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.