Endoscopy Visualization Systems Market Size, Share & Trends Analysis Report By Product (Systems, Components), Resolution Type (4K, FHD), By End Use, By Region (Hospitals), And Segment Forecasts, 2024 - 2030

Report Overview

The global endoscopy visualization systems market size was valued at USD 25.1 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030. An endoscopy visualization system is an advanced video system that includes all aspects of endoscopic surgeries, improving the quality of images and videos.The endoscopy visualization system enhances endoscopic imaging by providing magnified, high-definition images that help in the accurate classification of flat and small polyp lesions making visualization easier. This technology simplifies treatment by helping healthcare cost-saving and advanced endoscope reprocessing devices. The endoscopy visualization system includes printers, monitors, displays, and light sources.

The increased need for advanced endoscopy visualization systems is one of the key drivers driving the growth and demand of the endoscopic visualization systems market. Furthermore, the rise in obesity rates, aging population, technological advancements, reimbursement, and increasing incidences of associated diseases also drive the market growth. The market is experiencing growth due to patients and physicians becoming highly aware of new endoscopy technologies that offer several medical benefits.

Similarly, the market growth is boosted by the rising number of elderly individuals susceptible to gastrointestinal, orthopedic, and ophthalmic conditions, as well as cancer. Major market players are strongly interested in conducting fast and extensive research and development in the healthcare services industry. Combined with the expansion of private healing facilities and recovery centers in remote areas, the increasing demand for advanced technologies is expected to drive further growth in the endoscopic visualization systems market in the forecast period.

Product Insights

Endoscopy visualization systems accounted for the largest market revenue share of 71.2% in 2023 owing to the technological progress such as the implementation of high-definition (HD) and ultra-high-definition (UHD) endoscopy systems for enhanced visualization and diagnosis, the use of artificial intelligence (AI) and machine learning algorithms in endoscopic imaging systems to identify and diagnose lesions in real-time and transitioning to wireless and portable endoscopy systems to improve comfort and convenience. The increase in the accessibility of medical institutes along with the growing number of digestive and gastrointestinal issues in patients has led to the growth of this segment.

Resolution Insights

The 4K Resolution segment held the largest revenue share in 2023 at 72.5% due to the high usage of monitors that displays 4K resolution images. Furthermore, images with 4K resolution offer a higher level of color accuracy compared to full HD resolution, enabling better precision and easier differentiation between different anatomical structures. The adoption of 4K resolution monitors has been on the rise in developed countries whereas the FHD resolution is still used as a cost-effective alternative to the high priced 4K monitors.

End Use Insights

The outpatient facilities segment dominated the market with a share of 53.3% in 2023 due to reduced healthcare costs, the need for better service, financial strain on doctors, and improvement in treatment quality. The progress in medical technology has allowed medical professionals to carry out a variety of treatments in an outpatient setting with the help of improved anaesthetic methods and minimally invasive techniques.

Regional Insights & Trends

North America dominated the market as it had the highest market share of 43.3% in the year 2023 due to the growing prevalence of gastrointestinal diseases and cancer. Additionally, the region benefits from a favorable medical reimbursement environment, making costly surgical procedures more accessible. There is also a rising trend of oligopoly purchasing of equipment in the region. Government investments in healthcare has increased the utilization of advanced endoscopy visualization systems in U.S. hospitals, which will boost the revenue of these systems and support market expansion.

Asia Pacific Endoscopy Visualization Systems Market Trends

Asia Pacific region is estimated to grow at the highest CAGR of 8.0% over the forecast period due to the fast-paced technological progress, surge in illnesses, and growing disposable income in countries such as India, China, Japan, and others. The growing number of undiagnosed patients with a high prevalence of urology, cancer, gynecology, gastrointestinal, and cavity disorders has also contributed to the growth of the market in this region.

Latin America Endoscopy Visualization Systems Market Trends

The Latin America region is also poised for steady growth in this segment. The demand for advanced endoscopy visualization systems in Latin America is driven by the growing medical tourism industry and increasing disposable income levels. Enhancements in the healthcare infrastructure and an increase in medical demands are attributed to the regional market expansion. Market penetration faces challenges due to economic Instability and limited access to healthcare facilities.

Key Companies & Market Share Insights

Some major companies in the endoscopy visualization systems market are Stryker, Boston Scientific Corporation, Ethicon, Richard Wolf GmbH, Medtronic, Smith+Nephew, KARL STORZ SE & Co. KG. Companies are focusing on adopting new technologies and integration of Artificial Intelligence and Machine Learning in the devices used in the endoscopy procedures.

Recent Developments

• In March 2024, Olympus Corporation (Olympus) and NTT Corporation (NTT) collaborated for a joint demonstration experiment of a cloud-based endoscopy system that enables image processing in the cloud.

• In December 2023, EIZO introduced its inaugural 4K medical recorder for storing videos of endoscopy, microsurgery, and other procedures.

Endoscopy Visualization Systems Market Report Scope

Global Endoscopy Visualization Systems Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the Global Endoscopy Visualization Systems Market report based on product, resolution, end use and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Endoscopy Visualization Systems

    • Standard Definition Systems 

      • 2D Systems.

      • 3D systems.

    • High Definition Systems

      • 2D Systems.

      • 3D systems.

  • Endoscopy Visualization Components

    • Camera Heads

    • Insufflators

    • Light Sources

    • High definition Monitors

    • Suction Pumps

    • Video Processors

• Resolution Outlook (Revenue, USD Million, 2018 - 2030)

  • 4K

    • UHD Resolution

    • DCI Resolution

  • FHD

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Outpatient Facilities

• Regional Outlook (Revenue, USD Million, 2018 - 2030) 

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait