Endoscopy Devices Market Size, Share, & Trends Analysis Report By Product (Endoscopes, Endoscopy Visualization Systems, Endoscopy Visualization Components, Operative Devices), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Endoscopy Devices Market Size, Share, & Trends Analysis Report By Product (Endoscopes, Endoscopy Visualization Systems, Endoscopy Visualization Components, Operative Devices), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Endoscopy Devices Market Growth & Trends

The global endoscopy devices market size is expected to reach USD 76.41 billion by 2030, registering a CAGR of 3.58% from 2024 to 2030, according to a new report by Grand View Research, Inc. Healthcare systems worldwide are increasingly incorporating endoscopic procedures into their cancer management protocols for early detection & treatment of cancer to improve survival rates. This trend and the rising global cancer burden are expected to boost the demand for endoscopes, driving market growth. Moreover, manufacturers in the market are continuously innovating and expanding their endoscope product lines to meet the growing clinical needs, aiming to equip them with the most advanced technology for effective cancer treatment.

The demand for disposable endoscopes is growing due to the rising concerns regarding cross-contamination risks associated with reusable endoscopes. This growing focus on patient safety has increased innovation and regulatory actions aimed at enhancing the availability & quality of disposable endoscopes. For instance, in August 2021, Boston Scientific’s EXALT Model B Bronchoscope received 510(k) clearance from the FDA. This single-use bronchoscope is designed for bedside procedures in Intensive Care Units (ICUs) and Operating Rooms (ORs), addressing the need for safer alternatives to reusable devices. With over 1.2 million bedside procedures in ICU & OR settings involving the use of bronchoscopes being performed annually in the U.S., the introduction of such disposable devices is expected to significantly impact market dynamics.

Rapid technological advancements in disposable endoscopes improved the quality of the processed image, enhanced patient safety, and improved workflow management throughout the procedure. For instance, in July 2024, Integrated Endoscopy, a medical device company, introduced its advanced Nuvis Wireless Camera System. It offers health centers and surgeons next-generation wireless communication at a cost below that of traditional corded cameras.

Some of the key players in the market are Olympus Corporation, Boston Scientific Corporation, PENTAX Medical (Hoya Corporation), FUJIFILM Holdings Corporation, Karl Storz GmbH & Co., KG, Stryker, Medtronic, Ambu A/S, and STERIS plc. Players are adopting key strategic initiatives to expand their business footprint and grow their clientele. For instance, in August 2024, the medical technology innovator Ainex Corporation unveiled its advanced Endoscopy AI system, ENAD, at the Combined GIHEP & Singapore Hepatology Conference 2024. The Endoscopy as AI-powered Device (ENAD) is designed for the upper and lower GI tract. It employs advanced algorithms and machine learning to assist healthcare professionals in precisely identifying & diagnosing conditions such as polyps, cancers, and other abnormalities.

Endoscopy Devices Market Report Highlights

• Based on product, the endoscopes segment held the highest revenue share of 40.2% of the market in 2023. Growing awareness and rising adoption rate of endoscopes across various diagnostic and therapeutic procedures are driving the market growth of endoscopes
• Based on end use, the outpatient facilities segment dominated the market in 2023 owing to the growing preference for minimally invasive procedures to lower overall cost and reduce the number of days of hospital stays which in turn is anticipated to drive the growth of the segment
• North America dominated the global market owing to the increasing adoption of advanced endoscopy devices and the high availability of modern healthcare facilities performing minimally invasive surgical procedures

Please note The report will be delivered in 2-3 business days upon order notification.