Press release
Endoscopy Devices Market Growing Exponentially at a CAGR of 3.68% by 2034
Endoscopy Devices Market Size Worth USD 87.41 Billion by 2034 | CAGR: 3.68%
According to a new report published by Polaris Market Research, the endoscopy devices market size was valued at USD 60.94 billion in 2024. It is estimated to reach USD 87.41 billion by 2034, registering a CAGR of 3.68% from 2025 to 2034.
Market Introduction
Endoscopy devices are adaptable tools that merge fiber optics and charge-coupled devices to provide illumination and visualization of otherwise unapproachable sites such as the lumen of vacant organs. An endoscope comprises a tip, an insertion tube, and a control section. Modern endoscopes are competent of offering high definition, high clarification images that can be enhanced to inspect the mucosa more comprehensively.
The most commonly used endoscopic instruments are gastroscopes and colonoscopes, which are used to examine the upper gastrointestinal tract and colon, respectively. Therapeutic endoscopes with large channel diameters, allowing the passage of complex and advanced accessories, are also available for advanced interventional procedures. Specialized endoscopes can be used to inspect the small bowel, biliary and pancreatic ductal systems, as well as extra-luminal anatomy.
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Key Growth Drivers
Growing Prevalence of Detrimental Illnesses: The growing existence of detrimental illnesses is a prominent driver of the market as conditions such as cancer, gastrointestinal disorders, and cardiovascular illnesses growingly need early and precise diagnosis. A December 2024 WHO report propounded that noncommunicable illnesses led to 43 million deaths in 2021. This rise in chronic illnesses is driving the endoscopy devices market demand.
Technological Progressions: Progressions in endoscopy devices play an important part in accuracy, safety, and practicability of the devices. Inventions such as high-definition imaging, flexible endoscopes, and robotic-assisted have augmented the gamut of clinical applications for endoscopy, enabling more precise diagnostics and minimally invasive surgeries.
Endoscopy Devices Market Report Highlights
• In terms of devices type, the endoscopes segment held the largest market share in 2024, given their essential role in diagnostic and therapeutic procedures across medical specialties.
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• Based on end use, the hospital sector is anticipated to expand significantly due to its advanced infrastructure and capacity to support complex endoscopic procedures.
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• North America led in market revenue share in 2024, attributed to its robust healthcare systems and early adoption of innovative endoscopic technologies.
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• The Asia Pacific market is expected to grow the fastest, fueled by improving healthcare access and increasing investments in medical infrastructure.
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Key Players
Major players have adopted strategies such as product instigation, agreement, product consent, and augmentation to improve their product portfolio.
Major companies are noted below:
• Arthrex, Inc.
• B. Braun Melsungen AG
• Boston Scientific Corporation
• Cook Medical
• Fujifilm Holdings Corporation
• Hoya Corporation
• Johnson & Johnson
• KARL STORZ SE & Co. KG
• Medtronic plc
• Olympus Corporation
• PENTAX Medical
• Richard Wolf GmbH
• Shanghai Aohua Photoelectricity Endoscope Co., Ltd.
• STERIS
• Stryker Corporation
Regional Scope
North America dominated the endoscopy devices market in 2024 due to the region's excessively advanced healthcare framework and early adoption of progressive medical technologies.
Asia Pacific is projected to witness the fastest growth due to enhancing the healthcare framework and growing healthcare disbursement covering emerging economies.
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Segmentation Analysis
Endoscopy Devices Market, Type Outlook (Revenue - USD Billion,2020-2034)
• Endoscopes
• Endoscopy Visualization Systems
• Accessories
• Others
Endoscopy Devices Market, Application Outlook (Revenue - USD Billion,2020-2034)
• Laparoscopy
• Bronchoscopy
• Otoscopy
• Arthroscopy
• Urology Endoscopy
• Gastrointestinal Endoscopy
• Others
Endoscopy Devices Market, End Use Outlook (Revenue - USD Billion,2020-2034)
• Hospitals
• Outpatient Facilities
• Others
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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