Global Endoscopy Cameras Market Growth at CAGR of 6.20%, 2019-2025

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Global Endoscopy Cameras Market is poised to report 6.20% during the forecast period 2019 to 2025. Increase in utilisation of high definition camera technology owing for better visualization of human tissues and growing patient preferences towards the minimal abrasive surgeries are driving the growth of endoscopy cameras market. In addition, an increase in therapeutic diseases such as cancer, gastrointestinal diseases, and others; government’s initiatives to awareness among the customers are also fueling the market growth.

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Growth in number of hospitals, clinical centres, diagnostics centres, and others coupled with the increased investments are the key opportunities for endoscopy cameras market growth. Technological advancements such as lightweight, waterproof and others are witnessed to fuel the market size.

However, high cost incurred for the endoscopic cameras and high treatment costs is restraining the market growth.

By type segmentation, SD market is the major segment in global endoscopy cameras market:

Based on types of endoscope cameras, SD leads the market accounting for major share during the forecast period 2019 to 2025.

Factors such as efficient cost and increasing diseases diagnosis such as colon cancer, stomach ulcers and other gastrointestinal disorders are driving the demand. Technical advancements and launch of new products such as capsule endoscopes with extended battery life and WI-FI connectivity are fuelling the market growth. Cost efficient of standard definition (SD) cameras when compared to high definition (HD) cameras are propelling the market size.

High maintenance and procurement cost of endoscopy cameras are restraining market growth. Less resolution of the standard definition (SD) cameras, when compared with high definition (HD) cameras, are limiting the market size. Further, endoscope camera market is segmented into high standard (HD) camera.

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Among the end-user industries, hospitals lead the global endoscopy cameras market:

Availability of skilled medical professionals and an increased number of surgeries are driving the demand. Approval of medical insurance across hospitals for some treatments is witnessed to boost the market growth. Acceleration in surgical procedures and usage of endoscopic cameras before the surgery for accurate and precision treatment of diseases are driving the demand.

Government initiatives to create awareness among the customers regarding endoscopy treatments and an increase in investments of governments to safeguard the health of the public are fuelling the market size.

Lack of awareness and unavailability of resources such as nurses and surgeons are limiting the market growth. Further, the endoscopy cameras market is segmented into clinical centres and others.

Regional Analysis:

North America endoscopy cameras market accounting for major share during the forecast period 2019 to 2025.

Increase in medical cases such as breast cancer, gastrointestinal disorders, and colon cancers are driving the demand. The growing incidences of several pulmonary disorders such as COPD, asthma, acute bronchitis, lung cancer, and other related respiratory disorders expected to have positive impact leading to the growth of endoscopy cameras. Technical advancements, increased investments on R&D efforts and launch of new products are boosting the market size. Rising demand for minimally invasive surgeries owing to fewer cuts, scars, and less recovery time is also accelerating the market growth.

Further, regional analysis of global endoscopy cameras market is analysed for countries across the Asia Pacific, Europe, South & Central America, and Middle East & Africa.

Competitive Landscape:

Key players operating in the endoscopy cameras 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.

Development of new products with advanced technologies and new product launches to enhance their product lines are the key strategies adopted by key players in the market.

On June 2018, Omni Vision and Myriad Fiber launched endoscopic surgery tools with a built-in camera.

On May 2018, Olympus launched its product ENF-VT3, the world’s first Rhino-Laryngo Video scope to incorporate 4-direction angulation capability.

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On June 2018, CapsoVision signed a distribution partnership agreement with PENTAX Medical to sell its Endoscopy Cameras solutions CapsoCam Plus and CapsoCloud across the US.

On June 2018, Stratis Medical, Inc., signed a distribution partnership agreement with IntroMedic Co., Ltd., to sell their products MiroCam Endoscopy Cameras System in the United States.

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