Medical videosopes are used to take visual feedback in medical and surgical settings to obtain internal bodily images. The real time video images taken by videoscopes are displayed to the surgeons while ongoing surgical procedures or medical examination. Medical videoscopy is expected to witness a lucrative growth during the forecast period owing to increasing applications of videoscopy in surgery, growing development of novel technologies, increasing grants and funds by government for research and development, increased patient inclination towards micro-imaging platforms, introduction of endoscopes as thin as a human hair, and technological advancements such as Ultrafine technology’s innovative desktop endoscope and Microcam which is an innovative micro-imaging platform. The increasing incidences of diseases that require usage of medical video scopes are further expected to fuel market demand throughout the forecast period.
The medical videoscopes market is segmented on the basis of applications, visualization system and products available. Products offered in the medical videoscope market comprise of visualization systems, flexible videoscopes and rigid videoscopes. On the basis application medical videoscopes include arthroscopy, mediastinoscopy, laparoscopy, gastrointestinal endoscopy, bronchoscopy, cystoscopy, gynecology, laryngoscopy, and otoscopy. Moreover, the visualization segment also includes video processors, video recorders, video convertors, endoscopic cameras, wireless displays, camera heads, and receivers, transmitters and monitors. The visualization system market is expected to witness lucrative growth through to 2022 owing to the introduction of novel avenues of applications in a number of the endoscopic procedures and in all categories of video assisted procedures, such as bariatric, general endoscopic, thoracic, laparoscopic, and posterior/anterior spinal procedures. Increasing cost effectiveness of endoscopic procedures in terms of duration of stay at hospitals and post and pre operation care costs is further expected to fuel market demand. Furthermore, increasing number of technological advancements in visualization systems such as evolution of large handheld endoscopic cameras into thin single chip ultra fine cameras and production of 360O 3D images as compared to the older two dimensional imaging cameras have remodeled the global medical video and imaging market.
The geographical analysis for medical videoscope market divides it into North America, Europe, Asia-Pacific and Latin America and MEA. North America accounts for largest share for revenue for 2014 and Asia Pacific is expected to grow at significant rate in the next seven years. This expected growth is attributed for by the increasing number surgeries and procedures employing vedioscopy and introduction of high resolution technologies high definition 3D technology. Various other factors which are driving the growth of medical videoscope market are growing median age of the population as well as growing incidences of ophthalmic, orthopedic and gastrointestinal diseases as well as cancer. The growing application of endoscopic technology being used for the treatment of major disorders like gastroesophageal reflux disorder (GERD), cancer and obesity is also expected to fuel market demand through to 2022. The key participants in the global medical videoscope market include Welch Allyn, Inc., Olympus Corporation, Plc ConMed Corporation, KARL STORZ GmbH & Co., KG Fujifilm Holding Corporation, Richard Wolf GmbH, ConMed Corporation, Welch Allyn, Inc., Stryker Corporation, Hoya Corporation, Smith and Nephew PLC and XION GmbH.
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