Global Endoscopy Visualization Systems Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2028
Endoscopy Visualization Systems Market Growth & Trends The global endoscopy visualization systems market size is expected to reach USD 35.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.0% from 2021 to 2028. Significant increase in the number of endoscopic procedures and increasing preference for minimally invasive surgeries are major factors contributing to the expansion of the market. Owing to the advantages of endoscopy over open surgeries, significant cost savings, and favorable government reimbursement policies, the demand for endoscopy is increasing. This coupled with the rapid adoption of advanced diagnostic tools has created a need for advanced visualization techniques. As a result, various manufacturers are focusing on introducing systems and components with better visualization capabilities. For instance, in September 2020, PENTAX Medical, a division of Hoya Corporation announced the launch of J10 Series Ultrasound Video Gastroscopes that offers renowned image quality and enhanced mobility. The endoscopy visualization systems segment is estimated to dominate the market throughout the forecast period. Endoscopy is being widely used in various medical specialties such as gastroenterology, urology, gynecology, pulmonology, ENT, and others. Rising usage of high definition systems and increasing prevalence of cancer are factors favoring the growth of the segment. According to the WHO, the number of new bladder cancer cases is projected to rise from 573,000 in 2020 to 767,000 by 2030. Furthermore, rising government initiatives for newborns hearing screening are expected to drive the growth of the segment. The endoscopy visualization components segment is poised to surge owing to technological advancements and
the growing number of endoscopic surgeries. In September 2020, Pentax Medical announced the launch of EB-J10 Series Bronchoscopes and DEFINA Video Processor in the U.S. This is expected to augment the segment’s growth. In addition, the presence of numerous vendors, raw material suppliers, and distributors of visualization components is propelling the segment’s growth. However, strict restrictions imposed by the government in response to the COVID-19 pandemic and temporary shutdown of manufacturing facilities are resulting in serious disruptions in the supply chain. This is anticipated to negatively impact the market growth. Download Exclusive Sample Report (150 Pages PDF with All Related Graphs & Charts) For Free @ https://www.grandviewresearch.com/industry-analysis/endoscopy-visualizationsystems-market
On the basis of resolution, the 4K segment is projected to witness lucrative growth during the forecast period. The rising adoption of endoscopy display monitors with 4K resolution can be attributed to the fact that they provide clearer image quality when compared to full HD resolution. However, when compared to 4K, full HD display monitors are more cost-effective and are easily available, which is favoring the demand for FHD resolution. Endoscopy Visualization Systems Market Report Highlights
The market is anticipated to witness significant growth by 2028 owing to increasing demand for minimally invasive procedures
The endoscopic visualization systems segment dominated the market in 2020, owing to the introduction of new products in the market
The 4K segment dominated the market in 2020 owing to high-quality images produced by ultra HD systems when compared to full HD
North America dominated the market in 2020 owing to the rising number of governmentsponsored cancer screening programs and greater adoption of advanced diagnostic tools
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Endoscopy Visualization Systems Market Segmentation Grand View Research has segmented the global endoscopy visualization systems market on the basis of product type, resolution type, and region. Endoscopy Visualization Systems Product Type Outlook (Revenue, USD Million, 2014 2028)
Endoscopic Visualization Systems o
Standard Definition (SD) Visualization Systems o
2D Systems
o o
3D Systems
High Definition (HD) Visualization Systems o
2D Systems
o
3D Systems
Endoscopy Visualization Components o
Camera Heads
o
Insufflators
o
Light Sources
o
High Definition Monitors
o
Suction Pumps
o
Video Processors
Endoscopy Visualization Systems Resolution Type Outlook (Revenue, USD Million, 2014 - 2028)
4K o
UHD Resolution
o
DCI resolution
FHD Resolution
Endoscopy Visualization Systems Regional Outlook (Revenue, USD Million, 2014 - 2028) North America
o
U.S.
o
Canada
o
U.K.
o
Germany
o
France
o
Italy
o
Spain
o
Russia
o
Switzerland
o
Denmark
Europe
Asia Pacific
o
Japan
o
China
o
India
o
Australia
o
New Zealand
o
Thailand
o
Indonesia
o
Malaysia
o
Vietnam
o
Philippines
Latin America o
Brazil
o
Mexico
o
Argentina
Middle East & Africa o
Saudi Arabia
o
South Africa
o
UAE
o
Kuwait
o
Israel
o
Qatar
List of Key Players of Endoscopy Visualization Systems Market Olympus Corporation
Stryker Corporation
Boston Scientific Corporation
Ethicon US, LLC,
Machida Endoscope Co., Ltd.
Richard Wolf GmbH
Medtronic
Smith & Nephew plc
CONMED Corporation
PENTAX Medical
FUJIFILM Holdings Corporation
Karl Storz GmbH & Co. KG
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