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Flexible Endoscopes Market Size By Product (Fiberscope, Video Endoscope), By Application (GI Endoscopy, Pulmonary Endoscopy, ENT Endoscopy, Obstetrics/Gynecology, Urology), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI5194
  • Base Year: 2021
  • Report Format: PDF

Industry overview

Flexible Endoscopes Market size exceeded USD 5.7 billion in 2021 and is estimated to register around 7% CAGR between 2022 and 2028. Growing prevalence of gastrointestinal conditions along with rising geriatric population is anticipated to expedite the market growth significantly during the analysis period.
 

Flexible Endoscopes Market

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The chronic health has improved significantly over the past few years, owing to the increasing awareness regarding the importance of maintaining overall health & wellness among people with chronic conditions. In high-income nations, chronic diseases have long been the leading cause of death and disability.
 

As the World Health Organization (WHO) recognizes chronic disease conditions to be of primary importance, various government and non-government bodies are coming forth with awareness programs. For instance, the Chronic Health Improvement Research Program (CHIRP) has implemented worldwide comprising the Middle East & African countries to stimulate innovations, research, awareness, and education in order to improve the quality of life for people with complex & chronic health conditions. The WHO Global Health Promotion Conferences have developed the international principles & action areas for health promotion. Thus, supportive government initiatives for driving awareness regarding chronic disorders is further expected to render significant impact, driving the flexible endoscopes acceptance and market growth.
 

Flexible endoscopes refer to the endoscopy devices that are intended to be inserted into body during endoscopic procedures for examination, diagnosis, or therapeutic purpose. Flexible endoscopes are incorporated in the endoscopic surgeries to manage or treat the disorders related with the gastrointestinal system, respiratory system, etc.
 

However, changing regulations related to medical equipment may act as a barrier to the flexible endoscopes market demand. Several organizations and governments dictate guidelines and rules for the safer and more effective employment of endoscopy devices. The regulatory changes may lead to penalties and loss of market access in a global marketplace.
 

New medical devices regulations from the European Union (EU), Canada, and the U.S. were implemented simultaneously that impacted the companies' bottom lines. The International Organization for Standardization (ISO), the European Union (EU), and a group of countries have adopted the Medical Device Single Audit Program (MDSAP). This MDSAP has several disadvantages such as regulatory bodies are permitted to conduct unannounced inspections based on problems spotted comprising recalls, significant complaints as well as special audits. Some organizations have full time staff to assist with inspections and audits that become stressful for the companies, thereby increasing the complexity of the flexible endoscopes approval procedure. Thus, such changing regulations related to medical devices may limit industry growth over the coming years.
 

The COVID-19 pandemic has rendered a slightly negative impact in the early 2020 on the flexible endoscopes industry. Since the hospital admissions and facilities were delivered to the COVID-19 affected patients on an urgent basis in early 2020, several reports displayed a reduction in the number of endoscopy procedures that were proposed for the management of chronic diseases.
 

As per the recently published research article, the rate of endoscopy procedures reduced by 12% during the COVID-impacted period in the UK. Endoscopic procedures need the endoscopists to work in close proximity that raise the chances of endoscopists being exposed to coronavirus infection. Thus, several national and international health organizations issued recommendations & suggestions to lessen nosocomial contamination.
 

These recommendations also recommended performing only the emergent, urgent, & semi-urgent endoscopies, further postponing endoscopic procedures during the onset of the pandemic. Hence, the aforementioned factors slowed down the flexible endoscopes market growth especially around mid-2020.
 

However, some of the surgeries if not performed on time may lead to the death of patients. Thus, despite the current COVID-19 crisis, such emergency & urgent endoscopic procedures were performed in healthcare facilities across the globe. Such endoscopic procedures need flexible endoscopes to ease the procedures.
 

Growing prevalence of chronic conditions is anticipated to amplify the market statistics

The increasing prevalence of chronic disease conditions is anticipated to proliferate market growth in the coming years. The growing geriatric population suffering from target ailments has accelerated the demand for endoscopy procedures that has further propelled the flexible endoscopes market expansion positively.
 

Disorders such as cancer, stomach ulcer, among others promote substantial disease burden. Functional gastrointestinal disorders (FGIDs) refer to alteration in motility disturbance, visceral hypersensitivity, deviated mucosal & immune function, and interruptions in the central nervous system processing. These conditions inflict health care costs and affect the health-associated quality of life.
 

As per the American Society of Clinical Oncology (ASCO), in 2021, around 24,530 adults were diagnosed with primary cancerous tumors of the spinal cord and brain in the U.S. Moreover, the World Health Organization (WHO), reported an estimated prevalence of gastric cancer in Africa increased by more than 20% from 2010 and 2020.
 

This rising incidence of chronic diseases leads to a large number of patients opting for endoscopy procedures as a powerful tool for early-stage diagnosis. Hence, owing to the above statistics, the rising prevalence of chronic disorders is set to increase the demand for endoscopy procedures that will fuel the overall market size.
 

The advent of novel fiberscopes is set to stimulate the business landscape

Global Flexible Endocscopes Market Share By Product

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Based on product, the flexible endoscopes market is segmented as fiberscope and video endoscope. The fiberscope segment held majority market share in 2021 and was valued at more than USD 3,593 million. This high segmental share is owing to soaring demand and rising awareness regarding benefits offered by flexible fiberscope in the treatment & diagnosis of multiple chronic health conditions.
 

These flexible endoscopes are increasingly used in endoscopy procedures for diagnostics as well as therapeutics. The rising incidence of diseases requiring endoscopic evaluation and treatment are expected to promote the segmental growth.
 

Owing to technological advancements, the demand for flexible fiberscope is projected to rise during minimally invasive surgeries. Several advantages delivered by these novel devices including safety, enhanced ergonomics, and increased efficiency promoted their significance and use at healthcare facilities.
 

As per the research studies, flexible fibreoptic endoscopy with biopsy is more than 90% precise in diagnosing stomach cancer. Thus, the soaring demand and availability of innovative flexible fiberscope to inspect remote areas are set to facilitate the market expansion incrementally.
 

The surging prevalence of respiratory disorders is set to stimulate the business scenario

Based on application, the market is segmented as GI endoscopy, pulmonary endoscopy, ENT endoscopy, obstetrics/gynecology, urology, and others. The pulmonary endoscopy segment is set to register over 7% CAGR from 2022 to 2028. This significant growth is attributed to an increase in the prevalence of respiratory disorders due to the rapidly ageing population. Elderly people are more prone to several infections, specifically respiratory-tract infections (RTIs) owing to their compromised immune system.
 

As per the American Cancer Society (ACS), most individuals detected with lung cancer are 65 years and above. As a result, the growing need for respiratory procedures & treatment for conditions comprising lung cancer, chronic obstructive pulmonary disease, bronchitis, etc. is propelling the demand for flexible endoscopes to visualize, examine, and execute therapeutic interventions inside the respiratory tract.
 

Factors such as tobacco smoking, family hereditary of lung cancer, and air pollution is also contributing to large number of people suffering from respiratory disorders, thereby driving the segmental growth.
 

Rise in the number of endoscopy procedures in ambulatory surgical centers is expected to drive the segmental growth

Global Flexible Endoscopes Market By End-use

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Based on end-use, the market is segmented as hospitals, ambulatory surgical centers, and others. The ambulatory surgical centers segment held substantial market share in 2021 and is estimated to reach more than USD 2,602 million by 2028. This considerable market share is majorly attributed to the surging number of patient’s preference for ambulatory surgical centers for quality care and affordability.
 

Further, ASCs offer cost-effective and high-quality services, thereby delivering optimal procedural outcomes along with affordability. Additionally, the availability of a comprehensive range of treatments incorporating advanced technology and equipment caters to the patient population undergoing endoscopy procedures is expected to drive the adoption of flexible endoscopes in ASCs.
 

High product acceptance in the North America region owing to increasing number of endoscopy procedures is set to boost regional market statistics

Global Flexible Endoscopes Market Size By Region

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U.S. dominated the North America flexible endoscopes market with a significant business share in 2021 and is anticipated to exceed USD 3,020 million by 2028. The significant market share is attributable to several factors such as the presence of major industry players, an upsurge in the number of bariatric surgeries, etc.
 

As per the American Society for Metabolic and Bariatric Surgery (ASMBS), in 2019, around 256,000 bariatric procedures were performed in the U.S. Endoscopy has become a significant tool for evaluation and management of complications & primary bariatric interventions, thereby stimulating the flexible endoscopes demand positively.
 

Strategies adopted by major market players will fuel the industry outlook

Some of the major market players operating in the flexible endoscopes industry are Olympus Corporation, Boston Scientific Corporation, Fujifilm Corporation, and Karl Storz among others. These market players concentrate on strategic developments such as partnerships, new product launch & commercialization, vertical integration for business expansion. Furthermore, these players are heavily investing in R&D activities that enables them to innovative & capitalize on these products that further helps to garner maximum revenue in the market.
 

Recent industry developments:

  • In August 2021, Boston Scientific received market approval for its EXALT Model B Single-Use Bronchoscope. This bronchoscope is developed as a substitute for reusable bronchoscopes. This clearance allowed the company to expand its flexible endoscopes portfolio across multiple care settings.
     
  • In January 2021, Olympus Corporation announced the acquisition of Quest Photonic Devices in order to boost its presence in the surgical endoscopy market. This strategic move strengthened Olympus’s position as a global innovator and increased its customer base.
     

Flexible endoscopes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and in terms of volume (Units) from 2017 to 2028, for the following segments:

By Product

  • Fiberscope
  • Vide Endoscope

By Application

  • GI Endoscopy
  • Pulmonary Endoscopy
  • ENT Endoscopy
  • Obstetrics/Gynecology
  • Urology
  • Others

By End-use

  • Hospitals
  • Ambulatory Surgery Centers 
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia  
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Iran
    • Iraq
    • Nigeria
    • Qatar
    • Oman
    • Kuwait
    • Bahrain

 

Authors: Sumant Ugalmugale, Rupali Swain

Frequently Asked Questions (FAQ) :

Flexible endoscopes industry size surpassed USD 5.7 billion in 2021 and is expected to grow at a CAGR of 7% from 2022 to 2028 owing to the growing geriatric population and the rising prevalence of gastrointestinal conditions.

The flexible endoscopes market from fiberscopes exceeded USD 3,593 million in 2021 and will expand with increasing awareness regarding the multiple benefits of the product during the treatment and diagnosis of various chronic health conditions.

The pulmonary endoscopy market is estimated to record a CAGR of 7% through 2028 owing to an increase in the prevalence of respiratory disorders due to the rapidly ageing population.

In North America, the U.S. flexible endoscopes market is expected to cross USD 3,020 million up to 2028 driven by the presence of key industry players and a rise in the number of bariatric surgeries.

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Premium Report Details

  • Published Date: Feb 2022
  • Companies covered: 10
  • Tables & Figures: 328
  • Countries covered: 26
  • Pages: 218

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