Medical Videoscope Market worth $19.0 Billion in 2019

1. MarketsandMarkets Presents Medical Videoscope Market - Global Forecasts to 2019 https://www.marketsandmarkets.com/Market-Reports/medical-videoscope-market-127418309.html

2. • The global medical videoscope market is segmented based on products, applications, and geography. Based on products, the global medical videoscope market comprises videoscopes and visualization systems. Medical Videoscope are further categorized into rigid videoscopes and flexible videoscopes. • Based on applications, the global medical videoscope market is broadly categorized into laparoscopy, gastrointestinal endoscopy, arthroscopy, cystoscopy, obstetrics/gynecology, bronchoscopy, laryngoscopy, mediastinoscopy, otoscopy, and others. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of World (RoW). North America is the largest market for medical videoscope, followed by Europe and Asia. The Asian medical videoscope market is slated to grow at the highest rate over the next five years. https://www.marketsandmarkets.com/Market-Reports/medical-videoscope-market-127418309.html

3. https://www.marketsandmarkets.com/Market-Reports/medical-videoscope-https://www.marketsandmarkets.com/Market-Reports/medical-videoscope- market-127418309.html North America holds the largest share of the global medical videoscope market, followed by Europe and Asia. However, the growth of the global medical videoscopes market is likely to be focused on the fast-growing Asian region, owing to increased healthcare spending in China; the increasing number of endoscopic surgeries; the improving endoscopic infrastructure in India; the establishment of training centers for endoscopy in India, China, Japan, and others; wide support for endoscopy-related research activities in Japan; and increased patient awareness about minimally invasive surgeries (MIS) in Asia. The market in Rest of World (RoW) which includes Latin America, the Middle East and Africa, and the Pacific countries—is likely to witness steady growth. This is due to the increasing focus of key players on the Middle Eastern countries and Brazil, the increasing number of endoscopy training workshops and investments in Australia, and several government initiatives in New Zealand to develop an efficient workforce for endoscopy services. https://www.marketsandmarkets.com/Market-Reports/medical-videoscope-market-127418309.html

4. • Over the years, the demand for endoscopy has increased significantly owing to the growing preference for minimally invasive surgeries. Apart from being minimally invasive, endoscopic procedures are cost-effective in terms of pre- and post-operation care costs and length of stay at hospitals. Technological advancements and breakthroughs in the field of endoscopy are expected to drive the global medical videoscope market in the coming years. Advancements in technology have also resulted in several improvisations, including increased angles in the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems that are integrated with high-resolution technologies such as 3D systems, and miniaturized endoscopy systems. The other factors that are driving the growth of the global medical videoscope market include a favorable reimbursement scenario in select geographies and increasing prevalence/incidence of diseases requiring endoscopy procedures. • Another pivotal factor that drives the growth of the global medical videoscope market is the rapid rise in the number of elderly people, who are prone to orthopedic, gastrointestinal, and ophthalmic diseases as well as cancer. Endoscopic procedures are increasingly being used for the treatment of a number of common major disorders, such as cancer, obesity, and gastroesophageal reflux disorder (GERD). However, globally, there is a shortage of specialists (endoscopy physicians and surgeons) who perform endoscopic surgeries. Moreover, the investment costs for endoscopic equipment is extremely high for most hospitals in developing countries. https://www.marketsandmarkets.com/Market-Reports/medical-videoscope-market-127418309.html

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