by The endoscopes market size was valued approximately at US$ 11.99 billion in 2021 and is projected to reach US$ 25.25 billion by 2030, registering a CAGR of 8.62%.
The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The endoscopes market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
Endoscopy is a minimally invasive medical treatment for preventing, diagnosing, and treating problems of the body organs. Endoscopes are utilized to look inside the hollow organs and cavities in the body during the treatment. These devices are inserted into the body through natural holes and cavities or incisions, particularly in the case of arthroscopy.
Many tools and equipment are used during endoscopy to ensure a safe and successful procedure. One such tool is endoscopes. Gynecologists, cardiologists, gastroenterologists, hepatologist, neurologist, and liver transplant surgeons are the most common users of endoscopes.
Furthermore, the advent of endoscopic operations, such as endoscopic sleeve gastroplasty, is likely to drive the endoscopes market growth during the projection period. Stitches are commonly used in endoscopic surgeries to help with the remodeling of organs. As a result, an increase in demand for endoscopic surgeries is likely to drive up demand for endoscopes in the market.
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Endoscopes Market Scope
| Report Highlights | Details |
| Market Size | USD 25.25 Billion by 2030 |
| Growth Rate | CAGR of 8.62% from 2022 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Endoscopes Market Report Highlights
- Based on the product, the flexible endoscopes segment dominated the global endoscopes market in 2021 with highest market share of 47%. This is due to healthcare professional’s growing preference for flexible endoscopes, technological advancements, increased efficiency and safety, and flexible endoscope’s ergonomic features.
- Based on the application, the gastrointestinal endoscopy segment dominated the global endoscopes market in 2021 with highest market share 51%, owing to the increased prevalence of gastrointestinal illnesses and the growing geriatric population.
- Based on the end use, the hospitals segment dominated the global endoscopes market in 2021 with highest market share 48.1%. This is attributed to the favorable reimbursement policies and widespread acceptance and use of endoscopes in hospital systems.
Endoscopes Market : Regional Snapshot
North America is the largest segment for endoscopes market in terms of region, due to enhanced healthcare infrastructure, increased acceptance of new technology, and a growing demand for minimally invasive surgeries to reduce healthcare costs.
Asia-Pacific region is the fastest growing region in the endoscopes market. This is attributed to the significant need for endoscopic technology in this region. Improving health infrastructure and the expanding senior population are key factors driving the regional market expansion.
Endoscopes Market Dynamics
Drivers
Rising prevalence of chronic diseases
The increasing prevalence of chronic diseases, the development of endoscopy technologies, and expanded support and coverage for endoscopic screening and care all contribute to the global demand for endoscopes. Furthermore, the growing geriatric population around the world is having a significant impact on the demand for endoscopes.
Older people are more vulnerable to health issues such as ophthalmic disorders, gastrointestinal problems, orthopedic diseases, cancer, and others due to lower immunity, which complicates medical and treatment options. Endoscopes market growth is being driven by an increased preference for minimally invasive and global endoscopic procedures.
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Restraints
Shortage of trained healthcare professionals
Endoscopy physicians and surgeons are in short supply throughout the world. This shortage of endoscopy-trained professionals is expected to be felt in developing countries as well. To prevent the spread of infections in endoscopy facilities, trained professionals are required to perform endoscopy procedures effectively. A global shortage of skilled physicians, doctors, and nurses is expected to have an adverse effect on the number of endoscopy procedures performed each year. As a result, the shortage of trained healthcare professionals is hindering the growth of the endoscopes market during the forecast period.
Opportunities
Surge in need for endoscopy
Endoscopy procedures are minimally invasive surgeries that are performed through one or more small incisions with the help of small tubes, tiny cameras, and surgical instruments. Endoscopy procedures have several advantages, including less pain, a shorter or no-hospital stay, and fewer complications associated with pre- and post-surgery care.
As a result, these procedures are less expensive, more effective, and safer than traditional open surgeries. Furthermore, in developed countries, these procedures are covered by health insurance providers. These factors contribute to patients’ and physicians’ strong preference for endoscopy procedures. Endoscopy is increasingly being used to diagnose and treat a variety of major diseases, including cancer, orthopedic disorders, neurological disorders, and gastroesophageal reflux disease.
As a result, the rising prevalence of chronic diseases such as cancer and cardiovascular diseases is expected to increase the demand for endoscopy procedures. Thus, the surge in need for endoscopy is creating lucrative opportunities for the growth of the endoscopes market during the forecast period.
Challenges
Stringent government regulations
Endoscopy-related diseases and complications may have an impact on business development. Policy changes are likely to raise the costs of developing new products and providing consumer services. The potential loss of sales as a result of product’s delayed release, as well as the increased expenses paid as a result of the tight approval procedures, put pressure on investments in new product development, limiting the market growth.
A few of the foremost contenders operational in the endoscopes marketplace are as follows:
- Olympus Corporation
- Stryker Corporation
- Ethicon Endo-Surgery, Inc
- Covidien Plc
- Aesculap, IncBoston Scientific
- Arthrex, Inc.
- Smiths Group,
- Karl Storz
- Richard Wolf GmbH
- Hoya Corporation
- ConMed
- Fujifilm Holdings Corporation
Segments Covered in the Report
By Product
- Flexible Endoscopes
- Bronchoscopes
- Laryngoscopes
- Sigmoidoscopes
- Upper Gastrointestinal Endoscopes
- Duodenoscopes
- Colonoscopes
- Pharyngoscopes
- Nasopharyngoscopes
- Other
- Capsule Endoscopes
- Robot Assisted Endoscopes
- Rigid Endoscopes
- Urology Endoscopes
- Laparoscopes
- Arthroscopes
- Cystoscopes
- Neuroendoscopes
- Other
- Disposable Endoscopes
By Application
- Arthroscopy
- Urology Endoscopy
- Laparoscopy
- Gastrointestinal (GI) Endoscopy
- Bronchoscopy
- Mediastinoscopy
- Gynecology Endoscopy
- Otoscopy
- Laryngoscopy
- Other Applications
By End-Use
- Ambulatory Surgery Centers
- Hospitals
- Other
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East & Africa
- Latin America
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Endoscopes Market, By Product
7.1. Endoscopes Market, by Product Type, 2020-2030
7.1.1. Flexible Endoscopes
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Capsule Endoscopes
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Robot Assisted Endoscopes
7.1.3.1. Market Revenue and Forecast (2019-2030)
7.1.4. Rigid Endoscopes
7.1.4.1. Market Revenue and Forecast (2019-2030)
7.1.5. Disposable Endoscopes
7.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Endoscopes Market, By Application
8.1. Endoscopes Market, by Application, 2020-2030
8.1.1. Arthroscopy
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Urology Endoscopy
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Laparoscopy
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Gastrointestinal (GI) Endoscopy
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Bronchoscopy
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Mediastinoscopy
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Gynecology Endoscopy
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Otoscopy
8.1.8.1. Market Revenue and Forecast (2019-2030)
8.1.9. Laryngoscopy
8.1.9.1. Market Revenue and Forecast (2019-2030)
8.1.10. Others
8.1.10.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Endoscopes Market, By End-Use
9.1. Endoscopes Market, by End-Use, 2020-2030
9.1.1. Ambulatory Surgery Centers
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Hospitals
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Endoscopes Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.5.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.7.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.7.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.7.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4.3. Market Revenue and Forecast, by End-Use (2019-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.5.3. Market Revenue and Forecast, by End-Use (2019-2030)
Chapter 11. Company Profiles
11.1. Olympus Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Stryker Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Ethicon Endo-Surgery, Inc
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Covidien Plc
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Aesculap, IncBoston Scientific
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Arthrex, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Smiths Group
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Karl Storz
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Richard Wolf GmbH
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Hoya Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. ConMed
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Fujifilm Holdings Corporation
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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