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Endoscopy is routinely used to diagnose and treat gastrointestinal disorders such as ulcerative colitis, Crohn's disease, chronic constipation and other gastrointestinal disorders. Endoscope is used to investigate the internal parts of human body, to observe lesions such as cancer or altered blood vessels from the epithelial tissue, which lies on the surface of the organs.

The U.S. Endoscopy Video Processor market is estimated to be valued at US$ 196.5 Million in 2021 and is expected to increase to US$ 264.7 Million by 2028, witnessing a CAGR of 4.3% over the forecast period (2021-2028).

Figure 1. U.S. Endoscopy Video Processor Market Value (US$ Mn) & Y-o-Y Growth (%)

U.S. Endoscopy Video Processor  | Coherent Market Insights

The increasing prevalence of gastrointestinal disorders is expected to drive the growth of the U.S. endoscopy video processor market.

The major factors contributing to growth of the U.S. endoscopy video processor market are increasing prevalence of gastrointestinal (GI) disorders such as ulcerative colitis, Crohn’s disease, chronic constipation, and other GI tract associated disease. For instance, according to a study published in the Lancet, in October 2017, around 319 cases of Crohn’s disease per 100,000 people were reported in the U.S. Moreover, as per the journal of Gastroenterology’s on Inflammatory Bowel Disease (IBD) in 2017, around 1.6 million patient in the U.S were suffering from IBD.

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U.S. Endoscopy Video Processor Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 196.5 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 4.3% 2028 Value Projection: US$ 264.7 Mn
Geographies covered:
  • U.S.
Segments covered:
  • By Product Type: Video Processors with Display, Video Processors without Display
  • By Application: Upper GI Endoscopy, Colonoscopy, Bronchoscopy, Sigmoidoscopy, ENT Endoscopy, Others
  • By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers
Companies covered:

Olympus Corporation, Fujifilm Holdings Corporation, Karl Storz SE & Co. KG, Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Sonoscape Medical Corp., XION GMBH, and PENTAX Medical

Growth Drivers:
  • Increasing incidences of gastrointestinal and other diseases
  • Increasing geriatric population
  • Rapid innovation in endoscopy technologies
Restraints & Challenges:
  • Architectural challenges in the light source of endoscope system

Figure 2. U.S. Endoscopy Video Processor Market Share (%), By Product Type, 2021

U.S. Endoscopy Video Processor  | Coherent Market Insights

Rising patient preference for minimally invasive surgeries is expected to bring lucrative growth opportunity for the U.S. endoscopy video processor market.

For instance, according to a prospective questionnaire survey based on minimally invasive spine (MIS) versus open surgery was conducted in the U.S. from 2016 to 2017 on 326 patients. The most important variables mentioned by patients when deciding between open and MIS surgery were long-term outcomes, surgeon's advice, and complication risk. In terms of postoperative discomfort, complication risk, recovery time, cost, and anesthesia requirement, patients perceived MIS surgery to be better to open surgery. Most patients seem to prefer a minimally invasive approach to their treatment.

Through very small incisions, an endoscope is used to reach interior groups in these minimally invasive operations. Improved patient quality of life and acceptability, particularly among the elderly, as well as a preference for non-robotic minimally invasive surgery over open surgery, are driving adoption of non-robotic minimally invasive surgery among end users. As a result, the endoscopic video processors market would have a profitable growth opportunity over the forecast period.

U.S. Endoscopy Video Processor Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe. The coronavirus (COVID-19) pandemic and lockdown in various countries across the globe has impacted the financial status of businesses in all sectors. Private healthcare sector is one of the sectors, which is majorly impacted by the COVID-19 pandemic.

COVID-19 disease has affected the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to lockdowns imposed in the U.S., key players are facing problems with regards to transportation of medical instruments from one place to another. Delivering care to patients with GI disease during this crisis is challenging due to competing risks of death or serious complications from SARS-CoV-2, and the likely higher risk of COVID-19 in immune compromised hosts.

U.S. Endoscopy Video Processor Market: Restraint

Architectural challenges in the light source of endoscope system is expected to hamper the U.S. endoscopy video processor market. When LEDs are integrated into the endoscope tip, the entire light flux is available for surgical site illumination. However, in order to prevent the tip from overheating, heat must be transferred to the endoscope's grip. Furthermore, currently actual light source is outside the endoscope in an external unit. The light is transported by means of total reflection through a fiber-optic cable to the endoscope end. This leads to difficulty in handling the medical device.

Key Players

Major players operating in the U.S. Endoscopy Video Processor market include Olympus Corporation, Fujifilm Holdings Corporation, Karl Storz SE & Co. KG, Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Sonoscape Medical Corp., XION GMBH, and PENTAX Medical.

An endoscopy is a medical procedure that allows the examiner to see inside the patient’s body. During an endoscopic therapy, an endoscope is utilized to see inside a hollow organ or cavity of the body. Unlike many other medical imaging procedures, endoscopes are inserted directly into the organ. A long, thin, flexible tube with a light and camera at one end is known as an endoscope. On a television screen, images of the inside of the body are displayed.

Endoscopy video processor are of two types: video processors without display and video processors with display. Endoscopic devices with a video processor and display feature an image sensor built into the endoscope tip that transforms the video signal and displays the resulting image on an LCD monitor. Endoscopic devices with optical viewing bundles that provide clear visuals of the gastrointestinal tract without the use of a monitor are known as video processors without displays.

Market Dynamics

High incidence of gastrointestinal cancer is anticipated to drive the growth of the U.S. endoscopy video processor market over the forecast period. For instance, according to a data published by American Cancer Society (ACS), around 26,560 new cases of stomach cancer are expected to be diagnosed in 2021, of which 16,160 are expected to be in men and 10,400 in women in the U.S. Moreover, technological advancements such as fiberscopes and video assisted endoscopes and increasing awareness regarding early disease diagnostics and advantages associated with minimally invasive diagnostics procedures are driving the growth of the U.S. endoscopy video processor market.

Key features of the study:

  • This report provides in-depth analysis of the U.S. endoscopy video processor market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the U.S. endoscopy video processor market based on the following parameters – company highlights, Product Types portfolio, key highlights, financial performance, and market strategies
  • Key companies covered as a part of this study include Olympus Corporation, Fujifilm Holdings Corporation, Karl Storz SE & Co. KG, Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Sonoscape Medical Corp., XION GMBH, and PENTAX Medical
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The U.S. endoscopy video processor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. endoscopy video processor market

Detailed Segmentation:

  • U.S. Endoscopy Video Processor Market, By Product Type:
    • Video Processors with Display
    • Video Processors without Display
  • U.S. Endoscopy Video Processor Market, By Application:
    • Upper GI Endoscopy
    • Colonoscopy
    • Bronchoscopy
    • Sigmoidoscopy
    • ENT Endoscopy
    • Others
  • U.S. Endoscopy Video Processor Market, By End User:
    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Centers
  • Company Profiles
    • Olympus Corporation
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Fujifilm Holdings Corporation
    • Karl Storz SE & Co. KG
    • Stryker Corporation
    • Boston Scientific Corporation
    • Richard Wolf GmbH
    • Sonoscape Medical Corp.
    • XION GMBH
    • PENTAX Medical

“*” marked represents similar segmentation in other categories in the respective section.

FAQ

Frequently Asked Questions

The U.S. endoscopy video processor market size is estimated to be valued at US$ 196.5 Million in 2021 and is expected to exhibit a CAGR of 4.3% between 2021 and 2028.
Increasing incidences of gastrointestinal and other diseases, increasing geriatric population, and rapid innovation in endoscopy technologies are the major factors driving the market.
Colonoscopy is the major application segment in the market.
Architectural challenges in the light source of endoscope system is the major factor restraining growth of the market.
Major players operating in the market include Olympus Corporation, Fujifilm Holdings Corporation, Karl Storz SE & Co. KG, Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Sonoscape Medical Corp., XION GMBH, and PENTAX Medical
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