Press release
Soaring Demand Set to Propel Endoscopic Camera Market to $4.81 Billion by 2029
Endoscopic Camera
What Is the Expected CAGR for the Endoscopic Camera Market Through 2025?
There has been a swift expansion of the endoscopic camera market in the past few years. Its size is set to increase from $3.08 billion in 2024 to $3.39 billion in 2025, with a compound annual growth rate (CAGR) of 10.1%. The remarkable growth in the preceding period is influenced by factors such as minimally invasive surgery, advancements in medical training and education, safety measures for patients and surgeons, as well as the use of robot-assisted surgery.
What's the Projected Size of the Global Endoscopic Camera Market by 2029?
Predictions indicate a robust growth in the endoscopic camera market in the upcoming years, with its size expected to reach $4.81 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.1%. This surge within the projected period can be ascribed to factors such as the worldwide expansion of healthcare services, an increasing older population, remote consultations, and telesurgery, as well as single-port endoscopy. In addition, key future trends encompass technological advancements, incorporation of artificial intelligence, personalized imaging modes, and disposable endoscopes.
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Top Growth Drivers in the Endoscopic Camera Industry: What's Accelerating the Market?
The escalating instances of gastrointestinal disorders are anticipated to accelerate the expansion of the endoscopic camera market in the near future. Digestive disorders, alternatively known as gastrointestinal diseases, encompass a broad array of ailments affecting the digestion system, i.e., organs involved in disintegrating food, absorbing necessary nutrients, and discarding waste. The rising occurrence of gastrointestinal diseases, such as irritable bowel syndrome, gastritis, and gastrointestinal cancers, has elicited a surge in the demand for endoscopy cameras - key instruments in diagnosing and monitoring these diseases via merely invasive procedures, facilitating exact visualization and arranging treatments accordingly. For example, as per the American Cancer Society (ACS), a health organization operating from the US and committed to cancer eradication, the cases of gastrointestinal cancers in the United States saw a rise of 3.18%, numbering 348,840 in January 2023, up from 338,090 in 2021. Consequently, the escalating instances of gastrointestinal diseases will stimulate the endoscopic camera market. The endoscopic camera market is projected to be stimulated by the escalating instances of anal cancer. Anal cancer is an uncommon sort of cancer cropping up in the anal canal, a short passage lying at the rectum*'s end via which feces are emitted from the body. Endoscopic cameras offer superior imaging features, permitting more detailed observations during endoscopic inspections. This medical gear assists in identifying cancerous sores or irregularities present in the anal passage. For example, as stated in the Cancer Facts and Figures 2023 report made public by the American Cancer Society, a professional organization operating from the US, the tally of newly reported anal cancer cases in the United States is 9,760, upward from 9,440 cases in 2022. Furthermore, the mortality count due to anal cancer rose to 1,870, up from the 1,670 deaths documented in 2022. As a result, the escalating instances of anal cancer are bolstering the expansion of the endoscopic camera market.
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What Trends Will Shape the Endoscopic Camera Market Through 2029 and Beyond?
Companies in the endoscopic camera market are embracing technological advancements such as wireless technology and high-definition imagery to enhance the precision and quality of medical imaging, thereby facilitating accurate diagnosis and treatment plans. For example, Endoluxe, Inc., a US-based firm specializing in portable smart devices and endoscopy solutions, launched its state-of-the-art high-definition wireless endoscopic camera featuring TowerTech in March 2022. The device, designed to supplement various endoscopic procedures using both rigid and flexible conventional analog scopes, introduces the handheld Orb innovation. This technology supplants the traditional towers relied upon in urology, gynecology, ENT, general surgery, and orthopedics fields. TowerTech integrates all required visualization features directly into the camera head, contrasting from the typical practice of having a complex setup with a mobile tower, a dedicated camera head, a camera processor, a light source, bulky light cables, a recorder, a monitor, and sophisticated camera-monitor cabling.
What Are the Main Segments in the Endoscopic Camera Market?
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 Top Companies are Driving Growth in the Endoscopic Camera Market?
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.
Which Regions Will Dominate the Endoscopic Camera Market Through 2029?
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.
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