At the end of 2022, the endoscopy video systems market is worth around US$ 24.09 billion. By 2032, the market for endoscopy video systems is anticipated to grow at a 6.6% CAGR and reach a value of US$ 45.65 billion.
“The accelerating trend of transplantation and the increasing need for stem cell banking are further factors contributing to the expansion of the endoscopy video systems market.”
Endoscopy is a minimally invasive technique used to examine the body's internal organs. Endoscopy video systems can provide images of superior quality, which is why they are crucial in the medical industry. An advanced video system known as an endoscope video system uses all aspects of endoscopic procedures and improves the image and video quality. Printers, monitors, displays, and light sources are all part of the endoscope video system's functionality.
The growing demand for stem cell banking and the rapid trend of transplantation are further factors contributing to the market's rise. The prevalence of ailments such gastrointestinal issues, pancreatic abnormalities, urological, gynaecological, and respiratory disorders are predicted to rise, which would boost the market for endoscopy video systems.
| Attributes | Details |
|---|---|
| Endoscopy Video Systems Market CAGR | 6.6% |
| Endoscopy Video Systems Market Size 2022 | US$ 24.09 billion |
| Endoscopy Video Systems Market Size 2032 | US$ 45.65 billion |
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It is anticipated that this is likely to increase demand for endoscopy video systems in the coming years. Furthermore, the expanding older population increases the number of patients who require endoscopic procedures, resulting in a major increase in the endoscopy video systems market over the projection period.
Patients and clinicians are much more aware of the usage and treatment of modern endoscopic technologies, which is encouraging market growth of endoscopy video systems due to the numerous benefits offered by these devices, such as less invasion and a faster recovery time.
Similarly, the market for endoscopy video systems is expected to grow rapidly over the forecast period due to a significant increase in the number of people sensitive to orthopedic and ophthalmic ailments.
The endoscopic vision systems segment had the highest revenue share (71.5%) in 2020. This is a result of advances in technology that have improved imaging capabilities.
Included among the equipment used for endoscopy visualization are camera heads, light sources, video processors, suction pumps, high-definition monitors, insufflators, and other devices. Two major elements that have contributed to the segment's growth are the aging population and the rise in endoscopic operations.
Generally speaking, there are seven key regions that make up the endoscopy video systems market: North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
North America dominates the endoscopy video system market on a global scale. The rising incidence of stomach and colorectal cancers, as well as the increased need for cutting-edge diagnostic methods, are some of the variables that contribute to the dominant share.
Due to the rising expense of treating cancer, the high prevalence of the elderly, and the rise in endoscopic treatments, the European endoscopy video systems market is also lagging behind the global industry in terms of revenue.
Due to the strategic presence of important players like Olympus and Fujifilm, the East Asian region is expected to experience profitable growth.
The endoscopy video systems market is fragmented, with a number of competitors vying for market share. The producers of endoscopy video systems work hard to create devices that are accurate and effective in every task they carry out.
The manufacturers' increasing willingness to engage in R&D projects in quest of novel processes and technologies is also having an impact on the market's rate of expansion for endoscopic video systems.
The position of a particular player in the endoscopy video systems market is determined by appealing marketing tactics and the efficacy of the endoscopy video systems. The producers of endoscopic video systems routinely engage in mergers, acquisitions, collaborations, joint ventures, and partnerships in an effort to further enhance their positions in the market.
SonoScape, Johnson & Johnson, Stryker, Fujifilm Global, Olympus, Medtronic, Kairos Co. Ltd., BR Surgical, GIMMI GmbH, Mindary, Perlong, and Boston Scientific are a few notable market participants. The ELUXEO Surgical System was introduced by Fujifilm Corporation in July 2020. It offers superior visualisation and can execute both rigid and flexible procedures from a single tower.
The market is expected to grow as a result of the increasing incidence of illnesses such as colorectal cancer, gastrointestinal problems, pancreatic abnormalities, and urological, gynecological, and respiratory disorders. The World Cancer Research Fund reports that colorectal cancer is the second most prevalent cancer in women and the third most prevalent cancer in men.
In the forthcoming years, it is projected that this will increase demand for endoscopic procedures. In addition, the growing elderly population increases the number of patients needing endoscopic operations as a result the endoscopy systems market will grow significantly over the forecast period.
Due to the multiple benefits offered by these devices, including less invasion and a quicker recovery time, patients and physicians are becoming more and more aware of the use and treatment of advanced endoscopic technologies, which is boosting market growth. Similarly, it is anticipated that the market will develop exponentially during the projected period due to the sharp rise in the number of individuals who are susceptible to orthopedic, and ophthalmic illnesses.
Principal Consultant
The endoscopy video systems market is broadly divided into seven major regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
Globally, the market for endoscopy video systems is dominated by North America. The increasing prevalence of colorectal and gastric cancers as well as the rising need for advanced diagnostic techniques are factors that contribute to the dominant share.
The European endoscopy video systems market is also second in line in the global market due rising cost burden of cancer, the high presence of the age population, and the growing number of endoscopic procedures.
The East Asian region is predicted to show lucrative growth owing to the strategic presence of key players such as Olympus and Fujifilm.
Olympus, BR Surgical, Stryker Corporation, Mindary, Fujifilm Global, Boston Scientific, Medtronic, Smith & Nephew plc., Richard Wolf GmBH, CONMED Corporation, B.Braun Melsungen, SonoScape, Perlong.
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| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 6.6% 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segment Covered | Product, Application, End User, Region |
| Region Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Players | Olympus; BR Surgical; Stryker Corporation; Mindary; Fujifilm Global; Boston Scientific; Medtronic; Smith & Nephew plc.; Richard Wolf GmBH; CONMED Corporation; B.Braun Melsungen; SonoScape; Perlong |
| Customization | Available Upon Request |
The global endoscopy video systems market is anticipated to register a CAGR of 6.6% during the forecast period.
The global endoscopy video systems market is projected to be about US$ 42.8 Bn by the end of year 2032.
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