North America Endoscopy Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Capsules Endoscopes, Flexible Endoscopes, Rigid Endoscopes, Robot-assisted Endoscopes, Others); By Application; By End-Use; By Country; Segment Forecast, 202

North America Endoscopy Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Capsules Endoscopes, Flexible Endoscopes, Rigid Endoscopes, Robot-assisted Endoscopes, Others); By Application; By End-Use; By Country; Segment Forecast, 2024 - 2032

The North America Endoscopy Devices market size is expected to reach USD 13.23 Billion by 2032, according to a new study by Polaris Market Research. The report “North America Endoscopy Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Capsules Endoscopes, Flexible Endoscopes, Rigid Endoscopes, Robot-assisted Endoscopes, Others); By Application; By End-Use; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increased demand for endoscopic devices in North America is primarily due to the rising prevalence of chronic diseases as a result of lifestyle changes and the growing elderly population. In addition, according to a CDC report from 2021, arthritis is the leading cause of disability, affecting 58.5 million adults in the United States. The substantial drivers fostering market growth include a growing preference for minimally invasive surgeries, an increase in the use of endoscopy for both treatment and diagnosis, and continuous technological advancements.

Likewise, improvements in endoscopic technologies such as capsule endoscopy, robotic-assisted systems, and high-definition imaging are expected to improve endoscopists' diagnostic and treatment capabilities, driving growth of the market. The increased prevalence of brain and spinal cord tumors in North America is anticipated to be a major factor driving market expansion in the forecast period. Endoscopic procedures allow surgeons to reach the brain and spinal cord through small incisions or natural openings, reducing the need for more invasive surgical interventions.

For instance, according to data published by the Cancer Society America in January 2023, an estimated 24,810 cases of spinal cord tumors or malignant brain will be diagnosed in the United States by the end of 2023.

The increasing prevalence of brain and spinal cord tumors is expected to increase the demand for endoscopy devices, which allow surgeons to visualize and reach tumors located in deep or critical regions of the brain without requiring extensive craniotomy procedures.

The development of endoscopy device technologies such as laparoscopes, capsule endoscopes, and disposable endoscopes is propelling the endoscopy device market forward. Furthermore, the increase in pharmaceutical establishments in north america, government approvals, and the active participation of key industry players are all driving the growth of this market in the region.

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Robotic-assisted endoscopy is a significant advancement in medical technology, combining the precision of robotics with the diagnostic and therapeutic capabilities of endoscopic procedures. This novel approach improves the surgeon's ability to perform intricate tasks with greater accuracy and dexterity, ultimately improving patient outcomes. The system typically consists of a console from which the surgeon controls the robotic arms and a patient-side cart containing specialized robotic instruments. These instruments have an increased range of motion and mimic the surgeon's movements, resulting in a more stable and controlled environment for delicate procedures.

North America Endoscopy Devices Market Report Highlights

In 2023, the flexible endoscope segment accounted for the largest revenue share in the north america endoscopy devices market. The rising prevalence of chronic diseases such as inflammatory bowel disease (IBD), stomach cancer, colon cancer, respiratory infections, respiratory tumors, and other similar ailments necessitates the widespread use of endoscopes for diagnostic purposes in the north america. As a result, the increasing prevalence of these diseases necessitate the usage of flexible endoscopes.

The laparoscopy segment held the largest revenue share in the north america endoscopy devices market in 2023. In North America, surgeons frequently use laparoscopy for minimally invasive procedures such as cholecystectomy (gallbladder removal), appendectomy, and hernia repair. Endoscopy devices allow surgeons to see the surgical site and perform procedures through small incisions, which reduces patient recovery time and postoperative complications.

U.S. emerged as the dominant market in the north america endoscopy devices market. The anticipated increase in endoscopic procedures aimed at early detection of gastrointestinal and colorectal diseases will drive market growth in the coming years. Gastrointestinal stromal tumors most commonly begin in the rectum, colon, and esophagus. According to the American Cancer Society's (ACS) 2023 report, esophageal cancer is expected to affect approximately 21.5 thousand people this year, stomach cancer 26.5 thousand, and colorectal cancer 153 thousand in the United States. The high prevalence of these cancers is expected to increase demand for endoscopy devices in the country.

The key market players include Boston Scientific Corporation, Cook Medical Incorporated, Ethicon Endo-Surgery LLC., Fujifilm Holdings Corporation, Hoya Corporation, Karl Storz GmbH & Co. KG, Medtronic Plc (Covidien), Olympus Corporation, PENTAX Medical System, Richard Wolf GmbH, Smith & Nephew Inc., Stryker Corporation.

Polaris Market Research has segmented the North America Endoscopy Devices market report based on product, application, end-use, and country:

North America Endoscopy Devices, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Capsule Endoscopes

Flexible Endoscopes

Rigid Endoscopes

Robot-assisted Endoscopes

Others

North America Endoscopy Devices, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Laparoscopy

Gastrointestinal (GI) Endoscopy

Arthroscopy

Gynaecology Endoscopy

Urology Endoscopy

Bronchoscopy

Mediastinoscopy

Otoscopy

Others

North America Endoscopy Devices, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

Ambulatory Surgical Centers

Hospitals

North America Endoscopy Devices, Country Outlook (Revenue - USD Billion, 2019 - 2032)

U.S.

Canada