A recent report published by Infinium Global Research
on the medical videoscopes market provides an in-depth analysis of segments and
sub-segments in global as well as the regional medical videoscopes market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional medical videoscopes market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global medical videoscopes market. According to the report the
global medical videoscopes market is projected to grow at a CAGR of 5.3% over
the forecast period of 2018-2024.
Medical videoscopes is a
type of equipment that is used to illuminate the body cavities to obtain
internal body images in medical and surgical settings. The real-time images
taken by videoscopes are displayed in front of surgeons during the medical
examination or surgical procedure to enable them to have a clear idea of the
patient’s medical condition.
Medical videoscopes are
used across various applications such as endoscopy, gynecology, laparoscopy,
arthroscopy, urology, and bronchoscopy. Apart from their diverse applications,
the market for medical videoscopes is also gaining impetus from the latest
technological advances introduced in endoscopic procedures, which in turn have
resulted in several improvisations in videoscopes. Additionally, the rapidly
rising geriatric population, which is more vulnerable to gastrointestinal and
orthopedic diseases, is also anticipated to accelerate demand from the global
medical videoscopes market. However, the high cost of this equipment may hinder
several small and mid-sized hospitals from investing in them, subsequently
hampering the overall growth of the market.
North America is the largest market for the medical videoscopes market, due to increasing number of endoscopy training workshops and several initiatives were taken by the U.S. and Canada governments are augmenting the growth of the medical videoscopes market. For instance, Given Imaging developed an ingestible camera, named ‘the PillCam Colon’ that is approved by the U.S. food and drug administration to be used during colonoscopy procedures.
Asia-Pacific region is
developing at a great pace and is considered to be as the most promising market
for the growth of medical videoscopes market due to the presence of a large
population base, increasing health care expenditure by governments, rising
research funding for better treatments of its people, growing awareness related
to videoscopes procedures among patients, etc. are contributing to the growth
of this market. Furthermore, increasing government support to set up modern
healthcare infrastructure, favorable reimbursement scenario, and various tax
benefits would also drive the medical videoscopes market in the coming years.
The report on global medical videoscopes market covers
segments such as product, application, and end user.On the basis of product, the global medical
videoscopes market is categorized into videoscopes and visualization
systems. On the basis of application, the global medical videoscopes market is
categorized into gastrointestinal, gynecology, mediastinoscopy, laryngoscopy,
urology endoscopy and others. On the basis of end user, the global medical
videoscopes market is categorized into hospitals, diagnostic centers, clinics, and others.
The countries covered in the North America region
include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan,
India, South Korea, Malaysia, and among others. Moreover, Germany, U.K.,
France, Spain, and Rest of Europe are included in the European region. The U.S.
drives the growth in the North America region as it is the largest market in
the region. The Asia-Pacific region offers substantial potential for the
market growth owing to rapid growth in markets such as India and China. The
APAC region is projected to experience a growth at a CAGR of x.x% over the
period of 2018-2024.
The report provides profiles of the companies in the
global medical videoscopes market such as Olympus Corporation, Stryker
Corporation, Karl Storz GMBH & Co.KG, Fujifilm Holding
Corporation, Hoya Corporation (Pentax Medical), Richard Wolf
GMBH, Smith & Nephew PLC, Conmed Corporation, Welch
Allyn, Inc. and XION GMBH.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical videoscopes market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the medical videoscopes market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical videoscopes market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical videoscopes market to understand the present and future trends in this market and formulate their strategies accordingly.