Endoscopes Market Outlook On The Basis Of Product, Application, End Use, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 12 May 2022: The Report Endoscopes Market Size, Share & Trends Analysis Report By Application (GI Endoscopy, Urology Endoscopy), By Product (Disposable, Flexible, Rigid), By End Use (ASCs/Clinics, Hospitals), By Region, And Segment Forecasts, 2022 – 2030

The global endoscopes market size is expected to reach USD 27.9 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.4% from 2022 to 2030. Growing awareness levels about minimally invasive surgical procedures and the increasing prevalence of chronic disorders are the major factors accelerating the market growth. The benefits, such as less surgery-related blood loss, no muscle cutting, quicker recovery, offered by minimally invasive surgeries boost the adoption of endoscopic procedures over traditional/open invasive surgeries. In addition, advancement in endoscopic technology and rapid increase of its application to diagnose and treat various diseases are other key factors anticipated to propel the market growth over the forecast years. The flexible endoscopes product segment dominated the market in 2021.

This is attributed to the high demand for these devices on account of their unique features, such as the ability to reach viscera and cavities, better safety and efficiency, and improved ergonomic features. These devices are most commonly used in several endoscopic procedures, such as esophagogast roduodenoscopy (OGD), bronchoscopy, sigmoidoscopy, laryngoscopy, pharyngoscopy, nasopharyngoscopy, rhinoscopy, and colonoscopy procedures, which supports the product demand and segment growth.Based on application, in 2021, the Gastrointestinal (GI) endoscopy segment dominated the market owing to an increase in gastrointestinal disorders and a high preference for minimally invasive procedures. High volumes of GI endoscopic procedures and the availability of technologically advanced endoscopes to treat &diagnose functional gastrointestinal disorders are also driving the segment.

In 2021, the hospitals end-use segment dominated the market owing to favorable reimbursement policies and growing utilization of endoscopes in hospital systems. Furthermore, a larger number of endoscopic procedures is performed in hospital settings as compared to other healthcare systems, which boosts the segment growth.In addition, North America accounted for the highest revenue share in 2021 owing to its better healthcare infrastructure, high preference for minimally invasive surgical procedures among individuals, and quickadoption of advanced technologies. The increasing burden of functional gastrointestinal disorders and cancer is anticipated to further propel market growth in this region. For instance, as per the data reported by the National Cancer Institute, in 2020, over 1.8 million new cancer cases were estimated to be diagnosed in the U.S.

The overall decrease in the number of surgical procedures during COVID-19, in turn, impacted the growth of the market. Furthermore, to reduce the COVID-19 transmission risk, endoscopy centers have postponed and canceled the semi-urgent and elective cases, which affected the endoscopy procedure adoption in 2020.In addition, supply chain interruptions due to constant lockdown and shutdown imposed by the governments of top countries all over the globe also hampered the market growth in 2020. For instance, a study published in the Arab Journal of Gastroenterology in 2020stated that the endoscopy procedures volume decreased about 50% due to the COVID-19 pandemic in the majority of countries.

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Endoscopes Market Report Highlights

• The flexible product segment held the largest revenue share in 2021 owing to its unique features, such as the ability to reach viscera & cavities, better safety & efficiency, and improved ergonomic features
• GI application segment dominated the market in 2021 owing to an increase in gastrointestinal disorders and a high preference for minimally invasive procedures
• In terms of end use, hospitals accounted for the highest revenue share in 2021 due to favorable reimbursement policies and the growing utilization of endoscopes in hospital systems
• North America dominated the market in 2021 owing to various factors including the increasing burden of functional gastrointestinal disorders, improved healthcare infrastructure, and the growing preference for minimally invasive surgeries to curb healthcare spending

List of Key Players of Endoscopes Market

• Olympus Corp.
• PENTAX Medical
• Ethicon US, LLC
• FUJIFILM Holdings Corp.
• Stryker
• Boston Scientific Corp.
• CONMED Corp.
• Karl Storz GmbH & Co., KG
• Richard Wolf Medical Instruments
• Medtronic

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Endoscopes Market Size Is Poised To Reach USD 19.4 Billion By 2028: Grand View Research Inc.

San Francisco, 24 March 2021: The Report Endoscopes Market Size, Share & Trends Analysis Report By Product (Flexible Endoscopes, Disposable Endoscopes), By Application, By End-use, By Region, And Segment Forecasts, 2021 – 2028

The global endoscopes market size is expected to reach USD 19.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.0% from 2021 to 2028. The growing awareness regarding the benefits of minimally invasive surgeries as compared to open invasive surgeries and the rising prevalence of chronic diseases, such as cancer, heart diseases, and diabetes, are some of the factors driving the market. In addition, technological advancements with respect to endoscopes and the increasing applications in various diagnosis and treatment processes are among the key trends boosting the demand for endoscopes globally.

Based on product, flexible endoscopes dominated the market with a share of 49.9% in 2020. This is attributed to the growing preference for such devices among medical professionals, technological advancements, increased efficiency and safety, and ergonomic features of the flexible endoscopes. In addition, these devices are used in numerous procedures, such as upper gastrointestinal endoscopy, colonoscopy, bronchoscopy, sigmoidoscopy, laryngoscopy, pharyngoscopy, duodenoscopy, nasopharyngoscopy, and rhinoscopy, which increase their adoption, thereby fueling the segment growth.

In 2020, based on application, gastrointestinal (GI) endoscopy accounted for the largest revenue share owing to the growing geriatric population and the rising burden of gastrointestinal diseases. In addition, the increase in the number of gastroscopies, the rise in adoption of endoscopes for diagnosis as well as treatment of GI diseases, and the availability of advanced products for gastroscopy are some of the factors driving the segment. In addition, the urology endoscopy segment is expected to expand at the highest CAGR over the forecast period. The growing number of urology surgeries and the increasing prevalence of urologic cancers are among the key factors expected to drive the demand for urology endoscopies.

North America dominated the market with a revenue share of 42.5% in 2020 owing to the improved healthcare infrastructure, the rising adoption of advanced technologies, and the growing preference for minimally invasive surgeries to curb healthcare spending. In addition, the growing burden of gastrointestinal disorders and cancer in the region is one of the significant factors propelling the market growth. For instance, according to the estimates of the National Cancer Institute, around 1,806,590 new cases were estimated to be diagnosed in the U.S. in 2020.

In addition, the COVID-19 pandemic has impacted the market for endoscopes. The postponement of elective surgeries and the reduction in the number of elective surgeries performed during the pandemic have drastically impacted the market. In addition, changing regulations with a view to curtailing the infection due to virus, along with the disruptions in the supply chain, have hampered the market growth during the pandemic. For instance, according to a 2020 multicenter survey from Northern Italy, published in the American Gastroenterological Association (AGA), a reduction of 97.6% was experienced in endoscopy units with COVID-19 positive patients.

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Endoscopes Market Report Highlights

• By product, the flexible endoscopes segment held the largest revenue share in 2020 owing to the growing preference for such devices among medical professionals, technological advancements, increased efficiency and safety, and ergonomic features of the flexible endoscopes
• Based on application, the gastrointestinal (GI) endoscopy segment dominated the market in 2020 owing to the growing geriatric population and the rising burden of gastrointestinal diseases
• In terms of end use, hospitals accounted for the largest revenue share in 2020 owing to favorable reimbursement policies and large adoption and utilization of endoscopes in hospital systems
• North America dominated the market with a revenue share of 42.5% in 2020 owing to various factors including the improved healthcare infrastructure, the rising adoption of advanced technologies, and the growing preference for minimally invasive surgeries to curb healthcare spending

List of Key Players of Endoscopes Market

• Olympus Corporation
• PENTAX Medical
• Ethicon US, LLC
• FUJIFILM Holdings Corporation
• Stryker
• Boston Scientific Corporation
• CONMED Corporation
• Karl Storz GmbH & Co., KG
• Richard Wolf Medical Instruments
• Medtronic

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Endoscopes Market Size Is Anticipated To Reach USD 17.19 Billion By 2025 | : Grand View Research Inc.

San Francisco, 31 May 2019: The Report Endoscopes Market Size, Share, And Trends Analysis Report By Product (Flexible, Disposable, Rigid), By Application (Gastrointestinal, Urology, Laparoscopy), By End Use, And Segment Forecasts, 2018 – 2025

The global endoscopes market size is expected to reach USD 17.19 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.8% during the forecast period. Growing global geriatric population, high prevalence of gastrointestinal diseases, and rising technological advancements are the key factors contributing to market growth. Rising preference for minimally invasive surgeries (MIS) is also positively influencing the growth of the market.

Endoscopy surgeries are performed for diagnosis as well as treatment of gastrointestinal, gynecological, neurological, and cardiovascular diseases. Emergence of minimally invasive alternatives to open surgeries such as laparoscopy, hysteroscopy, and colonoscopy is boosting the demand for endoscopes. Preference of MIS is increasing owing to smaller incision, reduction in postoperative complications & mortality, and lesser trauma. Furthermore, they are economically viable alternatives to open surgeries.

Availability of technologically advanced endoscopes is also providing a significant push to the market. Market players are undertaking R&D initiatives to improve existing products as well as launch new products, which is expected to bolster the growth of the market. For example, VISERA 4K UHD System is a surgical system lunched by Olympus in 2016 with 55-inch primary operative display for enhancing MIS.

In March 2018, Auris Health, Inc. announced FDA approval of its new robotic endoscopy system, Monarch Platform. In June 2017, Olympus launched 3D surgical endoscope designed to be compatible with VISERA ELITE II system. It uses 3D imaging facilitating depth perception that enables precise surgery. Pentax Medical launched Slim Linear Ultrasound Endoscope (EG-3270UK) in the U.S. in August 2017.

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Further key findings from the report suggest:

• Flexible endoscopes emerged as the largest product segment in 2017, accounting for more than half of the market revenue
• Gastrointestinal endoscopy was the leading revenue contributor in the market, on the basis of applications, in 2017. On the other hand, urology endoscopy is expected to emerge as the fastest growing segment over the forecast period
• Hospitals was the largest end-use segment in 2018 in terms of revenue. Ambulatory surgery centers are rapidly gaining popularity and the segment is anticipated to register the highest CAGR during the same period
• North America was the dominant regional market in 2017 due to high healthcare expenditure, favorable reimbursement framework, growing elderly population and disease burden, and heightened adoption of technologically advanced products
• Asia Pacific is likely to exhibit a lucrative CAGR of 10.6% during the forecast period owing to economic development in emerging countries, improvement in healthcare infrastructure, and increase in awareness about MIS
• Olympus Corporation; Ethicon US, LLC; Fujifilm Holdings Corporation; Boston Scientific Corporation; Karl Storz GmbH & Co. KG; Stryker; Medtronic; and CONMED Corporation are the leading players in the endoscopes market.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global endoscopes market on the basis of product, applications, end use, and region:

Endoscopes Product Outlook (Revenue, USD Million, 2014 – 2025)

• Rigid Endoscopes
  • Laparoscopes
  • Arthroscopes
  • Urology endoscopes
  • Cystoscopes
  • Gynecology endoscopes
  • Neuroendoscopes
  • Other rigid endoscopes
• Flexible Endoscopes
  • Upper gastrointestinal endoscopes
  • Colonoscopes
  • Bronchoscopes
  • Sigmoidoscopes
  • Laryngoscopes
  • Pharyngoscopes
  • Duodenoscopes
  • Nasopharyngoscopes
  • Rhinoscopes
  • Other flexible endoscopes
• Capsule Endoscopes
• Disposable Endoscopes
• Robot Assisted Endoscopes

Endoscopes Application Outlook (Revenue, USD Million, 2014 – 2025)

• Gastrointestinal (GI) endoscopy
• Urology endoscopy (cystoscopy)
• Laparoscopy
• Obstetrics/gynecology endoscopy
• Arthroscopy
• Bronchoscopy
• Mediastinoscopy
• Otoscopy
• Laryngoscopy
• Other applications

Endoscopes End Use Outlook (Revenue, USD Million, 2014 – 2025)

• Hospitals
• Ambulatory surgery centers
• Other End Uses

Endoscopes Regional Outlook (Revenue, USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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