| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| Market Size (2025) | USD 1.18 Billion |
| Market Size (2030) | USD 1.64 Billion |
| CAGR (2025 - 2030) | 6.73% |
Major Players*Disclaimer: Major Players sorted in no particular order |
South Korea Endoscopy Devices Market Analysis
The South Korea Endoscopy Devices Market size is estimated at USD 1.18 billion in 2025, and is expected to reach USD 1.64 billion by 2030, at a CAGR of 6.73% during the forecast period (2025-2030).
Factors such as the growing preference for minimally invasive surgeries, the increasing usage of these devices in endoscopic procedures for the diagnosis of diseases, and technological advancements leading to enhanced applications are fueling market growth.
The significant adoption of minimally invasive surgery techniques in spinal surgery is expected to fuel the need for endoscopy devices. For instance, an article published in the Asian Spine Journal in September 2024 highlighted that endoscopic techniques represent the cutting edge of minimally invasive spine surgery (MISS) and have become increasingly popular in South Korea. Full-endoscopic spine surgery, in particular, holds promise for improved surgical efficiency and faster patient recovery. The applications of full-endoscopic spine surgery have broadened to encompass more complex procedures like foraminotomies, central canal decompression, and interbody fusions. Thus, the growing adoption of these advanced techniques is expected to drive the growth of the South Korea endoscopy devices market during the forecast period.
Furthermore, there is an increasing incidence of chronic diseases such as cancer in the country, which is anticipated to boost the demand for endoscopy devices. For instance, an article published in Cancer Research and Treatment in March 2025 predicted that around 304.7 thousand new cancer cases were anticipated to be diagnosed in South Korea in 2025, an increase from 292.2 thousand cancer cases in 2024. Thyroid cancer was expected to be the most prevalent, followed by colorectal, lung, breast, prostate, and stomach cancers. Thus, this high burden of cancer is anticipated to increase the demand for endoscopic devices in South Korea.
In addition, the goverment initiatives to enhance cancer screening is anticipated to boost the adoption of endoscopy devices, hence contributing to market growth. For instance, an article published in the Journal of Gastric Cancer in January 2025, mentioned that the Korean National Cancer Screening Program (KNCSP) recommends all Korean adults aged 40 and above to receive either an endoscopy or an upper gastrointestinal series (UGIS) every two years to lower the mortality rate from gastric cancer in Korea. This initiative is expected to drive the growth of the South Korea endoscopy devices market, as the increasing demand for regular screenings will likely boost the adoption of advanced endoscopy technologies.
Therefore, the South Korea endoscopy devices market is expected to experience significant growth during the forecast period. This growth is driven by the increasing adoption of minimally invasive surgical techniques, the rising prevalence of chronic diseases such as cancer, and supportive government initiatives promoting regular screenings. However, infections caused by endoscopy devices are expected to hinder market growth over the study period.
South Korea Endoscopy Devices Market Trends
Orthopedic Surgery Segment is Anticipated to Grow Over the Forecast Period
Orthopedic surgeons frequently employ endoscopes in the knee, shoulder, and hip during surgeries. Due to recent developments, surgeons can now also employ endoscopes in the spine as well. Owing to the advantages of endoscopic devices during orthopedic surgeries, the adoption of endoscopes and endoscopic devices is increasing, thereby driving the segment growth.
The increasing acetabular fractures is anticipated to boost the demand for orthopedic surgeries, which, in turn, will lead to the significant adoption of endoscopy devices. For instance, an article published in the Journal of Korean Medical Science in June 2024 highlighted that acetabular fractures are projected to increase by 70% between 2018 and 2030 in South Korea. As endoscopic devices are extensively used in the treatment of orthopedic diseases due to their advantage in surgical exposure and post-operative rehabilitation, the increasing acetabular fractures in South Korea is anticipated to create opportunities for endoscopic devices in the segment. This is further expected to fuel the segment's growth.
Additionally, the adoption of advanced endoscopic techniques in orthopedic surgeries is expected to bolster segment growth. For instance, an article published in the Asian Spine Journal in March 2025, the surgeons at Hallym University Kangnam Sacred Heart Hospital, South Korea, employed a large polyetheretherketone (PEEK) cage using the biportal endoscopic lumbar interbody fusion (BELIF) technique, which showed promise in clinical outcomes and achieving successful fusion. This approach facilitated improved visualization, direct neural decompression, and minimized tissue damage. Such advancements in surgical techniques are expected to contribute significantly to the growth of the orthopedic surgery segment within the South Korea Endoscopy Devices Market.
Therefore, the increasing prevalence of acetabular fractures, coupled with advancements in endoscopic surgical techniques, the segment is anticipated to witness growth over the forecast period.
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Gastroenterology Segment is Anticipated to Grow with the Fastest Rate Over the Forecast Period
Various factors drive the growth of the gastroenterology segment, such as high prevalence of gastrointestinal diseases, growing emphasis on preventive healthcare, and technological advancements in endoscopy devices used in gastroenterology surgeries.
A substantial prevalence of gastrointestinal (GI) diseases in South Korea, such as colorectal cancer, gastric cancer, and inflammatory bowel diseases, is expected to fuel the need for early diagnosis and treatment, driving the extensive utilization of endoscopic procedures and boosting the segment growth. For instance, an article published in the Cancer Research and Treatment Journal in March 2025 reported that around 36 thousand cases of colon and rectum cancer were anticipated to be diagnosed in 2025 in South Korea, a surge of 3.3 thousand cancer cases as compared to 2024. Thus, this increase in colon and rectum cancer cases is expected to drive the demand for advanced endoscopy devices, particularly in the gastroenterology surgery segment, contributing to the growth of the South Korea's endoscopy devices market.
Market players are increasingly turning to acquisitions as a strategy to broaden their product portfolios, a move poised to drive segment growth. For instance, in January 2024, Olympus Corporation clinched a deal to acquire Taewoong Medical Co., Ltd., a Korean firm renowned for its expertise in medical devices, especially gastrointestinal (GI) metallic stents. Now operating as a subsidiary of Olympus, Taewoong Medical not only strengthens Olympus's GI EndoTherapy product lineup but also underscores the company's commitment to improving patient outcomes and raising care standards. The deal saw Taewoong Medical netting around USD 370 million in cash, with an immediate payout of USD 255.5 million at closing and a potential USD 114.5 million, contingent on meeting future milestones. This acquisition highlights Taewoong Medical's pivotal role in GI endoscopy, aligning seamlessly with Olympus's therapeutic solutions division. Given the advancements in endoscopic technologies and solutions, this strategic move is set to make waves in the gastroenterology surgery segment, fueling both growth and innovation.
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South Korea Endoscopy Devices Industry Overview
As per the scope of this report, endoscopy devices are minimally invasive and can be inserted into natural openings of the human body, to observe an internal organ or a tissue in detail. These endoscopic surgeries are being performed for imaging procedures and minor surgeries. The South Korea Endoscopy Devices Market is segmented by Type of Device (Endoscopes, Endoscopic Operative Devices and Visualization Equipment), Application (Gastroenterology, Orthopedic Surgery, Cardiology, Gynecology, Neurology and Others). The report offers the value (in USD million) for the above segments.
South Korea Endoscopy Devices Market Leaders
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Karl Storz SE & Co. KG
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Medex World Wide
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TECHCORD Co., Ltd.
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Olympus Corporation
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PENTAX Medical
- *Disclaimer: Major Players sorted in no particular order
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South Korea Endoscopy Devices Market News
- April 2025: The Seoul Metropolitan Government (SMG) and Intuitive Surgical, one of the significant biotechnology companies specializing in surgical robotics and minimally invasive surgery (MIS) and 3DHD endoscopes, signed a memorandum of understanding (MOU) in South Korea. This agreement secured an additional USD 95.2 million (KRW 15 billion) in foreign direct investment (FDI) to expand its Seoul center's capabilities and develop new business ventures in Seoul, South Korea.
- December 2024: Medtronic Korea inaugurated the 'Robotic Surgery Research and Training Center' at its Medtronic Innovation Center (MIC) Osong Campus in the Osong Advanced Medical Complex, Chungcheongbuk-do, Korea. The new center boasts a surgical lab designed to mirror real hospital operating rooms, equipped with 11 surgical tables, laparoscopic and endoscopic equipment, LED lighting, and high-definition monitors. This expansion made the MIC Osong Campus unique in Korea, providing comprehensive research and educational support for a full spectrum of surgical approaches, including open, laparoscopic, and robotic-assisted procedures.
South Korea Endoscopy Devices Industry Segmentation
As per the scope of this report, endoscopy devices are minimally invasive and can be inserted into natural openings of the human body to observe an internal organ or tissue in detail. These endoscopic surgeries are being performed for imaging procedures and minor surgeries. The South Korea Endoscopy Devices Market is segmented by type of device and application. By type of device, the market is segmented into endoscopes, endoscopic operative devices, and visualization equipment. By application, the market is segmented into gastroenterology, orthopedic surgery, cardiology, gynecology, neurology, and others. Other applications include laparoscopy, bronchoscopy, and urology, among others. The report offers the market sizes and forecasts in value (USD million) for the above segments.
| By Type of Device | Endoscopes | Rigid Endoscope | |
| Flexible Endoscope | |||
| Capsule Endoscope | |||
| Robot-assisted Endoscope | |||
| Endoscopic Operative Devices | Irrigation/Suction System | ||
| Access Device | |||
| Wound Protector | |||
| Insufflation Device | |||
| Operative Manual Instrument | |||
| Other Endoscopic Operative Devices | |||
| Visualization Equipment | Endoscopic Camera | ||
| SD Visualization System | |||
| HD Visualization System | |||
| By Application | Gastroenterology | ||
| Orthopedic Surgery | |||
| Cardiology | |||
| Gynecology | |||
| Neurology | |||
| Others | |||
By Type of Device
| Endoscopes | Rigid Endoscope |
| Flexible Endoscope | |
| Capsule Endoscope | |
| Robot-assisted Endoscope | |
| Endoscopic Operative Devices | Irrigation/Suction System |
| Access Device | |
| Wound Protector | |
| Insufflation Device | |
| Operative Manual Instrument | |
| Other Endoscopic Operative Devices | |
| Visualization Equipment | Endoscopic Camera |
| SD Visualization System | |
| HD Visualization System |
By Application
| Gastroenterology |
| Orthopedic Surgery |
| Cardiology |
| Gynecology |
| Neurology |
| Others |
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South Korea Endoscopy Devices Market Research Faqs
How big is the South Korea Endoscopy Devices Market?
The South Korea Endoscopy Devices Market size is expected to reach USD 1.18 billion in 2025 and grow at a CAGR of 6.73% to reach USD 1.64 billion by 2030.
What is the current South Korea Endoscopy Devices Market size?
In 2025, the South Korea Endoscopy Devices Market size is expected to reach USD 1.18 billion.
Who are the key players in South Korea Endoscopy Devices Market?
Karl Storz SE & Co. KG, Medex World Wide, TECHCORD Co., Ltd., Olympus Corporation and PENTAX Medical are the major companies operating in the South Korea Endoscopy Devices Market.
What years does this South Korea Endoscopy Devices Market cover, and what was the market size in 2024?
In 2024, the South Korea Endoscopy Devices Market size was estimated at USD 1.10 billion. The report covers the South Korea Endoscopy Devices Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Endoscopy Devices Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South Korea Endoscopy Devices Industry Report
Statistics for the 2025 South Korea Endoscopy Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Endoscopy Devices analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
