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Endoscopy Video Systems Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Johnson & Johnson Ltd., Medtronic PLC, Siemens Healthineers AG, FUJIFILM Holdings Corporation., Stryker Corporation
Endoscopy Video Systems Market Size
The Business Research Company offers in-depth market insights through Endoscopy Video Systems 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 endoscopy video systems market size has grown strongly in recent years. It will grow from $24.58 billion in 2023 to $26.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to minimally invasive surgery (mis), training and education, patient and surgeon safety, digital transformation in healthcare.
The endoscopy video systems market size is expected to see strong growth in the next few years. It will grow to $35.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to global expansion of healthcare, patient-centered care, endoscopy in specialized fields, wireless and portable systems. Major trends in the forecast period include technological advancements, artificial intelligence integration, 3d imaging, augmented reality (ar) visualization.
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Market Segmentation:
The main types of products in endoscopy video systems are endoscopic video systems and endoscopy video components. Endoscopic video systems consist of a microchip camera made up of an array of silicon circuits that operate as sensitive to light capacitors (i.e., charge-coupled devices [CCDs]) for identifying images of body cavities. The various component types are camera head, light sources, suction pumps, video processors and insufflators applied in upper GI endoscopy, colonoscopy, bronchoscopy, sigmoidoscopy, ENT endoscopy and others. The end users are hospitals, specialty clinics, diagnostic imaging centers, ambulatory surgical centers and others.
Major Driver - Rising Incidence Of Stomach And Colorectal Cancer Fuels Growth In The Endoscopy Video Systems Market
The growing rates of stomach and colorectal cancer are expected to propel the growth of the endoscopy video systems market in the coming future. Stomach (gastric) cancer is a kind of cancer that begins in the cells that line the stomach. Colorectal cancer refers to the cancer that originates in the colon. Endoscopy video systems used in stomach and colorectal cancer can assist physicians in screening and diagnosing the cancer using an endoscope inserted into the gastrointestinal tract. For instance, in February 2023, according to the American Society of Clinical Oncology, a US-based organization representing oncologists, in the US it is estimated that 153,020 adults are expected to be diagnosed with colorectal cancer and 52,550 deaths are expected to occur in 2023. Further, in January 2022, according to the American Cancer Society, a US-based non-profit health group committed to cancer eradication, in 2023, over 26,500 new stomach cancer cases and 11,130 deaths are estimated to occur in the US. Therefore, the growing rates of stomach and colorectal cancer are driving the endoscopy video systems market.
Competitive Landscape:
Major players in the endoscopy video systems market are Johnson & Johnson Ltd., Medtronic PLC, Siemens Healthineers AG, FUJIFILM Holdings Corporation., Stryker Corporation, Boston Scientific Corporation, Nisco Co Ltd., B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew PLC, Hologic Inc., Steris PLC, Mindray Medical International Ltd., Teleflex Incorporated, Arthrex Inc., Karl Storz SE & Co. KG, CONMED Corporation, Ambu A/S, Richard Wolf GmbH, SonoScape Medical Corp, PENTAX Medical, Verathon Inc., Perlong Medical Equipment Co.Ltd., XION GmbH, BR Surgical LLC, Luxtel LLC, CapsoVision Inc., Happersberger Otopront GmbH, ILO Electronic GmbH.
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Top Trend - Innovative Surgical Visualization Platforms Drive Competitive Advantage For Endoscopy Video System Manufacturers
Major companies operating in the endoscopy video system market are concentrating on developing innovative solutions, such as surgical visualization platforms, to provide reliable customer services and strengthen their market position. Surgical visualization platforms refer to a system with a camera, light source and display that provides surgeons with a clear and magnified view of the surgical site. For instance, in September 2022, Olympus Corporation, a Japan-based manufacturer of endoscopic video devices, launched VISERA ELITE III. VISERA ELITE III is a sophisticated surgical visualization platform that accommodates the demands of healthcare providers (HCPs) for endoscopic operations across numerous medical specialties. The VISERA ELITE III offers a wide range of imaging features, all supported by one system, enabling minimally invasive treatments like laparoscopic cholecystectomy and laparoscopic colectomy. The next stage of software upgrades will broaden surgical imaging capabilities and help specific setups that seamlessly support several surgical applications, resulting in lower investment costs.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Endoscopy Video Systems Market Characteristics
3. Endoscopy Video Systems Market Trends And Strategies
4. Endoscopy Video Systems Market - Macro Economic Scenario
5. Endoscopy Video Systems Market Size And Growth
…..
27. Endoscopy Video Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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