What is Medical Videoscope Market?
Medical video scope has a huge market over the globe owing to their broad application fields as well as their versatility in terms of specification of instruments, which fits in with the different conditions of different procedures. A medical video scope is an optical medicinal device that serves to screen and execute diagnostic interventions inside the hollow cavities and visceral organ of the body, including the gastrointestinal tract, brain, lungs, and many more. The demand for the medical video scope in the market is booming due to the ailments such as abdominal pain, ulcers, and others. The demand for endoscopy has significantly increased due to the growing number of minimally invasive surgeries across the globe.
The market study is being classified by Type (Video Endoscopes (Rigid Video scopes, Flexible Video scopes) and Visualization Systems), by Application (Laparoscopy, Gastrointestinal (GI) Endoscopy, Arthroscopy, Obstetrics/Gynecology and Urology Endoscopy (Cystoscopy)) and major geographies with country level break-up.
Olympus Corporation (Japan), Stryker Corporation (United States), Karl Storz GMBH & Co.KG (Germany), Fujifilm Holding Corporation (Japan), Hoya Corporation (Pentax Medical), Richard Wolf GMBH (Germany), Smith & Nephew PLC (United Kingdom), Conmed Corporation (United States), Welch Allyn, Inc. (United States) and XION GMBH(Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cook Medical Incorporated (United States), Advanced Sterilization Products Services Inc. (United States), STERIS Corporation (United States), Siemens Healthcare (Germany) and US Endoscopy Group (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States and Germany Players will contribute to the maximum growth of Global Medical Videoscope market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Medical Videoscope market by Type, Application and Region.
On the basis of geography, the market of Medical Videoscope has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The growing preference for minimally invasive surgeries across the globe
- The rapidly rising number of elderly people
- The increasing number of the incidence/procedure required endoscopy procedure
In April 2020 Olympus launches EVIS X1, the most advanced endoscopy system, the new system is developed aiming to improve outcomes from disorders of the stomach, colon, and oesophagus, as well as from bronchial diseases, The launch of EVIS X1 further strengthens Olympusí leadership in endoscopy and continued medical focus.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Medical Videoscope Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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