The global endoscopy visualization systems market is projected to grow significantly, expanding from US$ 1.3 billion in 2021 to US$ 2.2 billion by the end of 2028, with a compound annual growth rate (CAGR) of 7.2% during the forecast period. The increasing prevalence of endoscopic surgeries worldwide is a key driver fueling market growth.
The rise in minimally invasive endoscopic surgeries is a pivotal factor contributing to the adoption of advanced visualization systems. These procedures offer numerous benefits, including reduced recovery time, lower risk of complications, and improved patient outcomes, which are driving their popularity. Additionally, macroeconomic factors such as the growing per capita healthcare expenditure and the continuous evolution of healthcare infrastructure globally are further accelerating market expansion.
The surge in demand for endoscopic imaging technologies reflects the healthcare industry’s focus on precision diagnostics and enhanced procedural efficiency. Advanced visualization systems are critical for providing high-definition imaging, enabling healthcare professionals to perform accurate and efficient diagnoses and interventions.
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Key Highlights:
- The endoscopy visualization systems market is set to grow at a CAGR of 7.2% from 2021 to 2028.
- Market valuation is expected to rise from US$ 1.3 billion in 2021 to US$ 2.2 billion by 2028.
- The increase in the number of endoscopic surgeries and the rising focus on minimally invasive procedures are major growth drivers.
- Macroeconomic factors, including higher healthcare spending, further boost the adoption of endoscopy visualization systems.
As the demand for precision and minimally invasive diagnostics grows, the endoscopy visualization systems market will continue to thrive, supporting advancements in global healthcare outcomes and efficiency.
Key Market Drivers
- Increase in Endoscopic Surgeries: The rising number of endoscopic procedures performed globally is a major factor contributing to market growth. This trend reflects a broader shift towards minimally invasive surgical techniques, which are preferred for their benefits, including reduced recovery times and lower healthcare costs.
- Focus on Minimally Invasive Procedures: There is an increasing emphasis on minimally invasive surgeries across various medical fields, driving demand for advanced visualization systems that enhance surgical precision and outcomes.
- Healthcare Expenditure: Macroeconomic factors, such as an increase in per capita healthcare expenditure, further support the growth of the endoscopy visualization systems market.
Product Insights
Endoscopy visualization systems are essential for accurate imaging during procedures and are widely used in various applications, including:
- Histopathology
- Gastroenterology
- Urology
- Gynecology
Competitive Landscape
The endoscopy visualization systems market is an extremely consolidated market, with major competitors such as Olympus Corporation, Pentax Medical Company (Hoya Corporation), Fujifilm Holding Corporation, Karl Storz GmbH & Co KG, Richard Wolf GmbH and Boston Scientific Corporation, Smith & Nephew, ConMed Corporation, Stryker Corporation, Terumo Corporation, DePuy Synthes (Johnson & Johnson Services, Inc. ) operating in every region of the globe. To attract more customers, major players are focusing on mergers and acquisition and launching novel products in order to boost their market position and expand their product portfolios.
- In March 2021, FUJIFILM Corporation completed acquisition of Diagnostic Imaging related-Business from Hitachi, Ltd.
- In Nov 2020, Stryker Corp. completed the previously announced acquisition of Wright Medical Group N.V. a global medical device company.
Key Companies Profiled
Olympus Corporation; Pentax Medical Company (Hoya Corporation); Fujifilm Holding Corporation; Karl Storz GmbH & Co KG; Richard Wolf GmbH; Boston Scientific Corporation; Smith & Nephew; ConMed Corporation; Stryker Corporation; Terumo Corporation; DePuy Synthes (Johnson & Johnson Services, Inc.)
Endoscopy visualization systems market by Category
By Product Type
- High Range EVS
- Mid-Range EVS
- Low Range EVS
By Area
- Gastrointestinal Tract
- Respiratory Tract
- Ear
- Urinary Tract
- Female Reproductive Tract
- Through a small incision
By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Diagnostic Imaging Centers
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific Ex. Japan
- Japan
- Middle-East & Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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