Endoscopy Equipment Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Endoscopes, Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Robot-Assisted Endoscopes, Visualization Systems, Endoscopic Ultrasound, Insufflator, and Others), By Application (Arthroscopy, Laparoscopy, GI endoscopy, Obstetrics/Gynaecology, ENT Endoscopy, Pulmonary Endoscopy, and Others), By End Users (Hospitals, Ambulatory Surgical Centres, and Others), and Region Forecast 2019-2030

The endoscopy equipment market size was valued at US$ 55,834.2 million in 2023 and is expected to grow at a CAGR of 8.3% over the forecast year to reach US$ 97,566.2 million by 2030. The major factors driving the market include high disease prevalence rates related to chronic diseases, gastrointestinal disorders, and other conditions that require minimally invasive diagnostic and therapeutic interventions.

In addition, advancements in the field of endoscopic technologies, including high-definition imaging, flexible endoscopes, and robotic-assisted systems, will enhance precision and efficiency in procedures, further propelling market growth forward. Market opportunities arise from the growing demand for outpatient and ambulatory surgical centers that increasingly make use of advanced endoscopic technologies to be more effective and economical in-patient care. Significant growth potential also emanates from the rise in geriatric populations across the world, who are highly vulnerable to conditions requiring endoscopic interventions.

The market is seeing trends in the creation of novel, minimally invasive methods as well as the incorporation of AI and machine learning to enhance procedural results and diagnostic precision. Additionally, there is a discernible trend toward single-use endoscopes, which solve issues with sterilizing and cross-contamination. The high expense of complex endoscopic equipment and the continuous requirement for specialized training to operate these sophisticated instruments are the constraints. Regulations and strict requirements for device certification can also affect innovation and market penetration.

However, despite these obstacles, the endoscopy equipment market is expected to grow in the future as medical systems and technology catch up with the growing demand for minimally invasive procedures.

Key Developments:

• In November 2023: The future of the endoscopic system, called EVIS X1, was introduced by Olympus Corporation (Olympus) in China. The sixth annual China International Import Expo took place in Shanghai from November 5–10, where this endoscopic device was on display.
• In March 2023: A Centre of Excellence (CoE) was established in Hyderabad by AIG Hospitals in association with Boston Scientific. With the provision of cutting-edge treatment options and knowledge in a range of medical specialties, this partnership seeks to improve healthcare services.