PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449381
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449381
North America Endoscopy Devices Market Share, Size, Trends, Industry Analysis Report, By Product ; By Application; By End-Use; By Country; Segment Forecast, 2024 - 2032
The North America Endoscopy Devices market size is expected to reach USD 13.23 Billion by 2032, according to a new study by Polaris Market Research. The report "North America Endoscopy Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Capsules Endoscopes, Flexible Endoscopes, Rigid Endoscopes, Robot-assisted Endoscopes, Others); By Application; By End-Use; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increased demand for endoscopic devices in North America is primarily due to the rising prevalence of chronic diseases as a result of lifestyle changes and the growing elderly population. In addition, according to a CDC report from 2021, arthritis is the leading cause of disability, affecting 58.5 million adults in the United States. The substantial drivers fostering market growth include a growing preference for minimally invasive surgeries, an increase in the use of endoscopy for both treatment and diagnosis, and continuous technological advancements.
Likewise, improvements in endoscopic technologies such as capsule endoscopy, robotic-assisted systems, and high-definition imaging are expected to improve endoscopists' diagnostic and treatment capabilities, driving growth of the market. The increased prevalence of brain and spinal cord tumors in North America is anticipated to be a major factor driving market expansion in the forecast period. Endoscopic procedures allow surgeons to reach the brain and spinal cord through small incisions or natural openings, reducing the need for more invasive surgical interventions.
For instance, according to data published by the Cancer Society America in January 2023, an estimated 24,810 cases of spinal cord tumors or malignant brain will be diagnosed in the United States by the end of 2023.
The increasing prevalence of brain and spinal cord tumors is expected to increase the demand for endoscopy devices, which allow surgeons to visualize and reach tumors located in deep or critical regions of the brain without requiring extensive craniotomy procedures.
The development of endoscopy device technologies such as laparoscopes, capsule endoscopes, and disposable endoscopes is propelling the endoscopy device market forward. Furthermore, the increase in pharmaceutical establishments in north america, government approvals, and the active participation of key industry players are all driving the growth of this market in the region.
Robotic-assisted endoscopy is a significant advancement in medical technology, combining the precision of robotics with the diagnostic and therapeutic capabilities of endoscopic procedures. This novel approach improves the surgeon's ability to perform intricate tasks with greater accuracy and dexterity, ultimately improving patient outcomes. The system typically consists of a console from which the surgeon controls the robotic arms and a patient-side cart containing specialized robotic instruments. These instruments have an increased range of motion and mimic the surgeon's movements, resulting in a more stable and controlled environment for delicate procedures.
North America Endoscopy Devices Market Report Highlights
In 2023, the flexible endoscope segment accounted for the largest revenue share in the north america endoscopy devices market. The rising prevalence of chronic diseases such as inflammatory bowel disease (IBD), stomach cancer, colon cancer, respiratory infections, respiratory tumors, and other similar ailments necessitates the widespread use of endoscopes for diagnostic purposes in the north america. As a result, the increasing prevalence of these diseases necessitate the usage of flexible endoscopes.
The laparoscopy segment held the largest revenue share in the north america endoscopy devices market in 2023. In North America, surgeons frequently use laparoscopy for minimally invasive procedures such as cholecystectomy (gallbladder removal), appendectomy, and hernia repair. Endoscopy devices allow surgeons to see the surgical site and perform procedures through small incisions, which reduces patient recovery time and postoperative complications.
U.S. emerged as the dominant market in the north america endoscopy devices market. The anticipated increase in endoscopic procedures aimed at early detection of gastrointestinal and colorectal diseases will drive market growth in the coming years. Gastrointestinal stromal tumors most commonly begin in the rectum, colon, and esophagus. According to the American Cancer Society's (ACS) 2023 report, esophageal cancer is expected to affect approximately 21.5 thousand people this year, stomach cancer 26.5 thousand, and colorectal cancer 153 thousand in the United States. The high prevalence of these cancers is expected to increase demand for endoscopy devices in the country.
The key market players include Boston Scientific Corporation, Cook Medical Incorporated, Ethicon Endo-Surgery LLC., Fujifilm Holdings Corporation, Hoya Corporation, Karl Storz GmbH & Co. KG, Medtronic Plc (Covidien), Olympus Corporation, PENTAX Medical System, Richard Wolf GmbH, Smith & Nephew Inc., Stryker Corporation.
Polaris Market Research has segmented the North America Endoscopy Devices market report based on product, application, end-use, and country:
North America Endoscopy Devices, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Capsule Endoscopes
- Flexible Endoscopes
- Rigid Endoscopes
- Robot-assisted Endoscopes
- Others
North America Endoscopy Devices, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Laparoscopy
- Gastrointestinal (GI) Endoscopy
- Arthroscopy
- Gynaecology Endoscopy
- Urology Endoscopy
- Bronchoscopy
- Mediastinoscopy
- Otoscopy
- Others
North America Endoscopy Devices, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Ambulatory Surgical Centers
- Hospitals
North America Endoscopy Devices, Country Outlook (Revenue - USD Billion, 2019 - 2032)
- U.S.
- Canada
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. North America Endoscopy Devices Market Insights
- 4.1. North America Endoscopy Devices Market - Industry Snapshot
- 4.2. North America Endoscopy Devices Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising prevalence of minimally invasive surgeries will drive the growth of the market
- 4.2.1.2. Increasing prevalence of chronic diseases and rising technological advancements will facilitate the market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of endoscopic devices and stringent regulations hindering the growth of the market
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America Endoscopy Devices Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. North America Endoscopy Devices Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America Endoscopy Devices, by Product, 2018-2030 (USD Billion)
- 5.3. Capsule Endoscopes
- 5.3.1. North America Endoscopy Devices Market, by Capsule Endoscopes, 2018-2030 (USD Billion)
- 5.4. Flexible Endoscopes
- 5.4.1. North America Endoscopy Devices Market, by Flexible Endoscopes, 2018-2030 (USD Billion)
- 5.5. Rigid Endoscopes
- 5.5.1. North America Endoscopy Devices Market, by Rigid Endoscopes, 2018-2030 (USD Billion)
- 5.6. Robot-assisted Endoscopes
- 5.6.1. North America Endoscopy Devices Market, by Robot-assisted Endoscopes, 2018-2030 (USD Billion)
- 5.7. Others
- 5.7.1. North America Endoscopy Devices Market, by Others, 2018-2030 (USD Billion)
6. North America Endoscopy Devices Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- 6.3. Laparoscopy
- 6.3.1. North America Endoscopy Devices Market, by Laparoscopy, 2018-2030 (USD Billion)
- 6.4. Gastrointestinal (GI) Endoscopy
- 6.4.1. North America Endoscopy Devices Market, by Gastrointestinal (GI) Endoscopy, 2018-2030 (USD Billion)
- 6.5. Arthroscopy
- 6.5.1. North America Endoscopy Devices Market, by Arthroscopy, 2018-2030 (USD Billion)
- 6.6. Arthroscopy
- 6.6.1. North America Endoscopy Devices Market, by Arthroscopy, 2018-2030 (USD Billion)
- 6.7. Urology Endoscopy
- 6.7.1. North America Endoscopy Devices Market, by Urology Endoscopy, 2018-2030 (USD Billion)
- 6.8. Bronchoscopy
- 6.8.1. North America Endoscopy Devices Market, by Bronchoscopy, 2018-2030 (USD Billion)
- 6.9. Mediastinoscopy
- 6.9.1. North America Endoscopy Devices Market, by Mediastinoscopy, 2018-2030 (USD Billion)
- 6.10. Otoscopy
- 6.10.1. North America Endoscopy Devices Market, by Otoscopy, 2018-2030 (USD Billion)
- 6.11. Others
- 6.11.1. North America Endoscopy Devices Market, by Others, 2018-2030 (USD Billion)
7. North America Endoscopy Devices Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- 7.3. Ambulatory Surgical Centers
- 7.3.1. North America Endoscopy Devices Market, by Ambulatory Surgical Centers, 2018-2030 (USD Billion)
- 7.4. Hospitals
- 7.4.1. North America Endoscopy Devices Market, by Hospitals, 2018-2030 (USD Billion)
8. North America Endoscopy Devices Market, by Countries
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. North America Endoscopy Devices Market Assessment, By Countries, 2018-2030 (USD Billion)
- 8.2.2. North America Endoscopy Devices Market - U.S
- 8.2.2.1. U.S: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- 8.2.2.2. U.S: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- 8.2.2.3. U.S: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- 8.2.3. North America Endoscopy Devices Market - Canada
- 8.2.3.1. Canada.: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- 8.2.3.2. Canada.: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- 8.2.3.3. Canada.: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Boston Scientific Corporation
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Cook Medical Incorporated
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Ethicon Endo-Surgery, LLC
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Fujifilm Holdings Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Hoya Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Karl Storz GmbH & Co. KG
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Medtronic Plc (Covidien)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Olympus Corporation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. PENTAX Medical System
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Richard Wolf GmbH
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Smith & Nephew Inc
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Stryker Corporation
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
List of Tables
- Table 1 North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 2 North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 3 North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 4 North America Endoscopy Devices Market Assessment, By Countries, 2018-2030 (USD Billion)
- Table 5 U.S: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 6 U.S: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 7 U.S: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 8 Canada.: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 9 Canada.: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 10 Canada.: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 11 Czech Republic: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 12 Czech Republic: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 13 Czech Republic: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 14 UK: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 15 UK: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 16 UK: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 17 France: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 18 France: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 19 France: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 20 U.S: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 21 U.S: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 22 U.S: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 23 Slovakia: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 24 Slovakia: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 25 Slovakia: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 26 RoEU: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 27 RoEU: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 28 RoEU: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 29 Netherlands: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 30 Netherlands: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 31 Netherlands: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
- Table 32 Austria: North America Endoscopy Devices Market, by Application, 2018-2030 (USD Billion)
- Table 33 Austria: North America Endoscopy Devices Market, by Product, 2018-2030 (USD Billion)
- Table 34 Austria: North America Endoscopy Devices Market, by End-Use, 2018-2030 (USD Billion)
List of Figures
- Figure 1 North America Endoscopy Devices Market, 2018-2030 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 North America Endoscopy Devices Market, by Application, 2021 & 2030 (USD Billion)
- Figure 8 Market by Product
- Figure 9 North America Endoscopy Devices Market, by Product, 2021 & 2030 (USD Billion)
- Figure 10 Market by End-Use
- Figure 11 North America Endoscopy Devices Market, by End-Use, 2021 & 2030 (USD Billion)
- Figure 12 North America Endoscopy Devices Market Assessment, By Countries, 2018-2030 (USD Billion)
- Figure 13 Strategic Analysis - North America Endoscopy Devices Market
