Endoscopy devices market to grow by USD 14.24B from 2024-28

The global endoscopy devices market size is estimated to grow by USD 14.24 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.17% during the forecast period. The endoscopy devices market is driven by technological innovations, including high-definition cameras and NBI technology. These advancements offer superior image quality, enabling early detection of diseases such as chronic diseases, liver abscesses, gallstones, and cancers. Disposable components, medical professionals, and outpatient facilities also contribute to the market’s growth. Key areas of application include gastroenterology, pulmonology, cardiology, and gynecology. Economic viability and patient satisfaction are key considerations. Devices include endoscopic operative devices, visualization equipment, and operative devices for elective surgeries.

Segment overview
This endoscopy devices market report extensively covers market segmentation by Application (Laparoscopy, GI, Others) Product (Accessories and others, Endoscopes) Geography (North America, Europe, Asia, Rest of World (ROW)).

Market segmentation by application
The endoscopy devices market encompasses a range of products used in conjunction with endoscopes for diagnostic and therapeutic procedures. These include light sources, cameras, video recorders, processors, and various types of endoscopes such as rigid, flexible, and capsule endoscopes. The market is driven by the increasing demand for endoscopic devices in GI procedures, minimally invasive surgeries, and robotic and AI-assisted procedures in healthcare services, including hospitals and ambulatory surgery centers. The elderly population and those with chronic diseases, such as liver abscesses, gallstones, and endometriosis, benefit from these procedures. Endoscopic equipment requires periodic replacement, contributing to market revenue. High-definition cameras, light sources, and hygiene accessories ensure patient satisfaction and economic viability. Reprocessing, sterilization, and disposable components are essential for maintaining the highest standards of hygiene and patient safety. Medical professionals utilize these devices to diagnose and treat conditions like intestinal perforations and cancer, reducing hospital stays and post-procedure complications.

Geography overview
The endoscopy devices Market experiences robust growth due to the increasing burden of chronic diseases, particularly in the areas of ENT, GI, and ENT disorders. Diagnostic procedures like ENT endoscopy, bronchoscopy, arthroscopy, and neuroendoscopy, necessitated by these conditions, fuel demand for advanced endoscopy devices. Technological innovations, such as high-definition imaging, virtual chromoendoscopy, NBI, and robotic-assisted endoscopy, enhance diagnostic accuracy, procedural efficiency, and patient outcomes. Rigid and flexible endoscopes, capsule endoscopes, and robot-assisted endoscopes are key equipment types. Accessories, hygiene, reprocessing, sterilization, and disposable endoscopic components are essential market segments. Chronic diseases, including liver abscess, gallstones, endometriosis, and intestinal perforation, drive market expansion. Medical professionals utilize endoscopes for biopsies, elective surgeries, and cancer diagnosis. High-definition cameras, light sources, and optical instruments contribute to patient satisfaction and economic viability. Hospital stay and post-procedure complications are considerations. Conditions like peripheral arterial disease, stroke, atrial fibrillation, and cardiovascular diseases further expand the market scope.

Research analysis
The endoscopy devices market encompasses a range of advanced technologies used in endoscopy procedures, including endoscopes, GI procedures, minimally invasive surgeries, robotics, and artificial intelligence. These technologies are integral to Healthcare Services, particularly in Hospitals and Ambulatory Surgery Centers. The Endoscopy Devices Market caters to various medical specialties such as gastrointestinal, urology, gynecology, ENT, bronchoscopy, arthroscopy, neuroendoscopy, and gastrointestinal endoscopy. Sterilization and disposable endoscopic components are crucial aspects of this market, ensuring patient safety and reducing the chronic disease burden, especially for the geriatric population. Common conditions treated with these devices include Liver abscess, gall stones, endometriosis, and intestinal perforation. Medical professionals rely on these endoscopy devices to diagnose and treat a wide range of conditions, improving patient outcomes and quality of life. Technavio