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

Endoscopy Equipment Market Size and Growth 2024 to 2033

The global endoscopy equipment market was valued at USD 29.29 billion in 2023 and is expected to reach over USD 54.98 billion by 2033 with a registered CAGR of 6.5% from 2024 to 2033.

Endoscopy Equipment Market Key Takeaways

• North America led the global market with the highest market share of 26.64% in 2023.
• By product, the endoscopy visualization systems segment held the largest market share in 2023.
• By product, the endoscopes segment is expected to grow at a remarkable CAGR during the forecast period.
• By application, the gastrointestinal endoscopy segment captured the biggest revenue share in 2023.
• By application, the urology endoscopy segment is expected to expand at the fastest CAGR over the projected period.
• By end use, the hospitals segment registered the maximum market share in 2023.

U.S. Endoscopy Equipment Market Size and Growth 2024 to 2033

The U.S. endoscopy equipment market size was estimated at USD 5.47 billion in 2023 and is predicted to be worth around USD 11.01 billion by 2033, at a CAGR of 7.2% from 2024 to 2033.

North America dominated the endoscopy equipment market in 2023. Due to growing preference for minimally invasive surgeries, rising adoption of advanced technologies, and improved healthcare infrastructure, the North America dominated the global endoscopy equipment market.

Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. This is due to the region’s increasing need for endoscopy-related technologies. Other factors include an ageing population and improved health infrastructure. 

Asia Pacific Endoscopy Equipment Market Size and Growth 2024 to 2033

The Asia Pacific endoscopy equipment market size was calculated at USD 6.62 billion in 2023 and is projected to expand around USD 13.20 billion by 2033, poised to grow at a CAGR of 7.1% from 2024 to 2033.

Endoscopy Equipment Market Growth Factors

Endoscopy is a type of imaging that allows doctors to look within the body’s organs and veins. This technique is useful not only for detecting damage, but also for surgical and therapeutic procedures. The endoscopy equipment market is being driven by factors such as an ageing population with an increase in the prevalence of cancer, gastrointestinal, and other chronic disorders, an increase in the number of hospitals, and technological advancements in endoscopy.

Endoscopes are one of the most commonly used medical imaging instruments. Endoscopes are introduced directly into the organ by a clinician or surgeon, as opposed to other imaging instruments. The endoscope has a camera and light on one end and the doctor may view the visual on a screen in real time. Instead of cameras, ultrasound endoscopes employ sound waves to produce detailed views of the intestinal wall and adjacent organs. This endoscopy equipment can be used for more than just imaging. They can also be used to place endoscopic implants.

During the projected period, the endoscopy equipment market is expected to rise due to an increase in the incidence of age-related disorders and an increase in the need for endoscopic equipment in diagnostic and therapeutic operations. The increased use of the endoscopy equipment for the diagnosis and treatment of a variety of illnesses is significant because it allows for less intervention and recovery time. As a result, the endoscopy equipment market expansion is expected. The rise in the senior population, who are more susceptible to a variety of medical disorders requiring endoscopic operations, such as gall stones and endometriosis, is fueling the endoscopy equipment market expansion.

On the other hand, the endoscopy equipment market is expected to be hampered by the high cost of endoscopic equipment and procedures, as well as inadequate compensation in developing countries. In the approaching years, factors such as product recalls and infections caused by endoscopes are projected to stifle the endoscopy equipment market growth. The healthcare industry in developing economies is expected to grow at a rapid pace, providing several chances for the endoscopy equipment market expansion.

Furthermore, biopsy instruments are frequently employed to obtain tissue samples for diagnostic testing. During the projected period, the endoscopy equipment market is expected to be driven by the rising adoption of low-cost disposable endoscopes. The endoscopy equipment market is expected to grow slowly in some locations due to a dearth of qualified endoscope operators. 

Due to the growing need for endoscopy equipment for various therapeutic and diagnostic procedures, there is fierce competition among the existing manufacturers. Furthermore, prominent market players’ technological developments in the field of endoscopy equipment are raising the stakes even higher during the forecast period.

Endoscopy Equipment Market Scope

Product Insights

The endoscopy visualization systems segment dominated the endoscopy equipment market in 2023. This is due to the advantages of high-definition visualization systems for the treatment and diagnosis of complex health conditions like gastrointestinal disorders, urinary disorders, cancer, and lung disorders, as well as the growing preference of healthcare professionals for using endoscopy visualization systems for better treatment and diagnosis.

The endoscopes segment is fastest growing segment of the endoscopy equipment market in 2023. This is attributed to an increase in endoscopic procedures and biopsies, as well as the availability of various types of endoscopes for improved diagnostics and treatment.

Application Insights

The gastrointestinal endoscopy segment dominated the endoscopy equipment market in 2023. Due to the increased incidence of gastrointestinal disorders and the growing elderly population, the gastrointestinal endoscopy segment had the biggest revenue share in 2023.

The urology endoscopy segment, on the other hand, is predicted to develop at a rapid rate over the projection period. The increased burden of urological diseases, as well as an increase in urology surgeries, is predicted to fuel demand for urology endoscopies.

End Use Insights

In 2023, the hospitals segment dominated the endoscopy equipment market. This is due hospitals having a much higher uptake and utilization of endoscopic devices than other healthcare systems, as well as advantageous payment rules. In addition, because hospitals are often the primary healthcare providers in many nations, the number of surgeries performed in hospitals is higher, indicating high adoption and demand.

The ambulatory surgery centers segment, on the other hand, is predicted to develop at the quickest rate in the future years. Some of the important aspects that are boosting the need for endoscopic interventions or procedures in ambulatory surgery centers include little discomfort due to microscopic surgeries, the shorter time required for endoscopy, and faster recovery time. As a result, endoscopy equipment market growth is influenced positively.

Endoscopy Equipment Market Recent Developments

• Pentax Medical will release its unique J10 series of ultrasound video gastroscopes in 2020. The technologically sophisticated gastroscope will be advantageous in meeting both clinical and commercial needs due to its ergonomic design, increased maneuverability, and improved image quality.
• The EVIS X1 endoscopy system was launched by Olympus Corporation in April 2020 for the diagnosis and screening of problems of the stomach and bronchial ailments.
• The IMAGINA Endoscopy System, which Pentax Medical launched in the U.S. market in January 2020, is excellent for gastrointestinal operations in ambulatory surgical facilities. 

Endoscopy Equipment Market Companies

• Olympus Corporation
• KARL STORZ SE & Co. KG
• Stryker Corporation
• Boston Scientific Corporation
• Johnson & Johnson
• Fujifilm Holdings Corporation
• Hoya Corporation
• Nipro Corporation
• Richard Wolf GmbH
• Cook Medical

Segments Covered in the Report

By Product

• Endoscopes
• Rigid Endoscopy Equipment
• Flexible Endoscopy Equipment
• Capsule Endoscopy Equipment
• Disposable Endoscopy Equipment
• Robot Assisted Endoscopy Equipment
• Endoscopy Visualization Systems
• Endoscopy Visualization Component
• Operative Equipment

By Application

• Gastrointestinal Endoscopy
• Laparoscopy
• Obstetrics Endoscopy
• Arthroscopy
• Urology Endoscopy
• Bronchoscopy
• Mediastinoscopy
• Otoscopy
• Laryngoscopy
• Others

By End Use

• Hospitals
• Ambulatory Surgery Centers
• Others

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa