Medical Videoscope Market

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.

• Technological advancements have enabled the development of sophisticated devices that offer numerous advantages to medical procedures. One notable example is the miniaturized endoscopes, developed by the miniaturization of micro-electro-mechanical systems (MEMS) and advancements in optics. These endoscopes boast small size and flexibility, enhancing maneuverability and minimizing patient discomfort during procedures.
  
• Furthermore, certain miniaturized endoscopes feature wireless acoustic-surface actuators, comprising thin active surfaces that can be easily attached to the device and powered wirelessly by ultrasound. This innovation enhances functionality and maneuverability. Such advancements are driving the increasing demand for medical videoscopes.
  
• Furthermore, the research on 3D videoscopes that utilize 3D imaging technology to provide enhanced depth perception and spatial orientation during medical procedures increased the demand for these devices. These videoscopes are equipped with a camera and lighting system that allows physicians to visualize and examine internal organs and body cavities in three dimensions, providing a more accurate and detailed view of the area being examined.
  

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.

• The increasing need for enhanced efficiency and collaboration among healthcare providers, by enabling the integration of videoscopes with advanced software solutions and connectivity features allows for real-time data sharing, remote consultations, and seamless integration with electronic health records (EHRs). These capabilities are anticipated to fuel the market for medical videoscope.
  
• Additionally, the aging population worldwide is driving the demand for videoscopes as elderly individuals are more prone to age-related health issues that may require diagnostic or therapeutic interventions. Videoscopes help healthcare providers diagnose and manage these conditions effectively, leading to increased utilization.
  
• Furthermore, the growing preference among patients for minimally invasive surgical procedures, which often necessitate the use of medical videoscopes, is further anticipated to propel the market progress.  
  

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 increasing incidence of gastrointestinal disorders such as gastroesophageal reflux disease (GERD), inflammatory bowel disease (IBD), colorectal cancer, and gastrointestinal bleeding necessitates frequent diagnostic and therapeutic interventions. Gastrointestinal endoscopy allows for accurate visualization and evaluation of the gastrointestinal tract, leading to early detection, diagnosis, and treatment of these conditions, anticipated to propel the segment expansion.
  
• Additionally, public awareness campaigns and organized screening programs for gastrointestinal conditions such as colorectal cancer have led to increased uptake of gastrointestinal endoscopy procedures for screening and surveillance purposes. Early detection and intervention through endoscopic screening programs contribute to improved patient outcomes and drive the growth of gastrointestinal endoscopy.
  

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.

• Hospitals are equipped with a wide range of medical specialties and departments, including gastroenterology, pulmonology, urology, gynecology, and otolaryngology, among others. Medical videoscopes are essential tools in diagnosing and treating various conditions within these specialties, making hospitals the prominent end user facilities.
  
• Moreover, hospitals adhere to strict quality and safety standards mandated by regulatory bodies, ensuring that medical videoscopes are used in accordance with established guidelines. This commitment to patient safety and quality care reinforces the importance of using videoscopes within hospital settings.
  

North America medical videoscope market accounted for USD 9.2 billion revenue in 2023 and is predicted to witness substantial market growth.

• North America boasts developed healthcare infrastructure, including hospitals, clinics, and ambulatory surgical centers, which are well-equipped to offer advanced medical procedures using videoscopes. The availability of comprehensive healthcare facilities contributes to the rising demand for videoscope services in the region.
  
• Furthermore, government initiatives such as, investments in research and development in North America significantly contribute to the growth of the videoscope market. Government funding supports research institutions, universities, and medical device companies engaged in videoscope R&D, fostering collaboration and knowledge exchange within the industry.
  
• Moreover, these initiatives help address healthcare challenges, promote economic growth, and anticipates the rising demand in the market in the region.
  

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:

• B. Braun Melsungen AG
• Cook Medical
• CONMED Corporation
• Fujifilm Holdings Corporation
• HOYA Corporation
• Medtronic plc
• MicroPort Scientific Corporation
• Richard Wolf GMBH
• Stryker Corporation
• Smith & Nephew plc
• Olympus Corporation
  

Medical Videoscope Industry News:

• In May 2023, B. Braun Melsungen AG launched its newest laparoscopic AESCULAP EinsteinVision 3.0 FI, which is a state-of-the-art laparoscopy surgical system, offers a camera system with consistently high image quality due to 3D image technology. This launch represents a significant milestone for the company, potentially enabling an expanded customer base and broader market reach.
  
• In March 2023, Medtronic plc introduced the GI Genius AI Access Platform, which is an innovation center for developers to test and design new AI applications on the GI Genius operating system. The platform may enable Medtronic to enter strategic business agreements to expand the possibilities in the healthcare system and enhance its competitiveness in the market.
  

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

• Videoscope
  • Rigid videoscope
    • Cystoscopes
    • Laparoscopes
    • Arthroscopes
    • Neuroendocopes
    • Urology endoscopes
    • OB/GN endoscopes
    • Other rigid videoscopes
  • Flexible videoscopes
    • Colonoscopes
    • Bronchoscopes
    • Gastroscopes
    • Laryngoscopes
    • Rhinoscopes
    • Duodenoscopes
    • Other flexible videoscopes
• Visualization systems
  • Endoscopy cameras
  • Camera heads
  • Wireless display & monitors
  • Light sources
  • Video recorders
  • Video processors & video convertors
  • Transmitters & receivers
  • Other visualization systems

Market, By Application

• Arthroscopy
• Bronchoscopy
• Laparoscopy
• Gastrointestinal endoscopy
• Neuroendoscopy
• Obstetrics/Gynecology endoscopy
• Urology endoscopy
• Other applications

Market, By End-use

• Hospitals
• Ambulatory surgical centers
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa