The global endoscopy devices market was estimated at USD 50.90 billion in 2023 and is expected to surpass around USD 106.87 billion by 2033, poised to grow at a compound annual growth rate (CAGR) of 7.7% during the forecast period of 2024–2033.
Key Takeaways:
Endoscopy Devices Market Report Scope
| Report Coverage | Details |
| Market Size in 2024 | USD 50.90 Billion |
| Market Size by 2033 | USD 106.87 Billion |
| Growth Rate From 2024 to 2033 | CAGR of 7.7% |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Segments Covered | Product, End-Use, Region |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regional Scope | North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
| Key Companies Profiled | 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; Machida Endoscope Co., Ltd. |
The less-invasive properties and affordable post-procedure cost of endoscopy devices are the major factors anticipated to boost the market growth over the forecast period. Furthermore, a shift in the trend to use disposable endoscopic components to minimize the procedure cost as well as the chance of cross-contamination is also expected to accelerate market growth over the years.
In addition, the growing chronic disease burden and increasing geriatric population globally are also anticipated to fuel the adoption of endoscopic devices during the coming years. Moreover, growing medical conditions due to the increasing geriatric population often require endoscopic intervention such as liver abscesses, gallstones, endometriosis, and intestinal perforation, which in turn anticipated to drive the market growth for endoscopy devices over the forecast years. For instance, as per the Administration on Aging (AoA) of the U.S. Department of Health and Human Services report, about 16% of the population was aged above 65 years in 2019. This number is expected to increase to 21.6% by 2040.
In addition, increasing preference by medical professionals to use technologically advanced endoscopy devices equipped with high-definition camera and light sources to help physicians analyze internal organs of interest also drives the market growth. The shift of preference towards minimally invasive surgical procedures than traditional surgeries to reduce hospital stay and minimize post-procedure complications are the major factors anticipated to fuel the demand for endoscopy devices. Hence, factors such as higher patient satisfaction, increased economic viability, and lesser hospital stays are expected to increase the demand for minimally invasive endoscopic interventions in the coming years, thereby accelerating market growth.
Furthermore, the growing burden of cancer all over the world also fuels the adoption of endoscopy devices for the early diagnosis and treatment of the disease. For instance, GLOBOCAN 2020 estimated 19.3 million new cancer cases worldwide and almost 10 million deaths occurred in 2020 due to cancer. In addition, the increasing preference for biopsies for diagnosis and detection of cancer in recent years is also likely to increase the adoption of endoscopic devices, which in turn is anticipated to drive the market for endoscopy devices over the years.
Technological advancement to develop innovative endoscopic devices is also anticipated to accelerate market growth during forecast periods. The key manufacturers are continuously looking forward to innovating advanced endoscopic solutions for better treatment and diagnosis of several chronic disorders. For instance, in August 2021, Fujifilm Holdings Corporation announced the commercial launch of the ELUXEO 7000X Endoscopic Imaging System. This advanced imaging system enables real-time visualization of hemoglobin oxygen saturation (StO2) levels in tissue during laparoscopic and/or endoluminal imaging procedures.
The endoscopy devices industry has been significantly impacted by the COVID-19 pandemic. The reduction and postponement of elective surgeries due to the fear of COVID-19 infection have negatively impacted the growth of the market for endoscopy devices. In addition, supply chain disruptions, changing regulations for surgical procedures, are some of the factors that also hampered market growth in 2020. For instance, according to an international study published in the Arab Journal of Gastroenterology, Elsevier in 2020, the endoscopic procedure volume was reduced by over 50% of the 85% of the global respondent countries during the COVID-19 pandemic.
Product Insights
The product segment comprises endoscopes, endoscopy visualization systems, endoscopy visualization components, and operative devices segments. The endoscopes segment dominated the market in 2023 with the largest revenue share of 36.9% and is also anticipated to register the fastest CAGR of 9.0% over the forecast period. Growing awareness and rising adoption rate of endoscopes across various diagnostic and therapeutic procedures are driving the market growth of endoscopes. In addition, endoscopes aid in diagnosis of complex disease conditions such as cancer, GI disorders, urinary disorders, and lung disorders. This high growth rate is attributed to the increasing number of endoscopic procedures coupled with the high adoption of endoscopes to perform surgeries and biopsies for better diagnosis and treatment.
The flexible endoscopes segment dominated the endoscopes segment and held the largest revenue share in 2023, owing to its high use by medical professionals and its advantages such as safety, increased efficiency, and enhanced ergonomics as compared to rigid endoscopes.
End-use Insights
The end-use segment comprises hospitals and outpatient facilities segments. The outpatient facilities’ segment dominated the market in 2023 with the largest revenue share of 55.0%. The outpatient facilities segment is also anticipated to register the fastest CAGR of 8.2% over the forecast period. Outpatient facilities such as ambulatory surgery centers and diagnostic clinics are expected to witness lucrative growth owing to the growing preference for minimally invasive procedures to lower overall cost and reduce the number of days of hospital stays which in turn is expected to drive the growth of the segment.
In addition, faster recovery time, and minimal discomfort due to the use of less invasive keyhole endoscopic procedures also accelerate the adoption of endoscopy devices in outpatient facilities, which in turn is anticipated to propel segment growth over the forecast period.
Regional Insights
Based on region, North America held the largest revenue share of 43.0% in 2023. This is attributed due to the growing prevalence of several chronic diseases such as cancer, diabetes, cardiovascular diseases along with functional gastrointestinal disorders. In addition, the increasing geriatric population, those who are prone to several chronic disorders also propelling the adoption of endoscopic procedures in this region. Moreover, growing awareness for early disease diagnosis using minimally invasive procedures and improved healthcare infrastructure are further boosting the market growth in this region.
Furthermore, in Asia Pacific, the market for endoscopy devices is expected to witness the fastest CAGR of 8.7% over the forecast years owing to the large population and an increasing number of functional gastrointestinal disorder patients. In addition, growing demand for the minimally invasive endoscopic procedure and improving healthcare infrastructure are the factors also anticipated to accelerate the region's growth in the market. Moreover, increasing government initiatives to modernize healthcare facilities and constantly develop a start-up landscape are among the major factors further promoting the growth of the market in the region.
Some of the prominent players in the endoscopy device market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global endoscopy devices market.
Product
End-use
By Region
Chapter 1 Endoscopy Devices: Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information Procurement
1.3.1.1 Purchased Database
1.3.1.2 Internal Database
1.3.2 Primary Research
1.4 Research Scope And Assumptions
1.5 List Of Data Sources
Chapter 2 Endoscopy Devices: Executive Summary
2.1 Market Outlook
2.2 Product Outlook
2.3 Competitive Insights
2.4 Endoscopy Devices Market Snapshot
Chapter 3 Endoscopy Devices: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration And Growth Prospect Mapping
3.3 Industry Analysis
3.3.1 User Perspective Analysis
3.3.1.1 Consumer Behavior Analysis
3.3.1.2 Product Specifications
3.3.2 Key End-users
3.4 Regulatory Framework
3.4.1 Reimbursement Framework
3.4.1.1 North America
3.4.1.2 Europe
3.4.1.3 Asia Pacific
3.4.2 Standards & Compliance
3.4.3 Safety
3.5 Market Driver Analysis
3.5.1 Growing Geriatric Population
3.5.2 Increasing Prevalence Of Cancer
3.5.3 Increase In Preference For Minimally Invasive Or Keyhole Surgeries
3.5.4 Emergence Of Endoscopic Bariatric Surgery
3.6 Market Restraint Analysis
3.6.1 Lack Of Awareness And Low Adoption Of Disposable Endoscopes In Hospitals And Diagnostic Centers
3.7 Industry Challenges
3.7.1 Capital Intensive Market
3.8 Endoscopy Devices Market Analysis Tools
3.8.1 Industry Analysis - Porter’s
3.8.1.1 Bargaining Power Of The Suppliers - Moderately Low
3.8.1.2 Bargaining Power Of The Buyers - Moderate
3.8.1.3 Threats Of Substitution - Low
3.8.1.4 Threats From New Entrants - Low
3.8.1.5 Competitive Rivalry - High
3.8.2 PESTLE Analysis
3.8.2.1 Political Landscape
3.8.2.2 Economic Landscape
3.8.2.3 Social Landscape
3.8.2.4 Technological Landscape
3.8.2.5 Environmental Landscape
3.8.2.6 Legal Landscape
3.9 Major Deals & Strategic Alliances Analysis
Chapter 4 Endoscopy Devices Market: Competitive Landscape Analysis
4.1 Recent Developments & Impact Analysis, By Key Market Participants
4.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
4.3 Vendor Landscape
4.3.1 Key Customers
4.3.2 Key Company Market Share Analysis, 2022
4.4 Public Companies
4.4.1 Company Market Position Analysis
4.4.2 Company Market Ranking, By Region
4.4.3 Competitive Dashboard Analysis
4.5 Private Companies
4.5.1 List Of Key Emerging Companies
4.5.2 Funding Outlook
4.5.3 Regional Network Map
Chapter 5 Endoscopy Devices Market: Product Estimates & Trend Analysis
5.1 Segment Dashboard
5.2 Definitions & Scope
5.3 Endoscopy Devices Market: Product Movement Analysis, USD Million, 2024 & 2033
5.4 Endoscopes
5.4.1 Endoscopes Market Estimates And Forecasts, 2022 - 2033
5.4.2 Rigid Endoscopes
5.4.2.1 Rigid Endoscopes Market Estimates And Forecasts, 2022 - 2033
5.4.3 Robot Assisted Endoscopes
5.4.3.1 Robot Assisted Endoscopes Market Estimates And Forecasts, 2022 - 2033
5.4.4 Disposable Endoscopes
5.4.4.1 Disposable Endoscopes Market Estimates And Forecasts, 2022 - 2033
5.4.5 Capsule Endoscopes
5.4.5.1 Capsule Endoscopes Market Estimates And Forecasts, 2022 - 2033
5.4.6 Flexible Endoscopes
5.4.6.1 Flexible Endoscopes Market Estimates And Forecasts, 2022 - 2033
5.5 Endoscopy Visualization Systems
5.5.1 Endoscopy Visualization Systems Market Estimates And Forecasts, 2022 - 2033
5.5.2 Standard Definition (SD) Visualization Systems
5.5.2.1 Standard Definition (SD) Visualization Systems Market Estimates And Forecasts, 2022 - 2033
5.5.2.2 2D Systems
5.5.2.2.1 2D Systems Market Estimates And Forecasts, 2022 - 2033
5.5.2.3 3D Systems
5.5.2.3.1 3D Systems Market Estimates And Forecasts, 2022 - 2033
5.5.3 High Definition (HD) Visualization Systems
5.5.3.1 High Definition (HD) Visualization Systems Market Estimates And Forecasts, 2022 - 2033
5.5.3.2 2D Systems
5.5.3.2.1 2D Systems Market Estimates And Forecasts, 2022 - 2033
5.5.3.3 3D Systems
5.5.3.3.1 3D Systems Market Estimates And Forecasts, 2022 - 2033
5.6 Endoscopy Visualization Components
5.6.1 Endoscopy Visualization Components Market Estimates And Forecasts, 2022 - 2033
5.6.2 Camera Heads
5.6.2.1 Camera Heads Market Estimates And Forecasts, 2022 - 2033
5.6.3 Insufflators
5.6.3.1 Insufflators Market Estimates And Forecasts, 2022 - 2033
5.6.4 Light Sources
5.6.4.1 Light Sources Market Estimates And Forecasts, 2022 - 2033
5.6.5 High Definition Monitors
5.6.5.1 High Definition Monitors Market Estimates And Forecasts, 2022 - 2033
5.6.6 Suction Pumps
5.6.6.1 Suction Pumps Market Estimates And Forecasts, 2022 - 2033
5.6.7 Video Processors
5.6.7.1 Video Processors Market Estimates And Forecasts, 2022 - 2033
5.7 Operative Devices
5.7.1 Operative Devices Market Estimates And Forecasts, 2022 - 2033
5.7.2 Energy Systems
5.7.2.1 Energy Systems Market Estimates And Forecasts, 2022 - 2033
5.7.3 Access Devices
5.7.3.1 Access Devices Market Estimates And Forecasts, 2022 - 2033
5.7.4 Suction & Irrigation Systems
5.7.4.1 Suction & Irrigation Systems Market Estimates And Forecasts, 2022 - 2033
5.7.5 Hand Instruments
5.7.5.1 Hand Instruments Market Estimates And Forecasts, 2022 - 2033
5.7.6 Wound Retractors
5.7.6.1 Wound Retractors Market Estimates And Forecasts, 2022 - 2033
5.7.7 Snares
5.7.7.1 Snares Market Estimates And Forecasts, 2022 - 2033
Chapter 6 Endoscopy Devices Market: End-use Estimates & Trend Analysis
6.1 Segment Dashboard
6.2 Definitions & Scope
6.3 Endoscopy Devices Market: End-use Movement Analysis, USD Million, 2024 & 2033
6.4 Hospitals
6.4.1 Hospitals Market Estimates And Forecasts, 2022 - 2033
6.5 Outpatient Facilities
6.5.1 Outpatient Facilities Market Estimates And Forecasts, 2022 - 2033
Chapter 7 Endoscopy Devices Market: Regional Estimates & Trend By Product and End-use
7.1 Regional Market Snapshot
7.2 Endoscopy Devices Market Share, By Region, 2024 & 2033, USD Million
7.3 North America
7.3.1 North America Swot Analysis
7.3.2 Market Estimates And Forecasts By Product And End-use, 2022 - 2033
7.3.3 U.S.
7.3.3.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.3.4 Canada
7.3.4.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4 Europe
7.4.1 Europe Swot Analysis
7.4.2 Market Estimates And Forecasts By Product And End-use, 2022 - 2033
7.4.3 UK
7.4.3.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4.4 Germany
7.4.4.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4.5 France
7.4.5.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4.6 Italy
7.4.6.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4.7 Spain
7.4.7.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4.8 Norway
7.4.8.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4.9 Sweden
7.4.9.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.4.10 Denmark
7.4.10.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.5 Asia Pacific
7.5.1 Asia Pacific Swot Analysis
7.5.2 Market Estimates And Forecasts By Product And End-use, 2022 - 2033
7.5.3 Japan
7.5.3.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.5.4 China
7.5.4.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.5.5 India
7.5.5.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.5.6 Australia
7.5.6.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.5.7 South Korea
7.5.7.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.5.8 Thailand
7.5.8.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.6 Latin America
7.6.1 Latin America Swot Analysis
7.6.2 Market Estimates And Forecasts By Product And End-use, 2024 - 2033
7.6.3 Brazil
7.6.3.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.6.4 Mexico
7.6.4.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.6.5 Argentina
7.6.5.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.7 MEA
7.7.1 MEA Swot Analysis
7.7.2 Market Estimates And Forecasts By Product And End-use, 2024 - 2033
7.7.3 South Africa
7.7.3.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.7.4 Saudi Arabia
7.7.4.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.7.5 UAE
7.7.5.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
7.7.6 Kuwait
7.7.6.1 Market Estimates And Forecasts, By Product And End-use, 2022 - 2033
Chapter 8 Company Profiles
8.1 Olympus Corporation
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 Ethicon Endo-Surgery, LLC
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 Stryker Corporation
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 Fujifilm Holdings Corporation
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 Boston Scientific Corporation
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.5.4 Strategic initiatives
8.6 Karl Storz GmbH & Co. KG
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.5.4 Strategic initiatives
8.7 Smith & Nephew Inc.
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 Richard Wolf GmbH
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.8.4 Strategic initiatives
8.9 Medtronic Plc (Covidien)
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.9.4 Strategic initiatives
8.10 PENTAX Medical
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.10.4 Strategic initiatives
8.11 Machida Endoscope Co., Ltd
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Product benchmarking
8.11.4 Strategic initiatives
8.12 List of Other Companies
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers