global Endoscopy Equipment Market by Product

Based on product, it is segmented into the endoscope, visualization system, other endoscope equipment, and accessories. The endoscope segment is likely to account for the majority of the market share during the forecast period. The key factors attributing the growth of the market is higher adoption rate of these equipment coupled with rising preference of patients and doctors for minimally invasive procedures, and doctors for minimally invasive procedures, and ongoing advancements in endoscopy technologies.

Global Endoscopy Equipment Market by Application

Based on application, it is segmented into gastrointestinal endoscopy, laparoscopy, obstetrics/gynecology endoscopy, arthroscopy, urology endoscopy, bronchoscopy, ENT endoscopy, mediastinoscopy, and others. The gastrointestinal endoscopy segment is likely to dominate the market during the forecast period. The largest share of the segment is attributed to the increasing geriatric population in the US, China, Japan and India and the rising incidence of colorectal cancer in younger adults, which leads to growing awareness of the target population of CRC screening.

Global Endoscopy Equipment Market by End User

Based on end user, it is segmented into hospitals, ambulatory surgery centers/clinics, and others. The hospital segment is likely to dominate the endoscopy equipment market during the forecast period. The growing adoption of endoscope equipment in hospitals coupled with increasing government and private funding in the healthcare sector, as well as the greater availability of skilled healthcare professionals and technologically advanced facilities are boosting the growth of the market.

Geographical Analysis of Global Endoscopy Equipment Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is accounted for the majority of market share during the forecast period. The largest share of the region is primarily attributed to the favorable reimbursement policies for endoscopic procedures in the US, increased prominence of cancer, high investment by hospitals to purchase new endoscopic equipment, strong focus on research activities to improve endoscopy technique as well as the implementation of a new funding model by Canadian hospitals.

Major Players in the Global Endoscopy Equipment Market

The key players in the market are Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Stryker Corporation (US), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Fujifilm Holdings Corporation (Japan), Medtronic Inc. (Ireland), Hoya Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew Plc (UK), Richard Wolf GmbH (Germany), ConMed Corporation (US), Intuitive Surgical, Inc. (US), Cook Medical (US), Ambu A/S (Denmark), CapsoVision, Inc. (US), Fortimedix Surgical B.V. (Netherlands), B. Braun Melsungen AG (Germany), Medi-Globe (Germany), The Cooper Companies, Inc. (US), Dantschke Medizintechnik (Germany), Laborie Medical Technologies Inc. (Canada), Teleflex Incorporated (US), Cantel Medical Corp. (US), Carl Zeiss AG (Germany), and Arthrex, Inc. (US), among others.

COVID-19 Impact

A worldwide emergency has been caused by the COVID-19 pandemic. The risk of COVID-19 infection is higher for surgeons and patients who visit hospitals for various procedures. All elective procedures in Germany were either cancelled or postponed because hospitals there are overflowing with COVID-19 cases. Major hospitals in Germany had to postpone between 40 and 50 percent of their endoscopic treatments. In the second and third quarters of 2020, endoscopic equipment sales decreased.

Contrary to autoclavable endoscopes, disposable endoscope sales have increased as fewer hospitals and clinics are able to follow and put into practise the exacting COVID-19 guidelines proposed by the German Respiratory Society (Deutsche Gesellschaft für Pneumologie und Beatmungsmedizin or DGP) and the European Society for Gastrointestinal Endoscopy (ESGE). To reduce the danger of infection, it is advised to employ personal protective equipment, negative pressure suites, and ward isolation.

Recent Developments

• February 2021, Olympus Corporation launched the SIF-H190 single balloon enteroscopy solution to reach deep into the small intestine.
• June 2021, Johnson & Johnson has launched the ENSEAL X1 curved Jaw Tissue Sealer, an advanced bipolar energy device that increases procedural efficiency and provides stronger sealing and better access to more tissues.
• April 2021, Medtronic Plc, has launched the GI Genius Intelligent endoscopy module in the United States.
• June 2021, Smith & Nephew, has launched the Real Intelligence suite of enabling technology solutions, which includes the next-generation robotics platform and the CORI surgical system, in Australia and New Zealand.

 Report Coverage:

•  The report offers a comprehensive quantitative as well as qualitative analysis of the current Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
•  The report also covers qualitative as well as quantitative analysis of Market in terms of revenue ($Million).
•  Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the industry.
•  A thorough analysis of market trends and restraints is provided.
• By region as well as country market analysis is also presented in this report.
•  Analytical depiction of the Market along with the current trends and future estimations to depict imminent investment pockets. The overall industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
•  Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Market are also analyzed

Frequently Asked Questions

Q1. How big is the Endoscope Reprocessing market?

Ans. The global Endoscope Reprocessing market size was USD 27.6 Billion in 2022 and is anticipated to reach USD 56.8 Billion in 2032, growing at a rate of 7.5% from 2023 to 2032.

Q2. What is the Endoscope Reprocessing market growth rate?

Ans. The growth rate of the Endoscope Reprocessing market is 7.5%.

Q3. Which region holds a major market share for the Endoscope Reprocessing market?

Ans. North America holds a major market share of the Endoscope Reprocessing market in 2022.

Q4. Which segment accounted for the largest Endoscope Reprocessing market share?

Ans. By end user, the hospitals segment accounted for the largest Endoscope Reprocessing market share.

Q5. Who are the key players in the Endoscope Reprocessing market?

Ans. The global Endoscope Reprocessing market report includes players such as Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Stryker Corporation (US), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Fujifilm Holdings Corporation (Japan), Medtronic Inc. (Ireland), Hoya Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew Plc (UK), Richard Wolf GmbH (Germany), ConMed Corporation (US), Intuitive Surgical, Inc. (US), Cook Medical (US), Ambu A/S (Denmark), CapsoVision, Inc. (US), Fortimedix Surgical B.V. (Netherlands), B. Braun Melsungen AG (Germany), Medi-Globe (Germany), The Cooper Companies, Inc. (US), Dantschke Medizintechnik (Germany), Laborie Medical Technologies Inc. (Canada), Teleflex Incorporated (US), Cantel Medical Corp. (US), Carl Zeiss AG (Germany), and Arthrex, Inc. (US), among others.

Q6. What are the factors driving the Endoscope Reprocessing market growth?

Ans. The major factors driving the growth of the market are the increasing preference for minimally invasive surgeries.

Q7. What are the key growth strategies of Endoscope Reprocessing market players?

Ans. The key growth strategies of Endoscope Reprocessing market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Endoscope Reprocessing market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Endoscope Reprocessing market during the forecast period.

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