United Kingdom Endoscopy Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.65 Billion |
| Market Size (2029) | USD 2.24 Billion |
| CAGR (2024 - 2029) | 6.38 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United Kingdom Endoscopy Devices Market Analysis
The United Kingdom Endoscopy Devices Market size is estimated at USD 1.65 billion in 2024, and is expected to reach USD 2.24 billion by 2029, growing at a CAGR of 6.38% during the forecast period (2024-2029).
The Government of the United Kingdom declared a lockdown across the country in March 2020, and all medical services were directed to combat the virus's impact. The total number of medical operations conducted in the country was altered by the categorization of healthcare services into essential and non-essential services. Experts at the University of Birmingham-led National Institute for Health Research (NIHR) on Global Surgery published their findings in May 2020, examining whether SARS-CoV-2 infected patients who underwent surgery have significantly worse postoperative outcomes than similar patients who do not have SARS-CoV-2 infection. The study found that 23.8% of patients died within 30 days, with an elective surgery mortality rate of 18.9% and an emergency surgery death rate of 25.6%. According to the study, patients who have contracted coronavirus and have surgery are at a far higher risk of dying afterward, and non-emergent procedures should be avoided. This decrease in surgical procedures has resulted in a decrease in intraoperative and diagnostics procedures, which has hampered market growth
The UK endoscopy devices market is majorly driven by increased demand for the use of minimally invasive procedures in surgeries. Furthermore, technological advancements, increasing aging population, reduced healthcare costs, and improved patient quality of life are boosting the market growth in the United Kingdom, for endoscopy devices.
Increasing adoption of minimally invasive surgeries has propelled the usage of various endoscopes in surgical procedures, such as arthroscopy, laparoscopy, bronchoscopy, and cystoscopy. Compared to open surgeries, these procedures result in quicker recovery and lesser trauma to patients. Thus, minimally invasive surgical procedures are being preferred over open/invasive surgeries and are thereby likely to increase demand for minimally invasive endoscopic devices over the coming years. The shift toward minimally invasive surgeries can also be attributed to higher patient satisfaction, economic viability, relatively shorter hospital stay, and reduced post-surgical complications. Thus, demand for minimally invasive endoscopic surgeries is expected to increase over the coming years. However, expensive procedures, limited availability of skilled labor, and stringent regulatory framework are the challenges faced by the market.
United Kingdom Endoscopy Devices Market Trends
This section covers the major market trends shaping the UK Endoscopy Devices Market according to our research experts:
The Flexible Endoscopy Segment Dominates the UK Endoscopy Devices Market
Flexible endoscopes provide visibility for the internal side of the organ, which generally cannot be seen with a normal view. In order to perform ENT procedures, throat cancer, sleep apnea, chronic cough, vocal cord dysfunction, and disorders related to swallowing, flexible endoscopes are extensively used in hospitals, clinics, and other medical facilities. This further boosts the growth of the endoscopic devices market. When a flexible endoscopic device comes into contact with a patient's tissue, blood, urine, saliva, or stool, appropriate cleaning is important, in order to avoid harmful effects caused by contamination. Moreover, the new product launches by the key players and new developments in the area are further projected to propel the studied market. For instance, in July 2020, FUJIFILM Medical Systems Inc., announced the introduction of its innovative ELUXEO Surgical System, a first-of-its-kind equipment tower comprised of products from the company's endoscopy and minimally invasive surgery portfolios. The system leverages the company's endoscopic image processing technology to deliver surgeons unparalleled visualization while performing both flexible and rigid endoscopy from a single tower.
The most common types of flexible endoscopy for the gastrointestinal tract are oesophagogastroduodenoscopy (OGD) and colonoscopy. Recent research studies reported that flexible endoscopy under conscious sedation with overtubes is likely to show a high success rate. These devices may improve the safety of patients and minimize personnel exposure to liquid chemical germicides and their vapors.
United Kingdom Endoscopy Devices Industry Overview
The UK endoscopy devices market rapidly evolved over the last few years. The industry observed significant changes in adopting market strategies, such as product developments, mergers, and acquisitions in recent years. Thus, the UK endoscopy devices market has become a very competitive industry.
United Kingdom Endoscopy Devices Market Leaders
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Boston Scientific Corporation
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Cook Medical
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Richard Wolf GmbH
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Medtronic PLC
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Fujifilm Holdings
*Disclaimer: Major Players sorted in no particular order
United Kingdom Endoscopy Devices Market News
In January 2021, NEC Corporation announced the release of "WISE VISION Endoscopy," an AI diagnosis-support medical device software for colonoscopies, which is currently available in Japan and will be available in Europe soon.
In April 2021, Cosmo Pharmaceuticals NV announced the FDA approval of the GI Genius intelligent endoscopy system, its revolutionary device for lesion detection during colonoscopy.
United Kingdom Endoscopy Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Growing Preference for Minimally Invasive Surgeries
- 4.2.2 Technological Advancements Leading to Enhanced Applications
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4.3 Market Restraints
- 4.3.1 Infections Caused by Endoscopes
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Type of Device
- 5.1.1 Endoscopes
- 5.1.1.1 Rigid Endoscope
- 5.1.1.2 Flexible Endoscope
- 5.1.1.3 Capsule Endoscope
- 5.1.1.4 Robot-assisted Endoscope
- 5.1.2 Endoscopic Operative Device
- 5.1.2.1 Irrigation/Suction System
- 5.1.2.2 Access Device
- 5.1.2.3 Operative Manual Instrument
- 5.1.2.4 Other Endoscopic Operative Devices
- 5.1.3 Visualization Equipment
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5.2 By Application
- 5.2.1 Gastroenterology
- 5.2.2 Pulmonology
- 5.2.3 ENT Surgery
- 5.2.4 Gynecology
- 5.2.5 Neurology
- 5.2.6 Urology
- 5.2.7 Other Applications
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Boston Scientific Corporation
- 6.1.2 Conmed Corporation
- 6.1.3 Cook Medical
- 6.1.4 Richard Wolf GmbH
- 6.1.5 Johnson and Johnson
- 6.1.6 Fujifilm Holdings
- 6.1.7 Medtronic PLC
- 6.1.8 Olympus Corporation
- 6.1.9 Creo Medical Group PLC
- 6.1.10 Vimex Endoscopy Sp
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
United Kingdom Endoscopy Devices Industry Segmentation
As per the scope of this report, endoscopy devices are minimally invasive and can be inserted into natural openings of the human body, in order to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. The UK endoscopy devices market is segmented by type of device (endoscopes, endoscopic operative devices, and visualization equipment) and application (gastroenterology, pulmonology, ENT surgery, gynecology, neurology, urology, and other applications). The report offers the value (in USD million) for the above segments.
| By Type of Device | Endoscopes | Rigid Endoscope |
| Flexible Endoscope | ||
| Capsule Endoscope | ||
| Robot-assisted Endoscope | ||
| By Type of Device | Endoscopic Operative Device | Irrigation/Suction System |
| Access Device | ||
| Operative Manual Instrument | ||
| Other Endoscopic Operative Devices | ||
| By Type of Device | Visualization Equipment | |
| By Application | Gastroenterology | |
| Pulmonology | ||
| ENT Surgery | ||
| Gynecology | ||
| Neurology | ||
| Urology | ||
| Other Applications |
United Kingdom Endoscopy Devices Market Research FAQs
How big is the United Kingdom Endoscopy Devices Market?
The United Kingdom Endoscopy Devices Market size is expected to reach USD 1.65 billion in 2024 and grow at a CAGR of 6.38% to reach USD 2.24 billion by 2029.
What is the current United Kingdom Endoscopy Devices Market size?
In 2024, the United Kingdom Endoscopy Devices Market size is expected to reach USD 1.65 billion.
Who are the key players in United Kingdom Endoscopy Devices Market?
Boston Scientific Corporation, Cook Medical, Richard Wolf GmbH, Medtronic PLC and Fujifilm Holdings are the major companies operating in the United Kingdom Endoscopy Devices Market.
What years does this United Kingdom Endoscopy Devices Market cover, and what was the market size in 2023?
In 2023, the United Kingdom Endoscopy Devices Market size was estimated at USD 1.55 billion. The report covers the United Kingdom Endoscopy Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Endoscopy Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United Kingdom Endoscopy Devices Industry Report
Statistics for the 2024 United Kingdom Endoscopy Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Kingdom Endoscopy Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
