Global Endoscopy Equipment Market

Market Overview

The global endoscopy equipment market in terms of revenue grew at a CAGR of 7.9% from USD 39,401 million in 2020 to USD 49,510 million in 2023. This trend is expected to continue in the coming years with the global endoscopy equipment market expected to grow at a CAGR of 7.6% from 2023 to 2028, reaching USD 71,533 million in 2028. The endoscopy devices market is expected to witness significant growth in the forecast period due to several market drivers. The rise in preference for minimally invasive surgeries over open, invasive surgeries has led to an increased demand for endoscopic procedures, which has driven the growth of the endoscopy devices market. Technological advancements in endoscopy techniques such as chromoendoscopy, narrow-band imaging (NBI), and endoscopic retrograde cholangiopancreatography (ERCP) have facilitated the early diagnosis of diseases and thus are driving the market growth. Additionally, the increasing incidence rate of diseases requiring endoscopy procedures, such as cancer, neurological, orthopedic, and gastroesophageal reflux disorder (GERD), is expected to drive market growth. Favorable reimbursement policies, FDA approvals, and the adoption of innovative endoscopy procedures with advanced visualization systems are anticipated to further boost the market growth of endoscopy devices.

The valuation of the Flexible segment in 2022 stood at USD 22,319 million, and it is projected to reach USD 39,070 million by 2028. Furthermore, the Capsule segment is anticipated to exhibit the highest compound annual growth rate (CAGR) of 9.9% during the forecast period from 2023 to 2028. Market growth is primarily driven by several factors, including the global increase in the elderly population, the rising prevalence of conditions such as cancer, diabetes, and obesity, and the growing preference among patients for minimally invasive surgical procedures. Additionally, the prospect of shorter hospital stays, quicker recoveries, and reduced medical expenses is expected to further propel this growth. However, challenges such as the scarcity of skilled endoscopic technicians, substantial initial investments, the risk of contamination, and concerns regarding patient safety during endoscopic procedures present potential threats to the market’s expansion.

Currently, North America holds the largest share of the global endoscopy equipment market, followed by Europe and Asia Pacific. However, the growth in the endoscopy market is expected to focus on the fast-growing Asian region. The Asia Pacific region has witnessed a growing demand for endoscopy equipment in recent years due to the increased prevalence of gastrointestinal diseases and the rising awareness of early disease detection. However, the market growth is hindered by high costs associated with the installation and maintenance of endoscopy equipment. Despite this challenge, the leading countries in the region, which include China, Japan, and South Korea, have consistently shown a preference for flexible scopes and minimally invasive surgeries. This trend can be attributed to the numerous benefits of these procedures, such as reduced recovery time, minimal scarring, and lower risk of infection. Additionally, the increasing adoption of technological advancements, such as robotic-assisted endoscopy, has further fueled the demand for endoscopy equipment in the Asia Pacific region.

In 2022, according to the Tanalyze Ltd. Analysis, the global Endoscopy Equipment market was dominated by five key players: Olympus Corporation, Johnson & Johnson, Boston Scientific Corporation, Karl Storz SE & Co. KG, and Medtronic plc. These companies collectively held a market share of over 65%. Additionally, other prominent companies in this industry included Ambu A/S, B. Braun Melsungen AG, ConMed Corporation, Arthrex, Inc., Richard Wolf GmbH, Hoya Corporation, Fujifilm Corporation, Stryker Corporation, Smith & Nephew, Inc., CapsoVision, Inc., and STERIS plc.

This study aims to analyze the global market for various segments of endoscopy equipment, including:
Application: Laparoscopy, Arthroscopy, GI Endoscopy (Gastrointestinal Endoscopy), Urology Endoscopy, ENT Endoscopy (Ear, Nose, and Throat Endoscopy), Gynecology Endoscopy, Pulmonology, and Neurology.
Product Type: Flexible, Rigid, and Capsule.
End-User: Hospitals, Diagnostic Laboratories, and Others.
Region: North America, Europe, Asia Pacific, Rest of World.

Furthermore, the report also analyzed the endoscopy equipment applications, product, and end-user markets of the North America, Europe, Asia Pacific, and Rest of World regions. It conducted market research on key countries within each region, such as the United States in North America, the United Kingdom, France, and Germany in Europe, and Japan, China, India, Australia, and Malaysia in the Asia Pacific region, specifically focusing on the Endoscopy Equipment market.

Table of Contents

TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 6
Part 1. Key Findings 10
Part 2. Scope and Methodology 12
Report Scope 13
Application 13
Product Type 13
End-User 13
Region 13
Research Methodology 14
Part 3. Endoscopy Equipment Market Overview 16
Summary 16
Introduction 18
Part 4. Market Dynamics 23
Growth Drivers and Future Trends 23
Restraints and Challenges 33
Opportunities 41
Part 5. Technological Development 47
Part 6. Global Endoscopy Equipment Market by Application 55
Laparoscopy 56
Urology Endoscopy 57
Arthroscopy 57
GI Endoscopy 59
ENT Endoscopy 60
Gynecology Endoscopy 61
Neurology Endoscopy 62
Part 7. Global Endoscopy Equipment Market by Product Type 64
Rigid Endoscopy Outlook 67
Rigid Endoscopy Key Drivers 68
Flexible Endoscopy Outlook 69
Flexible Endoscopy Key Drivers 70
Capsule Endoscopy Outlook 72
Part 8. Global Endoscopy Equipment Market by End-User 74
Part 9. Global Endoscopy Equipment Market by Region 76
North America 79
Europe 81
Asia Pacific 82
Part 10. Global Endoscopy Equipment Market by Distribution Channel 85
Part 11. North America Endoscopy Equipment Market 87
Endoscopy Equipment Market Overview 89
Endoscopy Equipment Market by Application 91
Endoscopy Equipment Market by Product Type 94
Endoscopy Equipment Market by End-User 97
Endoscopy Equipment Market by Country 100
Part 12. Europe Endoscopy Equipment Market 102
Endoscopy Equipment Market Overview 104
Endoscopy Equipment Market by Application 107
Endoscopy Equipment Market by Product Type 110
Endoscopy Equipment Market by End-User 114
Endoscopy Equipment Market by Country 118
Part 13. Asia Pacific Endoscopy Equipment Market 122
Endoscopy Equipment Market Overview 123
Endoscopy Equipment Market by Application 126
Endoscopy Equipment Market by Product Type 128
Endoscopy Equipment Market by End-User 131
Endoscopy Equipment Market by Country 134
Part 14. Rest of World (RoW) Endoscopy Equipment Market 142
Endoscopy Equipment Market Overview 143
Endoscopy Equipment Market by Application 144
Endoscopy Equipment Market by Product Type 146
Endoscopy Equipment Market by End-User 148
Endoscopy Equipment Market by Region 150
Part 15. Competitive Analysis 151
Competition Overview 151
Recent Developments 153
Olympus Corporation 157
Business Overview 157
Endoscopic Solutions 159
Contact Information 160
Johnson & Johnson 161
Business Overview 161
Contact Information 163
Karl Storz SE & Co. KG 164
Business Overview 164
Contact Information 164
Boston Scientific Corporation 165
Business Overview 165
Endoscopy 167
Contact Information 169
Medtronic plc 170
Business Overview 170
Gastrointestinal and Endoscopy Products 172
Contact Information 173
Ambu A/S 174
Business Overview 174
Endoscopy Solutions 176
Contact Information 178
B. Braun Melsungen AG 179
Business Overview 179
Contact Information 181
ConMed Corporation 182
Business Overview 182
Contact Information 184
Arthrex, Inc. 185
Business Overview 185
Contact Information 185
Richard Wolf GmbH 186
Business Overview 186
Contact Information 186
Hoya Corporation 187
Business Overview 187
Contact Information 188
Fujifilm Corporation 189
Business Overview 189
Contact Information 191
Stryker Corporation 192
Business Overview 192
Endoscopy 195
Contact Information 196
Smith & Nephew, Inc. 197
Business Overview 197
Contact Information 199
CapsoVision, Inc. 200
Business Overview 200
Capsule Endoscopy 200
Contact Information 200
STERIS plc 201
Business Overview 201
Endoscopy 204
Contact Information 204
Part 16. Market Prospects 205
Disclaimer 216
FIGURES AND TABLES
Global Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
Global Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
Global Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
Global Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
Global Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
Global Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
Global Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
Global Endoscopy Equipment Market Share by Region, 2022
Global Endoscopy Equipment Market by Region, 2020-2028 (USD Million)
Global Endoscopy Equipment Market by Region, CAGR Historic and Forecast, 2020-2028
Global Endoscopy Equipment Market Share, by Distribution Channel, 2022
North America Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
North America Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
North America Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
North America Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
North America Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
North America Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
North America Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
North America Endoscopy Equipment Market Share by Country, 2022
Europe Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
Europe Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
Europe Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
Europe Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
Europe Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
Europe Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
Europe Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
Europe Endoscopy Equipment Market Share by Country, 2022
Asia Pacific Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
Asia Pacific Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
Asia Pacific Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
Asia Pacific Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
Asia Pacific Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
Asia Pacific Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
Asia Pacific Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
Asia Pacific Endoscopy Equipment Market Share by Country, 2022
Rest of World (RoW) Endoscopy Equipment Market, Net Growth, 2020-2028 (USD Million)
Rest of World Endoscopy Equipment Market by Application, 2020-2028 (USD Million)
Rest of World Endoscopy Equipment Market by Application, CAGR Historic and Forecast, 2020-2028
Rest of World Endoscopy Equipment Market by Product Type, 2020-2028 (USD Million)
Rest of World Endoscopy Equipment Market by Product Type, CAGR Historic and Forecast, 2020-2028
Rest of World Endoscopy Equipment Market by End-User, 2020-2028 (USD Million)
Rest of World Endoscopy Equipment Market by End-User, CAGR Historic and Forecast, 2020-2028
Rest of World Endoscopy Equipment Market Share by Region, 2022
Global Endoscopy Equipment Market Share, by Top Company, 2022
Top Endoscopy Equipment Company Segments
Olympus Corporation Financial Overview (JPY Million)
Olympus Corporation Revenue, by Segment, 2023
Olympus Corporation Revenue, by Region, 2023
Olympus Corporation Endoscopic Solutions Revenue (JPY Million)
Olympus Corporation Endoscopic Solutions Revenue, by Region, 2023
Johnson & Johnson Financial Overview (USD Million)
Johnson & Johnson Revenue, by Segment, 2022
Johnson & Johnson Revenue, by Region, 2022
Boston Scientific Corporation Financial Overview (USD Million)
Boston Scientific Corporation Revenue, by Segment, 2022
Boston Scientific Corporation Revenue, by Region, 2022
Boston Scientific Corporation Endoscopy Product Offerings
Boston Scientific Corporation Endoscopy Revenue (USD Million)
Boston Scientific Corporation Endoscopy Revenue, by Region, Nine Months Ended September 30,2023
Medtronic plc Financial Overview (USD Million)
Medtronic plc Revenue, by Segment, 2023
Medtronic plc Revenue, by Region, 2023
Medtronic plc Respiratory, Gastrointestinal, & Renal Revenue (USD Million)
Ambu A/S Financial Overview (DKK Million)
Ambu A/S Revenue, by Segment, 2023
Ambu A/S Revenue, by Region, 2023
Ambu A/S Endoscopy Solutions Revenue (DKK Million)
Ambu A/S Endoscopy Solutions Revenue, by Type, 2023
Ambu A/S Endoscopy Solutions Revenue, by Region, 2023
B. Braun Melsungen AG Financial Overview (EUR Million)
B. Braun Melsungen AG Revenue, by Segment, 2022
B. Braun Melsungen AG Revenue, by Type, 2022
B. Braun Melsungen AG Revenue, by Region, 2022
ConMed Corporation Financial Overview (USD Million)
ConMed Corporation Revenue, by Segment, 2022
ConMed Corporation Revenue, by Region, 2022
Hoya Corporation Financial Overview (USD JPYillion)
Fujifilm Corporation Financial Overview (JPY Billion)
Fujifilm Corporation Revenue, by Segment, 2023
Fujifilm Corporation Revenue, by Region, 2023
Stryker Corporation Financial Overview (USD Million)
Stryker Corporation Revenue, by Segment, 2022
Stryker Corporation Revenue, by Product, 2022
Stryker Corporation Revenue, by Region, 2022
Stryker Corporation Endoscopy Revenue (USD Million)
Stryker Corporation Endoscopy Revenue, by Region, 2022
Smith & Nephew, Inc. Financial Overview (GBP Million)
Smith & Nephew, Inc. Revenue, by Segment, 2022
Smith & Nephew, Inc. Revenue, by Region, 2022
STERIS plc Financial Overview (USD Million)
STERIS plc Revenue, by Segment, 2023
STERIS plc Revenue, by Type, 2023
STERIS plc Revenue, by Region, 2023