Medical Videoscope Market Key Players, Trends and Growth Forecast
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ToggleMedical Videoscope Market Growth, Key Companies and Regional Trends
The global medical videoscope market was valued at $23.35 billion in 2023 and is expected to reach $49.86 billion by 2034, growing at a compound annual growth rate (CAGR) of 7.14% from 2024 to 2034.
Market Overview
A videoscope, also known as an electronic scope, is an endoscope equipped with a built-in CCD (charge-coupled device) video camera. This technology converts images into electrical signals that can be displayed on a screen. Videoscopes are in high demand due to their effectiveness in aiding surgical procedures. They enhance the precision of surgeries, reduce operation times, improve patient satisfaction, and minimize the risk of infections, ultimately promoting patient safety. Additionally, videoscopes are essential for viewing and accessing hard-to-reach or hidden areas within the body, making them invaluable during surgeries and medical examinations. With the growing number of surgeries, the medical videoscope market is expected to experience substantial growth in the coming years.
Medical Videoscope Market Trends
In May 2024, MedInTech Inc., a South Korean medical smart endoscope company, secured 20 billion won (approximately $14.6 million) in Series B financing.
In January 2023, IQ Endoscopes, a medical device company, raised £5.2 million in a funding round led by BGF, one of the largest and most experienced investors in the UK and Ireland, alongside existing investors and the Development Bank of Wales.
In April 2022, AI Medical Service, a Japanese medtech firm, raised 8 billion yen (about $70 million) in Series C funding. This investment, supported by Globis Capital Partners, World Innovation Lab, Incubate Fund, and SoftBank Vision Fund 2, will help the company develop an AI-powered decision support tool for endoscopists.
Leading Companies in the Medical Videoscope Market
Several key players are shaping the medical videoscope market with their advanced technologies and innovative solutions. Notable companies include:
- VIMEX Endoscopy: A prominent name in the field, known for providing high-quality endoscopic systems.
- Schindler Endoskopie Technologie: Specializes in endoscopic equipment with a focus on precision and reliability.
- ProSurg: A company dedicated to offering cutting-edge surgical video solutions for better patient outcomes.
- Optim: Known for its high-performance endoscopy products designed to enhance medical procedures.
- OPTEC Endoscopy Systems: Focuses on providing a wide range of endoscopy solutions for medical professionals.
- NeoScope: Innovates in the field of medical videoscopes, offering advanced imaging technologies.
- Medtronic: A global leader in medical devices, Medtronic provides a range of endoscopic tools for improved diagnosis and treatment.
- Machida Endoscope: A trusted provider of high-quality endoscopic equipment for healthcare professionals.
- LABORIE: Offers advanced medical technologies, including endoscopy systems for diagnostic and therapeutic procedures.
- IntroMedic: Known for its next-generation endoscopy products designed for precision and ease of use.
- HUGER Medical Instruments: A leading company in the development of endoscopic equipment for various medical specialties.
- GI-View: Focuses on innovative solutions for gastrointestinal endoscopy.
- Era Endoscopy: Specializes in the design and manufacturing of endoscopy products that enhance surgical accuracy.
- Ecleris: Provides medical devices, including high-end videoscopes, for minimally invasive procedures.
- Cogentix Medical: A company known for its advanced endoscopic solutions and diagnostic technologies.
- Clarus Medical: Offers innovative products to improve the performance of endoscopic procedures.
- Jinshan Science & Technology: A major player in the development of endoscopic systems for medical applications.
- Check-Cap: Focuses on developing non-invasive endoscopic solutions with a focus on patient comfort.
- B. Braun Melsungen: A global leader in medical technology, offering endoscopy products designed for precision and safety.
- ATMOS MedizinTechnik: Specializes in medical technology, including endoscopes that enhance visualization during procedures.
- ASAP Endoscopic Products: Offers high-quality, affordable endoscopic solutions for healthcare providers.
- Arthrex: Known for its medical devices, including videoscopes designed for arthroscopic procedures.
- Ambu: A leader in the field, providing endoscopic solutions for both diagnosis and treatment.
- XION GmbH: A German company specializing in high-end endoscopy systems for medical professionals.
- Welch Allyn, Inc.: Offers medical devices, including videoscopes, designed to improve patient care and surgical outcomes.
- Conmed Corporation: A major provider of endoscopy solutions with a focus on minimally invasive surgery.
- Smith & Nephew PLC: A global medical technology company offering endoscopy products for various surgical applications.
- Richard Wolf GmbH: Specializes in high-quality endoscopy systems for different medical specialties.
- Hoya Corporation: A leading manufacturer of medical devices, including endoscopes that offer high-definition imaging.
- Fujifilm Holding Corporation: Known for its cutting-edge imaging technology, including medical videoscopes that enhance diagnosis and treatment.
- Karl Storz GmbH & Co. KG: A pioneer in the endoscopy field, offering a wide range of advanced endoscopic devices.
- Stryker Corporation: A leading provider of medical devices, including high-performance videoscopes for various surgical needs.
- Olympus Corporation: A global leader in medical imaging technology, including endoscopes that are widely used in diagnostic and surgical procedures.
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