Endoscopy Device Market to Reach USD 94.6 Billion by 2032

✦ Endoscopy Device Market Set to Reach USD 94.6 Billion by 2032, Driven by Technological Advancements and Rising Demand in Asia-Pacific

The global endoscopy device market is experiencing significant growth, projected to expand from USD 53.04 billion in 2024 to USD 94.6 billion by 2032, at a robust CAGR of 7.5% . This surge is fueled by the increasing preference for minimally invasive procedures, technological innovations, and the rising prevalence of chronic diseases worldwide.​

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✦ Endoscopy Device Market Competitive Landscape and Regional Demand

The endoscopy device market is characterized by the presence of key players such as Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Karl Storz GmbH & Co. KG, and Medtronic Plc (Covidien) . Asia-Pacific is anticipated to witness the highest growth rate during the forecast period, driven by factors such as increasing healthcare expenditure, rapidly developing healthcare infrastructure, and a growing geriatric population .​

✦ Endoscopy Device Market Country-Specific Developments

Growth Opportunities in Vietnam

Vietnam's endoscopy device market is poised for growth due to increasing investments in healthcare infrastructure and the adoption of advanced medical technologies. The government's focus on improving healthcare services is expected to drive the demand for endoscopic procedures.​

Trends in Thailand

Thailand is witnessing a surge in minimally invasive surgeries, leading to increased demand for endoscopy devices. The country's medical tourism industry further contributes to the market's expansion, attracting patients seeking advanced endoscopic treatments.​

Technological Advancements in Japan

Japan continues to be at the forefront of medical technology, with companies like Olympus Corporation leading innovations in endoscopy devices. The integration of AI and robotics in endoscopic procedures is enhancing diagnostic accuracy and patient outcomes.​

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Consolidation in South Korea

South Korea's endoscopy device market is experiencing consolidation, with major players investing in research and development to introduce cutting-edge products. The country's emphasis on quality healthcare services is propelling the adoption of advanced endoscopic technologies.​

Updation in Singapore

Singapore is updating its healthcare infrastructure, incorporating state-of-the-art endoscopy devices to meet the growing demand for minimally invasive procedures. The government's initiatives to promote medical innovation are fostering market growth.​

Growth in the United States

The United States holds a significant share of the global endoscopy device market, driven by advanced healthcare facilities and a high prevalence of gastrointestinal diseases. The adoption of single-use endoscopy instruments is gaining traction to mitigate infection risks .​

Opportunities in China

China's endoscopy device market is expanding rapidly, supported by increasing healthcare investments and a large patient population. The government's focus on enhancing medical services in rural areas is expected to boost the demand for endoscopic procedures.​

Trends in Europe

Europe is witnessing steady growth in the endoscopy device market, with countries like Germany and the UK investing in advanced medical technologies. The region's emphasis on early disease detection and minimally invasive treatments is driving market expansion.​

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Endoscopy Device Market Key Recent Developments

November 2023: Olympus Corporation launched the EVIS X1, an advanced endoscopy system enhancing diagnostic capabilities .​

September 2023: Stryker Corporation introduced the 1788 minimally invasive surgical camera, offering improved imaging for endoscopic procedures .​

January 2024: Karl Storz GmbH & Co. KG acquired London-based software manufacturer Innersight Labs Ltd., aiming to integrate augmented reality into endoscopic surgeries .​

August 2024: Karl Storz GmbH & Co. KG further expanded its robotic surgery division by acquiring Asensus Surgical, focusing on performance-guided surgery technologies .​

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✦ Endoscopy Device Market Segmentation:

by Product Type

Endoscope
Visualization systems

The Endoscopy Device Market is divided into two segments based on type: endoscopes and visualization systems. Visualization endoscope systems had the biggest market share in 2024. Endoscopy is a minimally invasive technique for examining the body's internal organs. Modern visualization technologies can provide high-quality images, which is why they are important in the medical profession. Endoscopic treatments have lately emerged as a feasible complementary therapy in a variety of medical fields, including urology, gastrointestinal, and general surgery. The Centers for Disease Control and Prevention estimate that 494,000 hysterectomies are performed in the United States each year. Laparoscopic or robotic surgery accounts for almost 80.0% of surgeries.

by Application

GI endoscopy
Laparoscopy
Cystoscopy
Bronchoscopy
Colonoscopy
Arthroscop

The Endoscopy Device Market is divided into six applications: GI endoscopy, laparoscopy, cystoscopy, bronchoscopy, colonoscopy, and arthroscopy. GI endoscopy is likely to dominate the market throughout the projection period. Workflows and resource utilization are being optimized as a result of increased demand for clinical practice, enhanced diagnostic tools, and the availability of IT solutions. OMEs help to boost departmental efficiency by managing the entire clinical cycle for GI endoscopic treatments. The rising demand for early diagnosis of oncological and inflammatory disorders, as well as gastrointestinal (GI) endoscopic tests, will drive the endoscopy market throughout the forecast period.

by End-user Type

Hospitals
Clinics
Others

by By Hygiene

Single-use
Reprocessing
Sterilization

by Components

Light Sources
Insufflators
Camera Heads
Video Processors
Suction Pumps
Endoscopy High-definition monitor

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