Endoscopic Camera Systems Market to reach US$ 6.9 Bn by 2031, Growing Adoption of Technologically Advanced Equipment and Rising Prevalence of Chronic Diseases to Drive the Market, Sates TMR

- The endoscopic camera systems market is expected to be valued at US$ 6.9 Bn by 2031. Surge in product application in gynecology, urology, otolaryngology (ENT), pulmonology, cardiology, and gastroenterology is fueling sales in market.

- Market enterprises are strengthening their production capabilities of devices that allow for radical adjustments

News provided by

Transparency Market Research

Oct 13, 2021, 10:30 ET

ALBANY, N.Y., Oct. 13, 2021 /PRNewswire/ -- Endoscopic camera systems are widely utilized in a broad range of procedures such as arthroscopy, endoscopy, laparoscopy, and veterinary purposes.

Owing to various features such as improved focus, sharpness, and clarity, the use of endoscopic camera systems is increased today in a wide range of surgical applications. This factor is expected to generate prominent sales prospects in the global endoscopic camera systems market in the years to come.

A research report by Transparency Market Research (TMR) highlights that the global endoscopic camera systems market is projected to expand at a CAGR of 5.7% during the forecast period from 2021-2031. The study offers complete summary of factors shaping the market growth.

Endoscopic Camera Systems Market: Key Findings

Enterprises Focus on Product Innovation

With surge in awareness pertaining to technologically advanced products, there has been a significant growth in the demand advanced medical imaging equipment across major parts of the globe. As a result, leading companies in the market are focused on the development and launch of advanced endoscopic camera systems.

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Surge in Demand for Certified Refurbished Endoscopic Camera Systems Drives Global Market

The adoption of certified refurbished endoscopic camera systems has increased in cash-strapped healthcare facilities of several nations around the world. Moreover, these products are gathering impetus, as they offer improved image quality, which helps in reducing eye fatigue that generally occur due to working on a monitor.

Endoscopic Camera Systems Market: Growth Boosters

Rise in investments by market enterprises in R&D activities is resulting in the introduction of innovative and technologically advanced products. This is one of the key factors driving the growth avenues in the global endoscopic camera systems market.
Players are experiencing an increase in the demand for camera systems with state-of–the-art technologies and that can be customized as per specific settings. As a result, companies are increasing their production capabilities, thereby fulfilling current market needs.
Several organizations operating in the global endoscopic camera systems market are focused on increasing the availability of new as well as pre-owned world class surgical HD camera systems. Furthermore, they are developing camera systems with wireless transmission capabilities that can be utilized with wireless monitors.
Major end users, including diagnostic centers and hospitals are increasing inclination toward the use of 4K ultra HD (UHD) resolution in camera systems, which deploy 3840x2160 pixels image size. These systems are gathering traction, owing to their ability to offer comfort while working on large monitors. Moreover, 4K camera heads provide superior quality optical zoom and allow to achieve advanced quality of image in full-image as well as circular endoscopy images.

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Endoscopic Camera Systems Market: Regional Analysis

The Asia pacific endoscopic camera systems market is expected to expand on the back of several factors such as increased consumer inclination toward the use of latest and technologically advanced products and improved disposable income of regional population. Moreover, rise in initiatives by government authorities to modernize regional healthcare infrastructure is anticipated to boost market growth.

Endoscopic Camera Systems Market: Key Players

The study profiles some of the key players operating in the endoscopic camera systems market. Thus, it gives all crucial information, including company overview, financial overview, product portfolio, business strategies, and recent developments of players profiled in the market report.

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Some of the key players in the endoscopic camera systems market are:

Stryker
Olympus
SCHÖLLY FIBEROPTIC GMBH
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
B. Braun Melsungen AG
Gimmi GmbH
Xuzhou AKX Electronic Science And Technology Co., Ltd.
KARL STORZ
Richard Wolf GmbH
MEDIT INC
Honasa Consumer Pvt. Ltd.

Global Endoscopic Camera Systems Market: Segmentation

Endoscopic Camera Systems Market, by Product

Device
Accessories

Endoscopic Camera Systems Market, by Sensor Type

Complementary Metal Oxide Semiconductor (CMOS)
Charge-coupled Device (CCD)

Endoscopic Camera Systems Market, by Application

Gastroenterology
Pulmonology
Orthopedic Surgery
Cardiology
ENT Surgery
Gynecology
Neurology
Urology

Endoscopic Camera Systems Market, by End-user

Hospitals
Diagnostic Centers
Others

Endoscopic Camera Systems Market, by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of the Europe

Asia Pacific

China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

Endoscopy Ultrasound Market: The global endoscopy ultrasound market was valued at approximately US$ 600.0 Mn in 2017 and is anticipated to expand at a CAGR of over 5.0% during the forecast period to reach a value of approximately US$ 1,000 Mn in 2026. Rise in adoption of endoscopy ultrasound techniques owing to their higher accuracy in diagnosis and treatment of gastrointestinal (GI) diseases is expected to drive the market from 2018 to 2026.

Endoscopy Equipment Market: The high demand for the flexible endoscopes is accounting for the dominating share in the global endoscopy devices market, and is expected to continue its dominance over the forecast period. This growth is attributable to the diverse application of these endoscopes to diagnose and treat different diseases and increased adoption of flexible endoscopes in healthcare settings.

Endoscopy Devices Market: Growing preference for endoscopy visualization systems due to the need for quick diagnosis for complex health problems such as cancer and neurological disorders is fuelling the growth of the endoscopy devices market. Manufacturers are also focusing on offering training to healthcare professionals for use of advanced endoscopy devices.

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