Global Endoscopy Visualization Systems Market by Resolution Type (FHD Resolution, 4K) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global endoscopy visualization system market was valued at USD 21.55 billion in 2020. It is expected to grow at a 7.0% compound annual growth rate (CAGR), between 2021 and 2028. Endoscopy can be used to examine the internal organs of the body. It is minimally invasive. Advanced technologies allow for superior image quality which is why they are very useful in the medical field. Endoscopic procedures have become a useful adjunctive tool in many medical specialties, including general surgery, gastrointestinal and urology. The Centers for Disease Control and Prevention estimates that approximately 494,000 hysterectomies take place in the United States each year. Around 80.0% of these surgeries are performed robotically or laparoscopically. Market growth is being driven by the shift to minimally invasive surgery and rising incidence of cancer.

Market growth is expected to be driven by the rising incidence of colorectal, gastrointestinal, pancreatic abnormalities and urological, gender-related, and respiratory diseases. According to the World Cancer Research Fund colorectal carcinoma is the third most common type of cancer in men, and the second most common among women. According to the WHO, there will be 1.51 million new cases of colon cancer by 2030, up from 1.15 million in 2020. This will increase the demand for endoscopy procedures over the next few years. In addition to this, an increasing number of elderly people will require endoscopic procedures. According to the United Nations estimate, the number 65-year-olds will increase from 703 million to 1.5 billion in 2050 to 1.5 billion by 2050. This will drive the market for endoscopy visualization system over the forecast period.

Endoscopic procedures have many advantages over open-invasive surgery. These procedures offer better outcomes due to shorter recovery times, lower hospital stays, less complications, and smaller incisions. This is why minimally invasive endoscopy has been growing in popularity. An article in Gastrointestinal Endoscopy (an official publication of American Society for Gastrointestinal Endoscopy), states that over 17.7 million procedures are performed annually in the United States. This is 5.6% of the U.S. populace. The market for endoscopy visualization devices is expected to grow due to a substantial increase in minimally invasive procedures and the rising cost burden from cancer. Active government support for less invasive surgery in outpatient settings will likely propel the market's growth.

The COVID-19 pandemic caused severe disruption to the healthcare industry. Global sales of medical devices have declined due to the pandemic. Endoscopy visualization systems have suffered from the cancellation and postponement of elective, non-urgent procedures. According to PubMed's study on the effects of COVID-19 in France on gastrointestinal endoscopy, more than 98.7% had to cancel their endoscopic procedures by March 2020. The American College of Gastroenterology announced in April 2020 that elective endoscopy would be suspended. The Canadian Association of Gastroenterology also published guidelines for hospitals that provide endoscopy services. The strict protocols that are imposed on endoscopy centers will likely further reduce the volume of surgery. Due to restrictive government measures, manufacturers, vendors, and distributors in the market are still being affected. Other than this, many government-sponsored cancer screening programs and initiatives were stopped or canceled. The pandemic has led to a greater focus on single-use endoscopes because they offer better infection control.

Market impact of COVID-19 endoscopy visual systems: 4.5% decline in revenue growth between 2019 and 2020

To sustain their businesses and increase company growth, the key players now focus on mergers and acquisitions as well as new product launches. Olympus Corporation, for example, announced in January 2021 the acquisition Quest Photonic Devices. This acquisition will strengthen Olympus Corporation's position in the surgical endoscopy marketplace and offer new growth opportunities for the company.

Product Insights

The largest revenue share, 71.5%, was attributed to the endoscopic visualization system segment in 2020. Technology advancements that improve imaging capabilities can explain this. Olympus Corporation and FUJIFILM Corporation are key players in this segment. They have been focusing on introducing next generation endoscopy visualization system, which is, in turn, positively impacting the segment’s growth. Fujifilm Corporation, for instance, launched ELUXEO surgical system in July 2020. It provides great visualization and can be used both rigidly or flexible from one tower.

Camera heads, light sources, video processors and suction pumps are all essential components of endoscopy visualization. This segment has grown due to the increasing number of endoscopic procedures and the aging population. According to the WHO estimates, there will be 1.4 million new cases of gastric cancer by 2030. This will likely boost the segment's growth. The segment's growth will also be supported by increased R&D investment from manufacturers to introduce advanced visualization components.

Resolution Type Insights

The 4K segment was the most dominant market for endoscopy visualization system and had the highest revenue share at 59.8% in 2020. This segment is expected to see significant growth during the forecast period. Images with 4K resolution are more accurate than images at full HD resolution. This allows for better surgical accuracy and easier identification between nerves, blood vessels and lymph. Monitors with 4K resolution are able to be seen at a closer distance, without having to spot individual pixels. The 4K resolution has many advantages that are driving the segment's growth.

The 4K monitors, however, are more expensive than those with full HD resolution. FHD resolution is a more cost-effective option, especially for developing countries. This, along with easy access to the products and increasing awareness among the patient population, is driving the growth of this segment.

Regional Insights

North America was the dominant market for endoscopy visualization system in 2020, accounting for 43.3% of the total revenue. Market dominance is due to North America's rapid adoption of minimally invasive procedures and high rates of colorectal and gastric cancer. There are also growing demands for advanced diagnostic tools and increased demand. The American Cancer Society predicts that in 2021, there will be 104,270 new cases of colon cancer and 45.230 new cases of rectal cancer in the United States. Endoscopy visualization systems will see a rise in demand due to rising cancer cases and favorable reimbursement policies.

Asia Pacific, on the other hand, is expected to experience remarkable growth during the forecast period due to the high proportion of Asian age population such as China and India. Market growth will be aided by the presence of key players like Olympus Corporation, FUJIFILM holdings Corporation, and Hoya Corporation. According to Olympus Corporation estimates, there are 22 endoscopists for every million people in China, 17 in Malaysia, 5 Indians, 6 in Vietnam, and 5 in India. The market for endoscopy visualization equipment in the region will be boosted by a growing number of endoscopists from developing countries.

The rising cancer cost and increasing number of endoscopic procedures in Europe are driving the European market to explode. Eurostat reported that in 2018, 53.6 laparoscopic hysterectomies were performed on Germany's population, and 24.2 in the United Kingdom. This will likely boost Europe's market. The market for endoscopy visualization system in Latin America, Africa, and Middle East will be driven by improvements in healthcare infrastructure.

Market Share Insights & Key Companies

Olympus Corporation will be a leader in the market for endoscopy visual systems in 2020. A strong distribution network, geographic footprints in key markets, continuous focus on product development, and strong distribution network are some of the factors that have helped Olympus Corporation to be a leader in the global market. The following are some of the most prominent players in endoscopy visual systems market:

• Stryker Corporation

• Boston Scientific Corporation

• Ethicon US, LLC

• Richard Wolf GmbH

• Medtronic

• Smith & Nephew plc

• CONMED Corporation

• Machida Endoscope Co., Ltd.

• Pentax Medical

• FUJIFILM Holdings Corporation

• Karl Storz GmbH & Co. KG.

• Olympus Corporation

Up Market Research published a new report titled “Endoscopy Visualization Systems Market research report which is segmented by Resolution Type (FHD Resolution, 4K), By Players/Companies Stryker Corporation, Richard Wolf GmbH, Machida Endoscope Co Ltd, CONMED Corporation, Pentax Medical, Karl Storz GmbH & Co KG, Medtronic, FUJIFILM Holdings Corporation, Boston Scientific Corporation, Olympus Corporation, Smith & Nephew plc, Ethicon US LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Endoscopy Visualization Systems Market Report Segments:

The market is segmented by Resolution Type (FHD Resolution, 4K).

Some of the companies that are profiled in this report are:

1. Stryker Corporation
2. Richard Wolf GmbH
3. Machida Endoscope Co Ltd
4. CONMED Corporation
5. Pentax Medical
6. Karl Storz GmbH & Co KG
7. Medtronic
8. FUJIFILM Holdings Corporation
9. Boston Scientific Corporation
10. Olympus Corporation
11. Smith & Nephew plc
12. Ethicon US LLC

Endoscopy Visualization Systems Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Endoscopy Visualization Systems Market

Overview of the regional outlook of the Endoscopy Visualization Systems Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Endoscopy Visualization Systems Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Endoscopy Visualization Systems Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. FHD Resolution

                2. 4K

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Endoscopy Visualization Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Endoscopy Visualization Systems Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.