Endoscopy Devices Market Size, Share & Trends Analysis Report By Product, By Application (Laparoscopy, Bronchoscopy), By End Use (Hospitals, Ambulatory Surgery Centers)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Endoscopy Devices market gathered revenue around USD 41.9 Billion in 2020 and market is set to grow USD 70.6 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.2% during the prediction period 2021 to 2027.

Growth Factors:

 The shift in the trend of adoption from traditional open surgeries to minimally invasive procedures by healthcare professionals and patients is one of the major factors boosting the market. In addition, other factors promoting growth include the increasing geriatric population, rising prevalence of chronic conditions, and technological advancements in the field of endoscopy devices. The increasing prevalence of diseases related to age and rising demand for endoscopic devices in therapeutic and diagnostic procedures are some of the factors driving the market growth. The utilization of such products and devices in the treatment and diagnosis of multiple health conditions is beneficial since it enables minimal intervention, thereby shortening the recovery time.

Furthermore, the increasing prevalence of cancer is propelling the adoption of endoscopy devices for various treatment as well as diagnosis processes. For instance, according to statistics published by International Agency for Research on Cancer in 2020, around 1 in 5 people develop some or other form of cancer during their lifetime. In addition, the prevalence of cancer has increased substantially in the past few years and this is likely to increase the demand for biopsies for cancer detection and diagnosis. Moreover, endoscopic ultrasound and endoscopy for biopsies are some of the most preferred procedures for the diagnosis of cancer. Therefore, the rising demand for endoscopies for diagnosis is estimated to boost the growth during the forecast period.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Endoscopy Devices market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Endoscopy Devices market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 70.6 Billion by 2027
Growth Rate CAGR of 8.2% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Vehicle type, battery, voltage and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Yadea Technology Group Co., Ltd.; JIANGSU XINRI E-VEHICLE CO., LTD.; Xiaomi; SEGWAY INC.; SWAGTRON; Boosted USA; Airwheel Holding Limited; YAMAHA MOTOR CO., LTD.; Accell Group; Derby Cycle

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Endoscopy Devices market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Segments covered analysis

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. In addition, the availability of technologically advanced visualization systems is further boosting the adoption, thereby signifying higher share.

In addition, 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.

By Application analysis:

Based on application, the GI (gastrointestinal) endoscopy segment held the highest revenue share of 54.6% in 2020 owing to the growing burden of gastrointestinal diseases and the rising geriatric population. In addition, the increasing number of gastroscopies, rising adoption of endoscopy devices for diagnosis and treatment of GI diseases, and availability of technically advanced products for gastroscopy are some of the factors driving the gastroscopy market.

Furthermore, in applications, 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.

By End-use analysis:

In 2020, based on end use, the hospitals segment dominated the market and accounted for the highest revenue share of 47.6%. 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. Furthermore, hospitals are generally the primary health systems in many of the countries and therefore the number of surgeries performed in hospitals is higher, thereby signifying greater demand and adoption.In addition, 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 42.1% 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. In addition, the rising prevalence of cancer, gastrointestinal disorders, and other chronic conditions in the region is also one of the major factors fueling the growth of the market.

Furthermore, 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. In addition, substantial economic development in the Asia Pacific region is one of the significant factors that attract international investments in the region. Moreover, the presence of key players along with the constantly developing start-up landscape in the region is further promoting the market growth.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Endoscopy Devices Market include:  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.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

  • 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 Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Endoscopy Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Endoscopy Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Endoscopy Devices markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports