Endoscope sales on a global scale are anticipated to reach a Market value of US$ 13 billion in 2022 and are projected to grow at a CAGR of 10% to reach US$ 34 billion in 2032.

The demand for Endoscopes increased at a CAGR of 9% from 2015 to 2021, according to Fact.MR, a supplier of market research and competitive information. Increasing desire for less invasive surgical techniques to lessen patient trauma has historically been a key development driver.

The need for endoscopes fluctuated often throughout the COVID-19 epidemic. Due to the strict lockdowns implemented to stop the virus’s spread, there was a substantial scarcity at the time the sickness first appeared. Demand-supply imbalance was caused by production shortages and industrial closures. In the end, though, the outlook seemed favourable given the growing need to scan sick individuals and recommend the best course of action.

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Key Segments Covered in the Endoscopes Market Report

By Product

• Rigid Endoscopes
• Laparoscopes
• Arthroscopes
• Other Rigid Endoscopes
• Urology Endoscopes
• Cystoscopes
• Gynaecology Endoscopes
• Neuroendoscopes
• Flexible Endoscopes
• Upper Gastrointestinal Endoscopes
• Rhinoscope
• Bronchoscopes
• Duodenoscopes
• Nasopharyngoscopes
• Colonoscopes
• Sigmoidoscopes
• Laryngoscopes
• Pharyngoscopes
• Other Flexible Endoscopes
• Capsule Endoscopes
• Disposable Endoscopes
• Robot Assisted Endoscopes

By Application

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

By End Use

• Ambulatory Surgery Centers/Clinics
• Hospitals
• Other End Uses

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Competitive Landscape

In January 2021, Olympus Corp completed the acquisition of Quest Photonic devices. The company is focusing on offering and inventing endoscopes to provide better treatments to patients.

Key Companies Profiled:

• Olympus Corp.
• Richard Wolf Medical Instruments
• CONMED Corp.
• Ethicon US, LLC
• FUJIFILM Holdings Corp.
• Medtronic
• Stryker
• Boston Scientific Corp.
• PENTAX Medical
• Karl Storz GmbH & Co., KG

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Gastrointestinal Disorders Surging Demand for Endoscopes in North America?

The market for endoscopes is expanding in North America due to rising use of elective endoscopic operations, better healthcare spending, and the large senior population. The increased incidence of functional gastrointestinal problems and cancer in the United States is also anticipated to increase demand for endoscopes.

For instance, the American Cancer Society predicts that in 2021 there will be around 1.9 million new cancer cases identified in the United States. Therefore, it is anticipated that North America will account for more than 40% of the global endoscope market throughout the evaluation year.

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