Press release
Endoscopic Camera Market Report 2024: Strategies And Recent Developments | Medtronic PLC, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, SKF Group
Endoscopic Camera Market Size
The Business Research Company offers in-depth market insights through Endoscopic Camera Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The endoscopic camera market size has grown rapidly in recent years. It will grow from $2.8 billion in 2023 to $3.08 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to minimally invasive surgery, medical training and education, patient and surgeon safety, robot-assisted surgery.
The endoscopic camera market size is expected to see strong growth in the next few years. It will grow to $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to global expansion of healthcare, aging population, remote consultations and telesurgery, single-port endoscopy. Major trends in the forecast period include technological advancements, artificial intelligence integration, customized imaging modes, disposable endoscopes.
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Market Segmentation:
The main types of endoscopic cameras are HD cameras, 3D cameras, 4K cameras and robotic cameras. HD camera refers to a particular kind of camera with a specified resolution of 720p or 1080p that can record high-definition photos and videos and doctors may use HD cameras to accurately diagnose and treat medical disorders since they can see inside organs and tissues clearly. The various components of endoscopic cameras are camera heads, light sources, couplers, monitors, console units and image capture devices, which are integrated with complementary metal oxide semiconductor (CMOS) and charge-coupled device (CCD) sensors. It is used in ENT endoscopy, laparoscopy, gastrointestinal endoscopy, arthroscopy, bronchoscopy, urology endoscopy, gynecology endoscopy and other applications by end users such as hospitals, ambulatory surgery centers, clinics and others.
Major Driver - Rising Prevalence Of Gastrointestinal Diseases Sparks Growth In The Endoscopic Camera Market
The increasing prevalence of gastrointestinal diseases is expected to propel the growth of the endoscopic camera market going forward. Gastrointestinal diseases, or digestive disorders, refer to a wide range of conditions that affect the digestive system, which includes the organs responsible for breaking down food, absorbing nutrients and eliminating waste. The increased prevalence of gastrointestinal diseases such as irritable bowel syndrome, gastritis and gastrointestinal cancers has led to a higher demand for endoscopy cameras, as they play a crucial role in diagnosing and monitoring these conditions through minimally invasive procedures, aiding in accurate visualization and treatment planning. For instance, in January 2023, according to the American Cancer Society (ACS), a US-based health organization dedicated to eliminating cancer, gastrointestinal cancers increased by 3.18% to 348,840 compared to 338,090 in 2021 in the United States. Therefore, the increasing prevalence of gastrointestinal diseases will drive the endoscopic camera market.
Competitive Landscape:
Major players in the endoscopic camera market are Medtronic PLC, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, SKF Group, B. Braun Melsungen AG, Olympus Corporation, Hoya Corporation, Smith & Nephew PLC, Ethicon US LLC, Arthrex Inc., Cook Group, KARL STORZ Endoscopy-America Inc., Conmed Corporation, Richard Wolf GmbH, American Well Corporation, Ackermann Instrumente GmbH, Henke-Sass Wolf GmbH, XION Medical, Cogentix Medical Inc., NORTH-SOUTHERN ELECTRONICS LIMITED, PCE Instruments UK Limited, Zowietek Electronics Ltd., Huger Endoscopy Instruments Co. Ltd., ILO electronic GmbH, Maxer Endoscopy GmbH, Advin Healthcare Private Limited, PROVIX Inc., Odysight.ai Inc., Optofine Instruments Pvt. Ltd.
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Top Trend - Rising Attention Towards Technological Advancement Revolutionizes Medical Imaging
Technological integration, such as wireless capabilities and high-definition imaging are adopted by companies operating in the endoscopic camera market, which focuses on integrating advanced technologies to improve the quality and accuracy of medical imaging, aiding precise diagnoses and treatment plans. For instance, in March 2022, Endoluxe, Inc., a US-based provider of portable smart devices and endoscopy solutions, launched its first high-definition wireless endoscopic camera with TowerTech, a pioneering solution designed to enhance various endoscopic procedures employing conventional analog scopes, both rigid and flexible. The handheld Orb innovation replaces the traditional endoscopic towers utilized across urology, gynecology, ENT, general surgery and orthopedics. TowerTech offers a comprehensive solution by directly integrating all necessary visualization features into the camera head. This contrasts with the traditional approach of employing a multifaceted setup, including a tower on wheels, a separate camera head, a camera processor, a light source, unwieldy light cables, a recorder, a monitor and intricate cabling between the camera and monitor.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Endoscopic Camera Market Characteristics
3. Endoscopic Camera Market Trends And Strategies
4. Endoscopic Camera Market - Macro Economic Scenario
5. Endoscopic Camera Market Size And Growth
…..
27. Endoscopic Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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