New York, NY, May 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Medical Videoscopes Market By Type (Capsule Endoscopes, Rigid Videoscopes, and Flexible Videoscopes), By End-User (Hospitals, Clinics, Diagnostic Centers, and Others), and By Application (Neuroendoscopy, Laparoscopy, Gynecology Endoscopy, GI Endoscopy, ENT Endoscopy, Arthroscopy, and Urology Endoscopy): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global medical videoscopes market was around USD 15.33 billion in 2018 and is expected to reach approximately USD 24.05 billion by 2025, at a CAGR of around 6.68% between 2019 and 2025.
Medical videoscope is a device used to screen and obtain internal body cavities in surgical and medical settings. It captures real-time images of visceral organs and hollow cavities. The organs that are usually scanned using videoscopes include the brain, abdomen, esophagus, gastrointestinal (GI) tract, and lungs. Medical videoscopes are also used as a part of endoscopic instrumentation for data collection in the archaeological and anthropological settings. The rapid developments in medical devices and equipment industry and rising government initiatives and investments are projected to drive the medical videoscopes market growth in the upcoming years. Additionally, the increasing population across developing economies is demanding more number of medical amenities including hospitals and clinics, which is also supporting the global medical videoscopes market over the projection time period. Rising consumer preference for advanced healthcare management and disease diagnosis is estimated to further propel the demand for videoscope products in the future.
Browse through 54 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Medical Videoscopes Market: By Type, Industry Size, Share, Trends, Applications, Analysis and Forecast, 2018–2025”.
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Based on type, the global medical videoscopes market is divided into capsule endoscopes, rigid videoscopes, and flexible videoscopes. The flexible videoscope segment is estimated to hold a major market share over the projection time period, owing to its growing applications in various end-use industries. The rising adoption of flexible videoscopes to improve patient health and healthcare outcomes through progressive healthcare tracking and management is also estimated to boost this segment in the upcoming years. Based on end-user, the market includes hospitals, clinics, diagnostic centers, and others. Rising government expenditure for the development of fully equipped diagnostic centers, hospitals, and clinics in developing economies is anticipated to boost the demand for medical videoscopes in the end-user segment. Based on application the market is classified as neuroendoscopy, laparoscopy, gynecology endoscopy, GI endoscopy, ENT endoscopy, arthroscopy, and urology endoscopy. Laparoscopy is the fastest growing segment due to the increasing number of bariatric surgeries across the globe and the rising demand for surgical procedures that involve minimal invasion.
By region, North America is projected to record a significant CAGR in the global medical videoscopes market due to the growing investments in the medical devices and instruments sector and flourishing end-user industries. Consumers prefer innovative technologies for healthcare monitoring and management. The U.S. and Canada are the major contributors to the North American market.
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In Europe, the medical videoscopes market growth is primarily attributed to the rising investments by the key players in the area of medical innovations and research. Russia, France, Germany, UK, and Italy are the major contributors to the Europe market. Moreover, the rising preference for advanced equipment and technologies across the medical sector, such as therapeutics, diagnosis, wellness and fitness, and monitoring, is also projected to boost the growth of the Europe medical videoscopes market.
The Asia Pacific medical videoscopes market is estimated to record a considerable growth rate over the forecasted time period, owing to the rising demand across various end-user segments and the increasing number of medical facilities.
Browse the full “Medical Videoscopes Market By Type (Capsule Endoscopes, Rigid Videoscopes, and Flexible Videoscopes), By End-User (Hospitals, Clinics, Diagnostic Centers, and Others), and By Application (Neuroendoscopy, Laparoscopy, Gynecology Endoscopy, GI Endoscopy, ENT Endoscopy, Arthroscopy, and Urology Endoscopy): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/medical-videoscopes-market
The medical videoscopes market in Latin America is anticipated to register a stable growth rate during the forecast period. In the past few years, access to healthcare products and services has increased significantly in Latin America. Moreover, the regional government is expecting significant growth and financial stability in the healthcare system with the development of future programs and policies in Mexico and Colombia.
In the Middle East and Africa, the rising number of development activities and the growing investments in building advanced healthcare facilities are anticipated to boost the medical videoscopes market in the region. Governments in the UAE and Saudi Arabia are largely spending on healthcare services and are focused on providing affordable and best possible patient outcomes to satisfy the medical needs of the growing regional population. This, in turn, is anticipated to further enhance the medical videoscopes market over the estimated time period.
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Some key players operating in the global medical videoscopes market are ConMed Corporation, Welch Allyn, KG Fujifilm Holding Corporation, Olympus Corporation, KARL STORZ, Hoya Corporation, Richard Wolf, Smith & Nephew, XION GmbH, and Stryker Corporation.
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This report segments the global medical videoscopes market as follows:
Global Medical Videoscopes Market: Type Analysis
- Capsule Endoscopes
- Flexible Videoscopes
- Rigid Videoscopes
Global Medical Videoscopes Market: Application Analysis
- Neuroendoscopy
- Laparoscopy
- Gynecology endoscopy
- GI Endoscopy
- ENT Endoscopy
- Arthroscopy
- Urology Endoscopy
Global Medical Videoscopes Market: End-User Analysis
- Hospitals
- Clinics
- Diagnostic Centers
- Others
Global Medical Videoscopes Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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