We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us

Download Mobile App




Events

ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Global Endoscopic Imaging Systems Market Driven by Increasing Adoption of AI and Minimally Invasive Procedures

By HospiMedica International staff writers
Posted on 01 Nov 2022
Print article
Image: The global endoscopic imaging systems market is expected to reach USD 6.94 billion by 2030 (Photo courtesy of Pexels)
Image: The global endoscopic imaging systems market is expected to reach USD 6.94 billion by 2030 (Photo courtesy of Pexels)

The endoscopic imaging systems market is an established market and has witnessed significant advancements over the past few years. The global endoscopic imaging systems market was valued at USD 3.64 billion in 2021 and is expected to grow at a CAGR of 7.43% during the forecast period 2022-2030 to reach USD 6.94 billion by 2030. The market growth is likely to come on the back of the growing adoption of minimally invasive procedures, improving clinical quality of endoscopic procedures, and increasing technology integration in endoscopic imaging systems.

These are the latest findings of Research and Markets (Dublin, Ireland), a market research firm.

The COVID-19 pandemic was an unprecedented event to affect the global healthcare system. Healthcare systems in various economies collapsed, and technology integration skyrocketed. Endoscopic procedures were impacted similarly during the initial phase of the pandemic. Several non-emergency procedures were delayed or canceled in order to minimize infection risk during the early months of 2020. Similar to other medical specialties, the adoption rate of endoscopic imaging systems was also negatively impacted. The limited demand for new devices, high costs of endoscopic imaging systems, and supply chain disruptions hampered production and sales of endoscopic imaging systems, particularly during the peak of the pandemic in 2020.

However, during the forecast period 2022-2030, the adoption rate of endoscopic imaging systems is expected to normalize to the pre-COVID-19 levels. The allocation of funds for purchasing new devices and the pace of procurement decisions will be the key factors to impact the device adoption rates. The increasing demand for minimally invasive procedures will propel advancements in endoscopy and improve its adoption among end users such as physicians. The adoption of artificial intelligence (AI) in endoscopic procedures and the entry of local companies in the regional endoscopic imaging systems market will offer significant growth opportunities in the global endoscopic imaging systems market. Moreover, the increasing demand in developing regions will also provide an opportunity for market growth. Based on application, the diagnostic endoscopic imaging systems segment is expected to dominate the global endoscopic imaging systems market during the forecast period 2022-2030.

Related Links:
Research and Markets

Gold Supplier
12-Channel ECG
CM1200B
New
Silver Supplier
6880
Chair Scale
New
Portable X-Ray System
Delft Light
New
Warming Cabinet
EC1540

Print article
Radcal

Channels

Critical Care

view channel
Image: An earbud prototype that has been wired for data collection (Photo courtesy of MUSC)

Earbuds to Outperform Smartwatches in Monitoring Blood Pressure

While blood pressure cuffs are considered the most accurate method of measurement, they require the user to sit down, put on the cuff, and stay still. This can be inconvenient and may lead to errors in... Read more

Surgical Techniques

view channel
Image: New robust thermosensitive bioadhesives can improve surgical sealing (Photo courtesy of Pexels)

New Surgical Sealing Biomaterial Could Eliminate Standard Methods of Suturing and Stapling

For surgical wounds to be properly closed, the sealant material used must effectively seal on wet, slippery tissue surfaces that vary in shape and may involve tissue movement, such as an expanding lung,... Read more

Health IT

view channel
Image: Using digital data can improve health outcomes (Photo courtesy of Unsplash)

Electronic Health Records May Be Key to Improving Patient Care, Study Finds

When a patient gets transferred from a hospital to a nearby specialist or rehabilitation facility, it is often difficult for personnel at the new facility to access the patient’s electronic health records... Read more
Copyright © 2000-2023 Globetech Media. All rights reserved.