Global Endoscopy Visualization Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Endoscopy Visualization Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Endoscopy Visualization System is a device used to examine the internal organ structure of the human body. Endoscopy Visualization Systems can provide high-definition visualization of endoscopic images, enabling surgeons to see tissues and anatomy that are indistinguishable from traditional surgical views without having to make incisions large enough to allow the surgeon's hand to enter the surgical field. Therefore, it is mainly used as an auxiliary tool in the medical field. Endoscopy Visualization Systems include a camera, a monitor, a light source and a display, etc.

Market Overview:

The latest research study on the global Endoscopy Visualization Systems market finds that the global Endoscopy Visualization Systems market reached a value of USD 20508.64 million in 2022. It’s expected that the market will achieve USD 32271.5 million by 2028, exhibiting a CAGR of 7.85% during the forecast period.

The aging population drives the development of endoscopic visualization systems

Endoscopic visualization systems are used to visualize and interpret endoscopic images in high definition for all endoscopic procedures, which are often used in surgical practice for diagnostic and therapeutic applications. As the global aging trend intensifies, the size of the elderly population increases, and the incidence of various diseases increases, which will drive the demand for endoscopic visualization.

According to the World Health Organization, people around the world are living longer, and the size and proportion of the elderly population are growing in every country. By 2030, 1 in 6 people in the world will be 60 years or older. By then, the proportion of people aged 60 and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world's population aged 60 and over will double (2.1 billion). The number of people aged 80 or over is expected to triple to 426 million between 2020 and 2050. With the deepening of aging and the increase in the number of elderly people, the incidence of joint diseases, respiratory diseases, digestive tract diseases, and urinary system diseases has risen or remained at a high level. For example, digestive tract cancer has a high incidence and a large patient base, but early screening has a high cure rate. For digestive tract cancer, the development process is slow, the early screening window period is long, and the feasibility is strong, the earlier the detection and the earlier the diagnosis and treatment. Increasing endoscopic screening and treatment can effectively improve survival rates, and the demand for endoscopic visualization systems in corresponding fields will increase accordingly.

The increase in the penetration rate of minimally invasive surgery drives the growth of the endoscopic visualization system industry

With the rapid development of modern medical science and technology, the advancement of imaging, computer, material science, electronics, and other related technologies, and the improvement of doctors' surgical level, minimally invasive surgical technology will replace more traditional surgery, among which the application of endoscope visualization system of great significance.

Minimally invasive surgery refers to medical procedures performed using minimal or no trauma, covering three separate sub-areas of minimally invasive surgery (MIS), minimally invasive procedures (MIP), and other minimally invasive procedures. Among them, MIS mainly includes laparoscopy, thoracoscopy, hysteroscopy, and arthroscopy, and is widely used in five operating departments of general surgery, obstetrics and gynecology, urology, thoracic surgery, and orthopedics. Compared with the more traumatic traditional open surgery, MIS has many advantages, such as less trauma, less corresponding pain, less scarring, fewer complications, less risk of infection, and shorter hospitalization and recovery time. Favored by more and more doctors and patients. The understanding and acceptance of MIS by hospital managers and doctors have also changed, gradually rising from new technology to the concept of disciplinary diagnosis and treatment, and taking the development of MIS as one of the core competitiveness of the hospital. The endoscopic visualization system facilitates better implementation of minimally invasive surgery. The endoscopic visualization system provides magnified and high-definition endoscopic images, making it easier to visualize and accurately classify flat and small polyposis lesions, making treatment more variable. easy, and help save on health care costs and drive upgrades in endoscope handling equipment.

Technological progress, product innovation

The endoscope visualization system is a multidisciplinary system integrating optics, ergonomics, precision instruments, modern electronics, mathematics, software, and other technologies. With the development of science and technology, companies in the industry are committed to product development and innovation, applying cutting-edge technologies in this field to broaden the application fields and improve the business efficiency of medical institutions. For example, the head company Olympus, combined with Sony's most advanced digital imaging technology, provides excellent image quality for more focus, developed narrow-band imaging technology to enhance the observation of mucosal tissue, and the improved version provides twice as much wide viewing distance and brighter; bifocal two-stage optical lens technology allows physicians to switch from normal focus mode to near focus mode at the touch of a button for careful examination of mucosal tissue and capillary networks, and can select the desired depth of field to obtain High-quality images; the pre-freeze function captures clear images the first time, improving the sharpness and clarity of still image capture. Product innovations and upgrades in endoscopic visualization will improve the quality of endoscopic surgery and help improve the efficiency of operating rooms, thereby improving the standard of medical care and advancing the medical industry.

Region Overview:

In 2021, the share of the Endoscopy Visualization Systems market in North America stood at 40.34%.

Company Overview:

Olympus, KARL STORZ, Stryker were the top 3 players in the Endoscopy Visualization Systems market in 2022, taking up a market share of 44.59% together.

Segmentation Overview:

By type, HD and FHD Resolution segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Hospitals segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Endoscopy Visualization Systems market covered in Chapter 3:

DePuy Synthes
MedicalTek
KARL STORZ
Smith and Nephew
Arthrex
Olympus
NDS Surgical Imaging
Fujifilm Holding
Richard Wolf
Stryker
Boston Scientific
Hoya
CONMED

In Chapter 4 and Chapter 14.2, on the basis of types, the Endoscopy Visualization Systems market from 2018 to 2029 is primarily split into:

4K Resolution
HD and FHD Resolution
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Endoscopy Visualization Systems market from 2018 to 2029 covers:

Hospitals
Ambulatory Surgery Centers
Specialty Clinics
Diagnostic Imaging Centers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)