Categories
Pharmaceutical

Global Market for Medical Videoscopes is expected to top US$ 30 Bn by 2031

As per a new report published by Fact.MR – a market research and competitive intelligence provider, the global market for medical videoscopes was estimated at US$ 22 Bn in 2020, and is expected to top US$ 30 Bn by 2031.

Medical videoscopes see huge demand across the globe owing to their wide application areas as well as flexibility in terms of specification of instruments, which fits in with the various requirements of different procedures.

The market has seen an extraordinary amount of technological advancements and breakthroughs in the last few years, as companies have focused on developing products capable of reducing pain, curtailing the number of sick days, and reducing the overall cost of treatment.

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Key Takeaways from Market Study

  • Key factors driving demand for medical videoscopes are rise in patient inclination towards non-invasive surgical procedures and technological advancements in the field of endoscopy.
  • North America holds close to 30% global market share for medical videoscopes.
  • Huge population base and the governments’ increased expenditure on public health are driving demand for medical videoscopes in Asia Pacific.
  • Global demand for medical videoscopes in bronchoscopy is expected to expand at a CARG of 6%through 2031.
  • Global demand for medical videoscopes in arthroscopy is expected to expand at a CAGR of 4% over the next ten years.

What is the Global Demand Outlook for Medical Videoscopes in Bronchoscopy?

Global demand for medical videoscopes in bronchoscopy is projected to top US$ 3 Bn by 2031, increasing at a CAGR of 6% during the assessment period.

Growth is primarily driven by growing hospital investments in bronchoscopy facilities, increasing demand for bronchoscopy owing to rising prevalence of respiratory diseases, growing demand for minimally invasive surgery, and technological advancements in the field of bronchoscopy.

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Key Segments Covered in Medical Videoscopes Industry Research

  • By Flexibility
    • Flexible Medical Videoscopes
    • Rigid Medical Videoscopes
  • By Product
    • Cystoscopes
    • Neuroendoscopes
    • Urology Endoscopes
    • Arthroscopes
    • Laparoscopes
    • OB/GN Endoscopes
    • Otoscopes
    • Laryngoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
    • Gastroscopes
    • Colonoscopes
    • Bronchoscopes
    • Duodenoscopes
    • Sigmoidoscopes
  • By End User
    • Medical Videoscopes for Hospitals
    • Medical Videoscopes for Clinics

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About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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Categories
Pharmaceutical

Medical Videoscopes Market to See Huge Growth by 2031 | Companies Olympus Corporation, Stryker Corporation, Fujifilm Holding Corporation, Smith and Nephew

As per a new report published by Fact.MR – a market research and competitive intelligence provider, the global market for medical videoscopes was estimated at US$ 22 Bn in 2020, and is expected to top US$ 30 Bn by 2031.

Medical videoscopes see huge demand across the globe owing to their wide application areas as well as flexibility in terms of specification of instruments, which fits in with the various requirements of different procedures.

Request a report sample to gain comprehensive insights at  https://www.factmr.com/connectus/sample?flag=S&rep_id=6625

The market has seen an extraordinary amount of technological advancements and breakthroughs in the last few years, as companies have focused on developing products capable of reducing pain, curtailing the number of sick days, and reducing the overall cost of treatment.

Demand for medical videoscopes market is expected to witness lucrative growth owing to rising application in surgery, growing development of novel technologies, and increasing grants & funds by government for research & development.

Other factors that will be responsible for market growth include increased patient inclination towards micro-imaging platforms, introduction of endoscopes as thin as a human hair, and technological advancements such as Ultrafine technology’s innovative desktop endoscope and microcam, which is an innovative micro-imaging platform.

medical videoscopes market by FactMR

Key Takeaways from Market Study
  • Key factors driving demand for medical videoscopes are rise in patient inclination towards non-invasive surgical procedures and technological advancements in the field of endoscopy.
  • North America holds close to 30% global market share for medical videoscopes.
  • Huge population base and the governments’ increased expenditure on public health are driving demand for medical videoscopes in Asia Pacific.
  • Global demand for medical videoscopes in bronchoscopy is expected to expand at a CARG of 6%through 2031.
  • Global demand for medical videoscopes in arthroscopy is expected to expand at a CAGR of 4% over the next ten years.

“With the prevalence of chronic diseases requiring endoscopy on the rise, demand for medical videoscopes is set to increase over the coming years”.

Winning Strategy

To sustain in the competition, key players in the industry are adopting the strategy of acquisitions, expansion, product development, and agreements. Many major players are also focusing on growth strategies such as product launches, product approvals, and patents and events.

The market is in its growth phase, and is anticipated to offer lucrative growth opportunities for manufacturers of medical videoscopes over the coming years.

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the medical videoscopes market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of flexibility (flexible videoscopes and rigid videoscopes) product(cystoscopes, neuroendoscopes, urology endoscopes, arthroscopes, laparoscopes, OB/GN endoscopes, otoscopes, laryngoscopes, nasopharyngoscopes, rhinoscopes, gastroscopes, colonoscopes, bronchoscopes, duodenoscope, and sigmoidoscopes), and end user (hospitals and clinics), across major regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa).

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Research Insight: https://www.factmr.com/report/medical-videoscopes-market
Press Release: https://www.factmr.com/media-release/2118/global-medical-videoscopes-trends

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