Rigid Endoscopes Market Report
RA01108
Rigid Endoscopes Market by Product (Laparoscopes, Arthroscopes, Ureteroscopes, Cystoscopes, Gynecology Endoscopes, Neuroendoscopes, Bronchoscopes, Hysteroscopes, Laryngoscopes, Sinuscopes, Otoscopes, Sigmoidoscopes, Pharygnoscopes, Duodenoscopes, Nasopharygnoscopes, and Rhinoscopes), End-Use (Hospitals and Outpatient Facilities), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Rigid Endoscopes Overview
Rigid endoscopes are medical instruments utilized for visualizing and analyzing the body's interior during endoscopy process. It comprises of a long, narrow tube with a lens system, a light source at one end, and an eyepiece or camera attachment at the other. Unlike flexible endoscopes, inflexible endoscopes have a strong, resolute tube, giving more prominent control and solidness during examinations. They are commonly utilized in different medical specialties like urology, gynecology, orthopedics, neurosurgery, and general surgery. Rigid endoscopes offer high-quality visualization of internal organs, tissues, or cavities, with some models allowing direct viewing by medical professionals and others transmitting images to monitors for a wider audience or documentation. These instruments are used for diagnostic purposes, such as examining the gastrointestinal tract or respiratory system, and therapeutic interventions, like tissue sampling or polyp removal. Rigid endoscopes require proper cleaning, sterilization, and maintenance between uses as they are reusable instruments.
Global Rigid Endoscopes Market Analysis
The global rigid endoscopes market size was $6.02 billion in 2022 and is predicted to grow with a CAGR of 8.4%, by generating a revenue of $12.76 billion by 2032.
COVID-19 Impact on Global Rigid Endoscopes Market
The COVID-19 pandemic has had significant impacts on the rigid endoscopes market. One of the main effects was a decrease in demand as elective procedures and non-emergency surgeries were postponed or canceled to prioritize COVID-19 patients and conserve resources. This decline in demand directly impacted on the growth of the rigid endoscopes market. Additionally, the global supply chain disruptions caused by the pandemic resulted in delays in the production and distribution of medical devices, including rigid endoscopes. The restrictions on international trade and transportation and temporary closures of manufacturing facilities affected the availability of these devices.
Furthermore, the pandemic accelerated the adoption of telemedicine and minimally invasive procedures, which reduced the overall demand for rigid endoscopes in some cases. Healthcare facilities also focused on infection prevention and control measures, implementing stricter protocols for sterilizing and disinfection of medical devices like rigid endoscopes. As vaccination efforts progress and healthcare systems recover, the demand for rigid endoscopes is expected to rebound, driven by the backlog of postponed procedures.
Increasing Demand for Minimally Invasive Procedures to Drive the Market Growth
The rigid endoscopes market is driven by several factors. One of the key drivers is the increasing demand for minimally invasive procedures, as rigid endoscopes play a crucial role in these surgeries and offer benefits like smaller incisions and faster recovery. Technological advancements in endoscope systems, including improved imaging, optics, and ergonomics, also contribute to market growth as healthcare facilities aim to enhance patient outcomes. The growing geriatric population, which requires more medical interventions and diagnostic procedures, fuels the demand for rigid endoscopes. Furthermore, the rising prevalence of chronic diseases, such as gastrointestinal disorders and cancer, increases the need for endoscopic procedures. Increasing awareness among individuals about early disease detection and the implementation of screening programs further drives the market growth.
High Cost to Restrain the Market Growth
The rigid endoscope market faces several factors that can restrain its growth. One significant factor is the high cost of these devices, making them less accessible, especially in regions with limited healthcare budgets. Additionally, the limited flexibility of rigid endoscopes, as they have a fixed angle of view, can restrict their application in specific procedures and anatomical regions, leading to a preference for flexible or capsule endoscopes. The emergence of less invasive procedures, such as laparoscopy and interventional radiology, can also reduce the demand for rigid endoscopes. Concerns about the risk of infection transmission despite cleaning and sterilization procedures can influence the preference for disposable or single-use endoscopes. Furthermore, the limited availability of skilled professionals trained in rigid endoscopy techniques can impede widespread adoption.
Advancements in Technology to Drive Excellent Opportunities
The rigid endoscopes market offers several opportunities for growth and development. Technological advancements in imaging, optics, and miniaturization provide avenues for developing sophisticated and high-resolution systems. The increasing adoption of minimally invasive procedures in various medical specialties creates a demand for rigid endoscopes. The growing global geriatric population also fuels the need for advanced medical devices, including endoscopic instruments. The prevalence of chronic diseases, such as gastrointestinal disorders and cardiovascular conditions, drives the demand for endoscopic examinations and treatments—emerging markets with improving healthcare infrastructure present opportunities for market expansion. Moreover, the demand for single-use endoscopes is rising due to convenience and reduced cross-contamination risks. Integrating AI and robotics in endoscopy opens doors for intelligent systems that enhance decision-making and procedural accuracy.
Global Rigid Endoscopes Market Share, by Product, 2022
The laparoscopes sub-segment accounted for the highest market share in 2022. Laparoscopes have established a dominant position in the rigid endoscope market due to several key factors. One of the main reasons is the minimally obtrusive nature of laparoscopic surgery, which offers several advantages over traditional open surgery. With few incisions and laparoscopes, surgeons can minimize tissue injury, decrease pain, shorten hospital remains, and shorten recovery times. These advantages make laparoscopy a prevalent option in many surgical specialties. Moreover, advances in technology have contributed significantly to the superiority of laparoscopy. Improved imaging systems, enhanced lighting, and better optics have enhanced visualization capabilities during laparoscopic procedures. Additionally, robotic-assisted laparoscopic systems have further improved surgical precision and dexterity. The flexibility of laparoscopy, and its wide run of applications in general, gynecological, urological and orthopedic surgery, has contributed to the amplified request for laparoscopy. Moreover, despite higher initial equipment costs, laparoscopy's cost-efficiency is another contributing factor. The long-term savings associated with reduced hospital stays, fewer complications, and faster recoveries make laparoscopy an economically viable option.
Global Rigid Endoscopes Market Share, by End-Use, 2022
The hospitals sub-segment accounted for the highest market share in 2022. Hospitals have achieved dominance in the rigid endoscopes market through various factors. Firstly, their advanced diagnostic capabilities and specialized departments enable them to offer a wide range of endoscopic procedures, attracting patients and driving demand. Collaborations with medical device manufacturers provide hospitals access to the latest equipment and support, ensuring that they can efficiently utilize rigid endoscopes. Hospitals also benefit from patient referrals, as primary care physicians and smaller clinics often direct patients to them for specialized procedures. Affiliations with research and academic institutions keep hospitals up to date with technological advancements and increase the demand for rigid endoscopes in research studies and trials. Moreover, the larger budgets and purchasing power of hospitals allow them to negotiate better pricing and acquire a broader range of equipment, providing economies of scale.
Global Rigid Endoscopes Market Share, by Region, 2022
The North America rigid endoscopes market generated the highest revenue in 2022. North America has emerged as a dominant force in the rigid endoscopes market due to several factors. The region’s focus on technological advancements and intense research and development capabilities have created innovative and advanced rigid endoscopes, giving the manufacturers a competitive edge. Additionally, the well-developed healthcare infrastructure in the North America region, with advanced hospitals and surgical facilities, has created a favorable environment for adopting rigid endoscopes in medical procedures. The presence of significant market players and their industry expertise, and extensive distribution networks have further contributed to the regional market’s dominance. Furthermore, the increasing prevalence of chronic diseases and high healthcare expenditure in the region has driven the demand for diagnostic and therapeutic procedures involving rigid endoscopes.
Competitive Scenario in the Global Rigid Endoscopes Market
Investment and agreement are common strategies followed by major market players. One of the leading market players in the industry is Boston Scientific Corporation. In December 2019, Boston Scientific Corporation (US) received FDA approval for its EXALT Model D Single-Use Duodenoscope that finds application in endoscopic retrograde cholangiopancreatography (ERCP) procedures. Some of the leading rigid endoscopes market players are Olympus Corporation, Ethicon U.S., LLC, Boston Scientific Corporation, Karl Storz GmbH & Co. KG, Stryker, PENTAX Medical, Richard Wolf, and Medtronic.
| Aspect | Particulars |
| Historical Market Estimations | 2020-2022 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product |
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| Segmentation by End-use |
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| Key Companies Profiled |
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Q1. What is the size of the global rigid endoscopes market?
A. The size of the global rigid endoscopes market was over $6.02 billion in 2022 and is projected to reach $12.76 billion by 2032.
Q2. Which are the major companies in the rigid endoscopes market?
A. Richard Wolf and Medtronic are some of the key players in the global rigid endoscopes market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The North America region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Agreement and investment are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. Karl Storz GmbH & Co. KG, Stryker, and PENTAX Medical are the companies investing more on R&D activities.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Rigid Endoscopes Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Rigid Endoscopes Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Rigid Endoscopes Market, By End Use
5.1. Overview
5.2 Laparoscopy
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Arthroscopy
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Gastrointestinal endoscopy
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Gynecology endoscopy
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 ENT endoscopy
5.6.1 Definition, key trends, growth factors, and opportunities
5.6.2 Market size analysis, by region, 2020-2027
5.6.3 Market share analysis, by country, 2020-2027
5.7 Urology endoscopy
5.7.1 Definition, key trends, growth factors, and opportunities
5.7.2 Market size analysis, by region, 2020-2027
5.7.3 Market share analysis, by country, 2020-2027
5.8 Neurology endoscopy
5.8.1 Definition, key trends, growth factors, and opportunities
5.8.2 Market size analysis, by region, 2020-2027
5.8.3 Market share analysis, by country, 2020-2027
5.9 Other
5.9.1 Definition, key trends, growth factors, and opportunities
5.9.2 Market size analysis, by region, 2020-2027
5.9.3 Market share analysis, by country, 2020-2027
5.10 Research Dive Exclusive Insights
5.10.1 Market attractiveness
5.10.2 Competition heatmap
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6. Rigid Endoscopes Market, By Application
6.1. Overview
6.2 Hospitals
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Ambulatory surgical centers
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Diagnostic laboratories
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Research Dive Exclusive Insights
6.5.1 Market attractiveness
6.5.2 Competition heatmap
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7. Rigid Endoscopes Market, By Technology
7.1. Overview
7.2 Straight rigid endoscopes
7.2.1 Definition, key trends, growth factors, and opportunities
7.2.2 Market size analysis, by region, 2020-2027
7.2.3 Market share analysis, by country, 2020-2027
7.3 Semi-rigid endoscopes
7.3.1 Definition, key trends, growth factors, and opportunities
7.3.2 Market size analysis, by region, 2020-2027
7.3.3 Market share analysis, by country, 2020-2027
7.4 Research Dive Exclusive Insights
7.4.1 Market attractiveness
7.4.2 Competition heatmap
8. Rigid Endoscopes Market, By Region
8.1 North America
8.1.1 U.S
8.1.1.1 Market size analysis, By End Use, 2020-2027
8.1.1.2 Market size analysis, By Application, 2020-2027
8.1.1.3 Market size analysis, By Technology, 2020-2027
8.1.2 Canada
8.1.2.1 Market size analysis, By End Use, 2020-2027
8.1.2.2 Market size analysis, By Application, 2020-2027
8.1.2.3 Market size analysis, By Technology, 2020-2027
8.1.3 Mexico
8.1.3.1 Market size analysis, By End Use, 2020-2027
8.1.3.2 Market size analysis, By Application, 2020-2027
8.1.3.3 Market size analysis, By Technology, 2020-2027
8.1.4 Research Dive Exclusive Insights
8.1.4.1 Market attractiveness
8.1.4.2 Competition heatmap
8.2 Europe
8.2.1 Germany
8.2.1.1 Market size analysis, By End Use, 2020-2027
8.2.1.2 Market size analysis, By Application, 2020-2027
8.2.1.3 Market size analysis, By Technology, 2020-2027
8.2.2 UK
8.2.2.1 Market size analysis, By End Use, 2020-2027
8.2.2.2 Market size analysis, By Application, 2020-2027
8.2.2.3 Market size analysis, By Technology, 2020-2027
8.2.3 France
8.2.3.1 Market size analysis, By End Use, 2020-2027
8.2.3.2 Market size analysis, By Application, 2020-2027
8.2.3.3 Market size analysis, By Technology, 2020-2027
8.2.4 Spain
8.2.4.1 Market size analysis, By End Use, 2020-2027
8.2.4.2 Market size analysis, By Application, 2020-2027
8.2.4.3 Market size analysis, By Technology, 2020-2027
8.2.5 Italy
8.2.5.1 Market size analysis, By End Use, 2020-2027
8.2.5.2 Market size analysis, By Application, 2020-2027
8.2.5.3 Market size analysis, By Technology, 2020-2027
8.2.6 Rest of Europe
8.2.6.1 Market size analysis, By End Use, 2020-2027
8.2.6.2 Market size analysis, By Application, 2020-2027
8.2.6.3 Market size analysis, By Technology, 2020-2027
8.2.7 Research Dive Exclusive Insights
8.2.7.1 Market attractiveness
8.2.7.2 Competition heatmap
8.3 Asia-Pacific
8.3.1 China
8.3.1.1 Market size analysis, By End Use, 2020-2027
8.3.1.2 Market size analysis, By Application, 2020-2027
8.3.1.3 Market size analysis, By Technology, 2020-2027
8.3.2 Japan
8.3.2.1 Market size analysis, By End Use, 2020-2027
8.3.2.2 Market size analysis, By Application, 2020-2027
8.3.2.3 Market size analysis, By Technology, 2020-2027
8.3.3 India
8.3.3.1 Market size analysis, By End Use, 2020-2027
8.3.3.2 Market size analysis, By Application, 2020-2027
8.3.3.3 Market size analysis, By Technology, 2020-2027
8.3.4 Australia
8.3.4.1 Market size analysis, By End Use, 2020-2027
8.3.4.2 Market size analysis, By Application, 2020-2027
8.3.4.3 Market size analysis, By Technology, 2020-2027
8.3.5 South Korea
8.3.5.1 Market size analysis, By End Use, 2020-2027
8.3.5.2 Market size analysis, By Application, 2020-2027
8.3.5.3 Market size analysis, By Technology, 2020-2027
8.3.6 Rest of Asia-Pacific
8.3.6.1 Market size analysis, By End Use, 2020-2027
8.3.6.2 Market size analysis, By Application, 2020-2027
8.3.6.3 Market size analysis, By Technology, 2020-2027
8.3.7 Research Dive Exclusive Insights
8.3.7.1 Market attractiveness
8.3.7.2 Competition heatmap
8.4 LAMEA
8.4.1 Brazil
8.4.1.1 Market size analysis, By End Use, 2020-2027
8.4.1.2 Market size analysis, By Application, 2020-2027
8.4.1.3 Market size analysis, By Technology, 2020-2027
8.4.2 Saudi Arabia
8.4.2.1 Market size analysis, By End Use, 2020-2027
8.4.2.2 Market size analysis, By Application, 2020-2027
8.4.2.3 Market size analysis, By Technology, 2020-2027
8.4.3 UAE
8.4.3.1 Market size analysis, By End Use, 2020-2027
8.4.3.2 Market size analysis, By Application, 2020-2027
8.4.3.3 Market size analysis, By Technology, 2020-2027
8.4.4 South Africa
8.4.4.1 Market size analysis, By End Use, 2020-2027
8.4.4.2 Market size analysis, By Application, 2020-2027
8.4.4.3 Market size analysis, By Technology, 2020-2027
8.4.5 Rest of LAMEA
8.4.5.1 Market size analysis, By End Use, 2020-2027
8.4.5.2 Market size analysis, By Application, 2020-2027
8.4.5.3 Market size analysis, By Technology, 2020-2027
8.4.6 Research Dive Exclusive Insights
8.4.6.1 Market attractiveness
8.4.6.2 Competition heatmap
9. Competitive Landscape
9.1 Top winning strategies, 2020-2027
9.1.1 By strategy
9.1.2 By year
9.2 Strategic overview
9.3 Market share analysis, 2020-2027
10. Company Profiles
10.1 Aesculap Inc.
10.1.1 Overview
10.1.2 Business segments
10.1.3 Product portfolio
10.1.4 Financial performance
10.1.5 Recent developments
10.1.6 SWOT analysis
10.2 Arthrex Inc.
10.2.1 Overview
10.2.2 Business segments
10.2.3 Product portfolio
10.2.4 Financial performance
10.2.5 Recent developments
10.2.6 SWOT analysis
10.3 B. Braun Melsungen
10.3.1 Overview
10.3.2 Business segments
10.3.3 Product portfolio
10.3.4 Financial performance
10.3.5 Recent developments
10.3.6 SWOT analysis
10.4 Boston Scientific
10.4.1 Overview
10.4.2 Business segments
10.4.3 Product portfolio
10.4.4 Financial performance
10.4.5 Recent developments
10.4.6 SWOT analysis
10.5 ConMed
10.5.1 Overview
10.5.2 Business segments
10.5.3 Product portfolio
10.5.4 Financial performance
10.5.5 Recent developments
10.5.6 SWOT analysis
10.6 Covidien PLC
10.6.1 Overview
10.6.2 Business segments
10.6.3 Product portfolio
10.6.4 Financial performance
10.6.5 Recent developments
10.6.6 SWOT analysis
10.7 Ethicon Endo-Surgery Inc.
10.7.1 Overview
10.7.2 Business segments
10.7.3 Product portfolio
10.7.4 Financial performance
10.7.5 Recent developments
10.7.6 SWOT analysis
10.8 Fujifilm Holdings Corporation
10.8.1 Overview
10.8.2 Business segments
10.8.3 Product portfolio
10.8.4 Financial performance
10.8.5 Recent developments
10.8.6 SWOT analysis
10.9 Hoya Corporation
10.9.1 Overview
10.9.2 Business segments
10.9.3 Product portfolio
10.9.4 Financial performance
10.9.5 Recent developments
10.9.6 SWOT analysis
10.10 Karl Storz.
10.10.1 Overview
10.10.2 Business segments
10.10.3 Product portfolio
10.10.4 Financial performance
10.10.5 Recent developments
10.10.6 SWOT analysis
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