Endoscopy Devices: Industry Overview 2023-2030

 Endoscopy Devices Industry | Forecast 2030

Endoscopy Devices Industry Data Book - Endoscopes, Endoscopy Visualization System, Endoscopy Visualization Component And Operative Devices Market

The global endoscopy devices market was valued at USD 50.8 Billion in 2022 and is anticipated to grow at a CAGR of 7.5% over the forecast period. The market growth is attributed to the presence of cost-effective pre and post-procedures and increasing awareness regarding the minimal invasive properties of the devices. COVID-19 has impacted the market negatively as the number of endoscopic procedures reduced owing to the postponed and canceled elective and semi-urgent procedures. However, the increasing geriatric population, coupled with the rising burden of chronic diseases, is anticipated to drive the market. Furthermore, increasing the preference for disposable endoscopic equipment reduce the possibility of cross-contamination is anticipated to drive the market over the forecast period.

 

Access the Global Endoscopy Devices Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

 

North America held the largest share of over 40% in 2022, owing to the presence of well-developed healthcare infrastructure and rising adoption of minimally invasive procedures. Additionally, the rising geriatric population coupled with the increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, along with gastrointestinal disorders is driving the market. According to the Heart and Stroke Foundation of Canada, 100,000 people are diagnosed with heart failure every year, and currently, 750,000 people living in the region have suffered from heart failure.

 

Endoscopes Market Insights

The global endoscopes market size was valued at USD 20.3 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2030. The rise in prevalence of chronic disorders and growing awareness about early detection of diseases through minimally invasive surgical procedures are some of the major factors anticipated to drive endoscopy market growth over the forecast years. Furthermore,increasing FDA approvals for endoscopic devices and favorable reimbursement policies are also expected to boost the growth of the market. For instance, in 2021, the United States Food and Drug Administration granted 510(k) clearance to EndoFresh’s disposable digestive endoscopy system, a device developed to reduce the chance of contamination in gastrointestinal procedures.

 

Order your copy of the Free Sample of “Endoscopy Devices Industry Data Book - Endoscopes, Endoscopy Visualization System, Endoscopy Visualization Component And Operative Devices Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030, published by Grand View Research

 

Endoscopy Visualization Systems Market Insights

The global endoscopy visualization systems market size was valued at USD 21.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. Endoscopy is a minimally invasive procedure used for the examination of the internal organs in the body. Visualization systems with advanced technologies can provide superior image quality, which makes them very important in the medical field. In recent years, endoscopic procedures have emerged as a potential adjunctive tool in various medical specialties such as general surgery, gastrointestinal, urology, and others. According to the Centers for Disease Control and Prevention, around 494,000 hysterectomies are performed in the U.S. annually. Approximately 80.0% of the surgeries are done laparoscopically or robotically. Thus, shift towards minimally invasive surgeries and increasing prevalence of cancer, thereby fueling the market growth.

 

Endoscopy Devices Industry Segmentation

Endoscopy Devices Industry, By Type (Revenue, USD Million, 2018 - 2030)

  • Endoscopes
  • Endoscopy Visualization System
  • Endoscopy Visualization Component
  • Operative Devices

 

Endoscopy Devices Industry, By End-use (Revenue, USD Million, 2018 - 2030)

  • Hospitals
  • Outpatient Facilities

 

 

Go through the table of content of Endoscopy Devices Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

Table of Contents

Chapter 1. Methodology and Scope

      1.1. Market Segmentation & Scope

         1.1.1. Type

         1.1.2. Sources

         1.1.3. Regional scope

         1.1.4. Estimates and forecast timeline

      1.2. Research Methodology

      1.3. Information Procurement

         1.3.1. Purchased database

         1.3.2. GVR’s internal database

         1.3.3. Secondary sources

         1.3.4. Primary research

         1.3.5. Details of primary research

             1.3.5.1. Data for primary interviews in North America

             1.3.5.2. Data for primary interviews in Europe

             1.3.5.3. Data for primary interviews in Asia Pacific

             1.3.5.4. Data for primary interviews in Latin America

             1.3.5.5. Data for Primary interviews in MEA

      1.4. Information or Data Analysis

         1.4.1. Data analysis models

      1.5. Market Formulation & Validation

      1.6. Model Details

         1.6.1. Commodity flow analysis (Model 1)

             1.6.1.1. Approach 1: Commodity flow approach

         1.6.2. Volume price analysis (Model 2)

             1.6.2.1. Approach 2: Volume price analysis

      1.7. List of Secondary Sources

      1.8. List of Primary Sources

      1.9. Objectives

         1.9.1. Objective 1

         1.9.2. Objective 2

 

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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