How the Endoscopy Devices And Equipment Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theEndoscopy Devices And Equipment Market?
The rise in cancer and gastrointestinal disorders is projected to fuel the expansion of the rigid endoscope market in the future. Cancer is defined by the aberrant proliferation of cells that results in the malfunction of organs and tissues, while gastrointestinal disorders pertain to issues within the digestive system. Endoscopes, which allow healthcare providers to visualize inside the patient’s body and perform minimally invasive procedures and biopsies, are crucial tools in diagnosing and treating cancer and gastrointestinal disorders. This can contribute to quick diagnoses and efficient treatments. For example, the World Health Organization, a Switzerland-based international public health organization, reported in February 2024 that the number of new global cancer cases is expected to exceed 35 million by 2050 – a 77% increase from 20 million cases in 2022. Hence, the growing occurrence of cancer and gastrointestinal disorders is fostering the advancement of the endoscopy devices and equipment market.
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#What is the Growth Potential of the Endoscopy Devices And Equipment Market, and How Will It Perform by 2034?
The market size for endoscopy devices and equipment has seen substantial growth in the past few years. It’s expected to rise from $43.06 billion in 2024 to $46.06 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%. This impressive growth during the historical period is due to an increasing presence of gastrointestinal diseases, a rising acceptance of endoscopic procedures, heightened healthcare spending, and the expansion of medical tourism.
There is an anticipation of robust growth in the endoscopy devices and equipment market in the coming years, with predictions placing its worth at $60.09 billion in 2029, expanding at a compound annual growth rate (CAGR) of 6.9%. This projected growth over the forecast period is linked to factors including an increase in the elderly population, higher rates of chronic diseases, a rise in obesity and recent regulatory approvals. Furthermore, the forecast period will likely witness trends such as the adoption of artificial intelligence (AI) and machine learning, the utilization of single-use endoscopes, advancements in visualization technology, innovations in endoscope disinfection techniques, 3D imaging technology, advanced robotics technology, the incorporation of wireless endoscopes, dual-channel endoscopes, systems for real-time endoscope visualization, wireless capsule endoscopy, improved data management systems, and the miniaturization of endoscopes.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theEndoscopy Devices And Equipment Market?
Leading enterprises in the market of endoscopy devices and equipment are concentrating on creating products that are technologically superior, such as gastrointestinal videoscopes, which facilitate high-definition, real-time imaging of the digestive tract. A gastrointestinal videoscope is a type of medical tool designed to visualize and identify issues within the gastrointestinal tract. It uses a flexible tube with an inbuilt camera that enables real-time imaging during endoscopic practices. For example, Olympus Corporation, a medical technology company based in Japan, introduced the EVIS X1 endoscopy system in October 2023. The EVIS X1 endoscopy system is equipped with several state-of-the-art features that improve visibility and simplify procedures. The system’s Texture and Color Enhancement Imaging (TXI) technology improves the identification of polyps and lesions by refining image texture and colors, whereas Red Dichromatic Imaging (RDI) technology enhances the view of deep blood vessels and bleeding sites. The Brightness Adjustment Imaging with Maintenance of Contrast (BAI-MAC) technology ensures optimal brightness in darker regions without excessively illuminating brighter sections, thereby enhancing overall visibility. The system also integrates Narrow Band Imaging (NBI) technology that boosts the observation of vascular and mucosal patterns by using specific wavelengths absorbed by hemoglobin. Plus, the CV-1500 video system center prioritizes ease-of-use with a touch panel that permits users to manage settings and image data through a single device. The MyCV mode gives doctors the ability to customize imaging settings and handle multiple functions from the scope with just one button.
Who Are the Key Market Players Influencing the Growth of the Corn and Endoscopy Devices And Equipment Industry?
Major companies operating in the endoscopy devices and equipment market include Olympus Corporation, Boston Scientific Corporation, Stryker Corporation, Fujifilm, Karl Storz SE & Co. KG, Johnson & Johnson, Hoya Corporation, Cook Medical, Smith & Nephew, Conmed Corporation, Healthium MedTech, Leo Medical Co Ltd, Shanghai Aohua Photoelectricity Endoscope Co Ltd, CR Kennedy & Company, GE Healthcare, Transmed, Fisher & Paykel Healthcare India Private Limited, Agappe Diagnostics Ltd, Richard Wolf GmbH, B. Braun, Baxter, Philips, Siemens, Pentax Medical, Lenox Instrument Co, Endo Gatric Solutions Inc, Endo Medical, Medtronic plc, Kimberly-Clark Corporation, Cardinal Health Inc, Abu Dhabi Medical Devices Company, Amico Group, Bridgeway Medical Systems
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Which Key Market Segments Comprise the Endoscopy Devices And Equipment Market and Drive Its Revenue Growth?
The endoscopy devices and equipment market covered in this report is segmented –
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
Subsegments:
1) By Endoscope: Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Surgical Endoscopes
2) By Endoscopy Operative Devices: Biopsy Forceps, Graspers, Scissors, Electrocautery Devices, Snares
3) By Endoscopy Visualization Systems: Video Endoscopy Systems, High-Definition (HD) Endoscopy Systems, Visualization Software, Light Sources, Image Management Systems
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Which Regions Are Emerging as Leaders in the Endoscopy Devices And Equipment Market?
North America was the largest region in the global endoscopy devices and equipment market in 2024. Asia-Pacific was the second largest market in endoscopy devices and equipment market. The regions covered in the endoscopy devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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