Europe Endoscopes Market Size & Outlook, 2023-2030
Europe endoscopes market, 2018-2030 (US$M)
Related Markets
Europe endoscopes market highlights
- The Europe endoscopes market generated a revenue of USD 3,687.2 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, flexible endoscopes market was the largest revenue generating product in 2023.
- Disposable Endoscopes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,687.2 million |
| Market revenue in 2030 | USD 6,730.3 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Flexible endoscopes market |
| Fastest growing segment | Disposable Endoscopes |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Endoscopes Market, Robot Assisted Endoscope Market, Disposable Endoscopes, Capsule Endoscopes Market, Flexible Endoscopes Market |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.8% of the global endoscopes market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,014.6 million by 2030.
Flexible endoscopes market was the largest segment with a revenue share of 49.01% in 2023. Horizon Databook has segmented the Europe endoscopes market based on rigid endoscopes market, robot assisted endoscope market, disposable endoscopes, capsule endoscopes market, flexible endoscopes market covering the revenue growth of each sub-segment from 2018 to 2030.
Ongoing technological advancements in endoscopy, increase in aging population, and rise in demand for minimally invasive procedures are factors driving the Europe endoscopes market. Favorable macroenvironment factors are driving key players to revise their market entry strategies through mergers & acquisitions and technological collaborations to expand their footprints.
For instance, in January 2021, Olympus Corporation entered into an agreement to acquire Quest Photonic Devices B.V. for EUR 50 million (USD 60.18 million). Quest Photonic Devices B.V., a company based in the Netherlands, offers Fluorescence Imaging Systems (FIS) for open and minimally invasive procedures.
Similarly, in January 2021, Karl Storz announced the launch of Image 1 S Rubina, which combines multimode fluorescence imaging with 4K resolution for endoscopy procedures. The toggling between white light and fluorescence modes allows surgeons to set the device as per surgical needs.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe endoscopes market size, by country, 2018-2030 (US$M)
Europe Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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