Endoscopy Visualization Systems Market To Reach $39.8 Billion By 2030

Endoscopy Visualization Systems Market Growth & Trends

The global endoscopy visualization systems market size is expected to reach USD 39.8 billion by 2030, registering a CAGR of 6.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Significant increase in the number of endoscopic procedures and increasing preference for minimally invasive surgeries are major factors contributing to the expansion of the market. Owing to the advantages of endoscopy over open surgeries, significant cost savings, and favorable government reimbursement policies, the demand for endoscopy is increasing. This coupled with the rapid adoption of advanced diagnostic tools has created a need for advanced visualization techniques. As a result, various manufacturers are focusing on introducing systems and components with better visualization capabilities. For instance, in September 2020, PENTAX Medical, a division of Hoya Corporation announced the launch of J10 Series Ultrasound Video Gastroscopes that offers renowned image quality and enhanced mobility.

The endoscopy visualization systems segment is estimated to dominate the market throughout the forecast period. Endoscopy is being widely used in various medical specialties such as gastroenterology, urology, gynecology, pulmonology, ENT, and others. Rising usage of high definition systems and increasing prevalence of cancer are factors favoring the growth of the segment. According to the WHO, the number of new bladder cancer cases is projected to rise from 573,000 in 2020 to 767,000 by 2030. Furthermore, rising government initiatives for newborns hearing screening are expected to drive the growth of the segment. The endoscopy visualization components segment is poised to surge owing to technological advancements and the growing number of endoscopic surgeries. In September 2020, Pentax Medical announced the launch of EB-J10 Series Bronchoscopes and DEFINA Video Processor in the U.S. This is expected to augment the segment’s growth. In addition, the presence of numerous vendors, raw material suppliers, and distributors of visualization components is propelling the segment’s growth. However, strict restrictions imposed by the government in response to the COVID-19 pandemic and temporary shutdown of manufacturing facilities are resulting in serious disruptions in the supply chain. This is anticipated to negatively impact the market growth.

On the basis of resolution, the 4K segment is projected to witness lucrative growth during the forecast period. The rising adoption of endoscopy display monitors with 4K resolution can be attributed to the fact that they provide clearer image quality when compared to full HD resolution. However, when compared to 4K, full HD display monitors are more cost-effective and are easily available, which is favoring the demand for FHD resolution.

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Endoscopy Visualization Systems Market Report Highlights

• The outpatient facilities segment dominated the market with a share of 53.3% in 2023 due to reduced healthcare costs, the need for better service, financial strain on doctors, and improvement in treatment quality.

• The 4K segment dominated the market in 2023 owing to high-quality images produced by ultra HD systems when compared to full HD.

• North America dominated the market in 2023 owing to the rising number of government-sponsored cancer screening programs and greater adoption of advanced diagnostic tools.

Endoscopy Visualization Systems Market Segmentation

Grand View Research has segmented the global endoscopy visualization systems market based on product, resolution, end use and region:

Endoscopy Visualization Systems Product Outlook (Revenue, USD Million, 2018 - 2030)

• Endoscopy Visualization Systems

  • Standard Definition Systems

    • 2D Systems.

    • 3D systems.

  • High Definition Systems

    • 2D Systems.

    • 3D systems.

• Endoscopy Visualization Components

  • Camera Heads

  • Insufflators

  • Light Sources

  • High definition Monitors

  • Suction Pumps

  • Video Processors

Endoscopy Visualization Systems Resolution Outlook (Revenue, USD Million, 2018 - 2030)

• 4K

  • UHD Resolution

  • DCI Resolution

• FHD

Endoscopy Visualization Systems End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Outpatient Facilities

Endoscopy Visualization Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Endoscopy Visualization Systems Market

• Smith & Nephew plc

• CONMED Corporation

• Machida Endoscope Co., Ltd.

• Pentax Medical

• FUJIFILM Holdings Corporation

• Olympus Corporation

• Stryker

• Boston Scientific Corporation

• Ethicon

• Richard Wolf GmbH

• Medtronic

• Smith+Nephew

• KARL STORZ SE & Co. KG.