Comprehensive Analysis of the Gastrointestinal Endoscopy Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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What fueled the previous growth in the gastrointestinal endoscopy market?
In recent times, the market size for gastrointestinal endoscopy has experienced robust growth. There’s expected to be a rise from $15.82 billion in 2024 to $16.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth over the historic period include the rising incidence of gastrointestinal ailments, heightened awareness around early detection of diseases, an increasing elderly population, reimbursement policies, and a wider range of therapeutic procedure applications.
What will be the gastrointestinal endoscopy market size in the future?
In the coming years, the gastrointestinal endoscopy market is anticipated to experience substantial growth, with expectations to reach a worth of $22.11 billion in 2029. This represents a compound annual growth rate (CAGR) of 7.0%. The projected increased in the forecast period is attributed to the growing preference for minimally invasive procedures, enhanced healthcare infrastructure investments, increased geriatric population, wider applications in cancer diagnosis, and a surge in the use of capsule endoscopy. The forthcoming period will also see growing tendencies towards using artificial intelligence in endoscopy procedures, the creation of disposable endoscopes, increased demand for flexible endoscopes, emphasis on tele-endoscopy services, and the incorporation of robotics into gastrointestinal endoscopy.
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What main drivers are fueling expansion in the gastrointestinal endoscopy market?
The gastrointestinal endoscopy market is being propelled by the rising occurrence of gastrointestinal diseases. These diseases variously impact the gastrointestinal (GI) tract, which includes organs responsible for digestion and processing food. Gastrointestinal endoscopy is a popular method used to identify abnormalities, collect tissue samples for biopsy, and carry out therapeutic procedures in the diagnosis and treatment of these diseases. For example, Cancer Research UK, an independent research institution based in the UK, predicts that the incidence rate of pancreatic cancer in the UK will rise by 5% from 2023 to 2025. Additionally, a study article published in the Journal of the Canadian Association of Gastroenterology, an open-access peer-reviewed journal based in Canada, in March 2023, anticipates that the incidence rate of inflammatory bowel disease in Canada will increase from 825 per 100,000 in 2023 to 1075 per 100,000 in 2035. Consequently, the escalating prevalence of gastrointestinal diseases is fuelling the growth of the gastrointestinal endoscopy market.
What key areas define the segmentation of the global gastrointestinal endoscopy market?
The gastrointestinal endoscopy market covered in this report is segmented –
1) By Product: Endoscopes, Camera Heads, Visualization Systems, Biopsy Devices, Capsule Endoscopes, Transmitters And Receivers, Robot-Assisted Endoscopes
2) By Application: OGIB (Obscure GI Tract Bleeding), Crohn’s Disease, Small Intestine Tumor, Other Applications
3) By End User: Hospitals, Ambulatory Surgery Centers Or Clinics, Other End Users
Subsegments:
1) By Endoscopes: Rigid Endoscopes, Flexible Endoscopes, Single-Use Endoscopes
2) By Camera Heads: Standard Camera Heads, High-Definition Camera Heads, 3D Camera Heads
3) By Visualization Systems: Integrated Visualization Systems, Monitors And Display Systems
4) By Biopsy Devices: Biopsy Forceps, Needle Biopsy Devices, Endoscopic Mucosal Resection Devices
5) By Capsule Endoscopes: Small Bowel Capsule Endoscopes, Colon Capsule Endoscopes
6) By Transmitters And Receivers: Wireless Transmitters, Signal Receivers
7) By Robot-Assisted Endoscopes: Robotic Endoscope Systems, Accessories For Robotic Endoscopy
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Who are the dominant players expanding their reach in the gastrointestinal endoscopy market?
Major companies operating in the gastrointestinal endoscopy market include Medtronic plc, Johnson & Johnson MedTech, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, Envaste Limited, Olympus Corporation, Intuitive Surgical Inc., HOYA Corporation, Smith & Nephew Plc, Steris plc, Coloplast AS, Teleflex Incorporated, Cook Group Inc., Karl Storz SE & Co. KG, Ambu A/S, Richard Wolf GmbH, SonoScape Medical Corp., EndoChoice Holdings Inc., Allied Digestive Health LLC, Endogastric Solutions Inc., Micro-Tech Endoscopy Inc., CapsoVision Inc., Medrobotics Corporation, EndoMed Systems GmbH, Motus GI Holdings Inc., Endogene Ltd.
How are evolving market trends shaping gastrointestinal endoscopy Strategies?
Leading corporations in the gastrointestinal endoscopy market are launching innovative endoscopic devices that incorporate refined imaging technologies to boost diagnostic precision and optimize patient results. These imaging technologies incorporate sophisticated approaches such as high-definition imaging, narrow-band imaging (NBI), and optical coherence tomography (OCT), allowing for an improved and comprehensive visualization of the gastrointestinal tract during endoscopic procedures. For example, Olympus Corporation, a manufacturer based in Japan, unveiled the EVIS X1 Endoscopy System in October 2023. This next-generation device is created to enrich the visualization of the gastrointestinal tract by leveraging state-of-the-art imaging technologies like TXI, RDI, and NBI. It is created with the objective to enhance the identification of irregularities during GI procedures, granting physicians superior diagnostic skills.
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Which regions are emerging as leaders in the gastrointestinal endoscopy market?
North America was the largest region in the gastrointestinal endoscopy market in 2024. The regions covered in the gastrointestinal endoscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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