South and Central America Medical Endoscopes Market Outlook (2021-2031)
Description
The medical endoscopes market in South and Central America is projected to reach USD 818.11 million by 2031, up from USD 591.14 million in 2024. The market is estimated to grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2031.
Executive Summary and Market Analysis
South and Central America represent an emerging market for medical endoscopes, with growth primarily driven by improving healthcare infrastructure, increasing awareness of minimally invasive procedures, and rising investments in diagnostic capabilities. While advanced endoscopic technologies have traditionally been limited in certain areas, the growing demand for early disease detection—especially for gastrointestinal and respiratory conditions—encourages wider adoption.
Market Segmentation Analysis
The medical endoscopes market is segmented by product type, usability, application, and end user.
By Product Type:The market includes rigid endoscopes, flexible endoscopes, capsule endoscopes, ultrasound endoscopes, and robot-assisted endoscopes. In 2024, the flexible endoscopes segment dominated the market.
By Usability:The market is categorized into reusable and disposable endoscopes, with reusable endoscopes holding the largest share in 2024.
By Applications: The market segments include gastrointestinal endoscopy, laparoscopy, gynecology endoscopy, arthroscopy, urology, bronchoscopy, ENT endoscopy, neuroendoscopy, and others. The gastrointestinal endoscopy segment accounted for the largest share in 2024.
By End User:The market consists of hospitals, specialty clinics, ambulatory surgical centers, and diagnostic centers, with hospitals holding the largest share in 2024.
Market Outlook
Local authorities are gradually increasing funding for public health initiatives, which is enabling more hospitals and specialty clinics to invest in endoscopic systems. The rising incidence of cancer, particularly lung and stomach cancer, is also driving demand for non-invasive diagnostic tests. According to the Global Cancer Observatory (GCO), there were approximately 74,379 new cases of stomach cancer and 105,306 new cases of lung cancer reported in Latin America and the Caribbean in 2022. In the same year, about 57,895 and 90,846 individuals died from stomach and lung cancer, respectively.
Collaboration with major market players and local distributors is making endoscopes more affordable across the region. Additionally, training programs for medical personnel are improving procedural standards. With enhancing affordability and increased awareness, South and Central America will offer significant opportunities for market expansion in the near future.
Country Insights
The medical endoscopes market in South and Central America is further segmented by countries, including Brazil, Argentina, Chile, Colombia, Peru, and the Rest of SACA. Brazil accounted for the largest share in 2024.
Brazil has the largest market for medical endoscopes in Latin America, attributed to its significant population, improved access to healthcare, and a growing prevalence of gastrointestinal issues. There is a robust demand for endoscopic procedures, particularly in urban areas where both private and public healthcare are advancing. Major companies are expanding their presence in Brazil to meet the increasing demand for better medical technology.
For example, in September 2024, Olympus Latin America launched its latest-generation EVIS X1 endoscopy system in Brazil. This state-of-the-art system features advanced visualization technologies, including texture and color enhancement imaging, red dichromatic imaging, brightness adjustment imaging while maintaining contrast, and narrow-band imaging, which are aimed at improving the detection and treatment of gastrointestinal disorders.
However, the Brazilian market faces challenges such as budget constraints in the public healthcare system, regional disparities in access to care, and a heavy reliance on imported equipment.
Company Profiles
Key players in the South and Central America medical endoscopes market include Olympus Corporation, Johnson & Johnson, Karl Storz SE & Co. KG, Smith+Nephew, Medtronic, Boston Scientific, B. Braun SE, Stryker Corporation, Fujifilm Holdings Corporation, HOYA Corporation, and Ambu A/S. These companies are employing strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and offer innovative products to consumers.
Executive Summary and Market Analysis
South and Central America represent an emerging market for medical endoscopes, with growth primarily driven by improving healthcare infrastructure, increasing awareness of minimally invasive procedures, and rising investments in diagnostic capabilities. While advanced endoscopic technologies have traditionally been limited in certain areas, the growing demand for early disease detection—especially for gastrointestinal and respiratory conditions—encourages wider adoption.
Market Segmentation Analysis
The medical endoscopes market is segmented by product type, usability, application, and end user.
By Product Type:The market includes rigid endoscopes, flexible endoscopes, capsule endoscopes, ultrasound endoscopes, and robot-assisted endoscopes. In 2024, the flexible endoscopes segment dominated the market.
By Usability:The market is categorized into reusable and disposable endoscopes, with reusable endoscopes holding the largest share in 2024.
By Applications: The market segments include gastrointestinal endoscopy, laparoscopy, gynecology endoscopy, arthroscopy, urology, bronchoscopy, ENT endoscopy, neuroendoscopy, and others. The gastrointestinal endoscopy segment accounted for the largest share in 2024.
By End User:The market consists of hospitals, specialty clinics, ambulatory surgical centers, and diagnostic centers, with hospitals holding the largest share in 2024.
Market Outlook
Local authorities are gradually increasing funding for public health initiatives, which is enabling more hospitals and specialty clinics to invest in endoscopic systems. The rising incidence of cancer, particularly lung and stomach cancer, is also driving demand for non-invasive diagnostic tests. According to the Global Cancer Observatory (GCO), there were approximately 74,379 new cases of stomach cancer and 105,306 new cases of lung cancer reported in Latin America and the Caribbean in 2022. In the same year, about 57,895 and 90,846 individuals died from stomach and lung cancer, respectively.
Collaboration with major market players and local distributors is making endoscopes more affordable across the region. Additionally, training programs for medical personnel are improving procedural standards. With enhancing affordability and increased awareness, South and Central America will offer significant opportunities for market expansion in the near future.
Country Insights
The medical endoscopes market in South and Central America is further segmented by countries, including Brazil, Argentina, Chile, Colombia, Peru, and the Rest of SACA. Brazil accounted for the largest share in 2024.
Brazil has the largest market for medical endoscopes in Latin America, attributed to its significant population, improved access to healthcare, and a growing prevalence of gastrointestinal issues. There is a robust demand for endoscopic procedures, particularly in urban areas where both private and public healthcare are advancing. Major companies are expanding their presence in Brazil to meet the increasing demand for better medical technology.
For example, in September 2024, Olympus Latin America launched its latest-generation EVIS X1 endoscopy system in Brazil. This state-of-the-art system features advanced visualization technologies, including texture and color enhancement imaging, red dichromatic imaging, brightness adjustment imaging while maintaining contrast, and narrow-band imaging, which are aimed at improving the detection and treatment of gastrointestinal disorders.
However, the Brazilian market faces challenges such as budget constraints in the public healthcare system, regional disparities in access to care, and a heavy reliance on imported equipment.
Company Profiles
Key players in the South and Central America medical endoscopes market include Olympus Corporation, Johnson & Johnson, Karl Storz SE & Co. KG, Smith+Nephew, Medtronic, Boston Scientific, B. Braun SE, Stryker Corporation, Fujifilm Holdings Corporation, HOYA Corporation, and Ambu A/S. These companies are employing strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and offer innovative products to consumers.
Table of Contents
146 Pages
- 1. Introduction
- 1.1 Business Market Insights Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. South and Central America Medical Endoscopes Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 5. South and Central America Medical Endoscopes Market – Key Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Rising Prevalence of Chronic Diseases
- 5.1.2 Technological Advancements
- 5.1.3 Rising Adoption of Minimally Invasive Surgeries
- 5.2 Market Opportunities
- 5.2.1 Introduction of Disposable Endoscopes
- 5.2.2 Rising Adoption of Capsule Endoscopy
- 5.3 Future Trends
- 5.3.1 Transition Toward Single-Use Endoscopy
- 5.3.2 Integration of Artificial Intelligence
- 5.3.3 Rising Focus on Sustainability
- 5.4 Impact of Drivers and Restraints
- 6. South and Central America Medical Endoscopes Market Regional Analysis
- 6.1 South and Central America Medical Endoscopes Market Overview
- 6.2 South and Central America Medical Endoscopes Market Revenue 2021-2031 (US$ Million)
- 6.3 South and Central America Medical Endoscopes Market Forecast Analysis
- 7. South and Central America Medical Endoscopes Market Analysis – by Product Type
- 7.1 Rigid Endoscopes
- 7.1.1 Overview
- 7.1.2 Rigid Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 7.2 Flexible Endoscopes
- 7.2.1 Overview
- 7.2.2 Flexible Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 7.3 Capsule Endoscopes
- 7.3.1 Overview
- 7.3.2 Capsule Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 7.4 Ultrasound Endoscope
- 7.4.1 Overview
- 7.4.2 Ultrasound Endoscope: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 7.5 Robot-assisted Endoscopes
- 7.5.1 Overview
- 7.5.2 Robot-assisted Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 8. South and Central America Medical Endoscopes Market Analysis – by Usability
- 8.1 Reusable Endoscopes
- 8.1.1 Overview
- 8.1.2 Reusable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 8.2 Disposable Endoscopes
- 8.2.1 Overview
- 8.2.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9. South and Central America Medical Endoscopes Market Analysis – by Application
- 9.1 Gastrointestinal Endoscopy
- 9.1.1 Overview
- 9.1.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2 Laparoscopy
- 9.2.1 Overview
- 9.2.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.3 Gynecology Endoscopy
- 9.3.1 Overview
- 9.3.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.4 Arthroscopy
- 9.4.1 Overview
- 9.4.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.5 Uroscopy
- 9.5.1 Overview
- 9.5.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.6 Bronchoscopy
- 9.6.1 Overview
- 9.6.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.7 ENT Endoscopy
- 9.7.1 Overview
- 9.7.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.8 Neuroendoscopy
- 9.8.1 Overview
- 9.8.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 9.9 Others
- 9.9.1 Overview
- 9.9.2 Disposable Endoscopes: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10. South and Central America Medical Endoscopes Market – South and Central America Analysis
- 10.1 South and Central America
- 10.1.1 South and Central America Medical Endoscopes Market Breakdown, by Key Country, 2025 and 2031 (%)
- 10.1.1.1 South and Central America Medical Endoscopes Market – Revenue and Forecast Analysis – by Country
- 10.1.1.1 Brazil: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.1.1 Brazil: South and Central America Medical Endoscopes Market Breakdown, by Product Type
- 10.1.1.1.2 Brazil: South and Central America Medical Endoscopes Market Breakdown, by Usability
- 10.1.1.1.3 Brazil: South and Central America Medical Endoscopes Market Breakdown, by Application
- 10.1.1.2 Argentina: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.2.1 Argentina: South and Central America Medical Endoscopes Market Breakdown, by Product Type
- 10.1.1.2.2 Argentina: South and Central America Medical Endoscopes Market Breakdown, by Usability
- 10.1.1.2.3 Argentina: South and Central America Medical Endoscopes Market Breakdown, by Application
- 10.1.1.3 Chile: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.3.1 Chile: South and Central America Medical Endoscopes Market Breakdown, by Product Type
- 10.1.1.3.2 Chile: South and Central America Medical Endoscopes Market Breakdown, by Usability
- 10.1.1.3.3 Chile: South and Central America Medical Endoscopes Market Breakdown, by Application
- 10.1.1.4 Colombia: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.4.1 Colombia: South and Central America Medical Endoscopes Market Breakdown, by Product Type
- 10.1.1.4.2 Colombia: South and Central America Medical Endoscopes Market Breakdown, by Usability
- 10.1.1.4.3 Colombia: South and Central America Medical Endoscopes Market Breakdown, by Application
- 10.1.1.5 Peru: South and Central America Medical Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.5.1 Peru: South and Central America Medical Endoscopes Market Breakdown, by Product Type
- 10.1.1.5.2 Peru: South and Central America Medical Endoscopes Market Breakdown, by Usability
- 10.1.1.5.3 Peru: South and Central America Medical Endoscopes Market Breakdown, by Application
- 11. Competitive Landscape
- 11.1 Heat Map Analysis
- 11.2 Company Positioning and Concentration
- 12. South and Central America Medical Endoscopes Market Industry Landscape
- 12.1 Overview
- 12.2 Mergers and Acquisitions
- 12.3 Agreements, Collaborations, and Joint Ventures
- 12.4 New Product Launches
- 12.5 Expansions and Other Strategic Developments
- 13. Company Profiles
- 13.1 Olympus Corporation
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Fujifilm Holdings Corporation
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Boston Scientific
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Karl Storz SE & Co. KG
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Stryker Corporation
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 B. Braun SE
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 HOYA Corporation
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Ambu A/S
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Johnson & Johnson
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Medtronic
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
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