The global medical videoscope market is segmented based on products, applications, and geography. Based on products, the global medical videoscope market comprises videoscopes and visualization systems. Medical Videoscope are further categorized into rigid videoscopes and flexible videoscopes.

Based on applications, the global medical videoscope market is broadly categorized into laparoscopy, gastrointestinal endoscopy, arthroscopy, cystoscopy, obstetrics/gynecology, bronchoscopy, laryngoscopy, mediastinoscopy, otoscopy, and others. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of World (RoW). North America is the largest market for medical videoscope, followed by Europe and Asia. The Asian medical videoscope market is slated to grow at the highest rate over the next five years.

Over the years, the demand for endoscopy has increased significantly owing to the growing preference for minimally invasive surgeries. Apart from being minimally invasive, endoscopic procedures are cost-effective in terms of pre- and post-operation care costs and length of stay at hospitals. Technological advancements and breakthroughs in the field of endoscopy are expected to drive the global medical videoscope market in the coming years. Advancements in technology have also resulted in several improvisations, including increased angles in the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems that are integrated with high-resolution technologies such as 3D systems, and miniaturized endoscopy systems. The other factors that are driving the growth of the global medical videoscope market include a favorable reimbursement scenario in select geographies and increasing prevalence/incidence of diseases requiring endoscopy procedures.

Another pivotal factor that drives the growth of the global medical videoscope market is the rapid rise in the number of elderly people, who are prone to orthopedic, gastrointestinal, and ophthalmic diseases as well as cancer. Endoscopic procedures are increasingly being used for the treatment of a number of common major disorders, such as cancer, obesity, and gastroesophageal reflux disorder (GERD). However, globally, there is a shortage of specialists (endoscopy physicians and surgeons) who perform endoscopic surgeries. Moreover, the investment costs for endoscopic equipment is extremely high for most hospitals in developing countries.

The major players in the global medical videoscope market include Olympus Corporation (Japan), Stryker Corporation (U.S.), KARL STORZ GmbH & Co. KG (Germany), Fujifilm Holding Corporation (Japan), Hoya Corporation (Pentax Medical System) (Japan), Richard Wolf GmbH (Germany), Smith and Nephew, Plc (U.K.), ConMed Corporation (U.S.), Welch Allyn, Inc. (U.S.), and XION GmbH (Germany).

Medical Videoscope Market : Scope of the Report

This research report categorizes the global medical videoscope market into the following segments and subsegments:

Global Medical Videoscope Market, by Product

Videoscopes Rigid Videoscopes Laparoscopes Arthroscopes Cystoscopes Urology Endoscopes Gynecology Endoscopes Neuroendoscopes Others Flexible Videoscopes Colonoscopes Upper GI Endoscopes Broncoscopes Sigmoidoscopes Laryngoscopes Pharyngoscopes Duodenoscopes Nasopharyngoscopes Rhinoscopes Other Flexible Endoscopes



Visualization Systems Wireless Displays And Monitors Endoscopic Light Sources Video Converters Endoscopic Cameras HD Cameras 3-chip Cameras 3D Cameras Single-chip Cameras Video Recorders Video Processors Camera Heads Transmitters & Receivers Others Visualization Devices Medical Grade Digital Printers Couplers and Splitters



Global Medical Videoscope Market, by Application

Laparoscopy

Gastrointestinal

Arthroscopy

Obstetrics/Gynecology

Urology Endoscopy (Cystoscopy)

Bronchoscopy

Mediastinoscopy

Otoscopy

Laryngoscope

Others

Global Medical Videoscope Market, by Geography

North America

Europe

Asia

Rest of the World (RoW)

Medical videoscope have huge demand across the globe owing to their wide application areas as well as their flexibility in terms of specification of instruments, which fits in with the various requirements of different procedures. The market has seen an extraordinary amount of technological advancements and breakthroughs in the last few years, as companies have focused on developing products capable of reducing pain, curtailing the number of sick days, and reducing the overall cost of treatment. The global medical videoscope market was valued at $13.6 Billion in 2014 and is expected to reach $19.0 Billion by 2019, growing at a CAGR of 7.0% from 2014 to 2019.

This report categorizes the global medical videoscope market into two segments, namely, videoscopes, and visualization systems. The visualization systems market commanded the largest share of 65% of the global medical videoscope market in 2014. The market for videoscopes is segmented into rigid videoscopes, and flexible videoscopes. The flexible videoscopes market accounted for the largest share of the videoscopes market in 2014.

The market for visualization systems is segmented into endoscopic cameras, video recorders, video processors, video convertors, camera heads, light sources, wireless displays and monitors, transmitters and receivers, and other visualization devices. During the forecast period, the market for endoscopic cameras segment is expected to growth at a fast rate.

Over the years, the demand for endoscopy has increased significantly because of the growing preference for minimally invasive surgical procedures. Apart from being minimally invasive, endoscopic procedures are also cost effective in terms of pre- and post-operation care costs and the length of stay at hospitals. Technological advancements and breakthroughs in the field of endoscopy are expected to drive the global medical videoscope market in the coming years. These technological developments have resulted in several improvisations, including increased angles in the field of view in endoscopes, incorporation of high-resolution technologies such as 3D systems, and miniaturized endoscopy systems. The other factors that are driving the growth of the global medical videoscope market include the favorable reimbursement scenario in select geographies, growing aging population, and increasing prevalence/incidence of diseases that require endoscopy procedures.

Medical Videoscope Market, by Geography, 2014

Source: Markets and Markets Analysis

The global medical videoscope market is dominated by North America, followed by Europe and Asia. The growth in the global medical videoscope market is likely to be focused on the fast-growing Asian region, owing to increased healthcare spending by the government in China; the increasing number of endoscopic surgeries; the improving endoscopic infrastructure in India; the establishment of training centers for endoscopy in India, China, and Japan; wide support for endoscopy-related research activities in Japan; and increased patient awareness about minimally invasive surgeries (MIS) in Asia. The Rest of World (RoW) region�which includes Latin America, the Middle East and Africa, and the Pacific countries is likely to witness steady growth in the medical videoscope market. This is due to the increasing focus of key players on the Middle Eastern countries and Brazil, the increasing number of endoscopy training workshops and investments in Australia, and several government initiatives in New Zealand to develop an efficient workforce for endoscopy services.