ENDOSCOPY DEVICE MARKET ANALYSIS

Endoscopy Device Market Size and Trends

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.

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.