U.S. Endoscope Repair Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

The U.S. endoscope repair market is projected to generate $533.5 million in revenue in 2024, with expectations to reach $990.7 million by 2030, reflecting a compound annual growth rate (CAGR) of 11.0% during the forecast period from 2025 to 2030. This robust growth is primarily driven by the increasing shift toward minimally invasive procedures, the rising prevalence of gastrointestinal and colorectal diseases, and the short lifespan of endoscope components. Additionally, the growing aging population and the increasing number of hospitals and clinics in the U.S. are further propelling market expansion.

Key Insights

The market is segmented by type into flexible and rigid endoscopes. Flexible endoscopes are widely used due to their versatility and ability to access various parts of the body, leading to a higher demand for their repair services. Rigid endoscopes, while less flexible, are essential for specific procedures, contributing to the overall market demand.

In terms of service providers, the market is divided into independent service organizations (ISOs) and original equipment manufacturers (OEMs). OEMs hold the largest share, attributed to their expertise and access to original parts, ensuring high-quality repairs. However, ISOs are gaining traction due to cost-effectiveness and quicker turnaround times, offering competitive alternatives to healthcare facilities.

Geographically, California accounts for the largest revenue share, approximately 15% of the U.S. endoscope repair market. This dominance is due to the state's advanced healthcare infrastructure and the high adoption rate of minimally invasive procedures. Other states with significant market shares include Texas and Florida, driven by their large populations and expanding healthcare services.

Technological advancements in endoscopic equipment are a key trend in the market. Enhancements in imaging capabilities, such as the transition from standard-definition to high-definition (HD) and ultra-high-definition (UHD) systems, have improved diagnostic accuracy and expanded the applicability of endoscopes across various medical fields. For instance, Olympus offers endoscopes with 4K UHD capabilities, providing exceptionally clear visuals that aid in the precise identification of tissues and internal structures. Additionally, some endoscopes are equipped with narrow-band imaging (NBI) technology, which enhances the visibility of fine capillaries and mucosal structures without the need for dyes, facilitating the detection of early-stage cancers.

The market is characterized by fragmentation, with numerous players offering diverse services across various regions. Key companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to expand their service offerings and geographic reach. The increasing emphasis on reducing healthcare costs and the growing demand for minimally invasive procedures present significant opportunities for innovation and growth within the U.S. endoscope repair market. As healthcare facilities continue to seek efficient and cost-effective solutions for endoscope maintenance, the adoption of specialized repair services is expected to rise, driving the market's expansion in the coming years.

Product Code: 12215

Chapter 1. Research Background

1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit

1.4.1 Value

1.5 Market Size Breakdown by Segment

1.5.1 Market Segmentation by Type

1.5.2 Market Segmentation by Service Provider

1.5.3 Market Segmentation by State

1.6 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.1.1 Paid

2.1.2 Unpaid

2.1.3 P&S Intelligence Database

2.2 Primary Research

2.2.1 Breakdown of Primary Research, by Industry Participant

2.2.2 Breakdown of Primary Research, by Designation

2.2.3 Breakdown of Primary Research, by Company Type

2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

4.1 Healthcare Spending
4.2 Geriatric Population
4.3 Prevalence of Obesity
4.4 Number of Endoscopy Centers in U.S. States
4.5 Number of Procedures Performed in the U.S. Annually

Chapter 5. Definition of Market Segments

5.1 By Type

5.1.1 Flexible

5.1.1.1 Upper gastrointestinal endoscopes
5.1.1.2 Colonoscopes
5.1.1.3 Bronchoscopes
5.1.1.4 Sigmoidoscopes
5.1.1.5 Laryngoscopes
5.1.1.6 Duodenoscopes
5.1.1.7 Nasopharyngoscopes
5.1.1.8 Rhinoscopes
5.1.1.9 Others

5.1.2 Rigid

5.1.2.1 Laparoscopes
5.1.2.2 Ureteroscopes
5.1.2.3 Gynecology endoscopes
5.1.2.4 Arthroscopes
5.1.2.5 Cystoscopes
5.1.2.6 Neuroendoscopes
5.1.2.7 Others

5.2 By Service Provider

5.2.1 ISOs

5.2.2 OEMs

Chapter 6. Industry Outlook

6.1 Market Dynamics

6.1.1 Trends

6.1.1.1 Technological advancements in endoscopic equipment
6.1.1.2 Increasing adoption of comprehensive contracts
6.1.1.3 Rising adoption of equipment insurance

6.1.2 Drivers

6.1.2.1 Advancements in medical device industry
6.1.2.2 Shift toward minimally invasive procedures
6.1.2.3 High prevalence of colorectal and gastrointestinal diseases
6.1.2.4 Short life of endoscope components

6.1.3 Impact Analysis of Drivers on Market Forecast

6.1.4 Restraints

6.1.4.1 High maintenance costs

6.1.5 Impact Analysis of Restraints on Market Forecast

6.2 Impact of COVID-19
6.3 Porter's Five Forces Analysis

6.3.1 Bargaining Power of Buyers

6.3.2 Bargaining Power of Suppliers

6.3.3 Intensity of Rivalry

6.3.4 Threat of New Entrants

6.3.5 Threat of Substitutes

Chapter 7. Policy and Regulatory Landscape

Chapter 8. U.S. Market Size and Forecast

8.1 Overview
8.2 Market Revenue, by Type (2017-2030)

8.2.1 Flexible Endoscope Market Revenue, by Type (2017-2030)

8.2.2 Rigid Endoscope Market Revenue, by Type (2017-2030)

8.3 Market Revenue, by Service Provider (2017-2030)
8.4 Market Revenue, by State (2017-2030)

Chapter 9. Competitive Landscape

9.1 List of Major Market Players and Their Offerings
9.2 List of Other Market Players
9.3 Recent Strategic Developments of Key Players

Chapter 10. Company Profiles

10.1 STERIS Instrument Management Services Inc.

10.1.1 Business Overview

10.1.2 Product and Service Offerings

10.2 Agiliti Inc.

10.2.1 Business Overview

10.2.2 Product and Service Offerings

10.2.3 Key Financial Summary

10.3 Olympus Corporation of the Americas

10.3.1 Business Overview

10.3.2 Product and Service Offerings

10.4 Stryker Corporation

10.4.1 Business Overview

10.4.2 Product and Service Offerings

10.4.3 Key Financial Summary

10.5 Endoscopy Support Services Inc.

10.5.1 Business Overview

10.5.2 Product and Service Offerings

10.6 Excellent Endoscopy Inc.

10.6.1 Business Overview

10.6.2 Product and Service Offerings

10.7 FUJIFILM Holdings America Corporation

10.7.1 Business Overview

10.7.2 Product and Service Offerings

10.8 J2S Medical

10.8.1 Business Overview

10.8.2 Product and Service Offerings

10.9 Total Scope Inc.

10.9.1 Business Overview

10.9.2 Product and Service Offerings

10.10 Endoscopy Repair Specialist

10.10.1 Business Overview

10.10.2 Product and Service Offerings

10.11 Associated Endoscopy Inc.

10.11.1 Business Overview

10.11.2 Product and Service Offerings

10.12 Probo Medical

10.12.1 Business Overview

10.12.2 Product and Service Offerings

10.13 Healthcare Components Group

10.13.1 Business Overview

10.13.2 Product and Service Offerings

Chapter 11. Appendix

11.1 Sources and References
11.2 Related Reports