PUBLISHER: Grand View Research | PRODUCT CODE: 1529697
PUBLISHER: Grand View Research | PRODUCT CODE: 1529697
U.S. Endoscopy Devices Market Trends
The U.S. endoscopy devices market size was estimated at USD 21.07 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. The increasing number of healthcare centers, such as hospitals, oncology specialty clinics, and cancer centers, contributed to the growing demand for endoscopy devices in the U.S. The rising prevalence of cancer and cancer-related mortality drives the need for endoscopic procedures with enhanced visualization. For instance, according to the American Cancer Society, in the U.S., 1,958,310 new cancer cases and 609,820 cancer deaths are anticipated to occur in 2023.
Technological advancements in minimally invasive surgeries have driven the demand for endoscopy procedures, with capsule endoscopes and robot-assisted endoscopy significantly increasing the need for minimally invasive endoscopic surgeries. Continuous growth in the U.S. market is fueled by advancements in minimally invasive surgeries and the introduction of new products. For instance, in October 2023, Olympus Corporation, a MedTech company, launched its next-generation EVIS X1 endoscopy system to visualize the GI tract.
Furthermore, the emergence of endoscopic bariatric surgeries, such as endoscopic sleeve gastroplasty, has contributed to market growth. This non-surgical procedure, which uses sutures to restructure the stomach and reduce its size by 70.0%, offers promising weight loss results. The minimally invasive nature and affordable pre- and post-procedure costs of endoscopy devices in the country are major factors anticipated to boost the market growth. For instance, according to an article published by Surgery for Obesity and Related Diseases in February 2024, a total number of 280,000 metabolic and bariatric surgeries were performed in 2022.
Moreover, a growing number of product approvals or clearance and innovations in imaging technology are facilitating the trend of new product launches, enhancing the precision & effectiveness of diagnostic and therapeutic procedures. For instance, in August 2021, Boston Scientific Corporation received 510(k) clearance for its EXALT Model B Bronchoscope from the U.S. FDA. This single-use bronchoscope is designed for bedside procedures in Operating Rooms (OR) and Intensive Care Units (ICU), addressing the need for safer alternatives to reusable devices.
Recent technological advancements in endoscopy have increased their demand in hospitals, diagnostic centers, and clinics, driving the disposable endoscopes' demand. The applications of disposable endoscopy are widening rapidly. Various types of disposable endoscopes are now available and used in numerous specialties, including ENT, laparoscopy, gynecology, arthroscopy, gastroenterology, urology, and proctoscopy. As the market progresses, endoscopic systems are expected to become more integrated and efficient, providing better diagnostic and therapeutic capabilities. Customized solutions combining standard and private-label products would allow manufacturers to rapidly respond to market needs and develop advanced endoscopic technologies.
U.S. Endoscopy Devices Market Report Segmentation
This report forecasts revenue growth at the country level and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. endoscopy devices market report based on product, and end-use:
Rigid Endoscopes
Laparoscopes
Arthroscopes
Ureteroscopes
Cystoscopes
Gynecology Endoscopes
Neuroendoscopes
Bronchoscopes
Hysteroscopes
Laryngoscopes
Otoscopes
Sigmoidoscopes
Duodenoscope
Nasopharyngoscopes
Rhinoscopes
Disposable Endoscopes
Laparoscopes
Arthroscopes
Ureteroscopes
Cystoscopes
Gynecology Endoscopes
Neuroendoscopes
Bronchoscopes
Hysteroscopes
Laryngoscopes
Otoscopes
Sigmoidoscopes
Duodenoscope
Nasopharyngoscopes
Rhinoscopes
Flexible Endoscopes
Laparoscopes
Arthroscopes
Ureteroscopes
Cystoscopes
Gynecology Endoscopes
Neuroendoscopes
Bronchoscopes
Hysteroscopes
Laryngoscopes
Otoscopes
Sigmoidoscopes
Duodenoscope
Nasopharyngoscopes
Rhinoscopes
Robot Assisted Endoscope
Capsule Endoscopes
Standard Definition (SD) Visualization Systems
2D Systems
3D Systems
High Definition (HD) Visualization Systems
2D Systems
3D Systems
Camera Heads
Insufflators
Light Sources
High-Definition Monitors
Suction Pumps
Video Processors
Energy Systems
Access Devices
Suction & Irrigation Systems
Hand Instruments
Wound Retractors
Snares