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Global Endoscopy Devices Market by Application (GI Endoscopy), by End Use (Hospitals), by Product (Endoscopy Visualization Systems) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-74544
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 51
  • No. Of Pages: 232
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global endoscopy device market was valued at USD 35.14 million in 2018. It is projected to grow at a compound annual rate (CAGR of 7.4%) between 2019 and 2025. Endoscopes are in high demand due to the growing preference for minimally invasive procedures and an aging global population. Market growth is also driven by the rise in the prevalence of gastrointestinal, urinary, gynecological and respiratory conditions. This necessitates endoscopic treatment. The rise in use of endoscopes in healthcare settings and technological advances is driving growth.

The market is driven by a significant increase in the prevalence of age-related illnesses and a rise in demand for endoscopy equipment in therapeutic and diagnostic procedures. Because it allows for minimal intervention and a quicker recovery, this device is crucial in diagnosing and treating multiple conditions. Endoscopic procedures are required for medical conditions such as endometriosis and pelvic abscess. A study done by Population Reference Bureau found that the U.S. population aged 65 and over was 52.0 million in 2018. It is projected to rise to 95 million by 2060. This will increase the demand for endoscopic procedures in the future.

The increasing use of minimally invasive surgery has led to the increased usage of endoscopes in surgical procedures such as and arthroscopy, laparoscopy and cystoscopy. These procedures are quicker than open surgeries and cause less trauma. Minimally invasive surgery is preferred to open/invasive procedures. This will likely increase the demand for minimally invasive devices in the future. Patients are more satisfied with minimally invasive surgery, which can be attributed to lower hospital stays, greater economic viability, reduced post-surgical complications, and higher patient satisfaction. In the future, minimally invasive endoscopic surgery is expected to grow in demand.

The growing demand for preventive healthcare and an increase in cancer incidence, as well as the increasing prevalence of obesity and endoscopic bariatric surgery are key factors driving this market's growth. International Agency for Research on Cancer estimates that the global cancer burden will reach 18.1 millions new cases in 2018 and 9.6 million deaths from cancer. The cancer burden is expected to rise to 22 million in 2034.

Lung, colorectal and female breast cancers rank among the top five most common cancers. Endoscopic procedures such as colonoscopy and laryngoscopy are used to diagnose the disease. This will also increase the demand for endoscopic devices. The market is also benefiting from the increased awareness of early cancer diagnosis through various initiatives.

Product Insights

Endoscopy visualization systems had the largest revenue share in 2018. Medical professionals are increasingly turning to HD visualization systems for help with complex diseases like cancer, GI disorders, lung conditions, and urinary disorders. They also have the ability to assist in minimally invasive surgery procedures. The market is seeing positive changes from manufacturers that offer HD visualization systems that can switch images between 2D and 3D.

Over the forecast period, the lucrative segment of endoscopes is expected to grow at 8.8% CAGR. In 2018, flexible endoscopes had the largest revenue share due to their greater ergonomics, safety and efficacy than rigid endoscopes. The market will benefit from a greater focus by manufacturers on providing training to optimize the use of flexible endoscopes.

The market for endoscopy visualization components saw a significant increase in 2018, with HD monitors accounting for the largest revenue. The global market is being aided by technological modifications such as optical zoom camera heads that allow magnification adjustment without affecting image resolution.

Application Insights

GI endoscopy accounted for 54.6% of the total revenue in 2018. It was the largest segment. Due to the growing number of GI diseases and the aging population, GI endoscopy is in high demand. Globally, GI cancers account for the second-leading cause of death from cancer. Endoscopy is the best method to diagnose GI cancers. The market is likely to see a significant increase in endoscopic procedures that allow for early diagnosis of GI Cancers.

Cystoscopy (or urology endoscopy) is predicted to grow at 9.0% during the forecast period. These devices have seen a rise in demand due to factors like the aging population, the prevalence of urinary conditions, and the increasing number of ureteroscopic procedures performed. The American Cancer Society published a 2019 report that estimated that 80,470 Americans are diagnosed annually with bladder cancer. In 2019, bladder cancer is expected to cause approximately 17,670 deaths. In 2019, an estimated 17,670 deaths from bladder cancer are expected.

The market is also being driven by the introduction of advanced urological techniques, such as robot-assisted or disposable endoscopes. The market will be driven by ongoing FDA product approvals for urological Endoscopy (such as the single-use cystoscope Uro-V from UroViu Corporation).

End-use Insights

Hospitals were the most popular end-user segment in 2018. Hospitals are the main health system in most countries. Therefore, hospitals perform more endoscopic procedures than other health systems like ASCs or specialty clinics. Hospitals have a higher demand for endoscopy equipment than other end-use sectors. The above-mentioned factor will ensure that hospitals continue to be the dominant segment.

Over the forecast period, ASCs will experience significant growth. This segment is expected to grow in value due to increasing demand for outpatient surgery, a rise in minimally invasive procedures, and the cost-effectiveness ASC-based endoscopic procedures. ASCs will be in demand because of the lower number of post-surgical complications that can be expected in minimally invasive surgery. Diagnostic centers, research centres, and specialty clinics are all other end users. The demand for endoscopy equipment is increasing due to the increased use of endoscopic procedures in early diagnosis of cancer. These advances include microendoscopy and HD imaging that are portable and allow for accurate diagnosis. This is positively impacting the demand for endoscopic procedures at diagnostic centres.

Regional Insights

North America was the top-earning country in revenue in 2018, due to its high incidence of bladder and colon cancers, preference for minimally invasive surgery, and growing elderly population. Market growth is also being driven by the increasing use of robot-assisted surgical endoscopes for diagnosing and performing surgery procedures.

The largest North American revenue share is held by the United States. The country's largest revenue share can be attributed in part to an increase in laparoscopies, colonoscopies, and other services. American Cancer Society reports that colorectal cancer is third most commonly diagnosed cancer. In 2019, there are expected to be 101,420 new cases. The region's top revenue share is also due to increased awareness of the benefits of endoscopy, and strong presence by domestic manufacturers.

Asia Pacific is expected to be the most lucrative, with a CAGR of 8.6% over the forecast period. This region will see significant contributions from China and India, both of which are growing economies. This is due to significant economic growth, rising cancer prevalence, improved healthcare infrastructure and a growing demand for advanced diagnostic treatments.

Market Share Insights & Key Companies

Olympus is responsible for 70% of the revenue share in GI Endoscopy. To gain a competitive edge, players use a variety of strategies to increase their market share, including mergers and acquisitions, high R&D investments, new product development or modifications, as well as high R&D investment. The following are some of the most prominent players in endoscopy device market:

  • Olympus Corporation

  • Fujifilm Holdings Corporation

  • Ethicon Endo-Surgery, LLC

  • Stryker Corporation

  • Richard Wolf GmbH

  • Boston Scientific Corporation

  • Karl Storz

Up Market Research published a new report titled “Endoscopy Devices Market research report which is segmented by Application (GI Endoscopy), by End Use (Hospitals), by Product (Endoscopy Visualization Systems), By Players/Companies Fujifilm Holdings Corporation, Olympus Corporation, Ethicon Endo-Surgery LLC, Richard Wolf GmbH, Boston Scientific Corporation, Stryker Corporation, Karl Storz”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleEndoscopy Devices Market Research Report
By ApplicationGI Endoscopy
By End UseHospitals
By ProductEndoscopy Visualization Systems
By CompaniesFujifilm Holdings Corporation, Olympus Corporation, Ethicon Endo-Surgery LLC, Richard Wolf GmbH, Boston Scientific Corporation, Stryker Corporation, Karl Storz
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages232
Number of Tables & Figures163
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Endoscopy Devices Industry Outlook

Global Endoscopy Devices Market Report Segments:

The market is segmented by Application (GI Endoscopy), by End Use (Hospitals), by Product (Endoscopy Visualization Systems).

Endoscopy Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Endoscopy Devices Market

Overview of the regional outlook of the Endoscopy Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Endoscopy Devices Market Overview

Highlights of The Endoscopy Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Endoscopy Devices Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. GI Endoscopy

        7. By End Use:

                1. Hospitals

        8. By Product:

                1. Endoscopy Visualization Systems

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Endoscopy Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
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  • Product & Brand Management
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Endoscopy Devices Market Trends

Reasons to Purchase the Endoscopy Devices Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Endoscopy Devices Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Endoscopy Devices Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Endoscopy Devices Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Endoscopy Devices Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Endoscopy Devices Market Size & Forecast, 2018-2028 
      4.5.1 Endoscopy Devices Market Size and Y-o-Y Growth 
      4.5.2 Endoscopy Devices Market Absolute $ Opportunity 


Chapter 5 Global Endoscopy Devices Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Endoscopy Devices Market Size Forecast by Application
      5.2.1 GI Endoscopy
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Endoscopy Devices Market Analysis and Forecast by End Use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End Use
      6.1.2 Basis Point Share (BPS) Analysis by End Use
      6.1.3 Absolute $ Opportunity Assessment by End Use
   6.2 Endoscopy Devices Market Size Forecast by End Use
      6.2.1 Hospitals
   6.3 Market Attractiveness Analysis by End Use

Chapter 7 Global Endoscopy Devices Market Analysis and Forecast by Product
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Product
      7.1.2 Basis Point Share (BPS) Analysis by Product
      7.1.3 Absolute $ Opportunity Assessment by Product
   7.2 Endoscopy Devices Market Size Forecast by Product
      7.2.1 Endoscopy Visualization Systems
   7.3 Market Attractiveness Analysis by Product

Chapter 8 Global Endoscopy Devices Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Endoscopy Devices Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Endoscopy Devices Analysis and Forecast
   10.1 Introduction
   10.2 North America Endoscopy Devices Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Endoscopy Devices Market Size Forecast by Application
      10.6.1 GI Endoscopy
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 North America Endoscopy Devices Market Size Forecast by End Use
      10.10.1 Hospitals
   10.11 Basis Point Share (BPS) Analysis by End Use 
   10.12 Absolute $ Opportunity Assessment by End Use 
   10.13 Market Attractiveness Analysis by End Use
   10.14 North America Endoscopy Devices Market Size Forecast by Product
      10.14.1 Endoscopy Visualization Systems
   10.15 Basis Point Share (BPS) Analysis by Product 
   10.16 Absolute $ Opportunity Assessment by Product 
   10.17 Market Attractiveness Analysis by Product

Chapter 11 Europe Endoscopy Devices Analysis and Forecast
   11.1 Introduction
   11.2 Europe Endoscopy Devices Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Endoscopy Devices Market Size Forecast by Application
      11.6.1 GI Endoscopy
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Europe Endoscopy Devices Market Size Forecast by End Use
      11.10.1 Hospitals
   11.11 Basis Point Share (BPS) Analysis by End Use 
   11.12 Absolute $ Opportunity Assessment by End Use 
   11.13 Market Attractiveness Analysis by End Use
   11.14 Europe Endoscopy Devices Market Size Forecast by Product
      11.14.1 Endoscopy Visualization Systems
   11.15 Basis Point Share (BPS) Analysis by Product 
   11.16 Absolute $ Opportunity Assessment by Product 
   11.17 Market Attractiveness Analysis by Product

Chapter 12 Asia Pacific Endoscopy Devices Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Endoscopy Devices Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Endoscopy Devices Market Size Forecast by Application
      12.6.1 GI Endoscopy
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Asia Pacific Endoscopy Devices Market Size Forecast by End Use
      12.10.1 Hospitals
   12.11 Basis Point Share (BPS) Analysis by End Use 
   12.12 Absolute $ Opportunity Assessment by End Use 
   12.13 Market Attractiveness Analysis by End Use
   12.14 Asia Pacific Endoscopy Devices Market Size Forecast by Product
      12.14.1 Endoscopy Visualization Systems
   12.15 Basis Point Share (BPS) Analysis by Product 
   12.16 Absolute $ Opportunity Assessment by Product 
   12.17 Market Attractiveness Analysis by Product

Chapter 13 Latin America Endoscopy Devices Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Endoscopy Devices Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Endoscopy Devices Market Size Forecast by Application
      13.6.1 GI Endoscopy
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Latin America Endoscopy Devices Market Size Forecast by End Use
      13.10.1 Hospitals
   13.11 Basis Point Share (BPS) Analysis by End Use 
   13.12 Absolute $ Opportunity Assessment by End Use 
   13.13 Market Attractiveness Analysis by End Use
   13.14 Latin America Endoscopy Devices Market Size Forecast by Product
      13.14.1 Endoscopy Visualization Systems
   13.15 Basis Point Share (BPS) Analysis by Product 
   13.16 Absolute $ Opportunity Assessment by Product 
   13.17 Market Attractiveness Analysis by Product

Chapter 14 Middle East & Africa (MEA) Endoscopy Devices Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Endoscopy Devices Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Endoscopy Devices Market Size Forecast by Application
      14.6.1 GI Endoscopy
   14.7 Basis Point Share (BPS) Analysis by Application 
   14.8 Absolute $ Opportunity Assessment by Application 
   14.9 Market Attractiveness Analysis by Application
   14.10 Middle East & Africa (MEA) Endoscopy Devices Market Size Forecast by End Use
      14.10.1 Hospitals
   14.11 Basis Point Share (BPS) Analysis by End Use 
   14.12 Absolute $ Opportunity Assessment by End Use 
   14.13 Market Attractiveness Analysis by End Use
   14.14 Middle East & Africa (MEA) Endoscopy Devices Market Size Forecast by Product
      14.14.1 Endoscopy Visualization Systems
   14.15 Basis Point Share (BPS) Analysis by Product 
   14.16 Absolute $ Opportunity Assessment by Product 
   14.17 Market Attractiveness Analysis by Product

Chapter 15 Competition Landscape 
   15.1 Endoscopy Devices Market: Competitive Dashboard
   15.2 Global Endoscopy Devices Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 Fujifilm Holdings Corporation
      15.3.2 Olympus Corporation
      15.3.3 Ethicon Endo-Surgery LLC
      15.3.4 Richard Wolf GmbH
      15.3.5 Boston Scientific Corporation
      15.3.6 Stryker Corporation
      15.3.7 Karl Storz
Segments Covered in the Report
The global Endoscopy Devices market has been segmented based on

By Application
  • GI Endoscopy
By End Use
  • Hospitals
By Product
  • Endoscopy Visualization Systems
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Fujifilm Holdings Corporation
  • Olympus Corporation
  • Ethicon Endo-Surgery LLC
  • Richard Wolf GmbH
  • Boston Scientific Corporation
  • Stryker Corporation
  • Karl Storz

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