Endoscopes Market size was valued at USD 17.2 Billion in 2023 and is likely to exceed USD 34.2 Billion by the end of 2036, expanding at over 7.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of endoscopes is assessed at USD 18.9 Billion.
The factors driving the growth of the endoscope market include the increasing prevalence of chronic diseases such as ulcerative colitis and the demand for minimally invasive procedures. According to data published by the National Institute of Health (NIH), in 2019, 74% of the deaths were caused by chronic diseases worldwide.
Author Credits: Radhika Pawar
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