Endoscopy Devices Market Size, Share, and Trends 2024 to 2034

Endoscopy Devices Market Size and Growth

The global endoscopy devices market size was estimated at USD 52.75 billion in 2023 and it is predicted to hit USD 104.74 billion by 2033, expanding growth at a CAGR of 7.1% during the forecast period from 2024 to 2033.

Endoscopy Devices Market Key Takeaway

• By product, the endoscopy visualization systems segment has held a 37% revenue share in 2023.
• By end user, the hospitals segment has accounted 48% revenue share in 2023.
• By application, the gastrointestinal (GI) endoscopy segment has captured a revenue share of around 55.2% in 2023.
• The urology endoscopy application segment is growing at a strong rate.
• The North America region has generated a revenue share of around 43% in 2023.
• The Asia Pacific region is poised to grow at a CAGR of 6.9% between 2024 to 2033.

Endoscopy Devices Market Size in the U.S. 2024 to 2033

The U.S. endoscopy devices market size was estimated at USD 15.88 billion in 2023 and is predicted to be worth around USD 33.45 billion by 2033, at a CAGR of 7.73% from 2024 to 2033.

In 2023, North America accounted for the largest revenue share 43% owing to increase in preference for minimally invasive surgeries, rise in the prevalence of diseases such as colon & bladder cancers, and increase in geriatric population. Additionally, rising adoption of robot-assisted endoscopes used for surgical and diagnostic procedures is further positively influencing the market growth in the region. However, the Asia Pacific anticipated as the most opportunistic region during the forecast period. Increasing economies of China and India estimated to be the significant contributors for the market growth in this region.

The Asia Pacific region is projected to witness strong growth over the forecast period 2024 to 2033.

Endoscopy Devices Market Size in Europe 2023 to 2033

The Europe endoscopy devices market size was calculated at USD 14.77 billion in 2023 and is projected to expand around USD 30.90 billion by 2033, poised to grow at a CAGR of 7.66% from 2024 to 2033.

Endoscopy Devices Market Growth Factors

Rise in preference for minimally invasive endoscopic procedures along with an increase global geriatric population are the key factors boosting the demand for endoscopy devices. The market for endoscopes is also being driven by a surge in the prevalence of urological, gastrointestinal, respiratory, and gynecological disorders that requires endoscopic procedures for proper treatment &diagnosis. An increase in the adoption of endoscopes as well as visualization systems in healthcare industry coupled with the technological advancements in the similar field further aids to the growth of the market.

In addition, proliferation in the prevalence of age-related problems together with increase in demand for endoscopy devices in therapeutic & diagnostic procedures is the other important factor that propels the market growth. Implementation of such devices in treatment and diagnosis of health problems is necessary as it allows minimal intervention that further results in shorter recovery time.

Geriatric population is the most common group prone to medical problems that require endoscopic procedures such as gall stones, intestinal perforation, endometriosis, pelvic abscess, and liver abscess. According to a research conducted by Population Reference Bureau, in 2018, there were nearly 52 Million people with age 65 years or above in the United States and projected to cross the number of 95 Million by 2060. The aforementioned factor anticipated to boost the need for endoscopic procedures, thereby escalating the demand for endoscopy devices during the forecast period.

Endoscopy Devices Market Scope

Product Insights

Endoscopy visualization systems captured the highest value share 37% in the year 2023. This is attributed to the rising preference for high definition (HD) visualization system by medical professionals, as it helps in treatment &diagnosis of complex diseases that include GI disorders, cancer, urinary disorders, and lung disorders during minimally invasive surgical procedures. Presently, manufacturers offer HD visualization systems that are capable of switching images from 3D to 2D and vice versa also impact positively on the market growth of segment.

The endoscopes segment projected to exhibits lucrative growth rate of nearly 9.5% over the analysis period. Flexible endoscopes dominated the segment with the highest value share in 2023 due to rising preference of safety, better ergonomics, and efficacy over rigid endoscopes. However, endoscopy visualization components register notable growth over the forecast period, wherein HD monitors accounted for the largest value in 2023.

End-use Insights

Hospitals segment encountered to be the largest end-user in the year 2023, as it is the primary health center in majority of countries. Further, the total number of endoscopic surgeries takes place at hospitals is comparatively higher than other healthcare systems, such as specialty clinics or ambulatory surgical centers (ASCs). Consequently, the demand of endoscopy devices at hospitals is higher compared to other end-use segments. Furthermore, the segment expected to maintain its dominance in the forthcoming years owing to rising investment from governments of various regions for the development of hospitals. This subsequently predicted to boost the demand for endoscopy devices in the coming years.

Key Companies & Market Share Insights

The global endoscopy devices market seeks intense competition among the market players. This is mainly because of adoption of various inorganic growth strategies by the industry participants such as merger & acquisition, regional expansion, new product launch & approval.

Various renowned participants in the endoscopy devices market include:

• Ethicon Endo-Surgery, LLC
• Olympus Corporation
• Stryker Corporation
• Boston Scientific Corporation
• Fujifilm Holdings Corporation
• Smith & Nephew Inc.
• Karl Storz GmbH & Co. KG
• Richard Wolf GmbH
• PENTAX Medical
• Medtronic Plc (Covidien)
• Machida Endoscope Co., Ltd.

Segments Covered in the Report

By Product

• Endoscopes
  • Flexible Endoscopes
    • Colonoscopes
    • Upper Gastrointestinal Endoscopes
    • Sigmoidoscopes
    • Bronchoscopes
    • Pharyngoscopes
    • Laryngoscopes
    • Nasopharyngoscopes
    • Duodenoscopes
    • Rhinoscopes
    • Other Flexible Endoscopes
  • Rigid Endoscopes
    • Arthroscopes
    • Laparoscopes
    • Cystoscopes
    • Urology Endoscopes
    • Neuroendoscopes
    • Gynecology Endoscopes
    • Other Rigid Endoscopes
  • Disposable Endoscopes
  • Capsule Endoscopes
  • Robot Assisted Endoscope
• Endoscopy Visualization Systems
  • High Definition (HD) Visualization Systems
    • 3D Systems
    • 2D Systems
  • Standard Definition (SD) Visualization Systems
    • 3D Systems
    • 2D Systems
  • Ultrasound Devices
• Endoscopy Visualization Components
  • Insufflators
  • Camera Heads
  • High-definition Monitors
  • Light Sources
  • Video Processors
  • Suction Pumps
• Operative Devices
  • Access Devices
  • Energy Systems
  • Hand Instruments
  • Suction & Irrigation Systems
  • Snares
  • Wound Retractors

By Application

• Urology Endoscopy
• Gastrointestinal (GI) Endoscopy
• Obstetrics Endoscopy
• Laryngoscopy
• Laparoscopy
• Bronchoscopy
• Arthroscopy
• Otoscopy
• Mediastinoscopy
• Other Applications

By Hygiene

• Single-Use
• Reprocessing
• Sterilization

By End-Use

• Ambulatory Surgical Centers
• Hospitals
• Other End-uses

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World