Endoscopy Equipment Market by Product Type (Endoscope, Visualization Systems, Mechanical Endoscopic Equipment, Accessories, and Others), Use (Single-use, Reprocessing, and Sterilization), Application (Bronchoscopy, Colonoscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Arthroscopy, Gastrointestinal Endoscopy, ENT Endoscopy, Gynecology Endoscopy, and Others), and End User (Hospitals, Ambulatory Surgery Centers & Clinics, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026464 | Pages: 100 | Industry: Medical Device | Date: Sep 2022 | Type: Global

The market crossed the US$ 32.86 billion mark in 2022 and is expected to hit US$ 57.66 billion by 2030, recording a CAGR of 7.3% during the forecast period.

Endoscopy equipment market has been significantly growing with the increasing number of endoscopy procedures 

Endoscopy is used to observe an internal organ or tissue through small incisions, using small tubes, cameras, and surgical instruments. The increasing prevalence of cancer and other chronic disorders requiring early diagnosis is one of the major factors behind endoscopy equipment market growth. For instance, according to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), approximately 20 million GI endoscopies are performed yearly in the United States. Thus, the increasing prevalence of cancer and other chronic disorders indicates the surge in demand for endoscopy equipment, complementing the endoscopy equipment market's growth during the forecast period.

The endoscope segment under the product type segment is expected to pace with advancement in endoscopy technologies and rising preference of patients and doctors for minimally invasive procedures. Further, other segments such as visualization system and mechanical endoscopic equipment is expected to gain traction during the forecasted year.

Within the report, the market is segmented into product type, use, application, end user, and geography. By product type, the market is further segmented into endoscope, visualization systems, mechanical endoscopic equipment, accessories, and others. On the basis of use, the market is segmented into single-use, reprocessing, and sterilization. On the basis of application, the market is segmented into bronchoscopy, colonoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, gynecology endoscopy, ENT endoscopy, and others. By end user, the endoscopy equipment market is categorized into hospitals, ambulatory surgery centers & clinics, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Capsule endoscopy is a new technology that empowered the growth of futuristic innovations

Capsule endoscopy is a diagnostic tool that performs GI endoscopy. It uses a tiny wireless camera that take pictures of digestive tract. A capsule endoscopy camera sits inside a vitamin-size capsule and as the capsule travels through the digestive tract, the camera takes pictures that are transmitted to a recorder on a belt around waist. Capsule endoscopy allows to visualize the small intestine without performing surgery. Such technological advancement has led to a rise in new product launches, significantly contributing to the endoscopy equipment market. The major advantage associated with capsule endoscopy is, it does not require sedation and less likely to cause discomfort. The technology is helpful in diagnosing Crohn’s disease, Coeliac disease, Small bowel tumors, Anemia of unexplained origin, and others.

Increasing colon cancer is one of the major factors accelerating the market growth.

Colonoscopy is used to check the colon and rectum parts internally. For instance, according to American Cancer Society (ACS), colon cancer is the third most diagnosed cancer in the US. The American Cancer Society’s estimates for the number of colorectal cancer cases in the US for 2022 are 106,180 new colon cancer cases and 44,850 new cases of rectal cancer. The increasing number of colorectal cancers leads to surge in demand for colonoscopes. Additionally, the early diagnosis campaigns to prevent the disease severity also contributes to the endoscopy equipment market’s growth.

Recent strategic developments in endoscopy equipment market

The endoscopy equipment market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2021, PENTAX Medical, a division of HOYA Group, obtained a CE mark for its new single-use bronchoscope the PENTAX Medical ONE Pulmo. The product is intended to minimize the risk of infection, improve clinical outcomes, and enhance the professional's experience and healthcare productivity within endoscopy.
  • In April 2021, Medtronic Plc launched the GI Genius Intelligent Endoscopy Module in the United States.
  • In February 2021, Olympus Corporation launched the SIF-H190 single balloon enteroscopy solution to reach deep into the small intestine.
  • In May 2021, Ambu's single-use endoscopy contract expanded to two major U.S. Group Purchasing Organizations (GPOs).

The endoscopy equipment market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Olympus Corporation; KARL STORZ SE & Co. KG; Stryker Corporation; Boston Scientific Corporation; Fujifilm Holdings Corporation; Medtronic plc; Smith & Nephew Plc; Intuitive Surgical, Inc.; B. Braun Melsungen AG; and Ethicon Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Endoscope manufacturer
  • Lens Providers
  • Camera Manufacturer
  • Endoscope accessories manufacturer and providers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of endoscopy equipment
  • Established Medical Device Companies
  • Technology distributors and wholesalers

Scope of the report:

In this report, the market has been segmented on the basis of:

Product Type:

  • Endoscope
  • Visualization Systems
  • Mechanical Endoscopic Equipment
  • Accessories
  • Others

Use

  • Single-use
  • Reprocessing
  • Sterilization

Application

  • Bronchoscopy
  • Colonoscopy
  • Laparoscopy
  • Urology Endoscopy
  • Neuroendoscopy
  • Arthroscopy
  • Gastrointestinal Endoscopy
  • Gynecology Endoscopy
  • ENT Endoscopy
  • Others

End User:

  • Hospitals
  • Ambulatory Surgery Centers & Clinics
  • Others

Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa

Companies profiled

  • Olympus Corporation
  • KARL STORZ SE & Co. KG
  • Stryker Corporation
  • Boston Scientific Corporation
  • Fujifilm Holdings Corporation
  • Medtronic plc
  • Smith & Nephew Plc
  • Intuitive Surgical, Inc.
  • B. Braun Melsungen AG
  • Ethicon Inc.

- Olympus Corporation
- KARL STORZ SE & Co. KG
- Stryker Corporation
- Boston Scientific Corporation
- Fujifilm Holdings Corporation
- Medtronic plc
- Smith & Nephew Plc
- Intuitive Surgical, Inc.
- B. Braun Melsungen AG
- Ethicon Inc.

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