South and Central America Medical Endoscopes Market Outlook (2021-2031)

South and Central America medical endoscopes market size is expected to reach US$ 818.11 million by 2031 from US$ 591.14 million in 2024. The market is estimated to record a CAGR of 4.8% from 2025 to 2031.

Executive Summary and South and Central America Medical Endoscopes Market Analysis:

South and Central America represent an emerging market for medical endoscopes, with growth largely driven by improving healthcare infrastructure, increasing awareness about minimally invasive procedures, and rising investments in diagnostic capabilities. While access to advanced endoscopic technologies has traditionally been limited in certain areas, the growing demand for early disease detection—especially for gastrointestinal and respiratory conditions—is encouraging wider adoption.

South and Central America Medical Endoscopes Market Strategic Insights

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South and Central America Medical Endoscopes Market Segmentation Analysis

Key segments that contributed to the derivation of the medical endoscopes Market analysis are type and application.

• By product type, the medical endoscopes market is segmented into rigid endoscopes, flexible endoscopes, capsule endoscopes, ultrasound endoscope, and robot-assisted endoscopes. The flexible endoscopes segment dominated the market in 2024.
• By usability, the medical endoscopes market is segmented into reusable endoscopes and disposable endoscopes. The reusable endoscopes segment dominated the market in 2024.
• In terms of applications, the market is segmented into gastrointestinal endoscopy, laparoscopy, gynecology endoscopy, arthroscopy, uroscopy, bronchoscopy, ENT endoscopy, neuroendoscopy and others. The gastrointestinal endoscopy segment held the largest share of the market in 2024.
• By end user, the market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and diagnostic centers. The hospitals segment held the largest share of the market in 2024. 

South and Central America Medical Endoscopes Market Outlook

Local authorities are slowly allocating more funds to public health initiatives, which is facilitating more hospitals and specialty clinics to invest in endoscopic systems. Furthermore, increasing incidences of cancer, particularly lung and stomach, within this region are stimulating demand for non-invasive diagnostic tests. For instance, according to the data published by the Global Cancer Observatory (GCO), ~74,379 new cases of stomach cancer and 105,306 new cases of lung cancer in Latin America and the Caribbean were reported in 2022. In addition, ~57,895 and 90,846 people succumbed to death due to stomach and lung cancer, respectively, in the same year.

Collaboration with major market players and local distributors is rendering endoscopes more affordable throughout the area. Training programs for medical personnel are also serving to improve procedural levels. With improving affordability and increasing awareness, South and Central America will provide a sizeable opportunity for the expansion of the market in the near future.

South and Central America Medical Endoscopes Market Country Insights 

Based on region, the South and Central America medical endoscopes Market is further segmented into the Brazil, Argentina, Chile, Colombia, Peru and Rest of SACA. The Brazil held the largest share in 2024.

Brazil has the largest market for medical endoscopes in Latin America. This is mainly due to its big population, better access to healthcare, and a rise in gastrointestinal issues. There’s a strong need for endoscopic procedures, especially in urban areas where both private and public healthcare are getting better. Major companies are working to increase their presence in Brazil to meet the rising demand for better medical tech.

For instance, Olympus Latin America launched its latest-generation EVIS X1 endoscopy system in Brazil in September 2024. This state-of-the-art system features advanced visualization technologies, including texture and color enhancement imaging, red dichromatic imaging, brightness adjustment imaging with the maintenance of contrast, and narrow-band imaging aimed at improving the detection and treatment of gastrointestinal disorders.

Still, the Brazilian market has some problems. There are budget issues in the public healthcare system, regional differences in access to care, and a strong reliance on imported equipment. 

South and Central America Medical Endoscopes Market Report Highlights

South and Central America Medical Endoscopes Market Company Profiles

Olympus Corporation, Johnson & Johnson, Karl Storz SE & Co. KG, Smith+Nephew, Medtronic, Boston Scientific, B. Braun SE, Stryker Corporation, Fujifilm Holdings Corporation, HOYA Corporation, Ambu A/S are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.

South and Central America Medical Endoscopes Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations
• Industry trade journals and other relevant publications
• Government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:

• Refine findings from secondary research
• Enhance the expertise and market understanding of the analysis team
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects

Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

South and Central America Medical Endoscopes Market Country and Regional Insights

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South and Central America Medical Endoscopes Key Sources Referred:

• The World Bank World Development Indicators
• World Health Organization (WHO)
• Center for Disease Control and Prevention (CDC)
• Global Cancer Observatory 
• Medicines and Healthcare Products Regulatory Agency (MHRA)
• American Cancer Society
• Company website
• Company annual reports
• Company investor presentations