The global endoscopy video systems market, valued at approximately US$ 24.09 billion at the end of 2022, is poised for significant growth in the coming years. According to a recent report by Future Market Insights (FMI), the market is projected to expand at a compound annual growth rate (CAGR) of 6.6%, reaching an estimated valuation of US$ 45.65 billion by 2032.
The growth of the endoscopy video systems market can be attributed to several key factors, including the increasing prevalence of gastrointestinal disorders and the rising demand for minimally invasive surgeries. As healthcare professionals increasingly turn to advanced imaging technologies for accurate diagnosis and treatment, the adoption of endoscopy video systems is expected to rise significantly.
Technological advancements in endoscopy video systems, such as enhanced imaging quality, improved visualization techniques, and the integration of artificial intelligence, are also expected to drive market growth. These innovations not only improve patient outcomes but also increase efficiency in surgical procedures.
Furthermore, the growing awareness of the benefits of early diagnosis and treatment is contributing to the increased demand for endoscopic procedures, further boosting the market for endoscopy video systems.
As the healthcare industry continues to evolve, the endoscopy video systems market is well-positioned for growth, with stakeholders keenly focused on innovation and meeting the rising needs of healthcare providers and patients alike.
Market Dynamics
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.
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
Key Segments Covered in the Endoscopy Video Systems Market Report
By Product:
- Endoscopic Video Systems
- Standard Definition (SD) Visualization Systems
- 2D Systems
- 3D Systems
- High Definition (HD) Visualization Systems
- 2D Systems
- 3D Systems
- Standard Definition (SD) Visualization Systems
- Endoscopy Video Components
- Camera Heads
- Insufflators
- Light Sources
- High Definition Monitors
- Suction Pumps
- Video Processors
By Application:
- Upper GI Endoscopy
- Colonoscopy
- Bronchoscopy
- Sigmoidoscopy
- ENT Endoscopy
- Others
By End User:
- Hospitals
- Specialty Clinics
- Diagnostic Imaging Centers
- Ambulatory Surgical Centers
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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