Endoscopy Equipment Market Worth $59.8 Billion by 2029

Endoscopy Equipment Market by Type (Endoscope [Flexible, Rigid, Capsule], Visualization System, Accessories [Insufflators, Mouthpieces], Software), Application (Colonoscopy, Arthroscopy, Bronchoscopy, Laryngoscopy), End User - Global Forecast to 2029

Meticulous Research^®—a leading global market research company—published a research report titled, ‘Endoscopy Equipment Market by Type (Endoscope [Flexible, Rigid, Capsule], Visualization System, Accessories [Insufflators, Mouthpieces], Software), Application (Colonoscopy, Arthroscopy, Bronchoscopy, Laryngoscopy), End User - Global Forecast to 2029.’

According to this latest publication from Meticulous Research^®, the global endoscopy equipment market is projected to reach $59.8 billion by 2029, at a CAGR of 5.8% during the forecast period 2022–2029. The rising prevalence of target diseases, technological advancements in endoscopy, growing preference for minimally invasive procedures, and advanced screening programs for cancer are the factors driving the growth of this market. Additionally, untapped opportunities in developing countries are creating opportunities for market growth.

Endoscopy Equipment Market: Future Outlook

The global endoscopy equipment market study is segmented by Product (Endoscopes [Rigid Endoscopes, Flexible Endoscopes, Capsules Endoscopes, Disposable/Single-Use Endoscopes, Robot-Assisted Endoscopes], Visualization Equipment [Visualization Systems {Standard Definition (SD) Systems, High Definition (HD) Systems}, Visualization Components], Other Equipment, Accessories [Insufflators, Mouthpieces, Light Cables, Other Accessories], Software), Application (Upper Gastrointestinal (GI) Endoscopy, Colonoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology Endoscopy, Bronchoscopy, Laryngoscopy, Other Applications), End User (Hospitals & Clinics, Ambulatory Surgery Centers, Other End Users) And Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.

Based on type, in 2022, the endoscopes segment is expected to account for the largest share of the global endoscopy equipment market. Endoscopes are the primary component of any endoscopy equipment. Technological advancements in endoscopes and the high volume of endoscopies performed annually due to the high burden of chronic diseases contribute to this segment's large market share.

Based on application, in 2022, the upper gastrointestinal (GI) endoscopy segment is expected to account for the largest share of the endoscopy equipment market. The high prevalence of target diseases such as cancers and celiac diseases is a key factor supporting the largest share. Globally, GI cancers are the most common type of cancer, accounting for 1 in 4 cancer cases (Source: WHO, 2020). Upper GI endoscopy is the common most type of endoscopy used to detect stomach cancers; hence, it contributes to the large market share of this segment.

Based on end user, in 2022, the hospitals & clinics segment is expected to account for the largest share of the global endoscopy equipment market. Hospitals & clinics are mainly considered the primary points of care in health systems and treatments. The high patient population reaching out to hospitals for the diagnosis and treatment of chronic disorders is a key factor contributing to the large market share of this segment.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America) and the Middle East & Africa.

Based on geography, in 2022, North America is expected to account for the largest share of the endoscopy equipment market, followed by Europe and Asia-Pacific. In 2022, the U.S. is expected to account for the largest share of the endoscopy equipment market in North America. The market is primarily driven by the high prevalence of chronic diseases and a strong focus on research activities to innovate endoscopic technologies.

The key players operating in the global endoscopy equipment market are Boston Scientific Corporation (U.S.), Johnson & Johnson Services, Inc. (U.S.), Richard Wolf GmbH (Germany), FUJIFILM Holdings Corporation (Japan), Olympus Corporation (Japan), Stryker Corporation (U.S.), Medtronic Private Limited (Ireland), Nipro Corporation (Japan), MEDIVATORS B.V. (Germany), HOYA CORPORATION (Japan), and The Cooper Companies, Inc. (U.S.).

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Key questions answered in the report-

Which are the high-growth market segments in terms of type, application, end user, and geography?
What was the historical market for endoscopy equipment across the globe?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, opportunities, and challenges in the global endoscopy equipment market?
Who are the major players in the global endoscopy equipment market?
How is the competitive landscape, and who are the market leaders in the global endoscopy equipment market?
What are the recent developments in the endoscopy equipment market?
What are the different strategies adopted by the major players in the endoscopy equipment market?
What are the geographic trends and high growth regions/countries?

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