The Brazil endoscopy devices market size was valued at USD 469.1 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.80% from 2024 to 2030. Increasing prevalence of various gastrointestinal, cardiovascular, and other target diseases are expected to boost the market growth. Technological advancements such as digital and magnetic endoscopy devices will further propel the market growth. During COVID-19 pandemic the government had to restrict the elective procedures, furthermore, large number of endoscopy centers in Brazil accommodated COVID-19 patients during the pandemic, which impacted the market growth negatively. However, post pandemic the market witnessed significant growth as elective procedures were resumed.
The less invasive properties and affordable post and pre-procedure cost of endoscopy devices are the major factors anticipated to boost the market growth over the forecast period. Furthermore, a shift in trend to use disposable endoscopic components to minimize the procedure cost and the chance of cross-contamination is also expected to accelerate market growth over the years. Minimally invasive surgeries are economically viable alternatives to open surgeries and result in reduced risk of postoperative complications, shorter hospital stay and recovery time, and decreased blood loss during surgeries.
Technological advancements in minimally invasive surgeries are expected to drive the demand for endoscopy procedures further. Development of capsule endoscopes and robot-assisted endoscopy has increased the demand for minimally invasive endoscopic surgeries. Technological advancements in minimally invasive surgeries and introduction of new products, majorly endoscopic visualization systems in the market, are expected to propel market growth. Furthermore, the growing number of healthcare centers, such as hospitals, oncology specialty clinics, and cancer centers, is increasing in the need for endoscopy devices.
List of Key Players in Brazil Endoscopy Devices Market
- Boston Scientific Corporation
- Johnson and Johnson
- Medtronic plc
- KARL STORZ
- Olympus Corporation
- Conmed Corporation
- Smith and Nephew PLC
- Fujifilm Holdings Corporation
- Richard Wolf GmbH
- Stryker Corporation
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Brazil Endoscopy Devices Market Report Highlights
- Brazil endoscopy visualization components market dominated the endoscopy devices market in 2023, accounting for a 36.50% revenue share.
- The Brazil gastrointestinal (GI) endoscopy segment dominated the market with a staggering 55.52% market share. The introduction of technologically advanced procedures by key market players is boosting the uptake of GI endoscopy.
- Hospitals led the market share with 46.73%, owing to the rapidly growing number of surgeries performed in hospitals. The segment is expected to grow significantly as hospitals are the most common setting for endoscopy procedures and they require specialized equipment and skilled healthcare professionals
