Market Size of France Endoscopy Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.14 Billion |
| Market Size (2029) | USD 3.13 Billion |
| CAGR (2024 - 2029) | 7.77 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Endoscopy Devices Market Analysis
The France Endoscopy Devices Market size is estimated at USD 2.14 billion in 2024, and is expected to reach USD 3.13 billion by 2029, growing at a CAGR of 7.77% during the forecast period (2024-2029).
COVID-19 had a significant impact on the market studied in France. A May 2022 published study by PubMed states that without any catch-up outside of the lockdown periods and despite the gradual rollout of the national COVID-19 vaccine campaign in 2021, the pandemic had a significant negative impact on hospitalizations for cataract surgery, coronary angioplasty, hip and knee arthroplasties, and other procedures from 2020 through the first half of 2021. The hospital care given to surgical patients was unavoidably impacted by the pandemic. Pre-hospital emergency departments, critical care units, and anesthesia departments were notably impacted. The hospital system underwent a significant change as resources were transferred to the care of COVID-19 patients. Hence, it is observed that the endoscopy devices market was majorly hampered during the COVID-19 pandemic.
The demand for various endoscopy devices is anticipated to increase due to various factors, including rising demand for surgeries with faster recovery and the increasing adoption of endoscopy for treatment and diagnosis. Additionally, the rising burden of chronic diseases such as cancer is propelling the growth of the market studied. For instance, according to Globocan 2020, the incidence of pancreatic cancer in France was 14,461, and liver cancer was 11,504. These cases are expected to increase in the future, which is anticipated to propel the market's growth in France.
Additionally, the presence of French-born companies in the endoscopy business is propelling the growth of the market as local endoscopy devices are sold at a lesser cost compared to imported devices. Furthermore, due to the presence of key players such as Fujifilm, Conmed Corporation, Boston Scientific, and Medtronic PLC, there is a strong availability of branded endoscopy devices in the country. Therefore, owing to the above-mentioned factors, the market studied is expected to witness strong growth over the forecast period.
However, the lack of skilled labor in the country may hinder the market's growth over the forecast period.
