ENDOSCOPY DEVICE MARKET ANALYSIS
Global endoscopy device market is estimated to be valued at USD 38.12 Bn in 2024 and is expected to reach USD 63.54 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
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Growing aging population & subsequently growing disease incidence, rising preference for minimally invasive procedures, technological advancements can boost demand for endoscopy devices. Increasing healthcare expenditure and demand for early disease diagnosis and treatment can drive the market growth. However, shortage of skilled workforce and post-procedure complications & risks associated with few endoscopy devices can hamper the market growth over the forecast period.
Increasing prevalence of cancer and gastrointestinal diseases
Rising cases of cancer and gastrointestinal diseases across the globe can drive the endoscopy device market growth. Cancer has become one of the leading causes of mortality worldwide with an estimated 19 million new cases and 10 million cancer deaths in 2025. Various types of cancers like lung cancer, breast cancer, colorectal cancer are rising especially in developed nations, owing to changing lifestyles and increased life expectancy. Endoscopy devices play a vital role in early detection and screening of cancer. Procedures like colonoscopy, upper GI endoscopy helps in examining the digestive tract for abnormalities, which may indicate cancer at curable stages. This has increased demand for endoscopes and other visualization devices for diagnostic and therapeutic procedures related to cancers. Gastrointestinal disorders like Crohn's disease, ulcerative colitis, irritable bowel syndrome are also rising and these conditions require regular monitoring and evaluation, which is only possible through minimally invasive endoscopic examinations. Endoscopy finds application in conditions affecting the esophagus, stomach and intestines allowing physicians to inspect the inner lining, take biopsies for testing and treat certain conditions. Growing disease burden of cancers and GI disorders has prompted governments and healthcare systems to invest more in prevention, screening and treatment stimulating the need for advanced endoscopy equipment. With rising health awareness, people are also opting for preventive endoscopies which was traditionally considered for symptomatic reasons. This changing perception has boosted demand for these devices.
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Growing preference for minimally invasive surgeries
Global endoscopy device market growth is driven by shifting preferences towards minimally invasive surgical techniques. Open surgeries inherently involve larger incisions, extensive tissue dissection, and longer recovery periods. However, endoscopic procedures require just small incisions leaving minimal scarring and trauma. Patients are opting for endoscopy due to benefits like reduced hospital stay, quicker recovery times, minimization of complications, and improved cosmetic outcomes. Moreover, it also allows surgeons to access interior organs and conduct surgical maneuvers through natural body openings avoiding external incisions completely. This has proven advantageous especially in geriatric population and obese patients with comorbidities. Endoscopy is being increasingly adopted for therapeutic applications beyond traditional diagnostic procedures. Advanced energies devices are available which can treat gastrointestinal bleedings, remove polyps, dilate strictures, place stents and perform bariatric procedures through the endoscope. The availability of new technological additions like 3D imaging systems, flexible scopes, robot-assisted platforms also support complex surgeries to be performed through minimal access routes. With growing clinical evidence on superiority of endoscopy driven procedures over open surgeries, patients are demonstrating high willingness to pay. This shift in surgical trends from open to endoscopy has spurred developments in the sector and drives growth of the endoscopy device market.
Key Takeaways from Analyst:
Global endoscopy device market growth is driven by rising prevalence of chronic diseases such as cancer and gastrointestinal disorders. Increasing preference for minimally invasive surgical procedures among patients can also drive the market growth. Technological advancements leading to enhanced endoscopy devices with improved visualization and functionality can also boost adoption rates. Asia Pacific is poised to dominate the market during the forecast period. Developing healthcare infrastructure and rising medical tourism in the region provide an opportunity for market players to penetrate emerging Asian countries. However, high costs associated with innovative endoscopy devices can hamper the market growth. The lack of skilled professionals and inadequate reimbursement policies in developing nations also pose challenges for the market growth. North America currently dominates the market. Europe market will continue to provide lucrative opportunities. Favorable demographic trends and investments in novel technologies can offer growth opportunities. The successful introduction of advanced product offerings will determine the market leaders over the long term.
Market Challenges: High cost of endoscopy procedures
Global endoscopy device market growth can be hampered by high cost associated with endoscopy procedures. Endoscopy devices are expensive, owing to their advanced technological features and precision engineering. Furthermore, hospitals charge significant fees for each endoscopy procedure performed. This makes endoscopy among the costliest medical procedures for common patients. The high costs pose a serious barrier for people in developing nations and those lacking health insurance. Thus, millions remain deprived of early cancer screening and other GI-related diagnoses that could be made via endoscopy. Unless costs are brought down through innovative financing solutions or lower-priced devices, endoscopy will likely remain inaccessible for large sections of the global population.
Market Opportunities: Development of Capsule Endoscopy and Robotic Endoscopy
Ongoing development of novel technologies like capsule endoscopy and robotic endoscopy can offer growth opportunities for global endoscopy device market. Capsule endoscopy involves ingesting a small pill-sized camera to noninvasively examine the whole gastrointestinal tract. This method avoids painful procedures and has potential to drastically lower costs. Robotic endoscopy utilizes futuristic robot-assisted systems controlled by physicians to perform minimally invasive endoscopies. Such technologies promise to make endoscopy procedures safer, more accurate and accessible to widespread global populations. Significant industry investments are being made to commercialize promising prototypes. If successfully introduced, capsule and robotic endoscopy could revolutionize endoscopy practices worldwide and usher in a new phase of high growth for the overall endoscopy device market.
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By Product Type - Advances in rigid endoscope technologies
In terms of product type, rigid endoscopes segment is estimated to contribute the highest market share of 40% in 2024, as continuous technological advancements have made rigid endoscopy a preferred option for various diagnostic and therapeutic applications. Rigid endoscopes offer superior optical clarity and more robust functionality due to their rigid structure as compared to flexible endoscopes. Recent innovations such as the development of ultrathin rigid endoscopes have increased their adoption for procedures such as arthroscopy, laparoscopy, hysteroscopy and others. High-definition cameras and advanced illumination techniques are further enhancing the image quality provided by rigid endoscopes. The integration of robotic technologies with rigid endoscopes is another key area of ongoing research. Robotically-controlled rigid endoscopes can improve surgical accuracy and allow for minimally invasive procedures. Augmented reality and 3D imaging solutions are also being incorporated to provide surgeons with advanced visualization during procedures. Wider availability of single-use rigid endoscopes is boosting safety and convenience especially in emerging markets. With continued technology advances addressing current limitations, rigid endoscopes are poised to capture an even higher share of the global endoscopy market.
By Application - Prevalence of gastro intestinal disorders
In terms of application, gastrointestinal endoscopy segment is estimated to contribute the highest market share of 52% in 2024, due to rising incidence of gastrointestinal disorders globally. Peptic ulcers, inflammation, cancer and other digestive diseases have significant public health impact and economic burden. Gastrointestinal endoscopy allows for direct internal examination of the oesophagus, stomach and intestines. Procedures such as esophagogastroduodenoscopy and colonoscopy are indispensable for diagnostic evaluation and management of a range of GI conditions. These enable tissue biopsies, polyp removal and other minimally invasive therapies. Population aging and adoption of western lifestyles in developing nations have majorly contributed to rising GI disease prevalence. Obesity, smoking, excessive alcohol intake can also contribute to the disease. Early detection through endoscopic screening programs has additionally boosted demand for endoscopy in gastrointestinal applications. Novel endoscopic biopsy techniques also allow for improved diagnosis of GI cancers. With limited non-invasive alternatives, gastrointestinal endoscopy will continue to be the standard of care for GI disorders globally. The segment growth is driven by increasing health awareness and access to endoscopy services worldwide.
By End User - Growth in hospital-based endoscopy facilities
In terms of end user, hospitals & clinics segment is estimated to contribute the highest market share of 60% in 2024, owing to large in-house endoscopy facilities established in major hospitals. Hospitals provide dedicated endoscopy suites, trained staff and multidisciplinary teams required for complicated endoscopic procedures. These also serve a large patient volume through both outpatient and inpatient gastrointestinal, urology, pulmonary and other endoscopy facilities. Availability of advanced endotherapy options alongside quality peri-procedural care attracts more complex cases to hospitals. Rising healthcare investments and government policies focusing on tertiary and quaternary care have enabled many hospitals to significantly scale up their endoscopy services. This has not only led to greater hospitalization rates but also increased the adoption of high-end capital equipment such as visualization systems, therapy devices, and robotic platforms. Growing medical tourism in regions like Asia Pacific can boost demand from hospital. The trend towards centralized endoscopy procedures performed in fully-equipped hospitals by specialized gastroenterologists rather than alternate settings can drive the segment growth.
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North America dominates the global endoscopy device market with an estimated market share of 40.3% in 2024, owing to the strong presence of key industry players in the region. The U.S. accounts for the largest share of the market due to the advanced healthcare infrastructure and higher adoption rates of minimally invasive surgeries. Several leading OEMs such as Olympus, Boston Scientific, Johnson & Johnson, and Medtronic have their corporate headquarters located in the U.S., allowing for greater R&D investments and new product launches. Presence of well-established medical facilities, favorable reimbursement policies, and higher healthcare spending also drives the market growth. The North America market also benefits from trade agreements within the region that facilitate imports and exports between countries.
Asia Pacific region is poised to emerge as the fastest growing market for endoscopy devices. Rapid infrastructure development and government initiatives aimed at modernizing healthcare systems across developing nations can drive the market growth. Countries such as China, India, Japan, and South Korea have become major manufacturing hubs, attracting global medical device giants to set up manufacturing facilities. This has made endoscopy devices more affordable and accessible within the region through localized production. Furthermore, rising medical tourism and the growing prevalence of diseases requiring endoscopy procedures have increased demand. Unlike developed markets, the Asia Pacific region offers comparatively lower operation costs for OEMs, allowing them to price their products competitively. The strengthening economic conditions alongside rising disposable income levels of consumers have also contributed to market expansion.
Endoscopy Device Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 38.12 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 7.6% | 2031 Value Projection: | US$ 63.54 Bn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Olympus Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, KARL STORZ SE & Co. KG, Stryker Corporation, Medtronic, plc, Johnson & Johnson, Smith & Nephew plc, Richard Wolf GmbH, Cook Medical, HOYA Corporation, Nipro Corporation, Ambu A/S, Intuitive Surgical, Inc., B. Braun Melsungen AG, Teleflex Incorporated, CapsoVision, Inc., Laborie Medical Technologies Inc., DantschkeMedizintechnik GMBH & Co. KG, Fortimedix Surgical B.V. |
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| Restraints & Challenges: |
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*Definition: Global endoscopy device market consists of companies that manufacture and sell endoscopy equipment and accessories used for minimally invasive diagnostic and surgical procedures inside the body. Some key products in this market include endoscopes, visualization systems, surgical instruments, accessories like biopsy valves and brushes, and other auxiliary equipment used in endoscopic examinations and surgeries across various medical specialty areas like gastroenterology, pulmonary, ENT, and urology. The devices aid in early disease diagnosis and less invasive.
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About Author
Komal Dighe is a Management Consultant with over 8 years of experience in market research and consulting. She excels in managing and delivering high-quality insights and solutions in Health-tech Consulting reports. Her expertise encompasses conducting both primary and secondary research, effectively addressing client requirements, and excelling in market estimation and forecast. Her comprehensive approach ensures that clients receive thorough and accurate analyses, enabling them to make informed decisions and capitalize on market opportunities.
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