Endoscopy Markets share trends analysis growth reports with BKK B. Braun Melsungen AG, Boston Scientific, CONMED Corporation, Cook Medical Technologies LLC, Ethicon, Inc., FUJIFILM Holdings America Corporation, Hoya Corporation

Endoscopy Market size was valued around USD 26 billion in 2017 and is expected to witness growth of more than 6.0% CAGR from 2018 to 2024

North America market held largest market share in 2017 and is anticipated to witness robust growth during the forecast period due to high technological adoption and growing geriatric population susceptible to various infections. High preference shown by geriatric patient population towards non-invasive surgical procedures have enhanced North America market growth. Regulations implied by regulatory bodies such as American Society for Gastrointestinal Endoscopy to aid accurate detection and minimize complications during surgical procedures will propel industry growth.

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Rising incidences of gastrointestinal disorders will act as major driver for the growth of endoscopy market. Irritable Bowel Syndrome (IBS) is one of the most frequently diagnosed gastrointestinal disorder amongst the American population. In U.S., around 3.5 million people visit physician annually for IBS treatment thereby escalating demand for endoscopy procedures. GI disorders are highly prevalent in geriatric as well as the paediatric population escalating the overall demand for minimally invasive endoscopic procedures.


Growing geriatric population has influenced industry growth positively. American geriatric population was around 46 million in 2016 and is estimated to reach 98 million by 2060. The drastic increase in elderly population will have significant impact on the endoscopy industry growth.


Major industry players operating in endoscopy industry are focusing on integrating advanced technology within the endoscopy devices to aid surgical performance and diagnostic decisions. For instance, Olympus launched technologically advanced capsule endoscope in February 2013, that was specifically used during non-invasive procedures. Innovations in the existing endoscopy devices have increased the adoption rates, thereby enhancing industry growth.

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High preference for technology integrated minimally invasive endoscopes by geriatric population has stimulated growth of global market in developed as well as developing economies. Industry leaders such as Stryker and Fujifilm have been adding improvisations in the endoscopy devices such as developing endoscopes that can detect ovarian tumours even on the mobile. Availability of such efficient and effective endoscopic devices for accurate diagnosis of gastrointestinal, pulmonary and bone disorders have propelled overall global market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
 BKK B. Braun Melsungen AG
 Boston Scientific
 CONMED Corporation
 Cook Medical Technologies LLC
 Ethicon, Inc.
 FUJIFILM Holdings America Corporation
 Hoya Corporation
 KARL STORZ Endoscopy-America, Inc.
 Medtronic
 Olympus Corporation of the Americas

Lack of skilled physicians and endoscopists in developing countries may hinder the market growth. Unskilled endoscopists and physicians can reduce the accuracy of diagnostic procedures by wrong estimations. However, initiatives undertaken by government and industry players to train the endoscopists will help in sustaining endoscopy market growth.

Endoscope segment held around 37.1% market share in 2017 and is estimated to grow at a CAGR of 6.8% over the forecast timeline. Growth is attributed to modifications incorporated in the existing endoscopes that have reduced the rate of errors aiding the diagnostic decisions during surgeries. Furthermore, increasing prevalence of gastrointestinal disorders globally has driven the segment growth.


Endoscopic ultrasound segment will grow considerably during the forecast period due to growing demand for minimally invasive ultrasound procedures. These endoscopic procedures require accurate visual aids that are provided by endoscopic ultrasound examinations. Increasing incidences of cancer have stimulated demand enhancing the overall market growth.

GI endoscopy accounted for over 40.0% market share in 2017 and is anticipated to continue dominating the industry over the upcoming years. Escalating burden of gastrointestinal disorders, leading to increased demand for upper as well as lower GI endoscopy procedures will drive segment growth. Increasing geriatric population, susceptible to suffer from gastrointestinal diseases will positively impact segment growth. As per National Centre of Health Sciences, nearly 14.7 million people in U.S. suffer from chronic ulcers, stimulating demand for GI endoscope.

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Laparoscopy segment will witness lucrative growth over the coming years owing to growing demand for laparoscopic procedures. Rising incidences of cancers globally has impacted laparoscopy segment growth positively. According to National Institute of Cancer estimates, there will be around 1,735,350 new cases of cancer in 2018 that will accelerate demand for minimally invasive endoscopic procedures significantly over the forecast period.

Asia Pacific market is anticipated to grow at 6.7% CAGR over forecast period due increasing number of government initiatives that have resolved the affordability issues of increasing geriatric population. Such initiative has proven beneficial for geriatric population for availing minimally invasive endoscopic procedures thereby impelling overall industry growth.

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