Integration of Artificial Intelligence and Robotics in Endoscopy Devices is Driving the Market

The global endoscopy devices market stands at the forefront of transformative medical technology, revolutionizing diagnostic and therapeutic procedures. Endoscopy, as a minimally invasive technique, has significantly enhanced the precision and efficacy of medical interventions across diverse medical specialties. This market encompasses a wide array of innovative devices and tools tailored to visualize and treat internal organs, contributing to improved patient outcomes and reduced procedural invasiveness.

Several reasons are propelling the marketplace ahead in the competitive landscape. Healthcare spending is increasing over the world as governments invest in improved health facilities. Endoscopy devices have quickly acquired favour in the detection and treatment of a variety of disorders. A significant number of patients prefer endoscopic devices for therapy since they allow for least invasive operations. It has many supporters since it allows for a faster recovery period due to less post-operative problems.

Disposable endoscopes or single use endoscope devices are gaining huge popularity as they been developed to meet the growing need for low-cost endoscopes. The FDA has approved the use of disposable endoscopes, which can prevent medical scope-transmitted illnesses. The two newly authorized endoscopes are part of an innovation by the German business Invendo medical GmbH. The new technologies provide a sterile solution to the problem of cleaning and reprocessing. According to the FDA, disposable endoscopes should only be used once in a single procedure and should not be reused or sterilized. With such improvements, the endoscopic device market is expected to grow as more medical organizations extend their operations by integrating more creative items in their offers.

Advancements in the Global Endoscopy Devices Market

As a result of recent discoveries in computer science and robotics, certain sophisticated endoscopic treatments have developed. Computer-controlled colonoscopes, for example, provide computer-assisted scope insertion and movement. The method is intended to assist minimize loop development while being minimally intrusive. Furthermore a new endoscopy device is now being developed which is a self-propelled colonoscope. It is intended to improve visualization while reducing the risk of problems. This robotic equipment offers a 360-degree view and ensures a less uncomfortable overall treatment. Furthermore, a variety of software tools and devices enable digital recordings of endoscopic treatments as well as higher quality photographs contributing to the growth of the global endoscopy devices market.

North America dominated the endoscopy devices market in 2022 whereas during the forecast period, Asia Pacific region is anticipated to be the fastest growing region. Asia-Pacific exhibits rapid healthcare infrastructure expansion and a large patient pool. The region is experiencing significant expansion and modernization of healthcare facilities, hospitals, and clinics, enhancing access to advanced medical procedures, including endoscopic examinations and treatments which is contributing to the overall growth of the market.

Global Endoscopy Devices Market: Competitive Landscape

• Boston Scientific Corporation
• CONMED Corporation
• FUJIFILM Holdings Corporation
• HOYA Corporation
• Intuitive Surgical
• Johnson & Johnson Services, Inc.
• KARL STORZ GmbH & Co. KG
• Medtronic
• Olympus Corporation
• Richard Wolf GmbH
• Smith+Nephew
• Stryker
• Other Industry Participants

Global Endoscopy Devices Market:

By Product

• Endoscope

• • Rigid
  • Flexible

• Mechanical Endoscopic Equipment
• Visualization and Documentation Systems
• Accessories
• Others

By Hygiene

• Single-Use
• Reprocessing
• Sterilization

By Application

• Bronchoscopy
• Arthroscopy
• Laparoscopy
• Urology Endoscopy
• Neuroendoscopy
• Gastrointestinal Endoscopy
• Gynecology Endoscopy
• ENT Endoscopy
• Others

By End User

• Hospitals
• Ambulatory Surgery Centers and Clinics
• Others

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)