Global Endoscopy Devices Market Size By Product Type (Endoscopes, Visualization Systems), By Application (Pulmonology, Gastroenterology), By End User (Hospitals, Clinics), By Geographic Scope And Forecast

Endoscopy Devices Market Size And Forecast

Endoscopy Devices Market size was valued at USD 44.85 Billion in 2024 and is projected to reach USD 74.88 Billion by 2032, growing at a CAGR of 7.30% from 2026 to 2032.

Endoscopy devices are specialized instruments used in minimally invasive medical procedures that allow healthcare practitioners to see within a patient's body. These devices are made up of a long, flexible tube with a camera and light source at one end, which allows doctors to examine interior organs and structures without making significant incisions. Common types of endoscopy include gastrointestinal (GI) endoscopy, bronchoscopy, and arthroscopy. These gadgets have transformed diagnostics and treatments by giving real-time images to aid in correct diagnosis, biopsy collection, and even surgical procedures, thereby shortening recovery time and increasing patient outcomes.

The upcoming endoscopic equipment seems positive, thanks to technological developments and rising demand for minimally invasive procedures. High-definition imaging, robotic-assisted endoscopy, and artificial intelligence integration improve the precision and usefulness of these devices. The increasing frequency of chronic diseases, combined with an aging population, is predicted to drive higher demand for endoscopic procedures.

As healthcare systems around the world prioritize cost-effective and patient-friendly approaches, the endoscopy market is expected to grow significantly, resulting in further advancements in device design and functionality, such as improved portability and versatility for a wide range of medical applications.

Endoscopy Devices Market is estimated to grow at a CAGR 7.30% & reach USD 74.88 Bn by the end of 2032

Global Endoscopy Devices Market Dynamics

The key market dynamics that are shaping the global endoscopy devices market include:

Key Market Drivers:

Increasing Prevalence of Gastrointestinal Diseases: The growing prevalence of gastrointestinal disorders is driving the endoscopy devices market, as illustrated by the World Gastroenterology Organization's announcement that colorectal cancer was the third most frequent cancer worldwide in 2018, with 1.8 million new cases reported. This rising prevalence creates a growing demand for endoscopic procedures for diagnosis and treatment, as these minimally invasive techniques enable earlier detection, accurate diagnosis, and successful therapeutic approaches.

Growing Aging Population: The globally aging population is a crucial driver driving the growth of the endoscopic devices market, with the World Health Organization (WHO) predicting that by 2050, the percentage of individuals over 60 will nearly double from 12% to 22%. Endoscopic procedures to diagnose and treat gastrointestinal diseases are in high demand since older persons are more likely to develop them.

Shift Towards Minimally Invasive Procedures: The shift towards minimally invasive procedures is strengthening the endoscopic device industry. According to a 2019 study published in the Annals of Surgery, the number of minimally invasive operations for colorectal cancer increased from 22.7% to 41.0% in the US between 2006 and 2015. This change is increasing demand for advanced endoscopic equipment that allows for less intrusive diagnostic and therapeutic procedures.

Key Challenges:

High Cost of Endoscopic Equipment: The initial investment required for new endoscopic instruments can be significant, discouraging smaller healthcare facilities from obtaining the latest technology. High costs can also discourage the use of new technology in low-resource areas, resulting in inequities in access to care. This financial hurdle can stifle market expansion since establishments may choose to use older, less efficient equipment rather than invest in newer technologies.

Concerns about Infection Control: The risk of infection linked with endoscopic treatments can be extremely difficult for healthcare personnel to manage. Reprocessing and sterilizing reused endoscopes necessitates demanding attention to standards, and any deviations can result in outbreaks. As patient safety becomes a bigger priority, hospitals may face increased scrutiny and require more investment in training and equipment, thereby affecting the broader market.

Patient Compliance and Awareness: Adherence to recommended endoscopic screenings and treatments is essential for early detection and treatment of gastrointestinal illnesses. Many patients may be uninformed of the significance of these procedures or fear the potential discomfort. Increased awareness campaigns are required, but if not sufficiently funded or implemented, they may stifle market growth by reducing the number of patients seeking endoscopic care.

Key Trends:

Advancements in Imaging Technology: Imaging technology innovations like as high-definition (HD) and 3D imaging are improving endoscopic devices' viewing capabilities. These developments enable improved abnormality detection and characterization, resulting in higher diagnostic accuracy and better patient outcomes. As healthcare professionals strive to provide the best possible care, the desire for improved imaging capabilities fuels the adoption of new endoscopic technology.

Minimally Invasive Procedures on the Rise: Due to the accompanying benefits such as more rapid recovery times, fewer risks of complications, and shorter hospital stays, there is an increasing desire for minimally invasive surgical procedures, including endoscopies. As patients and healthcare professionals emphasize these benefits, the demand for endoscopic operations grows, resulting in increased investment in improved endoscopic systems that enable such procedures.

Telemedicine and Remote Endoscopy: The growth of telemedicine has made it possible to perform and consult on endoscopic operations remotely. This trend is fueled by the growing demand for accessible healthcare, particularly in underprivileged areas. Telemedicine enables specialists to guide treatments remotely, hence increasing access to expert care. As this trend continues, manufacturers are anticipated to develop endoscopic equipment that are compatible with telemedicine platforms, accelerating market expansion.

Global Endoscopy Devices Market Regional Analysis

Here is a more detailed regional analysis of the global endoscopy devices market:

North America:

The North American endoscopy devices market is currently the world's largest, thanks to improved healthcare infrastructure, high acceptance rates of minimally invasive treatments, and significant investments in research and development. The increased prevalence of chronic disorders demanding endoscopic procedures is a major contributor to this rise. For instance, the American Cancer Society predicts around 153,020 new instances of colorectal cancer in the U.S. in 2023, emphasizing the vital need for enhanced endoscopic instruments for early detection and treatment. According to the Centers for Disease Control and Prevention, roughly 60 to 70 million Americans are impacted by digestive diseases each year, increasing demand for endoscopic procedures.

The North American endoscopic device market is predicted to increase steadily, accounting for the majority of the global endoscopy industry by 2027, with a value of $69.58 billion. Key causes include an aging population, with all baby boomers expected to be over 65 by 2030, increasing the number of people who may need endoscopic operations. Technology improvements in endoscopy, like as artificial intelligence (AI), are improving diagnostic accuracy, with studies demonstrating a 14% increase in adenoma detection rates using AI-assisted colonoscopy.

Asia Pacific:

The Asia-Pacific endoscopy devices market is growing rapidly as the globe's fastest-growing region, driven by rising healthcare spending, increased awareness of minimally invasive procedures, and rapid urbanization. According to the World Health Organization (WHO), healthcare spending in the region is expected to increase at a 7.1% annual pace between 2020 and 2024, well exceeding the global average of 5.4%. This increase in investment is providing a favorable environment for the use of modern endoscopic technologies. The rising prevalence of chronic diseases, such as diabetes, which is anticipated to rise from 88 million individuals in 2019 to 153 million by 2045 in Southeast Asia, along with a growing cancer burden, is boosting the need for endoscopic procedures to treat consequences.

The Asian-Pacific endoscopy device market is promising. The growing middle class in nations such as China and India is expected to account for 66% of the global middle class by 2030, driving up demand for better healthcare services. Technological improvements, particularly the integration of AI-enabled technologies and capsule endoscopy, are also revolutionizing the industry. The aging population-one in every four people will be over the age of 60 by 2050-would most certainly raise the demand for endoscopic operations, cementing Asia-Pacific's position as a key participant in the global endoscopy equipment market.

Global Endoscopy Devices Market: Segmentation Analysis

Endoscopy Devices Market, By Product Type

• Endoscopes
• Visualization Systems
• Endoscopic Accessories

Based on Product Type, the market is bifurcated into Endoscopes, Visualization Systems, and Endoscopic Accessories. Endoscopes are currently dominating due to their essential role in a variety of diagnostic and therapeutic procedures across multiple medical professions. This industry benefits from technology improvements like high-definition and 3D endoscopes, which improve vision and precision during treatments. The endoscopic accessories segment is expanding at the fastest rate, owing to an increase in the number of endoscopic procedures and a growing demand for disposable accessories that assure infection control and procedural efficiency. As healthcare practitioners prioritize patient safety and procedural success, the need for improved endoscopic accessories is likely to increase rapidly.

Endoscopy Devices Market, By Application

• Pulmonology
• Gastroenterology
• Orthopedic Surgery

Based on Application, the market is segmented into Pulmonology, Gastroenterology, and Orthopedic Surgery. The gastroenterology section is currently the dominant one, owing to the high frequency of intestinal diseases and the essential role of endoscopy in their diagnosis and treatment. Colonoscopies and upper GI endoscopies are common procedures, which creates a high need for new endoscopic technologies in this field. Pulmonology is the fastest-growing segment, thanks to rising respiratory disease rates, increased knowledge of early detection procedures, and developments in bronchoscopy technologies. As more healthcare professionals employ endoscopic procedures for lung-related issues.

Endoscopy Devices Market, By End-User

• Hospitals
• Clinics
• Ambulatory Surgery Centers

Based on End-User, the market is segmented into Hospitals, Clinics, and Ambulatory Surgery Centers. The hospital segment is currently the dominant category, owing to the large number of advanced and essential procedures conducted in hospital settings. Hospitals often have advanced infrastructure, competent people, and a better capability for comprehensive care, increasing the demand for sophisticated endoscopic technologies. Ambulatory surgery centers (ASCs) are the fastest-growing segment, with more hospitals adopting minimally invasive procedures due to their convenience, cost-effectiveness, and shorter recovery times.

Endoscopy Devices Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World
• On the basis of Geography, the Global Endoscopy Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The North American endoscopy device market is currently leading the global market due to advanced healthcare infrastructure, widespread use of minimally invasive treatments, and extensive research and development. The Asia-Pacific market is growing the fastest, driven by rising healthcare spending, increased awareness of minimally invasive procedures, and rapid urbanization, particularly in China and India.

Key Players

The "Global Endoscopy Devices Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Olympus Corporation, Medtronic plc, Karl Storz GmbH & Co. KG, Boston Scientific Corporation, Fujifilm Holdings Corporation, Stryker Corporation, Johnson & Johnson (Ethicon), Smith & Nephew plc, Hoya Corporation, and Cook Medical Incorporated. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

• Endoscopy Devices Market Recent Developments
• In January 2024, EndoSound's Vision System, a revolutionary endoscopic ultrasound device that attaches to upper Gl endoscopes, received FDA approval. This technology, which got FDA breakthrough designation in July 2021, combines an ultrasonic beamformer, a reusable transducer, and a disposable mounting kit to convert conventional endoscopes into endoscopic ultrasound systems.
• In November 2023, Olympus Corporation announced EVIS X1, a cutting-edge endoscopic system designed specifically for the Chinese market. The system was displayed at the 6th annual China International Import Expo in Shanghai from November 5 to 10.