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Endoscopic Camera Market 2024 - Consumption Analysis, Business Overview And Upcoming Trends 2033
Endoscopic Camera Market
As per the report, 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 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%.
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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.
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 endoscopic camera market covered in this report is segmented -
1) By Type: HD Camera; 3D Camera; 4K Camera; Robotic Camera
2) By Component: Camera Heads; Light Sources; Couplers; Monitors; Console Units; Image Capture Devices
3) By Sensor Type: Complementary Metal Oxide Semiconductor (CMOS); Charge-Coupled Device (CCD)
By Application: ENT Endoscopy; Laparoscopy; Gastrointestinal Endoscopy; Arthroscopy; Bronchoscopy; Urology Endoscopy; Gynecology Endoscopy; Other Application
4) By End User: Hospitals; Ambulatory Surgery Centers; Clinics; Other End-Users
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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.
Contents of the report:
1. Executive Summary
2. Endoscopic Camera Market Report Structure
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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