Global Surgical Visualization Products Market – Industry Trends and Forecast to 2030

Global Surgical Visualization Products Market, By Product Type (Endoscopic Camera, Accessories, Light Sources, Display and Monitors, Video Recorders & Processor, Camera Heads and Video Converters), Application (Arthroscopy, Laparoscopy, ENT Endoscopy, Obstetrics/Gynaecology Endoscopy, Urology Endoscopy, Gastroscopy and Others), End User (Hospital, Specialty Clinics, Diagnostic Imaging Centres, Ambulatory Surgical Centres and Others), Distribution Channel (Direct Tender and Third Party Distributors), Country (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, Austria, Hungary, Poland, Ireland, Lithuania, Norway, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Kuwait and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.

Surgical Visualization Products Market Analysis and Size

Rising number of ophthalmology, gynaecology, urology, dentistry, and reconstructive surgeries have carved the way for the growth of surgical visualization products. Surgical visualizations products are the systems that are generally used in operating rooms during surgical procedures. Surgical visualizations products are used by doctor and surgeons to diagnose or operate procedures efficiently in order to receive the better outcomes

Data Bridge Market Research analyses that the surgical Visualization Products market which was USD 2,352.65 million in 2022, would rocket up to USD 6,024.52 million by 2030, and is expected to undergo a CAGR of 13.55% during the forecast period. This indicates the market value. Arthroscopy dominates the application segment of the surgical visualization products market owing to the growing demand for surgical procedures. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Surgical Visualization Products Market Scope and Segmentation

Market Definition

Surgical visualization products can be defined as devices that provide surgeons with better visualization of the surgical site. These systems include two movable arms and a viewing platform mounted on the distal end of the first moving arm.

Global Surgical Visualization Products Market Dynamics

Drivers

• Rising number of surgeries

A growing number of surgical procedures is directly influencing the demand for medical instruments that offer more precision, and emerging technologies, such as wide-angle illumination, red reflex illumination, and augmented reality (AR) microscopy. This in turn is expected to carve the way for the growth of the market.

• Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted to develop medical instruments is also expected to drive the market growth rate.

• Growing investment for healthcare facilities

Surging focus on improving the condition of healthcare facilities and improving the overall healthcare infrastructure is another important factor fostering the growth of the market. The rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further expected in creating lucrative market opportunities.  

Opportunities

Furthermore, an upsurge in the public-private funding for target research activities, rising demand for minimally invasive surgeries, growing participation of youngsters in sports, and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, the rising internet penetration rate, increasing adoption of arthroscopic surgeries, rise in the elderly and obese population globally, and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraints/Challenges

On the other hand, high costs associated with research and development proficiencies, limited infrastructural facilities, high costs associated with sports medicine, and a dearth of awareness in backward economies are expected to obstruct market growth. Also, the lack of favorable reimbursement scenarios and technology penetration in developing economies, the heavy customs duty imposed on medical devices, and the lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.

This surgical visualization products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical visualization products market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

• In February 2021, Laborie Medical Technologies, in Partnership with Urotronic Inc., Announces the Completion of the First Optilume Procedure in Europe. The company stated that technology for use in urethral strictures and benign prostatic hyperplasia was granted CE Mark approval
• In October 2020, Surgical Optics launched CLEARlog which is an app designed to analyze clinical outcomes of Cataract and RLE surgery. The company said this will help surgeons quickly and efficiently record and analyze their cataract and RLE practice patterns and clinical outcomes

Global Surgical Visualization Products market Scope

The surgical visualization products market is segmented on the basis of product type, application, distribution channel, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Endoscopic Camera
• Accessories
• Light Sources
• Display and Monitors
• Video Recorders & Processor
• Camera Heads and Video Converters

Application

• Arthroscopy
• Laparoscopy
• ENT Endoscopy
• Obstetrics/Gynaecology Endoscopy
• Urology Endoscopy
• Gastroscopy
• Others

End User

• Hospital
• Specialty Clinics
• Diagnostic Imaging Centres
• Ambulatory Surgical Centres
• Others

Distribution Channel

• Direct Tender
• Third Party Distributors

Global Surgical Visualization Products Market Regional Analysis/Insights

The global surgical visualization products market is analysed and market size insights and trends are provided by country, type, price range, application, and end user as referenced above.

The countries covered in the surgical visualization products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the surgical visualization products market because of the strong base of healthcare facilities, the strong presence of major players in the market increases cases of surgical procedures among athletes, and the rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The surgical visualization products market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the surgical visualization products market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the surgical visualization products market. The data is available for the historic period 2010-2020.

Competitive Landscape and Surgical Visualization Products Market Share Analysis

The surgical visualization products market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the surgical visualization products market.

Some of the major players operating in the surgical visualization products market are:

• Novartis AG (Switzerland)
• Smith & Nephew (U.K)
• FUJIFILM Asia Pacific Pte. Ltd (Japan)
• Medtronic (U.S)
• Laborie (Netherlands)
• ACUTRONIC Medical Systems AG (U.S)
• I.C.LERCHER-Solutions GmbH (Germany)
• Wuzhou aokace Technology Co., Ltd. (China)
• MEDI-CARE SOLUTIONS S.R.L(Romania)
• Stryker (U.S)
• Olympus Corporation of the Americas (U.S)
• Boston Scientific Corporation (U.S)
• B. Braun Melsungen AG (Germany)
• Optomic (Spain)
• SonoScape Medical Corp (U.S)
• EC21 Inc. (South Korea),
• Xuzhou AKX Electronic Science And Technology Co., Ltd (China)
• KARL STORZ (Germany)
• ESC Medicams  (India)
• HOYA Corporation(Japan)