Endoscopy Devices Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

global Endoscopy Devices market size is expected to be worth around US$ 58.7 billion by 2028, according to a new report by Vision Research Reports.

The global Endoscopy Devices market size was valued at US$ 35.19 billion in 2020 and is anticipated to grow at a CAGR of 7.10% during forecast period 2021 to 2028.

Growth Factors

Growing preference for minimally invasive endoscopic procedures, increasing geriatric population, and increase in prevalence of target gynecological, urological, & gastrointestinal diseases are key factors contributing to market growth. Technological advancements in endoscopes and visualization systems are also positively impacting the market.

High demand for endoscopes, visualization systems in diagnostics, and therapeutics for various target diseases plays a vital role in increasing revenue. Growing preference for minimally invasive surgical alternatives, such as laparoscopy, hysteroscopy, and colonoscopy, to open surgeries is reinforcing demand for endoscopic devices. The shift toward minimally invasive procedures can attributed to the associated benefits, such as better patient satisfaction, economic viability, relatively shorter hospital stays, and reduced postsurgical complications. Growth of the market can also be attributed to increasing preference for HD visualization systems by healthcare professionals, due to their better imaging capabilities. They help in diagnosis and treatment of complex diseases, such as cancer, GI disorders, lung disorders, and urinary disorders and are minimally invasive.

Report Highlights

endoscopy visualization systems accounted for the highest revenue share. This can be attributed to increasing preference for HD visualization systems by medical professionals, as they can help in diagnosis & treatment of complex diseases such as cancer, GI disorders, lung disorders, & urinary disorders and during minimally invasive surgical procedures. Manufacturers offering HD visualization systems capable of switching images from 2D to 3D for medical professionals is also creating a positive impact on the market.

The endoscopes segment is expected to grow at a lucrative CAGR of 8.10% over the forecast period. Flexible endoscopes accounted for the highest revenue share in 2020, owing to increasing preference due to better ergonomics, safety, and efficacy over rigid endoscopes. Increased focus of manufacturers on offering training for optimal use of advanced flexible endoscopes is further expected to positively impact the market.

Endoscopy visualization components registered a significant growth in global endoscopy devices market, wherein HD monitors accounted for the highest revenue in 2018. Technological modifications, such as camera heads with optical zoom that allows magnification adjustment without hampering image resolution, and rise in public & private sector investments are among the major factors aiding growth of the global market.

GI endoscopy was the largest application segment and accounted for a revenue share of 54.6%. The increasing burden of GI diseases, coupled with growing geriatric population, is driving the demand for GI endoscopy. GI tumors are the second largest cause of cancer-related deaths worldwide. Endoscopy has proved to be the gold standard for diagnosis of GI cancers. Thus, increase in endoscopic procedures for early diagnosis of GI cancers is expected to offer considerable revenue opportunities in the market.

In addition, introduction of advanced endoscopic techniques in urology, such as robot-assisted endoscopes or disposable endoscopes, is among the top contributing factors driving the market. Moreover, ongoing product approvals by the FDA for urological endoscopy, such as the single-use cystoscope named Uro-V by UroViu Corporation, are expected to drive the market.

hospitals emerged as the largest end-user segment. As hospitals are the primary health system in a majority of countries, the number of endoscopic surgeries undertaken at hospitals is comparatively higher than the other health systems, such as Ambulatory Surgical Centers (ASCs) or specialty clinics. Therefore, the demand for endoscopy devices in hospitals is comparatively higher than that in other end-use segments. Hospitals is expected to maintain its dominance due to the abovementioned factor.

The ASCs segment is expected to grow at a significant growth pace over the forecast period. Increasing preference for outpatient surgeries, increase in minimally invasive surgeries, and cost-effectiveness of ASC-based endoscopic procedures are key factors enabling a lucrative growth of this segment. Conversely, lower postsurgical complications in minimally invasive endoscopic surgery are expected to increase the demand in ASCs. 

North America accounted for a leading revenue share, owing to high prevalence of diseases such as bladder & colon cancers, increase in preference for minimally invasive surgeries, and rise in elderly population. In addition, increasing adoption of robot-assisted endoscopes used for diagnostic and surgical procedures is further contributing to market growth.

Key Players

  • Olympus Corporation

  • Fujifilm Holdings Corporation

  • Ethicon Endo-Surgery, LLC

  • Stryker Corporation

  • Richard Wolf GmbH

  • Boston Scientific Corporation

  • Karl Storz

Market Segmentation

  • Product Outlook 

    • Endoscopes

      • Rigid Endoscopes

        • Laparoscopes

        • Arthroscopes

        • Urology Endoscopes

        • Cystoscopes

        • Gynecology Endoscopes

        • Neuroendoscopes

        • Other Rigid Endoscopes

      • Flexible Endoscopes

        • Upper Gastrointestinal Endoscopes

        • Colonoscopes

        • Bronchoscopes

        • Sigmoidoscopes

        • Laryngoscopes

        • Pharyngoscopes

        • Duodenoscopes

        • Nasopharyngoscopes

        • Rhinoscopes

        • Other Flexible Endoscopes

      • Capsule Endoscopes

      • Disposable Endoscopes

      • Robot Assisted Endoscopes

    • Endoscopy Visualization Systems

      • Standard Definition (SD) Visualization Systems

        • 2D systems

        • 3D systems

      • High Definition (HD) Visualization Systems

        • 2D systems

        • 3D systems

      • Ultrasound Devices

    • Endoscopy Visualization Components

      • Camera Heads

      • Insufflators

      • Light Sources

      • High-definition Monitors

      • Suction Pumps

      • Video Processors

    • Operative Devices

      • Energy Systems

      • Access Devices

      • Suction & Irrigation Systems

      • Hand Instruments

      • Wound Retractors

      • Snares

  • Application Outlook

    • Gastrointestinal (GI) Endoscopy

    • Urology Endoscopy (cystoscopy)

    • Laparoscopy

    • Obstetrics/gynecology Endoscopy

    • Arthroscopy

    • Bronchoscopy

    • Mediastinoscopy

    • Otoscopy

    • Laryngoscopy

    • Other Applications

  • End-use Outlook

    • Hospitals

    • Ambulatory Surgery Centers

    • Other End Uses

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

      • Switzerland

      • Denmark

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

      • New Zealand

      • Thailand

      • Indonesia

      • Malaysia

      • Vietnam

      • Philippines

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • Israel

      • UAE

      • Kuwait

The Endoscopy Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Endoscopy Devices market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Endoscopy Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Endoscopy Devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Endoscopy Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Endoscopy Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Endoscopy Devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Endoscopy Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Endoscopy Devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Endoscopy Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Endoscopy Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Endoscopy Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Endoscopy Devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Endoscopy Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Endoscopy Devices market. These factors have benefited the growth of the global market for Endoscopy Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Endoscopy Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Endoscopy Devices are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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