Medical Videoscope Market by Product Type (Videoscopes and Visualization & Documentation Systems)

A medical videoscope aids in enhancing the screening and visualization during various surgeries to closely observe the body cavities and organs. The global medical videoscope market consists of videoscopes and visualization systems, and has witnessed significant technological advancements in recent years. Endoscopic visualization systems are applicable in most endoscopic procedures and other video-assisted procedures (thoracic, bariatric, anterior/posterior spinal procedures, and others), helping surgeons to observe visceral body cavities and organs.

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The medical videoscope market is driven by technological advancements in endoscopy cameras such as narrow band imaging (NBI) and an external miniature light source for flexible videoscopes. In addition, preference for minimally invasive surgeries along with high-performing products, such as desktop endoscope and miniaturized visualization systems, expected to boost the market growth. However, lack of skilled physicians and endoscopists is a key factor that hampers the growth of the market. High cost of endoscopic procedures and equipment, coupled with limited scope of reimbursements across developing countries, is a major challenge faced by the stakeholders. On the other hand, unmet medical demands, cost-effective medical videoscopes, and surge for favorable reimbursement policies in developing economies are anticipated to provide opportunities in the future. The global medical videoscope market registered $17,927 million in 2015, and is anticipated to reach $27,202 million by 2022, registering a CAGR of 5.9% from 2016 to 2022.

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The market is segmented based on product type, application, end user, and geography. On the basis of product type, the market is bifurcated into videoscopes and visualization & documentation systems. The videoscopes are further sub-segmented into videoscopy devices, capsule endoscopy, and robot-assisted endoscopy. The videoscopy devices are further categorized on the basis of flexibility and endoscope type into various segments. The flexible videoscopes holds the largest market share, owing to the technological advancements (ultrahigh definition technology, 4-light emitting diode multi-light technology, and others), a wide array of applications, and fastest recovery time. On the basis of visualization & documentation systems, the market is divided into light sources, camera heads, wireless display & monitors, endoscopy cameras, endoscopy carts, digital documentation systems, video processors & video convertors, transmitters & receivers, and others (printers and digital capture systems). On the basis of application, it is categorized into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuro-endoscopy, gastrointestinal endoscopy, obstetrics/gynecology endoscopy, ENT endoscopy, and other applications. The laparoscopy application was the highest revenue contributor in 2015, while gastrointestinal endoscopy section is anticipated to grow at the highest rate. The growth for gastrointestinal endoscopy is due to increase in demand for gastrointestinal endoscopic procedures and rise in demand for colorectal cancer screening.

Geographically, this market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with country-wise analysis. North America accounted for the largest market share in the medical videoscopes market in 2015, and is expected to retain its dominance throughout the forecast period. Well-equipped & better financed hospitals & clinics, high adoption rate for technologically advanced products, and sophisticated healthcare infrastructure are factors that fuel the market growth in this region. Moreover, U.S. is the target area for the top players in the market, owing to preventive measures taken by the population base and high prevalence rate of diseases such as cancer and GI diseases. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions.

Product development and expansion are the key strategies adopted by market players. The report provides a comprehensive analysis of the key players that operate in the global medical videoscope market.

KEY PLAYERS PROFILED

Conmed Corporation
Fujifilm Holdings Corporation
HOYA Corporation (Pentax Medical)
KARL STORZ GmbH & Co. KG
Olympus Corporation
Richard Wolf GmbH
Smith & Nephew, Plc
Stryker Corporation
Hill Rom Holding, Inc. (Welch Allen, Inc.)
XION GmbH
KEY MARKET BENEFITS

The study provides an in-depth analysis of the global medical videoscope market, with current trends and future estimations to elucidate the imminent investment pockets.
The report presents a quantitative analysis from 2014 to 2022 to enable the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis by product helps to understand the various types of devices used for endoscopy.
Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand competitive outlook of the market.
SWOT analysis enables to study the internal environment of the leading companies for strategy formulation.
KEY MARKET SEGMENTS:

By Product Type

Videoscopes
Videoscopy Devices
By Flexibility
Flexible Videoscopes
Rigid Videoscopes
By type
Cystoscopes
Neuroendoscopes
Urology Endoscopes
Arthroscopes
Laparoscopes
OB/GN Endoscopes
Otoscopes
Laryngoscopes
Nasopharyngoscopes
Rhinoscopes
Gastroscopes
Colonoscopes
Bronchoscopes
Duodenoscopes
Sigmoidoscopes
Other Endoscopes
Capsule Endoscopy
Robot-Assisted Endoscopy
Visualization & Documentation Systems
Light Sources
Camera Heads
Wireless Display & Monitors
Endoscopy Cameras
Carts
Digital Documentation Systems
Video Processors & Video Convertors
Transmitters & Receivers
Others (Printers, Digital Capture Systems, Recorders, Couplers & Splitters, and Others)
By Application

Bronchoscopy
Arthroscopy
Laparoscopy
Urology Endoscopy
Neuroendoscopy
Gastrointestinal Endoscopy
Obstetrics/Gynecology Endoscopy
ENT Endoscopy
Others
By End User

Hospitals
Clinics
Others
By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Republic of South Africa
Rest of LAMEA
Other players in the value chain include (profiles not included in the report)

B. Braun Melsungen AG
Cook Medical
Arthrex Inc.
Frontier Healthcare
Minntech Corporation (Subsidiary of Cantel Medical Corp.)
Advanced Sterilization Products Services Inc.
Medtronic Plc
STERIS Corporation
Siemens Healthcare
US Endoscopy Group

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