Overview and Scope
Endoscopy video systems refer to a medical imaging device that visualizes the interior of a body cavity or organ and helps to diagnose and treat a variety of conditions. They are used to allow doctors and medical workers to look inside many different organs in the human body.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The endoscopy video systems market report table of contents includes:
1. Executive Summary
2. Endoscopy Video Systems Market Characteristics
3. Endoscopy Video Systems Market Trends And Strategies
4. Endoscopy Video Systems Market – Macro Economic Scenario
5. Global Endoscopy Video Systems Market Size and Growt
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26. South America Endoscopy Video Systems Market
27. Brazil Endoscopy Video Systems Market
28. Middle East Endoscopy Video Systems Market
29. Africa Endoscopy Video Systems Market
30. Endoscopy Video Systems Market Competitive Landscape And Company Profiles
Top Major Players:
- Johnson & Johnson Ltd
- Medtronic PLC
- Siemens Healthineers AG
- FUJIFILM Holdings Corporation
- Stryker Corporation
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