by According to Vision Research Report Reports, the global endoscopy procedures estimates market size was valued at US$ 220.9 Mn in 2021 and is expected to grow at a CAGR of 1.2% from 2022 to 2030.
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Growth Factors
Growing prevalence of functional gastrointestinal disorders is one of the major factors for the high adoption of minimally invasive endoscopic procedures. For example, according to the data published by the endoscopy center of the gastroenterology associates of Pensacola, each year, about 62 million Americans are diagnosed with a digestive disorder. Similarly, in 2020, another report published in the Gastroenterology journal stated that over 40% of people in the world have functional gastrointestinal disorders.
The growing prevalence of chronic diseases increases the adoption of minimally invasive endoscopic surgeries to diagnose, treat, and prevent the internal organ complications associated with these diseases. According to the CDC’S National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP) report, about 6 in 10 adults in the U.S have a chronic disease. Moreover, the rapid progress by healthcare providers to introduce minimally invasive surgeries for better post-clinical outcomes is expected to drive the adoption of endoscopy procedures.
The increasing prevalence of gastrointestinal cancers is also expected to accelerate the adoption of endoscopy procedures all over the globe. Moreover, technological advancements in endoscopy devices further accelerate the adoption of this procedure to diagnose and treat several gastrointestinal disorders. The advancement of endoscopic devices to view intra-abdominal organs using video endoscopy and the integration of computer software with endoscopic devices also supports the adoption of endoscopic procedures.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 248.5 Million by 2030 |
| Growth Rate | CAGR of 1.2% From 2022 to 2030 |
| Largest Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
By Application Analysis
The gastroscopy application segment dominated the market in 2021 accounting for a share of 31.1%, in terms of the number of procedures. Other application segments are Gastrointestinal (GI) endoscopy, colonoscopy, laparoscopy, duodenoscopy, bronchoscopy, cystoscopy, and others.
An increase in the number of endoscopic surgeries performed for the diagnosis of the upper digestive tract or esophagus is the major factor attributed to the highest share of this segment.
Gastroscopy is recommended by the physicians for diagnosis of several common symptoms, such as indigestion, abdominal pain, dysphagia, excessive vomiting, unusual burping, and so on, which, in turn, drives the growth of this segment.
By Regional Analysis
Asia Pacific region dominated the global estimates with the highest share of more than 43.0% in 2021. The growing prevalence of digestive tract disorders coupled with a larger population contributed to the high adoption of endoscopic procedures in this region.
Increasing awareness about minimally invasive surgeries and the growing number of modern healthcare facilities are the major factors anticipated to boost the adoption of endoscopic procedures in the region.
The presence of a large number of healthcare facilities performing endoscopic surgeries and the high adoption of minimally invasive endoscopic procedures are expected to drive the region’s growth.
The increasing prevalence of functional gastrointestinal disorders and irritable bowel syndrome is also expected to drive the region’s growth.
Market Segmentation
- By Application
- Gastrointestinal (GI) Endoscopy
- Colonoscopy
- Laparoscopy
- Gastroscopy
- Duodenoscopy
- Bronchoscopy
- Cystoscopy
- Others
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K
- Germany
- France
- Italy
- Spain
- Russia
- Switzerland
- Denmark
- Asia-Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Thailand
- Indonesia
- Malaysia
- Vietnam
- Philippines
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Israel
- Qatar
- North America
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