Endoscopy Procedures Market is expected to reach US$ 53,196.65 million by 2030

Publisher: The Insight Partners

Arthroscopy and Bronchoscopy Held Largest Share of Endoscopy Procedures Market

According to our new research study on "Endoscopy Procedures Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Procedure, Offering, Product Type, and End User," the endoscopy procedures market size was valued at US$ 30,877.37 million in 2022 and is projected to reach US$ 53,196.65 million by 2030. It is estimated to register a CAGR of 7.0% during 2022–2030.

Endoscopy procedures are medical examinations that involve using an endoscope, a thin, flexible tube with a camera and light attached to it, to visually inspect and sometimes treat the inside of the body. Endoscopy allows doctors to diagnose and treat various medical conditions without the need for invasive surgeries.

Growing preference for minimally invasive surgeries and increasing prevalence of cancer are the key factors driving the market. However, the risks of infections associated with endoscopic procedures hamper the market growth.

Based on offering, the endoscopy procedures market is segmented into endoscopes, ERCP accessories, visualization system, head positioner and endotherapy injection needles, sampling device and device clip and electrosurgical knife, endoscopic ultrasound guided devices, guidewire, forceps, snare, irrigation/insufflation tubing systems, probes, hemostats clip, polyps traps, single-use valves, trocar sleeves and tissue scissors and cutters, retrieval devices, and others. In 2022, the endoscopes segment held the largest share of the market. The ERCP accessories segment is expected to grow at the fastest rate during the forecast period.

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Stryker Corp, Fujifilm Holdings Corp, Merit Medical Systems Inc, Smith & Nephew Plc, Arthrex Inc, Steris Plc, Conmed Corp, Olympus Corp, Boston Scientific Corp, and Cook Medical Llc are among the leading companies operating in the endoscopy procedures market.

The report segments the endoscopy procedures market as follows:

The endoscopy procedures market is segmented on the basis of procedure, offering, product type, end user, and geography. Based on procedure, the market is divided into endoscopic retrograde cholangiopancreatography (ERCP), endoscopic submucosal dissection (ESD), peroral endoscopic myotomy (POEM), endoscopic ultrasound (EUS), interventional pulmonology and laparoscopy, arthroscopy and bronchoscopy, colonoscopy and colposcopy, proctoscopy and thoracoscopy, and others. Based on offering, the market is categorized into endoscopes, ercp accessories, visualization system, head positioner and endotherapy injection needles, sampling device and device clip and electrosurgical knife, endoscopic ultrasound guided devices, guidewire, forceps, snare, irrigation/insufflation tubing systems, probes, hemostats clip, polyps traps, single-use valves, trocar sleeves and tissue scissors and cutters, retrieval devices, and others. The endoscopy procedures market, by product type, is segmented into disposable and reusable. The reusable segment held a larger share of the market in 2022, and the disposable segment is expected to register a higher CAGR during 2022–2030. The endoscopy procedures market, by end user, is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic laboratories, and others. In terms of geography, the endoscopy procedures market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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