What is the global market size of Endoscope Market?

Global Endoscope Market size was valued at USD 12.4 billion in 2021 and is poised to grow from USD 13.6 billion in 2022 to USD 27.9 billion by 2030, growing at a CAGR of 9.4% in the forecast period (2023-2030).

Global Endoscope Market Size, Share, Growth Analysis, By Application(Disposable, Flexible) - Industry Forecast 2024-2031

Report ID: SQMIG35A2170 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 36 | Figures: 74

Global Endoscope Market Insights

Endoscope Market size was valued at USD 12.4 billion in 2019 and is poised to grow from USD 13.6 billion in 2023 to USD 27.9 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).

Endoscope is a thin imaging probe which have a fitted light and camera which the doctor use to examine esophagus, stomach and the beginning of small intestine. The endoscopy procedures are minimally invasive and does not involve surgery. Endoscopy equipment user include gastroenterologist, gynecologist, nephrologist, neurologist, cardiologist, hepatologist and liver transplant surgeon. Numerous gastrointestinal conditions, including esophageal adenocarcinoma, erosive esophagitis, gastroesophageal reflux disease, colorectal polyps, and cancer, are linked to it. Bariatric surgery is the most optimal solution for this. Thus it is projected that demand for endoscopic minimally invasive bariatric surgeries will fuel market expansion.

Rising prevalence of chronic diseases, as well as the growing awareness of disease detection through minimally invasive surgical procedures, are expected to drive market growth in the coming years. Furthermore, favorable reimbursement policies and increasing FDA approvals for endoscopic devices are expected to drive market growth in the coming years. For example, the US Food and Drug Administration granted 510(k) clearance to EndoFresh's disposable digestive endoscopy system in 2019, a device designed to reduce the possibility of contamination in gastrointestinal procedures.

US Endoscope Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Endoscope Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

The global endoscope market has high competition due to the presence of prominent players who apply various strategies to expand their market share and dominate the market. Some key players include Olympus Corporation, KARL STORZ SE & Co. KG, Stryker Corporation, Boston Scientific Corporation, JOHNSON & JOHNSON, and Fujifilm Holdings Corporation. The market's leading players are looking forward to increasing their investments in the creation of advanced devices and fulfill the increasing demand for endoscopy devices. 'Olympus Corporation', 'Fujifilm Holdings Corporation', 'Karl Storz SE & Co. KG', 'Stryker Corporation', 'Boston Scientific Corporation', 'Pentax Medical (Hoya Corporation)', 'Richard Wolf GmbH', 'Smith & Nephew plc', 'Medtronic plc', 'CONMED Corporation', 'Arthrex, Inc.', 'B. Braun Melsungen AG', 'Cook Medical (Cook Group Inc.)', 'Hologic, Inc.', 'Johnson & Johnson (Ethicon US, LLC)', 'Teleflex Incorporated', 'Ambu A/S', 'Möller Medical GmbH', 'Sunoptic Technologies', 'Vimex Endoscopy'

Surge in the prevalence of chronic disorders and the increasing awareness regarding early diagnosis of diseases through minimally invasive surgical techniques are the key drivers expected to propel the market growth.

Artificial intelligence is expected to boost the adoption of capsule endoscopy. The incorporation of several technological advancements into capsule endoscopy to improve reading efficiency, accuracy, and diagnostic capabilities is projected to fuel market growth.

North America accounted for the largest share of the global endoscope market and is expected to maintain its dominance during the forecast period. It accounted for more than 41% share of the total revenue worldwide. This can be attributed to the rising elderly population, increased healthcare spending, and growing use of elective endoscopic treatments. Intensification of preventive healthcare initiatives, appearance of highly advanced healthcare organisations, and supportive reimbursement environments are driving the market expansion in this region. Over the course of the forecast period, it is also projected that the increasing prevalence of cancer and functional gastrointestinal disorders in the U.S. will further propel the market growth. Moreover, the American Cancer society also predicted that 1.9 million new cancer patients will be diagnosed in 2021 in U.S. These factors will drive the market growth in this region.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Endoscope Market Size, Share, Growth Analysis, By Application(Disposable, Flexible) - Industry Forecast 2024-2031

Global Endoscope Market Insights

Global Endoscope Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Endoscope Market?

Who are the key vendors in the Global Endoscope Market?

What is the key driver of Global Endoscope Market?

What is the key market trend for Global Endoscope Market?

Which region accounted for the largest share in Global Endoscope Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300