Endoscopy Devices Market Size Expanding US$ 67.37 Bn by 2027


The endoscopy devices market size is estimated to reach US$ 67.37 billion by the end of 2027, registering a CAGR of 7.5% from 2020 to 2027. The report provides the overall revenue of the global endoscopy devices market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Endoscopy Devices Market Size 2016 to 2027

An endoscopy refers to a procedure that enables surgeons or physicians to look interior parts of the organ. This technique is applied for both therapeutic and diagnostic purposes. To perform endoscopy a particular instrument is used known as an endoscope. There are various types of endoscopes available in the market and the adoption of endoscope depends upon the type of the affected body organ, for example, arthroscopes are preferred for problems related to joints, bronchoscopes are used for lungs associated problems, and similarly many other endoscopes are available.

Other instruments essential during an endoscopic procedure include cytology brush, biopsy forceps, trocar sleeves, flexible forceps, etc. For therapeutic purpose, the endoscopic devices are either attached or transited across surgical instruments to perform a particular surgery. Endoscopic surgery is a type of marginally invasive surgery in which the device is inserted inside the human body through small incisions to properly examine the internal organs.

We customize your report according to your research need. REQUEST CUSTOMIZED COPY OF REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/customization/1095

Report Highlights

  • North America accounted for the largest revenue share owing to increase in preference for minimally invasive surgeries, and increase in geriatric population
  • The Asia Pacific anticipated as the most opportunistic region during the forecast period due to substantial economic growth and improving healthcare infrastructure
  • Endoscopy visualization systems captured the largest value share in the global market in 2019 attributed to the rising preference for High Definition (HD) visualization system by medical professionals
  • The endoscopes segment projected to exhibits lucrative growth over the analysis period. Flexible endoscopes dominated the segment with the highest value share in 2019.
  • Based on application, GI endoscopy occupied the largest revenue share accounting for more than half of the total market value due to rising prevalence of GI disease
  • Urology endoscopy (cystoscopy) projected to exhibit the fastest growth during the analysis period owing to increased number of ureteroscopic interventions performed
  • By end-use, hospitals segment encountered to be the largest end-user in the year 2019, as it is the primary health center in majority of countries
  • The ambulatory surgical centers expected to witness prominent growth over the analysis period because of cost-effective ASC-based endoscopic procedures

Growth Factors

Advancement in the endoscopy technology, increasing prevalence of chronic diseases, and increased funding as well as reimbursement for screening & treatment using endoscopic techniques significantly promote the market growth of the endoscopy devices. In addition, increasing popularity of minimally invasive surgery also creates huge scope for the growth of market.

As per the study conducted by the American Cancer Society, in the United States individuals with age more than 50 years depicted to contribute around 90% colorectal cancer (CRC) cases in the country; along with this, colonoscopy refers to be the most effective commonly adopted procedure for the screening and diagnosis of CRC in older population. Moreover, increasing geriatric population across the world has positively influenced the endoscopic devices market. Simultaneously, older adults are highly vulnerable for health problems such as gastrointestinal problems, ophthalmic diseases, cancer, orthopedic diseases, and many others because of lower immunity that in turn, complicate the therapeutic and diagnostic options.

World Health Organization (WHO) has estimated that the group of aged people in the world with more than 60 years will nearly double by the end of 2050. Specifically in the United States, more than 20% of the population estimated to come under the age group of 65 years or above by the year 2030.

Regional Snapshots

In 2019, North America led the global endoscopy devices market and anticipated to maintain its dominance in the coming years. This is primarily accounted to the rising incidence of cancer, favorable reimbursement scenario in the U.S., increasing research activities to enhance endoscopy devices, increasing investments by hospitals for purchasing new endoscopic equipment, and the implementation of a new funding model for Canadian hospitals.

On the other hand, the Asia Pacific predicted to be the fastest growing region owing to significant number of developing nations present in this region, such as India and china. Furthermore, increasing patient population of gastrointestinal and cancer diseases in the developing countries expected to spur the demand for endoscopes in the region.

Key Players & Strategies

The global endoscopy devices market is highly competitive as the market payers are investing prominently on the research & development activity along with an intense focus towards new product launch, product enhancement & development. Olympus Corp. is one of the largest endoscopy device manufacturers that account for nearly 70% market share in the GI endoscopy application segment.

Various renowned participants in the endoscopy devices market include:

  • Ethicon Endo-Surgery, LLC
  • Olympus Corporation
  • Stryker Corporation
  • Boston Scientific Corporation
  • Fujifilm Holdings Corporation
  • Smith & Nephew Inc.
  • Karl Storz GmbH & Co. KG
  • Richard Wolf GmbH
  • PENTAX Medical
  • Medtronic Plc (Covidien)
  • Machida Endoscope Co., Ltd.

Segments Covered in the Report

By Product

  • Endoscopes
    • Flexible Endoscopes
      • Colonoscopes
      • Upper Gastrointestinal Endoscopes
      • Sigmoidoscopes
      • Bronchoscopes
      • Pharyngoscopes
      • Laryngoscopes
      • Nasopharyngoscopes
      • Duodenoscopes
      • Rhinoscopes
      • Other Flexible Endoscopes
    • Rigid Endoscopes
      • Arthroscopes
      • Laparoscopes
      • Cystoscopes
      • Urology Endoscopes
      • Neuroendoscopes
      • Gynecology Endoscopes
      • Other Rigid Endoscopes
    • Disposable Endoscopes
    • Capsule Endoscopes
    • Robot Assisted Endoscope
  • Endoscopy Visualization Systems
    • High Definition (HD) Visualization Systems
      • 3D Systems
      • 2D Systems
    • Standard Definition (SD) Visualization Systems
      • 3D Systems
      • 2D Systems
    • Ultrasound Devices
  • Endoscopy Visualization Components
    • Insufflators
    • Camera Heads
    • High-definition Monitors
    • Light Sources
    • Video Processors
    • Suction Pumps
  • Operative Devices
    • Access Devices
    • Energy Systems
    • Hand Instruments
    • Suction & Irrigation Systems
    • Snares
    • Wound Retractors

By Application

  • Urology Endoscopy
  • Gastrointestinal (GI) Endoscopy
  • Obstetrics Endoscopy
  • Laryngoscopy
  • Laparoscopy
  • Bronchoscopy
  • Arthroscopy
  • Otoscopy
  • Mediastinoscopy
  • Other Applications

By End-Use

  • Ambulatory Surgical Centers
  • Hospitals
  • Other End-uses

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s endoscopy devices market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1095

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace &defense, among different ventures present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333


Web: https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

Follow us on LinkedIn | Twitter | Facebook

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

View all posts by Precedence Research →

Leave a Reply

Your email address will not be published. Required fields are marked *