The Global Endoscopy Equipment Market size is valued at around USD 29.81 billion in 2023 and is estimated to grow at a CAGR of about 7.12% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Endoscopy Equipment Market
Global Endoscopy Equipment Market Driver: Growing Preference for Minimally Invasive Surgeries for Chronic Disorders
The demand for endoscopy equipment has been experiencing a substantial surge owing to a rise in minimally invasive surgeries. This is mainly due to the growing awareness among patients grappling with a range of health issues, such as orthopedic disorders, neurological conditions, GERD, cancer, and others. Due to this, patients are increasingly inclined towards minimally invasive surgical (MIS) procedures as they offer numerous advantages, such as reduced postoperative discomfort, quicker recovery times, and shorter hospital stays. These benefits enhance the effectiveness of treatments and provide more cost-efficient and safer treatment compared to conventional open surgeries.
Consequently, there is a rapid demand for endoscopic equipment. This heightened demand is fueled by the need to diagnose and treat the substantial patient population dealing with chronic disorders, hence collectively enhancing the Global Endoscopy Equipment Market size during 2024-30.
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Scope of the Report and Endoscopy Equipment Market Segmentation
By Product
-Endoscopes
--Rigid
--Flexible
--Capsule
--Disposable
--Robot-assisted
-Visualization System
--Endoscopic Camera
--Standard Definition (SD) Visualization System
-High Definition (HD) Visualization System
-Accessories
-Others (Fluid Flushing Device, Valves, etc.)
- Flexible Endoscopes hold the dominating share of the Global Endoscopy Equipment Market.
By Application
-Gastrointestinal (GI) Endoscopy Equipment
-Laparoscopy
-Obstetrics/Gynecology Endoscopy Equipment
-Arthroscopy
-Urology Endoscopy Equipment (Cystoscopy)
-Bronchoscopy
-Others (ENT Endoscopy Equipment, Neuro Endoscopy Equipment, etc.)
By End User
-Hospitals
-Ambulatory Care Centers
-Specialty Clinics
Top leading companies in the Endoscopy Equipment Market includes:
Arthrex Inc., B Braun Melsungen, Boston Scientific Corporation, CONMED Corporation, Ethicon Endo-Surgery, LLC (Johnson & Johnson), FUJIFILM Holdings Corporation, Intuitive Surgical, Inc., Karl Storz SE & Co. KG, Machida Endoscope Co., Ltd., Medtronic Plc (Covidien), Olympus Corporation, PENTAX Medical (HOYA), Richard Wolf GmbH, Smith & Nephew Plc, Stryker Corporation, and others
Endoscopy Equipment Market Development
- 2023, Karl Sortz acquired AventaMed, with the aim of becoming a cutting-edge collaborator for ENT surgeons in their pursuit of advanced endoscopic treatments, thus empowering various healthcare facilities to provide more effective solutions for their patients
- 2023, Fujifilm Holdings Corporation announced the expansion of its endoscopy solutions portfolio by unveiling the Clutch Cutter and Fush Knife in India.
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Geographical analysis:
North America: USA, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Europe: The UK, Germany, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Singapore, Rest of Asia-Pacific
Middle East & Africa: Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa
- North America is the largest market for endoscopy in the world and is expected to remain so in the coming years.
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