Sophisticated visualization systems with high-definition cameras, narrow band imaging, and magnification systems have revolutionized minimally invasive surgeries by offering accurate visibility and improved picture quality during endoscopy procedures. This has led to increase in demand for medical videoscope across various visualization and screening interventions.
Medical Videoscope Market Report, published by Allied Market Research, forecasts that the global market was valued at $17,927 million in 2015, and is expected to reach $27,202 million by 2022, supported by a CAGR of 5.9% during the forecast period 2016–2022. The flexible videoscope segment held nearly three-fourths share of the total market in 2015.
Endoscopy cameras is anticipated to dominate the visualization & documentation segment, accounting for over one-fifth of total share in 2015. This is attributed to the incorporation of advanced technologies in endoscopy cameras such as ultra-high definition and 4-light emitting diode (LED) multi-light technology, which enhances the video quality.
Laparoscopy segment dominated the application segment with one-third share, in 2015 and is expected to grow at a CAGR of 6.0%. In response to the growing obese population, minimal invasive surgeries, such as laparoscopy, are currently in high demand globally, especially used for weight reduction (bariatric surgeries). Laparoscopy device companies are inclined towards manufacturing robot-assisted endoscopy devices and sophisticated endoscopy cameras with 4 LED multi-light technology to ease the overall procedure.
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