South Korea Endoscopy Devices Market Industry | 2031

Segments - South Korea Endoscopy Devices Market by Type of Device (Endoscopes, Endoscopic Operative Devices, and Visualization Equipment), and Application (Gastroenterology, Orthopaedic Surgery, Cardiology, ENT Surgery, Gynaecology, Neurology, Urology, and Others) - South Korea Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

South Korea Endoscopy Devices Market Outlook 2031:

The South Korea endoscopy devices market size was valued at USD 970 Million in 2022 and is projected to reach USD 1.74 Billion by 2031, expanding at a CAGR of 6.73% during the forecast period 2023 - 2031. The growth of the market is attributed to growing desire for less invasive operations, rising prevalence of endoscopy for treatment and diagnosis, and technical developments leading to expanded applications.

Endoscopes are minimally invasive instruments that may be placed into natural bodily holes to examine an inside organ or tissue in detail. Endoscopic operations are used for imaging and small surgery procedures. These devices are implanted in the body either through natural holes or cavities (such as the anus and mouth) or through incisions, particularly in arthroscopy.

South Korea Endoscopy Devices Market Outlook

Other elements of endoscopy equipment, such as a camera or light source at the tip of the endoscope, assist physicians or medical professionals (endoscopists) in analysing internal organs of interest. Endoscopy can be performed to evaluate digestive system symptoms such as nausea, vomiting, abdominal discomfort, swallowing difficulties, and gastrointestinal bleed.

The COVID-19 pandemic affected the demand and supply of South Korea endoscopy devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

South Korea Endoscopy Devices Market Trends, Drivers, Restraints, and Opportunities

Growing aspiration for less invasive operations is projected to fuel the market during the forecast period.
Rising prevalence of endoscopy for treatment and diagnosis is key factor propelling the market in the coming years.
Infections caused by a limited number of endoscopes are estimated to hinder the market growth.
Lack of skilled labor act as major challenge that can impede the market expansion in the coming years.
R&D investment and technological advancement is expected to create lucrative opportunities for the market players.

Scope of the South Korea Endoscopy Devices Market Report

The report on the South Korea endoscopy devices 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	South Korea Endoscopy Devices Market -Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Type of Device (Endoscopes, Endoscopic Operative Devices, and Visualization Equipment), and Application (Gastroenterology, Orthopaedic Surgery, Cardiology, ENT Surgery, Gynaecology, Neurology, Urology, and Others)
Geographical Scope	South Korea
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	PENTAX Medical; TECHCORD Co., Ltd; Olympus Corporation; Medex World Wide; Karl Storz SE & Co. KG

South Korea Endoscopy Devices Market Segment Insights

The SD visualization segment is projected to hold a major market share

Based on type of device, the South Korea endoscopy devices market is divided into endoscopes, endoscopic operative devices, and visualization equipment. The SD Visualization segment is expected to represent a key share of the market during the forecast period. Both 2D and 3D endoscopic equipment employ SD camera systems.

The first-generation endoscopic SD camera contains one or three chips and always outputs to a recording device or an analogue display. Endoscopic cameras that use standard definition (SD) transmissions provide pictures with 4:3 aspect ratio. These visualization systems use charge coupled device chips to produce a high-resolution image that is presented in SD format. Many technical improvements, such as complementary metal-oxide-semiconductor (CMOS) and CCD innovations have resulted in minor chips that make the endoscopic process easier and aid in better resolution.

South Korea Endoscopy Devices Market Device

The gynaecology segment is expected to grow at a rapid pace

On the basis of application, the South Korea endoscopy devices market is segregated into gastroenterology, orthopaedic surgery, cardiology, ENT surgery, gynaecology, neurology, urology, and others. The gynaecology segment is expected to represent a key share of the market during the forecast period. The gynaecologic laparoscopic surgery is one of the most frequent minimally invasive procedures for obtaining a clear view of the pelvic area.

A pelvic laparoscopy can look at the uterus, ovaries, and fallopian tubes. These devices are also used to remove fibroids, uteruses, ovarian cysts, and lymph nodes, as well as to identify ovarian, uterine, and cervical cancer. As a result, the market is anticipated to develop rapidly throughout the forecast period, owing to the growing prevalence of gynaecologic cancer.

South Korea Endoscopy Devices Market Application

Segments

The South Korea endoscopy devices market has been segmented on the basis of

Type of Device

Endoscopes
Endoscopic Operative Devices
Visualization Equipment

Application

Gastroenterology
Orthopaedic Surgery
Cardiology
ENT Surgery
Gynaecology
Neurology
Urology
Others

Key Players

PENTAX Medical
TECHCORD Co., Ltd
Olympus Corporation
Medex World Wide
Karl Storz SE & Co. KG

Competitive Landscape

Key players competing in the South Korea endoscopy devices market include PENTAX Medical, TECHCORD Co., Ltd, Olympus Corporation, Medex World Wide, and Karl Storz SE & Co. KG.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

South Korea Endoscopy Devices Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Endoscopy Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Endoscopy Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Endoscopy Devices Market - Supply Chain
  4.5. Global Endoscopy Devices Market Forecast
     4.5.1. Endoscopy Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Endoscopy Devices Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Endoscopy Devices Market Absolute $ Opportunity
5. Global Endoscopy Devices Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Endoscopy Devices Market Size and Volume Forecast by Types
     5.3.1. Endoscopes
     5.3.2. Endoscopic Operative Devices
     5.3.3. Visualization Equipment
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Endoscopy Devices Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Endoscopy Devices Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Endoscopy Devices Demand Share Forecast, 2019-2026
7. North America Endoscopy Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Endoscopy Devices Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Endoscopy Devices Market Size and Volume Forecast by Types
     7.4.1. Endoscopes
     7.4.2. Endoscopic Operative Devices
     7.4.3. Visualization Equipment
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Endoscopy Devices Demand Share Forecast, 2019-2026
8. Latin America Endoscopy Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Endoscopy Devices Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Endoscopy Devices Market Size and Volume Forecast by Types
     8.4.1. Endoscopes
     8.4.2. Endoscopic Operative Devices
     8.4.3. Visualization Equipment
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Endoscopy Devices Demand Share Forecast, 2019-2026
9. Europe Endoscopy Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Endoscopy Devices Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Endoscopy Devices Market Size and Volume Forecast by Types
     9.4.1. Endoscopes
     9.4.2. Endoscopic Operative Devices
     9.4.3. Visualization Equipment
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Endoscopy Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Endoscopy Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Endoscopy Devices Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Endoscopy Devices Market Size and Volume Forecast by Types
     10.4.1. Endoscopes
     10.4.2. Endoscopic Operative Devices
     10.4.3. Visualization Equipment
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Endoscopy Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Endoscopy Devices Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Endoscopy Devices Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Endoscopy Devices Market Size and Volume Forecast by Types
     11.4.1. Endoscopes
     11.4.2. Endoscopic Operative Devices
     11.4.3. Visualization Equipment
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Endoscopy Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Endoscopy Devices Market: Market Share Analysis
  12.2. Endoscopy Devices Distributors and Customers
  12.3. Endoscopy Devices Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. PENTAX Medical
     12.4.2. TECHCORD Co., Ltd
     12.4.3. Olympus Corporation
     12.4.4. Medex World Wide
     12.4.5. Karl Storz SE & Co. KG