The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s endoscopy devices and equipment market report forecasts the endoscopy devices and equipment market size to grow to $10.94 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Endoscopy Devices And Equipment Market Size Forecast

The global endoscopy devices and equipment market is expected to grow from $7.9 billion in 2022 to $8.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The endoscopy devices and equipment market size is expected to grow to $10.94 billion in 2027 at a CAGR of 6.5%.

North America held the largest endoscopy devices and equipment market share.

Key Endoscopy Devices And Equipment Market Driver ­– Rise In Incidence And Prevalence Rates Of Gastrointestinal Diseases

In Korea, with every 39.6 persons per 100,000 suffering from cancer, Mongolia with 33.1 per 100,000, and Japan with 27.5 per 100,000 ranked as 1, 2, and 3 respectively. Due to the rising prevalence of GI diseases, developing countries are experiencing high demand for minimally invasive surgical procedures, increasing the demand for endoscopy devices.

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Key Endoscopy Devices And Equipment Market Trend – Developing Endoscopy Robotic Systems

Companies in the endoscopy devices and equipment market are increasingly developing endoscopy robotic systems as they are more flexible, effective than conventional endoscopy devices. These robotic endoscopy devices help in eliminating difficulties in therapeutic endoscopy, expanding endoscopy’s vision and reach, reducing labor intensity, improving communication, reach, vision, control, and the ability to perform an endoscopy. These devices are used in gastrointestinal surgeries, urology/gynecology surgeries, ENT surgeries, cardiovascular surgeries, neuro/spinal surgeries, laparoscopy surgeries, and arthroscopy surgical applications. In 2021, Fujifilm partnered with SMART Medical Systems for developing a next-generation solution for colon endoscopy, the G-EYE 700-series endoscope system. The unique innovation offers exceptional visualization capabilities and outstanding quality of diagnostic images.

Endoscopy Devices And Equipment Market Segment

1) By Product: Endoscope, Endoscopy Operative Devices, Endoscopy Visualization Systems

2) By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology endoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Obstetrics/gynecology endoscopy, ENT endoscopy, Other Applications

3) By End-User: Hospitals, Clinics, Other End Users

Endoscopy Devices And Equipment Market Major Players and Strategies

Major players in the endoscopy devices and equipment market are Olympus Corporation, Fujifilm, Boston Scientific Corporation, Conmed Corporation, Stryker Corporation, Smith & Nephew PLC., KARL STORZ GmbH & Co. KG, Hoya Corporation, Johnson & Johnson, and Ethicon.

The Endoscopy Devices And Equipment Global Market Report 2023 covers regional data on endoscopy devices and equipment market size, endoscopy devices and equipment market trends and drivers, opportunities, strategies, and endoscopy devices and equipment market competitor analysis. The countries covered in the endoscopy devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Endoscopy devices and equipment are used to examine the interiors of organs, and the cavities of the body. These devices enable doctors to view the digestive tract on a screen and aid in the diagnosis of medical conditions.

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