The growth of endoscopy devices market is attributed to growing preference for minimally invasive surgical procedures, R&D activities and growing prevalence of diseases and conditions that demand endoscopic procedures. In the coming future, the endoscopy devices market is expected to undergo rapid growth in Asia-Pacific, Latin America and Middle East and Africa regions. High growth in these regions is attributed to growing government expenditure on healthcare infrastructure, and capital investments in emerging economies. The dominance of North America and Europe is majorly attributed to favorable reimbursement policies, high incidence of chronic conditions, and rapid adoption of new technologies. On the other hand, lack of skilled endoscopists may hold the growth of this market. This report studies the global endoscopy devices market in terms of products and geographic distribution. The major product segments studied are, rigid endoscopes, flexible endoscopes, endoscopy visualization systems, endoscopic reprocessors, capsule endoscopes, endoscopy fluid management systems and other instruments.

Market size and forecast for these each device segment, regional and country level markets are presented in this study for the period 2014-2023. Market growth rates for the forecast period 2016-2023 are also included in this report, considering 2015 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global endoscopy devices market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global endoscopy devices market. This report concludes with company profiles section that highlights major information about the key players engaged in endoscopy devices market.

DeviceType Segmentation Investigation

Endoscopy devices used in surgical procedures comprise the largest revenue generating segments. Between rigid and flexible endoscopes, flexible endoscopes segment will undergo the fastest growth during the forecast period. Visualization systems, delivering both 2-D and 3-D image delivery has been the most important segment to watch for in the overall endoscopy devices market. Endoscopes that could be paired in robotic surgeries and capsule endoscopes will undergo the fastest growth during the forecast period.  

Based on geography, the global endoscopy devices market is currently led by North America and Europe, together taking approximately half market share in terms of revenue. Domicile of major market players in this region and rapid adoption of latest treatment technologies are the prime characteristics of these regions. Moreover, higher prevalence of geriatric population and thus the associated high risk diseases such as GI cancer, colon cancer, need for quicker recovery period, mitigation of risk of infection and others has further led to realization to the need for endoscopy devices. It is anticipated that the growth of endoscopy devices will be much higher in Asia and Middle East regions. Medical tourism has been significantly responsible for the higher CAGRs in Asia-Pacific, Latin America and Middle East and Africa markets. Growing medical tourism, swift development of healthcare infrastructure and growing awareness are the major drivers facilitating the growth of endoscopy devices in Asia-Pacific, Middle East and Africa, and Latin America markets.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Endoscopy Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Endoscopy Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Endoscopy Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Endoscopy Devices market?
• Which is the largest regional market for Endoscopy Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Endoscopy Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Endoscopy Devices market worldwide?