Endoscopy Video Systems Market Expected to Achieve 7.3% CAGR by 2029: Growth Forecast Insights

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How Large Will the Endoscopy Video Systems Market Size By 2025?
In recent times, there has been a robust growth in the size of the endoscopy video systems market. It is projected to increase from $26.56 billion in 2024 to $28.63 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. The surge in growth during the historic period is primarily due to factors such as minimally invasive surgery (mis), advancements in training and education, the emphasis on patient and surgeon safety, and digital transformation in the healthcare sector.

How Big Is the Endoscopy Video Systems Market Size Expected to Grow by 2029?
Robust expansion is anticipated in the endoscopy video systems market over the upcoming years with its market size projected to reach $37.93 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 7.3%. The predicted surge during the forecast period can be tied to factors like the worldwide advancement of healthcare, the focus on patient-centric care, the application of endoscopy in specialized areas, and the emergence of portable and wireless systems. Key trends expected to dominate the forecast period encompass technological progress, the incorporation of artificial intelligence, 3d imagery, and augmented reality (AR) visualization.

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Which Key Market Drivers Powering Endoscopy Video Systems Market Expansion and Growth?
The increasing incidence of stomach and colorectal cancer is predicted to fuel the expansion of the endoscopy video systems market in the foreseeable future. Stomach (gastric) cancer begins in the cells lining the stomach, while colorectal cancer starts in the rectum* or colon. The use of endoscopy video systems in identifying and diagnosing these forms of cancer involves the insertion of an endoscope into the gastrointestinal tract. For example, the American Society of Clinical Oncology, a US-based representation of oncologists, estimated in February 2023 that there would be around 153,020 new cases of colorectal cancer and about 52,550 fatalities in 2023. Moreover, in January 2022, the American Cancer Society, a non-profit health organization focused on eradicating cancer, forecasted that more than 26,500 new cases of stomach cancer and nearly 11,130 deaths would occur in 2023. Consequently, the surging rates of stomach and colorectal cancers are contributing to the growing endoscopy video systems market. An escalation in inflammatory bowel disease occurrences is also propelling growth in the endoscopy video Systems market. This chronic condition leads to inflammation in the digestive tract. Endoscopy video systems are crucial in diagnosing and managing inflammatory bowel disease (IBD), providing a clear, detailed view of the gastrointestinal tract's interior. In March 2023, a study in the Journal of the Canadian Association of Gastroenterology, an open-access, peer-reviewed journal based in Canada, predicted that the inflammatory bowel disease incidence rate in Canada would rise from 825 per 100,000 people in 2023 to 1075 per 100,000 in 2035. Therefore, the surge in inflammatory bowel disease cases is driving the endoscopy video systems market.

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Which Fast-Growing Trends Are Poised to Disrupt the Endoscopy Video Systems Market?
Leading firms in the endoscopy video system market are focusing on the creation of innovative products like surgical visualization platforms to enhance their customer services and firm their stand in the market. The term surgical visualization platforms denotes a system that incorporates a camera, a light source and a display, giving surgeons a detailed and amplified view of the surgical area. For example, in September 2022, Olympus Corporation, an established manufacturer of endoscopic video devices based in Japan, introduced VISERA ELITE III. This advanced surgical visualization platform meets the requirements of healthcare professionals for endoscopic procedures in a variety of medical fields. VISERA ELITE III possesses a vast array of imaging capabilities, all facilitated by a single system, which makes possible minimally invasive procedures like laparoscopic cholecystectomy and laparoscopic colectomy. Upcoming software updates will extend the surgical imaging capabilities and enable specific arrangements that can back multiple surgical applications, thereby reducing investment costs.

What Are the Emerging Segments in the Endoscopy Video Systems Market?
The endoscopy video systems market covered in this report is segmented -

1) By Product: Endoscopic Video Systems, Endoscopy Video Components
2) By Component Type: Camera Head, Light Sources, Suction Pumps, Video Processors, Insufflators
3) By Application: Upper GI Endoscopy, Colonoscopy, Bronchoscopy, Sigmoidoscopy, ENT Endoscopy, Other Applications
4) By End User: Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Other End Users

Subsegments:
1) By Endoscopic Video Systems: Standard Endoscopic Video Systems, High-Definition Endoscopic Video Systems, 3D Endoscopic Video Systems, 4K Endoscopic Video Systems
2) By Endoscopy Video Components: Cameras, Monitors, Recording Devices, Video Processors, Cables And Connectors

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Who Are the Global Leaders in the Endoscopy Video Systems Market?
Major companies operating 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.

Which are the Top Profitable Regional Markets for the Endoscopy Video Systems Industry?
North America was the largest region in the endoscopy video systems market in 2024. The regions covered in endoscopy video systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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