Global Medical Videoscope Market Segmentation, By Product Type (Videoscopes and Visualization and Documentation Systems), Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, Obstetrics/Gynecology Endoscopy, ENT Endoscopy, Others), End User (Hospitals, Clinics, Others), Sensor (CMOS Sensors, CCD Sensors)-Industry Trends and Forecast to 2031
Medical Videoscope Market Analysis
Increased angles in the field of vision in endoscopes, reduced outer diameters of scopes, endoscopic systems that are combined with high-resolution technologies such as 3D systems, and compact endoscopy systems are all examples of technological advancements.
Medical Videoscope Market Size
Global medical videoscope market size was valued at USD 20.47 billion in 2023 and is projected to reach USD 36.24 billion by 2031, with a CAGR of 7.4% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Medical Videoscope Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Olympus Corporation (Japan), Stryker Corporation (US), Karl Storz GMBH & Co.KG (Germany), Fujifilm Holding Corporation (Japan), PENTAX Medical (Japan), Richard Wolf GMBH (Germany), Smith & Nephew plc (UK), Conmed Corporation (US), Welch Allyn (US), XION GMBH (Germany), Cook Medical (US), Advanced Sterilization Products Services Inc (US), Medtronic (Ireland), Siemens (Germany), and STERIS. (US).
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Medical Videoscope Market Dynamics
Drivers
Major factors that are expected to boost the growth of the medical videoscope market in the forecast period are as follows:
- Rise in the Minimally Invasive Surgeries
Growing demand for endoscopy due to the increasing inclination for minimally invasive surgeries. Furthermore, these minimally invasive procedures are endoscopic and cost-effective as compared to open surgeries in terms of hospital stays, as well as pre- and post-operative costs.
- Technological Developments
Medical video scopes are becoming increasingly miniaturised because to technology advancements. Increased angles in the field of view of endoscopes, reduced outer diameters of scopes, and endoscopic systems that are combined with high-resolution technologies have all been made possible by technological advancements.
- Increasing of Elderly Population
The number of senior individuals is rapidly increasing, putting them at risk for orthopaedic, gastrointestinal, and ophthalmic disorders, as well as cancer. Endoscopic operations are rapidly being employed to treat a variety of serious illnesses, including cancer, obesity, and gastroesophageal reflux disease (GERD) (GERD).
Opportunities
In addition, the growing incidence of diseases that demand endoscopy are further provide potential opportunities for the growth of the medical videoscope market in the coming years.
Restraints/Challenges
On the other hand, the lack of trained endoscopists around the world is further projected to impede the growth of the medical videoscope market in the targeted period. However, the increased cost of endoscopic procedures which might further challenge the growth of the medical videoscope market in the near future.
This medical videoscope market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical videoscope market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Medical Videoscope Market Scope
The medical videoscope market is segmented on the basis of product type, application, end user and sensor. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Videoscopes
- Visualization
- Documentation Systems
Application
- Bronchoscopy
- Arthroscopy
- Laparoscopy
- Urology Endoscopy
- Neuroendoscopy
- Gastrointestinal Endoscopy
- Obstetrics/Gynecology Endoscopy
- ENT Endoscopy
- Others
End User
- Hospitals
- Clinics
- Others
Sensor
- CMOS Sensors
- CCD Sensors
Medical Videoscope Market Regional Analysis
The medical bed market is analyzed and market size insights and trends are provided by country, product type, application, end user and sensor as referenced above.
The countries covered in the medical videoscope market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical videoscope market due to the rise in the manufacturing costs and increasing of the elderly population. Furthermore, the rise in the prevalence of diseases that require endoscopy. Moreover, the growing inclination for minimally invasive surgeries will further boost the growth of the medical videoscope market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the medical videoscope market due to the increase in the technological developments in medical cameras.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Medical Videoscope Market Share
The medical videoscope market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical videoscope market.
Medical Videoscope Market Leaders Operating in the Market Are:
- Olympus Corporation (Japan)
- Stryker Corporation (US)
- Karl Storz GMBH & Co.KG (Germany)
- Fujifilm Holding Corporation (Japan)
- PENTAX Medical (Japan)
- Richard Wolf GMBH (Germany)
- Smith & Nephew plc (UK)
- Conmed Corporation (US)
- Welch Allyn (US)
- XION GMBH (Germany)
- Cook Medical (US)
- Advanced Sterilization Products Services Inc (US)
- Medtronic (Ireland)
- Siemens (Germany)
- STERIS. (US)
Latest Developments in Medical Videoscope Market
- In 2021, PENTAX Medical (a HOYA Group company) and Jiangsu Vedkang Medical Science and Technology Co., Ltd have announced the formation of PENTAX Medical Therapeutics (Jiangsu) Co., Ltd, which would manufacture single-use therapeutics in the field of flexible medical endoscopy. This strategic partnership with Vedkang will help to improve healthcare quality around the world
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