Press release
Gastrointestinal Endoscopy Market to Reach USD 28.74 Billion by 2034 Driven by AI and Single-Use Devices
Gastrointestinal Endoscopy Market
According to company's newest research, the global gastrointestinal endoscopy market is worth USD 16.07 billion in 2024 and is predicted to reach USD 28.74 billion by the year 2034, with a promising CAGR of 6.1% between 2025 and 2034.
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In recent years, endoscopic technology has undergone significant advancements, establishing itself as a critical component of clinical gastroenterology. Gastrointestinal endoscopy is a specialized technique that enables physicians to visualize and evaluate the digestive tract using a long, flexible, illuminated instrument known as an endoscope, which is inserted either through the throat. This method allows for comprehensive examination and treatment of the esophagus, stomach, small intestine, colon, pancreas, and bile ducts. Modern endoscopy is highly valued in clinical practice due to its minimally invasive nature, ability to produce high-resolution imagery, and efficient procedural timelines. Over the past two decades, its applications in diagnostic evaluations and routine screenings have expanded considerably, driven by continuous innovations that have broadened the scope of endoscopic indications.
The global gastrointestinal endoscopy market is poised for growth, supported by several key factors including increased demand for single-use endoscopes-such as duodenoscopes, gastroscopes, and colonoscopes-as well as the rising adoption of capsule endoscopy. Additionally, the integration of robotics and artificial intelligence into endoscopic procedures presents substantial growth opportunities. The shift toward minimally invasive techniques, the launch of novel endoscopic products by industry participants, and the growing prevalence of gastrointestinal diseases are expected to further propel market expansion. Technological advancements in endoscopic diagnostics and therapeutics are anticipated to significantly enhance the clinical and commercial value of these procedures.
However, certain challenges may hinder market growth, including the high cost associated with endoscopic procedures, limited reimbursement policies, and unfavorable healthcare economic trends. Despite these obstacles, emerging healthcare markets and the continued evolution of gastrointestinal endoscopy technologies present notable opportunities for future expansion.
North America accounted for the largest market share in 2021, driven by the introduction of innovative endoscopic devices and a high prevalence of gastrointestinal conditions, cancers, and other chronic diseases. The increasing demand for minimally invasive interventions is expected to further solidify North America's leadership position in the global gastrointestinal endoscopy market.
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The key players operating in gastrointestinal endoscopy Market are Boston Scientific Corporation, Medtronic plc, KARL STORZ SE & Co. KG, Ambu A/S, Teleflex Incorporated, HOYA Corporation, Olympus Corporation, FUJIFILM Holdings Corporation, Cook Group Inc, SonoScape Medical Corp., EndoMed Systems GmbH, CapsoVision, Inc., HuiZhou Xzing Technology Co., Ltd., Endogene Ltd., Envaste Limited and other prominent players of the market.
Key Market Developments:
• In Aug 2022, Medtronic announced that the GI GeniusTM intelligent endoscopy module, powered by artificial intelligence (AI), is now available. The module is a game-changing solution that uses deep learning algorithms and real-time data. It helps doctors find and treat colorectal cancer by giving them a better view of the colon during a colonoscopy.
• In Mar 2022, Fujifilm will work with Gastro Care Partners to bring the best endoscopic imaging solutions to GI practices in Colorado. Peak Gastroenterology Associates, which is part of the GCP network and is the largest gastroenterology practise in southern Colorado, has installed Fujifilm's GI portfolio, which includes the 700 Series Colonoscopes and the ELUXEO Endoscopic Imaging System, in its Colorado Springs-based Front Range Endoscopy Center and Surgical Center of Peak Endoscopy.
• In Feb 2022, Ambu announced that the FDA approved their Ambu® aScopeTM Gastro and Ambu® aBoxTM 2 Single-Use Gastroscope and Next-Generation Display Unit. Ambu's solution is a good choice for customers who want to do gastroscopies in a wide range of care settings because of its advanced technology, portability, and low cost. This is because reusable endoscopes have some problems that this solution solves.
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Market Segmentation
Global Gastrointestinal Endoscopy Market, by Type, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
1. Gastrointestinal Endotherapy
• ERCP Devices
• Gastrointestinal Stents
o Esophageal Stents
o Biliary Stents
o Pancreatic Stents
• Balloon Dilators
• Ultrasound Endoscopes
• Biopsy Devices
o Biopsy Forceps
o Polypectomy Snares
o Other Biopsy Devices
• Hemostasis Devices
• Retrieval Devices
• Others
2. Gastrointestinal Endoscopes and Endoscopic Systems
• Gastrointestinal Videoscopes
o Gastroscopes
o Colonoscopes
o Duodenoscopes
o Sigmoidoscopes
o Enteroscopes
o Anoscopes
• Visualization Systems
• Capsule Endoscopes
Global Gastrointestinal Endoscopy Market, by End-User, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Hospitals
• Ambulatory Surgery Centers
• Others
Global Gastrointestinal Endoscopy Market, by Region, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• U.S.
• Canada
Europe Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
• To receive a comprehensive analysis of the prospects for the global gastrointestinal endoscopy market
• To receive an industry overview and future trends of the gastrointestinal endoscopy market
• To analyze the global gastrointestinal endoscopy market drivers and challenges
• To get information on the global gastrointestinal endoscopy market size value (US$ Mn) and volume (No. of Units) forecast to 2030
• To get information on investments, mergers & acquisitions in the global gastrointestinal endoscopy industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-gastrointestinal-endoscopy-market-/1361
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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