Global Flexible Endoscopes Market

Flexible Endoscopes Market Size, Share, Growth Analysis, By Type(Laparoscopes, Arthroscopes, Ureteroscopes, Cystoscopes), By End-Use(Hospitals and Outpatient Facilities), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2538 | Region: Global | Published Date: March, 2024
Pages: 219 |Tables: 75 |Figures: 75

Flexible Endoscopes Market Insights

Global Flexible Endoscopes Market size was valued at USD 8.96 Billion in 2022 and is poised to grow from USD 9.64 Billion in 2023 to USD 17.32 Billion by 2031, at a 7.6% during the forecast period (2024-2031).

There is a growing demand for different types of endoscopes and endoscopic equipment in surgical interventions such as cystoscopy, a bronchi arthroscopy, & laparoscopic due to the increased use of less invasive surgical techniques. Numerous factors, including economic effectiveness, improved patient satisfaction, shorter stays in the hospital, and fewer postoperative problems, have contributed to the move from standard procedures to less invasive ones.

The COVID-19 pandemic had a substantial influence on a number of businesses, including the medical one. Treatment protocols and healthcare services were interrupted, and there were issues with the supply chain for medical devices. The market was also impacted by a decline in demand for new endoscopes as a result of hospitals offering fewer endoscopic services as a result of COVID-19-related emergencies on medical personnel. According to a report from the Guidelines for Robotics Flexible Endoscopic at the Time of COVID-19 in 2021, the pandemic dramatically reduced the number of endoscopic procedures, and only urgent cases were taken into consideration.

The market is additionally impacted by factors including the rising prevalence of chronic diseases that affect the internal body systems, the benefits of flexible endoscopes over other devices, and the rising demand for early detection of these disorders. These tools are necessary for the identification of inflammatory bowel illnesses (IBD), stomach and colon malignancies, respiratory infections, and tumors, among other conditions. The rising prevalence of these disorders has consequently increased demand for such flexible devices. For instance, according to the American Disease Society, Inc., there will be approximately 26,380 new instances of stomach cancer in the United States in 2022 (15,900 cases in men and 10,480 cases in women), along with 106,180 cases of colon cancer with 44,850 cases of cancer of the rectal.

The demand for the use of flexible endoscopes is being driven by the increasing prevalence and incidence of chronic diseases in the U.S., including lung cancer and a condition called irritable bowel syndrome. For instance, according to the American Lung Association, 236,000 Americans will be diagnosed with lung cancer in 2021, and according to the American College of Gastroenterology, 10-15% of individuals in the nation experience symptoms of irritable bowel syndrome. The usage of flexible endoscopes is also growing as a result of their advantages over other varieties, with optical fiber being especially useful due to its flexibility and wide range of applications.

Endoscopes are growing more frequently used for therapeutic and diagnostic purposes as a result of the minimally invasive surgery (MIS) trend. Despite this expansion, the sector is constrained by onerous regulatory standards for flexible endoscopes. Because endoscopies are becoming more common and are minimally invasive, the market is anticipated to expand overall.

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

Market Snapshot - 2024-2031

Global Market Size

USD 8.96 Billion

Largest Segment

Outpatient Facilities

Fastest Growth

Outpatient Facilities

Growth Rate

USD 8.96 Billion CAGR

Global Flexible Endoscopes Market ($ Bn)
Country Share for North America Region (%)

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Flexible Endoscopes Market Segmental Analysis

Global Flexible Endoscopes Market is segmented Type, End-Use and region. Based On Type the market is segmented into Laparoscopes, Arthroscopes, Ureteroscopes, Cystoscopes, Gynecology Endoscopes, Neuroendoscopes, Bronchoscopes, Hysteroscopes, Laryngoscopes, Sinuscopes, Otoscopes, Sigmoidoscopes, Pharyngoscopes, Duodenoscope, Nasopharyngoscope, Rhinoscopes, Colonoscopes. Based on End-Use the market is segmented into Hospitals, Outpatient Facilities. Based on region the global Flexible Endoscopes Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Flexible Endoscopes Market Analysis Type

The colonoscopes market category dominated the market and held the largest revenue share of 21.8% in 2022 due to an increase in the prevalence of colorectal cancer along with other gastrointestinal disorders, which has led to a rise in the demand for colonoscopes as a diagnosis & preventive tool. Colonoscopy has been more widely available due to technological advancements in colonoscopy equipment that have improved the procedure's efficiency and safety.

A rising prevalence of neurological illnesses such hydrocephalus, brain tumors, and pituitary tumors is expected to cause the neuroendoscopy segment to experience the quickest growth over the projected period of 2023 to 2030. Additionally, this market's expansion has been aided by supportive governmental programmes and insurance plans that pay for neuroendoscopy operations. Furthermore, the market is expanding as neuroendoscopy provides a number of benefits over open surgery, including quicker recovery times, less scarring, and a lower risk of problems.

Flexible Endoscopes Market Analysis by End Use

The outpatient facilities sector led the market and contributed 52.9% of total revenue. This high percentage is due to favorable reimbursement regulations and the very widespread adoption and utilization of endoscopic devices in outpatient clinics. The market for outpatient facilities is anticipated to develop at the quickest rate during the projected period due to the rising need for healthcare services that are both affordable and convenient. For many patients, these facilities are a more inexpensive option because they provide medical care that does not necessitate an overnight stay in the hospital.

A lot of procedures that could previously only be carried out in a hospital setting are now routinely performed in an outpatient setting because of developments in medical technology & techniques. Additionally, the COVID-19 pandemic has sped up the development of outpatient clinics as patients have grown more at ease with the idea of receiving healthcare in a less congested environment. The epidemic has also raised attention on infection control, a task that outpatient clinics are frequently more suited to tackle than hospitals.

Global Flexible Endoscopes Market By End User, 2023 (%)

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Flexible Endoscopes Market Regional Insights

North America dominated the adaptable endoscopes market or accounted for the largest revenue share of 40.6% in 2022 as a result of an increase in chronic illnesses that necessitate their use, including irritable bowel syndrome, colorectal and stomach cancer, and those that cause the stomach and. Studies estimate that 12% of Americans have irritable bowel syndrome. By 2021, 16.5% of the population in the region will be 65 or older, an increase in an aging population which is more susceptible to chronic diseases. This number is anticipated to rise to 20% by 2050, aiding market expansion.

The Asia Pacific region is predicted to see the quickest growth over the projection period of 2023 to 2030 due to a number of factors, including a growing elderly population, an increase in the prevalence of chronic diseases, and a rise in demand for surgeries that are minimally invasive. Modern medical innovations like flexible endoscopes are also more broadly accessible as a result of increased disposable incomes and government healthcare spending. The growth of the market is also predicted to be fueled by the expansion of the region's medical facilities as well as the expanding number of hospitals and diagnostic centers.

Global Flexible Endoscopes Market By Geography, 2024-2031
  • Largest
  • Fastest

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Flexible Endoscopes Market Dynamics

Flexible Endoscopes Market Drivers

Increasing Prevalence of Gastrointestinal Disorders

  • The rising incidence of gastrointestinal diseases, such as colorectal cancer, gastrointestinal bleeding, and inflammatory bowel disease, is driving the demand for flexible endoscopes. These devices are essential for the diagnosis, treatment, and monitoring of various gastrointestinal conditions, thereby fueling market growth.

Flexible Endoscopes Market Restraints

Risk of Contamination and Infection

  • Flexible endoscopes are reusable medical devices that require proper cleaning, disinfection, and sterilization to prevent contamination and infection transmission between patients. Inadequate reprocessing practices or lapses in cleaning protocols can lead to infections, which can impact patient safety and hinder the adoption of flexible endoscopes.

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Flexible Endoscopes Market Competitive Landscape

The increased demand for flexible endoscopes for various therapeutic and diagnostic procedures has created fierce rivalry among the market's current players. The competition is also growing as a result of technological developments made by important competitors in the field of endoscope tools.

Flexible Endoscopes Market Top Player’s Company Profiles

  • Fujifilm Holdings Corporation
  • Karl Storz SE & Co. KG
  • Boston Scientific Corporation
  • Pentax Medical Company (Hoya Corporation)
  • Richard Wolf GmbH
  • Ambu A/S
  • Cook Medical LLC
  • HOYA Corporation
  • Smith & Nephew plc
  • Conmed Corporation
  • EndoChoice Holdings, Inc. (Beijing Hangwei Medical Systems Co., Ltd.)
  • Applied Medical Resources Corporation
  • Fujifilm Medical Systems USA, Inc.
  • Vimex Sp. z o.o.
  • GIMMI GmbH
  • Maxer Endoscopy GmbH
  • Schölly Fiberoptic GmbH

Flexible Endoscopes Market Recent Developments

  • In August 2021, The EXALT Model B, a Single-Use Bronchoscope from Boston Scientific received FDA approval. The single-use EXALT Model B bronchoscope is the most recent advancement in flexible bronchoscopy.

Flexible Endoscopes Key Market Trends

  • Increasing adoption of minimally invasive procedures: The market for flexible endoscopes is witnessing a significant trend towards minimally invasive procedures. These procedures offer benefits such as reduced patient discomfort, shorter recovery times, and lower healthcare costs. The growing preference for minimally invasive techniques among patients and healthcare providers is driving the demand for flexible endoscopes.
  • Technological advancements in endoscopic imaging: Continuous advancements in endoscopic imaging technologies are revolutionizing the flexible endoscopes market. High-definition (HD) and ultra-high-definition (UHD) imaging, along with improved image processing and visualization software, are enhancing the diagnostic capabilities of flexible endoscopes. These advancements enable more accurate detection of lesions and abnormalities, driving the adoption of flexible endoscopes in various medical specialties.
  • Integration of artificial intelligence (AI) and machine learning (ML): The integration of AI and ML technologies in flexible endoscopes is gaining traction. AI algorithms and computer-aided detection systems can assist endoscopists in real-time image analysis, improving accuracy, and aiding in the detection of abnormalities. AI-driven advancements are expected to enhance diagnostic efficiency and contribute to improved patient outcomes.
  • Growing applications in gastrointestinal (GI) endoscopy: Gastrointestinal endoscopy represents a significant application area for flexible endoscopes. The increasing prevalence of GI disorders, such as colorectal cancer, gastrointestinal bleeding, and inflammatory bowel disease, is driving the demand for flexible endoscopes in diagnostic and therapeutic procedures. Advancements in endoscopic techniques, such as endoscopic retrograde cholangiopancreatography (ERCP) and endoscopic submucosal dissection (ESD), are expanding the scope of flexible endoscopy in GI procedures.

Flexible Endoscopes Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global flexible endoscopes market analysis, the growing demand for different types of endoscopes and endoscopic equipment in surgical interventions such as cystoscopy, a bronchi arthroscopy, & laparoscopic due to the increased use of less invasive surgical techniques are the key growth drivers. Numerous factors, including economic effectiveness, improved patient satisfaction, shorter stays in the hospital, and fewer postoperative problems, have contributed to the move from standard procedures to less invasive ones.

Report Metric Details
Market size value in 2023 USD 8.96 Billion
Market size value in 2031 USD 17.32 Billion
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Laparoscopes, Arthroscopes, Ureteroscopes, Cystoscopes, Gynecology Endoscopes, Neuroendoscopes, Bronchoscopes, Hysteroscopes, Laryngoscopes, Sinuscopes, Otoscopes, Sigmoidoscopes, Pharyngoscopes, Duodenoscope, Nasopharyngoscope, Rhinoscopes, Colonoscopes
  • End-Use
    • Hospitals and Outpatient Facilities
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Fujifilm Holdings Corporation
  • Karl Storz SE & Co. KG
  • Boston Scientific Corporation
  • Pentax Medical Company (Hoya Corporation)
  • Richard Wolf GmbH
  • Ambu A/S
  • Cook Medical LLC
  • HOYA Corporation
  • Smith & Nephew plc
  • Conmed Corporation
  • EndoChoice Holdings, Inc. (Beijing Hangwei Medical Systems Co., Ltd.)
  • Applied Medical Resources Corporation
  • Fujifilm Medical Systems USA, Inc.
  • Vimex Sp. z o.o.
  • GIMMI GmbH
  • Maxer Endoscopy GmbH
  • Schölly Fiberoptic GmbH
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Flexible Endoscopes Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Flexible Endoscopes Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Flexible Endoscopes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flexible Endoscopes Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flexible Endoscopes Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Flexible Endoscopes Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Flexible Endoscopes Market size was valued at USD 8.96 Billion in 2022 and is poised to grow from USD 9.64 Billion in 2023 to USD 17.32 Billion by 2031, at a 7.6% during the forecast period (2024-2031).

The increased demand for flexible endoscopes for various therapeutic and diagnostic procedures has created fierce rivalry among the market's current players. The competition is also growing as a result of technological developments made by important competitors in the field of endoscope tools. 'Olympus Corporation', 'Fujifilm Holdings Corporation', 'Medtronic plc', 'Karl Storz SE & Co. KG', 'Stryker Corporation', 'Boston Scientific Corporation', 'Pentax Medical Company (Hoya Corporation)', 'Richard Wolf GmbH', 'Ambu A/S', 'Cook Medical LLC', 'HOYA Corporation', 'Smith & Nephew plc', 'Conmed Corporation', 'EndoChoice Holdings, Inc. (Beijing Hangwei Medical Systems Co., Ltd.)', 'Applied Medical Resources Corporation', 'Fujifilm Medical Systems USA, Inc.', 'Vimex Sp. z o.o.', 'GIMMI GmbH', 'Maxer Endoscopy GmbH', 'Schölly Fiberoptic GmbH'

The rising incidence of gastrointestinal diseases, such as colorectal cancer, gastrointestinal bleeding, and inflammatory bowel disease, is driving the demand for flexible endoscopes. These devices are essential for the diagnosis, treatment, and monitoring of various gastrointestinal conditions, thereby fueling market growth.

Increasing adoption of minimally invasive procedures: The market for flexible endoscopes is witnessing a significant trend towards minimally invasive procedures. These procedures offer benefits such as reduced patient discomfort, shorter recovery times, and lower healthcare costs. The growing preference for minimally invasive techniques among patients and healthcare providers is driving the demand for flexible endoscopes.

North America dominated the adaptable endoscopes market or accounted for the largest revenue share of 40.6% in 2022 as a result of an increase in chronic illnesses that necessitate their use, including irritable bowel syndrome, colorectal and stomach cancer, and those that cause the stomach and. Studies estimate that 12% of Americans have irritable bowel syndrome. By 2021, 16.5% of the population in the region will be 65 or older, an increase in an aging population which is more susceptible to chronic diseases. This number is anticipated to rise to 20% by 2050, aiding market expansion.

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Global Flexible Endoscopes Market

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