Press release
Gastrointestinal Endoscopy Market Growth Driven by AI Integration Single-Use Devices and Rising Prevalence of Digestive Disorders
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 advanced considerably, becoming an essential tool in clinical gastroenterology. Gastrointestinal endoscopy enables physicians to examine and evaluate the digestive tract through a long, flexible, and illuminated instrument-an endoscope-inserted via the throat. This approach facilitates comprehensive assessment and treatment of the esophagus, stomach, small intestine, colon, pancreas, and bile ducts.
Modern endoscopy is highly regarded for its minimally invasive nature, high-resolution imaging capabilities, and efficient procedural workflow. Over the past two decades, its use in diagnostic evaluations and routine screenings has expanded significantly, driven by ongoing innovations that have broadened the range of clinical applications.
The global gastrointestinal endoscopy market is expected to grow, supported by rising demand for single-use endoscopes-including duodenoscopes, gastroscopes, and colonoscopes-as well as increasing adoption of capsule endoscopy. The integration of robotics and artificial intelligence into endoscopic procedures also presents substantial opportunities for market expansion.
Additional drivers include the shift toward minimally invasive techniques, the introduction of novel endoscopic products by industry players, and the increasing prevalence of gastrointestinal diseases. Technological advancements in endoscopic diagnostics and therapeutic interventions are anticipated to enhance both the clinical efficacy and commercial value of these procedures.
Nevertheless, market growth may be constrained by factors such as high procedural costs, limited reimbursement policies, and unfavorable healthcare economic conditions. Despite these challenges, emerging healthcare markets and the ongoing development of advanced endoscopic technologies provide significant opportunities for future growth. Regionally, North America held the largest share of the market in 2021, driven by the availability of innovative endoscopic devices and a high prevalence of gastrointestinal disorders, cancers, and chronic diseases. The growing preference for minimally invasive interventions is expected to further reinforce North America's leading 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.
Contact us:
InsightAce Analytic Pvt. Ltd.
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