U.S. Endoscopy Video Processor Market
U.S. Endoscopy Video Processor Market had a valuation of US$ 196.5 Million in 2021 and is anticipated to grow at a CAGR of 4.3% over the estimated timeframe (2021-2028).
Quick advancement in endoscopy innovations is supposed to drive the development of the U.S. endoscopy video processor market. New advancements in the field of endoscopy video processors offer a flexible and productive imaging stage. Moreover, these endoscopy video processors offer similarity to a wide scope of endoscopes and numerous different perception strategies like 3D representation and extraordinary light perception. For example, in April 2018, PENTAX Medical, a clinical organization that participates in demonstrative and restorative endoscopy, declared the U.S. launch of the DEFINA EPK-3000 Video Processor, alongside the J10 Series Video Naso-Pharyngo-Laryngoscopes. The DEFINA EPK-3000 video processor joins predominant usefulness with distinctive HD picture handling and I-SCAN improvement innovation to give spotless, clear HD pictures of nasal, pharyngeal, and laryngeal life structures in a light and more modest framework.
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Effect of the Coronavirus (COVID-19) Pandemic
The coronavirus pandemic has impacted different businesses in the U.S. The players working in the U.S. endoscopy video processor market are confronting significant moves on different fronts due to the COVID-19 pandemic. As indicated by the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, the quantity of COVID-19 cases announced in the U.S. as of November 25, 2021, is roughly 258,830,438 affirmed cases with 5,174,646 fatalities.
The COVID pandemic has adversely affected the turn of events, creation, and supply of clinical gadgets produced by different organizations across the U.S. Additionally, the stockpile and creation of these gadgets are likewise impacted due to the COVID-19 pandemic lockdown forces in the U.S. This lockdown has brought about the conclusion of modern foundations, with the exception of the assembling of fundamental items and the interruption in the inventory network of the drug items.
The central members working in the U.S. endoscopy video processor market are zeroing in on the reception of inorganic development systems, for example, acquisitions and joint efforts to expand their market presence in the U.S. market. In May 2018, Olympus Corporation, a Japanese maker of optics and reprography items, teamed up with ai4gi, an organization that has some expertise in artificial intelligence arrangements, for gastrointestinal disease screening.
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Key Takeaways
The U.S. endoscopy video processor market is supposed to display a CAGR of 4.3% during the estimated timeframe, inferable from the expanding commonness of colorectal malignant growth. As per the information distributed by the American Cancer Society, around 280,000 new cases and 200,000 related deaths from colorectal disease are projected by 2030, and around 24.4 million individuals should be evaluated for colorectal malignant growth in the U.S.
Among item types, video processors without show are supposed to represent the most noteworthy share in the U.S. endoscope video processor market in the conjectured timeframe inferable from the expanding debut of creative items by central members. In March 2017, Olympus Corporation launched VISERA ELITE II, a minimally invasive endoscope framework with an infra-red (IR) imaging ability. This makes the framework more modest and lighter and helps in decreasing the general responsibility.
The colonoscopy segment is expected to have the highest share in the US endoscope video processor market in the forecast timeframe due to the increasing prevalence of colorectal disease. As indicated by the information distributed by the American Cancer Society, in 2020, there will be an expected 104,610 new instances of colon disease and 43,340 instances of rectal malignant growth analyzed in the U.S. Furthermore, an expected 53,200 individuals will pass on from it.
Key companies contributing to the U.S. endoscopy video processor market include Stryker Corporation, Karl Storz SE & Co. KG, Fujifilm Holdings Corporation, XION GMBH, Olympus Corporation, PENTAX Medical, Sonoscape Medical Corp., Richard Wolf GmbH, and Boston Scientific Corporation.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Opportunity Map
- Report Description
- U.S. Endoscopy Video Processor Market Insights
- Drivers
- Restraints
- Opportunity
- Impact Analysis
- Regulatory Scenario
- PEST Analysis
- Key Developments
- Technological Advancement
- Product Launch/Approvals
- Acquisition, Collaboration & Agreements
- PEST Analysis
- U.S. Endoscopy Video Processor Marketโ COVID-19 Impact Analysis
- Impact on Supply and Demand
- Economic Impact
- Government Initiatives
- U.S. Endoscopy Video Processor Market, By Product Type, 2017 โ 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Video Processors with Display
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- Video Processors without Display
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- Introduction
- U.S. Endoscopy Video Processor Market, By Application, 2017 โ 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Segment Trends
- Upper GI Endoscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- Colonoscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- Bronchoscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- Sigmoidoscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- ENT Endoscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028 (US$ Million)
- Introduction
- U.S. Endoscopy Video Processor Market, By End User, 2017 โ 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017โ2028, (US$ Million)
- Specialty Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017โ2028, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017โ2028, (US$ Million)
- Introduction
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