Endoscopy Cameras - Market Insights, Competitive Landscape and Market Forecast-2027

Endoscopy Cameras - Market Insights, Competitive Landscape and Market Forecast-2027

Endoscopy Cameras Market By Sensor Type (Complementary Metal Oxide Semiconductor [Cmos] And Charge-Coupled Device [Ccd]), By Application Type (Gastroenterology, Urologyy, Gynecology, Cardiology, Ent Surgery, And Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, And Others), by geography is expected to grow at a steady CAGR forecast till 2027 owing to increased prevalence of chronic diseases which require endoscopy cameras for diagnosis and visualization of the disorder and increased demand of minimally invasive surgeries across the globe

Global endoscopy cameras market is estimated to grow at a CAGR of 5.63% during the forecast period from 2022 to 2027. The increase in demand for endoscopy cameras is primarily attributed to the increasing prevalence of chronic disease which require the use of endoscopy cameras for diagnosis and visualization of some disorders, such as some gastrointestinal diseases like irritable bowel syndrome (IBD), gastroesophageal reflux disease (GERD), peptic ulcer disease, and Crohn's disease, increase in number of geriatric population who are more prone to chronic ailments, increasing awareness and demand of minimally invasive surgeries, and rise in technological advancements in endoscopy cameras like image magnification, high-definition optical systems and digital imaging are anticipated to bolster the market, thereby contributing to the growth of the endoscopy cameras market during the forecast period from 2022-2027.

Endoscopy Cameras Market Dynamics:

The endoscopy cameras market is witnessing a growth in product demand owing to various reasons. The increasing use of endoscopy cameras in various applications is anticipated to bolster the market for endoscopy cameras during the forecasted period.

For instance, endoscopy cameras had found their use in various areas of application attributed to increasing prevalence of chronic disorders like IBD, gastroesophageal reflux disease (GERD), peptic ulcer disease, and Crohn's disease due to environmental pollution, smoking, unhealthy lifestyles, poor nutrition and diet, and high intake of carcinogenic substances.

Additionally, according to Centers for Disease Control and Prevention (CDC) 2021, it was estimated that the number of adults with diagnosed gastrointestinal ulcers was 14.8 million globally in the year 2020. Gastrointestinal ulcers includes peptic ulcers, esophageal ulcer, ulcerative colitis and many more. According to American Cancer Society 2022, it was estimated that globally about 20,640 new esophageal cancer cases were diagnosed with 16,510 cases amongst men and 4,130 among women in past year. The diagnosis and visualization of esophageal cancer is done by upper endoscopy which is attached to camera head. The camera provides an image of the internal structure of the body. The prevalence of esophageal cancer is higher, owing to increase in the number of endoscopic procedures which are attached to the endoscopy camera, ultimately propelling the market of endoscopy cameras in the forecast period of 2022 – 2027.

Another factor which will affect the market in the year 2022 – 2027 is the increasing number of geriatric population. According to WHO 2019, in the year 2019, globally, the number of people aged 60 years and older were 1 billion. This number is expected to increase to 1.4 billion by 2030 and 2.1 billion by 2050 globally. This increase is occurring at an unprecedented pace and is expected to accelerate in coming decades, particularly in developing countries. The possibility of having a chronic disorder or cancer is higher in the older age, so as the number of geriatric population is increasing, this will increase the probability of increasing prevalence of a chronic ailment in geriatric population. This will lead to an increase in the endoscopic procedures used to diagnose and visualize the disorder. These endoscopes are attached to endoscopies camera which provide a three dimensional images and high-definition images to the physicians. Thus, the increasing endoscopic procedures will propel the demand of endoscopic camera in the market, thereby owing to increase the overall market growth of the endoscopy camera.

Also, the increasing awareness of endoscopy devices and demand of minimally invasive surgery among the people will bolster the market of endoscopy cameras.

However, problems in handling of the advanced endoscopy cameras, less knowledge about operating the endoscopy cameras in rural or under-developing area and high cost of new and advanced generation instruments may act as limiting factors for the endoscopy cameras market growth.

The ongoing COVID-19 pandemic has slightly impacted the market for endoscopy cameras. At the onset of the disease, there was a significant shortage, attributed to the imposition of stringent lockdowns to curb the spread of the virus. Hospital admissions for patients suffering from cancers and other chronic disorders were not a priority in comparison to the patients suffering from coronavirus. The production of a majority of medical devices was shut down. Furthermore, surgeries were temporarily stopped during the pandemic. To reduce the COVID-19 transmission risk, endoscopy centers have postponed and canceled the semi-urgent and elective cases. However, with masses being vaccinated, the endoscopy cameras market has picked momentum.

Endoscopy Cameras Market Segment Analysis:

Endoscopy Cameras by Sensor Type (Complementary Metal Oxide Semiconductor [CMOS] and Charge-Coupled Device [CCD]), by Application Type (Gastroenterology, Urology, Gynecology, Cardiology, ENT Surgery, and Others), by End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others) and by Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the Application Type segment of the Endoscopy Cameras market, the gastroenterology is estimated to hold a significant share in the endoscopy cameras market in the year 2021. This can be ascribed to the various advantages associated with the category.

The demand for gastroenterology is expected to increase during the forecast period. This is owing to the rising prevalence of chronic disease such as inflammatory bowel disease (IBD), which is a group of disorder accompanied with chronic inflammation – pain and swelling – in intestine. IBD includes Crohn’s disease and ulcerative colitis. According to Centers for Disease Control and Prevention (CDC) in 2021, a study concluded that the prevalence of IBD increased from 2001 to 2018 among all race and ethnicity groups, with a higher increase rate among non-Hispanic Black adults. It is estimated that the prevalence of IBD among the United States population will rise to around 3.5 million by 2030, leading to increase in the demand of procedures that involves endoscopy cameras for visualization of internal images, accounting for market growth of endoscopy cameras.

Further, according to Crohn’s and Colitis Canada, 300,000 Canadians are suffering from IBD. By 2030, the number of Canadians with IBD is expected to rise to 400,000 (approximately 1% of the population). People with age 65 years or above are calculated as the fastest growing group of Canadians with IBD. As per the same source, there are over 7,000 Canadian children - under age 18 - living with Crohn’s or colitis. The prevalence of the above disorders can be controlled by encouraging and implementing the early diagnosis of these chronic disorders using endoscopes. All of the endoscopes are equipped with a camera head which is responsible for giving a high-resolution and defined internal images. The increasing number of endoscopic procedures will increase the demand of endoscopy cameras across the healthcare industry, thereby bolstering the market of endoscopy cameras.

Thus, owing to the wide application circle of gastroenterology, there will be an increase in the demand for gastroenterology, which in turn will drive the endoscopy cameras market growth.

North America is expected to dominate the overall Endoscopy Cameras Market:

Among all the regions, North America is expected to account for the largest share in the global endoscopy cameras market. Growing incidence of chronic diseases such as cancer, kidney disease, Crohn’s disease, improved healthcare expenditure, and the high geriatric population will increase the demand for endoscopy cameras in North America, leading to a rise in the overall endoscopy cameras market growth. Further, the increasing demand and awareness of minimally invasive surgeries among the region will bolster the overall market of endoscopy camera in the forecast period of 2022 – 2027.

For instance, as per the National Cancer Institute 2020, an estimated number of 1,806,590 new cases of cancer were diagnosed in the United States and about 606,520 patients had died from the disease. Also, as per the American Cancer Society 2020, 1.9 million new cancer cases were diagnosed in the year 2020. Moreover, according to CDC 2021, the number of adults in the United States with diagnosed digestive ulcers were 14.8 million in the year 2020 – 2021.

Further, according to American Cancer Society's publication, Cancer Facts & Figures 2022, it had been estimated that 20,640 adults in the United States were diagnosed with esophageal cancer in the year 2020. As the prevalence of cancers and digestive cancers and other GIT ailments like GERD, peptic ulcer and esophageal ulcer is increasing in the region, it will increase the demand of endoscopic procedures in the diagnostic and visualization field. The visualization of the disorder is done the cameras that are attached to the endoscopes. Thus, the increasing number of endoscopic procedures will increase demand of endoscopy cameras, thereby propelling the market of endoscopy cameras in the North America.

Another driving factor for endoscopy camera market will be the increasing number of geriatric population. According to Government of Canada 2021, by the year 2030 seniors are expected to reach over 9.5 million and make up 23% of Canadians. Moreover, as per the same source, by 2036, the average life expectancy at birth for women will rise to 86.2 years from the current 84.2 and to 82.9 years from the current 80 for men. Geriatric patients are more susceptible to cancer and chronic ailments owing to the increased diagnosis rate of these disorders. As the number of geriatric people is expected to increase in the forecast period a rise in demand of endoscopic procedures in the market. The endoscopes are attached with camera head which are used to give an image on the internal structure of a body part. The increase in demand of endoscopic procedures will rise the market of endoscopy cameras. Henceforth, increasing the overall market growth of the endoscopy cameras in the forecast period in the region.

Thus, all the above-mentioned factors are anticipated to propel the market for endoscopy cameras in the North America.

Endoscopy Cameras Market Key Players:

Some of the key market players operating in the endoscopy cameras market include Olympus Corporation, Stryker, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, SCHÖLLY FIBEROPTIC GMBH, Gimmi GmbH, B. Braun Melsungen AG, KARL STORZ, Xuzhou AKX Electronic Science And Technology Co., Ltd., MEDIT INC, Richard Wolf GmbH, OMNIVISION., Scoutcam., Electronics Services Centre (ESC Medicams)., HT Global Industries Limited, American Medical Endoscopy, FUJIFILM Asia Pacific Pte. Ltd., COMEG Medical Technologies, XION, WISAP Medical Technology GmbH, Maxer Endoscopy GmbH, among others.

Recent Developmental Activities in the Endoscopy Cameras Market:

• In March 2022, Endoluxe, provides portable, wireless, integrated mobile endoscopy solutions for endoscopic procedures, launched its high-definition, wireless endoscopic camera with TowerTech. It is used for different endoscopic procedures such as, urology, gynecology, ENT, general surgery and orthopedics.
• In November 2021, OmniVision Technologies Inc., a developer of advanced digital imaging solutions, and Diaspective Vision GmbH, developer of high quality hyperspectral and multispectral camera systems for medical applications, announced the partnership in the development of a new type of endoscopic camera, the Malyna system, which is based on proprietary multispectral imaging technology. The system provides indocyanine green (ICG) based perfusion visualization. It also serves as a platform to adapt to further algorithms for quantified perfusion and tissue categorization without the need of color agent injection.
• In July 2021, OSRAM, a global leader in optical solutions, announced the expansion of its NanEye portfolio with the NanEyeM camera module for single-use medical endoscopy. It offers a high resolution pictures. The small dimensions of 1.0 mm x 1.0 mm x 2.7 mm allow the module to be used in the smallest of areas.

Key Takeaways from the Endoscopy Cameras Market Report Study

• Market size analysis for current endoscopy cameras market size (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the endoscopy cameras market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the global endoscopy cameras market.
• Various opportunities available for the other competitor in the endoscopy cameras market space.
• What are the top performing segments in 2021? How these segments will perform in 2027.
• Which is the top-performing regions and countries in the current endoscopy cameras market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for endoscopy cameras market growth in the coming future?

Target Audience who can be benefited from this Endoscopy Cameras Market Report Study

• Endoscopy cameras products providers
• Research organizations and consulting companies
• Endoscopy cameras-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in endoscopy cameras
• Various End-users who want to know more about the endoscopy cameras market and latest technological developments in the endoscopy cameras market.

Frequently Asked Questions for Endoscopy Cameras Market:

1. What are Endoscopy Cameras?

An endoscope is a long, thin, flexible tube that has a light and camera at one end. It is used to visualise the internal structure of the body. Endoscopy camera is a visualization system which helps in viewing the internal body parts. Endoscopy camera provides HD image of the body which is transferred to the screen for viewing the image.

2. What is the market for Global Endoscopy Cameras?

Global endoscopy cameras market is estimated to grow at a CAGR of 5.63% during the forecast period from 2022 to 2027.

3. What are the drivers for the Global Endoscopy Cameras Market?

The endoscopy cameras market is witnessing a positive market growth owing to the increasing prevalence of chronic diseases such as irritable bowel syndrome (IBD), gastroesophageal reflux disease (GERD), and others and increase in the number of geriatric population which are more prone to chronic ailments will propel the demand of endoscopy camera in the market. Further, the increasing awareness and demand of minimally invasive surgeries and rise in technological advancements like image magnification, high-definition optical systems and digital imaging in endoscopy cameras across the world are anticipated to bolster the market.

4. Who are the key players operating in the Global Endoscopy Cameras Market?

Some of the key market players operating in the Endoscopy Cameras market include Olympus Corporation, Stryker, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, SCHÖLLY FIBEROPTIC GMBH, Gimmi GmbH, B. Braun Melsungen AG, KARL STORZ, Xuzhou AKX Electronic Science And Technology Co., Ltd., MEDIT INC, Richard Wolf GmbH, OMNIVISION., Scoutcam., Electronics Services Centre (ESC Medicams)., HT Global Industries Limited, American Medical Endoscopy, FUJIFILM Asia Pacific Pte. Ltd., COMEG Medical Technologies, XION, WISAP Medical Technology GmbH, Maxer Endoscopy GmbH and others.

5. Which region has the highest share in Endoscopy Cameras Market?

North America is expected to hold the highest share in the revenue in the endoscopy cameras market during the forecast period. Growing incidence of chronic diseases such as cancer, kidney disease, crohn’s disease, improved healthcare expenditure, and the high geriatric population will increase the demand for endoscopy cameras in North America, leading to a rise in the overall Endoscopy Cameras market growth in this region.

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