Global Endoscopes Market Size, Share And Trends Analysis Report By Product (Endoscopes (Rigid Endoscopes, Flexible Endoscopes, Disposable Endoscopes, Capsule Endoscopes)), By End-use, By Region,- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2024-2033

Endoscopes Market Size and Growth

The global endoscopes market size was exhibited at USD 24.25 billion in 2023 and is projected to hit around USD 38.42 billion by 2033, growing at a CAGR of 4.71% during the forecast period 2024 to 2033.

Endoscopes Market Key Takeaways:

• By product, the reusable endoscopes segment dominated the market with revenue share of 87.6%.
• Disposable endoscopes segment is expected to witness fastest CAGR growth during the forecast period.
• By end use, the outpatient facilities’ segment dominated the market in 2023 and accounted for the largest revenue share of 53.3%.
• Hospitals segment in endoscopes market is anticipated to register a significant growth over the forecast period. 
• North America dominated the endoscopes market in 2023 and accounted for the largest revenue share of 41.0%.

Report Scope of Endoscopes Market

Increasing awareness regarding earlier detection of diseases through minimally invasive surgical procedures, the adoption of various distribution strategies, and the growing prevalence of chronic disorders are some of the major factors driving market growth. In addition, favorable reimbursement policies and rising FDA approvals for endoscopes are expected to boost the market's growth. For instance, in April 2021, Endotherapeutics Pty Ltd., a leading medical device distributor, partnered with Cook Medical, a medical device company, to distribute Cook Medical OHNS Portfolio in Australia.

The increasing prevalence of cancer and cancer-related mortality globally is one of the factors expected to drive the market. For instance, according to the Cancer Progress Report 2023 released by the American Cancer Society, in 2023, around 1,958,310 new cancer cases were diagnosed in the U.S., and 609,820 individuals died due to it. Projections indicate that by 2040, the number of new cancer cases could reach 2.3 million. As the prevalence of cancer rises globally, there is a growing need for effective diagnostic and treatment procedures. Endoscopes play a crucial role in offering minimally invasive options to accurately diagnose, stage, and treat various forms of cancer. Thus, such factors boost the market growth.

Furthermore, endoscopic procedures have been primarily adopted to diagnose and treat functional gastrointestinal disorders. This disorder can affect any part of the gastrointestinal tract, including the stomach, esophagus, and intestines. The growing prevalence of functional gastrointestinal disorders, such as irritable bowel syndrome (IBS), functional constipation, or functional dyspepsia, is also expected to accelerate product adoption and boost market growth over the forecast period. For instance, in 2021, a multinational study published in the Gastroenterology journal on 33 countries reported that, globally, over 40% of persons have functional gastrointestinal disorders.

Technological advancements significantly impacted the field of disposable endoscopic devices, driving innovation and improving patient care. These advancements have led to developing more advanced and sophisticated disposable endoscopes, offering enhanced imaging capabilities, improved maneuverability, and ease of use. For instance, in September 2024, Olympus Corporation received U.S. FDA 510(k) approval for its CADDIE computer-aided detection (CADe) device, a cloud-based AI technology developed to help gastroenterologists during colonoscopy procedures to detect colorectal polyps.

Many players in the market are increasingly investing in developing new products and continuously improving existing products. For instance, in October 2023, Foresight Group (Foresight), an investment company, announced a USD 6.61 million investment along with USD 1.65 million from Clydesdale Bank in Clearview Endoscopy Limited. This company repairs, services, and maintains flexible endoscopes and offers its services to customers across Ireland and the UK.

The miniaturization of components created smaller and more flexible endoscopes, enabling easier access to narrow & complex anatomical structures. Moreover, advancements in materials and manufacturing techniques led to the production of disposable endoscopes that are cost-effective, reliable, & safe for patients. Thus, such factors are anticipated to boost the market growth over the forecast period.

Moreover, with new technologies and methods being developed and introduced regularly, the endoscope market is expected to grow significantly over the forecast period. For instance, the application of AI in many gastroenterology fields is becoming more widespread, especially in endoscopic image processing.

Endoscopes Market By Product Insights

By product, the reusable endoscopes segment dominated the market with revenue share of 87.6%. The reusable endoscopes segment comprises of rigid endoscopes, flexible endoscopes, capsule endoscopes, and robot-assisted endoscopes. The segment’s growth is driven by the rising occurrence of chronic diseases impacting internal body systems and the superior benefits of flexible endoscopes compared to other devices. There is a growing awareness of the importance of early diagnosis in conditions such as Inflammatory Bowel Diseases (IBD), stomach & colon cancers, respiratory infections, and tumors, leading to a higher demand for flexible endoscopes for diagnostic purposes. Furthermore, key players are developing and launching new products to strengthen their market position. For instance, in May 2023, Air Water, Inc. and Keio University developed an ultra-fine rigid endoscope employing its Graded-Index Plastic Optical Fiber (GI-POF) technology.

Disposable endoscopes segment is expected to witness fastest CAGR growth during the forecast period. The growing adoption of minimally invasive surgeries and product approvals are expected to boost the global market over the forecast period. Key advantages include high patient acceptance rates, reduced pain, cost-effectiveness, and lower chances of complications. NIH data from January 2023 indicates an increasing trend of ambulatory minimally invasive procedures in the U.S., which raises the demand for disposable endoscopes in these settings. In addition, the demand for disposable endoscopes in hospitals & diagnostic centers and the rising use of single-use endoscopy devices in ENT, bronchoscopy, & dentistry procedures are expected to drive market growth over the forecast period.

Endoscopes Market By End-use Insights

By end use, the outpatient facilities’ segment dominated the market in 2023 and accounted for the largest revenue share of 53.3%. Outpatient facilities play a vital role in the endoscope market by providing convenient & efficient diagnostic and therapeutic procedures. The increasing popularity of endoscopes in outpatient settings can be attributed to their numerous advantages. One significant advantage of endoscopes in outpatient facilities is their cost-effectiveness. These single-use devices eliminate the need for reprocessing, saving valuable time and resources for cleaning, sterilizing, & maintaining reusable endoscopes. This streamlined approach improves workflow efficiency, reduces turnaround time, and enhances patient throughput.

Hospitals segment in endoscopes market is anticipated to register a significant growth over the forecast period. The growing number of healthcare centers, such as hospitals, oncology specialty clinics, and cancer centers, is increasing the need for endoscopy devices, which is expected to drive market growth. The number of endoscopies being performed in hospitals is growing with the increase in hospital facilities. The number of hospitals is increasing in most countries, including the U.S., Canada, the UK, Italy, Spain, China, India, Thailand, Japan, Brazil, Argentina, South Africa, and the UAE. According to American Hospital Association, there are 6,120 hospitals in the U.S. in 2024. Similarly, in 2021, there were 1,300 hospitals in Canada. The European Union has around 15,000 hospitals. Moreover, the UK has 1148 hospitals as of August 2023.

Endoscopes Market By Regional Insights

North America dominated the endoscopes market in 2023 and accounted for the largest revenue share of 41.0%. The market is fueled by rapid technological advancements, leading to the development of new and innovative endoscopic devices. These technological breakthroughs have improved the adoption of endoscopes. For instance, in October 2022, OMNIVISION, a prominent developer of semiconductor solutions, collaborated with AdaptivEndo, a technology disruptor in single-use endoscopes, to create a flexible and unified platform. This platform is designed to use single-use and hybrid endoscopes in various medical fields, including gynecology, gastroenterology, urology, and advanced endoscopic surgery.

U.S. Endoscopes Market Trends

The endoscopes market in the U.S. held the largest share in 2023. An advanced healthcare infrastructure, high investments by market players and hospitals promoting the use of novel endoscopy equipment, and favorable reimbursement policies are among the factors expected to drive market growth in the U.S. For instance, in June 2021, EvoEndo raised USD 10.1 million to promote the use of unsedated transnasal endoscopy for patients and physicians.

Europe Endoscopes Market Trends

Europe endoscopes market is anticipated to register considerable growth during the forecast period. Technological advancements and the adoption of various strategies by market players drive market growth. Moreover, the number of diseases that require endoscopy is increasing, propelling the market growth. For instance, in Italy, the prevalence of cancer is also growing. According to the Associazione Italiana Di Oncologia Medica (AIOM) 2021 cancer estimates, there were 233,200 cases of colorectal cancer in women and 280,300 in men in 2021.

France endoscopes market is anticipated to register a considerable growth rate during the forecast period. The growing geriatric population and the increasing prevalence of cancer propel the market for endoscopes in France. As per an article published in March 2023, around 26% of the total population were over 60. The growing number of elderly individuals who are susceptible to various diseases, including cancer, GI disorders, respiratory issues, and cardiovascular conditions, drives the demand for endoscopy procedures for diagnosis & treatment. The rising preference for minimally invasive surgeries and the growing emphasis on early cancer detection are among the factors anticipated to impact the market positively.

Endoscopes market in UK is anticipated to register a considerable growth rate during the forecast period. The growing awareness of and preference among physicians & patients for improving post-procedure outcomes and reducing the risk of cross-contamination is driving the demand for disposable endoscopes. Moreover, the increasing number of patients suffering from chronic diseases that require minimally invasive surgical procedures for diagnosis & treatment is contributing to market growth. For instance, according to the Migration Observatory, the population of the UK is projected to increase from 67 million in 2021 to 77 million in 2046.

Asia Pacific Endoscopes Market Trends

Asia Pacific is anticipated to be the fastest-growing region in the endoscopes market. Changes in lifestyle & demographics and a growing geriatric population suffering from chronic diseases, such as cancer, ophthalmic diseases, & GI disorders, are factors driving the market. Technological advancements in Asia Pacific’s healthcare industry are likely to further drive market growth. Moreover, increasing awareness about the advantages of minimally invasive surgeries over open surgeries and the rising prevalence of chronic diseases are expected to provide growth opportunities in this region.

China endoscopes market held the significant share in 2023. the endoscope market in China is driven by increasing demand for minimally invasive procedures, the growing presence of trained endoscopists for a broad range of applications, the development of surgical devices to increase indications of endoscopic surgeries, and product advancements. In addition, the demand for disposable endoscopes in China is surging due to the failure of standard cleaning and disinfection processes, as per the study published in the American Journal of Infection Control. The study reported positive bacterial tests for Pseudomonas aeruginosa culture in contaminated pancreatic and biliary endoscopes, even after multiple cleaning and disinfection attempts.

Endoscopes market in Thailand is anticipated to register a significant growth during the forecast period. Factors such as favorable initiatives undertaken by government and private players fuel the market growth. Experimental cancer screening programs, including the Colorectal Cancer (CRC) screening program in Thailand, are expected to increase the demand for endoscopy surgeries. These programs aim to detect and treat cancer at early stages, leading to a rise in endoscopic procedures.

Latin America Endoscopes Market Trends

Latin America endoscopes market is anticipated to register considerable growth during the forecast period. The region witnesses a high burden of infections and acute diseases. Disposable endoscopes have demonstrated their effectiveness in preventing cross-contamination and reducing procedure costs, leading to a growing demand among healthcare professionals prioritizing preventive healthcare measures for infection control. This is expected to drive the market over the forecast period.

Mexico endoscopes market is anticipated to register a considerable growth during the forecast period. The increasing prevalence of cervical cancer among women in Mexico is expected to drive the market. Cervical cancer is the second-most commonly occurring cancer among women in Mexico. According to the HPV Information Center, 2023, approximately 9,439 new cases of cervical cancer are estimated to be diagnosed each year, with about 4,335 women dying due to this disease. Increasing disposable income, technological advancements in endoscopes, and growing demand for minimally invasive surgeries are key factors promoting market growth.

MEA Endoscopes Market Trends

MEA endoscopes market is anticipated to register the fastest growth during the forecast period. Advancements in healthcare infrastructure, growing healthcare expenditures, and increasing awareness of available diagnostic and therapeutic solutions are driving the regional market's growth. Other factors contributing to the regional market's growth include the rapid economic development, growing geriatric population, and rising government healthcare investments, which are projected to attract foreign investments in this region.

The endoscopes market in UAE is experiencing rapid growth during the forecast period. Increase in geriatric population & cancer prevalence and a favorable reimbursement environment drive the demand for endoscopy devices. Health Authority-Abu Dhabi (HAAD) has provided recommendations for treatment of colorectal cancer, which is expected to drive demand for endoscopies. Moreover, changing reforms by HAAD are anticipated to affect market growth.

Endoscopes Market Recent Developments

• In November 2023, Olympus Corporation (Olympus), launched EVIS X1, its next-generation endoscopy system in China. This endoscopy system has been demonstrated at the 6th annual China International Import Expo that was held in Shanghai from November 5th -10th.
  
  
• In March 2023, AIG Hospitals in Hyderabad launched a Center of Excellence (CoE) in collaboration with Boston Scientific. This collaboration aims to enhance healthcare services by providing advanced treatment options and expertise in various medical fields.
  
  
• In January 2023, FUJIFILM India has launched FushKnife, a diathermic slitter and ClutchCutter, a rotatable forceps. The products were introduced at the 63rd Annual Conference of Indian Society of Gastroenterology-ISGCON in Jaipur.

Some of the prominent players in the global endoscopes market include:

• Olympus Corporation
• Boston Scientific Corporation
• PENTAX Medical (Hoya Corporation)
• FUJIFILM Holdings Corporation
• Karl Storz GmbH & Co., KG
• Stryker
• Medtronic
• Ambu A/S
• STERIS plc.

Segments Covered in the Report

This report forecasts revenue growth at 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 endoscopes market

Product

• Endoscopes

• • Reusable Endoscopes

• • • Rigid Endoscopes

• • • • Laparoscopes
      • Arthroscopes
      • Ureteroscopes
      • Cystoscopes
      • Gynecology Endoscopes
      • Neuroendoscopes
      • Bronchoscopes
      • Hysteroscopes
      • Laryngoscopes
      • Sinuscopes
      • Otoscopes
      • Pharyngoscopes
      • Nasopharyngoscopes
      • Rhinoscopes
      • Gastrointestinal Endoscopes

• • • • • Gastroscope (Upper GI Endoscope)
        • Enteroscope
        • Sigmoidoscope
        • Duodenoscope

• • • Flexible Endoscopes

• • • • Laparoscopes
      • Arthroscopes
      • Ureteroscopes
      • Cystoscopes
      • Gynecology Endoscopes
      • Neuroendoscopes
      • Bronchoscopes
      • Hysteroscopes
      • Laryngoscopes
      • Sinuscopes
      • Otoscopes
      • Pharyngoscopes
      • Nasopharyngoscopes
      • Rhinoscopes
      • Gastrointestinal Endoscopes

• • • • • Gastroscope (Upper GI Endoscope)
        • Enteroscope
        • Sigmoidoscope
        • Duodenoscope
        • Colonoscope

• • • Capsule Endoscopes
    • Robot- Assisted Endoscopes

• • Disposable Endoscopes

• • • Laparoscopes
    • Arthroscopes
    • Ureteroscopes
    • Cystoscopes
    • Gynecology Endoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Hysteroscopes
    • Laryngoscopes
    • Otoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
    • Gastrointestinal Endoscopes

• • • • Gastroscope (Upper GI Endoscope)
      • Enteroscope
      • Sigmoidoscope
      • Duodenoscope
      • Colonoscope

• • Capsule Endoscopes

• • Robot- Assisted Endoscopes

End use

• Hospitals
• Outpatient facilities

Regional

• North America
• Europe
• Asia Pacific
• Latin America
• MEA