Endoscopy Visualization Systems Market Size Estimated to Reach $33.8 Billion By 2028 | CAGR: 6.9% : PMR
NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The global endoscopy visualization systems market size is expected to reach USD 33.89 billion by 2028. according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR of : 6.9% from 2021-2028. A rise in endoscopic procedures resulted in huge demand for minimally invasive procedures, thereby will drive significant growth for the global market. The increasing ageing population across the globe is turning into the major booster for the market progress old age people have a higher risk of developing urology, gastrointestinal, and gynecology disorders. Several advantages of endoscopy compared to open surgeries, favorable reimbursement policies, and major cost savings are some other factors complementing the market growth.
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Key Highlights of Endoscopy Visualization Systems Market
- Based on the product, the endoscopic visualization systems segment led the global market and generated the largest revenue share, owing to major technological advancements improving imaging capabilities. Leading players are emphasizing the integration of next-generation endoscopy visualization systems, positively influencing the segment's growth.
- By resolution type, the 4K segment accounted for the majority of the market share and is expected to dominate the market during the forecast period. Monitors equipped with 4K resolution come with a higher degree of color reproducibility and provides a closer view without spotting the individual pixels.
- FUJIFILM Medical Systems U.S.A., Inc., a global provider of endosurgical and endoscopic imaging technology has officially announced the commercial launch of the ELUXEO® 7000X System. This is backed by the latest video imaging technology that provides real-time visualization of StO2 levels in tissue using endoluminal and/or laparoscopic imaging.
- Endoscopy procedures are used in the diagnosis and treatment of colorectal cancer (CRC). CRC was diagnosed in around 1.9 million people globally, and the numbers are expected to reach 2.2 million cases per year by 2030. This increase in cancer cases will increase the need for endoscopy procedures.
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Regional Developments
North America is projected to dominate the endoscopy visualization systems market over the forecast period. The market growth in this region is attributed to the increasing preference for minimally invasive surgeries and the rise in demand for advanced diagnostic tools. Growing awareness among the healthcare community coupled with the availability of sophisticated healthcare infrastructure is further strengthening the market in this region. On the other side, the regional market in the Asia Pacific is anticipated to witness rapid growth, owing to the increasing geriatric population in densely populated economies such as India and China.
Competitive Outlook
The endoscopy visualization systems market is majorly led by some of the key manufacturers and dominating the market based on advancements in the product offerings at competitive market prices. The research and development initiatives are playing a vital role in the overall growth of the market. Market participants are investing on large scale for upgrading the systems and focusing more on the advertising campaigns.
Target Audience
- Supply Side: Surgical and Medical Instrument Company
- Demand Side: Hospital, Clinic, Research Laboratories
- Regulatory Side: World Health Organization
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Polaris market research has segmented the endoscopy visualization systems market report on the basis of product, resolution type, and region:
Endoscopy Visualization Systems, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Endoscopic Visualization Systems
- Standard Definition (SD)
- 2D systems
- 3D systems
- High Definition (HD)
- 2D systems
- 3D systems
- Endoscopy Visualization Components
- Camera Heads
- Insufflators
- Light Sources
- High-Definition Monitors
- Suction Pumps
- Video Processors
Endoscopy Visualization Systems, Resolution Type Outlook (Revenue – USD Million, 2016 – 2028)
- 4K
- UHD Resolution
- DCI Resolution
- FHD Resolution
Endoscopy Visualization Systems, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Austria
- Netherlands
- Asia Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- South Korea
- Latin America
- Brazil
- Argentina
- Mexico
- Middle East & Africa
- Israel
- Saudi Arabia
- South Africa
- UAE
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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SOURCE Polaris Market Research
