Endoscopes Market Size Worth $43.70 Billion By 2032 | CAGR: 8.6%

The global endoscopes market size is expected to reach USD 43.70 billion by 2032, according to a new study by Polaris Market Research. The report “Endoscopes Market Share, Size, Trends, Industry Analysis Report, By Product (Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, and Robot Assisted Endoscopes); By Usability; By Application; By End-user; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for endoscopes is expanding owing to the rising incidence of chronic medical conditions and an increasing number of endoscopic procedures across the world. Moreover, the presence of a large patient population pool suffering from various types of cancers requiring endoscopic examination will significantly contribute to the market growth throughout the forecast period. For instance, according to the Cancer Facts & Figures Report 2023 by the American Cancer Society, in 2023, the estimated number of new cases suffering from digestive system-related disorders in the U.S. was 348,840, compared to 343,040 in 2022.

The market is predicted to grow as a result of the expansion of endoscopy units and the increasing emphasis of hospitals on investing in the purchase of cutting-edge endoscopic equipment. Moreover, the endoscopes market demand is also driven by an increase in product approvals for endoscopic procedures and the rapid growth in the screening rate for various cancers. For instance, in August 2023, PENTAX Medical received U.S. FDA clearance for two innovations, including the i20c video endoscope series and PENTAX Medical INSPIRA, a premier 4K video processor.

Favorable reimbursement policies and the growing popularity of robotic-assisted endoscopic procedures are anticipated to drive market expansion in the upcoming years. Moreover, the emergence of technologically advanced and sustainable endoscopic products will support long-term market growth. Furthermore, rising awareness related to early checking and screening of gastrointestinal diseases in developing countries will prove beneficial for market growth.  

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Endoscopes Market Report Highlights

• The flexible endoscopes segment dominated the market, owing to the high effectiveness of these endoscopes for the detection & treatment of GI cancer.
• The disposable segment accounted for the largest share, owing to the recommendations by the U.S. FDA to shift towards single-use endoscopes.
• The gastrointestinal (GI) endoscopy segment held the largest market share, owing to the growing number of patients suffering from gastrointestinal disorders.
• The ambulatory surgical centers segment is anticipated to witness the highest growth, owing to the rising demand for therapeutic endoscopic procedures.
• North America dominated the endoscopes market, owing to the presence of a large patient pool suffering from gastrointestinal cancers and an increasing rate of diagnosis.
• The market players include Olympus Corporation, Ethicon, Stryker, Boston Scientific, & Karl Storz.

Polaris Market Research has segmented the endoscopes market report based on product, usability, application, and end-user, and region:

Endoscopes, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Rigid Endoscopes
  • Laparoscopes
  • Arthroscopes
  • Urology Endoscopes
  • Cystoscopes
  • Gynecology Endoscopes
  • Neuro Endoscopes
  • Others
• Flexible Endoscopes
  • Upper Gastrointestinal Endoscopes
  • Colonoscopes
  • Bronchoscopes
  • Sigmoidscopes
  • Laryngoscopes
  • Pharyngoscopes
  • Duodenoscopes
  • Nasopharyngoscopes
  • Rhinoscopes
  • Others
• Capsule Endoscopes
• Robot Assisted Endoscopes

Endoscopes, Usability Outlook (Revenue - USD Billion, 2019 - 2032)

• Disposable
• Reusable

Endoscopes, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Gastrointestinal (GI) Endoscopy
• Laparoscopy
• Obstetrics/Gynecology Endoscopy
• Arthroscopy
• Urology Endoscopy
• Bronchoscopy
• Mediastinoscopy
• Otoscopy
• Laryngoscopy
• Others

Endoscopes, End-user Outlook (Revenue - USD Billion, 2019 - 2032)

• Hospitals
• Ambulatory Surgical Centers
• Others

Endoscopes, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Endoscopes Market Report Scope