(PharmaNewsWire.Com, June 11, 2019 ) Global Video and Visualization Endoscopy Market is projected to grow at a CAGR of 5.76% during the forecast period 2019 to 2025. Increased awareness among the customers towards the better imaging and sensing of their body tissues and internal organs in very high definition are driving the demand for video and visualization endoscopies. In addition, an increase in the number of minimally invasive surgeries with accuracy owing to fewer cuts and scares are also boosting the market size.
Presence of large companies operating in this market may incur growth opportunities through technological advancements and the launch of new products. The companies are collaborating with various distributors and dealers to expand their product line into the market. Discharge of battery, unavailability of power backup, and changes in technology used are restraining the market growth.
Type segmentation: Displays and monitors market accounted for major share and projected at a CAGR of Xx% during the forecast period 2019 to 2025.
Increase in endoscopy treatments leads to the necessity of more number of displays and monitors for better visualization and imaging purposes. Rise in ageing population coupled with the increases in gastrointestinal disorders, arthritis, and increase in colon cancer cases are driving the demand for displays and monitors. Technological advancements, the launch of innovative products, and increased R&D efforts on the development of hybrid endoscope devices are fuelling the market.
Joint ventures and distribution agreements among the key players for distribution and product development activities are could be opportunities in boosting the market size.
Further, video and visualization market based on type is segmented into endoscopy cameras, video convertors, video recorders, video processors, camera heads, light sources, and printers.
Regional Analysis: North America video and visualization market holds the major share among the other regions. Increase in healthcare spending of the governments have been increased to a great extent and approval of medical insurance and reimbursement for various diseases treated by endoscopies are driving the demand.
Addition, the launch of new products with extended battery life, WI-FI connectivity and other enhanced features could be opportunities for key manufacturers accelerating the market growth.
Increased investments in establishments of new hospitals and clinical centres could incur growth opportunities for video and visualization endoscope market. Increase in customer preferences towards the minimally invasive surgeries, less recovery time, and immediate results are boosting the video and visualization market demand.
Further, regional analysis is analysed for countries across the Asia Pacific, Europe, South & Central America, and Middle East & Africa.
Competitive Landscape: Key players operating in video and visualization endoscopes market are Olympus Corporation, Karl Storz GmbH & Co KG., B. Braun Melsungen AG, Stryker Corporation, and Boston Scientific Corporation, Ethicon, Inc. (Johnson & Johnson), Fujifilm Holding Corporation, Medtronic PLC, PENTAX Medical (Hoya Corporation), and Smith & Nephew PLC among others.
Increased investments, mergers and acquisitions, new product launches are the key strategies adopted by the key players in the market to withstand in market position.
On March 2018, Cantel Medical Corp. acquired Aexis Medical BVBA. On February 2019, Trice Medical acquired Endoscopic Carpal Tunnel Release startup.
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