Flexible Endoscopes Market Analysis And Forecast To 2031: By Type of Waste (Hazardous, Non-hazardous), By Service (Collection, Transportation & Storage Services, Treatment and Disposable Services, Recycling Services), By Waste Generator (Hospitals, Laboratory and Research Centers, Nursing Homes), And Region

The global flexible endoscopes market was valued at USD 5.4 billion in 2021 and it is anticipated to grow up to USD 11.0 billion by 2031, at a CAGR of 7.4% during the forecast period.

Flexible endoscopes are typically made from a long, thin, flexible tube that is equipped with a light source and a camera. The camera is used to transmit images of the interior of the body to a monitor, where they can be viewed by the doctor. Flexible endoscopes are generally safe, but there is a small risk of infection associated with their use. There is also a risk of tissue damage if the endoscope is not used properly.

Global Flexible Endoscopes Market Scope and Report Structure
Report Attribute Details
Market Size in 2021$5.4 bn
Market Size in 2031$11.0 bn
Growth Rate (2021-31)7.4%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredProduct, Application, End-use, and Region
Key CompaniesBecton, Dickinson and Company, Boston Scientific Corporation, Endomed Systems, Fujifilm Corporation, Hoya Corporation (Pentax Medical), Karl Storz, Laborie Medical Technologies, Olympus Corporation, and Richard Wolf GmbH
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends and Drivers

The innovation of medical technology continues to shape the future of healthcare. Devices such as fiberscopes and video endoscopes have undergone constant advancements over recent years. Nanotech and other breakthrough technologies are also being leveraged to minimize inflammation and infection risk, and subsequently improve the success rate of procedures. The rapid tech development is creating a positive outlook for the flexible endoscopes industry worldwide. Industry players are also emphasizing research and development activities to develop cutting-edge medical technologies and commercialize advanced flexible endoscope components. Gastrointestinal (GI) disorders are among the debilitating health conditions, with 5.9% of the adults diagnosed with ulcers in 2018, according to the Centers for Disease Control and Prevention. Since endoscopy is considered a critical diagnostic tool for digestive disorders, the growing GI disease burden will provide lucrative opportunities for flexible endoscopes market expansion over the forecast period.

Market Restraints and Challenges

One of the key restraints for the growth of the flexible endoscopes market is the lack of skilled labor for operating these devices. There is a high level of training required to use flexible endoscopes, which can limit their adoption in some settings. Additionally, flexible endoscopes are more expensive than other types of endoscopes, which can also limit their use in some settings.

Global Flexible Endoscopes Market Segmental Overview

The report analyses the global flexible endoscopes market based on product, application, end-use, and region.

Global Flexible Endoscopes Market by Product

Based on product, it is segmented into video endoscope and fiberscope categories. Among these, video endoscope accounted for significant market share in 2021. This product is widely used in diagnostic applications, including the endoscopic examination of the esophagus, and can function as a mobile and convenient solution across hospital settings. The popularity of video endoscopes is further attributable to the high awareness of their benefits in the early diagnosis of chronic diseases, including ulcers, digestive tract bleeding, and gastritis.

Global Flexible Endoscopes Market by Application

Based on the application spectrum, the flexible endoscopes market is divided into GI endoscopy, ENT endoscopy, urology, pulmonary endoscopy, and others. The pulmonary endoscopy segment among these is set to witness depict a significant CAGR through 2031. This growth is attributed mainly to an increase in the number of patients with respiratory diseases like chronic obstructive pulmonary disease (COPD), asthma, and lung cancer. According to the CDC’s data, COPD impacts around 15 million people across the U.S. This high disease prevalence will escalate the use of different types of flexible endoscopes in pulmonary procedures.

Global Flexible Endoscopes Market by End-user

With regards to end-user, the flexible endoscopes market is divided into hospitals, clinics, and ambulatory surgical centers. Hospitals are adopting novel flexible endoscopes to rapidly deliver reliable test results. A wide range of technologically advanced flexible endoscopes with proven accuracy has also been made available to perform disease treatment procedures across hospital settings. These factors could drive the market demand from the hospitals segment, which is likely to register significant revenue by 2031.

Geographical Analysis of Global Flexible Endoscopes Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America flexible endoscopes market revenue is poised to grow significant CAGR during the forthcoming years. This can be credited to the expanding geriatric population, often susceptible to chronic diseases. A robust presence of key manufacturers is also observed across the region, resulting in the accelerated production of advanced endoscopes. Varied supportive initiatives to strengthen healthcare infrastructure and increase in chronic disease awareness are also stimulating the regional industry share.

Moreover, the regional market is estimated to retain the dominant position throughout the forecast period owing to the increasing adoption of elective endoscopic procedures, improved healthcare expenditure, and the high geriatric population. In addition, the high burden of cancer and functional gastrointestinal disorders in the U.S. is anticipated to further drive the market over the forecast period. For instance, according to the American Cancer Society, about 1.9 million new cancer cases are estimated to be diagnosed in 2021 in the U.S

Major Players in the Global Flexible Endoscopes Market

The key players in the flexible endoscopes market are Becton, Dickinson and Company, Boston Scientific Corporation, Endomed Systems, Fujifilm Corporation, Hoya Corporation (Pentax Medical), Karl Storz, Laborie Medical Technologies, Olympus Corporation, Richard Wolf GmbH, among others.

COVID-19 Impact

According to WHO, around 30% of healthcare facilities globally are not equipped to handle medical waste loads. The global flexible endoscopes market experienced tremendous pressure during the COVID-19 pandemic due to the high demand for healthcare waste management services. There is a large concern about hazardous medical waste produced during the COVID-19 pandemic and the risks of contamination associated with waste management. According to WHO, till now, around 10,000 tons of extra medical waste has been generated in response to the COVID-19 pandemic. While countries were actively procuring commodities such as personal protective equipment, PPE kits, diagnostic test kits, disinfectant chemicals, and vaccines, less attention and resources were allocated to the safe and sustainable management of COVID-19-related medical waste.

Recent Developments
  • In November 2021, RoundTable Healthcare Partners (“RoundTable”), announced that its portfolio company, Healthcare Components Group (“HCG”), has acquired Endoscopy Development Company (“EDC”)
  • In November 2021, Karl Storz gained U.S. FDA clearance for the Flexible Intubation Video Endoscope, designed for endotracheal intubation, diagnostic and therapeutic procedures. This move elevated the firms presence in the global market, while expanding its reach to a wider patient pool.
  • In April 30, 2021 Olympus announced the addition to its U.S. bronchoscopy portfolio of the 510(k)-cleared H-SteriScope Single-Use Bronchoscopes, a line of five premium endoscopes for use in advanced diagnostic and therapeutic procedures. The introduction of the H-SteriScope portfolio has been a collaboration between Veran Medical Technologies, Inc., a wholly owned Olympus subsidiary, and Hunan Vathin Medical Instrument Co., Ltd.
  • In May 2020, Ambu launched New Single-Use Cystoscope for improved workflow and enhanced productivity benefits.
Frequently Asked Questions

Q1. How big is the medical power supply market?

Ans. The global flexible endoscopes market size was USD 5.4 billion in 2021 and is anticipated to reach USD 11.0 billion in 2031, growing at a rate of 7.4% from 2022 to 2031.

Q2. What is the flexible endoscopes market growth rate?

Ans. The growth rate of the flexible endoscopes market is 7.4%.

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the flexible endoscopes market in 2021.

Q4. Which segment accounted for the largest flexible endoscopes market share?

Ans. By end user, the hospitals segment accounted for the largest flexible endoscopes market share.

Q5. Who are the key players in the flexible endoscopes market?

Ans. The global flexible endoscopes market report includes players such as Becton, Dickinson and Company, Boston Scientific Corporation, Endomed Systems, Fujifilm Corporation, Hoya Corporation (Pentax Medical), Karl Storz, Laborie Medical Technologies, Olympus Corporation, Richard Wolf GmbH, among others.

Q6. What are the factors driving the flexible endoscopes market growth?

Ans. The major factors driving the growth of the market are rapid advancement of flexible endoscope technology.

Q7. What are the key growth strategies of flexible endoscopes market players?

Ans. The key growth strategies of flexible endoscopes market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the flexible endoscopes market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the flexible endoscopes market during the forecast period.

 

Table of Contents

Chapter 1. Flexible Endoscope Market Overview

1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation

Chapter 2. Executive Summary

2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Premium Insights on the Market

3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Product
3.3. Market Attractiveness Analysis, by Application
3.4. Market Attractiveness Analysis, by End-user

Chapter 4. Flexible Endoscope Market Outlook

4.1. Flexible Endoscope Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Industry Vertical Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Flexible Endoscope Market
4.7. Impact of the Russia and Ukraine War on the Flexible Endoscope Market

Chapter 5. Flexible Endoscope Market by Product

5.1. Market Overview
5.2. Fiberscope
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Video endoscope
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Flexible Endoscope Market by Application

6.1. Market Overview
6.2. GI Endoscopy
6.2.1. Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Pulmonary Endoscopy
6.3.1. y Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. ENT Endoscopy
6.4.1. y Market Trends & Opportunity Analysis
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Urology
6.5.1. y Market Trends & Opportunity Analysis
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.6. Others
6.6.1. Key Market Trends & Opportunity Analysis
6.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Flexible Endoscope Market by End-user

7.1. Market Overview
7.2. Hospitals
7.2.1. Key Market Trends & Opportunity Analysis
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Ambulatory Surgical Centers
7.3.1. Key Market Trends & Opportunity Analysis
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Clinics
7.4.1. Key Market Trends & Opportunity Analysis
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Flexible Endoscope Market, by Region

8.1. Overview
8.2. North America
8.2.1. Key Market Trends & Opportunity Analysis
8.2.2. North America Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.2.3. North America Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.4. North America Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.2.5. North America Flexible Endoscope Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.2.6.2. The U.S. Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.6.3. The U.S. Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.2.7.2. Canada Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.7.3. Canada Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.2.8.2. Mexico Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.8.3. Mexico Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends & Opportunity Analysis
8.3.2. Europe Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.3.3. Europe Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.4. Europe Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.3.5. Europe Flexible Endoscope Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.3.6.2. Germany Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.6.3. Germany Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.3.7.2. France Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.7.3. France Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.3.8.2. U.K. Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.8.3. U.K. Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.3.9.2. Spain Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.9.3. Spain Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.3.10.2. Italy Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.10.3. Italy Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends & Opportunity Analysis
8.4.2. Asia-Pacific Flexible Endoscope Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.4. Asia-Pacific Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.4.5. Asia-Pacific Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.4.6.2. China Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.6.3. China Flexible Endoscope Market Size and Forecast by Product Industry Vertical, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.4.7.2. India Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.7.3. India Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.4.8.2. Japan Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.8.3. Japan Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.4.9.2. South Korea Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.9.3. South Korea Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends & Opportunity Analysis
8.5.2. Rest of the World Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.5.3. Rest of the World Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.4. Rest of the World Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.5.5. Rest of the World Flexible Endoscope Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.5.6.2. Latin America Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.6.3. Latin America Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.5.7.2. Middle East Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.7.3. Middle East Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Flexible Endoscope Market Size and Forecast by Product, 2021-2031, ($Million)
8.5.8.2. Africa Flexible Endoscope Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.8.3. Africa Flexible Endoscope Market Size and Forecast by End-user, 2021-2031, ($Million)

Chapter 9. Competitive Landscape

9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Vendor Benchmarking
9.4. Developmental Strategy Benchmarking
9.4.1. New Product Development
9.4.2. Product Launches
9.4.3. Business Expansions
9.4.4. Partnerships, Joint Ventures, and Collaborations
9.4.5. Mergers and Acquisitions

Chapter 10. Company Profiles

10.1. Becton, Dickinson and Company
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Boston Scientific Corporation
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Endomed Systems
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Fujifilm Corporation
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Hoya Corporation (Pentax Medical)
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Karl Storz
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Laborie Medical Technologies
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Olympus Corporation
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Richard Wolf GmbH
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report

 

 

Global Flexible Endoscopes Market Segmentation

By Product

  • Fiberscope
  • Video endoscope

By Application

  • GI Endoscopy
  • Pulmonary Endoscopy
  • ENT Endoscopy
  • Urology
  • Others

By End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

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