The endoscopy video systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Endoscopy Video Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The endoscopy video systems market size has grown strongly in recent years. It will grow from $24.58 billion in 2023 to $26.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to minimally invasive surgery (mis), training and education, patient and surgeon safety, digital transformation in healthcare.
The endoscopy video systems market size is expected to see strong growth in the next few years. It will grow to $35.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to global expansion of healthcare, patient-centered care, endoscopy in specialized fields, wireless and portable systems. Major trends in the forecast period include technological advancements, artificial intelligence integration, 3d imaging, augmented reality (ar) visualization.
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Scope Of Endoscopy Video Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Endoscopy Video Systems Market Overview
Market Drivers –
The growing rates of stomach and colorectal cancer are expected to propel the growth of the endoscopy video systems market in the coming future. Stomach (gastric) cancer is a kind of cancer that begins in the cells that line the stomach. Colorectal cancer refers to the cancer that originates in the rectum or the colon. Endoscopy video systems used in stomach and colorectal cancer can assist physicians in screening and diagnosing the cancer using an endoscope inserted into the gastrointestinal tract. For instance, in February 2023, according to the American Society of Clinical Oncology, a US-based organization representing oncologists, in the US it is estimated that 153,020 adults are expected to be diagnosed with colorectal cancer and 52,550 deaths are expected to occur in 2023. Further, in January 2022, according to the American Cancer Society, a US-based non-profit health group committed to cancer eradication, in 2023, over 26,500 new stomach cancer cases and 11,130 deaths are estimated to occur in the US. Therefore, the growing rates of stomach and colorectal cancer are driving the endoscopy video systems market.
Market Trends –
Major companies operating in the endoscopy video system market are concentrating on developing innovative solutions, such as surgical visualization platforms, to provide reliable customer services and strengthen their market position. Surgical visualization platforms refer to a system with a camera, light source and display that provides surgeons with a clear and magnified view of the surgical site. For instance, in September 2022, Olympus Corporation, a Japan-based manufacturer of endoscopic video devices, launched VISERA ELITE III. VISERA ELITE III is a sophisticated surgical visualization platform that accommodates the demands of healthcare providers (HCPs) for endoscopic operations across numerous medical specialties. The VISERA ELITE III offers a wide range of imaging features, all supported by one system, enabling minimally invasive treatments like laparoscopic cholecystectomy and laparoscopic colectomy. The next stage of software upgrades will broaden surgical imaging capabilities and help specific setups that seamlessly support several surgical applications, resulting in lower investment costs.
The endoscopy video systems market covered in this report is segmented –
1) By Product: Endoscopic Video Systems; Endoscopy Video Components
2) By Component Type: Camera Head; Light Sources; Suction Pumps; Video Processors; Insufflators
3) By Application: Upper GI Endoscopy; Colonoscopy; Bronchoscopy; Sigmoidoscopy; ENT Endoscopy; Other Applications
4) By End User: Hospitals; Specialty Clinics; Diagnostic Imaging Centers; Ambulatory Surgical Centers; Other End Users
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Regional Insights –
North America was the largest region in the endoscopy video systems market in 2023. The regions covered in endoscopy video systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the endoscopy video systems market are Johnson & Johnson Ltd., Medtronic PLC, Siemens Healthineers AG, FUJIFILM Holdings Corporation., Stryker Corporation, Boston Scientific Corporation, Nisco Co Ltd., B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew PLC, Hologic Inc., Steris PLC, Mindray Medical International Ltd., Teleflex Incorporated, Arthrex Inc., Karl Storz SE & Co. KG, CONMED Corporation, Ambu A/S, Richard Wolf GmbH, SonoScape Medical Corp, PENTAX Medical, Verathon Inc., Perlong Medical Equipment Co.Ltd., XION GmbH, BR Surgical LLC, Luxtel LLC, CapsoVision Inc., Happersberger Otopront GmbH, ILO Electronic GmbH.
Table of Contents
- Executive Summary
- Endoscopy Video Systems Market Report Structure
- Endoscopy Video Systems Market Trends And Strategies
- Endoscopy Video Systems Market – Macro Economic Scenario
- Endoscopy Video Systems Market Size And Growth
…..
- Endoscopy Video Systems Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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