The global endoscopes market size was valued at USD 11.7 billion in 2020 and is expected to expand at a CAGR 9.3% during the forecast period, 2021–2028. The growth of the market is attributed to the increased incidence of chronic diseases such as heart disease, cancer, and diabetes, as well as growing awareness of the benefits of minimally invasive operations over open invasive surgeries.
Endoscopy is a medical process in which a thin tube is interleaved into the body and used to examine an internal tissue or organ in detail. An endoscope is normally equipped with a flexible tube with a camera and light connected to it and is used by a doctor to inspect images of the digestive tract on a TV display. Minimally invasive procedures are driving the use of a variety of endoscopic diagnostic methods such as proctoscopy, cystoscopy, and gastroscopy. Sutures are commonly used in endoscopic bariatric surgeries for stomach remodelling and the method aids in a 70% reduction in stomach size. Furthermore, one of the keys causes the acceptance of bariatric operations is the increased prevalence of obesity. Obesity rates are anticipated to climb dramatically by 2030, according to the Organization for Economic Co-operation and Development (OECD), with the highest rates reported in the United States, Mexico, and England. Moreover, as a result of the tiny incisions, minimally invasive operations provide a number of advantages over open surgery including less discomfort, a lower/minimal or no risk of complications, and a faster recovery time. Furthermore, minimally invasive operations are inexpensive or cost-effective, resulting in a better quality of life. The need for biopsies for cancer diagnosis is projected to rise as the prevalence of cancer rises. In addition, endoscopy for biopsies and endoscopic ultrasonography are two most popular cancer detection methods.
The COVID-19 pandemic outbreak has adversely impacted the endoscopes market due to wide cancellation and postponing of appointed endoscopes procedures for various elective surgeries. Additionally, during the pandemic, market development was impeded by shifting rules aimed at reducing viral infection as well as supply chain interruptions.
Market Trends, Drivers, Restraints, and Opportunities
- Technical developments in endoscopes along with increased usage of the devices for different diagnosis and treatment procedures is expected to drive the market during the forecast period.
- Introduction of less invasive techniques and technological advancement in bariatric operations using endoscopes such as endoscopic sleeve gastroplasty are key factors propelling the market forward.
- High demand for diagnostic endoscopic operations due to rising prevalence of chronic illness globally drive the market.
- Lack of availability of endoscopy physicians and surgeons all around the world acts as a major hurdle that can hamper the market expansion during the forecast period.
- Booming of the healthcare infrastructure in emerging economies and favorable governments’ policies towards healthcare sectors are key factors that create lucrative opportunities for the market growth.
Scope of the Report
The report on the global endoscopes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Endoscopes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Applications (Arthroscopy, Urology Endoscopy/Cystoscopy, Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, Gastrointestinal Endoscopy, Laparoscopy, Obstetrics/Gynecology Endoscopy, and Others), Product Types (Capsule Endoscopes, Disposable Endoscopes, Robot Assisted Endoscopes, Flexible Endoscopes [Laryngoscopes, Pharyngoscopes, Duodenoscopes, Nasopharyngoscopes, Rhinoscopes, Upper Gastrointestinal Endoscopes, Colonoscopes, Bronchoscopes, Sigmoidoscopes, and Others], and Rigid Endoscopes [Urology Endoscopes, Cystoscopes, Gynecology Endoscopes, Neuroendoscopes, Laparoscopes, Arthroscopes, and Others]), and End-users (Ambulatory Surgery Centers/Clinics, Hospitals, and Others) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Boston Scientific Corporation; Karl Storz GmbH & Co., KG; Stryker; PENTAX Medical; CONMED Corporation; Richard Wolf Medical Instruments; Medtronic; Olympus Corporation; Ethicon US, LLC; and FUJIFILM Holdings Corporation |
Market Segment Insights
Gastrointestinal endoscopy segment to grow at a high rate
Based on applications, the market is segregated into arthroscopy, urology endoscopy/cystoscopy, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy, gastrointestinal endoscopy, laparoscopy, obstetrics/gynecology endoscopy, and others. The gastrointestinal (GI) endoscopy segment is expected to grow at a high rate during the projected period owing to the increased burden of gastrointestinal illnesses and the expanding elderly population. Moreover, the urology endoscopy/cystoscopy segment is expected to be a fast-growing segment during the forecast period due to the growing number of urology procedures as well as the rising frequency of urologic malignancies.
Flexible endoscopes segment to expand at a considerable CAGR
On the basis of product types, the endoscopes market is segmented into capsule endoscopes, disposable endoscopes, robot assisted endoscopes, flexible endoscopes and rigid endoscopes. The flexible endoscopes segment is further categorized as laryngoscopes, pharyngoscopes, duodenoscopes, nasopharyngoscopes, rhinoscopes, upper gastrointestinal endoscopes, colonoscopes, bronchoscopes, sigmoidoscopes, and others. The rigid endoscopes segment is further classified as urology endoscopes, cystoscopes, gynecology endoscopes, neuroendoscopes, laparoscopes, arthroscopes, and others.
The flexible endoscopes segment is projected to expand at a considerable CAGR during the forecast period due to medical professionals' rising preference for flexible endoscopes, technical breakthroughs, greater efficiency and safety, and flexible endoscopes' ergonomic advantages. On the other hand, the disposable endoscopes segment is anticipated to account for a major market share during the forecast period as increased infection risk from the use of traditional reusable endoscopes, technical developments, and the introduction of new products.
Hospitals segment to dominate the market
In terms of end-users, the market is fragmented into ambulatory surgery centers/clinics, hospitals, and others. The hospitals segment is likely to dominate the market during the projected timeline due to favorable reimbursement policies as well as widespread acceptance and use of endoscopes in hospital systems. The ambulatory surgery centers/clinics segment, however, is expected to grow rapidly in the coming years. Some of the major factors boosting the segment due to certain advantages such as less time required for endoscopy, minimal discomfort due to the introduction of keyhole surgeries, and faster recovery time.
North America is anticipated to constitute a key market share
In terms of regions, the endoscopes market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to enhanced healthcare infrastructure, increased acceptance of new technology, and wide popular for less invasive operations to reduce healthcare costs. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the region's increasing need for endoscopic technology. Improving health infrastructure and the expanding number of the senior population are two key reasons driving the regional market.
Segments
The global endoscopes market has been segmented on the basis of
Applications
- Arthroscopy
- Urology Endoscopy/Cystoscopy
- Bronchoscopy
- Mediastinoscopy
- Otoscopy
- Laryngoscopy
- Gastrointestinal Endoscopy
- Laparoscopy
- Obstetrics/Gynecology Endoscopy
- Others
Product Types
- Capsule Endoscopes
- Disposable Endoscopes
- Robot Assisted Endoscopes
- Flexible Endoscopes
- Laryngoscopes
- Pharyngoscopes
- Duodenoscopes
- Nasopharyngoscopes
- Rhinoscopes
- Upper Gastrointestinal Endoscopes
- Colonoscopes
- Bronchoscopes
- Sigmoidoscopes
- Others
- Rigid Endoscopes
- Urology Endoscopes
- Cystoscopes
- Gynecology Endoscopes
- Neuroendoscopes
- Laparoscopes
- Arthroscopes
- Others
End-users
- Ambulatory Surgery Centers/Clinics
- Hospitals
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Boston Scientific Corporation
- Karl Storz GmbH & Co.KG
- Stryker
- PENTAX Medical
- CONMED Corporation
- Richard Wolf Medical Instruments
- Medtronic
- Olympus Corporation
- Ethicon US, LLC
- FUJIFILM Holdings Corporation
Competitive Landscape
Key players competing in the global endoscopes market are Boston Scientific Corporation; Karl Storz GmbH & Co., KG; Stryker; PENTAX Medical; CONMED Corporation; Richard Wolf Medical Instruments; Medtronic; Olympus Corporation; Ethicon US, LLC; and FUJIFILM Holdings Corporation.
The increased knowledge and acceptance of endoscopes along with the wide improvement in related technologies of endoscopes are anticipated to enhance the entry of new enterprises into the market in the future. Mergers and acquisitions, strategic partnerships with other market competitors, and increased R&D in the field of endoscopic technologies are some of the activities implemented by prominent industry players to enhance their market position. Olympus Corporation, for instance, announced the debut of their new endoscopic system EVIS X1 in 2020. This cutting-edge endoscopic device aimed at assisting patients with stomach, oesophagus, colon, and bronchial disorders to improve their diagnostic results.
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