Market Overview

The Global Flexible Endoscopy Market reached US$ 7.56 billion in 2023 and is expected to reach US$ 11.73 billion by 2031, growing at a CAGR of 5.7% during the forecast period 2024-2031.

Flexible endoscopy is a minimally invasive diagnostic and therapeutic procedure that uses a flexible, tube-like instrument equipped with a camera and light to examine internal organs, such as the gastrointestinal (GI) tract, respiratory system, and urinary tract. This technique allows physicians to visualize, diagnose, and treat conditions without the need for major surgery. Common applications include detecting ulcers, tumors, infections, and performing biopsies or minor surgical interventions. Flexible endoscopy offers advantages such as reduced recovery time, minimal discomfort, and improved patient outcomes.

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Market Dynamics

The growing preference for minimally invasive procedures is driving the flexible endoscopy market, as these techniques require smaller or no incisions, leading to faster recovery and less pain. Flexible endoscopes are widely used in cancer screening, such as colonoscopy for colorectal cancer, enabling early detection and removal of precancerous growths. This reduces the need for invasive treatments, making flexible endoscopy a preferred choice. For instance, the World Cancer Research Fund reported 1.9 million new colorectal cancer cases in 2022, highlighting the critical role of colonoscopy in early diagnosis and prevention.

Market Segment

By Product Type: Gastroscopes, Colonoscopes, Enteroscopes, Duodenoscopes, Bronchoscopes, Echoendoscopes, Others

By Application: Gastroenterology, Pulmonology, Gynecology, Urology, Others

By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others

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Market Key Players:

Becton, Dickinson and Company, KARL STORZ, Olympus Corporation, FUJIFILM Holdings Corporation, Boston Scientific Corporation, Richard Wolf GmbH, ATMOS MedizinTechnik GmbH & Co. KG, LABORIE MEDICAL TECHNOLOGIES CORP., EndoMed Systems GmbH, Entermed