The Business Research Company’s Endoscopy Video Systems Global Market Report 2024 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Endoscopy Video Systems Global Market Report 2023 evaluates endoscopy video systems market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global endoscopy video systems market is expected to 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 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.
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The endoscopy video systems market segments in the report are:
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
The table of contents in TBRC’s endoscopy video systems market report includes:
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