Gastrointestinal Endoscopy Devices Market Size, Trends and Insights By Product Type (Endoscopes, Visualization Systems, Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices, Capsule Endoscopes, Accessories, Others), By Application (Diagnostic Endoscopy, Therapeutic Endoscopy, Screening, Others), By End User (Hospitals, Ambulatory Surgical Centers (ASCs), Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Olympus Corporation
- Boston Scientific Corporation
- Medtronic plc
- Johnson & Johnson (Ethicon Inc.)
- KARL STORZ SE & Co. KG
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Gastrointestinal Endoscopy Devices Market is expected to record a CAGR of 5.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 12,891.8 Million. By 2033, the valuation is anticipated to reach USD 21,413.4 Million.
The gastrointestinal endoscopy devices market encompasses a range of specialized medical instruments used for diagnostic and therapeutic procedures within the digestive system. These devices include endoscopes, visualization systems, accessories like biopsy forceps and catheters, and advanced technologies such as capsule endoscopes and robotic-assisted platforms.
Key applications include the diagnosis and treatment of gastrointestinal disorders like colorectal cancer, ulcers, and inflammatory bowel diseases. With advancements in technology and increasing adoption of minimally invasive procedures, the market continues to grow, driven by rising healthcare expenditures, aging populations, and ongoing innovations in medical device capabilities.
Gastrointestinal Endoscopy Devices Market – Significant Growth Factors
The Gastrointestinal Endoscopy Devices Market presents significant growth opportunities due to several factors:
- Technological Advancements: Continuous innovations in endoscope design, imaging quality, and therapeutic capabilities drive market growth by improving diagnostic accuracy and patient outcomes. These advancements also enhance procedural efficiency and expand the scope of minimally invasive procedures.
- Increasing Prevalence of Gastrointestinal Disorders: Rising incidences of conditions like colorectal cancer, GERD, and IBD necessitate frequent endoscopic procedures for diagnosis, monitoring, and treatment, thereby boosting demand for advanced gastrointestinal endoscopy devices.
- Shift towards Minimally Invasive Procedures: Growing preference among patients and healthcare providers for less invasive treatments enhances the demand for advanced endoscopic devices that offer improved safety, shorter recovery times, and reduced healthcare costs.
- Aging Population: The demographic shift towards an aging population increases the need for diagnostic and therapeutic procedures for age-related gastrointestinal issues. This demographic trend contributes to sustained market growth as older adults require ongoing monitoring and treatment for digestive health.
- Expansion in Emerging Markets: Untapped potential in developing regions offers opportunities for market expansion due to improving healthcare infrastructure, rising disposable incomes, and increasing awareness about gastrointestinal health.
- Integration of Artificial Intelligence (AI) and Robotics: The adoption of AI-driven diagnostics and robotic-assisted procedures presents opportunities for enhancing procedural efficiency, precision, and patient outcomes in gastrointestinal endoscopy. These technologies can streamline workflows, reduce procedural errors, and improve diagnostic accuracy, benefiting both healthcare providers and patients.
Gastrointestinal Endoscopy Devices Market – Mergers and Acquisitions
The Gastrointestinal Endoscopy Devices Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Gastrointestinal Endoscopy Devices Market include:
- In 2023, Olympus Corporation launched the EVIS X1, an advanced endoscopy system, tailored for the Chinese market. The system was showcased at the 6th annual China International Import Expo in Shanghai, highlighting Olympus’ commitment to innovation and expanding its presence in China.
- In 2023, AA Medical partnered with Certified Endoscopy Products, a Chicago-based medical device reprocessing firm specializing in endoscopic devices. This collaboration aims to establish a leading medical device reprocessing company catering to the endoscopy, orthopedic, and other surgical device markets.
- In 2021, Boston Scientific Corporation received FDA clearance for the EXALT Model D Single Use Duodenoscope, the first and only disposable duodenoscope approved for endoscopic retrograde cholangiopancreatography procedures. This milestone enhances the company’s market position, bolstering client trust and operational advancements in medical device innovation.
These mergers and acquisitions helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Gastrointestinal Endoscopy Devices Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Gastrointestinal Endoscopy Devices Market | Sacral Neuromodulation Market | Orthopedic Medical Implants Market |
| CAGR 5.8% (Approx) | CAGR 6.35% (Approx) | CAGR 4.65% (Approx) |
| USD 21,413.4 Million by 2033 | USD 741.39 Million by 2033 | USD 73.19 Billion by 2033 |
Gastrointestinal Endoscopy Devices Market – Significant Threats
The Gastrointestinal Endoscopy Devices Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Stringent Regulatory Requirements: Increasing regulatory scrutiny and compliance requirements for medical devices can delay product approvals, impacting market entry and innovation.
- High Cost of Equipment and Maintenance: The substantial initial cost and ongoing maintenance expenses associated with advanced endoscopic equipment may limit adoption, particularly in smaller healthcare facilities and developing regions.
- Competition from Alternative Diagnostic Technologies: Non-invasive imaging technologies such as MRI, CT scans, and virtual colonoscopy pose a competitive threat by offering alternatives to traditional endoscopic procedures.
- Healthcare Budget Constraints: Budgetary constraints within healthcare systems may lead to reduced capital expenditures on medical equipment, potentially limiting market growth and the adoption of new technologies.
- Risk of Infections and Contamination: Concerns over infections and cross-contamination associated with reusable endoscopes can impact patient safety perceptions and healthcare provider preferences, affecting device utilization rates.
Category-Wise Insights:
By Product Type
- Endoscopes: Flexible and rigid devices used for visual examination and treatment of gastrointestinal tract disorders, such as colonoscopes and gastroscopes. Trends include advancements in imaging technology for enhanced visualization, miniaturization for improved patient comfort, and integration with AI for real-time analysis and decision support.
- Visualization Systems: Consists of video processors, cameras, and monitors to display endoscopic images. Trends focus on high-definition imaging, integration with AI for real-time analysis, ergonomic designs for user-friendly operation, and wireless connectivity for seamless data transmission.
- Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices: Specialized tools like catheters and guidewires used for diagnostic and therapeutic procedures in the bile ducts and pancreas. Trends include improvements in maneuverability, compatibility with advanced imaging modalities such as fluoroscopy and ultrasound, and the development of disposable components for enhanced infection control and patient safety.
- Capsule Endoscopes: Small, pill-sized devices for non-invasive imaging of the small intestine. Trends involve enhancements in battery life for extended procedure durations, higher image resolution for improved diagnostic accuracy, and integration with wireless transmission systems for efficient data capture and analysis in remote settings.
- Accessories: Includes biopsy forceps, cleaning brushes, insufflators, and irrigation systems essential for endoscopic procedures. Trends include the development of disposable accessories to mitigate infection risks, ergonomic designs for procedural efficiency and clinician comfort, and compatibility with a wide range of endoscope models to meet diverse clinical needs.
- Others: Encompasses innovative technologies such as robotic-assisted platforms and magnetic navigation systems. Trends include the integration of AI for autonomous navigation and enhanced diagnostic capabilities, advancements in therapeutic modalities for complex procedures, and the development of specialized tools for emerging applications in gastrointestinal endoscopy.
By Application
- Diagnostic Endoscopy: Involves using endoscopic devices for visual examination and biopsy of the gastrointestinal tract to diagnose conditions like colorectal cancer, ulcers, and inflammatory bowel diseases. Trends include advancements in imaging technology for clearer visualization and the integration of AI for enhanced diagnostic accuracy.
- Therapeutic Endoscopy: Utilizes endoscopic devices for minimally invasive procedures such as polypectomy, hemostasis, and stent placement to treat gastrointestinal conditions. Trends include the development of advanced therapeutic tools and techniques to improve procedural efficacy and patient outcomes.
- Screening: Focuses on routine endoscopic screenings, particularly for colorectal cancer, aimed at early detection and prevention. Trends include increased emphasis on population-based screening programs, advancements in screening technologies for improved detection rates, and the adoption of patient-friendly approaches to enhance screening compliance.
- Others: Includes specialized applications such as bariatric endoscopy, pediatric endoscopy, and capsule endoscopy for examining the small intestine. Trends involve expanding indications for endoscopic procedures, the development of tailored devices for specific patient demographics, and the integration of wireless and capsule technologies for enhanced diagnostic capabilities.
By End Users
- Hospitals: Hospitals are major users of gastrointestinal endoscopy devices, performing a wide range of diagnostic and therapeutic procedures. Trends include the integration of advanced endoscopic technologies, such as robotic-assisted procedures and AI-driven diagnostics, to improve patient outcomes and procedural efficiency.
- Ambulatory Surgical Centers (ASCs): ASCs specialize in outpatient surgeries, including gastrointestinal endoscopy procedures. Trends involve the adoption of portable and cost-effective endoscopic devices to cater to the growing demand for minimally invasive treatments outside traditional hospital settings.
- Clinics: Gastroenterology clinics utilize endoscopy devices for routine screenings, diagnosis, and treatment of gastrointestinal disorders. Trends include the incorporation of compact and user-friendly endoscopes, enhancing accessibility and patient comfort during procedures.
- Others: This category includes specialized facilities such as academic medical centers, research institutes, and private practices. Trends focus on customized endoscopic solutions, research-driven innovations, and collaborations with technology providers to advance diagnostic capabilities and treatment modalities in gastroenterology.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 12,891.8 Million |
| Projected Market Size in 2033 | USD 21,413.4 Million |
| Market Size in 2023 | USD 12,185.1 Million |
| CAGR Growth Rate | 5.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Application, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Gastrointestinal Endoscopy Devices Market – Regional Analysis
The Gastrointestinal Endoscopy Devices Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the trend in the gastrointestinal endoscopy devices market includes a strong emphasis on technological advancements and the adoption of AI-driven diagnostics. There is also a growing preference for premium endoscopic equipment in hospitals and ASCs, driven by higher healthcare expenditures and stringent regulatory standards promoting advanced medical technologies.
- Europe: Europe sees a trend towards sustainable healthcare practices, influencing the adoption of eco-friendly endoscopy devices and accessories. There’s also a focus on integrated healthcare systems, promoting the use of telemedicine and remote monitoring capabilities within endoscopic procedures, enhancing patient care and operational efficiency.
- Asia-Pacific: The Asia-Pacific region experiences a trend towards rapid market expansion due to increasing healthcare infrastructure investments and rising awareness of gastrointestinal health. There’s a significant uptake of cost-effective endoscopic solutions in clinics and ASCs, along with advancements in mobile health technologies to facilitate remote consultations and expand access to rural areas.
- LAMEA (Latin America, Middle East, and Africa): LAMEA exhibits a trend towards improving healthcare accessibility through public-private partnerships and government initiatives. There’s a growing demand for affordable and portable endoscopy devices to address regional healthcare disparities. Additionally, technological advancements in endoscopic imaging and therapeutic capabilities are being tailored to meet local healthcare needs and enhance diagnostic accuracy in the region.
Competitive Landscape – Gastrointestinal Endoscopy Devices Market
The Gastrointestinal Endoscopy Devices Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Olympus Corporation
- Boston Scientific Corporation
- Medtronic plc
- Johnson & Johnson (Ethicon Inc.)
- KARL STORZ SE & Co. KG
- Fujifilm Holdings Corporation
- Stryker Corporation
- HOYA Corporation (PENTAX Medical)
- Smith & Nephew plc
- Cook Medical Inc.
- CONMED Corporation
- Ambu A/S
- Richard Wolf GmbH
- STERIS plc
- EndoChoice Holdings Inc.
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New players in the gastrointestinal endoscopy devices market are leveraging innovation to gain traction. Companies like Ambu A/S have introduced disposable endoscopes to reduce infection risks and procedural costs. Meanwhile, key players such as Olympus Corporation and Boston Scientific Corporation dominate the market with extensive product portfolios and global distribution networks.
Olympus, known for high-quality endoscopes and imaging systems, maintains market leadership through continuous technological advancements. Boston Scientific excels with a focus on therapeutic devices and strategic acquisitions, reinforcing its position through comprehensive solutions for gastrointestinal diagnostics and treatments.
The Gastrointestinal Endoscopy Devices Market is segmented as follows:
By Product Type
- Endoscopes
- Visualization Systems
- Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices
- Capsule Endoscopes
- Accessories
- Others
By Application
- Diagnostic Endoscopy
- Therapeutic Endoscopy
- Screening
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Clinics
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Gastrointestinal Endoscopy Devices Market, (2024 – 2033) (USD Million)
- 2.2 Global Gastrointestinal Endoscopy Devices Market: snapshot
- Chapter 3. Global Gastrointestinal Endoscopy Devices Market – Industry Analysis
- 3.1 Gastrointestinal Endoscopy Devices Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Technological Advancements
- 3.2.2 Increasing Prevalence of Gastrointestinal Disorders
- 3.2.3 Shift towards Minimally Invasive Procedures
- 3.2.4 Aging Population
- 3.2.5 Expansion in Emerging Markets
- 3.2.6 Integration of Artificial Intelligence (AI) and Robotics.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Gastrointestinal Endoscopy Devices Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Gastrointestinal Endoscopy Devices Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Gastrointestinal Endoscopy Devices Market – Product Type Analysis
- 5.1 Global Gastrointestinal Endoscopy Devices Market Overview: By Product Type
- 5.1.1 Global Gastrointestinal Endoscopy Devices Market Share, By Product Type, 2023 and 2033
- 5.2 Endoscopes
- 5.2.1 Global Gastrointestinal Endoscopy Devices Market by Endoscopes, 2024 – 2033 (USD Million)
- 5.3 Visualization Systems
- 5.3.1 Global Gastrointestinal Endoscopy Devices Market by Visualization Systems, 2024 – 2033 (USD Million)
- 5.4 Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices
- 5.4.1 Global Gastrointestinal Endoscopy Devices Market by Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices, 2024 – 2033 (USD Million)
- 5.5 Capsule Endoscopes
- 5.5.1 Global Gastrointestinal Endoscopy Devices Market by Capsule Endoscopes, 2024 – 2033 (USD Million)
- 5.6 Accessories
- 5.6.1 Global Gastrointestinal Endoscopy Devices Market by Accessories, 2024 – 2033 (USD Million)
- 5.7 Others
- 5.7.1 Global Gastrointestinal Endoscopy Devices Market by Others, 2024 – 2033 (USD Million)
- 5.1 Global Gastrointestinal Endoscopy Devices Market Overview: By Product Type
- Chapter 6. Global Gastrointestinal Endoscopy Devices Market – Application Analysis
- 6.1 Global Gastrointestinal Endoscopy Devices Market Overview: By Application
- 6.1.1 Global Gastrointestinal Endoscopy Devices Market Share, By Application, 2023 and 2033
- 6.2 Diagnostic Endoscopy
- 6.2.1 Global Gastrointestinal Endoscopy Devices Market by Diagnostic Endoscopy, 2024 – 2033 (USD Million)
- 6.3 Therapeutic Endoscopy
- 6.3.1 Global Gastrointestinal Endoscopy Devices Market by Therapeutic Endoscopy, 2024 – 2033 (USD Million)
- 6.4 Screening
- 6.4.1 Global Gastrointestinal Endoscopy Devices Market by Screening, 2024 – 2033 (USD Million)
- 6.5 Others
- 6.5.1 Global Gastrointestinal Endoscopy Devices Market by Others, 2024 – 2033 (USD Million)
- 6.1 Global Gastrointestinal Endoscopy Devices Market Overview: By Application
- Chapter 7. Global Gastrointestinal Endoscopy Devices Market – End User Analysis
- 7.1 Global Gastrointestinal Endoscopy Devices Market Overview: By End User
- 7.1.1 Global Gastrointestinal Endoscopy Devices Market Share, By End User, 2023 and 2033
- 7.2 Hospitals
- 7.2.1 Global Gastrointestinal Endoscopy Devices Market by Hospitals, 2024 – 2033 (USD Million)
- 7.3 Ambulatory Surgical Centers (ASCs)
- 7.3.1 Global Gastrointestinal Endoscopy Devices Market by Ambulatory Surgical Centers (ASCs), 2024 – 2033 (USD Million)
- 7.4 Clinics
- 7.4.1 Global Gastrointestinal Endoscopy Devices Market by Clinics, 2024 – 2033 (USD Million)
- 7.5 Others
- 7.5.1 Global Gastrointestinal Endoscopy Devices Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Gastrointestinal Endoscopy Devices Market Overview: By End User
- Chapter 8. Gastrointestinal Endoscopy Devices Market – Regional Analysis
- 8.1 Global Gastrointestinal Endoscopy Devices Market Regional Overview
- 8.2 Global Gastrointestinal Endoscopy Devices Market Share, by Region, 2023 & 2033 (USD Million)
- 8.3. North America
- 8.3.1 North America Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.3.1.1 North America Gastrointestinal Endoscopy Devices Market, by Country, 2024 – 2033 (USD Million)
- 8.3.1 North America Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.4 North America Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033
- 8.4.1 North America Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033 (USD Million)
- 8.5 North America Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033
- 8.5.1 North America Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033 (USD Million)
- 8.6 North America Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033
- 8.6.1 North America Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.7.1.1 Europe Gastrointestinal Endoscopy Devices Market, by Country, 2024 – 2033 (USD Million)
- 8.7.1 Europe Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.8 Europe Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033 (USD Million)
- 8.9 Europe Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033
- 8.9.1 Europe Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033 (USD Million)
- 8.10 Europe Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033
- 8.10.1 Europe Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.11.1.1 Asia Pacific Gastrointestinal Endoscopy Devices Market, by Country, 2024 – 2033 (USD Million)
- 8.11.1 Asia Pacific Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.12 Asia Pacific Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033 (USD Million)
- 8.13 Asia Pacific Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033
- 8.13.1 Asia Pacific Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033 (USD Million)
- 8.14 Asia Pacific Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.15.1.1 Latin America Gastrointestinal Endoscopy Devices Market, by Country, 2024 – 2033 (USD Million)
- 8.15.1 Latin America Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.16 Latin America Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033 (USD Million)
- 8.17 Latin America Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033
- 8.17.1 Latin America Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033 (USD Million)
- 8.18 Latin America Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033
- 8.18.1 Latin America Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.19.1.1 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, by Country, 2024 – 2033 (USD Million)
- 8.19.1 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, 2024 – 2033 (USD Million)
- 8.20 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, by Product Type, 2024 – 2033 (USD Million)
- 8.21 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033
- 8.21.1 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, by Application, 2024 – 2033 (USD Million)
- 8.22 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Gastrointestinal Endoscopy Devices Market, by End User, 2024 – 2033 (USD Million)
- Chapter 9. Company Profiles
- 9.1 Olympus Corporation
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Boston Scientific Corporation
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Medtronic plc
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Johnson & Johnson (Ethicon Inc.)
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 KARL STORZ SE & Co. KG
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Fujifilm Holdings Corporation
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Stryker Corporation
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 HOYA Corporation (PENTAX Medical)
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Smith & Nephew plc
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Cook Medical Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 CONMED Corporation
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Ambu A/S
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Richard Wolf GmbH
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 STERIS plc
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 EndoChoice Holdings Inc.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Others.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 Olympus Corporation
List Of Figures
Figures No 1 to 30
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Olympus Corporation
- Boston Scientific Corporation
- Medtronic plc
- Johnson & Johnson (Ethicon Inc.)
- KARL STORZ SE & Co. KG
- Fujifilm Holdings Corporation
- Stryker Corporation
- HOYA Corporation (PENTAX Medical)
- Smith & Nephew plc
- Cook Medical Inc.
- CONMED Corporation
- Ambu A/S
- Richard Wolf GmbH
- STERIS plc
- EndoChoice Holdings Inc.
- Others
FAQs
The key factors driving the Market are Technological Advancements, Increasing Prevalence of Gastrointestinal Disorders, Shift towards Minimally Invasive Procedures, Aging Population, Expansion in Emerging Markets, Integration of Artificial Intelligence (AI) and Robotics.
The “Diagnostic Endoscopy” had the largest share in the global market for Gastrointestinal Endoscopy Devices.
The “Endoscopes” category dominated the market in 2023.
The key players in the market are Olympus Corporation, Boston Scientific Corporation, Medtronic plc, Johnson & Johnson (Ethicon Inc.), KARL STORZ SE & Co. KG, Fujifilm Holdings Corporation, Stryker Corporation, HOYA Corporation (PENTAX Medical), Smith & Nephew plc, Cook Medical Inc., CONMED Corporation, Ambu A/S, Richard Wolf GmbH, STERIS plc, EndoChoice Holdings Inc., Others.
“North America” had the largest share in the Gastrointestinal Endoscopy Devices Market.
The global market is projected to grow at a CAGR of 5.8% during the forecast period, 2024-2033.
The Gastrointestinal Endoscopy Devices Market size was valued at USD 12,891.8 Million in 2024.