Greece Endoscopy Market Size, Share, Growth, Trends, and Greece Industry Analysis: By Product (Endoscopes, Visualization Systems, Endoscopic Ultrasound, Insufflator), By Application (Arthroscopy, Laparoscopy, GI Endoscopy, Obstetrics/Gynaecology, ENT Endoscopy, Pulmonary Endoscopy), By End-use (Hospitals, Ambulatory Surgical Centres and Others) and Country

Greece Endoscopy Market size was valued at US$ 104.1 million in 2023 and is projected to reach a value of US$ 147.0 million by 2030, growing at a CAGR of 6.2% from 2024-2030.

The endoscopy market involves the use of medical devices called endoscopes to examine the interior of a patient's body for diagnostic and therapeutic purposes. These procedures are minimally invasive, meaning they require only small incisions or natural body openings, leading to quicker recovery times and fewer complications compared to traditional surgeries. The market is driven by advancements in healthcare infrastructure, rising awareness about the benefits of minimally invasive procedures, and the increasing prevalence of chronic diseases that require endoscopic interventions.

Key Players

The greece endoscopy market share is inclusive of several companies such as Boston Scientific Corporation, Hoya Corporation, Karl Storz, B Braun Melsungen AG, Cook Medical, Ethicon US LLC (J&J), Conmed Corporation, Smith & Nephew PLC, Fujifilm Corporation, Medtronic plc, Olympus Corporation, Richard Wolf GmbH, Intuitive Surgical and Stryker Corporation

In the market, top key players like Boston Scientific Corporation which is primarily known for its medical devices and technologies that focus on improving patient outcomes in various healthcare fields. Since the company does not have direct business operations in the grain farming industry, the company's innovative medical technology indirectly influences the agricultural industry. Similarly, Hoya Corporation is a multinational firm with varied products, including optical, life care, and medical technology. Although Hoya is not directly touching grain farming directly, its contributions to medical technology may indirectly benefit the agricultural sector.

Key Takeaways

• By Product, the endoscope segment has captured a 36.1% market share in 2023.
• By Application, the GI Endoscopy segment has accounted for a market share of over 29.2% in 2023.
• By End-user, the hospital segment accounted for 42.3% of the market share in 2023.

Facts & Figures

• Greece performed over 500,000 endoscopic procedures in public hospitals in 2021, with a significant portion being gastrointestinal endoscopies.
• The average waiting time for a colonoscopy in public hospitals in Greece is between 4 to 8 weeks as of 2022.
• More than 80% of endoscopic procedures in Greece are related to gastrointestinal conditions, particularly colonoscopies and gastroscopies, as of 2021.
• Endoscopy procedures in private clinics in Greece cost between €150 to €400, depending on the type and complexity, as reported in 2022.
• In 2020, approximately 50% of Greek patients who underwent an endoscopy procedure had a private health insurance plan covering the cost.
• Over 300 endoscopy specialists are currently practicing in Greece, with a majority concentrated in major cities like Athens and Thessaloniki.
• Greece has seen a 25% increase in endoscopic screenings for colorectal cancer between 2018 and 2022, due to government awareness campaigns.
• Endoscopic retrograde cholangiopancreatography (ERCP) is among the most common advanced endoscopic procedures in Greece, with over 10,000 procedures performed annually as of 2021.
• Flexible endoscopy technology adoption has increased by 30% in public hospitals in Greece between 2019 and 2022, enhancing diagnostic capabilities.
• Gastroenterology units in Greece equipped with modern endoscopic devices rose by 15% between 2020 and 2023, following investment in healthcare infrastructure.

Key Developments

• 2023: Olympus Corporation received FDA approval for the new EVIS X1 endoscopy system and two compatible gastrointestinal endoscopes
• 2021: Ambu A/S expanded its national singleuse endoscopy contract with two U.S. Group Purchasing Organizations (GPOs).

Greece Endoscopy Market Segmentation

By Product: The Endoscopes segment shared the largest amount in the market. This is due to endoscopes are basic tools for most diagnostic and therapeutic procedures. Therefore, this equipment is exigent in both hospital and outpatient setups, hence this high demand driving their total share in the market

By Application: In the Greek endoscopy market, the GI Endoscopy segment holds the largest share. This is because the procedure of GI endoscopy is often performed, both for diagnostic as well as therapeutic reasons, in the case of most digestive system disorders, which are significantly prevalent in the population. The demand for GI endoscopy procedures boosts the demand for the corresponding endoscopic devices and equipment in the endoscopy market.

By End User: The hospitals are the most significant segment in the Greek endoscopy market. The reason behind this is hospitals are the dominating centers where the vast majority of endoscopic procedures, even the different types of therapeutic intervention, starting from simple diagnostic to complex therapeutic interventions can be carried out. They are equipped with infrastructure, skilled personnel, and equipment that lets them accomplish the most complex types of endoscopic interventions. Thus, they are the dominating end-user in the market.