Market Size of China Endoscopy Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.40 Billion |
Market Size (2029) | USD 3.48 Billion |
CAGR (2024 - 2029) | 7.70 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Endoscopy Devices Market Analysis
The China Endoscopy Devices Market size is estimated at USD 2.40 billion in 2024, and is expected to reach USD 3.48 billion by 2029, growing at a CAGR of 7.70% during the forecast period (2024-2029).
The COVID-19 pandemic resulted in a global crisis. Surgeons and patients visiting hospitals for various treatments were at increased risk of getting infected by COVID-19. The reduction and postponement of elective surgeries due to the fear of COVID-19 infection majorly impacted the growth of the market for endoscopy devices. For instance, according to the study published in the World Journal of Emergency Medicine in May 2022, the overall number of diagnoses and treatments in Chinese endoscopy centers between 2019 and 2020 decreased.
Among them, therapeutic procedures grew while diagnostic procedures (regular gastroscopy, routine colonoscopy, etc.) dropped. The operations most impacted were routine gastroscopy and capsule gastroscopy. In addition, bronchoscopists were impacted. Thus, COVID-19 had a significant impact on the market. However, the market is growing at a stable pace owing to a resumption of endoscopy procedures, and it is expected to witness a similar trend over the coming years.
Endoscopic surgeries are performed for imaging procedures and minor surgeries. A growing preference for minimally invasive surgeries, the increasing use of endoscopy for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors leading to the market growth. Minimally invasive surgical (MIS) procedures include several advantages over conventional procedures, such as less post-operative pain, fewer major operative and post-operative complications, faster recovery times, less scarring, less stress on the immune system, and smaller incisions. These benefits of minimally invasive procedures reduce the overall hospital and the cost of the treatment, due to which MIS procedures are being preferred all over China, driving the market's growth.
Rapid developments in GI endoscopy were made in mainland China, and major diagnostic endoscopes and therapeutic endoscopy procedures are predominantly used in large endoscopy units. In addition to improvements in GI endoscopy equipment, standard procedures, including standard reprocessing for endoscopy, are driving this market segment in the region. For instance, in May 2021, HOYA Group's PENTAX Medical and Jiangsu Vedkang Medical Science and Technology formed a joint venture (JV) to create single-use, flexible medical endoscopic therapeutic products. These devices could benefit patients, physicians, and medical care systems by reducing the cost or complexity of procedures. It could also result in improved recovery times for patients.
The rising technological advancement of the endoscope is expected to propel the market's growth. For instance, in December 2021, enlightenVue, Inc. announced that China had granted the company a patent covering the core technology underlying its SurgiVue single-use micro-endoscope platform. The patented technology enables the endoscope for diagnostic and therapeutic applications in a single procedure through two working channels in a two-millimeter working diameter.
Therefore, the reasons above may drive China's endoscopic devices market. However, the infections caused by a few endoscopes may impede the market growth.
China Endoscopy Devices Industry Segmentation
As per the scope of the report, endoscopy devices are minimally invasive and can be inserted into natural openings of the body to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. The China endoscopy devices market is segmented by device type (endoscopes (rigid endoscope, flexible endoscope, capsule endoscope, robot-assisted endoscope), endoscopic operative device (irrigation/suction system, access device, wound protector, insufflation device, operative manual instrument, and other endoscopic operative devices), visualizing equipment (endoscopic camera, SD visualization system, HD visualization system)), application (gastroenterology, pulmonology, orthopedic surgery, cardiology, ENT surgery, gynecology, neurology, and other applications). The report offers the value (in USD) for the above segments.
By Type of Device | ||||||||
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By Application | |
Gastroenterology | |
Pulmonology | |
Orthopedic Surgery | |
Cardiology | |
ENT Surgery | |
Gynecology | |
Neurology | |
Other Applications |
China Endoscopy Devices Market Size Summary
The China endoscopy devices market is poised for significant growth, driven by a resurgence in endoscopic procedures following the disruptions caused by the COVID-19 pandemic. The market is experiencing a stable expansion due to the increasing preference for minimally invasive surgeries, which offer numerous benefits such as reduced post-operative pain, quicker recovery times, and lower overall treatment costs. Technological advancements in endoscopy, including the development of single-use and flexible medical endoscopic therapeutic products, are further propelling market growth. These innovations are enhancing the applications of endoscopy in both diagnostic and therapeutic procedures, making them more efficient and cost-effective. The market is also witnessing a rise in gastrointestinal endoscopy, supported by improvements in equipment and standard procedures, which are becoming more prevalent in large endoscopy units across mainland China.
The demand for endoscopy devices is expected to be bolstered by the increasing incidence of gastrointestinal diseases and the aging population in China, which is contributing to a higher burden of conditions such as inflammatory bowel disease and colorectal cancer. The introduction of technologically advanced features in capsule endoscopy devices, such as Wi-Fi-enabled small bowel capsules with extended battery life, is anticipated to drive further demand. The market is characterized by a competitive landscape, with both global and local companies vying for market share. Strategic partnerships and product launches, such as the collaboration between Scivita Medical Technology Co., Ltd. and Boston Scientific, are expected to enhance market penetration and growth. Overall, the China endoscopy devices market is set to expand significantly, supported by technological advancements, increasing disease prevalence, and a growing preference for minimally invasive procedures.
China Endoscopy Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Preference for Minimally-invasive Surgeries
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1.2.2 Increasing Use of Endoscopy for Treatment and Diagnosis
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1.2.3 Technological Advancements Leading to Enhanced Applications
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1.3 Market Restraints
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1.3.1 Infections Caused by Few Endoscopes
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type of Device
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2.1.1 Endoscopes
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2.1.1.1 Rigid Endoscope
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2.1.1.2 Flexible Endoscope
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2.1.1.3 Capsule Endoscope
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2.1.1.4 Robot-assisted Endoscope
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2.1.2 Endoscopic Operative Device
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2.1.2.1 Irrigation/Suction System
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2.1.2.2 Access Device
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2.1.2.3 Wound Protector
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2.1.2.4 Insufflation Device
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2.1.2.5 Operative Manual Instrument
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2.1.2.6 Other Endoscopic Operative Devices
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2.1.3 Visualization Equipment
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2.1.3.1 Endoscopic Camera
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2.1.3.2 SD Visualization System
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2.1.3.3 HD Visualization System
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2.2 By Application
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2.2.1 Gastroenterology
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2.2.2 Pulmonology
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2.2.3 Orthopedic Surgery
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2.2.4 Cardiology
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2.2.5 ENT Surgery
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2.2.6 Gynecology
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2.2.7 Neurology
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2.2.8 Other Applications
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China Endoscopy Devices Market Size FAQs
How big is the China Endoscopy Devices Market?
The China Endoscopy Devices Market size is expected to reach USD 2.40 billion in 2024 and grow at a CAGR of 7.70% to reach USD 3.48 billion by 2029.
What is the current China Endoscopy Devices Market size?
In 2024, the China Endoscopy Devices Market size is expected to reach USD 2.40 billion.