Endoscopy Visualization Systems Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028 – Market Research Blog

about 3/4y The share of total revenue from the endoscopic visualization systems landscape is accounted for by Tier 1 players who are prominently focused on developing cost-effective products.

  • Leaders in the endoscopic visualization systems landscape also prioritize innovative product launches, product portfolio expansion, strategic collaborations and mergers to gain a stronger market footprint.
  • Tier 2 and Tier 3 companies, which offset the rest of the market’s revenue, are particularly focused on regional expansion – particularly targeting developing Asian economies.

Due to the paradigm shift to an advanced value-based healthcare system and an increasing number of strategic mergers and acquisitions among the leading medical device manufacturers, endoscopic visualization systems have seen strong demand in recent years.

“With the ever-increasing demand for minimally invasive surgical procedures and the increasing availability of low-cost diagnostic procedures, we anticipate a strong global revenue expansion with endoscopic visualization systems. While endoscopic visualization systems currently represent a multibillion dollar market globally, the landscape of endoscopic visualization systems is likely to witness Endoscopic visualization growth over 7% year-over-year in 2019. Relatively lax clearance guidelines from the Food and Drug Administration is another strong factor driving the prospects for endoscopic visualization systems in the near future,” says a senior research analyst at Future Market Insights.

The innovation of endoscopic visualization systems takes a major leap beyond 3D imaging

The 3D Endoscopic Visualization System was an influential innovation in the landscape of endoscopic visualization systems. While 3D visualization technology provides a deeper view of the diagnostic area during endoscopic procedures, ongoing research and development efforts have directed innovations into the latest customized 3D visualization. Recently launched the world’s first endoscopic visualization system (by MedicalTek) which works on easy-to-adjust imaging technology and provides adjustable 3D visualization of endoscopic images.

Product Type Assessment: Adapting to the demand trend of minimally invasive surgery, high-bandwidth endoscopic visualization systems remain a top seller

FMI Analyst states that with the ever-increasing demand for minimally invasive surgical procedures worldwide, it is quite clear that endoscopic high-bandwidth visualization systems will continue to generate maximum revenue for the market. With a current market value share of around 50%, high-bandwidth endoscopic visualization systems will be the best-selling type of EVS due to favorable reimbursement policies and availability of advanced technology systems in the sector. Mid-range endoscopic visualization systems are also set to gain a significant share of the market value in 2019, showing an annual expansion of more than 7%.

Request the full table of contents for this report @ https://www.futuremarketinsights.com/toc/rep-gb-7596

Diagnostic Analysis at the District Level: Maximum Opportunities for Gastrointestinal Endoscopy Visualization Systems

Recent statistical data published by the American Society of Gastrointestinal Endoscopy (ASGE) indicates that of the approximately 75 million endoscopic procedures performed annually globally, more than 65% are performed on the GI tract, followed by the female reproductive tract. A large number of endoscopy is also done through a small size incision with the aim of achieving minimal invasiveness. According to FMI’s 2019 forecast, year-over-year revenue growth will be around 7% in the case of GI endoscopy visualization systems, while in the case of small-volume incision procedures it will be more than 7%.

What will be the impact of COVID-19 on the Endoscopic Visualization Systems Market?

The nationwide shutdown has negatively affected the endoscopic visualization systems market. The pandemic has led to a global drop in demand for medical devices. The market for endoscopic visualization systems has also been hampered by the cancellation or postponement of elective and non-urgent endoscopic treatments.

Furthermore, strict endoscopic facilities regulations have further reduced the volume of surgery. Due to strict government measures, manufacturers, sellers and distributors in the market continued to be affected by the epidemic. Besides, a number of government-run cancer screening programs and projects have been suspended or canceled. However, the use of single-use endoscopes saw a huge rise during the same time period allowing for better infection management.

Endoscopy Visualization Systems Market

Regional Outlook: Asia Pacific has become an attractive growth platform for endoscopic visualization system manufacturers

As developing economies build a profitable base for the growth of the endoscopy visualization systems landscape through changing demographics and expanding the patient base, Future Market Insights offers exclusive insights into this. An increasing number of endoscopic visualization systems predominantly for disorders of the gastrointestinal tract, female reproductive system, urinary tract and respiratory tract is encouraging sales of endoscopic visualization systems in emerging Asian economies.

Unearthing key attributes driving market expansion within emerging regional regions, FMI analyst says, “While APEJ is currently the second largest market for endoscopic visualization systems after North America, Japan is also experiencing significant growth. This growth can be attributed to both the rate adoption Healthy for endoscopic visualization systems in hospitals, and astonishing sales growth in specialty clinics.”

Endoscopy Visualization Systems Market by CategoryBy product type

  • mid-range EVS
  • Low range EVS

by region

  • Digestive
  • Respiratory system
  • Ear
  • Urinary Tract
  • female reproductive system
  • through a small incision

by end user

  • Hospitals
  • Mobile surgery centers
  • Specialty Clinics
  • Diagnostic Imaging Centers

by region

  • North America
  • Latin america
  • Western Europe
  • Eastern Europe
  • Asia Pacific Ex. Japan
  • Japan
  • Middle East and Africa

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