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Medical Videoscopes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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Medical videoscopes help to enhance the visualization system during various surgeries enabling health care experts to closely observe body cavities and organs. Videoscopes contain specific software that creates dynamic 3D images from the output of computed tomography (CT), magnetic resonance imaging (MRI) and other scanners. The images are thereby used by health care professionals to improve the diagnosis of serious medical conditions. Medical videoscopes are usually 10 mm or lesser in diameter and measure up to 15 m in length. Various components of medical videoscopes are insertion probe, lighting bundle, external light source, and recording device. A number of applications of medical videoscopes include endoscopy, laparoscopy, gynecology, urology, arthroscopy and bronchoscopy. Technological advancements in the field endoscopic procedures have resulted in several improvisations driving the growth of the medical videoscopes market. Furthermore, rapid rise in the number of geriatric population vulnerable to orthopedic and gastrointestinal diseases is anticipated to accentuate the market growth over the forecast period. However, high cost of endoscopic equipment in most of the hospitals might hinder the growth of the medical videoscopes market.

 

The medical videoscopes market can be segmented as given below:

  • By Type
    • Rigid Videoscopes
    • Flexible Videoscopes
  • By Visualization System
    • Monitors
    • HD camera
    • 3D camera
    • External light source
    • Others
  • By Applications
    • Colonoscopy
    • Arthroscopy
    • Laparoscopy
    • Endoscopy
    • Others (urology, gynecology, etc.)
  • By Geography
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

North America holds a leading position in the market followed by Europe due to growing number of technological advancements, and increasing need of the population for minimally invasive endoscopic procedures.. These two regions have always been on the forefront in terms of novel technologies and medications. In addition, increasing number of endoscopy training workshops and several government initiatives in the U.S. and Canada is augmenting the growth of the medical videoscopes market. Given Imaging developed an ingestible camera, named, the PillCam Colon, approved by the U.S. Food and Drug Administration to be used during  colonoscopy procedures. Asia Pacific, too, is developing at a great pace and is considered to be as the most promising market for the growth of medical videoscopes due to the presence of a large population base, increasing incidences and prevalence of a number of diseases that require endoscopy procedures among the Asian population. Furthermore, increasing government support to set up modern healthcare infrastructure, favorable reimbursement scenario and various tax benefits would also drive the medical videoscopes market in the coming years. 

 

Presently, the medical videoscopes market is consolidated due to the presence of few established and emerging medical devices companies. Some of the top players associated with the medical videoscopes market are Richard Wolf GmbH, Stryker Corporation, Fujifilm Holding Corporation, Olympus Corporation, Smith and Nephew plc, PENTAX Medical Company, KARL STORZ GmbH & Co. KG, Touch of Life Technologies, ConMed Corporation, KARL STORZ GmbH & Co. KG, and XION GmbH.

 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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