Product Description
The total U.S. Gastrointestinal Endoscopic devices market was valued at over $5.9 billion in 2023, a 12.9% increase from 2022. This is expected to increase over the forecast period at a CAGR of 6.5% to reach over $9.2 billion.
Currently, the top competitors within the U.S. gastrointestinal endoscopic device market are Exact Sciences, Boston Scientific, and Olympus. Throughout this medical market research, we analyzed over 45 gastrointestinal endoscopic device companies in the U.S. and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, procedure volumes, and to create accurate forecasts.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2030, and Historical Data to 2020
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
PROCEDURE NUMBERS
his analysis includes the fecal Immunochemical test for DNA (FIT-DNA), gastrointestinal (GI) endoscopy, capsule endoscopy, virtual colonoscopy, stenting, dilation, tissue biopsy, polypectomy snare, specimen retrieval, foreign-body, hemostasis, enteral feeding tube placement, anti-reflux device implantation and Barrett’s esophagus ablation procedures.
In 2023, the largest segment was GI endoscopy, which accounted for more than half of the procedure volume. GI endoscopy is one of the most widely performed medical procedures in the United States.
U.S. GASTROINTESTINAL ENDOSCOPIC DEVICE MARKET INSIGHTS
The increasing adoption of single-use devices and technological advancements are expected to propel market growth in the coming years. Innovative products like single-use colonoscopes and gastroscopes from industry leaders Ambu and Boston Scientific are poised to capture significant market share. These devices effectively address critical healthcare needs, such as infection prevention and operational efficiency, making them indispensable in modern medical settings.
U.S. GASTROINTESTINAL ENDOSCOPIC DEVICES MARKET SHARE INSIGHTS
The U.S. gastrointestinal endoscopic device market was controlled by Exact Sciences, Boston Scientific, and Olympus.
Exact Sciences led the U.S. GI market in 2023, with its Cologuard FIT-DNA test gaining rapid adoption since its FDA approval in 2014. The company’s market share is expected to grow further as FIT-DNA test adoption increases.
Boston Scientific held the largest share in multiple segments, including stenting and dilation devices, ERCP devices, biopsy forceps, polypectomy snares, and EUS needles, along with the hemostasis device market. It ranked second overall and is projected to see strong growth in its AXIOS™ stent and single-use endoscopes.
Olympus ranked third, leading the GI endoscope and endoscopic submucosal dissection knife markets. It was also active in several other segments, such as capsule endoscopy, stenting and dilation, and hemostasis devices.
MARKET SEGMENTATION SUMMARY
- FIT-DNA Tests Market
- Gastrointestinal Endoscopes Market – Includes:
- Segment: New Reusable Gastrointestinal Endoscopes, Refurbished Reusable Gastrointestinal Endoscopes, Reusable Gastrointestinal Endoscope Service, Singe-Use Gastrointestinal Endoscopes.
- Endoscope Distal Attachment Cap Market
- Capsule Endoscopy Market – Includes:
- Device Type: Camera Capsule, Data Recorder.
- Virtual Colonoscopy Software Market
- Stenting & Dilation Device Market – Includes:
- Device Type: Esophageal Stent, Duodenal Stent, Esophageal Dilation Balloon, Duodenal Dilation Balloon, Colonic Dilation Balloon.
- Endoscopic Retrograde Cholangiopancreatography (ERCP) Device Market – Includes:
- Device Type: Sphincterotome, Biliary Stone Removal Balloon, Biliary Stone Removal Basket, Biliary Dilation Balloon, Biliary Lithotripter, Biliary and Pancreatic Stent, Biliary Lithotripter, ERCP Guidewire, ERCP Cannula
- Biopsy Forceps, Polypectomy Snares & EUS-Needles Market – Includes:
- Device Type: Biopsy Forceps, Polypectomy Snare, EUS Needle Market
- Endoscopic Submucosal Dissection Market
- Submucosal Lifting Agent Market
- Specimen & Foreign-Body Removal Device Market – Includes:
- Device Type: Specimen Retrieval Device, Foreign-Body Removal Device
- Hemostasis Device Market – Includes:
- Device Type: Electrosurgical Generator, Hemostasis Probes, Ligation Device, Sclerotherapy Needle
- Enteral Feeding Device Market – Includes:
- Device Type: Enteral Feeding Pump, Enteral Feeding Tube, Enteral Feeding Set
- Anti-Reflux Device Market
- Barret’s Esophagus Ablation Device Market – Includes:
- Device Type: Ablation Device Market, Ablation Catheter Market
RESEARCH SCOPE SUMMARY
Report Attribute | Details |
---|---|
Region | North America (United States) |
Base Year | 2023 |
Forecast | 2020-2030 |
Historical Data | 2020-2023 |
Quantitative Coverage | Procedure Numbers, Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, Disease Overviews. |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |