Press release
Gastrointestinal Endoscopy Market Soars Amid Rising Prevalence Of Digestive Disorders: A Key Factor Shaping the Future of the Gastrointestinal Endoscopy Market in 2025
Gastrointestinal Endoscopy Market
The escalation in the occurrence of gastrointestinal diseases is propelling the market of gastrointestinal endoscopy. These diseases are a range of disorders impacting the gastrointestinal (GI) tract, which consists of organs involved in digesting food and processing nutrients. Gastrointestinal endoscopy contributes significantly to the detection of irregularities, procurement of tissue samples for biopsy, and executing therapeutic interventions in the process of diagnosing and treating these diseases. For example, predictive analysis by Cancer Research UK, an independent research organization, shows that the incidence rate of pancreatic cancer is likely to rise by 5% in the UK from 2023 to 2025. Additionally, a study in the Journal of the Canadian Association of Gastroenterology, a peer-reviewed open-access journal, forecasts that the incidence rate of inflammatory bowel disease in Canada may escalate from 825 per 100,000 in 2023 to 1075 per 100,000 by 2035. Ergo, the rising instances of gastrointestinal diseases are fuelling the growth of the gastrointestinal endoscopy market.
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What is the projected compound annual growth rate (CAGR) of the gastrointestinal endoscopy market from 2025 to 2034, and what factors influence it?
The dimension of the gastrointestinal endoscopy market has witnessed significant expansion in the previous years. The market is forecasted to escalate from $15.82 billion in 2024 to $16.85 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.5%. The surges during the historical period can be accredited to the escalating prevalence of gastrointestinal ailments, heightened consciousness regarding early identification of diseases, increasing geriatric population, reimbursement frameworks, and broadening applications in therapeutic practices.
Over the next few years, the gastrointestinal endoscopy market is projected to experience robust growth, reaching a valuation of $22.11 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. Factors such as a growing preference for minimally invasive methods, escalating investments in healthcare infrastructure, a burgeoning geriatric community, broadening use in cancer diagnosis, and increased uptake of capsule endoscopy contribute to the growth anticipated in the forecast period. The forecast period also sees trends like the mounting application of artificial intelligence in endoscopy procedures, the creation of disposable endoscopes, an upsurge in demand for flexible endoscopes, a focal shift towards tele-endoscopy services, and the incorporation of robotics in gastrointestinal endoscopy.
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How are the latest trends influencing the growth of the gastrointestinal endoscopy market?
Leading businesses in the gastrointestinal endoscopy market are making strides with the launch of cutting-edge endoscopic devices that employ sophisticated imaging technologies. These technologies aim to magnify the precision of diagnosis and optimize patient outcomes. These advanced imaging methods include high-definition imaging, narrow-band imaging (NBI), and optical coherence tomography (OCT), providing superior, more detailed visuals of the gastrointestinal tract during endoscopic procedures. For example, Olympus Corporation, a manufacturer based in Japan, unveiled its EVIS X1 Endoscopy System in October 2023. The EVIS X1 endoscopy system, a breakthrough in the realm of tools for endoscopy, utilizes cutting-edge imaging technologies such as TXI, RDI, and NBI to augment the visualization of the gastrointestinal tract. Its primary objective is to boost the identification of abnormalities during GI procedures, thereby empowering physicians with improved diagnostic abilities.
What are the major segments of the gastrointestinal endoscopy market and their role in driving growth?
The gastrointestinal endoscopy market covered in this report is segmented -
1) By Product: Endoscopes, Camera Heads, Visualization Systems, Biopsy Devices, Capsule Endoscopes, Transmitters And Receivers, Robot-Assisted Endoscopes
2) By Application: OGIB (Obscure GI Tract Bleeding), Crohn's Disease, Small Intestine Tumor, Other Applications
3) By End User: Hospitals, Ambulatory Surgery Centers Or Clinics, Other End Users
Subsegments:
1) By Endoscopes: Rigid Endoscopes, Flexible Endoscopes, Single-Use Endoscopes
2) By Camera Heads: Standard Camera Heads, High-Definition Camera Heads, 3D Camera Heads
3) By Visualization Systems: Integrated Visualization Systems, Monitors And Display Systems
4) By Biopsy Devices: Biopsy Forceps, Needle Biopsy Devices, Endoscopic Mucosal Resection Devices
5) By Capsule Endoscopes: Small Bowel Capsule Endoscopes, Colon Capsule Endoscopes
6) By Transmitters And Receivers: Wireless Transmitters, Signal Receivers
7) By Robot-Assisted Endoscopes: Robotic Endoscope Systems, Accessories For Robotic Endoscopy
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Which regions are key players in the growth of the gastrointestinal endoscopy market?
North America was the largest region in the gastrointestinal endoscopy market in 2024. The regions covered in the gastrointestinal endoscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the gastrointestinal endoscopy market?
Major companies operating in the gastrointestinal endoscopy market include Medtronic plc, Johnson & Johnson MedTech, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, Envaste Limited, Olympus Corporation, Intuitive Surgical Inc., HOYA Corporation, Smith & Nephew Plc, Steris plc, Coloplast AS, Teleflex Incorporated, Cook Group Inc., Karl Storz SE & Co. KG, Ambu A/S, Richard Wolf GmbH, SonoScape Medical Corp., EndoChoice Holdings Inc., Allied Digestive Health LLC, Endogastric Solutions Inc., Micro-Tech Endoscopy Inc., CapsoVision Inc., Medrobotics Corporation, EndoMed Systems GmbH, Motus GI Holdings Inc., Endogene Ltd.
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What Is Covered In The Gastrointestinal Endoscopy Global Market Report?
• Market Size Forecast: Examine the gastrointestinal endoscopy market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the gastrointestinal endoscopy market for a structured understanding.
• Key Players Overview: Analyze major players in the gastrointestinal endoscopy market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gastrointestinal endoscopy market.
• Segment Contributions: Evaluate how different segments drive overall growth in the gastrointestinal endoscopy market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gastrointestinal endoscopy market.
• Industry Challenges: Identify potential risks and obstacles affecting the gastrointestinal endoscopy market.
• Competitive Landscape: Review strategic developments in the gastrointestinal endoscopy market, including expansions, agreements, and new product launches.
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