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Medical Videoscope Market - By Product Type (Videoscope [Rigid, Flexible], Visualization Systems), Application (Arthroscopy, Bronchoscopy, Laparoscopy, Urology, Gastrointestinal, Endoscopy), End-use (Hospitals, ASCs) – Global Forecast, 2024 – 2032
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Medical Videoscope Market
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Premium Report Details
Base Year: 2023
Companies covered: 11
Tables & Figures: 426
Countries covered: 22
Pages: 220
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Medical Videoscope Market Size
Medical Videoscope Market size was valued at around USD 23.3 billion in 2023 and is estimated to grow at over 7.1% CAGR from 2024 to 2032. The rising prevalence of chronic diseases, favorable government support and investments and the growing demand for minimally invasive surgeries are some of the key factors propelling the market growth.
The increasing prevalence of chronic diseases, such as abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon, has led to a surge in demand for medical videoscope devices. These conditions contribute significantly to the rising incidence of abdominal and gastrointestinal diseases, necessitating the use of videoscopes for accurate diagnosis and treatment. For instance, chronic diseases, such as diabetes, hypertension, dyslipidemia, obesity, and cancers, are among the most prevalent and leading causes of death and disability in the U.S.
Additionally, the Centers for Disease Control and Prevention (CDC) estimates that six in ten Americans currently live with at least one chronic disease such as cancer, heart disease, or diabetes. Thus, such high patient population will fuel the diagnosis and treatment, thereby, boosting the medical videoscope market demand.
Furthermore, the increasing aging population and the growing need for surgical interventions contribute to the growing number of minimally invasive procedures. As this patient demographic increasingly seeks minimally invasive alternatives due to perceived benefits such as reduced trauma, scarring, and postoperative pain, the demand for medical videoscope rises in tandem with the expanding array of minimally invasive procedures.
A medical videoscope is a type of endoscope that provides high-resolution imaging for various medical applications. It consists of an image sensor, optical lens, light source, and mechanical device, which is used to examine internal organs and body cavities by way of openings such as the mouth or anus.
Medical Videoscope Market Trends
Technological advancements is anticipated as the primary trend in the rising demand towards medical videoscopes on a global scale. High-definition (HD) imaging, 3D imaging, Narrow-Band Imaging (NBI) and disposable endoscopes among others are some of the key developments that has shaped the industry in last few years.
Medical Videoscope Market Analysis
Based on product type, the market is segmented into videoscope and visualization systems. The videoscope segment held leading revenue share in 2023 and is anticipated to reach USD 31 billion by 2032.
Based on application, the medical videoscope market is segmented into arthroscopy, bronchoscopy, laparoscopy, gastrointestinal endoscopy, neuroendoscopy, obstetrics/gynecology endoscopy, urology endoscopy and other applications. The gastrointestinal endoscopy segment held significant revenue share in 2023 and is anticipated to reach USD 9.1 billion by 2032.
The medical videoscope market by end-use is categorized into hospitals, ambulatory surgical centers, and other end users. The hospital segment dominates the market with a revenue of around USD 13.2 billion in 2023.
North America medical videoscope market accounted for USD 9.2 billion revenue in 2023 and is predicted to witness substantial market growth.
Medical Videoscope Market Share
The medical videoscope industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced product based on different technologies is among a key market strategy. Some of the leading industry players including B. Braun Melsungen AG, Medtronic plc., MicroPort Scientific Corporation, Stryker Corporation, and CONMED Corporation among others have a notable presence in the market.
Medical Videoscope Market Companies
Some of the eminent market participants operating in the medical videoscope industry include:
Medical Videoscope Industry News:
Medical videoscope market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product Type
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: