Medical Videoscope Market - Demand for Medical Videoscopes Has Increased Significantly Owing To the Increasing Preference for Minimally Invasive Surgeries

Medical Videoscope Market is expected to reach $ 27.22 billion by 2022 and will receive an annual average of 5.9% over the forecast period of 2016-2022. The Flexible Vision Scope will account for approximately three-quarters of the overall market in 2015.

Medical Vision Scopes are optical medical devices that help to screen and perform diagnostic interventions within the hollow interior and internal organs such as the gastrointestinal tract (GI), brain, lungs, abdomen, and other organs. An increase in the number of endoscopic procedures due to abdominal pain, ulcers, gut bleeding, abnormal growth of the large intestine and other abdominal and gastrointestinal diseases is expected to promote market growth.

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The major companies profiled in the report include
• Conmed Corporation
• Fujifilm Holdings Corporation
• HOYA Corporation (Pentax Medical)
• KARL STORZ GmbH & Co. KG
• Olympus Corporation
• Richard Wolf GmbH
• Smith & Nephew Plc
• Stryker Corporation
• Hill Rom Holding Inc. (Welch Allen Inc.)
• XION GmbH.

Key drivers of the global medical video scope market are improved technology in visualization systems (3D cameras that enhance image and video quality), increased preference for minimally invasive surgery, and increased endoscopy procedures. In addition, unmet medical demand and miniaturization of video devices in developing countries provide a favorable opportunity for growth in this market. However, market growth is constrained by the lack of skilled professionals and the high costs associated with medical video scopes.

Endoscopy cameras are expected to dominate the visualization and documentation sector, which accounts for more than one-fifth of the total market share in 2015. It improves video quality with ultra-high resolution and four light emitting diodes (resulting from the integration of advanced technology into endoscopic cameras such as LEDs).

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The laparoscopy segment is expected to dominate the application segment with 1/3 share in 2015 and grow at a CAGR of 6.0%. In response to the growing population of obesity, minimally invasive surgery, such as laparoscopic surgery, is now being used worldwide, especially for bariatric surgery. Laparoscopy device companies tend to manufacture robotic assisted endoscopic equipment and sophisticated endoscopic cameras using four LED multi-light techniques to facilitate overall procedures.

Key findings of Medical Videoscope Market:
• Capsule endoscopy is projected to be grow at the highest CAGR from 2016 to 2022.
• Hospital was the highest revenue-generating end user segment in 2015, and is expected to continue its dominance ahead as well.
• North America dominated the global medical videoscope market, and is projected to grow at a CAGR of 5.5%.
• Laparoscopy application occupied nearly one-third of the total market in 2015.
• India is the fastest growing country market in Asia-Pacific region, registering a CAGR of 11.0%.

In 2015, Asia-Pacific and LAMEA collectively accounted for one-third of the total medical videoscope market, and are expected to continue this trend due to rise in geriatric population & targeted diseases, specifically in China, India, and other developing economies. Rise in disposable income, improvement in healthcare funding, and high populace demanding endoscopic procedures drive the growth of the medical videoscope market in Asia-Pacific.

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