Global Medical Videoscopes Market 2017-2021

Overview of the global medical videoscopes market

Technavio’s market study identifies the increase in target population with chronic diseases to be one of the primary growth factors for the medical videoscopes market. The patient pool is increasingly suffering from chronic disorders such as stroke, cancers, arthritis, orthopedics, gastrointestinal (GI) disorders, urology disorders, and several neurodegenerative disorders. Chronic diseases are the major causes for the rises in death cases. Since medical videoscopes can detect a wide range of diseases with minimum invasion and by using advanced visualization systems, the rising incidence of diseases will influence the demand for medical videoscopes such as capsule videoscopes and flexible videoscopes, driving market growth. Our market research analysts estimate that this market will grow steadily at a CAGR of almost 7% by 2021.

Consumers are increasingly demanding for innovative medical videoscopes and this influenced manufacturers to develop single-use or disposable videoscopes. Single-use videoscopes are sterile and can be discarded immediately after surgery. These videoscopes are equipped with a disposable-sheath covering that prevents cross contamination and provides ease of insertion during diagnosis. Additionally, they also provide high illumination and high image clarity. Such benefits will drive the demand for single-use videoscopes, which according our market research and analysis will be one of the key trends that will gain traction in the medical videoscopes market during the next few years.

Competitive landscape and key vendors

The medical videoscopes market is highly fragmented due to the presence of several international, regional, and local players offering advanced products and services. Factors such as the technological advances, the increasing popularity of MI procedures, and the rising usage of disposable videoscopes, hybrid, and magnetic capsule endoscopes for better imaging and control, will offer significant growth opportunities to the vendors in this marketspace.

The leading vendors in the market are

• FUJIFILM
• HOYA GROUP
• KARL STORZ
• Olympus
• Richard Wolf
• Stryker

The other prominent vendors in the market are Ambu, Arthrex, asap endoscopic products, ATMOS MedizinTechnik, B. Braun Melsungen, Check-Cap, Jinshan Science & Technology, Clarus Medical, Cogentix Medical, Ecleris, Era Endoscopy, GI-View, HUGER Medical Instruments, IntroMedic, LABORIE, Machida Endoscope, Medtronic, NeoScope, OPTEC Endoscopy Systems, Optim, ProSurg, SCHINDLER ENDOSKOPIE TECHNOLOGIE, VIMEX ENDOSCOPY, and XION.

Segmentation by application and analysis of the medical videoscopes market

• Laparoscopy
• GI endoscopy
• Urology endoscopy
• ENT endoscopy
• Neuroendoscopy
• Arthroscopy
• Gynecology endoscopy

Laproscopes are equipped with a light source for illumination, a video camera, and a magnification lens, that are connected to the monitor. Physicians insert specialized instruments while performing surgery through the various channels and ports. Laparoscopy is witnessing major technological innovation and has a wide array of applications in minimally invasive surgery (MIS) procedures.

Segmentation by product and analysis of the medical videoscopes market

• Rigid videoscopes
• Flexible videoscopes
• Capsule endoscopes

The flexible videoscopes segment accounts for the major shares of the video endoscope market. These videoscopes have multiple diagnostic and therapeutic applications and are prominently used in GI, urology, and orthopedic since they are easily maneuvered and can be folded without causing any damage to the device. To cater to the growing demand for the diagnosis and treatment of various chronic disease conditions, the vendors are focusing on offering flexible videoscopes compatible with other visualization systems and monitoring devices

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global medical videoscopes market?
• What are the key market trends impacting the growth of the global medical videoscopes market?
• What are the challenges to market growth?
• Who are the key vendors in the global medical videoscopes market?
• What are the market opportunities and threats faced by the vendors in the global medical videoscopes market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global medical videoscopes market?

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