At 7.1% CAGR, the North America Endoscopy Procedures Market is Projected to be Worth US$ 22,611.24 million by 2030, Says Business Market Insights

According to Business Market Insights research, the North America endoscopy procedures market was valued at US$ 13,087.30 million in 2022 and is expected to reach US$ 22,611.24 million by 2030, registering a CAGR of 7.1% from 2022 to 2030. Growing preference for minimally invasive surgeries and increasing prevalence of cancer attributed to the North America endoscopy procedures market expansion.        

Minimally Invasive Surgeries (MIS) cause less post-operative pain, so patients receive less painkillers. As minimal cuts or stitches are involved, hospitalization is relatively shorter, and patients need not visit the hospital frequently. People prefer minimally invasive procedures to traditional open surgeries involving long incisions made through the muscles. These muscles take a huge amount of time to heal. MIS involves smaller incisions, leading to faster recovery. Also, the body scars involved in MIS are barely noticeable. The main advantage of MIS over conventional open surgeries is the accuracy due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining popularity among the geriatric population due to the relatively shorter recovery time. According to the article "Anatomic Study of Endoscopic Trans nasal Approach to Petrous Apex," published in January 2020, endoscopy systems are commonly used in MIS to find the cause of specific issues and symptoms. Traditionally, most of the space difficult to observe by microscope can be exposed through endoscopic-assisted technology. Endoscopy can flexibly change the angle and observe the surrounding anatomical structure through the natural human foramen. It can provide the surgeon an open visual field and an operation channel without retraction, significantly improving the surgery's quality. Thus, flexible endoscopy systems are mostly preferred by surgeons. Thus, the major factors leading to the market growth are the growing inclination toward minimally invasive surgeries (MIS).

On the contrary, risks of infections associated with endoscopic procedures hampers the North America endoscopy procedures market.  

Based on procedure, the North America endoscopy procedures market is segmented into endoscopic retrograde cholangiopancreatography (ERCP), endoscopic submucosal dissection (ESD), peroral endoscopic myotomy (POEM), endoscopic ultrasound (EUS), interventional pulmonology and laparoscopy, arthroscopy and bronchoscopy, colonoscopy and colposcopy, proctoscopy and thoracoscopy, and others. The others segment held 25.0% share of North America endoscopy procedures market in 2022, amassing US$ 3,277.63 million. It is projected to garner US$ 5,494.96 million by 2030 to expand at 6.7% CAGR during 2022–2030. 

Based on offering, the North America endoscopy procedures market is segmented into endoscopes, ERCP accessories, visualization system, head positioner and endotherapy injection needles, sampling device and device clip and electrosurgical knife, endoscopic ultrasound guided devices, guidewire, forceps, snare, irrigation/insufflation tubing systems, probes, hemostats clip, polyps’ traps, single-use valves, trocar sleeves and tissue scissors and cutters, retrieval devices, and others. The endoscopes segment held 34.7% share of North America endoscopy procedures market in 2022, amassing US$ 4,535.84 million. It is projected to garner US$ 7,932.87 million by 2030 to expand at 7.2% CAGR during 2022–2030.

Based on product type, the North America endoscopy procedures market is bifurcated into disposable and reusable. The reusable segment held 79.5% share of North America endoscopy procedures market in 2022, amassing US$ 10,405.32 million. It is projected to garner US$ 16,950.23 million by 2030 to expand at 6.3% CAGR during 2022–2030.

Based on end user, the North America endoscopy procedures market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic laboratories, and others. The hospitals and clinics segment held 57.9% share of North America endoscopy procedures market in 2022, amassing US$ 7,580.26 million. It is projected to garner US$ 12,931.86 million by 2030 to expand at 6.9% CAGR during 2022–2030.

Based on country, the North America endoscopy procedures market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 75.3% share of North America endoscopy procedures market in 2022. It was assessed at US$ 9,851.38 million in 2022 and is likely to hit US$ 17,105.63 million by 2030, exhibiting a CAGR of 7.1% during 2022–2030.      

Key players operating in the North America endoscopy procedures market are Stryker Corp, Merit, Medical Systems Inc, Smith & Nephew Plc, Arthrex Inc, Steris Plc, Conmed Corp, Olympus Corp, Boston Scientific Corp, and Cook Medical LLC, among others.

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