Global Video Endoscopy Devices Market – Industry Trends and Forecast to 2029

Video Endoscopy Devices Market Analysis and Size

According to the study "Anatomic Study of Endoscopic Transnasal Approach to Petrous Apex," which was published in January 2020, endoscopy systems are frequently employed in minimally invasive operations to identify the underlying causes of particular problems and symptoms. Traditionally, endoscopic assisted technology can disclose the majority of the space that is difficult to examine by microscope. Through the foramen in the human body, endoscopy can easily shift the angle and view the nearby anatomical structure.

Data Bridge Market Research analyses that the video endoscopy devices market which was USD 42.7 billion in 2021, would rocket up to USD 65.63 billion by 2029, and is expected to undergo a CAGR of 5.52% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Video Endoscopy Devices Market Scope and Segmentation      

Market Definition

A minimally invasive medical treatment called endoscopy is used to identify, stop, and treat problems involving the visceral organs. In this operation, endoscopes are used to see inside hollow organs or bodily cavities. These devices are inserted into the body either by incisions, particularly in the case of arthroscopy, or through natural openings or cavities (such as the anus and mouth). The tip of endoscopes can be equipped with a camera or a light source, which allows doctors or other healthcare professionals (endoscopists) to examine certain inside organs.

Global Video Endoscopy Devices Market Dynamics

Drivers

• Increasing demand for minimal surgical procedure 

Minimally invasive surgery uses a number of procedures to perform operations on patients. Endoscopy is a minimally intrusive technique in which patients recover more quickly, which results in a shorter hospital stay and lower medical costs. This is the reason why endoscopy is becoming more and more popular every day. The market for video endoscopy devices is expanding as a result of the quickening pace of technical development in the endoscopy industry.

• Rapidly advancing endoscopy technology

New chances to detect neoplasia and evaluate colitis are presented by advances in functional hypoxia imaging. The increased detection of tiny polyps using three-dimensional volumetric imaging, which also gives spatial information. Current research on self-propelling colonoscopes shows a higher caecal intubation rate and suggests that they may provide patients with a more comfortable procedure. Ex vivo autonomous locomotor upper gastrointestinal and small bowel capsule devices have been developed by further advancements in robotic technology. This will boost the market growth.

Opportunities

• Technological developments

Full HD image sensors, chip-in-scope technology, and LED-in-scope all present new opportunities in the field of endoscopy. The technology does not require any additional or separate light sources or cords, and it also makes the instrument a lightweight hand-piece with a single cable.

Restraints/Challenges

• High cost

On the other hand, the high cost of visualization equipment, lengthy product approval procedure in the developed market moreover, with the stiff competition will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the video endoscopy devices market.

This video endoscopy devices 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 video endoscopy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Video Endoscopy Devices Market

The video endoscopy devices market was negatively impacted by COVID-19 at the start of 2020, although the whole annual sales volume was not as negatively impacted due to the capital equipment markets' purchasing characteristics. The biggest effect of COVID-19 has been construction delays because large projects are frequently negotiated in contracts years in advance. As the capacity of hospitals and facilities has stabilized to manageable levels, construction has also resumed.

Recent Development

• In September 2020, PENTAX Medical announced that the J10 Series Ultrasound Video Gastroscopes would debut in the United States. These cutting-edge gastroscopes improve image quality, expand diagnostic potential, and support patient disease management.
• In October 2021, The El-740D/S dual-channel endoscope from FUJIFILM Healthcare Americas Corporation was introduced for use in both upper and lower gastrointestinal applications.

Global Video Endoscopy Devices Market Scope

The video endoscopy devices market is segmented on the basis of type, devices, hygiene, application and end-use. The growth amongst these segments will help you analyze meagre 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.

Type

• Endoscopes Devices
• Flexible Endoscopes
• ENT Endoscopes
• Bronchoscopes
• Ultrasound Endoscopes
• Other Flexible Endoscope
• Capsule Endoscope
• Robot-Assisted Endoscope
• Mechanical Endoscopic Equipment

 Devices

• Endoscopic Implants
• Trocars
• Graspers
• Snares
• Biopsy Forceps
• Others

 Hygiene

• Single-use
• Reprocessing and Sterilization

Application

• Bronchoscopy
• Arthroscopy
• Laparoscopy
• Urology Endoscopy
• Neuroendoscopy
• Gastrointestinal Endoscopy
• ENT Endoscopy
• Others

End-Use

• Hospitals
• Ambulatory Surgery Centers
• Clinic
• others

Video Endoscopy Devices Market Regional Analysis/Insights

The video endoscopy devices market is analysed and market size insights and trends are provided by country, type, devices, hygiene, application and end-use as referenced above.

The countries covered in the video endoscopy devices 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 video endoscopy devices market due to the increasing geriatric population, increasing incidences of diseases such as diabetes, cancer and obesity.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to growth in population, increase in prevalence of chronic diseases, and improvement in healthcare facilities. 

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.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The video endoscopy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for video endoscopy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the video endoscopy devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Video Endoscopy Devices Market Share Analysis

The video endoscopy devices 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 video endoscopy devices market.

Some of the major players operating in the video endoscopy devices market are:

• Boston Scientific Corporation (U.S.)
• Stryker (U.S.)
• Olympus corporation (Japan)
• Richard Wolf GMbh (Germany)
• Fujifilm Holdings Corporation (Japan)
• Conmed (U.S.)
• Medtronic (Ireland)
• Medrobotics Corporation (U.S.)
• Hoya Corporation (Japan)
• B. Braun Melsungen AG (Germany)

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