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2017

Medical Videoscope Market

Medical Videoscope Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Videoscopes and Visualization & Documentation Systems), Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, Obstetrics/Gynecology Endoscopy, ENT Endoscopy, and Others), and End User (Hospitals, Clinics, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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Author's: Garima Chandra | Roshan Deshmukh
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Medical Videoscope Market Overview:

Global Medical Videoscope Market was valued at $17,927 million in 2015, and is expected to reach $27,202 million by 2022, supported by a CAGR of 5.9% during the forecast period 2016 - 2022. A medical videoscope is an illuminated, optical instrument used to screen and execute diagnostic interventions inside hollow cavities and visceral organs of the body, such as the brain, esophagus, lungs, abdomen, gastrointestinal (GI) tract, and others. Medical conditions such as abdominal pain, ulcers, digestive tract bleeding, abnormal growth in the colon, and other abdominal & gastrointestinal diseases can be diagnosed through endoscopy. The demand for medical videoscopes has increased significantly owing to the increasing preference for minimally invasive surgeries. Moreover, not only being minimal invasive, endoscopic procedures are cost-effective compared to other open surgeries, especially in terms of pre- and post-operational costs and length of stay at hospitals and clinics.

Medical Videoscope Market

The medical videoscope market is segmented based on product type, application, end user, and geography. Based on product type, the market is bifurcated into videoscopes and visualization & documentation systems. The videoscope segment is segregated into videoscopy devices, capsule endoscopy, and robot-assisted endoscopy. In visualization & documentation system segment, endoscopy cameras occupied dominant share in 2015, and is expected to maintain this trend during the forecast period. This is attributed to the advanced imaging technologies such as ultrahigh-definition, 4-light emitting diode (LED) multi-light, and multi-zoom technology incorporated in endoscopy cameras.

Top investment pockets

Endoscopy cameras and light sources are the potential target areas for investment by the key players in the medical videoscope market, due to technological innovations in these devices. The endoscopy camera segment is poised to grow at a CAGR of 5.4% during the forecast period, owing to advanced imaging features offered by these cameras.

Top winning strategies

The key players adopted acquisition, expansion, product development, and agreement as their business strategies to sustain competition and increase their market share.

The key players operating in the global medical videoscope market include Conmed Corporation, Fujifilm Holdings Corporation, HOYA Corporation (Pentax Medical), KARL STORZ GmbH & Co. KG, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew, Plc, Stryker Corporation, Hill Rom Holding, Inc. (Welch Allen, Inc.), and XION GmbH.

Other prominent players in the value chain include B. Braun Melsungen AG, Cook Medical, Arthrex Inc., Frontier Healthcare, Minntech Corporation (Subsidiary of Cantel Medical Corp.), Advanced Sterilization Products Services Inc., Medtronic Plc, STERIS Corporation, Siemens Healthcare, and US Endoscopy Group.

Medical Videoscope Market Key benefits:

  • The study provides an in-depth analysis of the global medical videoscope market, with current trends and future estimations to elucidate the imminent investment pockets.
  • A quantitative analysis from 2014 to 2022 to enable the stakeholders to capitalize on prevailing market opportunities is discussed.
  • Key market players are profiled and their strategies are analyzed thoroughly, which helps understand competitive outlook of the medical videoscope market.
  • Porters Five Forces model is expected to interpret the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players.
  • Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.

MEDICAL VIDEOSCOPE MARKET KEY SEGMENTS

By Product Type

  • Videoscopes
    • Videoscopy Devices
      • By Flexibility    
        • Flexible Videoscopes
        • Rigid Videoscopes
      • By Type    
        • Cystoscopes
        • Neuroendoscopes
        • Urology Endoscopes
        • Arthroscopes
        • Laparoscopes
        • OB/GN Endoscopes
        • Otoscopes
        • Laryngoscopes
        • Nasopharyngoscopes
        • Rhinoscopes
        • Gastroscopes
        • Colonoscopes
        • Bronchoscopes
        • Duodenoscopes
        • Sigmoidoscopes
        • Other Endoscopes
    • Capsule Endoscopy
    • Robot-Assisted Endoscopy
  • Visualization & Documentation Systems
    • Light Sources
    • Camera Heads
    • Wireless Display & Monitors
    • Endoscopy Cameras
    • Carts
    • Digital Documentation Systems
    • Video Processors & Video Convertors
    • Transmitters & Receivers
    • Others (Printers, Digital Capture Systems, Recorders, Couplers & Splitters, and Others)

By Application

  • Bronchoscopy
  • Arthroscopy
  • Laparoscopy
  • Urology Endoscopy
  • Neuroendoscopy
  • Gastrointestinal Endoscopy
  • Obstetrics/Gynecology Endoscopy
  • ENT Endoscopy
  • Others

By End User

  • Hospitals
  • Clinics
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • Republic of South Africa
    • Rest of LAMEA

Analyst Review

Medical videoscopes are expected to witness high adoption rate with increase in cases of varied diseases such as gastrointestinal diseases, colon cancers, and other targeted diseases. The medical videoscope market has gained momentum in the healthcare industry owing to its minimally invasive nature, shorter recovery time, and fewer post-operative complications coupled with lesser hospital stays. Wide use of laparoscopy, gastrointestinal endoscopy, arthroscopy, and ENT endoscopy; and advancements and major developments, such as devices with more throughput and accurate result, drive the market growth. The growth in need for non-invasive devices has increased the demand for innovative technologies and newer versions of endoscopy cameras incorporating advanced technology such as ultrahigh definition, 4-light emitting diode (LED) multi-light, and multi-zoom technology. These devices have become powerful diagnostic tools adopted for the visualization of visceral organs for chronic diseases such as cancer, gall bladder disease, and arthritis. Rise in incidence of gastrointestinal diseases has also contributed for the significant demand for medical videoscopes interventions worldwide.

However, dearth of skilled professionals and high costs associated with medical videoscope restrain the market growth. Currently, hospitals are the largest end users of medical videoscopes, followed by clinics, which are expected to exhibit the highest growth rate throughout the forecast period. However, the number of endoscopy procedures performed are higher in hospitals compared to clinics, as visualization and examination of visceral organs are majorly done in hospitals, which are well equipped with sophisticated videoscopy devices.

Increase in the number of targeted diseases coupled with growth in geriatric population fuels the demand for novel videoscopy devices such as capsule endoscopy and robot-assisted endoscopy, as it is the simple, efficient, minimally invasive, and more accessible approach for the diagnosis of diseases and indications. The employment of technologically advanced videoscopy products is highest in North America, owing to the increase in adoption of novel videoscopy devices, followed by Europe and Asia-Pacific.

Author Name(s) : Garima Chandra | Roshan Deshmukh

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Medical Videoscope Market

Global Opportunity Analysis and Industry Forecast, 2014-2022