Endoscopy Equipment Market Size, Share & Analysis | Industry Report 2024

The global endoscopy equipment market was valued at $24.7 bn in 2016 and is forecast to grow at a modest 9.8% CAGR between 2017 and 2024, culminating in 2024 global sales of $51.9 bn.

There are many types of endoscopes and accessories used depending on site of the body or type of procedures. Endoscopes play a key role in the success rate of operational procedures and improve outcome. It helps in minimal scarring; reduced hospital stays and less chance of infection. Few of the endoscopes covered in our report includes Biopsy Forceps, Trocar sleeves, Tissue Scissors and Cutters, Burs, Cleaning brushes, Tube sets (Inflow and Outflow), Tissue Staplers, Ligation Devices, Suturing systems.

We have further segmented the endoscope product categories into flexible, rigid, capsule and robot type. Visualization system now comprises a bigger market with further development of two dimension and three-dimensional system. We are capturing some of the advanced endoscopic visualization system (VASOVISION) which are improving the ergonomics in the operating room. This report also captures various types of accessories as video processors, video converters, forceps, cleaning brushes etc.

Moreover, as per the Agency for Healthcare Research and Quality (AHRQ) data, upper gastrointestinal endoscopy procedure was one of the most common procedure with every 39 people for 10,000 population in the U.S. Hospitals. The endoscopic procedures are widely used for the detection of stomach cancer. The American Cancer Society estimates that nearly 28,000 stomach cancer cases will be diagnosed in 2017, with 17,750 cases in men and 10,250 cases in women. In the UK, as per the 2014 Cancer Research estimates, each year nearly 6,682 new cases are detected, and the average survival rate is 15%.

The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2016, U.S. held the largest share, owing to the presence of well-developed infrastructure, technological advancements, favorable policies for the preventive and routine screening of various diseases.

By 2024, Asia Pacific is expected to be the fastest growing region due to increasing medical tourism in India, Singapore, Thailand and others. Some of the other factors include German-Asian partnership, government support in research and VC investment in China. The high unmet needs across the emerging nations are forcing the companies to scale up operations and consolidate market share for long-term returns.

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Key findings from the study: -
• Endoscopes play a key role in the success rate of operational procedures and improve outcome. It helps in minimal scarring; reduced hospital stays and less chance of infection.
• We have further segmented the endoscope product categories into flexible, rigid, capsule and robot type. Visualization system now comprises a bigger market with further development of two dimension and three-dimensional system.
• Endoscopic equipment is used in obstetrics/gynecology, arthroscopy, laparoscopy, mediastinoscopy, cystoscopy, bronchoscopy, laryngoscopy and otoscopy.
• Key market participants include Olympus Corporation, Ethicon (Johnson & Johnson), Karl Storz GmbH, Boston Scientific, Inc., Covidien Plc, Stryker Corporation, Hoya Corporation (Pentax Medical System), Cook Medical Incorporated, Conmed Corporation, Fujifilm Holding Corporation, Smith and Nephew, Inc., and Richard Wolf GmbH.

Ameri Research has segmented the Endoscopy Equipment Market by Product, Application, End-User and Regional Outlook.
Market Segmentation

Endoscopy Equipment Market by Product (Revenue, USD Million, 2014- 2024)
• Endoscopes (Flexible, Rigid, Capsule, Robot)
• Visualization Systems
• Other Endoscopy Equipment
• Accessories

Endoscopy Equipment Market by Application (Revenue, Million, 2014 – 2024)
• Arthroscopy
• GI Segment
• Female Reproductive Tract
• Respiratory Tract
• Urinary Tract
• Ear
• Laparoscopy
• Neurology

Endoscopy Equipment Market by End-Use (Revenue, USD Million, 2014 – 2024)
• Hospitals
• Ambulatory Surgery Center
• Clinics

Endoscopy Equipment Market Regional Outlook (Revenue, USD Million, 20124- 2024)
• North America
o U.S.
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain

• Asia Pacific
o Japan
o China
o India
o Australia

• Latin America
o Brazil
o Mexico
o Columbia

• Middle East and Africa
o South Africa
o Saudi Arabia

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