Press release
Global Endoscopic Camera Market Projected to Surpass $4.81 Billion by 2029 with 9.1% Annual Growth
Endoscopic Camera Market
The burgeoning instances of gastrointestinal diseases are projected to accelerate the expansion of the endoscopic camera market. Gastrointestinal diseases encompass an array of disorders impacting the digestive system, the organ system accountable for food digestion, nutrient absorption, and waste expulsion. With the escalating instances of gastrointestinal conditions like irritable bowel syndrome, gastritis and gastrointestinal cancers, there's an amplified demand for endoscopy cameras. These cameras are vital in the diagnosis and surveillance of these conditions via minimally invasive methods, facilitating precise visualization and treatment planning. For example, the American Cancer Society (ACS), a health organization in the U.S. committed to cancer eradication, revealed in January 2023, gastrointestinal cancers had risen by 3.18% to 348,840 from 338,090 in 2021 in the United States. As such, the increasing prevalence of gastrointestinal diseases will substantially influence the growth of the endoscopic camera market. Rising instances of anal cancer are anticipated to stimulate the growth of the endoscopic camera market as well. Anal cancer, a unique type of cancer, develops in the anal canal- a brief tube at the rectum's terminal from where feces exit the body. Endoscopic cameras offer superior imaging capabilities, paving the way for more detailed observations during endoscopic examinations. They assist in identifying cancerous lesions or abnormalities within the anal tract. For example, the Cancer Facts and Figures 2023 report issued by the American Cancer Society, a professional organization based in the United States, indicated that the new instances of anal cancer reported in the United States were 9,760 compared to 9,440 cases in 2022. Moreover, the deaths due to anal cancer increased to 1,870, an increase from the 1,670 deaths in 2022. Hence, the increasing cases of anal cancer play a consequential role in propelling the growth of the endoscopic camera market.
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How will the growth rate of the endoscopic camera market shape industry trends by 2034?
In recent times, the market size for endoscopic cameras has seen a swift expansion. It is projected to level up from a worth of $3.08 billion in the year 2024, to an estimated $3.39 billion in 2025, indicating a compound annual growth rate (CAGR)standing at 10.1%. The surge during the historic period could be linked to factors such as the rise of minimally invasive surgery, advancements in medical training and education, enhancement in patient and surgeon safety, and progress in robot-assisted surgery.
The market size for endoscopic cameras is anticipated to witness substantial expansion in the coming years, growing to a valuation of $4.81 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. The increase during the forecast period is attributable to the worldwide expansion of healthcare facilities, an aging populace, remote medical consultations and telesurgery, and single-port endoscopy. Noteworthy trends for the forecast period include advancements in technology, incorporation of artificial intelligence, personalized imaging techniques, and the use of disposable endoscopes.
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How are the latest trends influencing the growth of the endoscopic camera market?
Advancements in technology, such as high-definition imaging and wireless functions, are being leveraged by firms in the endoscopic camera market to enhance the precision and quality of medical imaging and thus support accurate diagnostic procedures and treatment planning. To illustrate, Endoluxe, Inc., an American company offering portable smart devices and endoscopy solutions, unveiled its inaugural high-definition wireless endoscopic camera in collaboration with TowerTech in March 2022. This innovative solution is designed to improve a range of endoscopic processes using standard analog scopes, both rigid and versatile. The innovative handheld Orb device takes the place of standard endoscopic towers used in various medical fields, including urology, gynecology, ENT, general surgery, and orthopedics. TowerTech ensures an all-inclusive solution by directly incorporating all required visualization functionalities into the camera head, deviating from the conventional usage of a complex setup that includes a mobile tower, isolated camera head, light source, cumbersome light cables, a recording device, a monitor, and complex wiring between the camera and monitor.
Which primary segments of the endoscopic camera market are driving growth and industry transformations?
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
Subsegments:
1) By HD Camera: Standard HD Camera, HD Camera With Enhanced Imaging Features
2) By 3D Camera: Standard 3D Camera, 3D Camera With Advanced Visualization Technologies
3) By 4K Camera: Standard 4K Camera, 4K Camera With Image Stabilization Features
4) By Robotic Camera: Robotic Endoscopic Camera System, Flexible Robotic Camera System
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Which geographical regions are pioneering growth in the endoscopic camera market?
North America was the largest region in the endoscopic camera market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in endoscopic camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the endoscopic camera market landscape?
Major companies operating 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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What Is Covered In The Endoscopic Camera Global Market Report?
• Market Size Forecast: Examine the endoscopic camera market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the endoscopic camera market for a structured understanding.
• Key Players Overview: Analyze major players in the endoscopic camera market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the endoscopic camera market.
• Segment Contributions: Evaluate how different segments drive overall growth in the endoscopic camera market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the endoscopic camera market.
• Industry Challenges: Identify potential risks and obstacles affecting the endoscopic camera market.
• Competitive Landscape: Review strategic developments in the endoscopic camera market, including expansions, agreements, and new product launches.
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