This report describes and explains the endoscopy devices and equipment market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global endoscopy devices and equipment market reached a value of nearly $37,585.5 million in 2022, having increased at a compound annual growth rate (CAGR) of 4.3% since 2017. The market is expected to grow from $37,585.5 million in 2022 to $52,630.7 million in 2027 at a rate of 7.0%. The market is then expected to grow at a CAGR of 6.7% from 2027 and reach $72,826.1 million in 2032.
Growth in the historic period resulted from an increasing prevalence of gastrointestinal diseases, an increasing acceptance of endoscopic procedures, an increased healthcare expenditure and growth in medical tourism. Factors that negatively affected growth in the historic period were challenges due to regulatory changes, an insufficient public health insurance coverage and the COVID-19 pandemic.
Going forward, the rising aging population, increasing incidence of chronic diseases, growing prevalence of obesity and new regulatory approvals will drive the market. Factors that could hinder the growth of the endoscopy devices and equipment market in the future include a lack of skilled professionals, high cost of endoscopy and alternative diagnostic and therapeutic procedures.
The endoscopy devices and equipment market is segmented by product into endoscope, endoscopy operative devices and endoscopy visualization systems. The endoscope market was the largest segment of the endoscopy devices and equipment market by product, accounting for $16,893.1 million or 44.9% of the total market in 2022. The endoscope market is expected to be the fastest-growing segment going forward at a CAGR of 7.1%.
The endoscopy devices and equipment market is segmented by application into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, obstetrics/gynecology endoscopy, ENT endoscopy and other applications. The gastrointestinal endoscopy market was the largest segment of the endoscopy devices and equipment market by application, accounting for $8,974.7 million or 23.9% of the total market in 2022. The laparoscopy market is expected to be the fastest-growing segment going forward at a CAGR of 7.3%.
The endoscopy devices and equipment market is segmented by end-user into hospitals, clinics and other end-user. The hospitals market was the largest segment of the endoscopy devices and equipment market by end-users, accounting for $20,589.7 million or 54.8% of the total market in 2022. The hospitals market is expected to be the fastest-growing segment going forward at a CAGR of 7.1%.
North America was the largest region in the endoscopy devices and equipment market, accounting for 38.5% of the global market in 2022. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the endoscopy devices and equipment market will be Asia Pacific and North America, where growth will be at CAGRs of 7.6% and 7.2% respectively from 2022-2027.
The global endoscopy devices and equipment market is fragmented, with a large number of small players. The top ten competitors in the market made up to 18.56% of the total market in 2021. This can be due to the existence of a number of local players in the market serving customers in particular geographies. Olympus Corporation was the largest competitor with 5.36% share of the market, followed by Boston Scientific Corporation with 3.05%, Stryker Corporation with 2.75%, Fujifilm with 2.48%, Karl Storz SE & Co. KG with 2.28%, Johnson & Johnson with 1.16%, Hoya Corporation with 0.56%, Cook Medical with 0.46%, Smith & Nephew with 0.29%, and Conmed Corporation with 0.16%.
The top opportunities in the endoscopy devices and equipment market by product will arise in the endoscope market, which will gain $6,915.2 million of global annual sales by 2027. The top opportunities in the endoscopy devices and equipment market by application will arise in the gastrointestinal endoscopy market, which will gain $3,664.0 million of global annual sales by 2027. The top opportunities in the endoscopy devices and equipment market by end-user will arise in the hospitals market, which will gain $8,411.0 million of global annual sales by 2027. The endoscopy devices and equipment market size will gain the most in the USA at $5,184.4 million.
Market-trend-based strategies for the endoscopy devices and equipment market include use of artificial intelligence (AI) and machine learning, use of single-use endoscope, enhanced visualization technology, innovations in endoscope disinfection technology, 3D imaging technology, advanced robotics technology, wireless endoscopes, dual-channel endoscopes, real-time endoscope visualization systems, wireless capsule endoscopy, improved data management systems and miniaturization of endoscopes.
Player-adopted strategies in the endoscopy devices and equipment industry include enhancing the quality of endoscopic surgery through the launch of new products, providing high-quality imaging and visualization devices through securing regulatory approvals, expanding business capabilities through strategic acquisitions, enhancing business opportunities through the launch of new products and expanding product portfolio through new product launches.
To take advantage of the opportunities, the publisher recommends the endoscopy devices and equipment companies to focus on use of artificial intelligence (AI) and machine learning, focus on 3D imaging technology, focus on enhanced visualization technology, focus on innovations in endoscope disinfection technology, focus on dual-channel endoscopes, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users and focus on fast-growing applications.
The global endoscopy devices and equipment market reached a value of nearly $37,585.5 million in 2022, having increased at a compound annual growth rate (CAGR) of 4.3% since 2017. The market is expected to grow from $37,585.5 million in 2022 to $52,630.7 million in 2027 at a rate of 7.0%. The market is then expected to grow at a CAGR of 6.7% from 2027 and reach $72,826.1 million in 2032.
Growth in the historic period resulted from an increasing prevalence of gastrointestinal diseases, an increasing acceptance of endoscopic procedures, an increased healthcare expenditure and growth in medical tourism. Factors that negatively affected growth in the historic period were challenges due to regulatory changes, an insufficient public health insurance coverage and the COVID-19 pandemic.
Going forward, the rising aging population, increasing incidence of chronic diseases, growing prevalence of obesity and new regulatory approvals will drive the market. Factors that could hinder the growth of the endoscopy devices and equipment market in the future include a lack of skilled professionals, high cost of endoscopy and alternative diagnostic and therapeutic procedures.
The endoscopy devices and equipment market is segmented by product into endoscope, endoscopy operative devices and endoscopy visualization systems. The endoscope market was the largest segment of the endoscopy devices and equipment market by product, accounting for $16,893.1 million or 44.9% of the total market in 2022. The endoscope market is expected to be the fastest-growing segment going forward at a CAGR of 7.1%.
The endoscopy devices and equipment market is segmented by application into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, obstetrics/gynecology endoscopy, ENT endoscopy and other applications. The gastrointestinal endoscopy market was the largest segment of the endoscopy devices and equipment market by application, accounting for $8,974.7 million or 23.9% of the total market in 2022. The laparoscopy market is expected to be the fastest-growing segment going forward at a CAGR of 7.3%.
The endoscopy devices and equipment market is segmented by end-user into hospitals, clinics and other end-user. The hospitals market was the largest segment of the endoscopy devices and equipment market by end-users, accounting for $20,589.7 million or 54.8% of the total market in 2022. The hospitals market is expected to be the fastest-growing segment going forward at a CAGR of 7.1%.
North America was the largest region in the endoscopy devices and equipment market, accounting for 38.5% of the global market in 2022. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the endoscopy devices and equipment market will be Asia Pacific and North America, where growth will be at CAGRs of 7.6% and 7.2% respectively from 2022-2027.
The global endoscopy devices and equipment market is fragmented, with a large number of small players. The top ten competitors in the market made up to 18.56% of the total market in 2021. This can be due to the existence of a number of local players in the market serving customers in particular geographies. Olympus Corporation was the largest competitor with 5.36% share of the market, followed by Boston Scientific Corporation with 3.05%, Stryker Corporation with 2.75%, Fujifilm with 2.48%, Karl Storz SE & Co. KG with 2.28%, Johnson & Johnson with 1.16%, Hoya Corporation with 0.56%, Cook Medical with 0.46%, Smith & Nephew with 0.29%, and Conmed Corporation with 0.16%.
The top opportunities in the endoscopy devices and equipment market by product will arise in the endoscope market, which will gain $6,915.2 million of global annual sales by 2027. The top opportunities in the endoscopy devices and equipment market by application will arise in the gastrointestinal endoscopy market, which will gain $3,664.0 million of global annual sales by 2027. The top opportunities in the endoscopy devices and equipment market by end-user will arise in the hospitals market, which will gain $8,411.0 million of global annual sales by 2027. The endoscopy devices and equipment market size will gain the most in the USA at $5,184.4 million.
Market-trend-based strategies for the endoscopy devices and equipment market include use of artificial intelligence (AI) and machine learning, use of single-use endoscope, enhanced visualization technology, innovations in endoscope disinfection technology, 3D imaging technology, advanced robotics technology, wireless endoscopes, dual-channel endoscopes, real-time endoscope visualization systems, wireless capsule endoscopy, improved data management systems and miniaturization of endoscopes.
Player-adopted strategies in the endoscopy devices and equipment industry include enhancing the quality of endoscopic surgery through the launch of new products, providing high-quality imaging and visualization devices through securing regulatory approvals, expanding business capabilities through strategic acquisitions, enhancing business opportunities through the launch of new products and expanding product portfolio through new product launches.
To take advantage of the opportunities, the publisher recommends the endoscopy devices and equipment companies to focus on use of artificial intelligence (AI) and machine learning, focus on 3D imaging technology, focus on enhanced visualization technology, focus on innovations in endoscope disinfection technology, focus on dual-channel endoscopes, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users and focus on fast-growing applications.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Endoscopy Devices And Equipment Market Segmentation
10. Endoscopy Devices And Equipment Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Competitive Landscape and Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Endoscopy Devices And Equipment Market, Conclusions And Recommendations
22. Appendix
Executive Summary
Endoscopy Devices And Equipment Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global endoscopy devices and equipment market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and fastest-growing market for endoscopy devices and equipment? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The endoscopy devices and equipment market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider endoscopy devices and equipment market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities And Strategies
- Conclusions And Recommendations
- Appendix
Scope
Markets Covered:
1) By Product: Endoscope; Endoscopy Operative Devices; Endoscopy Visualization Systems2) By Application: Bronchoscopy; Arthroscopy; Laparoscopy; Urology Endoscopy; Neuroendoscopy; Gastrointestinal Endoscopy; Obstetrics/Gynecology Endoscopy; ENT Endoscopy; Other Applications
3) By End-User: Hospitals; Clinics; Other End-Users
Companies Mentioned: Olympus Corporation; Boston Scientific Corporation; Stryker Corporation; Fujifilm; Karl Storz SE & Co. KG.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; endoscopy devices and equipment indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Olympus Corporation
- Boston Scientific Corporation
- Stryker Corporation
- Fujifilm
- Karl Storz SE & Co. KG.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 327 |
Published | May 2023 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 37585.5 Million |
Forecasted Market Value ( USD | $ 72826.1 Million |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |