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The endoscopy video systems market has witnessed robust expansion in recent years, with a noteworthy increase in its market size. In 2023, the market is estimated at $24.58 billion, set to surge to $26.56 billion in 2024, showcasing a commendable compound annual growth rate (CAGR) of 8.1%. The growth is attributed to pivotal factors such as minimally invasive surgery (MIS), training and education, patient and surgeon safety, and the ongoing digital transformation in healthcare.

Key Statistics:

• Market size: $24.58 billion (2023)
• Expected growth: $26.56 billion (2024)
• CAGR: 8.1%

 

Future Projections: A Glimpse into 2028

Anticipating the future, the endoscopy video systems market is poised for even more substantial growth, reaching an estimated $35.08 billion in 2028. This projected growth, marked by a CAGR of 7.2%, is fueled by the global expansion of healthcare, the emphasis on patient-centered care, the application of endoscopy in specialized fields, and the advent of wireless and portable systems.

Noteworthy Trends:

• Technological advancements
• Artificial intelligence integration
• 3D imaging
• Augmented reality (AR) visualization

 

Inflammatory Bowel Disease: A Driving Force

A significant impetus behind the escalating demand for endoscopy video systems is the surge in inflammatory bowel disease (IBD) cases. With IBD being a chronic condition causing inflammation in the digestive tract, these video systems play a pivotal role in diagnosis and management. Notably, a study predicts a rise in the incidence rate of IBD in Canada, from 825 per 100,000 in 2023 to 1075 per 100,000 in 2035, substantiating the need for advanced diagnostic tools.

Key Driver:

• Increase in inflammatory bowel disease cases

 

Industry Giants Paving the Way

The endoscopy video systems market is dominated by major players, including Johnson & Johnson Ltd., Medtronic PLC, Siemens Healthineers AG, and many others. These companies are instrumental in propelling market growth through their innovative solutions and strategic initiatives.

Prominent Players:

• Johnson & Johnson Ltd.
• Medtronic PLC
• Siemens Healthineers AG
• Olympus Corporation
• Stryker Corporation

 

Read More On The Endoscopy Video Systems Market Report 2023 – https://www.thebusinessresearchcompany.com/report/endoscopy-video-systems-global-market-report

 

Surgical Visualization Platforms: A Competitive Edge

Major companies in the market are focusing on cutting-edge solutions like surgical visualization platforms to enhance customer services and fortify their market standing. These platforms integrate cameras, light sources, and displays to offer surgeons a clear and magnified view of the surgical site. An exemplary case is Olympus Corporation’s VISERA ELITE III, designed to meet the demands of healthcare providers across various medical specialties.

Noteworthy Development:

• Olympus Corporation’s VISERA ELITE III

 

Strategic Acquisitions and Strengthened Capabilities

In the dynamic landscape of endoscopy video systems, acquisitions play a pivotal role. Olympus Corporation’s acquisition of Quest Photonic Devices B.V. for $54.9 million in February 2021 exemplifies how strategic moves contribute to consolidating a company’s position as an innovator in medical imaging solutions.

Strategic Acquisition:

• Olympus Corporation acquires Quest Photonic Devices B.V.

 

Market Segmentation for Precision

To navigate the diverse landscape of endoscopy video systems, a comprehensive segmentation is imperative. The market is categorized based on products, component types, applications, and end-users, providing a nuanced understanding of the industry.

Segmentation Highlights:        

1. By Product: Endoscopic Video Systems, Endoscopy Video Components
2. By Component Type: Camera Head, Light Sources, Suction Pumps, Video Processors, Insufflators
3. By Application: Upper GI Endoscopy, Colonoscopy, Bronchoscopy, Sigmoidoscopy, ENT Endoscopy, Other Applications
4. By End User: Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Other End Users

 

North America Takes the Lead

In 2023, North America emerged as the largest region in the endoscopy video systems market, underlining the region’s prominence in driving market dynamics.

 

Regional Dominance:

• North America leads in market size (2023)

 

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The Table Of Content For The Endoscopy Video Systems Market Include:
1. Endoscopy Video Systems Market Executive Summary
2. Endoscopy Video Systems Market Segments
3. Endoscopy Video Systems Market Size AndEndoscopy Video Systems Market Growth Rate
4. Key Endoscopy Video Systems Market Trends
5. Major Endoscopy Video Systems Market Drivers
……
25. Key Mergers And Acquisitions In The Endoscopy Video Systems Market
26. Top Endoscopy Video Systems Companies
27. Endoscopy Video Systems Market Opportunities And Strategies
28. Endoscopy Video Systems Market, Conclusions And Recommendations
29. Appendix

 

The Endoscopy Video Systems Market Global Market Report 2023covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the endoscopy video systems market.

 

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