Overview

Endoscopes Market is estimated to value at a CAGR of over 8% during the forecast period 2022 to 2028.

Growing geriatric population, increasing prevalence of appalling diseases like cancer, cardiovascular disease, diabetes and rising awareness regarding the advantages of minimally invasive surgical procedures over invasive surgeries and technological advancements are some crucial factors responsible for the endoscopes market growth. The rising demand for minimally invasive procedures has increased the adoption of endoscopic processes for diagnosis like gastroscopy, cystoscopy and proctoscopy. These surgical procedures inflict less pain, reduced recovery time along with risk reduction. According to the WHO, cancer is one of the leading causes across the world, with over 9 million deaths in 2018. The introduction of endoscopic bariatric surgeries like endoscopic sleeve gastroplasty shall bolster the proliferation of the market to a certain extent.

Endoscopes Market Segmentation:

By Product
• Rigid Endoscopes
o Laparoscopes
o Arthroscopes
o Urology Endoscopes
o Cystoscopes
o Gynecology Endoscopes
o Neuroendoscopes
o Other Rigid Endoscopes
• Flexible Endoscopes
o Upper Gastrointestinal Endoscopes
o Colonoscopes
o Bronchoscopes
o Sigmoidoscopes
o Laryngoscopes
o Pharyngoscopes
o Duodenoscopes
o Nasopharyngoscopes
o Rhinoscopes
o Other Flexible Endoscopes
• Capsule Endoscopes
• Disposable Endoscopes
• Robot Assisted Endoscopes
By Application
• Gastrointestinal (GI) Endoscopy
• Laparoscopy
• Obstetrics/Gynecology Endoscopy
• Arthroscopy
• Urology Endoscopy (Cystoscopy)
• Bronchoscopy
• Mediastinoscopy
• Otoscopy
• Laryngoscopy
• Other Applications
By End-User
• Hospitals
• Ambulatory Surgery Centers/Clinics
• Other End Users
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

The market is diversified into product, application, end user and region. The product segment is fragmented into rigid endoscopes, flexible endoscopes, capsule endoscopes, disposable endoscopes and robot assisted endoscopes. The flexible endoscopes segment predicted to hold the largest endoscopes market share owing to their ergonomic features that are efficient and safe, technological advancements in medical optics. The application segment is categorised into GI endoscopy, laparoscopy, gynaecology, arthroscopy, urology, bronchoscopy, mediastinoscopy and others. The gastrointestinal endoscopy segment is predicted to lead the market, and this is primarily due to a rise in the number of gastroscopies, rising acceptance of endoscopes for diagnosing and treatment of GI diseases. As per the CDC, in 2015, over 14 million people in the United States were identified with ulcers. Such a growing prevalence of GI diseases shall increase the adoption of endoscopes, boosting the market growth. The end user segment is categorised into hospitals, ambulatory surgery centres and others.

Regional Analysis:

The North America region is predicted to dominate the market owing to advancements in the healthcare infrastructure, higher acceptance of novel technologies and growing awareness regarding the benefits of minimally invasive surgeries. Furthermore, a strong presence of major market players in the region shall boost the market growth.

Competitive Landscape:

Some of the major market players are Olympus, Richard Wolf GmbH, Fujifilm Holdings Corporation, Karl Storz, Ethicon US, LLC, Boston Scientific Corporation, Stryker, PENTAX Medical, Medtronic

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global endoscopes market by product, by application, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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