Endoscopy device market

Endoscopy Device Market, by Product Type (Rigid Endoscopes, Flexible Endoscopes, Endoscopic Visualization Systems, Endoscopic Accessories), by End User (Hospitals, Ambulatory Surgical Centers, Clinics, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Oct 2022
CMI442
150 Pages
Excel & Pdf
Medical Devices

Summary

Endoscopy devices are used as both diagnostic and therapeutic devices that work for 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 device market is estimated to be valued at US$ 17,152.8 million in 2022 and is expected to exhibit a CAGR of 9.8% during the forecast period (2022-2030).

Figure 1. Global Endoscopy Device Market Share (%), by Product Type, 2022

Key market players are involved in product launch i.e., endoscopy device, which is anticipated to propel the global endoscopy device market growth.

Increase in product launch by the key market players is expected to drive growth of the global endoscopy device market over the forecast period. For instance, on December 14, 2021, FUJIFILM Holdings America Corporation, a provider of endoscopic and endo surgical innovations, launched TRACMOTION, the company's device for endoscopic submucosal dissection at the New York Society of Gastrointestinal Endoscopy (NYSGE) Conference, held from December 16 to December 17, 2021 at the New York Marriott Marquis Hotel Times Square. TRACMOTION has 360° movable jaws which make it simple to hold and re-grip huge lesions, that improves a clinician's visibility as well as makes the lesions extraction process less complicated, and possibly speeding up endoscopic submucosal dissection procedures.

Endoscopy Device Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 17,152.8 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	9.8%	2030 Value Projection:	US$ 36,197.0 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 Countries, Israel, and 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 product launch by the key market players Increasing prevalence of gastrointestinal disease
Restraints & Challenges:	Increasing complications with the use of endoscopy device

Figure 2. Global Endoscopy Device Market Share (%), by Region, 2022

Increasing worldwide prevalence of gastrointestinal diseases is expected to fuel growth of the endoscopy device market.

Increasing prevalence of gastrointestinal diseases is expected to propel growth of the global endoscopy device 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.

Global Endoscopy Device Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of endoscopy device, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of endoscopy device from one place to another. Additionally, there were delays in hospitalization and surgical procedures as number of patient visits decreased, which affected the global endoscopy device market over the forecast period.

Global Endoscopy Device Market: Key Developments

On March 28, 2022, Endoluxe, a biotechnology company, launched high-definition wireless endoscopy camera Endoluxe eVS. Endoluxe eVS is used for all endoscopic procedures such as in urology, gynecology, general surgery, orthopedics, etc. Endoluxe’s endoscopic platforms have components such as a camera head, camera processor, light source, bulky light cable, monitor, hazard-prone cables from the camera to the monitor, recorder, etc.

Global Endoscopy Device Market: Restraint

Possible complications with the use of endoscopy device are expected to hamper growth of the global endoscopy device market. For instance, according to data published in 2019 by Johns Hopkins University, a research university, there are possible complications that may occur with an upper gastrointestinal endoscopy such as infection, bleeding, a tear in the lining of the duodenum, esophagus, stomach, etc.

Key Players

Major players operating in the global endoscopy device 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.

Table of Content

Table of Contents

*Browse 23 market data tables and 20 figures on "Global Endoscopy Device Market” - Global forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global endoscopy device market during the forecast period (2022-2030)?

Global endoscopy device market size is estimated to be valued at US$ 17,152.8 million in 2022 and is expected to exhibit a CAGR of 9.8% between 2022 and 2030.

What are the major factors driving the market growth?

Factors such as increasing worldwide prevalence of gastrointestinal diseases and increasing product launch by the key market players are expected to drive the market growth.

Which is the leading product type segment in the market?

Rigid Endoscopes is the leading product type segment in the market.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include increasing complications with the use of endoscopy device.

Which are the major players operating in the market?

Major players operating in the 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.