Global Medical Videoscope Market - 2024-2031

Global Medical Videoscope Market - 2024-2031

Global Medical Videoscope market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

Medical videoscopes are thin, long tools used for inside body examination. They are implanted by a tiny incision or a naturally occurring aperture. The healthcare professional may view the inside of the body without making a significant incision thanks to a camera at the tip of the videoscope that transmits images to a display.

Healthcare professionals view the body without making a huge incision due to to medical videoscopes, which are an invaluable tool. This may result in less intrusive therapy, quicker diagnosis and quicker patient recoveries.

Market Dynamics: Drivers & Restraints

Increasing advanced product launches

New features and functionalities are frequently added to medical videoscopes, which are always changing. Numerous medical specialties, such as urology, gynecology, neurology, and cardiology, are discovering new uses for medical videoscopes. The introduction of cutting-edge items is anticipated to boost demand for market expansion.

For instance, in April 2023, Verathon launched the GlideScope Spectrum QC with QuickConnect technology. This new, extensive portfolio of single-use video laryngoscopes features a unique, magnetic connector coupled with image quality enhancements to support fast, effective airway management.

Additionally, in April 2022, OMNIVISION launched new laryngoscope reference designs that include a range of OMNIVISION products that help improve patient care by providing crisp, clear images for single-use video laryngoscopes.

Stringent regulatory approvals

Strict licensing and approval procedures can impede the adoption of innovative technology and drive up production costs for enterprises. This may hinder creativity and restrict new companies' entry into the market. Before gaining regulatory clearance, new and inventive videoscopes must pass stringent testing and clinical studies to guarantee their efficacy and safety.

Segment Analysisn

The global medical videoscope market is segmented based on type, product, application and region.

The flexible videoscope segment is expected to dominate the market share

Flexible medical videoscopes are long, thin devices with a camera on the tip that sends live images to a monitor. Because they are flexible, they can fit through small openings and complex anatomical routes in the body, providing minimally invasive access for diagnosis and therapy. These adaptable instruments are useful in many different medical specializations, which makes them priceless resources in contemporary healthcare.

For instance, in March 2023, Inventis launched Video-scope, Inventis’ new system for performing VideoNystagmoScopy (VNS) exams, which are usually the first tests performed by ENTs on patients with dizziness. Thus, the above factors are expected to hold the segment in the dominant position in the market share during the forecast period.

Geographical Analysis

North America is expected to hold a significant position in the medical videoscope market share

North America is expected to hold the dominant position in the market share owing to the increased adoption of advanced devices, increasing strategies by the key players, and novel product launches, highly developed healthcare infrastructure.

For instance, in June 2023, Teleflex Incorporated partnered with Shenzhen Insighters Medical Technology Co., Ltd. as the exclusive U.S. distributor of the Insighters video laryngoscope system that is designed to inspect the upper glottic airway and facilitate endotracheal intubation.

Additionally, the increase in the incidence of cancer is also expected to drive the market growth in the region. For instance, according to the American Cancer Society in 2023, there are around 12,470 new cases of laryngeal cancer (9,990 in men and 2,480 in women) in the United States. About 60% of laryngeal cancers start in the glottis (the area containing the vocal cords), while about 35% develop in the supraglottic area (above the vocal cords). Thus, the above factors are expected to hold the region in the dominant position.

COVID-19 Impact Analysis

Many unnecessary medical procedures that include medical videoscopes are canceled or postponed during the pandemic's peak to prioritize emergency care and save money. As a result, sales and market demand went down. There were shortages and delays in getting some equipment as a result of travel restrictions and worldwide lockdowns that impacted the supply chains for medical devices, including videoscopes. Thus, COVID-19 has shown a negative impact on market growth.

Market Segmentation

By Type
• Rigid
• Flexible

By Product
• Bronchoscopes
• Cystoscopes
• Colonoscopes
• Gastroscopes
• Arthroscopes
• Others

By Application
• Laparoscopy
• Gastrointestinal (GI) Endoscopy
• Laryngoscopy
• Arthroscopy
• Gynecology
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Clarus Medical, Ambu, ATMOS MedizinTechnik GmbH & Co. KG, Karl Storz, Olympus Corporation, Shanghai Aohua Photoelectricity Endoscope Co., Ltd., BPL Medical Technologies, PENTAX Medical, Steris plc, and Apple BioMedical Inc. among others.

Why Purchase the Report?
• To visualize the global medical videoscope market segmentation based on type, product, application and region as well as understand key commercial assets and players.
• identify commercial opportunities by analyzing trends and co-development.
• excel data sheet with numerous data points of the medical videoscope market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global medical videoscope market report would provide approximately 53 tables, 49 figures and 182 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies