
Global Endoscopy Equipment Market
Description
Global Endoscopy Equipment Market
The global endoscopy equipment market in terms of revenue grew at a CAGR of 7.9% from USD 39,401 million in 2020 to USD 49,510 million in 2023. This trend is expected to continue in the coming years with the global endoscopy equipment market expected to grow at a CAGR of 7.6% from 2023 to 2028, reaching USD 71,533 million in 2028. The endoscopy devices market is expected to witness significant growth in the forecast period due to several market drivers. The rise in preference for minimally invasive surgeries over open, invasive surgeries has led to an increased demand for endoscopic procedures, which has driven the growth of the endoscopy devices market. Technological advancements in endoscopy techniques such as chromoendoscopy, narrow-band imaging (NBI), and endoscopic retrograde cholangiopancreatography (ERCP) have facilitated the early diagnosis of diseases and thus are driving the market growth. Additionally, the increasing incidence rate of diseases requiring endoscopy procedures, such as cancer, neurological, orthopedic, and gastroesophageal reflux disorder (GERD), is expected to drive market growth. Favorable reimbursement policies, FDA approvals, and the adoption of innovative endoscopy procedures with advanced visualization systems are anticipated to further boost the market growth of endoscopy devices.
The valuation of the Flexible segment in 2022 stood at USD 22,319 million, and it is projected to reach USD 39,070 million by 2028. Furthermore, the Capsule segment is anticipated to exhibit the highest compound annual growth rate (CAGR) of 9.9% during the forecast period from 2023 to 2028. Market growth is primarily driven by several factors, including the global increase in the elderly population, the rising prevalence of conditions such as cancer, diabetes, and obesity, and the growing preference among patients for minimally invasive surgical procedures. Additionally, the prospect of shorter hospital stays, quicker recoveries, and reduced medical expenses is expected to further propel this growth. However, challenges such as the scarcity of skilled endoscopic technicians, substantial initial investments, the risk of contamination, and concerns regarding patient safety during endoscopic procedures present potential threats to the market's expansion.
Currently, North America holds the largest share of the global endoscopy equipment market, followed by Europe and Asia Pacific. However, the growth in the endoscopy market is expected to focus on the fast-growing Asian region. The Asia Pacific region has witnessed a growing demand for endoscopy equipment in recent years due to the increased prevalence of gastrointestinal diseases and the rising awareness of early disease detection. However, the market growth is hindered by high costs associated with the installation and maintenance of endoscopy equipment. Despite this challenge, the leading countries in the region, which include China, Japan, and South Korea, have consistently shown a preference for flexible scopes and minimally invasive surgeries. This trend can be attributed to the numerous benefits of these procedures, such as reduced recovery time, minimal scarring, and lower risk of infection. Additionally, the increasing adoption of technological advancements, such as robotic-assisted endoscopy, has further fueled the demand for endoscopy equipment in the Asia Pacific region.
In 2022, according to the Tanalyze Ltd. Analysis, the global Endoscopy Equipment market was dominated by five key players: Olympus Corporation, Johnson & Johnson, Boston Scientific Corporation, Karl Storz SE & Co. KG, and Medtronic plc. These companies collectively held a market share of over 65%. Additionally, other prominent companies in this industry included Ambu A/S, B. Braun Melsungen AG, ConMed Corporation, Arthrex, Inc., Richard Wolf GmbH, Hoya Corporation, Fujifilm Corporation, Stryker Corporation, Smith & Nephew, Inc., CapsoVision, Inc., and STERIS plc.
This study aims to analyze the global market for various segments of endoscopy equipment, including:
Application: Laparoscopy, Arthroscopy, GI Endoscopy (Gastrointestinal Endoscopy), Urology Endoscopy, ENT Endoscopy (Ear, Nose, and Throat Endoscopy), Gynecology Endoscopy, Pulmonology, and Neurology.
Product Type: Flexible, Rigid, and Capsule.
End-User: Hospitals, Diagnostic Laboratories, and Others.
Region: North America, Europe, Asia Pacific, Rest of World.
Furthermore, the report also analyzed the endoscopy equipment applications, product, and end-user markets of the North America, Europe, Asia Pacific, and Rest of World regions. It conducted market research on key countries within each region, such as the United States in North America, the United Kingdom, France, and Germany in Europe, and Japan, China, India, Australia, and Malaysia in the Asia Pacific region, specifically focusing on the Endoscopy Equipment market."
Table of Contents
216 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Application
- Product Type
- End-User
- Region
- Research Methodology
- Part 3. Endoscopy Equipment Market Overview
- Summary
- Introduction
- Part 4. Market Dynamics
- Growth Drivers and Future Trends
- Restraints and Challenges
- Opportunities
- Part 5. Technological Development
- Part 6. Global Endoscopy Equipment Market by Application
- Laparoscopy
- Urology Endoscopy
- Arthroscopy
- GI Endoscopy
- ENT Endoscopy
- Gynecology Endoscopy
- Neurology Endoscopy
- Part 7. Global Endoscopy Equipment Market by Product Type
- Rigid Endoscopy Outlook
- Rigid Endoscopy Key Drivers
- Flexible Endoscopy Outlook
- Flexible Endoscopy Key Drivers
- Capsule Endoscopy Outlook
- Part 8. Global Endoscopy Equipment Market by End-User
- Part 9. Global Endoscopy Equipment Market by Region
- North America
- Europe
- Asia Pacific
- Part 10. Global Endoscopy Equipment Market by Distribution Channel
- Part 11. North America Endoscopy Equipment Market
- Endoscopy Equipment Market Overview
- Endoscopy Equipment Market by Application
- Endoscopy Equipment Market by Product Type
- Endoscopy Equipment Market by End-User
- Endoscopy Equipment Market by Country
- Part 12. Europe Endoscopy Equipment Market
- Endoscopy Equipment Market Overview
- Endoscopy Equipment Market by Application
- Endoscopy Equipment Market by Product Type
- Endoscopy Equipment Market by End-User
- Endoscopy Equipment Market by Country
- Part 13. Asia Pacific Endoscopy Equipment Market
- Endoscopy Equipment Market Overview
- Endoscopy Equipment Market by Application
- Endoscopy Equipment Market by Product Type
- Endoscopy Equipment Market by End-User
- Endoscopy Equipment Market by Country
- Part 14. Rest of World (RoW) Endoscopy Equipment Market
- Endoscopy Equipment Market Overview
- Endoscopy Equipment Market by Application
- Endoscopy Equipment Market by Product Type
- Endoscopy Equipment Market by End-User
- Endoscopy Equipment Market by Region
- Part 15. Competitive Analysis
- Competition Overview
- Recent Developments
- Olympus Corporation
- Business Overview
- Endoscopic Solutions
- Contact Information
- Johnson & Johnson
- Business Overview
- Contact Information
- Karl Storz SE & Co. KG
- Business Overview
- Contact Information
- Boston Scientific Corporation
- Business Overview
- Endoscopy
- Contact Information
- Medtronic plc
- Business Overview
- Gastrointestinal and Endoscopy Products
- Contact Information
- Ambu A/S
- Business Overview
- Endoscopy Solutions
- Contact Information
- B. Braun Melsungen AG
- Business Overview
- Contact Information
- ConMed Corporation
- Business Overview
- Contact Information
- Arthrex, Inc.
- Business Overview
- Contact Information
- Richard Wolf GmbH
- Business Overview
- Contact Information
- Hoya Corporation
- Business Overview
- Contact Information
- Fujifilm Corporation
- Business Overview
- Contact Information
- Stryker Corporation
- Business Overview
- Endoscopy
- Contact Information
- Smith & Nephew, Inc.
- Business Overview
- Contact Information
- CapsoVision, Inc.
- Business Overview
- Capsule Endoscopy
- Contact Information
- STERIS plc
- Business Overview
- Endoscopy
- Contact Information
- Part 16. Market Prospects
- Disclaimer
- FIGURES AND TABLES
- Global Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
- Global Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
- Global Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
- Global Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
- Global Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
- Global Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
- Global Endoscopy Equipment Market Share by Region, 2022
- Global Endoscopy Equipment Market by Region, 2020-2028 (USD Million)
- Global Endoscopy Equipment Market by Region, CAGR Historic and Forecast, 2020-2028
- Global Endoscopy Equipment Market Share, by Distribution Channel, 2022
- North America Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
- North America Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
- North America Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
- North America Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
- North America Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
- North America Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
- North America Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
- North America Endoscopy Equipment Market Share by Country, 2022
- Europe Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
- Europe Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
- Europe Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
- Europe Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
- Europe Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
- Europe Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
- Europe Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
- Europe Endoscopy Equipment Market Share by Country, 2022
- Asia Pacific Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
- Asia Pacific Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
- Asia Pacific Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
- Asia Pacific Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
- Asia Pacific Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
- Asia Pacific Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
- Asia Pacific Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
- Asia Pacific Endoscopy Equipment Market Share by Country, 2022
- Rest of World (RoW) Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
- Rest of World Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
- Rest of World Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
- Rest of World Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
- Rest of World Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
- Rest of World Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
- Rest of World Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
- Rest of World Endoscopy Equipment Market Share by Region, 2022
- Global Endoscopy Equipment Market Share, by Top Company, 2022
- Top Endoscopy Equipment Company Segments
- Olympus Corporation Financial Overview (JPY Million)
- Olympus Corporation Revenue, by Segment, 2023
- Olympus Corporation Revenue, by Region, 2023
- Olympus Corporation Endoscopic Solutions Revenue (JPY Million)
- Olympus Corporation Endoscopic Solutions Revenue, by Region, 2023
- Johnson & Johnson Financial Overview (USD Million)
- Johnson & Johnson Revenue, by Segment, 2022
- Johnson & Johnson Revenue, by Region, 2022
- Boston Scientific Corporation Financial Overview (USD Million)
- Boston Scientific Corporation Revenue, by Segment, 2022
- Boston Scientific Corporation Revenue, by Region, 2022
- Boston Scientific Corporation Endoscopy Product Offerings
- Boston Scientific Corporation Endoscopy Revenue (USD Million)
- Boston Scientific Corporation Endoscopy Revenue, by Region, Nine Months Ended September 30,2023
- Medtronic plc Financial Overview (USD Million)
- Medtronic plc Revenue, by Segment, 2023
- Medtronic plc Revenue, by Region, 2023
- Medtronic plc Respiratory, Gastrointestinal, & Renal Revenue (USD Million)
- Ambu A/S Financial Overview (DKK Million)
- Ambu A/S Revenue, by Segment, 2023
- Ambu A/S Revenue, by Region, 2023
- Ambu A/S Endoscopy Solutions Revenue (DKK Million)
- Ambu A/S Endoscopy Solutions Revenue, by Type, 2023
- Ambu A/S Endoscopy Solutions Revenue, by Region, 2023
- B. Braun Melsungen AG Financial Overview (EUR Million)
- B. Braun Melsungen AG Revenue, by Segment, 2022
- B. Braun Melsungen AG Revenue, by Type, 2022
- B. Braun Melsungen AG Revenue, by Region, 2022
- ConMed Corporation Financial Overview (USD Million)
- ConMed Corporation Revenue, by Segment, 2022
- ConMed Corporation Revenue, by Region, 2022
- Hoya Corporation Financial Overview (USD JPYillion)
- Fujifilm Corporation Financial Overview (JPY Billion)
- Fujifilm Corporation Revenue, by Segment, 2023
- Fujifilm Corporation Revenue, by Region, 2023
- Stryker Corporation Financial Overview (USD Million)
- Stryker Corporation Revenue, by Segment, 2022
- Stryker Corporation Revenue, by Product, 2022
- Stryker Corporation Revenue, by Region, 2022
- Stryker Corporation Endoscopy Revenue (USD Million)
- Stryker Corporation Endoscopy Revenue, by Region, 2022
- Smith & Nephew, Inc. Financial Overview (GBP Million)
- Smith & Nephew, Inc. Revenue, by Segment, 2022
- Smith & Nephew, Inc. Revenue, by Region, 2022
- STERIS plc Financial Overview (USD Million)
- STERIS plc Revenue, by Segment, 2023
- STERIS plc Revenue, by Type, 2023
- STERIS plc Revenue, by Region, 2023
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