The global rigid endoscopes market size was valued at US$ 6.0 billion in 2022 and is expected to reach US$ 6.4 billion by 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030 to reach US$ 10.3 billion by 2030.

Rigid endoscopes are medical devices that are used to visualize the inside of the body. They are typically made of a rigid tube with a light source and a camera at the end. Rigid endoscopes are used in a variety of medical procedures, including arthroscopy, laparoscopy, and laryngoscopy.

The increasing prevalence of chronic diseases is one of the key drivers of the rigid endoscopes market. Chronic diseases such as cancer, heart disease, and respiratory diseases are becoming increasingly common, and rigid endoscopes are essential for the diagnosis and treatment of these diseases.

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The rising adoption of MIS procedures is another major driver of the market. MIS procedures are less invasive than traditional surgery, and they are associated with shorter recovery times and fewer complications. Rigid endoscopes are essential for MIS procedures, as they allow surgeons to visualize the inside of the body without making large incisions.

The growing geriatric population is also driving the demand for rigid endoscopes. The elderly population is more likely to suffer from chronic diseases, and they are also more likely to undergo MIS procedures. As a result, the demand for rigid endoscopes is expected to grow in the coming years.

Factors Driving the Growth of the Rigid Endoscopes Market:

The growth of the rigid endoscopes market is being driven by several factors, including:

1.    Increasing prevalence of chronic diseases: Chronic diseases such as cancer, heart disease, and diabetes are on the rise worldwide. These diseases often require endoscopic procedures for diagnosis and treatment.

2.    Rising adoption of minimally invasive surgeries (MIS): MIS are becoming increasingly popular as they offer several benefits over traditional open surgery, such as shorter recovery times and less pain. Rigid endoscopes are often used in MIS procedures.

3.    Technological advancements: Technological advancements are making rigid endoscopes more sophisticated and easier to use. For example, new lighting and imaging technologies are improving the quality of the images that can be obtained with endoscopes.

4.    Rising geriatric population: The global geriatric population is expected to reach 2 billion by 2050. Older adults are more likely to have chronic diseases that require endoscopic procedures.

Key Takeaways:

  • The global rigid endoscopes market size is expected to reach US$ 10.3 billion by 2030, growing at a CAGR of 7.1% from 2023 to 2030.
  • The growing demand for minimally invasive surgical procedures, especially laparoscopy, cystoscopy, and others, is driving the market growth.
  • North America is expected to hold the largest market share throughout the forecast period due to the presence of a large number of hospitals, well-established healthcare infrastructure, and high adoption of minimally invasive surgical procedures.
  • Asia Pacific is expected to be the fastest-growing region due to the rising prevalence of chronic diseases, increasing disposable income, and growing government initiatives to improve healthcare infrastructure.

Regional Outlook:

  • North America: The North American rigid endoscopes market is expected to reach US$ 4.6 billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. The presence of a large number of hospitals, well-established healthcare infrastructure, and high adoption of minimally invasive surgical procedures are driving the market growth.
  • Europe: The European rigid endoscopes market is expected to reach US$ 3.2 billion by 2030, growing at a CAGR of 6.5% from 2023 to 2030. The presence of a large number of hospitals, well-established healthcare infrastructure, and favorable reimbursement policies are driving the market growth.
  • Asia Pacific: The Asia Pacific rigid endoscopes market is expected to reach US$ 2.5 billion by 2030, growing at a CAGR of 8.2% from 2023 to 2030. The rising prevalence of chronic diseases, increasing disposable income, and growing government initiatives to improve healthcare infrastructure are driving the market growth.
  • Latin America: The Latin American rigid endoscopes market is expected to reach US$ 500 million by 2030, growing at a CAGR of 7.0% from 2023 to 2030. The rising prevalence of chronic diseases, increasing disposable income, and growing government initiatives to improve healthcare infrastructure are driving the market growth.
  • Middle East and Africa: The Middle East and Africa rigid endoscopes market is expected to reach US$ 200 million by 2030, growing at a CAGR of 6.2% from 2023 to 2030. The rising prevalence of chronic diseases, increasing disposable income, and growing government initiatives to improve healthcare infrastructure are driving the market growth.

Key Players:

  • Olympus Corporation
  • Fujifilm Holdings Corporation
  • Stryker Corporation
  • Richard Wolf GmbH
  • Pentax Corporation
  • Karl Storz SE & Co. KG
  • Ambu A/S
  • B. Braun Melsungen AG
  • Erbe Elektromedizin GmbH
  • Aesculap AG

Segmentation:

By Product:

  • Laparoscope
  • Arthroscope
  • Cystoscope
  • Gynecological Endoscope
  • Other

By Application:

  • Hospital & Clinic
  • ASCs
  • Others

By Technology:

  • Straight rigid endoscopes
  • Semi-rigid endoscopes

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa