Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Endoscopy devices are used as both diagnostic and therapeutic devices that serve clinical solutions to the world by allowing close examination of internal organs and body structures. As opposed to conventional imaging devices like X-rays, endoscopic devices possess a tube-like instrument called endoscope, inserted directly inside the organ which provides comprehensive details of the organs under study.

Global Endoscopy Devices Market: Drivers

Increasing prevalence of gastrointestinal diseases is expected to propel growth of the global endoscopy devices market over the forecast period. For instance, according to the study, ‘Worldwide incidence and prevalence of inflammatory bowel disease in the 21st century: a systematic review of population-based studies’, published in the journal Lancet in 2018, the prevalence of Crohn's disease in Germany was 22 per 100,000 and 319 per 100,000 in Canada.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.     

The global endoscopy devices market is estimated to account for US$ 14,384.0 Million in 2020 and expected to reach around US$ 27,622.6 Million by the end of 2027.

Fig 1. Global Endoscopy Devices Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027

Endoscopy Device  | Coherent Market Insights

Global Endoscopy Devices Market: Restraints

Negative impact of U.S. medical device tax and rigorous FDA regulatory process is expected to hinder growth of the global endoscopy devices market. The U.S. government scheduled to implement a 2.3% excise tax on medical devices sales in 2013.The effect of this will be seen on the prices of the endoscopic devices as companies will raise prices and pass on to customers as a way to deal with the increased tax in the U.S.

Moreover, lack of proper guidelines regarding proper selection and usage of automated endoscope reprocessors is expected to hamper growth of the global endoscopy devices market. Ill-advised endoscope cleaning can bring about danger of building up an extreme contamination. Claims have been recorded against manufacturers, asserting the device outlines keep legitimate sanitization from happening, putting patients at danger of genuine medical issues.

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Endoscopy Devices Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 14,384.0 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 9.8% 2027 Value Projection: US$ 27,622.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Rigid Endoscopes, Flexible Endoscopes, Endoscopic Visualization Systems, Endoscopic Accessories.
  • By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Others.
Companies covered:

Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, 3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, Richard Wolf GmbH, and Fujifilm Holding Corporation.

Growth Drivers:
  • Increasing prevalence of gastrointestinal diseases
Restraints & Challenges:
  • Negative impact of U.S. medical device tax and rigorous FDA regulatory process

Global Endoscopy Devices Market: Opportunities 

R&D of new endoscopy technologies is expected to offer lucrative growth opportunities for players in the global endoscopy devices market. For instance, in June 2020, Xenocor, Inc. received the U.S. patent in connection with the Xenoscope Single-use Laparoscopic System, which provides valuable protection for materials used in the disposable scope that reduce fogging and improve the clarity of the resulting images provided by the system.

Moreover, increasing adoption of hyperspectral imaging is also expected to offer lucrative growth opportunities for players in the global endoscopy devices market. Hyperspectral imaging has been used in conjunction with rigid endoscopy to detect cancer in vivo.

Fig .2. Global Endoscopy Devices Market, Regional Market Share Analysis, (%) 2020

Endoscopy Device  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the global endoscopy devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in June 2020, AnX Robotica Corporation received the U.S. Food and Drug Administration’s De-Novo classification for its NaviCam Magnetically Controlled Capsule Endoscopy System.

The market is witnessing launch of cleaning products for endoscopy devices. For instance, in April 2020, Toray, Industries Inc. launched TORAYSEE for ES Micro Fiber Wiping Cloths specified for cleaning endoscope lenses of laparoscopic surgery.

Global Endoscopy Devices Market: Competitive Landscape

Major players operating in the global endoscopy devices market include, Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation,  3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, Richard Wolf GmbH, and Fujifilm Holding Corporation.

Global Endoscopy Devices Market: Key Developments

Major players in the global endoscopy devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in April 2020, Olympus Corporation launched EVIS X1, an endoscopy system which improves outcomes from disorders of the stomach, colon, and oesophagus, as well as from bronchial diseases.

Similarly, in March 2020, KARL STORZ Endoscopy-America, Inc. launched TELE PACK + compact endoscopy system.

Endoscopy devices are minimally-invasive diagnostic medical devices used to assess the internal organs of the body. These devices are used to examine unusual symptoms and to perform surgery. Such as device comprises a flexible tube with an attached camera, which allows the doctor to view potential threats without a large incision. While, therapeutic endoscopy devices are modified with surgical instruments to carry out surgeries such as removal of kidney stones and fibroids. The procedure is associated with minimal post operation complications, thus making it the most preferred and pursued procedure in surgery and diagnostics. These devices include operative devices and visualization systems, which gives direct insight of the organs for efficient treatment, unlike other medical imaging devices.

Key features of the study:

  • This report provides in-depth analysis of the Global Endoscopy Devices market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Endoscopy Devices market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, 3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, Richard Wolf GmbH, and Fujifilm Holding Corporation.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Endoscopy Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Endoscopy Devices market

Detailed Segmentation:

  • Global Endoscopy Devices market, By Product Type:
    • Rigid Endoscopes
    • Flexible Endoscopes
    • Endoscopic Visualization Systems
    • Endoscopic Accessories
  • Global Endoscopy Devices market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
    • Others
  • Global Endoscopy Devices market, By Region:
    • North America
      • By Product Type:
        • Rigid Endoscopes
        • Flexible Endoscopes
        • Endoscopic Visualization Systems
        • Endoscopic Accessories
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Others
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Rigid Endoscopes
        • Flexible Endoscopes
        • Endoscopic Visualization Systems
        • Endoscopic Accessories
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Rigid Endoscopes
        • Flexible Endoscopes
        • Endoscopic Visualization Systems
        • Endoscopic Accessories
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Others
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Rigid Endoscopes
        • Flexible Endoscopes
        • Endoscopic Visualization Systems
        • Endoscopic Accessories
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Others
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Rigid Endoscopes
        • Flexible Endoscopes
        • Endoscopic Visualization Systems
        • Endoscopic Accessories
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Others
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Rigid Endoscopes
        • Flexible Endoscopes
        • Endoscopic Visualization Systems
        • Endoscopic Accessories
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Others
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Accellent Inc.*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Aesculap Inc.
    • Arthrex Inc
    • Boston Scientific Corporation
    • 3NT Medical
    • AnX Robotica Corporation
    • C.R. BARD INC
    • Conmed Corporation
    • Olympus Corporation
    • KARL STORZ
    • Endoscopy-America, Inc.
    • Cook Medical Incorporated
    • Richard Wolf GmbH
    • Fujifilm Holding Corporation
  • “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Endoscopy Devices market, By Product Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Rigid Endoscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Flexible Endoscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Endoscopic Visualization Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Endoscopic Accessories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Endoscopy Devices market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Endoscopy Devices market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Accellent Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Aesculap Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Arthrex Inc
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Boston Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • 3NT Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • AnX Robotica Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • C.R. BARD INC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Conmed Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Olympus Corporation Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • KARL STORZ
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Endoscopy-America, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cook Medical Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Richard Wolf GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Fujifilm Holding Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 23 market data tables and 20 figures on “Endoscopy Devices Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Endoscopy Devices Market is expected to register a CAGR of 9.8% during the forecast period (2020-2027).
The market value of the global endoscopy devices market is estimated to be US$ 14,384.0 million in 2020.
The prominent players in the global endoscopy devices market are Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, 3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, Richard Wolf GmbH, and Fujifilm Holding Corporation.
The global endoscopy devices market is expected to be valued at US$ 27,622.6 million in 2027.
North America is a major region in the global endoscopy devices market.
High prevalence of chronic diseases is expected to propel growth of the global endoscopy devices market during the forecast period.
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