Endoscopes Market Analysis By Product (Rigid Endoscopes, Flexible Endoscopes), By Application (Gastrointestinal Endoscopy, Laparoscopy, Gynecology Endoscopy, Urology Endoscopy, Arthroscopy), By End Use, By Region - Global Insights 2022 to 2032

Global Endoscopes Market Outlook (2022-2032)

The global sales of endoscopes is likely to garner a market value of US$ 13 Bn and is expected to register a CAGR of 10% by accumulating a market value of US$ 34 Bn through the assessment period 2022-2032.

Increasing prevalence of chronic disorders along with growing awareness of early diagnosis is positively influencing the demand for endoscopes. Moreover, increasing geriatric population across the globe is driving the sales of endoscopes.

Demand Analysis of Endoscopes from 2015 to 2021 Vs Market Projections for 2022 to 2032

According to Fact.MR- market research and competitive intelligence provider- demand for endoscopes surged at a CAGR of 9% from 2015 to 2021. Rising preference for minimally invasive surgical procedures to reduce patient trauma has proven to be a significant growth accelerator throughout the historical period.

During the COVID-19 pandemic, endoscope market demand underwent multiple fluctuations. At the onset of the disease, there was a significant shortage, attributed to the imposition of stringent lockdowns to curb the spread of the virus. Production shortfalls amid factory shutdowns led to a demand supply disequilibrium. Eventually, however, prospects appeared optimistic, given the rising need to scan infected patients and suggest appropriate treatment.

In the future, favourable reimbursement policies provided by healthcare sectors along with increasing FDA approvals for endoscopic devices are expected to escalate the demand for endoscopes. Thus, the sales of endoscopes are expected to exceed US$ 34 Bn by registering a CAGR of 10% in the forecast period 2022-2032.

Gastrointestinal Disorders Creating Lucrative Opportunities for Endoscope Manufacturers?

Endoscopic procedures are being largely used to diagnose and treat functional gastrointestinal disorders. As functional gastrointestinal disorders have the ability to affect the gastrointestinal tract, including the stomach, oesophagus, and intestines, the demand for treatments have grown. This, in turn, is increasing the sales of endoscopes.

In addition, increasing prevalence of functional gastrointestinal disorders, such as Irritable Bowel Syndrome (IBS), functional dyspepsia and functional constipation is expected to accelerate the adoption of endoscopy devices. Thus, the aforementioned factors are leveraging the use of endoscopes on a large scale. Due to this, the demand for endoscopes is expected to grow.

Obesity Key Reason for Gastrointestinal Disorders?

Obesity is a serious health problem due to sedentary lifestyles and diets. Moreover, obseity is associated with several gastrointestinal disorders, such as esophageal adenocarcinoma, gastroesophageal reflux disease, erosive esophagitis, colorectal polyps, and cancer. Moreover, indigestion caused due to being lactose intolerant, improper diagnosis and ignorance is pushing patients to test themselves with the help of endoscopes.

Furthermore, growth in obesity amongst people is expected to grow at a significant rate by 2030 owing to unhealthy lifestyle. This has increased the demand for endoscopic sleeve gastroplasty procedures as it significantly reduces stomach volume. Moreover, doctors too are giving preference to using endoscopes as they provide accurate results. This helps the doctors to prescribe medication and any space for improper diagnosis is completely deleted. Thus, the demand for endoscopic treatments to treat obesity is expected to positively demand the sales of endoscopes.

Region-wise Analysis

Gastrointestinal Disorders Surging Demand for Endoscopes in North America?

Increasing adoption of elective endoscopic procedures along with improved healthcare expenditure, and the high geriatric population is fuelling the growth of endoscopes market in North America. In addition, the high burden of cancer and functional gastrointestinal disorders in the U.S. is expected to drive the demand for endoscopes.

For instance, according to the American Cancer Society, about 1.9 million new cancer cases are estimated to be diagnosed in 2021 in the U.S. Thus, North America is expected to hold more than 40% market share for endoscope market in the assessment period.

Geriatric Population Surging Demand for Endoscopes in Asia Pacific?

Increasing number of people suffering from gastrointestinal disorders in China and India is propelling the demand for endoscopes. Moreover, growing geriatric population and improving healthcare infrastructure is positively influencing the demand for endoscopes in the region.  

Another key reason for increasing demand of endoscopes is the rapid economic development and increasing government healthcare initiatives.

Furthermore, the presence of key players in Asia Pacific is bolstering the adoption of endoscopes. Thus, Asia Pacific is expected to hold more than 35% market share for endoscopes.

Category-Wise Insights

Various Surgical Applications Bolstering Demand for Endoscopes?

Healthcare professionals are giving preference to using first-line therapeutic option as the treatment can be performed by sedating patients. In addition, the cost-effectiveness, safety, and high-efficiency properties are expected to accelerate the use of flexible endoscopes.

Moreover, use of flexible endoscopes in various surgical applications, such as gastrointestinal endoscopy, laparoscopy, arthroscopy, broncoscopy, otoscopy, mediastinoscopy, and laryngoscopy, urology endoscopy, obstetrics/gynecological endoscopy. This increases their adoption and thereby fueling the segment growth. Thus, by product type, flexible endoscopes are expected to possess more than 45% market share for endoscopes.

Surgeries Augmenting Demand for Endoscopes?

A large number of surgeries are performed in hospitals. Thus, they are considered the primary health care system in majority of the countries. In addition, increasing product preference among patients for chronic diseases treatment is derived from hospitals. Moreover, reimbursement policies and favourable infrastructure is propelling the growth of hospitals.

Furthermore, as compared to other healthcare systems, the maximum number of surgeries are performed in the hospitals. Thus, hospitals are expected to possess more than 50% market share for endoscopes.

Competitive Landscape

• In January 2021, Olympus Corp completed the acquisition of Quest Photonic devices. The company is focusing on offering and inventing endoscopes to provide better treatments to patients.

Report Scope

Key Segments Covered in the Endoscopes Market Report

• By Product

  • Rigid Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Other Rigid Endoscopes
    • Urology Endoscopes
    • Cystoscopes
    • Gynaecology Endoscopes
    • Neuroendoscopes
  • Flexible Endoscopes
    • Upper Gastrointestinal Endoscopes
    • Rhinoscope
    • Bronchoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Colonoscopes
    • Sigmoidoscopes
    • Laryngoscopes
    • Pharyngoscopes
  • Other Flexible Endoscopes
    • Capsule Endoscopes
    • Disposable Endoscopes
    • Robot Assisted Endoscopes

• By Application

  • Laparoscopy
  • Otoscopy
  • Laryngoscopy
  • Urology Endoscopy (Cystoscopy)
  • Bronchoscopy
  • Gastrointestinal (GI) Endoscopy
  • Obstetrics/Gynecology Endoscopy
  • Arthroscopy
  • Mediastinoscopy
  • Other Applications

• By End Use

  • Ambulatory Surgery Centers/Clinics
  • Hospitals
  • Other End Uses