New Market Research Report: Medical Videoscope Market - Global Forecasts to 2019

Medical Videoscope Market by Scope [Rigid (Laparoscope, Ureteroscope), Flexible (Colonoscope, Gastroscope)], Visualization Systems (Monitors, HD Camera, 3D Camera, Light Source), by Application (Colonoscopy, Laparoscopy, Arthroscopy) - Global Forecasts to 2019

Over the years, the global medical videoscopes market, which comprises videoscopes and visualization systems, has witnessed various technological advancements. These advancements have increased the application areas for medical videoscopes. They are now used in laparoscopy, arthroscopy, bronchoscopy, gastrointestinal endoscopy, urology, gynecology, and neuroendoscopy, among others.

The visualization systems segment is the fastest-growing segment of the global medical videoscopes market. The increasing number of endoscopic procedures is likely to propel the growth of this market.

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Visualization systems play a vital role as they enable surgeons to observe body cavities and organs/canals. These systems have applications in most endoscopic procedures as well as in all types of video-assisted procedures, such as general endoscopic, laparoscopic, bariatric, thoracic, and anterior/posterior spinal procedures. Over the years, visualization systems have also witnessed a growing number of technological advancements. For instance, endoscopic cameras have evolved from single-chip cameras to HD cameras and further to 3D cameras, thereby improving image and video quality. Thus, the growing market for visualization systems is likely to boost the global medical videoscopes market.

In the coming years, the growth of the global medical videoscopes market is likely to be centered on China, India, Japan, Australia, and New Zealand. These countries offer an array of opportunities for growth and are likely to serve as new revenue pockets for the global medical videoscopes market. All these countries offer high growth potential as compared to mature markets such as the U.S. and Europe. Factors such as growth in the aging and chronically ill population, the increasing number of private sector hospitals, advancements in endoscopic technology, and expansion in rural healthcare facilities play a pivotal role in propelling the demand for endoscopy in the Asian region. China and India will be the focal points for growth of endoscopy in the Asian market. RoW includes regions such as Latin America, Africa, the Middle East, and the Pacific countries. These markets are slated to grow at a steady pace due to increased reimbursement coverage, government healthcare spending, as well as awareness levels of patients regarding minimally invasive surgeries.

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