openPR Logo
Press release

Endoscopy Visualization System Market Opportunity Assessment 2018 - 2028 | Olympus Corporation, Karl Storz GmbH & Co KG., Pentax Medical Company

01-10-2019 04:34 PM CET | Health & Medicine

Press release from: Future Market Insights

Endoscopy Visualization System Market Opportunity Assessment

73% Revenue Contribution by the Leading Manufacturers in the Endoscopy Visualization System Market

The endoscopy visualization system market is largely dominated by major manufacturers who are competing on the basis of advancement and pricing in the endoscopy visualization system market. The fragmented nature of the endoscopy visualization system market decreases the profitability of the business. However, growing awareness and increasing demand for minimally invasive endoscopic procedures are factors expected to boost the growth of the endoscopy visualization system market. Companies such as Olympus Corporation, Pentax Medical Company (Hoya Corporation), Fujifilm Holding Corporation, Karl Storz GmbH & Co KG, Richard Wolf GmbH and Boston Scientific Corporation hold more than 73% revenue share in the global endoscopy visualization system market. These companies are constantly making efforts to launch novel products. Furthermore, the companies operating in the endoscopy visualization system market are collaborating with local distributors/retailers to increase the penetration of their products in the global endoscopy visualization system market.

Increase in Number of Endoscopic Surgeries Performed Globally Each Year

Endoscopy visualization system provides magnified and high-definition endoscopic images and makes it easier for visualization and precise classification of flat and small polyp’s lesions. This technology makes the treatment easy, as well as helps in healthcare savings. The increasing prevalence of cancer, gastrointestinal, urology and gynecology disorders has led to an increase in endoscopic procedures owing to changing lifestyle and growing ageing population. This steady increase of endoscopic procedures has led to an increase in demand for minimally invasive procedures which indirectly drives the growth of the endoscopy visualization system market. The global healthcare industry is witnessing an increase in the number of endoscopic surgeries performed each year due to the number of factors including rising focus on minimally invasive endoscopic surgeries, surge in the prevalence of GI, urology, gynecology, etc. disorders and other macroeconomic factors, such as increase in per capita health care expenditure. GI, urology, gynecology, lung disorders present a large patient pool undergoing endoscopic surgeries each year, especially in emerging countries. These factors are expected to boost the growth of the endoscopy visualization system market. Endoscopy visualization system provides magnified and high-definition endoscopic images and makes it easier for visualization and precise classification of flat and small polyp’s lesions. This technology makes the treatment easy, as well as helps in healthcare savings. The increasing prevalence of cancer, gastrointestinal, urology, respiratory and gynecology disorders has led to an increase in endoscopic procedures owing to changing lifestyle and growing the ageing population. This steady increase of endoscopic procedures has led to an increase in the demand for minimally invasive procedures, which indirectly is boosting the growth of the endoscopy visualization system market.

Growing Geriatric Population

The ageing population is becoming one of the most significant social transformations. Globally, the number of people aged 60 and above is growing at a rapid pace, than all younger age groups. The world’s ageing population is growing at a high rate. Aged people 60 or above account for over 10% and are likely to rise to over 20% by 2050. According to the World Population Prospects 2017, the number of aged population (those aged 60 years or over) is expected to be more than double (2.1 billion) by 2050 and to more than triple (3.1 billion) by 2100. The frequently rising ageing population is the prime factor driving the growth of the global endoscopy visualization system market as people aged above 60 years have a high risk of developing gastrointestinal, urology, and gynecology disorders. Moreover, organs ability to function progressively reduces with the increasing age.

Large Patient Pool and Shift towards Minimally Invasive Procedures

Emerging economies such as India, China, Brazil, South Africa and Mexico have a large share of underserved patients. These geographies represent a big opportunity for medical device manufacturers. Rising demand for minimally invasive procedures will have a high impact on endoscopy visualization system market. Open surgeries are complicated procedures however minimally invasive procedures are safe and less complicated as they involve small incisions in the patient’s body. The advantages of minimally invasive procedures include fast recovery time, less blood loss & chances of infection and fewer marks after surgery on the body. These advantages have gained a lot of consumer attention and hence, drive the endoscopy visualization system market. The increasing demand for less invasive, i.e. endoscopic, procedures is expected to surge the growth of the endoscopy visualization system market.

Request to View Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7596

High Cost of Technology and Lack of Trained Endoscopy Specialists and Professionals

Initial installations & set up and repair & service of equipment of endoscope involves high cost. Limited financial support in secluded locations is a great challenge, which is expected to the restrain the growth of the global endoscopy visualization system market. The possibility of recovering costs depends on the number of procedures performed per day. Hence, cost recovering is quite uncertain and involves high risk. Also, endoscopic procedures can only be performed based on the availability of good medical facilities. Delivery of high-quality endoscopy services largely depends on the capability of the endoscopy specialist. Globally, the demand for endoscopic procedures is increasing. Hence, the growth of endoscopy visualization system market can be affected due to the limited number of skilled endoscopists. According to a survey conducted by the NCBI (National Center for Biotechnology Information) in 2015, in hospitals of the urban area, only 43% of residents are considered to be using endoscopy in their practices.

Improper Healthcare Infrastructure in Emerging Markets

From the past few years, in developing countries, rapid changes in the healthcare industry have been observed. Lack of development and improper implementation of clinical practice guidelines in developing countries, such as China, India and the Middle East and African countries is also expected to restrain the growth of the endoscopy visualization system market. Moreover, improper regulatory framework and lack of awareness regarding minimally invasive procedures in emerging markets are also expected to hamper the growth of the endoscopy visualization system market.

Competitive Landscape of the Global Endoscopy Visualization System Market

The competition section features the profiles of the key players in the global endoscopy visualization system market based on their marketing approach, differential strategies, product offerings, market shares, and company dashboard. Some of the endoscopy visualization systemmarket key players featured in this report include Olympus Corporation, Karl Storz GmbH & Co KG., Pentax Medical Company (Hoya Corporation), Stryker Corporation, Fujifilm Holding Corporation, Conmed Corporation, Boston Scientific Corporation, DePuy Synthes (Johnson & Johnson Services, Inc.), Smith & Nephew and Richard Wolf GmbH.

The key manufacturers offer advanced endoscopy visualization systems. Olympus Corporation has launched VISERA ELITE II surgical endoscope system and Visera 4K UHD system for throat, nose and ear procedures. Fujifilm has launched ELUXEO the next generation endoscopy systems. Karl Storz has launched a new 3D endoscopy module. Boston Scientific has launched minimally invasive endoscopic procedures for the ureter, kidney and bladder.

The key manufacturers of endoscopy visualization system are focusing on novel marketing strategies to increase product penetration. The companies offering endoscopy visualization system are concentrating on price floor strategies. These companies are offering endoscopy visualization system products with lucrative discounts. Conventional end users, such as hospitals, ambulatory surgical centers, specialty clinics and diagnostic imaging centers are expected to be the key target for the local manufacturers.

Need more information about Report methodology ? @ https://www.futuremarketinsights.com/askus/rep-gb-7596

Definition

Endoscopy visualization system (EVS) is a type of system used in the visualization and interpretation of high definition endoscopic image of all endoscopy surgeries. Endoscopy visualization system provides improved endoscopic images.  Endoscopy visualization system is used to in general surgeries, gastroenterological surgery, respiratory surgery, urology, obstetrics/gynecology, orthopedic surgery, endocrine surgery, pediatric surgery, anesthesiology, and all other fields of surgical treatment.

About the Report

The company conducted a research study on the endoscopy visualization system market for the period 2018 to 2028. The report offers a comprehensive evaluation of the business opportunities prevailing in the endoscopy visualization system market along with insights on the procedure performed, installation of device, disease incidence, and awareness level of the endoscopy visualization systemand endoscopy visualization systemmarket competition. The report elaborates the macroeconomic factors influencing the dynamics of the endoscopy visualization system market and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of the endoscopy visualization system market based on product type, area type, end-user and region. The product type of endoscopy visualization systemmarket are sold as high-range endoscopy visualization system, mid-range endoscopy visualization system and low-range endoscopy visualization system. The area type of endoscopy visualization systemmarket are gastrointestinal tract, respiratory tract, ear, urinary tract, female reproductive tract and through a small incisions. End-user segments inthe endoscopy visualization systemmarket which are the part of this endoscopy visualization system market report include hospital, ambulatory surgical centers, specialty clinics and diagnostic imaging centers. The endoscopy visualization system market has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding China, China and the Middle East and Africa.

Additional Questions Answered

Some of the additional questions addressed in this report on endoscopy visualization system market-

What is the revenue potential of endoscopy visualization systemacross regions of North America and Europe?

Who are the key competitors and what are their portfolios in the endoscopy visualization system market?

What are major challenges influencing the growth of the endoscopy visualization system market?

How intervention from reimbursement and key regulations is shaping the endoscopy visualization system market growth?

Research Methodology

The endoscopy visualization systemmarket has been estimated based on supply-demand approach. The endoscopy visualization systemmarket was first calculated based on endoscopic procedures performed which was calculated from different region/countries. The installed number of endoscopy visualization system was estimated based on the average installation of endoscopy visualization systemper hospital in top the 20 countries globally. Other qualitative factors analyzed during endoscopic procedures performed and installation of endoscopy visualization system estimation include awareness level for minimally invasive endoscopic surgeries, reimbursement, key regulations, average price of the system and others. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases). The research study on endoscopy visualization system market also includes top trends and macro as well as microeconomic factors shaping the endoscopy visualization system market. With this approach, the report on endoscopy visualization system market anticipates the industry attractiveness of every major segment in endoscopy visualization system over the forecast period.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us

U.S. Office

616 Corporate Way, Suite 2-9018,

Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Endoscopy Visualization System Market Opportunity Assessment 2018 - 2028 | Olympus Corporation, Karl Storz GmbH & Co KG., Pentax Medical Company here

News-ID: 1488016 • Views:

More Releases from Future Market Insights

Industrialization and Urbanization Propel Global Abrasive Market Growth Across Automotive and Construction Sectors
Industrialization and Urbanization Propel Global Abrasive Market Growth Across A …
The global abrasive industry demand is experiencing noteworthy growth, with a projected increase in valuation from USD 53,622.9 million in 2024 to USD 81,694.6 million by 2034. The market is expected to grow at a CAGR of 4.3% through 2034, driven by increasing demand from industries such as automotive, construction, and metalworking. The construction industry, in particular, is driving the demand for abrasives due to the surge in infrastructure development and urbanization. With
Disposable Protective Apparel Market is to Reach USD 3,475.9 Million by 2033
Disposable Protective Apparel Market is to Reach USD 3,475.9 Million by 2033
Future Market Insights, an ESCOMAR certified market research and consulting firm, projects a steady growth trajectory for the global disposable protective apparel market. According to their latest study, the market is poised to expand at a CAGR of 4.1% during the forecast period. The market is estimated to be valued at USD 2,325.7 million in 2023, with a projected value of USD 3,475.9 million by 2033. Growing Need for Single-Use Protection
Currency Counting Machines Market Revenue Anticipated to Surpass USD 373.4 Million by 2033
Currency Counting Machines Market Revenue Anticipated to Surpass USD 373.4 Milli …
According to the FMI projections, the currency counting machines market is expected to experience substantial growth, reaching an estimated value of USD 231.4 million in 2023 and projecting a robust increase to USD 373.4 million by 2033. The industry is estimated to undergo a CAGR of 4.9% during forecast period. This notable surge is primarily attributed to the rising incidents of counterfeit currency circulation, although potential hindrances such as the increasing
Rescue Hoist Systems Market Anticipated 3.8% CAGR with Estimated Value Reaching USD 845 Million by 2033
Rescue Hoist Systems Market Anticipated 3.8% CAGR with Estimated Value Reaching …
Future Market Insights, a leading ESCOMAR certified market research and consulting firm, has published a comprehensive report on the global rescue hoist system market. According to the report, the market is set to experience a steady growth trajectory, with an average CAGR of 3.8% between 2023 and 2033. The market is expected to attain a significant market share of USD 845 million by 2033, compared to its projected value of

All 5 Releases


More Releases for Endoscopy

Robotic Endoscopy Devices Market Growth Prospects Via – Key players Auris Heal …
The global robotic endoscopy devices market is segmented on the basis of product type application and end user. Based on product type, the market is segmented as diagnostic and therapeutic. Based on application, the market is segmented as laparoscopy, bronchoscopy, and colonoscopy. Based on end user, the market is segmented as hospitals, ambulatory surgical centers, others. Endoscopes are widely used for gastrointestinal (GI) diagnostics and minimally invasive surgery. Rapid technological advancements
Endoscopy Devices Market - Analysis By Type (Rigid, Flexible, Capsule), Applicat …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Endoscopy Devices Market. The report analyzes the Global Endoscopy Devices Market By Type (Rigid, Flexible, Capsule), By Application (Arthroscopy, Bronchoscopy, Colonoscopy, Laparoscopy, GI Endoscopy, Others) and By End User (Hospital, Clinic). The Global Endoscopy Devices Market has been analzyed By Region (North America,
Surgical Snare Market Dominated by GI Endoscopy, Laparoscopy, Urology Endoscopy, …
Download Free PDF Brochure Now on Surgical Snare Market Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1768744 . Surgical snare market comprises several stakeholders such as raw material suppliers, manufacturers of surgical snare, and regulatory organizations in supply chain. Demand side of this market is characterized by consumers of surgical snares. Various primary sources from both supply and demand sides of market were interviewed to obtain qualitative & quantitative information. Surgical snares market size is expected to
Endoscopy Equipment Market to 2021 - Dominated by Growth in Endoscopy, Laparosco …
The endoscopy equipment market report provides a picture on endoscopes, visualization systems, other endoscopy equipment, and accessories across different applications and regions. North America is expected to account for largest share of the global endoscopy equipment market, followed by Europe, Asia-Pacific, & Rest of the World (RoW). Free Sample Papers of Endoscopy Equipment Market spread across 432 Pages, Profiling 13 Companies and Supported with 538 Tables and 52 Fig is now
World “Endoscopy Device Market” 2018 Leading Key Players Cogentix Medical, I …
Endoscopy Device Market Information: By Type, (Flexible Endoscopes), Therapy (Gastroscopy), Treatment & Procedure (Abdominal, Gynecologic and Pelvic Organ Conditions), Application, (Gastrointestinal Endoscopy), Accessory & Processor, Technology, and End User - Global Forecast Till 2023. Endoscopy Devices Market is expected to grow at a CAGR of ~ 6.3% from 2017 to 2023 KEY PLAYERS FOR ENDOSCOPY DEVICES MARKET
Endoscopy Device Market 2018 Leading Manufacturer | Cogentix Medical, Integrate …
The Global Endoscopy Device Market is expected to grow at a CAGR of 6.3% during the forecast period 2017-2023. An endoscopy is a procedure that allows physicians or surgeons to look interior parts of the organ. The technique is used for both diagnostic and therapeutic purpose. To perform endoscopy a specialized instrument is used named as endoscope. Various types of endoscopes and adoption of endoscope depends upon the affected body organ,