Development of Medical Videoscopes | Top Market Players | Market Estimation

Medical videoscopes is a type of equipment that is used to illuminate the body cavities to obtain internal body images in medical and surgical settings. The real-time images taken by videoscopes are displayed in front of surgeons during the medical examination or surgical procedure to enable them to have a clear idea of the patient’s medical condition.

Medical videoscopes are used across various applications such as endoscopy, gynecology, laparoscopy, arthroscopy, urology, and bronchoscopy. Apart from their diverse applications, the market for medical videoscopes is also gaining impetus from the latest technological advances introduced in endoscopic procedures, which in turn have resulted in several improvisations in videoscopes. Additionally, the rapidly rising geriatric population, which is more vulnerable to gastrointestinal and orthopedic diseases, is also anticipated to accelerate demand from the global medical videoscopes market. However, the high cost of this equipment may hinder several small and mid-sized hospitals from investing in them, subsequently hampering the overall growth of the market.

North America is the largest market for medical videoscopes market, due to increasing number of endoscopy training workshops and several initiatives take by the U.S. and Canada governments are augmenting the growth of the medical videoscopes market. For instance, Given Imaging developed an ingestible camera, named ‘the PillCam Colon’ that is approved by the U.S. Food and Drug Administration to be used during colonoscopy procedures.

Asia Pacific region, is developing at a great pace and is considered to be as the most promising market for the growth of medical videoscopes market due to the presence of a large population base, increasing health care expenditure by governments, rising research funding for better treatments of its people, growing awareness related to videoscopes procedures among patients, etc. are contributing to the growth of this market. Furthermore, increasing government support to set up modern healthcare infrastructure, favorable reimbursement scenario and various tax benefits would also drive the medical videoscopes market in the coming years.

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