Europe Surgical Visualization Systems Market, By Product Type (Endoscopic Camera, Accessories, Light Sources, Display and Monitors, Video Recorders and Processor, Camera Heads, Video Converters), Application (Arthroscopy, Laparoscopy, ENT Endoscopy, Obstetrics/Gynaecology Endoscopy, Urology Endoscopy, Gastroscopy, Others), End User (Hospital, Specialty Clinics, Diagnostic Imaging Centres, Ambulatory Surgical Centres, Others), Distribution Channel (Direct Tender, Third Party Distributors) – Industry Trends and Forecast to 2029
Market Analysis and Size
The market for Europe surgical visualization systems is estimated to increase rapidly over the forecast period, attributed to the increasing emphasis on personalized treatment. According to the most recent prevalence rate of peptic ulcer disease is increasing. Such disorders necessitate the use of visual imaging devices for both diagnosis and treatment. Hence, growing cases of such diseases enhances the growth of surgical visualization systems in European regions.
- Data Bridge Market Research analyses that the Europe surgical visualization systems market is expected to grow at a CAGR of 11.1% during the forecast period.
Market Definition
Surgical visualization systems are gadgets that aid surgeons in gaining a better understanding of the surgical site. Two movable arms and a viewing platform situated on the distal end of the first moving arm are included in these systems. The camera is set up to give the surgeon at the viewing platform a surgical microscopic image of the surgery site. Surgical visualization improves diagnosis and allows for quick intervention. These variables will contribute to the future growth of surgical visualization.
Europe Surgical Visualization Systems Market Dynamics
Drivers
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Prevalence of chronic disorders
The increase in prevalence rate of chronic diseases such as ulceration, cancer, inflammation and other diseases will act as major driver influencing the market’s growth rate. The diagnostic methods for these diseases employ endoscopy which further propel the demand for Europe surgical visualization systems market across the region.
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Rising number of minimally invasive surgeries
The rising preference among patients towards minimally invasive surgeries will further accelerate the demand for Europe surgical visualization systems market.
Furthermore, the rising number of geriatric population will act as major driver influencing the surgical visualization systems market’s growth rate. Another significant factor resulting in the expansion of market is the advancement of technology. Furthermore, surging healthcare spending capacity and advancement in healthcare infrastructure are the major drivers that will enhance the growth of market. Rise in the prevalence of organ failures and other lifestyle disorders will influence the growth rate of Europe surgical visualization systems market.
Opportunities
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Growth in R&D activities
The rise in the number of research and development activities and favourable government policies regarding healthcare infrastructure will provide beneficial opportunities for the Europe surgical visualization systems market growth. Moreover, increasing government investments for the development of technology and launch of innovative products will further expand the Europe surgical visualization systems market’s growth rate in the future.
Restraints/Challenges
On the other hand, high cost associated the endoscopy procedures will obstruct the market growth. Also, emergence of unfavourable condition due to COVID-19 outbreak will pose a major challenge for Europe surgical visualization systems market. However, technical barriers and the lack of skilled professionals will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This Europe surgical visualization systems 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 Europe surgical visualization systems 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 Surgical Visualization Systems Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. Significant supply chain slowdowns, stock market volatility, decreasing corporate confidence, and rising panic have all been impacted by the COVID-19. The market for endoscopy visualisation systems has been hindered by the cancellation or postponement of elective and non-urgent endoscopic treatments. As a result, the market for surgical visualization systems impacted negatively.
Europe Surgical Visualization Systems Market Scope
The surgical visualization systems market is segmented on the basis of product type, application, end user and distribution channel. 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.
Product Type
- Endoscopic Camera
- Accessories
- Light Sources
- Display and Monitors
- Video Recorders and Processor
- Camera Heads
- Video Converters
On the basis of product type, the Europe surgical visualization systems market is segmented into endoscopic camera, accessories, light sources, display and monitors, video recorders and processor, camera heads and video converters. Endoscopic camera is expected to dominate the global surgical visualization products market due to advent of advanced technology as well as increase in safety measures by the government and private organizations, and a rise in funding for infrastructure development.
Application
- Arthroscopy
- Laparoscopy
- ENT Endoscopy
- Obstetrics/Gynaecology Endoscopy
- Urology Endoscopy
- Gastroscopy
- Others
On the basis of application, the Europe surgical visualization systems market is segmented into arthroscopy, laparoscopy, ENT endoscopy, obstetrics/gynecology endoscopy, urology endoscopy, gastroscopy and others. The arthroscopy segment is expected to dominate the market, due to improving healthcare infrastructure and continuously evolving with the introduction of advanced technology, making it easier for surgeons to reach critical organs, providing better visualization and ergonomic working conditions.
End User
- Hospital
- Specialty Clinics
- Diagnostic Imaging Centres
- Ambulatory Surgical Centres
- Others
On the basis of end user, the Europe surgical visualization systems market is segmented into hospital, specialty clinics, diagnostic imaging centres, ambulatory surgical centres and others. The hospital segment is expected to dominate the market, due to rise in number of surgeries and demand of products that can improve the execution of trajectory of the target organ and improve the efficiency of surgery.
Distribution Channel
- Direct Tender
- Third Party Distributors
On the basis of distribution channel, the Europe surgical visualization systems market is segmented into direct tender and third party distributors. The direct tender segment is expected to dominate the market as due to escalation in marketing activities and improved customer services in a developed and developing countries as well as rising demand for surgical visualization products in developed and developing countries.
Europe Surgical Visualization Systems Market Regional Analysis/Insights
The Europe surgical visualization systems market is analysed and market size insights and trends are provided by country, product type, application, end user and distribution channel as referenced above.
The countries covered in the Europe surgical visualization systems market report are Germany, U.K., France, Italy, Spain, Netherlands, Russia, Turkey, Belgium, Switzerland, and rest of Europe.
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 Europe 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 Europe surgical visualization systems 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 Europe surgical visualization systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe surgical visualization systems market. The data is available for historic period 2010-2020.
Competitive Landscape and Europe Surgical Visualization Systems Market Share Analysis
The Europe surgical visualization systems 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 Europe surgical visualization systems market.
Some of the major players operating in the Europe surgical visualization systems market are Smith+Nephew, Medtronic, Richard Wolf GmbH, Happersberger otopront GmbH, ACUTRONIC Medical Systems AG, I.C.LERCHER-Solutions GmbH, Stryker, MEDI-CARE SOLUTIONS S.R.L, B. Braun Melsungen AG, and Johnson & Johnson Services, Inc., among others.
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