Endoscopy Equipment Market

The global endoscopy equipment market in terms of revenue was estimated to be worth $32.3 billion in 2024 and is poised to reach $46.2 billion by 2029, growing at a CAGR of 7.4% from 2024 to 2029. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.

The growth in the market can be attributed to the factors, including increasing investments, funds, and grants by governments and other organizations, rising focus of hospitals to expand endoscopic units and bring advancements in endoscopic technologies. At the same time, high overhead costs of endoscopy procedures with limited reimbursement in emerging economies can restrain the growth of this market during the forecast period.

Global Endoscopy Equipment Market Trend

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Endoscopy Equipment Industry Dynamics

DRIVER: Growing focus of hospitals to invest in technologically advanced endoscopy instruments and expand endoscopy units

Hospitals are increasingly prioritizing investments in technologically advanced endoscopy instruments and expanding their endoscopy units. This trend is driven by the growing recognition of the benefits offered by advanced equipment in improving diagnostic accuracy and treatment outcomes. With a focus on enhancing patient care and staying at the forefront of medical innovation, hospitals are allocating resources to upgrade their endoscopy capabilities, meeting the rising demand for minimally invasive procedures. Some recent developments in different hospitals in the field of endoscopy are listed below:

In October 2023, Mayo Clinic announced a significant investment in state-of-the-art endoscopy equipment, aiming to enhance their diagnostic capabilities and expand their endoscopy units to meet growing patient demand for minimally invasive procedures.

In March 2022, Johns Hopkins Hospital unveiled its newly expanded endoscopy unit featuring the latest advancements in endoscopic technology. The investment reflects the hospital's commitment to providing high-quality care and staying at the forefront of medical innovation..

In June 2021, Cleveland Clinic upgraded its endoscopy facilities, investing in advanced instruments and expanding its unit to accommodate a higher volume of procedures. The move underscores the hospital's dedication to offering cutting-edge endoscopic services to patients.

RESTRAINT: High overhead costs of endoscopy procedures with limited reimbursement in developing countries

In developing countries, the high overhead costs associated with endoscopy procedures pose a significant challenge to healthcare systems. The expenses encompass various aspects, including equipment procurement, maintenance, and staff training, making it financially burdensome for healthcare facilities to offer endoscopic services. Additionally, limited reimbursement rates further exacerbate the financial strain, as healthcare providers struggle to cover their expenses adequately. This situation often results in disparities in access to endoscopy services, with many patients unable to afford these procedures, thereby hindering timely diagnosis and treatment.

Despite the crucial role endoscopy plays in diagnosing and treating various medical conditions, the financial barriers in developing countries impede its widespread accessibility. Addressing these challenges requires concerted efforts from policymakers, healthcare providers, and stakeholders to develop sustainable reimbursement models, invest in cost-effective equipment, and expand access to affordable endoscopic services for underserved populations. By alleviating financial constraints, healthcare systems can ensure equitable access to endoscopy procedures, ultimately improving health outcomes and reducing the burden of gastrointestinal diseases in developing countries.

OPPORTUNITY: Booming healthcare sector in developing economies

The healthcare sector in developing economies is experiencing a remarkable boom driven by various factors. Rapid urbanization, expanding middle-class population, and increasing awareness about healthcare are fueling demand for quality medical services. Governments are also investing heavily in healthcare infrastructure and technology to improve accessibility and affordability of healthcare services. Moreover, advancements in medical treatments and the emergence of innovative healthcare solutions are further propelling growth in these economies. As a result, the healthcare sector in developing nations is witnessing significant expansion, offering new opportunities for healthcare providers, investors, and medical technology companies.

CHALLENGE: Shortage of trained physicians and endoscopicts

The shortage of trained physicians and endoscopists poses a significant challenge to the endoscopy equipment market. With an increasing demand for endoscopic procedures, particularly in the diagnosis and treatment of gastrointestinal disorders, the scarcity of skilled professionals limits the optimal utilization of advanced endoscopy equipment. This shortage not only hampers healthcare providers' ability to meet patient needs promptly but also impedes the adoption of innovative technologies, thereby restraining the market's growth potential.

Endoscopy Equipment Industry Ecosystem

Major players in the market include Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Stryker Corporation (US), Medtronic, plc (Ireland), Fujifilm Holdings Corporation (Japan), HOYA Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew plc (UK), Intuitive Surgical, Inc. (US), Richard Wolf GmbH (Germany), Cook Medical (US), B. Braun Melsungen AG (Germany), ConMed Corporation (US), Ambu A/S (Denmark), CapsoVision, Inc. (US), Fortimedix Surgical B.V. (Netherlands), The Cooper Companies, Inc. (US), Laborie Medical Technologies Inc. (Canada), Teleflex Incorporated (US), Carl Zeiss AG (Germany), Dantschke Medizintechnik GMBH & Co. KG (Germany), and Arthrex, Inc. (US).

In this report, the endoscopy equipment industry is segmented on the basis of product, application, end users and region.

Visualization systemes segment accounted for the second largest share in the endoscopy equipment industry by product

The visualization systems segment accounted for the second largest share of the global endoscopy equipment market in the forecast period.. Rising demand for high-definition displays and monitors in endoscopy reflects a shift towards advanced imaging. These technologies enhance diagnostic precision and treatment planning, resulting in improved patient outcomes. This trend underscores the important role of advanced visualization in driving innovation and shaping the market of endoscopic procedures, benefiting the patients and healthcare providers.

Gastrointestinal endoscopy segment accounted for the largest share in the endoscopy equipment industry by Application

The dominance of the gastrointestinal endoscopy segment in the endoscopy equipment market is attributed to several factors. Firstly, there's a rising incidence of gastrointestinal disorders globally, necessitating increased diagnostic and therapeutic procedures. Additionally, advancements in endoscopic technologies have led to improved imaging quality and procedural efficiency, further driving the demand for gastrointestinal endoscopy equipment. Moreover, the preference for minimally invasive procedures among patients and healthcare providers amplifies the segment's market share.

Hospital segment accounted for the largest share in the endoscopy equipment industry by end user

The hospital segment dominates in the endoscopy equipment market due to the large volume of medical procedures conducted within their facilities. With an rising demand for advanced surgical interventions, hospitals are expected to invest in high-end endoscopy equipment. Their substantial market dominance is further driven by robust infrastructure and available resources, enabling seamless integration of advanced technologies. Hospitals serve as epicenters for medical innovation, constantly seeking to enhance patient care through the adoption of advanced equipment. This continuous drive for improvement aligns with the evolving needs of patients and healthcare providers, establishing the pivotal role of the hospitals in the market.

North America segment accounted for the largest share in the endoscopy equipment industry by Region

North America dominates the endoscopy equipment market, primarily due to its advanced healthcare infrastructure, widespread adoption of medical technologies, and a growing incidence of gastrointestinal ailments. The region's well-established healthcare facilities incorporate the uptake of endoscopic procedures and equipment. High prevalence rates of gastrointestinal diseases further influence the demand for endoscopy tools. Moreover, an active approach towards integrating advanced medical technologies drives the growth for the market.

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Key players in the Endoscopy Equipment Market: Olympus Corporation (Japan), KARL STORZ SE & CO. KG (Germany), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Stryker Corporation (US), Medtronic, plc (Ireland), Fujifilm Holdings Corporation (Japan), HOYA Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew plc (UK), Intuitive Surgical, Inc. (US), Richard Wolf GmbH (Germany), Cook Medical (US), B. Braun Melsungen AG (Germany), ConMed Corporation (US),Ambu A/S (Denmark), CapsoVision, Inc. (US), Fortimedix Surgical B.V. (Netherlands), The Cooper Companies, Inc. (US), Laborie Medical Technologies Inc. (Canada), Teleflex Incorporated (US), Carl Zeiss AG (Germany), Dantschke Medizintechnik GMBH & Co. KG (Germany), and Arthrex, Inc. (US).

Scope of the Endoscopy Equipment Industry

The research report categorizes the endoscopy equipment market to forecast revenue and analyze trends in each of the following submarkets:

By Product

• Endoscope
• Visualization System
• Other Endoscope Equipment
• Accessories

By Application

• Gastrointestinal Endoscopy
• Laparoscopy
• Obstetrics/ Gynecology Endoscopy
• Arthroscopy
• Urology Endoscopy (Cystoscopy)
• Bronchoscopy
• Ent Endoscopy
• Mediastinoscopy
• Other Applications

By End User

• Hospitals
• Ambulatory Surgery centers/Clinics
• Other End Users

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America (RoLA)
• Middle East & Africa
• GCC Countries

Recent Developments of Endoscopy Equipment Industry:

• In November 2023, Olympus Corporation launched the EVIS X1, an advanced endoscopy system in the existing product portfolio of the company..
• In September 2023, Stryker launched, 1788, a minimally invasive surgical camera, offering more vibrant image with balanced lighting.
• In January 2022, The Johnson & Johnson Medical Devices Companies (JJMDC) collaborated with Microsoft Corporation Inc, (US) to enable and expand JJMDC’s secure and compliant digital surgery ecosystem.

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