PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627721
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627721
The Global Endoscope market is expected to grow at a CAGR of 7.39%, reaching a size of US$16.552 billion in 2030 from US$11.589 billion in 2025.
An endoscope is a medical device that goes inside the body to capture pictures or videos of the internal organs and other structures during a process known as endoscopy. It helps in screening and diagnosing diseases for more effective treatment. It consists of a light and a special camera at the end to capture images and videos. Many endoscopes also have a special channel inside that helps in inserting operating instruments to remove tissue or perform surgery during an endoscopy. Depending on the body part it examines, there are various endoscopes, such as anoscopy, arthroscopy, bronchoscopy, colonoscopy, laparoscopy, proctoscopy, and many more. Thus, an endoscope helps in detecting numerous diseases such as gastrointestinal disease, colon polyps, respiratory diseases, reproductive diseases, urinary-related diseases, nervous system diseases, and more.
Endoscopes are vital in the healthcare system for several reasons, such as helping diagnose disease accurately, treating disease more effectively, such as in rhinology, neurotology, etc., and collecting samples for further diagnosis. Thus, the increasing healthcare investment is the key driving force for the global endoscopes market. At the same time, the rising prevalence of chronic diseases and the growing geriatric population are increasing the demand for minimally invasive procedures, surgeries, and diagnosis, propelling the demand for endoscopes for their usage.
Global Endoscopes Market Drivers
The world is witnessing a rise in chronic diseases such as cardiovascular diseases, cancer, respiratory diseases, kidney diseases, neurological diseases, and many more due to various factors such as rapid urbanization promoting a sedentary lifestyle along with the environmental degradation that was done. As per data from the World Health Organization, cancer is the leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. Chronic respiratory disease is the third-leading cause of death, accounting for around 4 million, with a prevalence of 454.6 million cases in 2019, as per the reports by the Institute of Health Metrics and Evaluation. This increase in chronic diseases necessitates the demand for diagnosis and treatments, leading to increased demand for endoscopes. People are preferring minimally invasive procedures or surgeries for their diagnosis and treatment as they offer lower risk, boosting the endoscope market growth.
The North American region is expected to hold a noteworthy market share over the forecast period since there is a rising demand for minimally invasive procedures, body screening, therapeutic surgeries, and diagnosis. This is owing to the rising prevalence of chronic diseases, the growing geriatric population, and increasing awareness among people for body checkups. As per the American Cancer Society, in 2023, 1,958,310 new cancer cases and 609,820 cancer deaths are projected to occur in the United States. Moreover, this demand is being met by different market players, the technological advancement of North American countries such as the US and Canada in the healthcare domain, and the high disposable income of the North American countries.
During the forecast period, Asia-Pacific will be the fastest-growing region in the global endoscopes market. Several factors are leading this change, including the growing economies of Asia-Pacific countries such as India, China, Japan, etc., increasing demand for healthcare services, and government investment in healthcare services. The rising technological development in healthcare and the huge proportion of the population will be driving the regional endoscopes market.
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