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Flexible Endoscopes Market

Flexible Endoscopes Market Size, Share & Trends Analysis Report By Type (Laparoscopes, Arthroscopes, Ureteroscopes, Cystoscopes, Gynecology Endoscopes, Neuroendoscopes, Bronchoscopes, Hysteroscopes, Laryngoscopes, Sinuscopes, Otoscopes), By End-use (Hospitals, Outpatient Facilities), By Region, And Segment Forecasts, 2024-2031

Report ID : 1731 | Published : 2024-06-12 | Pages: 180 | Format: PDF/EXCEL

The Global Flexible Endoscopes Market Size is valued at 9.22 billion in 2023 and is predicted to reach 15.67 billion by the year 2031 at a 6.90% CAGR during the forecast period for 2024-2031. 

https://www.insightaceanalytic.com/images_data/555016862.JPG

An optical device that transmits light and relays images back to the viewer is known as a flexible endoscope. Moreover, these devices have flexible, transparent fibers. The body's interior can be diagnosed and treated with a flexible endoscope. The increased prevalence of chronic diseases affecting the internal body systems, the advantages of flexible microscopes over competitors, and the increased need for early diagnosis of chronic diseases are the main drivers driving the growth of the market under study. Furthermore, the market is growing as a result of the spike in adoption brought on by flexible endoscopes' advantages over competitors. 

In addition, the growing senior population with target diseases has raised the demand for endoscopic procedures, which has driven the market growth for flexible endoscopes. It is anticipated that boosting government initiatives to increase public awareness of chronic diseases will significantly affect the acceptance of flexible endoscopes and market expansion. On the other hand, the dearth of experienced experts, such as endoscopists, in developing countries is one of the biggest problems the flexible endoscopes market is now facing. Flexible endoscopes' high price is also restricting the market. 

Recent Developments:

  • In August 2021, the EXALT Model B Single-Use Bronchoscope from Boston Scientific has FDA approval. The single-use EXALT Model B bronchoscope is the most recent advancement in flexible bronchoscopy. It was also designed for use in ICUs and is intended to help maintain airway clarity during difficult breathing operations like the insertion of double-lumen tubes.
  • In January 2021, Quest Photonic Devices was purchased by Olympus Corporation. Its business in the surgical endoscopy industry has expanded due to the purchase. Furthermore, this tactical maneuver expanded Olympus Corporation's customer base, strengthening its dominance in the flexible endoscope industry. 

Competitive Landscape:

Some of the flexible endoscopes market players are:

  • Ambu A/S
  • Becton, Dickinson and Company
  • Boston Scientific Corporation
  • Cooper Surgical
  • Endomed Systems
  • Ethicon Endo-surgery; LLC.
  • Fujifilm Corporation
  • Hoya Corporation
  • Karl Storz GmbH & Co. KG.
  • Laborie Medical Technologies
  • Machida Endoscope Co.
  • Medtronic Plc (Covidien)
  • Olympus Corporation
  • Pentax Medical
  • Richard Wolf GmbH
  • Smith & Nephew, Inc.
  • Stryker Corporation 

Market Segmentation:

The flexible endoscopes market is segmented on the basis of type and end-use. Type segment includes Laparoscopes, Arthroscopes, Ureteroscopes, Cystoscopes, Gynecology Endoscopes, Neuroendoscopes, Bronchoscopes, Hysteroscopes, Laryngoscopes, Sinuscopes, Otoscopes, Sigmoidoscopes, Pharyngoscopes, Duodenoscope, Nasopharyngoscopes, Rhinoscopes and Colonoscopes. By end-use, the market is segmented into Hospitals and Outpatient Facilities.

Based On Type, The Colonoscopes Segment Is Accounted As A Major Contributor In The Flexible Endoscopes Market

The colonoscopes category is expected to hold a major share in the global flexible endoscopes market in 2023 because there is a greater need for colonoscopes as a diagnostic and preventive tool since colorectal cancer and other gastrointestinal problems are becoming more common. Moreover, improvements in efficiency and safety brought about by technological developments in colonoscopy equipment have increased the procedure's acceptability and accessibility.

Outpatient Facilities Segment Witness Growth At A Rapid Rate

The outpatient facilities segment is projected to grow at a rapid rate in the global flexible endoscopes market. This high growth is due to advantageous reimbursement regulations and the widespread use of endoscopic devices in outpatient clinics. The market for outpatient facilities is anticipated to develop at the fastest pace during the projected period due to the rising need for healthcare services that are both affordable and convenient. For many patients, these facilities are a more inexpensive option because they provide medical care that does not necessitate an overnight stay in the hospital.

In The Region, The North America Flexible Endoscopes Market Holds A Significant Revenue Share

The North America flexible endoscopes market is expected to register the most increased market share in revenue in the near future. The rise in chronic illnesses that call for flexible endoscopes is to blame for this. For instance, several diseases are very common, including irritable bowel syndrome, colorectal cancer, and stomach cancer. Another element driving market expansion in the area is the increase in the population of older adults more prone to chronic illnesses.

Easy access to technologically cutting-edge flexible endoscopes and product launches are other elements that contribute to the market's expansion in the region. In addition, Asia Pacific is projected to grow at a rapid rate in the global flexible endoscopes market. This can be attributed to the growing number of older adults prone to chronic illnesses. The region also exhibits a strong presence of important firms, accelerating modern endoscopes' development. Numerous supportive activities also stimulate the regional industrial share to improve the healthcare system and raise awareness of chronic diseases. 

Flexible Endoscopes Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 9.22 Bn

Revenue forecast in 2031

USD 15.67 Bn

Growth rate CAGR

CAGR of 6.90% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Billion, and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Product, Type, And End User

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Olympus Corporation; Ethicon Endo-surgery; LLC.; FUJIFILM Holdings Corporation; Stryker Corporation; Boston Scientific Corporation; Karl Storz GmbH & Co. KG.; Smith & Nephew Inc.; Richard Wolf GmbH; Medtronic Plc (Covidien); Ambu A/S; PENTAX Medical and Machida Endoscope Co., Ltd.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Flexible Endoscopes Market Snapshot

Chapter 4. Global Flexible Endoscopes Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Laparoscopes
5.2.2. Arthroscopes
5.2.3. Ureteroscopes
5.2.4. Cystoscopes
5.2.5. Gynecology Endoscopes
5.2.6. Neuroendoscopes
5.2.7. Bronchoscopes
5.2.8. Hysteroscopes
5.2.9. Laryngoscopes
5.2.10. Sinuscopes
5.2.11. Otoscopes
5.2.12. Sigmoidoscopes
5.2.13. Pharyngoscopes
5.2.14. Duodenoscope
5.2.15. Nasopharyngoscopes
5.2.16. Rhinoscopes
5.2.17. Colonoscopes

Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis
6.1. by End-users & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-users:

6.2.1. Hospitals
6.2.2. Outpatients Facilities

Chapter 7. Flexible Endoscopes Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
7.1.2. North America Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.1.3. North America Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.2. Europe

7.2.1. Europe Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
7.2.2. Europe Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.2.3. Europe Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
7.3.2. Asia Pacific Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.3.3. Asia Pacific Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.4. Latin America

7.4.1. Latin America Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
7.4.2. Latin America Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.4.3. Latin America Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
7.5.2. Middle East & Africa Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.5.3. Middle East & Africa Flexible Endoscopes Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles


8.2.1. Ambu A/S
8.2.2. Becton, Dickinson and Company
8.2.3. Boston Scientific Corporation
8.2.4. Cooper Surgical
8.2.5. Endomed Systems
8.2.6. Ethicon Endo-surgery; LLC.
8.2.7. Fujifilm Corporation
8.2.8. Hoya Corporation
8.2.9. Karl Storz GmbH & Co. KG.
8.2.10. Laborie Medical Technologies
8.2.11. Machida Endoscope Co.
8.2.12. Medtronic Plc (Covidien)
8.2.13. Olympus Corporation
8.2.14. Pentax Medical
8.2.15. Richard Wolf GmbH
8.2.16. Smith & Nephew, Inc.
8.2.17. Stryker Corporation
8.2.18. Other Prominent Players

Segmentation of Flexible Endoscopes Market-

Flexible Endoscopes Market By Type

  • Laparoscopes
  • Arthroscopes
  • Ureteroscopes
  • Cystoscopes
  • Gynecology Endoscopes
  • Neuroendoscopes
  • Bronchoscopes
  • Hysteroscopes
  • Laryngoscopes
  • Sinuscopes
  • Otoscopes
  • Sigmoidoscopes
  • Pharyngoscopes
  • Duodenoscope
  • Nasopharyngoscopes
  • Rhinoscopes
  • Colonoscopes 

https://www.insightaceanalytic.com/images_data/844821502.JPG

Flexible Endoscopes Market By End-Use

  • Hospitals
  • Outpatient Facilities

Flexible Endoscopes Market By Region

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Flexible Endoscopes Market?

Flexible Endoscopes Market expected to grow at a 6.90% CAGR during the forecast period for 2024-2031

Olympus Corporation; Ethicon Endo-surgery; LLC.; FUJIFILM Holdings Corporation; Stryker Corporation; Boston Scientific Corporation; Karl Storz GmbH

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