The global medical videoscope market is expected to reach USD 20.8 billion by 2025, from USD 14.5 billion in 2017 growing at a CAGR of 7.0% during the forecast period of 2018 to 2025. Global Medical Videoscope Market, By Product (Video Endoscopes, Visualization Systems), Sensor (CMOS Sensors, CCD Sensors), Application (Laparoscopy, Gastrointestinal (GI) Endoscopy, Arthroscopy, Obstetrics/Gynecology, Urology Endoscopy (Cystoscopy), Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, Other Applications), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Forecast to 2025
Global Medical Videoscope Market report has been produced with the most up-to-date insight and analysis to give maximum benefits to the Healthcare IT industry. The report can be used by both established and new players in the industry for a complete understanding of the market. Besides, this document also includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. The scope of this Medical Videoscope Market research report involves industry research, customer insights, market sizing and forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment.
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Major Market Competitors/Players:
Karl Storz GMBH & Co.KG,
Fujifilm Holding Corporation,
Hoya Corporation (Pentax Medical),
Richard Wolf GMBH,
Smith & Nephew PLC,
Welch Allyn, Inc.,
Plc ConMed Corporation,
KARL STORZ GmbH & Co.,
KG Fujifilm Holding Corporation,
Richard Wolf GmbH,
Smith and Nephew PLC,
Advanced Sterilization Products Services Inc.,
US Endoscopy Group,
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Medical videosopes are used to take visual feedback in surgical settings in order to obtain images of internal body parts. The real time video and images taken by videoscopes are displayed to the surgeons while ongoing surgical procedures or medical examination. A medical videoscope is a well-lit, optical instrument that is used to screen and execute diagnostic interventions inside hollow cavities and visceral organs of the body, such as the brain, esophagus, lungs, abdomen, gastrointestinal (GI) tract, and others. Medical conditions such as abdominal pain, ulcers, digestive tract bleeding, abnormal growth in the colon and other abdominal & gastrointestinal diseases can be diagnosed through endoscopy. Due to rise in median age of the population, growing incidence of ophthalmic and gastrointestinal diseases and increasing application of the medical videoscope technology in the treatment of gastroesophageal reflux disorder (GERD) and cancer, the use of medical videoscope has increased. According to a recent article published recently by Becker’s ASC, the gross charge pe GI/endoscopy case is of about USD 3,305.00. Moreover between 2000 and 2009, the percentage of surgery centers offering gastroenterology procedures increased from 11 percent to 34 percent. Hence, with increase in the cases of GI/endoscopy the need for medical videoscope has increased drastically.
Major Market Drivers and Restraints:
- Increasing number of surgical procedures that utilize medical cameras
- Technological advancements in medical cameras
- High manufacturing costs
Based on product:
- Video Endoscopes
- Visualization Systems
On the basis of application:
- Gastrointestinal (GI) Endoscopy
- Urology Endoscopy (Cystoscopy)
Based on geography:
- North America
- South America
- Middle East & Africa
The global medical videoscope market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical videoscope market for global, Europe, North America, Asia Pacific and South America.
Reasons to Purchase this Report:
- Current and future of global medical videoscope market outlook in the developed and emerging markets.
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period.
- The latest developments, market shares, and strategies that are employed by the major market players.
Customization of the Report:
- The report includes the complete segmentation displayed above across all above mentioned countries
- All type covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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