Endoscopic Camera Global Market Report 2024

The global endoscopic camera market has grown rapidly in recent years. It will grow from $2.8 billion in 2023 to $3.08 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to minimally invasive surgery, medical training and education, patient and surgeon safety, robot-assisted surgery.

The global endoscopic camera market is expected to see strong growth in the next few years. It will grow to $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to global expansion of healthcare, aging population, remote consultations and telesurgery, single-port endoscopy. Major trends in the forecast period include technological advancements, artificial intelligence integration, customized imaging modes, disposable endoscopes.

The burgeoning occurrence of gastrointestinal diseases is poised to steer the growth of the endoscopic camera market in the foreseeable future. Gastrointestinal diseases encompass a broad spectrum of conditions that affect the digestive system, comprising the organs responsible for the breakdown of food, nutrient absorption, and waste elimination. The heightened prevalence of gastrointestinal ailments such as irritable bowel syndrome, gastritis, and gastrointestinal cancers has led to an increased demand for endoscopy cameras. These cameras play a pivotal role in the diagnosis and ongoing monitoring of these conditions through minimally invasive procedures. They facilitate precise visualization and aid in treatment planning. For example, in January 2023, the American Cancer Society (ACS) reported a 3.18% increase in gastrointestinal cancers, reaching 348,840 cases in the United States compared to 338,090 cases in 2021. Thus, the surge in gastrointestinal diseases is a driving force behind the endoscopic camera market's growth.

The growing incidence of anal cancer is set to fuel the expansion of the endoscopic camera market. Anal cancer is a relatively rare form of cancer that originates in the anal canal, a short tube at the end of the rectum responsible for waste elimination. Endoscopic cameras provide high-quality imaging capabilities that enable precise observations during endoscopic examinations. This medical equipment is instrumental in detecting cancerous lesions or abnormalities within the anal tract. According to the American Cancer Society's Cancer Facts and Figures 2023 report, the number of newly reported anal cancer cases in the United States has reached 9,760, compared to 9,440 cases in 2022. Furthermore, the number of deaths attributed to anal cancer has increased to 1,870, up from 1,670 deaths recorded in 2022. Consequently, the rising prevalence of anal cancer is propelling the growth of the endoscopic camera market.

During the forecast period, the limited availability of skilled professionals may constrain the market's growth. Healthcare facilities equipped with endoscopic camera systems may not utilize them to their full potential if they lack skilled professionals, resulting in reduced endoscopic camera system utilization. For instance, as of September 2022, the Rural Health Information Hub, a US-based rural health information source, reported that 65.6% of rural areas in the United States were designated as Primary Care Health Professional Shortage Areas (HPSAs). Additionally, a report from the World Health Organization (WHO), a Switzerland-based intergovernmental agency, projects a shortage of 10 million health professionals by 2030, primarily in low- and lower-middle-income countries. Consequently, the limited availability of skilled professionals is impacting the growth of the endoscopic camera market.

Companies operating in the endoscopic camera market are embracing technological advancements, including wireless capabilities and high-definition imaging. They are dedicated to integrating advanced technologies to enhance the quality and accuracy of medical imaging, facilitating precise diagnoses and treatment planning. For instance, in March 2022, Endoluxe, Inc., a US-based provider of portable smart devices and endoscopy solutions, introduced its first high-definition wireless endoscopic camera in collaboration with TowerTech. This innovative solution is designed to enhance various endoscopic procedures using conventional analog scopes, whether rigid or flexible. The handheld Orb innovation replaces the traditional endoscopic towers used in urology, gynecology, ENT, general surgery, and orthopedics. TowerTech offers a comprehensive solution by directly incorporating all essential visualization features into the camera head, eliminating the need for a multifaceted setup, including a tower on wheels, a separate camera head, a camera processor, a light source, unwieldy light cables, a recorder, a monitor, and intricate cabling between the camera and monitor.

In June 2022, ATL Technology LLC, a US-based electronic manufacturing company, acquired BioVision Technologies LLC for an undisclosed sum. This strategic acquisition allowed ATL Technology LLC to expand its business unit focused on medical imaging and gain access to the production of one-time-use, minimally invasive surgical instruments. BioVision Technologies LLC, a US-based manufacturer of medical imaging technologies, specializes in products such as endoscopic camera heads and CMOS sensors.

Major players in the endoscopic camera market are Medtronic PLC, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, SKF Group, B. Braun Melsungen AG, Olympus Corporation, Hoya Corporation, Smith & Nephew PLC, Ethicon US LLC, Arthrex Inc., Cook Group, KARL STORZ Endoscopy-America Inc., Conmed Corporation, Richard Wolf GmbH, American Well Corporation, Ackermann Instrumente GmbH, Henke-Sass Wolf GmbH, XION Medical, Cogentix Medical Inc., NORTH-SOUTHERN ELECTRONICS LIMITED, PCE Instruments UK Limited, Zowietek Electronics Ltd., Huger Endoscopy Instruments Co. Ltd., ILO electronic GmbH, Maxer Endoscopy GmbH, Advin Healthcare Private Limited, PROVIX Inc., Odysight.ai Inc., Optofine Instruments Pvt. Ltd.

North America was the largest region in the endoscopic camera market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in endoscopic camera report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the endoscopic camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of endoscopic cameras include HD cameras, 3D cameras, 4K cameras, and robotic cameras. An HD camera is a type of camera with a defined resolution of 720p or 1080p, capable of recording high-definition images and videos. Medical practitioners often use HD cameras to precisely diagnose and treat medical conditions, as they provide clear visualization of internal organs and tissues. Endoscopic camera systems consist of various components, including camera heads, light sources, couplers, monitors, console units, and image capture devices, all equipped with complementary metal oxide semiconductor (CMOS) and charge-coupled device (CCD) sensors. These cameras find applications in ENT endoscopy, laparoscopy, gastrointestinal endoscopy, arthroscopy, bronchoscopy, urology endoscopy, gynecology endoscopy, and other medical procedures. They are utilized by end users such as hospitals, ambulatory surgery centers, clinics, and other healthcare facilities.

This report provides endoscopic camera market statistics, including endoscopic camera industry global market size, regional shares, competitors with a endoscopic camera market share, detailed endoscopic camera market segments, market trends and opportunities and any further data you may need to thrive in the endoscopic camera industry. This endoscopic camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The endoscopic camera market consists of sales of capsule endoscopy cameras, video processing units, wireless endoscopic cameras and micro endoscopic cameras. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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