Endoscopy Devices Market Size

Endoscopy Devices Market size was over USD 60.91 billion in 2024 and is projected to exceed USD 97.68 billion by the end of 2037, witnessing over 3.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of endoscopy devices is evaluated at USD 62.71 billion. The reason behind the growth is impelled by the increasing prevalence of cancer cases across the globe. It has been proved that, endoscopy is the gold standard test for diagnosing stomach cancer. By 2040, there will be more than 27 million new instances of cancer annually worldwide.

The growing development of advanced endoscopy devices is believed to fuel the market growth. For instance, in a recent study conducted in 2022, it is stated that the future of endoscopy is being driven by artificial intelligence, since it is highly sensitive and accurate, and makes it possible to detect and treat early Barrett's neoplasia in a single treatment, and will also be beneficial in the diagnosis and excision of Barrett's esophagus neoplasms.