Global Flexible Endoscope Market Assessment, By Product [Fiberscope, Video Endoscope], By Procedure Type [Gastroscopy, Colonoscopy, Bronchoscopy, Ureteroscopy, Others], By Application [Gastrointestinal Endoscopy, Pulmonary Endoscopy, Urological Endoscopy, Ear, Nose and Throat Endoscopy, Others], By End-user [Hospitals, Clinics, Ambulatory Surgical Centers, Others], By Region, Opportunities and Forecast, 2017-2031F

Flexible Endoscopes Market is projected to witness a CAGR of 6.62% during the forecast period 2024-2031F, growing from USD 8.54 billion in 2023 to USD 14.25 billion in 2031F.

Flexible Endoscopes Market Size & Share Report, 2031

The&nbsp;global flexible endoscope market&nbsp;is projected to witness a&nbsp;CAGR of 6.62%&nbsp;during the forecast period 2024-2031F, growing from&nbsp;USD 8.54 billion&nbsp;in 2023 to&nbsp;USD 14.25 billion&nbsp;in 2031F. The market has significantly expanded in recent years due to the clinical benefits of flexible endoscopy compared to conventional endoscopy, technological advancements, and increasing adoption.
Flexible endoscopy devices are gaining significant popularity in healthcare, primarily due to their increasing application in minimally invasive surgical procedures. Versatility and effectiveness are the prime reasons for the increased demand for flexible endoscopy devices globally since they are used to diagnose and treat various medical conditions. The global flexible endoscopy devices market is driven by factors such as the rising prevalence of chronic diseases, technological advancements, and growth in demand for minimally invasive procedures. The growth in gastrointestinal diseases, such as colorectal cancer and inflammatory bowel diseases, also contributes to the demand for flexible endoscopes. The increasing geriatric population also contributes to the demand for flexible endoscopes since old-age populations are more prone to developing chronic diseases. The COVID-19 pandemic significantly impacted the market for these devices since several endoscopic procedures&nbsp;were considered to carry a significant risk of viral transmission. Despite this, the market for flexible endoscopic equipment is still expanding, indicating how important these technologies are becoming an integral part of&nbsp;the healthcare industry. Comparing flexible endoscopes to traditional rigid endoscopes reveals many benefits. They offer more accessibility, making it possible for them to reach places that are challenging to access with rigid endoscopes and to maneuver through complex anatomical positions. This makes it possible to examine and treat ailments in the respiratory system, gastrointestinal tract, and urinary tract, all of which are difficult-to-access sections of the body.&nbsp;
<h2 style="text-align: justify;">Increasing Prevalence of Gastrointestinal and Pulmonary Disorders to Fuel the Market</h2>
The global demand for flexible endoscopes is increasing rapidly, largely due to the increasing prevalence of gastrointestinal (GI) and pulmonary disorders. GI disorders such as Crohn&rsquo;s disease, ulcerative colitis, celiac disease, stomach cancer, ulcers, and gastroesophageal reflux disease are becoming more common. These conditions often require endoscopic examination for accurate diagnosis and treatment, driving the demand for flexible endoscopes. Additionally, the growing incidence of pulmonary diseases like chronic obstructive pulmonary disease (COPD), asthma, and lung cancer is also contributing to the growth of the flexible endoscopes market. Among inflammatory bowel illnesses, Crohn's and ulcerative colitis are the most frequently diagnosed conditions. Research conducted by Crohn&rsquo;s &amp; Colitis UK in 2022 suggests 1 in every 123 people in the UK have either Crohn&rsquo;s disease or ulcerative colitis. This amounts to a total of nearly half a million people in the UK living with IBD. As per EFCCA (European Federation of Crohn's and Ulcerative Colitis Associations), more than 10 million inflammatory bowel disease (IBD) patients globally.&nbsp;
<h2 style="text-align: justify;">Flexible Endoscope Offers Clinical Benefits as Compared to Conventional Endoscope</h2>
Flexible endoscopes offer several clinical benefits compared to conventional endoscopes. They provide improved accessibility to hard-to-reach body areas, allowing for more effective diagnosis and treatment of gastrointestinal and pulmonary disorders. Flexible endoscopes enable visualization of inaccessible areas within the body. Flexible endoscopes are more agile and can navigate complex anatomical structures, enabling the healthcare provider to visualize better and access areas that are difficult to reach with rigid endoscopes. This is particularly beneficial in diagnosing and treating conditions related to the gastrointestinal tract and respiratory system. Flexible endoscopes may be preferred for advanced diagnostic and therapeutic procedures due to their higher image quality, sturdiness, handling, suction power, and ease of medical record integration. According to a 2022 study conducted&nbsp;at the Leeds Institute of Medical Research, flexible endoscope treatments can be finished in less time, without sedation, and with fewer complications, which results&nbsp;in a short&nbsp;recovery period. During the pandemic, robotic flexible endoscope techniques assisted in reducing the COVID-19 virus's transmission within hospitals.
<h2 style="text-align: justify;">Video Endoscope Dominates the Global Flexible Endoscope Market</h2>
Regarding segmentation by product, the market is divided into fiberscope and video endoscope. Video endoscopes dominate the global flexible endoscope market. The high demand for video endoscopes can be attributed to their versatility and advanced features, which make them a preferred choice for various medical applications. Video endoscopes offer high-resolution imaging capabilities, allowing for detailed visualization of internal organs and tissues, which is crucial for accurate diagnoses and effective treatments. Additionally, they are more user-friendly and provide better patient comfort than fiberscopes, which are often more invasive and require more complex procedures. The growing adoption of video endoscopes in diagnostic applications, such as endoscopic examination of the esophagus, and their ability to function as a mobile and convenient solution across hospital settings have further contributed to their popularity.
In 2023, Pentax Medical, a part of HOYA Group, received CE certification for two medical devices: the i20c video endoscope series and Pentax Medical INSPIRA. The new video processor, developed&nbsp;with the needs of healthcare providers in mind, sets new benchmarks when combined with the i20c video endoscope generation while maintaining compatibility with PENTAX Medical's most recent endoscope models.
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<h2 style="text-align: justify;">North America Dominates the Global Flexible Endoscope Market</h2>
North America's&nbsp;advanced healthcare system and high incidence of diseases&nbsp;necessitating endoscopic procedures are the main reasons North America is now leading the global&nbsp;market for flexible endoscopes.&nbsp; There are several reasons for this increase in significant demand. A large portion of the population in countries such as the United States and Canada&nbsp;is old, and this age group is frequently at risk of developing&nbsp;chronic illnesses that require&nbsp;a flexible&nbsp;endoscope. The introduction&nbsp;of advanced technologies&nbsp;such as flexible endoscopes and the presence&nbsp;of the world's biggest regulatory authority, the FDA, are also factors that make North America the most dominant region. The market domination is also aided by the presence&nbsp;of significant medical device companies&nbsp;in the region. In 2021, the FDA (Food and Drug Administration)&nbsp;in the United States revised a safety alert on reprocessed flexible bronchoscopes. When there is a higher risk of infection transmission or no urgent assistance for reprocessing, the FDA advises healthcare practitioners to use&nbsp;single-use flexible&nbsp;bronchoscopes. Furthermore, the FDA advised healthcare institutions to consider reprocessing using sterilization rather than high-level disinfection.
Future Market Scenario (2024-2031F)
The growing demand for minimally&nbsp;invasive treatments and the rising incidence of chronic illnesses are projected to fuel the growth of the flexible endoscope market globally. Technological advancements, such as the application of artificial intelligence and nanotechnology, improve picture quality and reduce&nbsp;infection risks, which are important trends that will influence the industry as we advance. Flexible endoscopes will be used increasingly in advanced&nbsp;applications like remote monitoring and robotically assisted surgery. In addition, there will be a change in the market toward devices&nbsp;that are easy&nbsp;to carry and use, including disposable flexible endoscopes, which will be more widely used in outpatient settings. Along with increasing treatment accuracy and efficiency, these developments will reach a wider patient and healthcare provider base.
Report Scope
&ldquo;Flexible Endoscope&nbsp;Market Assessment, Opportunities, and Forecast, 2017-2031F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global flexible endoscope market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031F. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Details
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Base Year of the Analysis
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2023
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Historical Period
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2017-2022
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Forecast Period
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2024-2031F
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Projected Growth Rate
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CAGR of 6.62% between 2024 and 2031F
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Revenue Forecast in 2031
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USD 14.25 billion
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Segments Covered
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Product, Procedure Type, Application, End-user
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Regions Covered
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North America, Europe, South America, Asia-Pacific, Middle East and Africa
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Key Companies Profile
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Olympus Corporation, Becton Dickinson and Company, ATMOS MedizinTechnik GmbH and Co. KG, Boston Scientific Corporation, FUJIFILM Holdings Corporation, Karl Storz SE and Co. KG, Laborie Medical Technologies Corporation, EndoMed Systems GmbH, Richard Wolf GmbH, Hoya Corporation (Pentax Medical)
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In this report, the&nbsp;global&nbsp;flexible endoscope market&nbsp;has been segmented into the following categories:&nbsp;
<ul style="text-align: justify;">
<li>By Product
<ul>
<li>Fiberscope</li>
<li>Video Endoscope</li>
</ul>
</li>
<li>By Procedure Type
<ul>
<li>Gastroscopy</li>
<li>Colonoscopy</li>
<li>Bronchoscopy</li>
<li>Ureteroscopy</li>
<li>Others</li>
</ul>
</li>
<li>By Application
<ul>
<li>Gastrointestinal Endoscopy</li>
<li>Pulmonary Endoscopy</li>
<li>Urological Endoscopy</li>
<li>Ear, Nose and Throat Endoscopy</li>
<li>Others</li>
</ul>
</li>
<li>By End-user
<ul>
<li>Hospitals</li>
<li>Clinics</li>
<li>Ambulatory Surgical Centers</li>
</ul>
</li>
<li>By Region
<ul>
<li>North America</li>
<li>Europe</li>
<li>Asia-Pacific</li>
<li>South America</li>
<li>Middle East and Africa</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Several medical devices companies like Olympus Corporation, Becton Dickinson and Company, ATMOS MedizinTechnik GmbH and Co. KG, Boston Scientific Corporation, FUJIFILM Holdings Corporation, Karl Storz SE and Co. KG, Laborie Medical Technologies Corporation, EndoMed Systems GmbH, Richard Wolf GmbH and Hoya Corporation (Pentax Medical) are flourishing in the flexible endoscope market by planning and adopting new strategies. They are complying with new strategic initiatives for flexible endoscopes to increase their market presence. New agreements, contracts, acquisitions, mergers, investments, and partnerships are major ways through which they are trying to achieve higher market share.&nbsp;
In 2023, AdaptivEndo and Plasmapp announced their collaboration to evaluate the use of low-temperature hydrogen peroxide gas plasma for various flexible endoscopy applications. STERLINK Plus was the sterilization system that was evaluated by AdaptivEndo and Plasmapp. The initial focus of the evaluation was the AdaptivEndo GI endoscope platform, which uses a reusable handpiece for endoscopy. AdaptivEndo aims to advance flexible, single-use endoscopes that reduce a patient's risk and increase access to care. AdaptivEndo combines the best aspects of single-use devices with the performance of a high-quality, reusable system.
Key Players Operating in the Global Flexible Endoscopy Market are:
<ul style="text-align: justify;">
<li>Olympus Corporation</li>
<li>Becton Dickinson and Company</li>
<li>ATMOS MedizinTechnik GmbH and Co. KG</li>
<li>Boston Scientific Corporation</li>
<li>FUJIFILM Holdings Corporation</li>
<li>Karl Storz SE and Co. KG</li>
<li>Laborie Medical Technologies Corporation</li>
<li>EndoMed Systems GmbH</li>
<li>Richard Wolf GmbH</li>
<li>Hoya Corporation (Pentax Medical)</li>
</ul>
Markets and Data report answers the following questions:
<ul style="text-align: justify;">
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
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Global Flexible Endoscope Market Assessment, Opportunities and Forecast, 2017-2031F

The flexible endoscope market is expected to grow due to the rising prevalence of gastrointestinal and pulmonary disorders, preference towards minimally invasive options, and technological advancements.   

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