Endoscopes (global market)

2018: Volume of $830.6 million - Fortune Business Insights data

According to the results of 2018, the volume of the endoscopic ultrasound equipment market reached $830.6 million. More than a third of sales ($296.9 million) of this medical equipment went to North America, according to the data of the analytical company Fortune Business Insights.

Experts attribute North American leadership in the sale of ultrasound endoscopes to the high prevalence of chronic digestive disorders in the region among the age population. According to The National Center for Biotechnology Information, about 18 million endoscopic procedures are performed in the United States per year.

The endoscope market for 2018 is estimated at $830.6 million

Well-established health systems and proactive health policies are factors that contribute to the development of the European endoscopic market. And in the Asia-Pacific region, the increase in cancer prevalence leads to an increase in demand for echo endoscopy equipment, the study said.

Fortune Business Insights considers one of the catalysts for the growth of the global endoscope market to be the increase in the prevalence of stomach cancer, from which about 783 thousand people died in 2018.

Analysts named the following companies as the largest manufacturers of endoscopes:

• Olympus;
• Pentax Medical;
• Fujifilm;
• Cook Medical;
• Boston Scientific;
• Medtronic;
• Medi-Globe;
• Conmed.

According to the researchers, leading players in the market are increasing their investments in research and development in order to expand the range of products and strengthen positions. For example, in October 2019, Fujifilm Medical Systems released eight new endoscopes along with a full set of endoscopic imaging solutions, and Esaote in the same year introduced a line of high-performance ultrasonic devices for hospitals called MyLab X8.^[1]

2017: Volume of $26 billion - MarketsandMarkets data

In 2017, the volume of the global endoscopic equipment market in monetary terms will amount to $25.58 billion. This forecast was made in December 2017 by MarketsandMarkets analysts.

Experts believe that in the next five years there will be a positive dynamics on the market, and by 2022 sales of endoscopic equipment will increase to $34.82 billion, taking into account which the average annual growth rate (CAGR) in this period will be 6.4%.^[2]

Among the key factors contributing to the development of the market, analysts cite stimulating government initiatives, an increase in the number of hospitals and an increase in investment by medical institutions in the opening of endoscopic departments, technological advances and an increase in the prevalence of diseases requiring endoscopic treatments.

According to analysts, in 2017 the volume of the global endoscope market amounted to almost $26 billion

Within the framework of the market, experts identify the following product segments: endoscopes, imaging equipment, other endoscopic equipment and accessories. Endoscopes are expected to be the largest segment in 2017.

From an applied point of view, the market is divided into laparoscopy, GI endoscopy, arthroscopy, endoscopy in obstetrics, gynecology and urology, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy and other directions (endoscopy for facial tightening, frontlifting, abdominoplasty procedures and breast enlargement). It is expected that in 2017 the leading segment will be equipment for endoscopy of GI. The highest CAGR rates between 2017 and 2022 are also projected in the same category.

Geographically, North America and Europe make the most significant contribution to market expansion. At the same time, analysts cautioned that the high cost of endoscopic procedures and equipment and the limited financial capacity of developing countries could hinder the growth of the global endoscopic equipment market to some extent.

Among the leading market participants, experts listed the following companies:

• Olympus (Japan)
• KARL STORZ (Germany)
• Stryker (USA)
• Boston Scientific (USA)
• Ethicon (USA)
• Fujifilm (Japan)
• Medtronic (Ireland),
• Hoya (Japan)
• CONMED (USA)
• Richard Wolf (Germany)
• Smith & Nephew (United Kingdom)
• Cook Medical (USA)
• Cogentix Medical (USA)
• B. Braun (Germany)

Notes