Endoscopy Equipment Market (2022-2029)
The Endoscopy Equipment Market is expected to reach $59.8 billion by 2029, at a CAGR of 5.8% from 2022 to 2029.
- Published
- Nov 2022
- Pages
- 230
- Format
- PDF + Excel
- Report ID
- MRHC - 104273
- Base year
- 2021
- 2029 · FORECAST
- $59.80B
- 2029
- $59.80B
- CAGR 2022–2029
- 5.8%
2021 baseline · 2022–2029 forecast at 5.8% CAGR · hover a bar for the value
Key highlights
Based on Type, the Endoscopes Segment is Estimated to Generate the Largest Proportion of Revenue in 2022
Based on Application, in 2022, the Upper Gastrointestinal (GI) Endoscopy Segment is Estimated to Account for the Largest Share of the Market
Asia-Pacific: Fastest-Growing Regional Market
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2022–2029 |
| Market Size (2029) | USD 59.80 billion |
| CAGR (2022–2029) | 5.8% |
| Format | PDF, Excel & Cloud Portal · 230 pages |
| Segments Covered | By Product: Endoscopes Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Disposable/Single-use Endoscopes, Robot-assisted Endoscopes, Visualization Systems Standard-Definition (SD) Systems, High-Definition (HD) Systems, Insufflators, Mouthpieces, Light Cables, Other Accessories · By Application: Upper Gastrointestinal (GI) Endoscopy, Colonoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology Endoscopy, Bronchoscopy, Laryngoscopy · By End User: Hospitals & Clinics, Ambulatory Surgery Centers · By Type: Endoscope, Visualization System, Accessories, Software |
| Countries Covered | Europe (RoE), Asia-Pacific (RoAPAC), Latin America (RoLATAM) |
| Key Companies | Boston Scientific Corporation, Johnson Services, Inc., Richard Wolf GmbH, Olympus Corporation, Stryker Corporation, Medtronic Private Limited, Nipro Corporation |
Report overview
Segments covered: product, application, end user, type. Regions: Europe, Asia-Pacific, Latin America.
Endoscopy procedures are minimally invasive procedures used to examine a patient’s internal organs or tissue. These devices are either placed into the body through natural openings or cavities (such as mouth and anus) or through incisions, especially in the case of arthroscopy. During the endoscopy procedure, equipment and tools, including procedure-specific scopes, video monitors, imaging devices, light sources, monitoring equipment, endoscope cabinets, insufflators, video processors, and endoscopy trolleys or carts are used to ensure a safe and successful procedure.
Endoscopy equipment is primarily used by gynecologists, neurologists, gastroenterologists, nephrologists, hepatologists, cardiologists, and liver transplant surgeons. The endoscopy equipment market is growing due to the rising prevalence of diseases which require endoscopies, technological advancements, and a high preference for minimally invasive procedures. Additionally, emerging economies are expected to provide significant market growth opportunities.
Report infographic
Market dynamics
1 factors across 1 forceThe Rising Prevalence of Diseases Requiring Endoscopies is Driving the Market Growth
Endoscopy procedures are non-invasive surgeries performed through one or more microscopic incisions with the help of tiny cameras, tubes, and surgical tools. As it is a minimally invasive procedure, it has several benefits, including minimal pain, fewer difficulties with pre-treatment and post-operative treatment, and reduced duration needed for recovery, resulting in shorter hospital stays. As a result, minimally invasive endoscopies are preferred over conventional open surgeries.
The growing prevalence of diseases requiring endoscopic treatments, including cancer and gastrointestinal disorders, drives the market’s growth. According to GLOBOCAN 2020 data, 1.14 million new cancer cases were diagnosed globally, positively impacting the demand for endoscopies. According to data from the Lancet Commission on Global Surgery, almost 80% of cancer cases require surgery. Thus, the rising incidence of cancer drives the demand for endoscopic treatments and devices.
Table of contents
11 chapters · 98 sections · 230 pages · click to expandSegmental analysis
| Segment | Largest share (2022) | Fastest growth (2022–2029) |
|---|---|---|
| By Type | Endoscopes | — |
| By Application | Upper Gastrointestinal (GI) Endoscopy | — |
| By End User | — | — |
By Type
- The Endoscopes Segment is Estimated to Generate the Largest Proportion of Revenue in 2022
- The high preference for minimally invasive surgeries, the rising prevalence of target diseases, the recurrent use and purchase of endoscopes compared to other equipment, and the moderately higher prices of endoscopes contribute to the large market share of this segment.
By Application
- The Upper Gastrointestinal (GI) Endoscopy Segment is Estimated to Account for the Largest Share of the Market
- Upper gastrointestinal (GI) endoscopy is used to diagnose and treat various conditions such as ulcers, cancers, and celiac diseases.
- Thus, the high prevalence of diseases that require target therapies contributes to the large market share of this segment.
By End User
- Factors driving the growth of this segment include the increase in the prevalence of diseases that require targeted therapies, such as cancer, gastrointestinal disorders, and other chronic diseases, the availability of reimbursements for surgeries, and preference for hospitals & clinics for any primary care.
- Furthermore, the availability of highly qualified healthcare professionals and advanced equipment at hospitals contributes to the large market share of this segment.
Geographic analysis
Asia-Pacific
Fastest growthThe growth in this market is attributed to factors such as the growing awareness about the importance of early disease diagnosis, the increase in healthcare spending, advancements in healthcare infrastructure, the rising number of hospitals, and the growing geriatric population with chronic diseases. Asia-Pacific: Fastest-Growing Regional Market
Competitive landscape
- Boston Scientific Corporation
- Johnson Services, Inc.
- Richard Wolf GmbH
- Olympus Corporation
- Stryker Corporation
- Medtronic Private Limited
- Nipro Corporation
Frequently asked questions
This study offers a detailed assessment of the market sizes & forecasts of the endoscopy equipment market based on type, application, and end user. The endoscopy equipment market study also involves the value analysis of the market at the regional and country levels.
Cite this report
Meticulous Research. (2022). Endoscopy Equipment Market - Global Opportunity Analysis and Industry Forecast (2022-2029) (Report No. MRHC - 104273). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/endoscopy-equipment-market-4974