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Global Endoscopy equipment and software Market Analysis by Product, Application, End-User, Region and segments forecast till 2033
Market Overview
The global Endoscopy equipment and software market was worth USD 27, 429.10 million in 2022 and is anticipated to amplify at a CAGR of 6.2%, thereby amassing USD 39,351.20 million by end of the analysis forecast.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 27, 429.10 Million |
Market Forecast in 2033 | USD 39,351.20 Million |
CAGR % 2023-2033 | 6.2% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Global Endoscopy equipment and software market- Description
Endoscopy is referred to as a non-surgical medical procedure used to examine a persons internal organ or tissue in detail. The process involves the insertion of a long and flexible tube with a light and camera attached to it. The entire procedure takes around 3-5 minutes to complete. It is predominantly used to investigate symptoms related to the digestive system such as abdominal pain, vomiting, nausea, and gastrointestinal bleeding. There are various devices and software adopted for the clinical process namely endoscopes, endoscopy cameras, transmitters & receivers, wireless display & monitors, and insufflators, among others.
The rising prevalence of gastrointestinal disorders, surging geriatric population, and increase in the number of hospitals worldwide are primarily augmenting the industry outlook. Additionally, escalating demand for minimally invasive medical procedures and technological advancements in the healthcare sector are adding momentum to the market progression. However, high costs pertaining to endoscopic procedures and lack of favorable reimbursement scenarios in various regions are likely to impede the growth of this industry vertical.
The COVID-19 pandemic had an adverse impact on the development of endoscopy equipment and software market. This was credited to a major decline in the number of patients due to the delaying and rescheduling of endoscopic procedures to minimize the risk of COVID-19 transmission.
Endoscopy equipment and software market- Key trends
Rising preferences for minimally invasive medical procedures to aid market expansion
Endoscopy is a minimally invasive procedure which involves small incisions using tiny cameras and thin tubes. People generally prefer non-invasive or minimally invasive surgeries or clinical procedures as they are painless, safe, and time saving in nature. Moreover, endoscopy is also covered by health insurance providers across developed economies which in turn is acting as a catalyst for the overall market growth.
Booming healthcare vertical in developing economies to augment industry outlook
Nations such India, China, South Africa, Russia, and Brazil are among the rapidly growing economies in the world. With population expansion, these economies presently account for the highest number of patients. This in turn has encouraged prominent industry players to strengthen their presence in these nations. Moreover, government and private entities across these countries are taking favorable initiatives to facilitate further developments in the medical industry.
Global Endoscopy equipment and software market- Segment analysis
By Product
Endoscopes
o Flexible
o Rigid
o Capsule
o Robot-Assisted
o Others
Visualization & Documentation Systems
Electronic Endoscopic Equipment
Mechanical Endoscopic Equipment
Software
Accessories
Others
The endoscopes segment is slated to capture a high revenue share over the estimated timeline ascribing to a rapid increase in elderly population, rising burden of various diseases, and widespread adoption of technologically advanced medical devices.
By Application
Bronchoscopy
Arthroscopy
Laparoscopy
Urology Endoscopy
Neuroendoscopy
Gastrointestinal Endoscopy
Gynecology Endoscopy
ENT Endoscopy
Others
The laparoscope segment is poised to garner significant gains over 2023-2033 owing to the growing cases of morbid obesity and rise in the use of laparoscopic devices in diagnosis and therapeutic procedures related to pancreatic cancer and prostatectomy.
By End User
Hospitals
Ambulatory Surgery Center
Diagnostic Center
Clinics
Others
The hospitals segment is expected to amplify with a substantial CAGR over the stipulated timeframe attributing to rise in the number of surgeries across the globe.
Global endoscopy equipment and software market- Geographical landscape
Considering the geographical ambit, the business sphere is divided into North America, Middle East & Africa, Latin America, Europe, and Asia Pacific. Among these, North America is presently leading the market in terms of revenue share and is likely to showcase similar growth trends in the coming years. This is attributed to the favorable reimbursement policies pertaining to endoscopy, rising prominence of cancer, and massive developments in the healthcare sector.
Global endoscopy equipment and software market- Recent Developments
In 2021, Olympus Corporation announced the acquisition of Netherland based Quest Innovations B.V. This decision was aimed towards the further amplification of Olympus endoscopic product portfolio.
In 2020, Olympus Corporation launched a new endoscopy system that uses artificial intelligence (AI) to improve the accuracy and efficiency of endoscopic procedures.
In 2021, Fujifilm Holdings Corporation announced the acquisition of Irvine Scientific Sales Company, Inc., a leading provider of cell culture media, to strengthen its healthcare business.
In 2022, Karl Storz GmbH & Co. KG introduced a new endoscopy system that combines 3D imaging and fluorescence imaging to improve the accuracy of surgical procedures.
Global Endoscopy equipment and software market: Key Companies
B. Braun
Boston Scientific Corporation
CONMED Corporation
Cook Medical, Ethicon, Inc.
Fujifilm Holdings Corporation
HOYA Corporation
Johnson & Johnson Services, Inc.
Medtronic Plc.
KARL STORZ SE & Co. KG
Olympus Corporation
Smith & Nephew
Others
Global Endoscopy equipment and software market: Regional Scope
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East and Africa
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. ENDOSCOPY EQUIPMENT AND SOFTWARE Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Scope and Market Estimation
1.4.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. ENDOSCOPY EQUIPMENT AND SOFTWARE Market Segmentation
1.5.1. Product of Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market
1.5.2. Application of Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market
1.5.3. End User of Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market
1.5.4. Key Regions of Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market
2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market - Executive Summary
2.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Summary & Snapshot
2.2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By Product (US$ Million)
2.3. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By Application (US$ Million)
2.4. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By End User (US$ Million)
2.5. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By Geography (US$ Million)
2.6. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Outlook & Future Opportunities
3. ENDOSCOPY EQUIPMENT AND SOFTWARE Market Trends, Outlook, and Factors Analysis
3.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. ENDOSCOPY EQUIPMENT AND SOFTWARE Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Endoscopy is becoming increasingly important for diagnosing and treating specific diseases.
3.2.1.2. Governments and other organizations are increasing their investments, cash, and grants to strengthen healthcare infrastructure and research in the field of endoscopy.
3.2.2. Restraints
3.2.2.1. Endoscopy operations have high overhead expenses, and reimbursement in developing countries is limited.
3.2.2.2. Infections caused by few endoscopes
3.2.3. Opportunities
3.2.3.1. Booming healthcare sector in emerging economies
3.2.3.2. Unmet medical demands in developing countries
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of ENDOSCOPY EQUIPMENT AND SOFTWARE Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of ENDOSCOPY EQUIPMENT AND SOFTWARE Market
3.9.1. By Product
3.9.2. By Application
3.9.3. By End User
3.9.4. By Regions
4. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, 2020 2021 (US$ Million)
4.2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By Product, 2020 to 2021 (US$ Million)
4.3. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By Application, 2020 to 2021 (US$ Million)
4.4. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By End User, 2020 to 2021 (US$ Million)
4.5. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market, By Region, 2020 to 2021 (US$ Million)
5. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Estimates & Forecast Trend Analysis, by Product
5.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, by Product, 2022 & 2033
5.2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Revenue (US$ Million) Estimates and Forecasts, by Product, 2022 to 2033
5.2.1. Endoscopes
5.2.1.1. Flexible
5.2.1.2. Rigid
5.2.1.3. Capsule
5.2.1.4. Robot-Assisted
5.2.1.5. Others
5.2.2. Visualization & Documentation Systems
5.2.3. Electronic Endoscopic Equipment
5.2.4. Mechanical Endoscopic Equipment
5.2.5. Software
5.2.6. Accessories
5.2.7. Others
6. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Estimates & Forecast Trend Analysis, by Application
6.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
6.2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
6.2.1. Bronchoscopy
6.2.2. Arthroscopy
6.2.3. Laparoscopy
6.2.4. Urology Endoscopy
6.2.5. Neuroendoscopy
6.2.6. Gastrointestinal Endoscopy
6.2.7. Gynecology Endoscopy
6.2.8. ENT Endoscopy
6.2.9. Others
7. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Estimates & Forecast Trend Analysis, by End User
7.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, by End User, 2022 & 2033
7.2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Revenue (US$ Million) Estimates and Forecasts, by End User, 2022 to 2033
7.2.1. Hospitals
7.2.2. Ambulatory Surgery Center
7.2.3. Diagnostic Center
7.2.4. Clinics
7.2.5. Others
8. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Analysis and Forecast, by Region
8.1. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global ENDOSCOPY EQUIPMENT AND SOFTWARE Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America ENDOSCOPY EQUIPMENT AND SOFTWARE Market: Estimates & Forecast Trend Analysis
9.1. North America ENDOSCOPY EQUIPMENT AND SOFTWARE Market Assessments & Key Findings
9.2. North America ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America ENDOSCOPY EQUIPMENT AND SOFTWARE Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
9.3.1. By Product
9.3.2. By Application
9.3.3. By End User
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe ENDOSCOPY EQUIPMENT AND SOFTWARE Market: Estimates & Forecast Trend Analysis
10.1. Europe ENDOSCOPY EQUIPMENT AND SOFTWARE Market Assessments & Key Findings
10.2. Europe ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe ENDOSCOPY EQUIPMENT AND SOFTWARE Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Product
10.3.2. By Application
10.3.3. By End User
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Rest of Europe (includes all other European countries)
11. Asia Pacific ENDOSCOPY EQUIPMENT AND SOFTWARE Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific ENDOSCOPY EQUIPMENT AND SOFTWARE Market Assessments & Key Findings
11.2. Asia Pacific ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific ENDOSCOPY EQUIPMENT AND SOFTWARE Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Product
11.3.2. By Application
11.3.3. By End User
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa ENDOSCOPY EQUIPMENT AND SOFTWARE Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa ENDOSCOPY EQUIPMENT AND SOFTWARE Market Assessments & Key Findings
12.2. Middle East & Africa ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa ENDOSCOPY EQUIPMENT AND SOFTWARE Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Product
12.3.2. By Application
12.3.3. By End User
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America ENDOSCOPY EQUIPMENT AND SOFTWARE Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America ENDOSCOPY EQUIPMENT AND SOFTWARE Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America ENDOSCOPY EQUIPMENT AND SOFTWARE Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Product
13.3.2. By Application
13.3.3. By End User
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. ENDOSCOPY EQUIPMENT AND SOFTWARE Market Revenue Share Analysis (%), by Major Players (2021)
14.2. ENDOSCOPY EQUIPMENT AND SOFTWARE Market Competition Matrix, by Leading Players
14.3. ENDOSCOPY EQUIPMENT AND SOFTWARE List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. B. Braun
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Boston Scientific Corporation
15.3. CONMED Corporation
15.4. Cook Medical
15.5. Ethicon Inc.
15.6. Fujifilm Holdings Corporation
15.7. HOYA Corporation
15.8. JOHNSON & JOHNSON
15.9. KARL STORZ SE & Co. KG
15.10. Medtronic Plc
15.11. Smith & Nephew
15.12. Olympus Corporation
15.13. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts