According to Meticulous Research®'s latest report, the endoscopy equipment market is projected to reach $59.8 billion by 2029, with a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2029. Endoscopy is a critical medical procedure used for diagnosing and treating complications related to various body systems, including the gastrointestinal, urological, respiratory, and gynecological systems. Endoscopic devices typically consist of long, thin tubes that allow for internal examinations of organs or tissues.

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Impact of COVID-19

The COVID-19 pandemic significantly impacted the endoscopy equipment market due to the strain on healthcare systems, strict isolation protocols, and travel restrictions. In the U.K., the National Endoscopic Database (NED) reported a dramatic decrease in endoscopy procedures during the pandemic, dropping to just 12% of pre-COVID-19 levels. By late March 2020, procedures fell below 1,800 per week. The pandemic led to a reduction in patient visits, rescheduling of procedures for safety reasons, and disruptions in the supply chain for endoscopy products.

Market Segmentation

The global endoscopy equipment market is segmented by product, application, end user, and geography. Products include endoscopes (rigid, flexible, capsule, disposable/single-use, and robot-assisted), visualization equipment, accessories (insufflators, mouthpieces, light cables), and software. Applications range from upper gastrointestinal (GI) endoscopy to colonoscopy, obstetrics/gynecology endoscopy, arthroscopy, and bronchoscopy. End users include hospitals & clinics, ambulatory surgery centers, and other healthcare facilities.

Key Market Trends

In 2022, endoscopes are anticipated to hold the largest market share, driven by an aging population, increased chronic disease burden, and growing preference for disposable endoscopes. According to OECD data, the global elderly population is expected to grow from over 1 billion in 2021 to 1.4 billion by 2030, fueling the demand for endoscopic procedures.

Application Focus

The upper gastrointestinal (GI) endoscopy segment is projected to dominate the market in 2022. This is attributed to the high prevalence of upper GI disorders and the availability of screening programs for early cancer detection.

End User Insights

Hospitals and clinics are expected to account for the largest share of the endoscopy equipment market in 2022. These facilities are primary healthcare providers with high patient inflows and a significant volume of endoscopic procedures due to the global burden of chronic diseases.

Key Players

Leading companies in the endoscopy equipment market include Boston Scientific Corporation, Johnson & Johnson Services, Inc., Richard Wolf GmbH, FUJIFILM Holdings Corporation, Olympus Corporation, Stryker Corporation, Medtronic Private Limited, Nipro Corporation, MEDIVATORS B.V., HOYA CORPORATION, and The Cooper Companies, Inc.

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