Global Medical Videoscope Market is valued at approximately USD 27,209 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.1 % over the forecast period 2021-2027. Medical Videoscope is an illuminated optical instrument used to screen and execute diagnostic interventions inside hollow cavities and visceral organs of the body, such as the brain, esophagus, lungs, abdomen, gastrointestinal (GI) tract, and others. Growing aging population, rising prevalence incidence of diseases has led to the adoption of Medical Videoscope across the forecast period.
For Instance: as per the United Nations in 2019, there were 703 million persons aged 65 years or over in the global population. This number is projected to double to 1.5 billion in 2050. Globally, the share of the population aged 65 years or over increased from 6 per cent in 1990 to 9 per cent in 2019. Also, with the increased patient preference for minimally invasive surgeries, the adoption & demand for Medical Videoscope is likely to increase the market growth during the forecast period. However, high cost of endoscopic procedures impedes the growth of the market over the forecast period of 2021-2027.
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The key regions considered for the global Medical Videoscope market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the increasing number of endoscopic surgeries; the improving endoscopic infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rapid rise in the number of elderly people and improving healthcare infrastructure would create lucrative growth prospects for the Medical Videoscope market across Asia-Pacific region.
Major market players included in this report are:
XION GmbH (Germany)
Olympus Corporation (Japan)
Stryker Corporation (U.S.)
KARL STORZ GmbH & Co. KG (Germany)
Fujifilm Holding Corporation (Japan)
Hoya Corporation (Pentax Medical System) (Japan)
Richard Wolf GmbH (Germany)
Smith and Nephew, Plc (U.K.)
ConMed Corporation (U.S.)
Welch Allyn, Inc. (U.S.)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
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Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Videoscopes
Visualization Systems
By Application:
Laparoscopy
Gastrointestinal
Arthroscopy
Obstetrics/Gynecology
Urology Endoscopy (Cystoscopy)
Bronchoscopy
Mediastinoscopy
Others
By Region:
North America
U.S.
Canada
Europe
UK
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Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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