Growth Drivers
Challenges
Globally, the age related diseases in addition to the diseases related to respiratory system are prevailing, and for the diagnosis & treatment of these diseases, the demand for endoscopic procedures is rising, which will further boost the demand for Endoscopic video systems. The market for Endoscopy video systems is anticipated to record a CAGR of around 6% over the forecast period, 2020-2028. The key factors, boosting the growth of the market include increasing geriatric population, rise in the cases of cancer & obesity along with the increase in the adoption of surgeries in which endoscopes are used. These key factors will result into the increased adoption of endoscopes along with the visual monitor systems, with the advancements in technology over the forecast period.
The product type is segmented into Standard Definition visualization system, High Definition visualization system and Ultrasound devices. Based on the segmentation by product type, the High Definition visualization systems segment is anticipated to hold the leading share in the market on the account of increase in demand for High Definition (HD) visualizations by the doctors and surgeons, so as to diagnose the complex diseases such as lung disorders, cancer and urinary disorders, during the endoscopic procedures. Moreover, the HD visualization allows the medical professionals to view and switch the images from 2D to 3D, which will create a positive impact on the growth of the market. CLICK TO DOWNLOAD SAMPLE REPORT
Author Credits: Radhika Pawar
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