Endoscopy Video Systems Sector: Growth Drivers and Challenges
Growth Drivers
- Rise in the Demand for Endoscopy
The preference for endoscopic video systems for the surgical procedures is rising among the doctors and patients on the back of its results in quick recovery of the patients and less trauma for them. The medical experts are shifting from open surgeries to minimal invasive surgeries, thereby likely to increase the demand for minimal invasive endoscopic devices in the forecast period. Moreover, the endoscopic procedures are quick which results in less medical expenditure, shorter stay at the hospitals and attributes to higher patient satisfaction. Hence, endoscopy is gaining more traction with each passing day which is expected to fuel the endoscopy video systems market for endoscopic video systems over the forecast period. - Advancement in the Technology and Global Rise in Health Diseases
The geriatric population is rising, and they have a need for different kind of surgeries as they are more prone to medical conditions such as gall stones, pelvic abscess and respiratory disorders which involves endoscopy and its video systems. In addition, increasing private hospitals and rise in the budget of healthcare to tackle the surgical issues with more clarity and precision is boosting the growth of the endoscopy video systems market. With the high demand for endoscopic procedures, the demand for endoscopic video systems is expected to be showcase an upliftment over the forecast period.
Challenges
- High Cost of Endoscopic Video Systems
The average price of an endoscopic video system is very high. Maintaining endoscopy equipments and video systems is of great importance in order to avoid patients from infection. Most of the developing countries are low in financial resources, which makes it difficult for them to invest and spend in such costly video systems. In addition, in some of the countries, there is no reimbursement from the government for endoscopic procedures. Moreover, any wear and tear during the insertion of endoscope will hamper the durability of the endoscopic equipments. All these factors are expected to restrain the growth of the endoscopic video systems market.
Endoscopy Video Systems Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.5% |
|
Base Year Market Size (2024) |
USD 26.23 billion |
|
Forecast Year Market Size (2037) |
USD 59.48 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of endoscopy video systems is assessed at USD 27.68 billion.
Endoscopy Video Systems Market size was valued at USD 26.23 billion in 2024 and is expected to reach USD 59.48 billion by 2037, registering around 6.5% CAGR during the forecast period i.e., between 2025-2037.
North America industry is expected to dominate majority revenue share by 2037, driven by its rising geriatric population, increasing surgeries using endoscopic proceduresm and rising incidents of health diseases related to lung disorders along with cancer and respiratory organs.
The major players in the market are Boston Scientific Corporation, Olympus Corporation, Fujifilm Holdings Corporation, Medtronic plc., Hoya Corporation, Hologic Inc., Coloplast A/S, Stryker Corporation, Siemens Healthineers AG, and others.
