About Flexible Video Endoscope
Flexible Video Endoscope is a compact videoscope with a small diameter flexible cable probe that helps in record videos and photos on removable SD memory. This also equipped with an LED light source and TFT color screen for viewing pictures and videos. In this image is transmitted electronically to a video monitor from the distal tip of the endoscope where it is “sensed” by a charge-coupled device (CCD) chip.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
The market for Flexible Video Endoscope is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States, Germany Players will contribute the maximum growth to Global Flexible Video Endoscope market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Olympus Corporation (Japan), HOYA Corporation (Japan), Fujifilm (Japan), Ambu (Denmark), Stryker Corporation (United States), Micro Epsilon (Germany), SKF (Sweden) and FLIR System (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Baker Hughes, a GE company (United States), Trotec (Germany) and PCE Instruments (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Flexible Video Endoscope market by Type (Cystoscopes, Neuroendoscopes, Arthroscope, Laparoscope, Otoscope, Laryngoscope and Nasopharyngoscopes), Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, Obstetrics/Gynecology Endoscopy and ENT endoscopy) and Region.
On the basis of geography, the market of Flexible Video Endoscope has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Flexible Video Endoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Consumer Preference for Minimally Invasive Surgeries
Market Growth Drivers:
Increase in the Number of Elderly People Who Are At Risk to Gastrointestinal and Technological Advancement in Visualization Is Driving This Market
Challenges:
High Cost Become the Barrier in This Industry
Restraints:
Lack of Awareness About the Flexible Video Endoscope
Opportunities:
Strong Opportunity in This Market Due To Growth in Geriatric Population, Obesity, and Changes in Demographics & Lifestyle
Market Leaders and their expansionary development strategies
In September 2023, HOYA Group, PENTAX Medical announced an agreement with IRCAD, the international advanced research and training center in minimally invasive surgery based in Strasbourg, France to collaborate in education for physicians to learn advanced flexible endoscopy. IRCAD offers a training facility, which welcomes over 8,800 worldwide surgeons from all surgical and GI specialties every year. The training and research institute involves more than 800 international experts in their training centers.
In October 2023, Olympus Corporation, a global medical technology company committed to making people's lives healthier, safer and more fulfilling, announced today the market launch of its next-generation EVIS X1™ endoscopy system, which will be on display and demonstrated
Key Target Audience
Hospitals and Clinics
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.