Medical Videoscopes Market Fostering Intensely To Reach USD 22.77 Billion by 2022

18-Sep-2018 | Zion Market Research

Some of the major companies comprised in the medical videoscopes market are ConMed Corporation, Stryker Corporation, Smith and Nephew plc, XION GmbH, Olympus Corporation, Fujifilm Holding Corporation, Welch Allyn, Inc., Richard Wolf GmbH, Hoya Corporation, and KARL STORZ GmbH & Co. KG among others. These players set to foster the development of medical videoscopes market in the years to come.

According to the analysts at Zion Market Research, the global medical videoscopes market added up for USD 15.34 Billion in 2016 and is likely to cross USD 22.77 Billion by end of 2022, developing at a CAGR of almost 6.8% from 2017 to 2022.

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This review is based on a report by Zion Market Research, titled “Medical Videoscopes Market by Product (Videoscopes and Visualization Systems), For Gastrointestinal, Arthroscopy, Laparoscopy, Obstetrics/Gynecology, Urology Endoscopy (Cystoscopy), Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscope and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022”- Report at http://www.zionmarketresearch.com/report/medical-videoscopes-market

Increasing Healthcare Expenditure And Rising Occurrences Of Gastrointestinal Diseases To Power The Development Of Medical Videoscopes Market In Years To Come

The medical videoscopes market is developing at a quick speed. Videoscope has a broad series of application in medical operations with property of being minimal invasiveness, which is likely to be the major boosting factor of medical videoscopes market in the years to come. Increasing healthcare expenditure, rising occurrences of gastrointestinal diseases, the launch of different healthcare reforms, and shift towards more cost effectual healthcare measures are some of the major factors likely to power the development in medical videoscopes market. For example, Olympus Corporation declared the roll out of two rhino-laryngo videoscope models in Europe market in May 2018. The two models attuned a weight reduction and new ergonomic control section, boosting the medical videoscopes market.

Global-Medical-Videoscopes-Market

On the other hand, the lack of skilled professionals and high price of medical videoscopes are the limitations of medical videoscopes market. Despite these hurdles, emerging nations in developing areas such as Asia Pacific can be an opening in medical videoscopes market.

Growing Demand For Minimally Invasive Operations And Rising Aging Population To Foster The Development Of Global Medical Videoscopes Market In North America

North America ruled the global medical videoscopes market and added up for the biggest share of medical videoscopes market in 2016. The region is likely to carry on the same in the years to come. Development of medical videoscopes market in this region is credited to growing demand for minimally invasive operations and rising aging population. Moreover, well-established healthcare infrastructure is also likely to bolster the development of medical videoscopes market within the forecast period in this region.

Europe is likely to see a noteworthy development in global medical videoscopes market in years to come due to rising healthcare expenditures paired with an aging population and increased life expectancy in Europe. Apart from this, development of healthcare infrastructure and rising demand for medical videoscopes are also planned to power medical videoscopes market in the coming years in this region.

The global medical videoscopes market is segmented as follows:

By Product

  • Videoscope 
  • Rigid Videoscopes
  • Flexible Videoscopes
  • Visualization Systems

By Application

  • Gastrointestinal
  • Arthroscopy
  • Laparoscopy
  • Obstetrics/Gynecology
  • Urology Endoscopy (Cystoscopy)
  • Bronchoscopy
  • Mediastinoscopy
  • Otoscopy
  • Laryngoscope
  • Others 

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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