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How has the Endoscopy Video Systems market size evolved in recent years?

In recent times, there has been significant growth in the size of the endoscopy video systems market. The market which is projected to be $26.56 billion in 2024, is predicted to grow to $28.63 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors like minimally invasive surgery (mis), training, education, patient and surgeon safety, and the digital transformation in healthcare have contributed to this growth in the historic period.

What are the predictions for the endoscopy video systems market size in the coming years?

The market size of endoscopy video systems is predicted to witness substantial growth in the coming years, reaching $37.93 billion by 2029, courtesy of a CAGR of 7.3%. The surge in the market can be ascribed to the worldwide expansion of healthcare, patient-oriented care, specialization of endoscopy and emergence of wireless and portable systems. Significant forecast period trends encompass technological progressions, incorporation of artificial intelligence, 3D imaging, and the use of augmented reality (AR) for visualization.

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What key factors are fueling the growth of the endoscopy video systems market?

Anticipated increases in the rates of stomach and colorectal cancers are predicted to stimulate the expansion of the endoscopy video systems market. Stomach cancer originates in the cells lining the stomach, while colorectal cancer develops in the rectum or the colon. These endoscopy video systems enable physicians to screen for and diagnose these forms of cancer by inserting an endoscope into the gastrointestinal tract. For example, in February 2023, the American Society of Clinical Oncology estimated that 153,020 adults in the US will be diagnosed with colorectal cancer, while 52,550 fatalities are anticipated. Additionally, the American Cancer Society reported in January 2022 that over 26,500 new stomach cancer diagnoses and 11,130 deaths are expected in 2023. Consequently, the rising occurrences of stomach and colorectal cancer are fuelling the endoscopy video systems market. The demand for endoscopy video systems is further driven by the increasing counts of inflammatory bowel disease. This chronic ailment triggers inflammation in the digestive tract, and endoscopy video systems are instrumental in diagnosing and managing it by providing clear, detailed views of the gastrointestinal tract. A research article in the Journal of the Canadian Association of Gastroenterology, published in March 2023, forecasted a rise in the rate of inflammatory bowel disease in Canada from 825 per 100,000 people in 2023 to 1075 per 100,000 by 2035. This uptick in cases of inflammatory bowel disease is thus contributing to the growth of the endoscopy video systems market.

How is the global endoscopy video systems market divided into key segments?

The endoscopy video systems market covered in this report is segmented –

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

Subsegments:

1) By Endoscopic Video Systems: Standard Endoscopic Video Systems, High-Definition Endoscopic Video Systems, 3D Endoscopic Video Systems, 4K Endoscopic Video Systems

2) By Endoscopy Video Components: Cameras, Monitors, Recording Devices, Video Processors, Cables And Connectors

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Who are the key firms paving the way for growth in the endoscopy video systems market?

Major companies operating in the endoscopy video systems market are Johnson & Johnson Ltd., Medtronic PLC, Siemens Healthineers AG, FUJIFILM Holdings Corporation., Stryker Corporation, Boston Scientific Corporation, Nisco Co Ltd., B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew PLC, Hologic Inc., Steris PLC, Mindray Medical International Ltd., Teleflex Incorporated, Arthrex Inc., Karl Storz SE & Co. KG, CONMED Corporation, Ambu A/S, Richard Wolf GmbH, SonoScape Medical Corp, PENTAX Medical, Verathon Inc., Perlong Medical Equipment Co.Ltd., XION GmbH, BR Surgical LLC, Luxtel LLC, CapsoVision Inc., Happersberger Otopront GmbH, ILO Electronic GmbH.

Which trends are expected to transform the endoscopy video systems market?

Leading businesses in the endoscopy video system market are focusing on creating unique solutions such as surgical visualization platforms to enhance customer service and solidify their market stance. A surgical visualization platform comprises a camera, light source, and screen that give surgeons an enlarged and clear perspective of the area being operated. For instance, Olympus Corporation, a Japan-based producer of endoscopic video equipment, debuted VISERA ELITE III in September 2022. The VISERA ELITE III, a high-tech surgical visualization platform, meets the requirements of healthcare providers for endoscopic procedures in various medical fields. With a variety of imaging features supported by a single system, the VISERA ELITE III facilitates minimally invasive procedures such as laparoscopic cholecystectomy and laparoscopic colectomy. The following software updates are planned to expand surgical imaging potential and accommodate specific facilities that support multiple surgical applications, leading to reduced investment expenses.

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What regions are contributing significantly to the growth of the endoscopy video systems market?

North America was the largest region in the endoscopy video systems market in 2024. The regions covered in endoscopy video systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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