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The endoscopy devices market size is forecast to increase by USD 14.24 billion, at a CAGR of 7.17% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market is characterized by continuous innovation and evolution, driven by advancements in technology and growing demand across various sectors. Flexible endoscopes, a key segment, enable minimally invasive diagnostic and therapeutic procedures, while hemostasis clips ensure effective blood vessel closure during endoscopic procedures. ERCP accessories, biopsy forceps, and capsule endoscopy expand diagnostic capabilities, offering improved accuracy and patient comfort. High definition endoscopy and advanced imaging techniques, including narrow band imaging and optical coherence tomography, enhance visualization, enabling early detection and precise diagnosis. Tissue sampling methods, such as endoscopic ultrasound and endoscopic mucosal biopsy, provide valuable information for disease staging and treatment planning.
Endoscope sterilization and infection control protocols are essential for patient safety, driving demand for advanced sterilization technologies and disposable endoscopes. Therapeutic endoscopes, including polypectomy snares, argon plasma coagulation, and endoscopic stents, offer minimally invasive treatment options for various conditions. Image guided surgery and video endoscopy further expand the applications of endoscopic technologies, while laparoscopic instruments and surgical endoscopes enable minimally invasive surgeries. Reprocessing guidelines ensure the safe and effective use of reusable endoscopes, maintaining the highest standards of patient care. The market dynamics are shaped by ongoing research and development, regulatory requirements, and changing patient needs, ensuring a vibrant and evolving landscape for endoscopy devices.
The endoscopy devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The laparoscopy segment is estimated to witness significant growth during the forecast period.
The market encompasses a range of technologies and tools used in diagnostic and therapeutic procedures for examining the gastrointestinal tract and other organs. Key product categories include flexible endoscopes, hemostasis clips, ERCP accessories, biopsy forceps, capsule endoscopy, balloon dilation, argon plasma coagulation, laparoscopic instruments, image enhancement algorithms, therapeutic endoscopes, polypectomy snare, wireless endoscopes, endoscopic stents, video endoscopy, advanced imaging techniques such as optical coherence tomography and endoscopic ultrasound, high definition endoscopy, tissue sampling, endoscope sterilization, narrow band imaging, infection control protocols, and various types of endoscopes like diagnostic, single use, disposable, endoscopic retrograde cholangiopancreatography, rigid, and reprocessing guidelines. The laparoscopy segment is experiencing significant growth due to the rising incidence of liver diseases and the increasing number of morbidly obese individuals.
This segment's popularity stems from its ability to provide precise diagnoses and effective treatments when conventional methods like ultrasound, X-ray, CT, and MRI scans fail to deliver accurate results. The demand for advanced imaging techniques, such as optical coherence tomography and endoscopic ultrasound, is also increasing due to their ability to offer higher resolution images and improved diagnostic accuracy. Therapeutic endoscopes, including polypectomy snare, argon plasma coagulation, and endoscopic mucosal resection, are gaining popularity due to their minimally invasive nature and ability to treat various gastrointestinal conditions. Endoscopic stents and balloon dilation are essential tools for treating obstructive conditions in the gastrointestinal tract.
Infection control protocols and endoscope sterilization methods are crucial aspects of the market, ensuring patient safety and reducing the risk of complications. The market for disposable endoscopes is growing due to their single-use advantage, reducing the risk of cross-contamination and infection. Image-guided surgery and video endoscopy are increasingly being adopted to enhance the accuracy and precision of procedures. Overall, the market is evolving, with a focus on developing innovative technologies to improve diagnostic and therapeutic capabilities while ensuring patient safety and comfort.
The Laparoscopy segment was valued at USD 8.81 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 41% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is experiencing significant growth due to the increasing incidence of chronic diseases necessitating diagnostic procedures. Endoscopy offers a non-invasive method for examining the interior of the body and organs, which is crucial for diagnosing conditions such as arthritis, GI diseases, and ENT disorders. In the North American region, where healthcare technology and research investments are substantial, advancements in endoscopy devices continue to drive market growth. High-definition imaging, virtual chromoendoscopy, narrow-band imaging (NBI), and robotic-assisted endoscopy are among the technological innovations enhancing diagnostic accuracy, procedural efficiency, and patient outcomes. Furthermore, image enhancement algorithms, therapeutic endoscopes, and endoscopic ultrasound contribute to the market's expansion.
Tissue sampling techniques, such as biopsy forceps and polypectomy snare, and endoscopic mucosal biopsy, confocal laser endomicroscopy, and surgical endoscopes, facilitate precise diagnosis and treatment. Endoscope sterilization, infection control protocols, and reprocessing guidelines ensure patient safety, while disposable and single-use endoscopes cater to the need for cost-effective and hygienic solutions. Endoscopic retrograde cholangiopancreatography (ERCP) accessories, laparoscopic instruments, and balloon dilation expand the market's scope. Overall, the market is thriving due to the continuous development of advanced technologies and the increasing demand for minimally invasive diagnostic and therapeutic procedures.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses a diverse range of technologies and applications, with continuous advancements driving innovation in this sector. These advanced tools, such as long_tail_keywords chip-on-tip sensors and high-definition imaging systems, are transforming diagnostic procedures and expanding the scope of endoscopic interventions. Focusing on minimally invasive procedures, endoscopy devices are increasingly being adopted in areas like gastroenterology and urology, enabling early detection and precise treatment of various conditions. Moreover, the integration of artificial intelligence and machine learning algorithms into endoscopic systems is revolutionizing the field, facilitating faster and more accurate diagnoses. Including advanced features like real-time image analysis and automated detection of anomalies, these intelligent endoscopy devices are poised to significantly impact clinical workflows and patient outcomes. With a growing emphasis on personalized medicine and improved patient care, the market for endoscopy devices is expected to remain a dynamic and innovative space.
The endoscopy devices market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the endoscopy devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, endoscopy devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AnX Robotics - This company specializes in providing advanced endoscopy devices, including the Navicam SB with ESView, Navicam small bowel system, Proscan, Navicam Xpress stomach system, Navicam stomach system, and Navicam colon system. These innovative solutions enable healthcare professionals to diagnose and treat various gastrointestinal conditions with precision and efficiency.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Endoscopy Devices Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.17% |
Market growth 2024-2028 |
USD 14.24 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.49 |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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