The global endoscopy devices market value was US$ 41.0 billion in 2020. The global endoscopy devices market value is forecast to reach US$ 87.6 billion by 2030, growing at a compound annual growth of 7.9% during the forecast period from 2021-2030.
Endoscopy is a minimally invasive treatment used to diagnose and treat complications associated with the visceral organs. The procedure involves using an endoscope to examine the interior of hollow organs or cavities within the body.
Factors Influencing Market Growth
A rise in the prevalence of diseases that require endoscopy devices and technological innovations in endoscopes are likely to spur growth in the global endoscopy devices market during the forecast period.
A favorable FDA approval & reimbursement policy for endoscopy devices in developed markets, increased patient preference for minimally invasive surgery, shorter recovery time, and minimal post-op complications drive market growth for endoscopy devices.
The lack of trained physicians & endoscopists and infections caused by few endoscopes slow down the market's growth.
The unmet medical needs in developing countries are likely to provide lucrative global market expansion prospects.
Impact Analysis of COVID-19
The COVID-19 pandemic negatively impacts the endoscopy devices market. Endoscopy procedures declined primarily due to decreased hospital patient volumes due to rescheduling and delaying procedures for safety reasons during the COVID-19 pandemic. Additionally, these delays occurred after careful review of the patient's medical history and, if possible, rescheduled endoscopic procedures to reduce exposure to COVID-19 during hospital stays. These factors will also have an impact on the future market for endoscopy devices.
Regional Insights
In 2020, North America had the largest revenue share and dominated the global endoscopy devices market. Due to the growing adoption of advanced technologies, preference for minimally invasive surgeries to reduce overall healthcare spending, and the improvement of the healthcare infrastructure. Another major factor driving the market growth is the rising prevalence of cancer, gastrointestinal disorders, and other chronic diseases in the region.
The Asia Pacific region is forecast to grow significantly over the forecast period. Due to the rise in endoscopy-related technologies in this region, this has resulted in higher demand. Among the other factors are the growing geriatric population and improved health infrastructure. The substantial economic development of the Asia Pacific region is also an important factor that attracts international investments in the region. Furthermore, the region's start-up landscape and the presence of key players are further fostering market growth.
Leading Competitors
The leading prominent companies profiled in the global endoscopy devices market are:
Boston Scientific Corporation
Ethicon Endo-surgery, LLC.
FUJIFILM Holdings Corporation
Karl Storz GmbH & Co. KG
Machida Endoscope Co., Ltd.
Medtronic Plc (Covidien)
Olympus Corporation
PENTAX Medical
Richard Wolf GmbH
Smith & Nephew Inc.
Stryker Corporation
Other Prominent Players
Scope of the Report
The global endoscopy devices market segmentation focuses on Product, Application, End-User, and Region.
Segmentation based on Product
Endoscope
? Rigid Endoscopes
o Laparoscopes
o Urology Endoscopes
o Gynecology Endoscopes
o Arthroscopes
o Cystoscopes
o Neuroendoscopes
o Other Rigid Endoscopes
? Flexible Endoscopes
o GI Endoscopes
? Gastroscopes
? Colonoscopes
? Sigmoidoscopes
? Duodenoscopes
? Others
o ENT Endoscopes
? Nasopharyngoscopes
? Otoscope
? Rhinoscopes
? Laryngoscopes
? Others
o Bronchoscopes
o Other Flexible Endoscopes
? Capsule Endoscopes
? Robot-Assisted Endoscope
Mechanical Endoscopic Equipment
o By Devices
? Endoscopic implants
? Trocars
? Graspers
? Snares
? Biopsy forceps
? Others
o By Therapeutics
? Biopsy (FNA and FNB)
? Polypectomy (ESD and EMR)
? Biliary Stone Management & Drainage
? Hemostasis & Suturing
? Esophageal & Colon Stricture Management
? Gastroesophageal Reflux Disease (GERD) & Obesity
? Others
Visualization & Documentation Systems
o Light Sources
o Camera Heads
o Wireless Display & Monitors
o Endoscopy Cameras
o Carts
o Digital Documentation Systems
o Video Processors & Video Convertors
o Transmitters & Receivers
o Others
Accessories
o Biopsy Valves
o Overtubes
o Mouth Pieces
o Surgical Dissectors
o Needle Holders & Needle Forceps
o Cleaning Brushes
o Light Cables
o Others
Other Endoscopy Equipment
o Insufflators
o Endoscopy Fluid Management Systems
o Other Electronic Endoscopy Equipment
Segmentation based on Application
Bronchoscopy
Arthroscopy
Laparoscopy
Urology Endoscopy
Neuroendoscopy
Gastrointestinal Endoscopy
Gynecology Endoscopy
ENT Endoscopy
Others
Segmentation based on End-User
Hospitals
Ambulatory Surgery Centers & Clinics
Others
Segmentation based on Region
North America
o The U.S.
o Canada
o Mexico
Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
South America
o Brazil
o Argentina
o Rest of South America

Meta Title: Endoscopy Devices Market Share, Industry Analysis, Trends and Forecast Till 2030
Meta Description: The global endoscopy devices market value is forecast to reach US$ 87.6 billion by 2030, growing at a compound annual growth of 7.9% during the forecast period from 2021-2030.
Meta Keywords: Endoscopy Devices Market, Endoscopy Devices Market Share, Endoscopy Devices Market Size, Endoscopy Devices Market Trends, Endoscopy Devices Market Insights