Global Endoscopes Market - Forecasts from 2022 to 2027

The global endoscope market is projected to grow at a CAGR of 8.92% to reach US$13.795 billion by 2027, from US$7.586 billion in 2020.

According to the data and the statistics that have been provided by the World Health Organization (WHO), cancer is considered to be one of the leading causes of death in the world and was responsible for around 9.6 million deaths globally in 2018. Dietary factors are one of the leading causes of cancer and can lead to lung cancer, oesophagal cancer, and breast cancer, among others.

According to the WHO, the techniques that WHO recommends for reducing the burden of cancer include leading a healthy, balanced lifestyle, and early detection of cancer. Endoscopes are one such instrument that can be used to detect cancer in its early stages and are used by many doctors. In this exam, a tube with an imaging system is inserted into the location of suspected infection or disease, and then the doctors can easily analyze the inner lining and surroundings for signs and symptoms of cancer such as ulcers and red spots. Thus, these factors are leading to increased demand and adoption of endoscopes in the different end-users such as hospitals, diagnostic centres, and ambulatory care centres to detect cancer early and carry out examinations, which is leading to a boost in the market's growth.

Endoscope product offerings from major market players

The market players are highly active in the market by offering and making available a variety of endoscopes, including single-use and reusable products, with enhanced and advanced features in order to cater to the rising demands from different end-users. This, in turn, is helping them improve their market position.

Some of the examples of product offerings are as follows:

• In September 2020, Otsuka Pharmaceutical Factory introduced VISCOCLEAR, a gel that protects the endoscope's vision field for natural opening. The product is a viscosity-reducing gel that is used for gastrointestinal endoscopy of the oesophagus, stomach, duodenum, small intestine, and large intestine, as well as operations and treatments in the digestive system. It is injected into the digestive system via an endoscope, and it enhances the poor viewing field created by blood and other substances during endoscopy.
• In May 2020, Westfield Medical announced the introduction of a Humipak size intended to keep flexible endoscopes moist from the time of usage until they are reprocessed. Endoscopes now come in a new Humipak size of 560x670mm, which is perfect for transporting scopes in ordinary trays. Those of you who are now utilising double-DIN size will save money, while new customers will have a competitive and effective option for wet returns to the reprocessing machine.
• In May 2020, Ambu, a company that is involved in the manufacture of a wide range of medical devices including single-use endoscopes announced that their new product called the Ambu view 2 Advance, has obtained the CE mark and has been listed by the Food and Drug Administration. This has enabled it to be sold in Europe and North America by mid-May 2020. The product is portable and has been equipped with a portable full HD display unit that can be used with the company's Endoscopes and assist in various procedures.
• In November 2019, PENTAX Medical, a company that is one of the industry leaders in providing products and solutions for diagnostic and therapeutic Endoscopes, announced the launch of their new product called the "DEC™ HD Duodenoscope" in the United States. The product is an advanced and high-definition duo-endoscope that is created using features and components that are disposable, including a disposable sterile distal cap and a lever. In addition, it has recently been cleared by the FDA.
• In March 2019, Olympus Corporation, which is among the most famous companies involved in the manufacture and distribution of different devices and equipment to different end-user industries, announced the launch of its new product called the "PowerSpiral". The product was launched in Europe and parts of the Asia-Pacific region, including countries such as Hong Kong and India, on the 29th of March 2020. This product makes the use of a motorized rotating attachment which is called the "overture DPST-1" which can be mounted on the scope and gently grips the mucosa. This attachment enables the instrument to go deeper into the smaller intestine for better and more effective investigation and imaging capabilities.

The disposable and single-use types of endoscopes are expected to hold a significant market share over the forecast period owing to the fact that they are able to effectively lower the chances of transmission of healthcare-associated infections (HAIs)

According to the data and the statistics, provided by the WHO (World Health Organization), urinary tract infections are caused by the pseudomonas aeruginosa bacteria and pneumonia is caused by Mycobacterium tuberculosis, which can be transmitted through the use of infected bronchoscopes and cystoscopes that are used for different endoscopic exams. The disposable type and single-use type endoscopes are estimated to hold a significant market share over the forecast period as they are can effectively contain the infections the patients being operated on have and minimizes the problems associated with their transmission to other patients.

The North American region is estimated to hold a noteworthy share over the forecast period owing to rising cases of cancer in high-income countries such as the US and the Asia Pacific region. The latter is estimated to increase its share over the forecast period as a result of the rising investments being made into the medical sector

The North American region is expected to hold a noteworthy market share over the forecast period owing to the fact that there are many leading market players involved in catering to the demands of the different end-users such as ambulatory care centres, hospitals, and diagnostic centres by launching and providing top-quality equipment and products. Moreover, the usage of endoscopes is growing in order to detect cancer, which is rising due to the unhealthy lifestyles being led by individuals in countries such as the US. The equipment is able to analyze the inner lining of the organs to better judge the early and developmental stage symptoms of different types of cancer and other serious diseases.

In addition, the Asia Pacific region is estimated to increase its share over the forecast period owing to the fact that there are increasing initiatives being taken by the government in order to improve the facilities provided by the healthcare sector. Additionally, there are also investments being made in the R&D of better medical equipment in order to deal with and detect the serious diseases that are burdening the population.

Impact of the COVID-19 pandemic

The COVID-19 pandemic resulted in an economical slowdown worldwide, owing to the closure of significant industry functions and markets. The endoscopes market also suffered a significant drop in demand, since most healthcare institutions were more engaged with controlling viral infection, leading to a decline in other medical procedures. Government agencies also urged people to refrain from doing medical procedures, unless absolutely necessary. Moreover, the risk of contamination or infection among patients led to a decrease in the endoscopes market demand. The healthcare sector also saw a shift in demand from reusable endoscopes to single-use endoscopes in the healthcare industry to cope with the increasing number of infection cases. Moreover, with the resumption of major industrial processes and the lifting of COVID-19 protocols, the market is expected to grow significantly.

Segmentation:

• By Type

Single-Use

Reusable

• By Device Type

Rigid Endoscope

Flexible Endoscope

Capsule Endoscope

Assisted Endoscope

• By Exam Type

Gastroscopy

Colonoscopy

Laparoscopy

Others

• By End-Users

Hospitals

Diagnostics Centers

Ambulatory Care Units

• By Geography

North America

• USA
• Canada
• Mexico

South America

• Brazil
• Argentina
• Others

Europe

• UK
• Germany
• France
• Spain
• Italy
• Others

Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

Asia Pacific

• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others