Global Endoscopic Imaging Market
The Global Endoscopic Imaging Market is subjected to grow at a significant CAGR of 7.2% by accounting for revenue share of $xx MN in 2026 from $xx MN in 2020.
Market Overview & Dynamics:
Endoscopy is an imaging technology, which is used to diagnose variant infections and diseases. This technology has proved as a beneficial in reducing post-surgery complications. Endoscopic imaging is emerging beyond the confines of traditional white light endoscopy.
Rising patient pool for GI disorders is the primary key factor stimulating the market growth.
The demand for endoscopic imaging is rising globally due to growing incidences of chronic diseases like cancer in geriatric population due to changing lifestyle and eating habits and advanced technological innovations in the field of endoscopy fuel the market growth. There is a plethora of advanced imaging technologies which aim to improve visualization of the vascular network and surface texture of the mucosa and thereby improve tissue characterization, differentiation, and diagnosis. Along with this, minimal scarring, less chance of infection, and shorter hospital stays also benefits the market growth. However, high pricing and lack of skilled surgeons and technicians are restraints for the global endoscopic imaging market.
The report has profiled nineteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and the report has come up with recommendations for a future hot spot in the APAC region.
Segment Analysis:
The Endoscopic Imaging Market is segmented based on the product type and application.
The product segment includes endoscopes, visualization equipment and endoscopic operative device. The endoscopes segment is further divided into Rigid Endoscope, Flexible Endoscope, Capsule Endoscope and Robot-assisted Endoscope. The robot assisted endoscope is expected to command the market by accounting for a larger revenue share. The main goal of robotic endoscopy is to improve precision, effectiveness, safety, and reliability to enhance the interventional capabilities of endoscopists and to augment the field of possible interventions. Available instruments include dissection tools, graspers, electro cautery devices, and sutures.
Based on the application segment, the gynecology segment is expected to register highest growth in the forecast period. The high growth of the gynecology segment is due to the fact that the gynecologic laparoscopic procedure is one of the common, minimally-invasive procedures performed to obtain a clear picture of the pelvic region. Uterus, ovaries, and fallopian tubes can be examined with a pelvic laparoscopy.
These devices are also used for the removal of fibroids, uterus, ovarian cysts, and lymph nodes, for an ectopic pregnancy, and for the detection of cancer of the ovary, uterus, and cervix. Therefore, with the rising burden of gynecologic cancer and the rising demand for these devices, the market is expected to witness rapid growth, over the forecast period.
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Regional Insights:
North America will dominate the global market by holding a dominant share during the forecast period.
Ongoing technological advancements in the healthcare sector and prevalence of gastrointestinal diseases and other chronic diseases in US augment the market growth in the region. Advantages of these procedure, such as minimal invasive technique offering faster recovery of patients, are among the key factors propelling their adoption in the country. Furthermore, Colon cancer is projected to be the third leading cause of cancer deaths in the United States, which is expected to cause about 53,200 deaths during 2020 in the United States, as per the American Cancer Society.
Asia Pacific is expected as the fastest growing region during the forecast period.
APAC is experiencing fastest growth as the geriatric population increasing rapidly more prone to chronic diseases, rising awareness, favorable government policies, increased in healthcare expenditure and modernization in medical infrastructure essentially in developing nations like India, China and Japan.
The report also helps in understanding Global Endoscopic Imaging dynamics, structure by analyzing the market segments and project the Global Endoscopic Imaging size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Endoscopic Imaging make the report investor’s guide.
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By Region:
• North America
• Europe
• South America
• MEA
• APAC
Key Players:
• Olympus Corporation
• HOYA Corporation
• Fujifilm
• Johnson & Johnson
• Boston Scientific Corporation
• Covidien Plc
• Stryker Corporation
• Medtronic Plc
• Cook Medical Incorporated
• Arthrex Inc
• CONMED Corporation
• Smith & Nephew Plc
• KARL STORZ GmbH & Co. KG
• B.Braun Melsungen Ag.
• RICHARD WOLF
• Micro-Tech Endoscopy
• Cognetix
• PENTAX MEDICAL
• Interscope Inc.
• Cantel Medical
• Shaili Endoscopy
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