Endoscopy Devices Market Size to Surpass US$ 72.9 Bn by 2030

Endoscopy Devices Market Size to Surpass US$ 72.9 Bn by 2030

The global endoscopy devices market size is estimated to surpass around US$ 72.9 billion by 2030 and it is expected to grow at a CAGR of 9.3% over the forecast period 2021 to 2030.

Growth Factors

Rising preference for minimally invasive surgeries in comparison with open surgeries, owing to benefits provided by minimally invasive surgeries and technological advancements in endoscopic devices and visualization systems are some of the factors boosting the market growth.

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The growing adoption of minimally invasive surgical procedures has fueled the utilization of different types of endoscopes and endoscopy devices in surgical interventions such as bronchoscopy, laparoscopy, arthroscopy, and cystoscopy.

By Product Analysis

Based on product type, the endoscopy visualization systems segment dominated the market and accounted for a revenue share of 37.4% in 2020. This high share is attributable to benefits provided by high-definition visualization systems for treatment and diagnosis of complex health conditions such as GI disorders, cancer, urinary disorders, and lung disorders and increasing preference of healthcare professionals toward utilizing endoscopy visualization systems for better diagnosis and treatment.

The endoscopes segment is anticipated to witness the fastest CAGR of 9.2% during the forecast period. This growth is attributable to the increasing number of endoscopic surgeries and biopsies and the availability of different types of endoscopes for better treatment and diagnosis.

Report Coverage

By Application Analysis

Based on application, the GI (gastrointestinal) endoscopy segment held the highest revenue share of 54.9% in 2020 owing to the growing burden of gastrointestinal diseases and the rising geriatric population.

The urology endoscopy segment is projected to grow at the fastest growth rate during the forecast period. An increase in urology surgeries and the rising burden of urological cancers are among the factors expected to drive the demand for urology endoscopies.

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By End-use Analysis

Based on end use, the hospitals segment dominated the market and accounted for the highest revenue share of 47.8%. This high share is attributable to substantially large adoption and usage of endoscopy devices in the hospitals as compared to other healthcare systems and favorable reimbursement policies.

The ambulatory surgery centers/clinics segment is expected to witness the fastest CAGR over the forecast period. Minimal discomfort due to keyhole surgeries, the lesser time required for endoscopy, and faster recovery time are some of the key factors that are supporting the demand for endoscopic interventions or surgeries in the ambulatory surgical centers/clinics systems.

By Regional Analysis

North America dominated the global endoscopy devices market and accounted for the largest revenue share of 42.4% in 2020 owing to the rising adoption of advanced technologies, growing preference for minimally invasive surgeries for reducing overall healthcare spending, and enhanced healthcare infrastructure.

Asia Pacific region is expected to exhibit significant growth over the forecast period. This is attributable to the higher demand for endoscopy-related technologies in this region. Some of the other factors are the growing geriatric population and improving health infrastructure.

Key Players

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

Market Segmentation

• By Endoscopy Devices Product
  • Endoscopes
    • Rigid Endoscopy Devices
      • Laparoscopes
      • Arthroscopes
      • Urology endoscopes
      • Cystoscopes
      • Gynecology endoscopes
      • Neuroendoscopes
      • Other rigid endoscopes
    • Flexible Endoscopy Devices
      • Upper gastrointestinal endoscopes
      • Colonoscopes
      • Bronchoscopes
      • Sigmoidoscopes
      • Laryngoscopes
      • Pharyngoscopes
      • Duodenoscopes
      • Nasopharyngoscopes
      • Rhinoscopes
      • Other flexible Endoscopy Devices
    • Capsule Endoscopy Devices
    • Disposable Endoscopy Devices
    • Robot-Assisted Endoscopy Devices
  • Endoscopy Visualization Systems
    • Standard Definition (SD) Visualization Systems
      • 2D systems
      • 3D systems
    • High Definition (HD) Visualization Systems
      • 2D systems
      • 3D systems
  • Endoscopy Visualization Component
    • Camera Heads
    • Insufflators
    • Light Sources
    • High Definition Monitors
    • Suction Pumps
    • Video Processors
  • Operative Devices
    • Energy Systems
    • Access Devices
    • Suction & Irrigation Systems
    • Hand Instruments
    • Wound Retractors
    • Snares
• By Endoscopy Devices Application
  • Gastrointestinal (GI) endoscopy
  • Laparoscopy
  • Obstetrics/gynecology endoscopy
  • Arthroscopy
  • Urology endoscopy (cystoscopy)
  • Bronchoscopy
  • Mediastinoscopy
  • Otoscopy
  • Laryngoscopy
  • Other applications
• By Endoscopy Devices End-use
  • Hospitals
  • Ambulatory surgery centers
  • Other end uses
• By Endoscopy Devices Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

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