United States Endoscopy Devices Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Opportunity Companies Analysis

United States Endoscopy Devices Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Opportunity Companies Analysis

United States Endoscopy Device Market is expected to be valued at around US$ 17.41 Billion by 2030, according to Renub Research. Endoscopy devices are imperative in the global healthcare sector, revolutionizing diagnosis and treatment across various medical specialties. Their minimally invasive nature permits visual exams and intervention within inner organs, lowering patient pain and recovery times. In the United States, endoscopy usage is pervasive, with hundreds of thousands of processes executed annually for situations ranging from gastrointestinal issues to respiration illnesses. Advancements in technology, along with high-definition imaging and therapeutic skills, usually enhance the endoscope application. Their tremendous adoption underscores their importance in current healthcare, permitting precise diagnosis and centered interventions with minimal invasiveness.

United States Endoscopy Device Market is anticipated to undergo a CAGR of 6.06% during the forecast years (2024 to 2030)

The escalating occurrence of brain and spinal cord tumors in the United States is poised to propel an increase in the endoscopy device market. According to the information published by the American Cancer Society in 2023, about 24,810 malignant brain or spinal cord tumors are projected to be recognized in the United States. Endoscopes, with their minimally invasive competencies, offer essential advantages in diagnosing and treating those conditions. Surgeons increasingly rely upon endoscopic strategies for precise visualization and intervention in delicate neural structures. As the demand surges for advanced endoscopic techniques tailored to neurosurgical applications, the market for endoscopy devices is expected to increase appreciably, addressing the urgent healthcare needs related to brain and spinal cord tumors.

Technological improvements are poised to fuel the rise of the United States endoscopy tool market. Innovations, including high-definition imaging, miniaturization, and healing abilities, enhance the precision, performance, and versatility of endoscopic techniques. These advancements allow healthcare companies to perform complex diagnostic and therapeutic interventions with greater accuracy and patient comfort. As demand grows for a new endoscopic system that offers advanced visualization and remedy effects, the market is predicted to increase, pushed by the persistent evolution of cutting-edge technology in endoscopy. Hence, the United States endoscopy device market was US 11.53 Billion in 2023.

It is worth noting that government agencies increasingly help innovative thoughts that improve endoscope techniques and ensure they are infection-free. For example, in April 2022, the US FDA updated a safety communication on duodenoscopes, recommending that hospitals and endoscopy centers transition to new, modern designs to address concerns about reprocessing and patient cross-contamination. Further, businesses running in this market are driving a boom through various strategic projects, including product approvals, launches, partnerships, and acquisitions, all aimed toward expanding their endoscopy offerings.

Endoscopes are one of the primary device types used in endoscopy in the United States market

By product type, the United States endoscopy device market is fragmented into Endoscopes, Visualization & Documentation Systems, Mechanical Endoscopic Equipment, Accessories, and Other Endoscopy Equipment. Endoscopes represent one of the foremost product types in the United States endoscopy device market. This is due to their versatility and widespread application across clinical specialties. These devices enable minimally invasive visualization and intervention in various body cavities, which include the gastrointestinal tract, respiration system, and urinary tract. With non-stop technological improvements, endoscopes offer high-definition imaging, healing abilities, and more suitable maneuverability, making them indispensable for analysis and treatment. Their pivotal function in present-day healthcare drives sizable demand, cementing endoscopes as essential U.S. endoscopy device market additives.

Gastrointestinal endoscopy is one of the most commonly used applications in the US endoscopy device market

By application, the United States endoscopy device market is segmented into Bronchoscopy, Arthroscopy, Laparoscopy, Urology endoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Gynecology endoscopy, ENT endoscopy, and others. Gastrointestinal endoscopy has emerged as one of the most utilized applications in the United States endoscopy device market. With millions of processes conducted yearly, it is a cornerstone in diagnosing and treating digestive disorders like ulcers, polyps, and cancers. Endoscopic techniques provide unprecedented visualization and healing skills in the gastrointestinal tract, facilitating minimally invasive interventions and enhancing patient outcomes. As the need for particular diagnostic and healing processes continues to push upward, gastrointestinal endoscopy remains a primary cognizance, driving the increase in the U.S. endoscopy device market.

Single-use endoscopy devices are a significant segment of the United States market

By hygiene, the United States endoscopy device market is classified into Single Use, Reprocessing, and Sterilization. Single-use endoscopy devices are one of the considerable sections in the United States market. This is because of their inherent benefits in infection control, convenience, and cost-effectiveness. With a heightened emphasis on patient protection and lowering healthcare-associated infections, single-use devices provide a sterile, disposable alternative to conventional reusable systems. This eliminates the need for reprocessing, reducing the hazard of cross-contamination and streamlining workflow. Also, the cost efficiencies related to single-use devices attract healthcare centers looking to optimize operational efficiency while maintaining excessive care requirements.

Hospitals are among the major sectors in the endoscopy device market in the United States

By end-user, the United States endoscopy device market is categorized into Hospitals, Ambulatory Surgery Centers, and Others. Hospitals constitute one of the dominant segments in the United States endoscopy device market. This is attributed to their excessive patient magnitude and numerous medical specialties. Hospitals are primary customers of endoscopy devices. Endoscopic procedures, including gastroenterology, pulmonology, and urology, are routinely done throughout departments. The need for a superior endoscopic system to cater to varied clinical wishes solidifies hospitals' importance in the market.

California is one of the leading states in the United States endoscopy device market

By state, the United States endoscopy device market is divided into California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, New Jersey, Washington, North Carolina, Massachusetts, Virginia, Michigan, Maryland, Colorado, Tennessee, Indiana, Arizona, Minnesota, Wisconsin, Missouri, Connecticut, South Carolina, Oregon, Louisiana, Alabama, Kentucky, and the Rest of United States. California stands out as one of the most prevalent states in the United States endoscopy device market. This is due to its robust healthcare infrastructure, technological innovation, and huge population. Home to numerous main medical facilities and research establishments, California fosters conducive surroundings for adopting present-day endoscopy technologies. The area's various demographics and excessive healthcare spending also contribute to significant demand for endoscopic strategies and devices. With a dynamic healthcare landscape and emphasis on innovation, California is pivotal in driving increases and improvements within the U.S. endoscopy device market.

Key Players

The leading companies in the United States endoscopy device market are Johnson & Johnson, Stryker, Boston Scientific, CONMED, Medtronic Plc, Fujifilm Holdings., and Smith and Nephew.

In February 2023v- Boston Scientific Corporation received FDA approval for LithoVue Elite Single-Use Digital Flexible Ureteroscope System. It is one of the first systems to monitor intrarenal pressure in real time during ureteroscopy procedures.
In January 2023 - UC Davis Health opened a new, more spacious endoscopy suite in the United States that features advanced technology and integrated care to accommodate the growing volume of endoscopy procedures.

Product Type – United States Endoscopy Devices Market breakup in 5 viewpoints:

1. Endoscopes
2. Visualization & Documentation Systems
3. Mechanical Endoscopic Equipment
4. Accessories
5. Other Endoscopy Equipment

Application – United States Endoscopy Devices Market breakup in 9 viewpoints:

1. Bronchoscopy
2. Arthroscopy
3. Laparoscopy
4. Urology endoscopy
5. Neuroendoscopy
6. Gastrointestinal endoscopy
7. Gynecology endoscopy
8. ENT endoscopy
9. Others

Hygiene – United States Endoscopy Devices Market breakup in 3 viewpoints:

1. Single Use
2. Reprocessing
3. Sterilization

End-User – United States Endoscopy Devices Market breakup in 3 viewpoints:

1. Hospitals
2. Ambulatory Surgery Centers
3. Others

States – United States Endoscopy Devices Market breakup in 29 viewpoints:

1. California
2. Texas
3. New York
4. Florida
5. Illinois
6. Pennsylvania
7. Ohio
8. Georgia
9. New Jersey
10. Washington
11. North Carolina
12. Massachusetts
13. Virginia
14. Michigan
15. Maryland
16. Colorado
17. Tennessee
18. Indiana
19. Arizona
20. Minnesota
21. Wisconsin
22. Missouri
23. Connecticut
24. South Carolina
25. Oregon
26. Louisiana
27. Alabama
28. Kentucky
29. the Rest of United States

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

1. Johnson & Johnson
2. Stryker
3. Boston Scientific
4. CONMED
5. Medtronic Plc
6. Fujifilm Holdings
7. Smith and Nephew