Report Overview

According to the deep-dive market assessment study conducted by Growth Plus Reports, the global endoscopy equipment market was valued at US$ 26.9 billion in 2021 and is expected to register a revenue CAGR of 7.10% to reach USD 49.8 billion by 2030.

Endoscopy Equipment Market Fundamentals 

Endoscopy is a procedure that is carried out using equipment known as an endoscope. These endoscopes have a camera attached to a long thin tube. The surgeon inserts this device inside the patient’s body by making a small cut or incision. Endoscopy is primarily done for screening of internal bleeding organs, internal cancer tumor diagnosis, and diagnosis of gastroesophageal reflux disease. Endoscopy helps the surgeon remove a small sample of the affected tissue which can be further used for testing. It also helps the surgeon to see inside the body while performing any surgical procedure and determine the cause of abnormal symptoms any person is having. 

Endoscopic procedures are carried out for the examination of various body parts including the GI tract, chest, abdomen, female reproductive tract, ears, urinary tract, nasal tract, and joints of knees, among others. Endoscopy is used to detect cancerous or precancerous lesions, GERD (gastroesophageal reflux disease), ulcers of the stomach lining, Celiac disease, and narrowed or partially blocked esophagus, among others.

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Endoscopy Equipment Market Dynamics

The global endoscopy equipment market revenue is driven by the rising prevalence of cancer, gastrointestinal diseases, and other chronic diseases, and the increasing preference for minimally invasive surgery compared to open surgery. Launch of the technologically developed endoscopy products and the increasing adoption of endoscopy in healthcare settings are also contributing to the market revenue growth. However, the high cost of endoscopic surgeries, the dearth of skilled professionals, and the lack of proper reimbursement policies are some of the factors hindering the market revenue growth.

Endoscopy Equipment Market Ecosystem

The global endoscopy equipment market is analyzed from four perspectives: product, application, end-user, and region. 

Endoscopy Equipment Market by Product 

Based on product, the market is segmented into endoscopes, visualization systems, and other endoscopy equipment and accessories. 

Endoscopes are further sub-segmented into flexible endoscopes (upper gastrointestinal endoscopes, bronchoscopes, colonoscopes, laryngoscopes, pharyngoscopes, sigmoidoscopes, rhinoscopes, and other flexible endoscopes), rigid endoscopes (laparoscopes, gynecology endoscopes, arthroscopes, urology endoscopes, neuro endoscopes, cystoscopes, other rigid endoscopes), capsule endoscope and robot-assisted endoscopes.

Similarly, visualization systems are further sub-segmented into wireless displays & monitors, camera heads, endoscopic light sources, video recorders, video converters, video processors, carts, and others. 

The endoscope segment accounts for the largest revenue share in the market. It is also expected to register the highest revenue CAGR during the forecast period. The high revenue share of the segment can be attributed to factors such as the growing adoption of minimally invasive procedures, incessant technological advancements, and increased use of disposable endoscopes. 

The visualization systems segment is also expected to register significant revenue growth owing to the technological advancements in visualization systems in the endoscopy market (HD, 2D, and 3D visualization), the introduction of the new visualization system, and precise and accurate diagnosis. Additionally, the rising prevalence of chronic urology disorders, increasing gastrointestinal diseases, and the prevalence of new cancer are contributing to the segment’s revenue growth. 

Endoscopy Equipment Market by Application

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Based on application, the market is segmented into gastrointestinal endoscopy, laparoscopy, urology endoscopy, gynecology endoscopy, ENT endoscopy, bronchoscopy, and other applications. 

The gastrointestinal endoscopy segment accounts for the largest revenue share of the market owing to factors such as the rising geriatric population and an increasing number of GI-related procedures especially an increase in bowel cancer screening using colonoscopy. 

The gynecology endoscopy segment is expected to register the highest revenue growth during the forecast period because of the increasing prevalence of gynecology diseases, and the rising cases of cervical, ovarian, and vaginal cancer. Additionally, the introduction of new urological endoscopes, technological advancement, and research and development in endoscopes are contributing to segment revenue growth. 

The urology endoscopy segment is expected to account for the second highest revenue growth owing to increasing urological chronic disease, increasing cases of kidney stones, rising patients of urology cancers, and increasing cases of urinary tract infection.

Endoscopy Equipment Market by End User

Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and other end users. 

The hospital segment accounts for the largest revenue share due to the increasing adoption & the preference of patients for minimally invasive surgeries and the preference of patients to carry out endoscopy surgeries in hospitals compared to ambulatory surgical centers/clinics, mobile endoscopy facilities, and office endoscopy service facilities.

Endoscopy Equipment Market by Region

Based on region, the global endoscopy equipment market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). 

North America dominates the endoscopy equipment market in terms of revenue share. The large revenue share of North America in the global market can be attributed to factors such as increasing adoption of minimally invasive surgeries by patients, increasing number of endoscopy-based procedures, and rising incidences of cancer especially colorectal cancer. Furthermore, the presence of prominent players in the region as well as new product launches are contributing to the revenue growth of the market in this region. 

Endoscopy Equipment Market Competitive Landscape

The prominent players operating in the global endoscopy equipment market are:

• Olympus Corporation
• Stryker
• KARL STORZ SE & Co. KG
• FUJIFILM Corporation
• Medical Devices Business Services, Inc
• Smith+Nephew
• Boston Scientific Corporation
• HOYA Corporation
• Avante Health Solutions
• STERIS, 

Endoscopy Equipment Market Strategic Developments

• May 17, 2022 – FUJIFILM Healthcare Americas Corporation showcased a few innovations for the detection, diagnosis, and treatment of digestive diseases at the 2022 Digestive Disease Week annual conference. Fujifilm’s new technology innovations enable improved polyp detection and visualization of hemoglobin oxygen saturation (StO2) levels, as well as tools for enhancing endoscopic submucosal dissection (ESD) procedures.
• In Sept 2020, Olympus Corporation, launched ENDO-AID, a platform powered by Artificial Intelligence (AI) that also has the endoscopy application ENDO-AID CADe, a computer-aided detection for the colon.
• In Jan 2020, PENTAX Medical received U.S FDA approval for their IMAGINA Endoscopy System, an endoscopy platform for gastrointestinal procedures at ambulatory surgery centers (ASCs)
• Dec 2019, Boston Scientific Corporation announced U.S. Food and Drug Administration (FDA) clearance of the EXALT™ Model D Single-Use Duodenoscope for use in endoscopic retrograde cholangiopancreatography (ERCP) procedures. The EXALT Model D Duodenoscope is the first and only FDA cleared single use (disposable) duodenoscope on the market and was granted Breakthrough Device Designation from the FDA to ensure patients and healthcare providers have timely access to this device.

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