South Korea Flexible Endoscopes Market Size, Share, and COVID-19 Impact Analysis, By Product (Bronchoscopes, Laparoscopes, Laryngoscopes, and Otoscopes), By End Use (Hospitals and Outpatient Facilities), and South Korea Flexible Endoscopes Market Insights, Industry Trend, Forecasts to 2035
Industry: HealthcareSouth Korea Flexible Endoscopes Market Insights Forecasts to 2035
- The South Korea Flexible Endoscopes Market Size Was Estimated at USD 219.4 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 5.86% from 2025 to 2035
- The South Korea Flexible Endoscopes Market Size is Expected to Reach USD 410.5 Million by 2035
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According to a Research Report Published by Spherical Insights & Consulting, The South Korea Flexible Endoscopes Market Size is anticipated to reach USD 410.5 Million by 2035, Growing at a CAGR of 5.86% from 2025 to 2035. The need for different kinds of endoscopes and endoscopy equipment in cystoscopy, bronchoscopy, arthroscopy, and laparoscopy surgeries is rising as a result of the growing popularity of minimally invasive surgical techniques.
Market Overview
The industry devoted to the design, development, production, and distribution of flexible endoscopes medical devices used for minimally invasive diagnostic and therapeutic treatments within the body, is known as the flexible endoscopes market. These devices enable physicians to view and operate on inside organs and cavities because they have a long, flexible tube with a camera and light source. Flexible endoscopes enable more thorough diagnoses and treatments by navigating intricate anatomical structures and reaching places that rigid endoscopes cannot. The need for flexible endoscopes for diagnosis and treatment is being driven by the rising prevalence of illnesses like colon cancer, stomach cancer, inflammatory bowel disease, and lung infections. The market for flexible endoscopes is growing as more people undergo endoscopic treatments as a result of awareness campaigns and screening programs for conditions like colorectal cancer. The market for flexible endoscopes is growing as more people undergo endoscopic treatments as a result of awareness campaigns and screening programs for conditions like colorectal cancer. Market expansion is derived by public and private investments in endoscopic facilities and physician education, especially in emerging nations.
Report Coverage
This research report categorizes the market for South Korea flexible endoscopes market based on various segments and regions forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea flexible endoscopes market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea flexible endoscopes market.
South Korea Flexible Endoscopes Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 219.4 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR of 5.86% |
2035 Value Projection: | USD 410.5 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 97 |
Segments covered: | By Product, By End Use |
Companies covered:: | Caretek CO., Ltd. (Flexible video-scopes), Korean-suppliers.ecplaza.net, TECHCORD Co., Ltd. (endoscopes, cameras), MI ONE Co., Ltd.(endoscopy cameras & LED light), Eve Medical Co., Ltd.(digestive tract endoscopes), Litecure Korea Co., Ltd.(medical endoscopes & monitors), Hyunjoo In-Tech Co., Ltd.(endoscope accessories), Unibahn Corporation (endoscope systems & lasers), Sonority Inc. (Portable endoscopes & ophthalmoscopes), YRS (medical/precision optical instruments including endoscopy), and Other key vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The rising incidence of gastrointestinal and chronic respiratory diseases, such as colorectal cancer and COPD, is driving diagnostic and therapeutic demand. Technological advancements, including HD imaging, AI integration, wireless capsule endoscopy, and robotic systems, enhance diagnostic accuracy and procedural efficiency. Growing healthcare spending and aging populations boost access to advanced endoscopic equipment.
Restraining Factors
High acquisition, maintenance, and sterilization costs limit adoption in underfunded healthcare settings. Complex reprocessing protocols and the risk of cross-contamination raise safety concerns and incur compliance burdens. Additionally, rapid technological obsolescence forces frequent equipment upgrades, which inflate costs. A shortage of skilled operators and rigorous regulatory approval processes further impede market penetration, especially in smaller facilities.
Market Segmentation
The South Korea flexible endoscopes market share is classified into product and end use.
- The bronchoscopes segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea flexible endoscopes market is segmented by product into bronchoscopes, laparoscopes, laryngoscopes, and otoscopes. Among these, the bronchoscopes segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The rising prevalence of respiratory diseases and increasing demand for minimally invasive diagnostic procedures. Advancements in bronchoscopy technology and growing awareness of early lung disease detection further drive adoption.
- The hospitals segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea flexible endoscopes market is segmented by end use into hospitals and outpatient facilities. Among these, the hospitals segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. High procedure volumes, availability of specialized medical staff, and advanced infrastructure. Hospitals are better equipped for complex diagnostics and treatments using endoscopy. Additionally, increasing healthcare investments and patient preference for comprehensive care contribute to the segments significant share and growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea flexible endoscopes market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Caretek CO., Ltd. (Flexible video-scopes)
- Korean-suppliers.ecplaza.net
- TECHCORD Co., Ltd. (endoscopes, cameras)
- MI ONE Co., Ltd.(endoscopy cameras & LED light)
- Eve Medical Co., Ltd.(digestive tract endoscopes)
- Litecure Korea Co., Ltd.(medical endoscopes & monitors)
- Hyunjoo In-Tech Co., Ltd.(endoscope accessories)
- Unibahn Corporation (endoscope systems & lasers)
- Sonority Inc. (Portable endoscopes & ophthalmoscopes)
- YRS (medical/precision optical instruments including endoscopy)
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea flexible endoscopes market based on the below-mentioned segments:
South Korea Flexible Endoscopes Market, By Product
- Bronchoscopes
- Laparoscopes
- Laryngoscopes
- Otoscopes
South Korea Flexible Endoscopes Market, By End Use
- Hospitals
- Outpatient Facilities
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