Fact.MR – A Market Research and Competitive Intelligence Provider: As per insights by Fact.MR, the global market for medical videoscopes is estimated to surpass US$ 30 Bn by the end of 2031 in comparison to the valuation of US$ 22 Bn registered in 2020.
Medical Videoscopes Sales to Surpass US$ 30 Bn by 2031
The medical videoscopes market study by Fact.MR offers compelling insights into key growth drivers and restraints impacting the market through 2031. The survey offers medical videoscopes demand outlook and studies opportunities existing in key segments, including type and flexibility. It also highlights key strategies adopted by market players to increase medical videoscopes sales.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per insights by Fact.MR, the global market for medical videoscopes is estimated to surpass US$ 30 Bn by the end of 2031 in comparison to the valuation of US$ 22 Bn registered in 2020.
Due to rising technological advancements in the field of endoscopy, the market is likely to exhibit growth at a CAGR of 5% over the forecast period 2021-2031. The global medical videoscopes market is expected to grow at a significant rate owing to the rising preference for minimally invasive surgeries and a surge in technological advancements for miniaturization of medical videoscopes.
Increased angles in the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems paired with high-resolution technologies such as 3D systems, and downsized endoscopic systems are some of the design advances seen in the market.
Request a report sample to gain comprehensive insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=6625
Due to the increasing scope for application in video aided operations such as bariatric, thoracic, laparoscopic, general endoscopic, and posterior/anterior spinal care, the market continues to rise steadily.
Among various applications, bronchoscopy technology is widely adopted by leading manufacturers. Fact.MR has estimated that it will rise at a CAGR of 6% over the forecast period 2021 and 2031, surpassing a valuation of US$ 3 Bn by the end of 2031.
In terms of region, North America will emerge as a highly profitable market, accounting for 30% of medical videoscope sales until 2031. The need for minimally invasive operations is increasing, and neurological problems are on the rise in the United States.
“Evolution of endoscopic cameras from single-chip cameras to HD cameras and further to 3D cameras has pave way for major advancements in visualization system, which, in turn will bolster future growth prospects,” said a Fact.MR analyst.
Key Takeaways from Medical Videoscopes Market Survey
- The U.S. is expected to emerge as a lucrative market owing to a surge in neurological disorders.
- Backed by the presence of robust production facilities, the Asia Pacific market is estimated to grow at an impressive pace over the forecast period.
- Owing to growing healthcare expenditure, the Europe market is expected to grow at a significant rate over the assessment period.
- Based on application, the demand for bronchoscopy is set to expand at a CAGR of over 6% between 2021 and 2031.
Key Drivers
- Rising prevalence of ophthalmic, orthopaedic, and gastrointestinal diseases will fuel demand for medical videoscopes.
- Growing patient preference towards minimally invasive surgeries will bolster future growth prospects.
Key Restraints
- Dearth of professionals for performing endoscopic surgeries is restricting market growth.
- High cost of medical videoscope devices are hampering sales of the market.
To gain in-depth insights on Medical Videoscopes Market, request methodology at
https://www.factmr.com/connectus/sample?flag=RM&rep_id=6625
Competitive Landscape
Medical videoscope manufacturers are focusing on new product launches to enhance their product portfolio. Also, several other players are undertaking acquisitions to solidify their position in the market.
For instance, 2021, PENTAX Medical (a subsidiary of HOYA Group) and Jiangsu Vedkang Medical Science and Technology Co., Ltd, announced the establishment of a joint venture, PENTAX Medical Therapeutics (Jiangsu) Co., Ltd. to manufacture single use therapeutics products in the field of flexible medical endoscopy. This strategic collaboration with Vedkang will aid in enhancing the quality of healthcare across the globe.
In 2020, Olympus Corporation announced the acquisition of Veran Medical Technologies, a medical device manufacturer through its subsidiary Olympus Corporation of the Americas (OCA). This acquisition aims at fortifying Olympus’ respiratory device portfolio and further solidify their position in respiratory medical devices.
Some of the leading players operating in the medical videoscopes market profiled by Fact.MR are:
- Olympus Corporation
- Stryker Corporation
- KARL STORZ GmbH & Co. KG
- Fujifilm Holding Corporation
- Hoya Corporation
- Richard Wolf GmbH
- Smith and Nephew
- ConMed Corporation
- Welch Allyn, Inc.
- XION GmbH
More Valuable Insights on Medical Videoscopes Market
Fact.MR, in its new report, offers an unbiased analysis of the global medical videoscopes market, analysing forecast statistics through 2021 and beyond. The survey reveals growth projections on medical videoscopes market with detailed segmentation:
- By Flexibility
- Flexible Medical Videoscopes
- Rigid Medical Videoscopes
- By Product
- Cystoscopes
- Neuroendoscopes
- Urology Endoscopes
- Arthroscopes
- Laparoscopes
- OB/GN Endoscopes
- Otoscopes
- Laryngoscopes
- Nasopharyngoscopes
- Rhinoscopes
- Gastroscopes
- Colonoscopes
- Bronchoscopes
- Duodenoscopes
- Sigmoidoscopes
- By End User
- Medical Videoscopes for Hospitals
- Medical Videoscopes for Clinics
Key Questions Covered in the Medical Videoscopes Market Report
- The market survey also highlights projected sales growth for medical videoscopes market between 2021 and 2031
- The report offers insight into medical videoscopes demand outlook for forecast period 2021-2031
- Medical videoscopes market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Medical videoscopes market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Explore Fact.MR’s Coverage on the Healthcare Domain –
Medical Camera Market Analysis - During the forecast period, consistent technical improvements, together with greater adoption and application of medical cameras, are likely to lead to strong market expansion. Rapid adoption of new equipment, rising per capita healthcare spending, and increased research and development investments will all contribute to the market’s growth in North America region.
ENT Cameras Market Forecast - Due to its market presence in today’s world, the global market for ENT Cameras is predicted to increase at a modest rate throughout the forecast period. However, with technological improvements also affecting the ENT Cameras market, product availability and exposure may be impacted
Medical Device Technologies Market Scope - Today, minimally invasive operations are gaining popularity, notably in the treatment of cancer, particularly solid tumors. These operations have fewer problems, lower the risk of infection, are less painful, and take less time to recover from. As a result of these benefits, their usage has expanded, boosting the medical device technologies market’s growth prospects.
Medical Device Contract Manufacturing Market Insights - To meet the growing demand for medical devices around the world, manufacturers are turning to innovative technology. The drive toward miniaturization has pushed OEMs and contract manufacturers to create small equipment for minimally invasive procedures.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology to even the most niche categories. 80% of Fortune 1000’s trust us in critical decision making.
MarketNgage is powered by Fact.MR – our Unified Intelligence Engine, a revolutionary Market Research Subscription platform with a flexible pricing to suit your needs.
You can access all our healthcare research reports by signing up with MarketNgage’s Market Research Subscription with FREE credits. MarketNgage is powered by Fact.MR – A Fully integrated research solution for seamless single-window access Widest coverage on emerging markets, nascent products, and disruptive technologies.
Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Source: Fact.MR