In order to identify disorders and choose the best course of treatment, visualisation is essential in medical diagnosis. Endoscopes have been around for a very long time, but chip-on-the-tip endoscopes have entered the market and changed the endoscopy process. A chip-on-the-tip endoscope is a handheld tiny instrument with a camera located, as the name implies, at the end. These cameras create a three-dimensional image that is sharper and has higher pixel quality, which helps with accurate depiction of the internal organ architecture. With the smallest possible incision in the body and high-resolution footage on the screen to help the surgeon, chip-on-the-tip endoscopes enable minimally invasive procedures. Microelectronics advancements and small image sensors have made chip-on-the-tip endoscopes a reality. In contrast, chip-on-the-tip endoscopes enable rapid diagnosis.
Chip-on-the-Tip Endoscopes: Market Dynamics
The key factors contributing to the growth of the global chip-on-the-tip endoscopes market include rising adoption of chip-on-the-tip endoscopes for diagnostic applications, increasing application in minimally invasive surgeries. Availability of high-resolution and high-dimensional visualization equipment such as camera lens and HD-screens also propel the demand for chip-on-the-tip endoscopes. The rising awareness about minimally invasive surgeries and better patient outcome also contribute to the expansion of chip-on-the-tip endoscope market. Precise navigation and visualization which is essential in microsurgeries at complex structures is attained with the chip-on-the-tip endoscope future fueling the market. The expensive nature of the device can be considered as a restraint for adoption of the endoscopes.
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Chip-on-the-Tip Endoscopes: Overview
Exponential growth in the chip-on-the-tip endoscope market is estimated due to increasing technological advances in high-dimensional real-time visualization technology. The expansion of the concerned market is also largely dependent on the increasing number of endoscopic and minimally invasive surgeries performed. Based on the product type, chip-on-the-tip endoscopes market has been segmented into rhinoscopes, laryngoscopes, bronchoscopes, gastroscopes, colonoscopies, arthroscopes, ureteroscope and others. Single-use segment holds a maximum share of global chip-on-the-tip endoscopes market on the basis of usage. The end users of the device are segmented as hospitals, diagnostic/imaging centers, ambulatory surgical centres, endoscopy facilities and clinics.
Chip-on-the-Tip Endoscopes: Region-wise Outlook
On the basis of geography, the global chip-on-the-tip endoscope market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.The North America market holds the largest revenue share, rising adoption of the chip-on-the-tip endoscopes for diagnostic applications as well as endoscopic surgeries and high healthcare expenditure in North America. Europe accounts for the second large revenue share in the global chip-on-the-tip endoscopes market, owing to increasing adoption of the device, presence of many manufactures and improved healthcare facilities. Asia Pacific is predicted to witness rapid growth, owing to increasing technological advances are presence of local manufacturers. China is expected to register significant growth, owing to numerous players in the market and adoption of latest technology by the end users. Latin America and Middle East & Africa are projected to exhibit slow growth in chip-on-the-tip endoscopes market, owing to the high cost nature of the product.
Chip-on-the-Tip Endoscopes: Key Players
Examples of some of the key players present in the global chip-on-the-tip endoscopes market are Olympus Europa SE & Co. KG, Fujifilm, Serwell Medi Equip (P) Ltd, HOYA Corporation, Physik Instrumente (PI) GmbH & Co. KG, JEDMED, Amico Group, Happersberger otopront GmbH, Karl Storz SE & Co. KG, Ambu A/S, TOSHIBA CORPORATION, LLT MEDICAL, OmniVision Technologies, Inc., Boston Scientific Corporation among others.
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The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Chip-on-the-Tip Endoscopes: Segmentation
The global Chip-on-the-Tip Endoscopes market is segmented on basis of product type, application, end user and geography.
Segmentation by Product Type
- Rhinoscopes
- Laryngoscopes
- Bronchoscopes
- Gastroscopes
- Colonoscopes
- Arthroscopes
- Ureteroscope
- Others
Segmentation by Usage
- Single use
- Reusable
Segmentation by Visualization
- 2D
- 3D
Segmentation by End User
- Hospitals
- Diagnostic/ Imaging Centers
- Ambulatory Surgical Centers
- Endoscopy Facility
- Clinics
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