Global Endoscopy Market Size, Trends, & Growth Opportunity, By Product, By End-Use, By Hygiene, By Application, By Region & Forecast till 2027.

Global Endoscopy Market Size, Trends, & Growth Opportunity, By Product, By End-Use, By Hygiene, By Application, By Region & forecast till 2027.

Global Endoscopy Market

Global Endoscopy Market was valued at $33.78billion in 2021 and would accelerate up to $43.82 billion at 2027 at a CAGR of 6.5% from 2022-2027.

An endoscopy is any medical operation that uses an endoscope of any kind. An endoscope is a type of optical device that consists of a thin, flexible tube with a camera and light at the end. For minimally invasive surgical procedures, these devices are put right into the organ or orifices. While a doctor examines an organ or body cavity for abnormalities, a medical equipment is used to diagnose or treat the patient. To identify and treat functional gastrointestinal problems, endoscopic techniques are frequently used. The stomach, oesophagus, and intestines are just a few of the parts of the gastrointestinal tract that can be impacted by functional gastrointestinal disorders.

Market Drivers

In the study period, it is predicted that the increase in the prevalence of chronic diseases will fuel the endoscopy market's expansion. Irritable Bowel Syndrome (IBS), functional constipation, and functional dyspepsia are just a few of the functional gastrointestinal illnesses that are predicted to become more common over the coming years, which will speed up the adoption of endoscopic equipment and fuel market expansion. In contrast to conventional gastric surgery, it is carried out through the patients' mouths using a flexible endoscope. Therefore, it is expected that over time, rising demand for minimally invasive endoscopic surgical operations will propel market expansion. The demand for endoscopes for early diagnosis and treatment is also being driven by the increasing burden of cancer on the world's population. Due to endoscopic technological improvements, the market for endoscopy devices worldwide is expected to grow significantly throughout the forecast period.

Market Restraints

The lack of qualified doctors and endoscopists in underdeveloped nations is one of the main issues limiting the market share for endoscopy. Resources for healthcare in developing and emerging countries are insufficient to ensure that everyone has access to the necessary medical care. Because of a lack of clinical workers with the necessary training, healthcare facilities are subpar. In addition, endoscopic equipment is rather pricey.

Impact of COVID-19

The COVID-19 pandemic caused a decline in endoscopic procedures, which hindered market expansion in 2020. Many endoscopic facilities have cancelled or delayed elective and semi-urgent treatments due to the risk of cross-contamination and the potential for SARS-CoV-2 transmission, which is preventing the industry from growing at this time. The disruption of the supply chain and the alteration of laws to stop the spread of illness are two other significant reasons that limited market expansion in 2020.

Market Segmentation

The Global Endoscopy Market is segmented into Product, End-Use, Hygiene, Application. By Product such as Endoscopes (Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Robot-Assisted Endoscopes), Visualization Systems, Endoscopic Ultrasound, Insufflator, Others. By End-Use such as Hospitals, Ambulatory Surgical Centers, Others. By Hygiene such as Single-use, Reprocessing, Sterilization. By Application such as Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, Gynecology Endoscopy, ENT Endoscopy, Others.

Regional Analysis

The Global Endoscopy Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2019, North America accounted for the largest share of the global market for endoscopy devices, thanks to the region's developed healthcare infrastructure, rapid adoption of cutting-edge technology, rise in the number of elderly people, and increased prevalence of gastrointestinal and abdominal diseases. Due to population growth, a rise in the frequency of chronic diseases, and improved healthcare facilities, Asia-Pacific is anticipated to see the highest CAGR during the projection period.

Key Players

Various Key Players are listed in this report such as Olympus Corp., PENTAX Medical, Ethicon US, LLC, FUJIFILM Holdings Corp., Stryker, Boston Scientific Corp., CONMED Corp., Karl Storz GmbH & Co.KG,

Richard Wolf Medical Instruments, Medtronic.

Market Taxonomy

By Product

• Endoscopes

Rigid Endoscopes

Flexible Endoscopes

Capsule Endoscopes

Robot-Assisted Endoscopes

• Visualization Systems
• Endoscopic Ultrasound
• Insufflator
• Others.

By End-Use

• Hospitals
• Ambulatory Surgical Centers
• Others

By Hygiene

• Single-use
• Reprocessing
• Sterilization.

By Application

• Bronchoscopy
• Arthroscopy
• Laparoscopy
• Urology Endoscopy
• Neuroendoscopy
• Gastrointestinal Endoscopy
• Gynecology Endoscopy
• ENT Endoscopy
• Others.

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa