The global Endoscopy Operative Devices market size is expected to hit around US$ 20.7 billion by 2030 from valued at US$ 10.0 billion in 2020 with a CAGR of 6.1% during forecast period 2021 to 2030.
The global Endoscopy Operative Devices market size is expected to hit around US$ 20.7 billion by 2030 from valued at US$ 10.0 billion in 2020 with a CAGR of 6.1% during forecast period 2021 to 2030.
Growth Factors
The rising prevalence of chronic diseases, surging demand for minimally invasive procedures, and increasing technological advancement in endoscope systems are the key factors aiding the market growth. An increase in the preference for keyhole or minimally invasive surgeries due to shortened hospitalization reduced post-operative complications, and decreased blood loss during surgeries is expected to fuel the market growth.
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The growing demand for endoscopy operative devices for diagnostic and therapeutic processes, coupled with the rising prevalence of age-related ailments across the globe, is expected to provide an impetus to the market growth.The global geriatric population suffering from gall stones, liver abscess, pelvic abscess, intestinal perforation, and endometriosis requires endoscopic procedures to treat the underlying disorder.
Report Coverage
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Report Scope |
Details |
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Market Size |
US$ 5.78 billion by 2030 |
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Growth Rate |
CAGR of 6.1% From 2021 to 2030 |
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Base Year |
2021 |
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Forecast Period |
2021 to 2030 |
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Segments Covered |
Product, Distribution Channel |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Companies Mentioned |
Biba Apparel; Manyavar; Shanghai Tang; Shimamura co.; Wacoal holding Corp.; Thebe Magugu; Lemlem; Afrikrea; Global Desi; ELIA SAAB; Modanisa |
By Product Analysis
In 2020, the access devices segment accounted for the largest share of over 36.0% owing to the increasing number of endoscopic procedures. Several key players are designing and developing innovative, advanced endoscopy access devices for improving endoscopies. This acquisition would strengthen the hygiene portfolio of Pentax Medical and ensure a reduction in the risk of cross-contamination to enhance patient safety during endoscopy.
The energy systems segment is anticipated to register the fastest growth rate during the forecast period. The majority of the endoscopic procedures necessitate the use of energy from sources.This product helps in minimizing the risk of deep burns and perforation and allows endoscopists to perform reliable, safe, and fast procedures.
By Application Analysis
The gastrointestinal (GI) endoscopy application segment held the largest revenue share of over 50.0% due to the growing burden of gastrointestinal disorders across the globe. The introduction of technologically advanced procedures to diagnose and treat gastrointestinal disorders, such as capsule endoscopy for diagnosing various ailments, is expected to drive the segment.
The others application segment is anticipated to register the fastest growth rate during the forecast period. The other applications where operative devices are used are spinal or neuro, cardiovascular endoscopy, anoscopy,
The growing geriatric population, rising prevalence of chronic disorders, increasing number of accidental injuries, and the growing preference for microsurgical procedures are expected to drive the segment.
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By Regional Analysis
North America accounted for the largest revenue share of over 40.0% in 2020 due to the growing prevalence of cancer and other chronic disorders. The growing preference for minimally invasive procedures using advanced endoscopy operative devices is contributing to the market growth.
Asia Pacific is anticipated to register the fastest growth rate during the forecast period due to the growing economies of India and China and rising disposable income in these countries. The increasing prevalence of chronic disorders.
Key Players
- Cook Medical Inc.
- Medtronic
- Boston Scientific Corporation
- Stryker
- Ethicon Endo-Surgery, Inc.
- Karl Storz
- CONMED Corporation
- Richard Wolf GmbH
- Fujifilm Holdings Corporation
- Olympus
Market Segmentation
- By Product
- Energy Systems
- Access Devices
- Suction & Irrigation Systems
- Hand Instruments
- Wound Retractors
- Snares
- By Application
- Gastrointestinal (GI) Endoscopy
- Laparoscopy
- Obstetrics/ Gynecology Endoscopy
- Arthroscopy
- Urology Endoscopy (Cystoscopy)
- Bronchoscopy
- Mediastinoscopy
- Otoscopy
- Laryngoscopy
- Others
- Regional
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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