The global Endoscopes Market size was valued at USD 15.5 billion in 2023, and the market is projected to reach USD 27.3 billion by the end of 2030, with growth at a CAGR of 8.4% during the forecast report 2023-2030.
Endoscopes are medical instruments used for the visualization of internal organs and structures in the human body. They are widely used in various medical fields, including gastroenterology, pulmonology, urology, gynecology, and orthopedics. Endoscopes consist of a flexible or rigid tube equipped with a light source, camera, and other specialized instruments for diagnosis, treatment, or surgical procedures.
Market Dynamics:
Drivers:
The worldwide endoscopy devices market is expected to develop significantly during the projected period, owing to technical improvements in endoscopes that may be utilised for early illness detection and an increase in the prevalence rate of diseases that need endoscopic equipment. Furthermore, favourable FDA approvals and reimbursement policies for endoscopic equipment in developed countries, an increase in patient preference for less invasive operations, quicker recovery time, and low postoperative complications boost growth in the worldwide endoscopy devices market.
Restraints:
Nevertheless, a lack of qualified physicians and endoscopists, as well as infections produced by a few endoscopes, limit market expansion.
Market Opportunities:
-Rising Incidence of Chronic Diseases:
The increasing prevalence of chronic diseases such as cancer, gastrointestinal disorders, and respiratory diseases is expected to drive the demand for endoscopic procedures. According to the World Health Organization, cancer is the second leading cause of death globally, with an estimated 9.6 million deaths in 2018. The growing burden of chronic diseases is expected to create significant opportunities for players in the endoscope market.
-Technological Advancements:
Technological advancements in endoscopy have led to the development of advanced endoscopes that provide high-resolution images, improved maneuverability, and enhanced diagnostic and therapeutic capabilities. For instance, the introduction of high-definition endoscopes has significantly improved the visualization of internal organs and structures. Moreover, the development of capsule endoscopes, robot-assisted endoscopy, and virtual endoscopy is expected to create new growth opportunities for players in the endoscope market.
Market Challenges:
-High Cost of Endoscopic Procedures:
Endoscopic procedures can be costly, and the high cost of these procedures could limit their adoption in certain regions. Moreover, the cost of endoscopic equipment and maintenance can be expensive, which could pose a challenge for small clinics and healthcare facilities.
-Lack of Skilled Professionals:
Endoscopic procedures require specialized skills and training, and the lack of skilled professionals could limit the adoption of these procedures. The shortage of skilled professionals is particularly acute in developing countries, where access to training and resources is limited.
By Product:
By Application:
By End User:
Application Insights:
Based on application, the market is divided into gastrointestinal endoscopy, laparoscopy, arthroscopy, bronchoscopy, mediastinoscopy, otolaryngology endoscopy, and others. Gastrointestinal endoscopy accounted for the largest market share owing to the increasing incidence of gastrointestinal diseases and the growing demand for minimally invasive procedures.
End User Insights:
Based on end-user, the market is segmented into hospitals, ambulatory surgical centers. Hospitals accounted for the largest market share owing to the high volume of endoscopic procedures performed in hospital settings and the availability of advanced infrastructure and resources.
Regional Analysis:
Geographically, the global endoscope market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest market share owing to the presence of a large number of key players, increasing investments in research and development activities, and the high prevalence of chronic diseases.
Competitive Landscape:
Some of the major companies propel to the market growth include
1. Executive Summary
1.1 Introduction to Endoscopes Markets
1.2 Endoscopes Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Endoscopes Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Endoscopes Market Trends
3.2 Key Endoscopes Market Growth Drivers
3.3 Key Endoscopes Market Growth Restraints
4 Endoscopes Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Endoscopes Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Endoscopes Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Endoscopes Market Size Outlook to 2030
5. Endoscopes Market Segmentation- Outlook by Type
5.1 Endoscopes Market Share Analysis by Type, 2023
5.2 Flexible Endoscopes Market Outlook to 2030
5.3 Rigid Endoscopes Market Outlook to 2030
5.4 Capsule Endoscopes
5.5 Disposable Endoscopes
5.6 Robot Assisted Endoscopes
6. Endoscopes Market Segmentation- Outlook by Application
6.1 Endoscopes Market Share Analysis by Application, 2023
6.2 Arthroscopy Market Outlook to 2030
6.3 Urology Endoscopy Market Outlook to 2030
6.4 Laparoscopy Market Outlook to 2030
6.5 Gastrointestinal (GI) Endoscopy Market Outlook to 2030
6.6 Bronchoscopy Market Outlook to 2030
6.7 Mediastinoscopy Market Outlook to 2030
6.8 Gynecology Endoscopy Market Outlook to 2030
6.9 Otoscopy Market Outlook to 2030
6.10 Laryngoscopy Market Outlook to 2030
6.11 Other Applications
7. Endoscopes Market Segmentation- Outlook by End-User
7.1 Endoscopes Market Share Analysis by End-User, 2023
7.2: Hospitals and Clinics Endoscopes Market Outlook to 2030
7.3: Ambulatory Surgery Centers Endoscopes Market Outlook to 2030
7.4 Others
8. North America Endoscopes Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Endoscopes Market Growth Opportunities
8.2.1 North America Endoscopes Market Outlook by Type, 2021 to 2030
8.2.2 North America Endoscopes Market Outlook by Application, 2021 to 2030
8.2.3 North America Endoscopes Market Outlook by Country, 2021 to 2030
8.3 United States Endoscopes Market Outlook, 2021 to 2030
8.4 Canada Endoscopes Market Outlook, 2021 to 2030
8.5 Mexico Endoscopes Market Outlook, 2021 to 2030
9. Europe Endoscopes Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Endoscopes Market Growth Opportunities
9.2.1 Europe Endoscopes Market Outlook by Type, 2021 to 2030
9.2.2 Europe Endoscopes Market Outlook by Application, 2021 to 2030
9.2.3 Europe Endoscopes Market Outlook by Country, 2021 to 2030
9.3 Germany Endoscopes Market Outlook, 2021 to 2030
9.4 France Endoscopes Market Outlook, 2021 to 2030
9.5 United Kingdom Endoscopes Market Outlook, 2021 to 2030
9.6 Spain Endoscopes Market Outlook, 2021 to 2030
9.7 Italy Endoscopes Market Outlook, 2021 to 2030
9.8 Other Europe Endoscopes Market Outlook, 2021 to 2030
10. Asia Pacific Endoscopes Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Endoscopes Market Growth Opportunities
10.2.1 Asia Pacific Endoscopes Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Endoscopes Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Endoscopes Market Outlook by Country, 2021 to 2030
10.3 China Endoscopes Market Outlook, 2021 to 2030
10.4 Japan Endoscopes Market Outlook, 2021 to 2030
10.5 India Endoscopes Market Outlook, 2021 to 2030
10.6 South Korea Endoscopes Market Outlook, 2021 to 2030
10.7 Indonesia Endoscopes Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Endoscopes Market Outlook, 2021 to 2030
11. South and Central America Endoscopes Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Endoscopes Market Growth Opportunities
11.2.1 South and Central America Endoscopes Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Endoscopes Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Endoscopes Market Outlook by Country, 2021 to 2030
11.3 Brazil Endoscopes Market Outlook, 2021 to 2030
11.4 Argentina Endoscopes Market Outlook, 2021 to 2030
11.5 Other Latin America Endoscopes Market Outlook, 2021 to 2030
12. Middle East and Africa Endoscopes Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Endoscopes Market Growth Opportunities
12.2.1 Middle East and Africa Endoscopes Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Endoscopes Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Endoscopes Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Endoscopes Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Endoscopes Market Outlook, 2021 to 2030
12.5 Other Middle East Endoscopes Market Outlook, 2021 to 2030
12.6 Egypt Endoscopes Market Outlook, 2021 to 2030
12.7 South Africa Endoscopes Market Outlook, 2021 to 2030
12.8 Other Africa Endoscopes Market Outlook, 2021 to 2030
13. Profiles of major world Endoscopes Companies
13.1 Olympus Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 Stryker Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 Ethicon Endo-Surgery, Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 Covidien Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Aesculap, Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 Boston Scientific
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 Arthrex, Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.8 Smiths Group
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.9 Karl Storz
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.10 Richard Wolf GmbH
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.11 ConMed
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.12 Fujifilm Holdings Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
By Product:
By Application:
By End User:
Increasing preference for minimally invasive surgeries, investments in new product launches, business expansion opportunities in Asia Pacific and Latin American markets, growing geriatric population and increasing healthcare expenditures support the market outlook.
The global Endoscopes market stood at 10.8 billion, driven predominantly by flexible endoscopes.
The global endoscopes market is poised to register 8.26% growth rate, compounded annually between 2023 and 2030
Olympus Corporation, Stryker Corporation, Ethicon Endo-Surgery, Inc, Covidien Plc, Aesculap, Inc, Boston Scientific, Arthrex, Inc, Smiths Group, Karl Storz, Richard Wolf GmbH, Hoya Corporation, ConMed, Fujifilm Holdings Corporation, and others
Disposable endoscopes present robust growth opportunities across healthcare settings.