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Home » Healthcare » Endoscopy Devices Market Size | Industry Forecast 2030

Endoscopy Devices Market By Product (Endoscopes, Rigid Endoscopy Devices, Flexible Endoscopy Devices, Capsule Endoscopy Devices, Disposable Endoscopy Devices, Robot-Assisted Endoscopy Devices, Endoscopy Visualization Systems, Standard Definition (SD) Visualization Systems, High Definition (HD) Visualization Systems, Endoscopy Visualization Component, Operative Devices), By Application (Gastrointestinal (GI) endoscopy, Laparoscopy, Obstetrics/gynecology endoscopy, Arthroscopy, Urology endoscopy (cystoscopy), Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, Other Applications), By End-user (Hospitals, Ambulatory surgery centres, Other end-uses), By Geography, Size, Share, Global Report Forecast, 2021-2030

Published On: Jun-2022   |   Base Year: 2021   |   No Of Pages: 135   |   Historical Data: 2017 - 2020   |   Formats: PDF   |   Report ID: 76375049

Report DescriptionTable of Contents

Industry Report and Statistics

The global endoscopy devices market will witness a robust CAGR of 7.1%, valued at $30.3 billion in 2021, expected to appreciate and reach $56.2 billion by 2030, confirms Strategic Market Research. North America had the greatest revenue share of 42.3 % in the market in 2021. An endoscopy is a technique that uses an endoscope to examine internal body parts like the gastrointestinal tract, respiratory tract, urinary tract, reproductive tract, closed body cavities, digestive tract, etc. Endoscopes are made up of a long, thin tube inserted straight into the body to see an inner organ or tissue in great detail. An endoscope is placed through the mouth into the oesophagus while performing an upper endoscopy that allows the doctor to examine the stomach, oesophagus, and upper portion of the small intestine. Endoscopes can also be introduced through the rectum into the large intestine (colon) to check this part of the intestine. This operation is called sigmoidoscopy or colonoscopy, based on how far up the colon is inspected. Endoscopic retrograde cholangiopancreatography, or ERCP, is an endoscopy that allows images of the gallbladder, pancreas, and adjacent structures. Biopsies and stent implantation are also performed with ERCP. According to the American Cancer Society, CRC (Colorectal Cancer ) affects about 4.4 % of males (1 in 23) and 4.1 % of women (1 in 25) in their lifetime. Men are 30 % more likely than women to get CRC, with the discrepancy being greater for rectal cancer (60 % higher) than colon cancer (20 % higher). A surge in the number of chronic diseases and FGIDs, a rise in the number of the elderly population, higher adaption of technology, and improved R&D are some of the most promising drivers of the industry. 

 

endoscopy devices market share coverage 2020-2030

 

Market Drivers - Growing Demand For Endoscopic Equipment, A Rising Number Of FGID, And A Rise in The Population of Older Adults

  • The growing need for endoscopy equipment in diagnostic and therapeutic procedures drives the endoscopy device market. Using such devices in diagnosing and treating various illnesses is required since it allows for little intervention and a faster recovery period. As minimally invasive surgeries have increased, numerous endoscopes in surgical procedures such as arthroscopy, laparoscopy, and other operations use minimally invasive devices (endoscopic ultrasound to perform ultrasound-guided tissue acquisition). More than 40% of the people globally have functional gastrointestinal disorders, impacting the quality of life and healthcare utilization in a large-scale multinational investigation. 

 

  • Moreover, the industry is predicted to rise as the elderly population grows. According to the United States Census Bureau, the elderly population in the United States is predicted to reach 77 million by 2034. From 2000 to 2020, Harvard Medical School looked at annual medical data on more than 23 million adults aged 67 and up. Crohn's disease cases climbed by 3.4 % per year, whereas ulcerative colitis cases increased by 2.8%.

 

Market Restraints - High Cost of Endoscopy Process, Device Callback, Lack of Skilled Professionals, And Limited Reimbursement.

  • An increasing product recall rate due to a faulty system, higher cost of endoscopy processes like endoscopic retrograde cholangiopancreatography, lack of skilled professionals in devices like endoscopy VR simulators, and limited reimbursement are the factors affecting the growth rate of the industry.

 

Opportunities - Technological Advancement and Improved R&D, And the Growing Popularity of Hyperspectral Imaging

  • For companies in the global industry, R&D of new endoscopic technologies (like augmented reality) is likely to offer attractive development prospects. For example, Xenocor, Inc. was awarded a patent in June 2020 for the Xenoscope Single-use Laparoscopic System, which offers essential protection for materials used in the disposable scope that prevents fogging and increases the clarity of the system's producing pictures.

 

  • Hyperspectral imaging's growing popularity will likely provide attractive growth prospects for participants available globally in the industry. In vivo cancer detection has been achieved using hyperspectral endoscopy devices combined with rigid endoscopy.

 

Market Analysis Of Different Segments Covered in the Report

Based on Product

  • Endoscopes

  • Rigid Endoscopy Devices

  •           Arthroscopes

  •           Laparoscopes

  •           Urology endoscopes

  •           Neuroendoscopes

  •           Gynecology endoscopes

  •           Cystoscopes

  •           Other endoscopy devices

  •   Flexible Endoscopy Devices

  •           Laryngoscopes

  •           Upper GI endoscopes

  •           Bronchoscopes

  •           Rhinoscopes

  •           Colonoscopes

  •           Nasopharyngoscopes

  •           Duodenoscopes

  •           Pharyngoscopes

  •           Sigmoidoscopes

  •           Other Endoscopy Devices

  •  Robot-Assisted Endoscopy Devices

  •  Capsule Endoscopy Devices

  •  Disposable Endoscopy Devices

  •  Endoscopy Visualization Systems

  •  High-Definition Visualization Systems

  •            3D systems

  •            2D systems

  •     Standard Definition Visualization Systems

  •            3D system

  •            2D system

  •     Endoscopy Visualization Components

  •            Light Sources

  •            Insufflators

  •            Camera Heads

  •            Video Processors

  •            Suction Pumps

  •            Endoscopy High-definition monitor

  •     Operative Devices

  •           Snares

  •           Wound Retractors

  •           Suction and Irrigation Systems

  •           Access Devices

  •           Hand Instruments

  •           Energy Systems

 

Based on Application

  • GI endoscopy

  • Otoscopy

  • Obstetrics or gynecology endoscopy

  • Laproscopy

  • Larngoscopy

  • Urology endoscopy or cystoscopy

  • Mediastinoscopy

  • Bronchoscopy

  • Arthroscopy

  • Other applications

 

Based on End-user

  • Ambulatory surgery centers

  • Hospitals

  • Other end-uses

 

Regional Coverage Analysis

North America

  • Canada

  • USA

  • Europe

  • UK.

  • Spain

  • Denmark

  • France

  • Germany

  • Russia

  • Switzerland

  • Italy

 

Asia Pacific

  • India

  • China

  • Australia

  • Japan

  • New Zealand

  • Philippines

  • Indonesia

  • Vietnam

  • Malaysia

  • Thailand

 

Latin America

  • Argentina

  • Brazil

  • Mexico

 

Middle East Africa

  • Qatar

  • Saudi Arabia

  • Israel

  • Kuwait

  • UAE

  • South Africa

 

endoscopy devices market revenue estimation by end user 2020-2030

 

Product Analysis & Insights

The Endoscopy visualization systems segment held the highest revenue due to their increasing acceptance during endoscopy processes and increased application for the diagnosis and visualization of complex diseases such as  GI disorders, cancer, lung disorders, and urinary disorders with a share of 36.5 % in 2021. According to GI Alliance, Twenty million Americans suffer from chronic digestive illnesses, which account for one-quarter of all surgical procedures. Colorectal cancer is the 2nd largest cause of cancer death in men and women in the United States, accounting for about 51,000 fatalities annually. Furthermore, the endoscopes sector registered a CAGR of 9.2 % throughout the projection period for endoscopic equipment. This rapid expansion is attributable to an increase in the total number of endoscopic operations performed and the widespread use of endoscopes to conduct biopsies and surgeries for improved diagnosis and cure. Flexible endoscopes led the endoscopes market in 2021, accounting for a large revenue share because medical professionals prefer them as it imbibes the benefits such as higher efficiency, safety, and improved ergonomics compared to rigid endoscopes. According to the American Society for Metabolic and Bariatric Surgery (ASMBS) findings, 256,000 bariatric surgeries were carried out in the United States in 2019. Endoscopy has become an important tool for evaluating and managing complications and main bariatric procedures, boosting demand for flexible endoscopes.

 

Application Analysis & Insights

The endoscopy devices market was led by the Gastrointestinal (GI) endoscopy sector, and hence the gastrointestinal devices market holds 53.2 % of total revenue. The surging elderly population and the continuous rise in the burden of functional gastrointestinal illnesses are solely responsible for this significant percentage of the market. Moving forward, the urology endoscopy segment is expected to develop quickly throughout the forecasted years due to the rising frequency of chronic urological disorders such as tumors and cancer and the increasing number of cystoscopy surgeries. Colorectal cancer, in men and women, was the third most frequent cancer in 2020, according to the WCRFI, with more than 1.9 million new cases reported. According to the American Cancer Society, 1,880,725 people were detected with colorectal cancer in 2020. Colon cancer accounts for 1,148,515 cases, whereas rectal cancer accounts for 732,210 cases. In 2020, colorectal cancer, the second leading cause of cancer-related death worldwide, killed 915,880 people. Because cystoscopy is one of the most common ways to diagnose bladder cancer, it is expected to drive sector development in the coming years.

 

End-User Analysis & Insights

The hospital sector led the market for endoscopic equipment, accounting for 48.1 % of total sales. Hospitals are widely regarded as the main health care providers, and the patient population's growing preference for hospitals to diagnose and treat chronic illnesses is propelling sector expansion. Around 85 % of individuals, according to the National Council on Aging, have at least one chronic illness. Chronic illnesses account for $3.8 trillion in annual healthcare costs. Chronic pain and diabetes are the costliest chronic conditions, with yearly costs of $635 billion and $327 billion. Furthermore, the ambulatory surgery centers/clinics sector is expected to grow fastest throughout the projection years. Some of the primary elements projected to fuel the segment's growth include the growing demand for minimally invasive surgeries to cut total costs and the number of hospitalization days.

 

Region Analysis & Insights

North America had the greatest revenue of 42.3 % in the market in 2021, attributable to the rising prevalence of chronic illnesses such as diabetes, cancer, cardiovascular disease, and functional gastrointestinal problems. According to the American Heart Association, approximately 605,000 new heart attacks and 200,000 repetitive heart attacks occur in the United States. A stroke occurs every 40 seconds, resulting in one out of 19 fatalities. The rise in the number of endoscopic operations done in the United States is projected to propel the industry to grow at a rate of roughly 7.2 % during the projected period. Furthermore, due to the huge population and rising count of patients with functional gastrointestinal problems in the Asia Pacific, the industry is predicted to develop quickly throughout the forecast years. The market in India is projected to register a CAGR of 6.91% during the forecast period. According to one research article, In 2035, a 2.5-fold increase in prevalence was predicted for Iran, with 69 thousand cases, a 2.3-fold increase for North Africa and the Middle East with 220 thousand cases, a quadrupling of prevalence for India with 2.2 million cases, a 1.5-fold increase for East Asia with 4.5 million cases, and a 1.6-fold increase for the high-income Asia Pacific and Southeast Asia regions with 183 and 199 thousand cases, respectively, compared to 2020.

 

Endoscopy Devices Market Report Coverage

Report Attribute

Details

Forecast Period

2021 - 2030

The market size value in the year 2021

USD 30.3 billion

The revenue forecast in the year 2030

USD 56.2 billion

Overall Growth rate

CAGR of 7.1 %

The base year for estimation

2021

Historical data

2017 – 2020

Unit

USD Billion, CAGR (2021 - 2030)

Segmentation

By Product, By Application, By End Users, By Region.

By Product

Endoscopes, Endoscopy Visualization Systems

By Application

Gastrointestinal (GI) endoscopy, Arthroscopy, Laparoscopy, Obstetrics or Gynecology Endoscopy, Urology endoscopy or cystoscopy, Laryngoscopy, Bronchoscopy, Mediastinoscopy, Otoscopy, Other applications.

By End-User

Ambulatory surgical centers, Hospitals, and Other end-uses

By Region

North America, Asia Pacific, Europe, Latin America, The Middle East, and Africa

Country Scope

India, France, United States, Mexico, Canada, Germany, UK, France, China, Italy, Japan, etc

Company Usability Profiles

J&J Services Inc., Interscope Inc., Micro-Tech Endoscopy, Stryker, OLYMPUS, KARL STORZ Gmbh & Co. KG, FUJIFILM, Shaili Endoscopy, Cantel Medical.

 

Global Endoscopy Devices Market Competitive Landscape Analysis

The competitive landscape scenario presents a detailed analysis of the major industry players operating in the global and regional markets. Product innovation and continued R&D operations, SWOT analysis and  Porter’s five forces to create sophisticated technologies have assisted the overall market growth. In the target market, there are many key companies, and some of the industries are:

 

endoscopy devices market regional coverage 2020-2030

 

Recent Developments:

  • On 18th April 2022, The US FDA gave SonoScape's HD-550 endoscopy system 510(k) clearance for gastrointestinal diagnostics. The video endoscopy system includes a high-quality 4-LED light source with 1080P and multi-mode and multi-spectrum capabilities. It enables the capturing and recording of photographs and videos and access to patient data to create and edit reports without the need for additional software. The HD-550 consists of chromoendoscopy versatile, intelligent staining technology and spectrum-focused imaging (SFI) light modes that improve mucosal and vascular colour contrast and complement the white-light mode.

 

  • On 4th March 2022, at ECR 2022 Overture, an online event held on March 2-6, FUJIFILM Healthcare Europe demonstrated ECHELONTM Smart Plus with 'REALISE Plus,' a superconductive 1.5T MRI system with a completely new version of the SynergyDrive Automation Suite. Thanks to an excellent improvement of the SynergyDrive Automation Suite, ECHELON Smart Plus with 'REALISE Plus' goes to the next level. SynergyDrive was created to eliminate bottlenecks in the MRI workflow by scanning and streamlining essential operations, resulting in speedy, reliable findings and high-quality images.

 

  • On 26th August 2021, the ELUXEO 7000X endoscopic Imaging System was commercially released by Fujifilm Holdings Corporation. This innovative imaging technology allows for real-time observation of hemoglobin oxygen saturation (StO2) levels in tissue during laparoscopic and endoluminal imaging procedures.

 

  • On 27th January 2021, Olympus Corporation acquired Quest Innovations. Due to the purchase, Olympus expanded its surgical endoscopic capabilities and added Quest's advanced FIS capabilities to its entire medical imaging platform.

 

  • On 23rd April 2020, EVIS X1, Olympus Corporation's most sophisticated endoscopic system to date, was released. By offering every endoscopist unique and established technologies, the new system aims to enhance outcomes from stomach disorders, colon, oesophagus, and bronchial ailments. Olympus' leadership in endoscopy and continuous medical emphasis is further strengthened with the debut of EVIS X1.

 

Various Types of Equipment that the Key Industry Players are Manufacturing:

Name of the Device

Feature

Key Player

  GF-UE160-AL5

 

The GF-UE160-AL5 improves resolution and penetration depth, making it simpler to establish blood flow conditions in the pancreatobiliary area.

   OLYMPUS

 

  1588 AIM

 

With nine specialized surgical camera specialty settings and five sophisticated imaging modalities: ENV, IRIS, Clarity, DRE, and DESAT, this high-definition camera system can assist discern important anatomy.

   Stryker

 

  PlasmaTYPHOON

 

By completely drying the scopes, PlasmaTYPHOON reduces the danger of infection. Inadequate drying might result in microbial contamination and infectious material transfer.

   PENTAX

 

 

Frequently Asked Question About This Report

b: Endoscopy market share is projected to grow at a CAGR of 7.1 %.

b: Top industry players are: J&J Services Inc., Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Stryker, OLYMPUS, KARL STORZ Gmbh & Co. KG etc.; out of which Olympus endoscope market share was 70 %.

b: An endoscopy is a procedure in which a doctor inserts an instrument called an endoscope into a patients body. Most endoscopes are slender tubes with a bright light and a small camera at the tip.

b: Endoscopy is a medical treatment that allows a doctor to look into a patients body for foreign body management without significant surgery.

b: Standard upper endoscopes have an exterior diameter of 8.0 to 9.8 mm and a 2.4 to 2.8 mm channel diameter. Therapeutic channel scopes have an outside diameter of 11.3 to 13.2 mm, a 3.2 to 3.7 mm instrument channel, and twin channels up to 3.8 mm in diameter in bigger scopes.

b: Endoscopes are made up of a long, thin tube inserted straight into the body to see an inner organ or tissue in great detail.

b: The types of equipment are: polypectomy devices, capsule enteroscopy devices, endoscopy VR simulators, video capsule endoscopy devices, Roth net retrieval devices, urology devices, colonoscopy devices, sigmoidoscopy devices, bleed management and irrigation devices (GI endoscopy devices), otoscopy devices, laparoscopy devices, enteroscopy devices like video capsule enteroscopy devices, biopsy forceps, disposable endoscopy devices, trocar sleeves, tissue scissors and cutters, burs, cleaning brushes, tube sets, tissue staplers, ligation devices, suturing systems, etc.

b: Endoscopy devices market share will be $ 56.2 billion by 2030.

b: Endoscopy devices market size was $ 30.3 billion in 2021 and is estimated to reach $56.2 Billion by 2030, representing a CAGR of 7.1%.

b: In 2020, the Global Endoscopy Devices Market share was USD 30.3 billion. It is predicted to reach USD 56.2 billion by 2030, with a CAGR of 7.1% throughout the forecasted period.

Sources

https://www.cancer.org/cancer/colon-rectal-cancer/about/key-statistics.html

https://www.census.gov/newsroom/press-releases/2018/cb18-41-population-projections.html

https://gialliance.com/gastroenterology-blog/digestive-disease-continues-to-rise-among-americans

https://asmbs.org/resources/estimate-of-bariatric-surgery-numbers

https://www.ncoa.org/article/get-the-facts-on-chronic-disease-self-management