Global Light Sources for Endoscopy Market: Overview

The global light sources for endoscopy market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Robust market revenue growth is supported by rising prevalence of gastroenterological disorders, growing number of surgical procedures carried out worldwide, and rapid adoption of high-intensity endoscopic light sources to offer more efficient diagnosis and treatment. Increasing global patient pool and geriatric population, technological advancements in endoscopic devices, and rapid development of advanced visualization technologies in endoscopy are other factors driving revenue growth of the market. Increasing R&D activities to develop in-vivo light sources for endoscopy using technologies such as near-infrared spectroscopy and fluorescence spectroscopy are further expected to fuel global market growth in the near future.

External light sources are generally used in endoscopes during procedures in order to illuminate affected areas to be examined. Light sources for endoscopy are typically characterized by their compactness, portability, and high-intensity light range. Larger standalone endoscopy light sources are used for longer endoscopes in procedures such as gastrointestinal tract examination. Unlike portable endoscopes, such light sources are connected to a power outlet and emit light through fiberoptic light guides. Also, standalone light sources have a relatively higher light intensity than their portable counterparts. Over recent years, demand for LED light sources for endoscopy has risen considerably with rapid developments in medical technologies. These devices feature high luminous intensity, extended lamp life, reduced noise generation, and a high Color Rendering Index (CRI). 

Global Light Sources for Endoscopy Market: Dynamics
Drivers: Rising adoption of LED light sources for endoscopy

Increasing demand for LED endoscopic light sources is one of the major factors attributed to steady growth of the global market. Integration of LED technology into endoscopic lighting systems has resulted in longer life, higher reliability, and higher luminous intensity. Hence, LED light sources are increasingly replacing xenon lamps in endoscopic devices, owing to higher energy-efficiency, improved durability, and lesser costs associated with LEDs. 

Restraints: Risks associated with endoscopic procedures

Growth of the global light sources for endoscopy market is significantly restrained by factors associated with risks and endoscopic procedures. Although these procedures are generally safe, they could lead to certain complications such as bleeding, infection, reaction to sedation, tear or lesions in the gut wall, and pancreatitis in rare cases. Therefore, a potential decrease in the number of endoscopic procedures due to such risks is expected to hamper growth of this market to a certain extent over the forecast period.

Global Light Sources for Endoscopy Market: Application Outlook

The laparoscopy segment emerged dominant in 2020, with highest revenue share contribution to the global market. Revenue growth of this segment is primarily attributed to increasing number of laparoscopic procedures being conducted globally and technological advancements in laparoscopy devices in the recent past.

Global Light Sources for Endoscopy Market: Regional Outlook

North America is expected to continue to account for larger revenue share as compared to other regional markets in the global light sources for endoscopy market over the forecast period. Rising prevalence of chronic and acute diseases and disorders, extensive usage of advanced endoscopes in surgical procedures, rising popularity of LED light sources for endoscopy, and presence of state-of-the-art medical infrastructure are some primary factors driving revenue growth of the North America market.

Companies Profiled in the Report:

Some major companies operating in the global light sources for endoscopy market include Olympus Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, HOYA Corporation, Smith & Nephew Plc, B. Braun, Stryker Corporation, Conmed, Mindray Medical International Limited, Karl Storz SE & Co., KG, Richard Wolf GmbH, Schoelly Fiberoptic GmbH, Zhejiang Tiansong Medical Instrument Co., Ltd., SonoScape Medical Corp., and Aohua Endoscopy Co., Ltd.

Report Scope & Segments Covered in the Report:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global light sources for endoscopy market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global light sources for endoscopy market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

For the purpose of this report, the global light sources for endoscopy market is segmented based on product type, application, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

  • LED (Light-Emitting Diode)
  • Xenon
  • Halogen
  • Sol-Arc
  • Incandescent Lamps
  • Others

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Laparoscopy
  • Gastroenterology
  • Arthroscopy
  • Urology
  • ENT
  • Others

Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa

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Key questions answered by the report