Medical Videoscopes Market Sees New Dawn

As per insights by Fact.MR, the global market for medical videoscopes is estimated to surpass US$ 30 Bn by the end of 2031 in comparison to the valuation of US$ 22 Bn registered in 2020.To get more news aboutvideo borescope, you can visit seesemborescopes.com official website.

Due to rising technological advancements in the field of endoscopy, the market is likely to exhibit growth at a CAGR of 5% over the forecast period 2021-2031. The global medical videoscopes market is expected to grow at a significant rate owing to the rising preference for minimally invasive surgeries and a surge in technological advancements for miniaturization of medical videoscopes.

Several innovations in design witnessed in the market include, increased angles in the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems combined with high-resolution technologies such as 3D systems, and miniaturized endoscopy systems.
The market continues to witness steady growth owing to the rising scope for application in video assisted procedures such as bariatric, thoracic, laparoscopic, general endoscopic, and posterior/anterior spinal care.

Among various applications, bronchoscopy technology is widely adopted by leading manufacturers. Fact.MR has estimated that it will rise at a CAGR of 6% over the forecast period 2021 and 2031, surpassing a valuation of US$ 3 Bn by the end of 2031.

Regionally, North America will emerge as a highly lucrative market, accounting for 30% of the sales of medical videoscopes through 2031. Demand for the U.S. market remains positive driven by rising adoption of minimally invasive surgeries and growing neurological disorders.

"Evolution of endoscopic cameras from single-chip cameras to HD cameras and further to 3D cameras has pave way for major advancements in visualization system, which, in turn will bolster future growth prospects," said a Fact.MR analyst.

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