Us Gastrointestinal Endoscopy Devices Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Gastrointestinal Endoscopy Devices Market was valued at USD 40 Billion in 2022 and is projected to reach USD 66 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The U.S. gastrointestinal endoscopy devices market has been experiencing significant growth, driven by technological advancements and an increasing prevalence of gastrointestinal disorders. In 2023, the market was valued at over $5.9 billion, marking a 12.9% increase from the previous year. Projections indicate that this upward trajectory will continue, with expectations to reach over $9.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.5%.
Several factors contribute to this robust expansion. The rising incidence of gastrointestinal diseases necessitates advanced diagnostic and therapeutic tools, leading to a heightened demand for endoscopic devices. Additionally, the medical community's growing preference for minimally invasive procedures has further propelled the adoption of these devices, as they offer reduced patient recovery times and lower complication rates.
The market is dominated by key players such as Exact Sciences, Boston Scientific, and Olympus. In 2023, Exact Sciences led the market, largely due to the widespread adoption of its Cologuard FIT-DNA test, which has been gaining traction since its FDA approval in 2014. Boston Scientific has also shown remarkable performance, with its endoscopy unit reporting an 8% revenue increase to $678 million in the third quarter of 2024. This growth is attributed to the company's continuous innovation and strategic acquisitions, such as the $1.6 billion deal to acquire Silk Road Medical, enhancing its portfolio in stroke prevention devices.
Technological innovations play a pivotal role in shaping the market landscape. The development of single-use endoscopes addresses concerns related to cross-contamination and infection control, offering a safer alternative to reusable devices. Moreover, advancements in imaging technologies have significantly improved the accuracy and efficiency of endoscopic procedures, leading to better patient outcomes.
As the market evolves, it is essential to monitor emerging trends and innovations. The integration of artificial intelligence in endoscopic procedures, for instance, holds the potential to enhance diagnostic accuracy and procedural efficiency. Staying abreast of such developments will be crucial for healthcare providers and industry stakeholders aiming to capitalize on the growth opportunities within the U.S. gastrointestinal endoscopy devices market.
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Medtronic
Boston Scientific
Ethicon (Johnson & Johnson)
KARL STORZ
Olympus
Stryker Corporation
B. Braun Melsungen
Applied Medical
Coloplast
Cook Medical
CONMED
Hobbs Medical
Micro-Tech Endoscopy
Fujifilm
JINSHAN Science & Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gastrointestinal Endoscopy Devices Market
Flexible Endoscopes
Capsule Endoscopes
Endoscopic Ultrasound (EUS) Devices
Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices
Endoscopic Accessories
Colonoscopy
Upper Gastrointestinal Endoscopy
Endoscopic Biopsy
Endoscopic Mucosal Resection
Endoscopic Sphincterotomy
Diagnostic Applications
Therapeutic Applications
Surveillance Applications
Screening Applications
Hospitals
Ambulatory Surgical Centers (ASCs)
Specialty Clinics
Research Institutions
Conventional Endoscopy
Virtual Endoscopy
Image-Enhanced Endoscopy (IEE)
Robotic Endoscopy Systems
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gastrointestinal Endoscopy Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gastrointestinal Endoscopy Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gastrointestinal Endoscopy Devices Market, By Type
6. Global Gastrointestinal Endoscopy Devices Market, By Application
7. Global Gastrointestinal Endoscopy Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Gastrointestinal Endoscopy Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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