North America 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 Centers, Ambulatory Surgical Centers and Others), Distribution Channel (Direct Tender and Third Party Distributors), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
North America surgical visualization products market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.1% in the forecast period of 2021 to 2028 and is expected to reach USD 2,543.60 million by 2028 from USD 947.72 million in 2020. Technological advancements in multifunctional surgical power tools and increasing need for surgical power tools are the major drivers which propelled the demand of the market in the forecast period.
Surgical visualization is a technique for inspecting, manipulating and treating internal organs by visualizing the region of interest minimal-invasively or even noninvasively during surgical procedure. It helps surgeons to see efficiently which results in better outcomes. The surgical visualizations systems reduce the reflections and increases the usable contrast ratio which further helps in visualization of the body during surgeries. Surgery plays a major role in the wide spread usage of endoscopic therapeutic procedures. A triggering factor for improving endoscopic instruments and their widespread use is the contribution of surgeons to the evolution of endoscopic applications and their practice. Increasing advancement in technology and increasing prevalence of chronic diseases propelling the growth of market.
Surgical visualization is widely preferred by surgeons and healthcare professionals to evaluate, inspect, and treat internal organs from a distance from the target organs without using incision. They are manufactured in a way to obtain images of both hard and soft tissues along with restorations. The growing number of surgeries which has further propelled the demand of the surgical visualization products. The high prevalence of organ failures, cancer and chronic lifestyle disorders across globe and the rising geriatric population are likely to fuel the growth of the surgical visualization products market.
The North America surgical visualization products report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America surgical visualization products market is categorized into four notable segments which are based on basis of product type, application, end user and distribution channel.
- On the basis of product type, the North America surgical visualization products market is segmented into endoscopic camera, accessories, light sources, display and monitors, video recorders & processor, camera heads and video converters. In 2021 endoscopic camera segment is expected to dominate the global surgical visualization products market as it allows private practitioners, specialty clinics to improve surgical procedures with precision.
- On the basis of application, the North America surgical visualization products market is segmented into arthroscopy, laparoscopy, ENT endoscopy, obstetrics/gynaecology endoscopy, urology endoscopy, gastroscopy and others. In 2021, the arthroscopy segment is expected to dominate the market, due to benefits of arthroscopy like lower infection rates as compared to other applications.
- On the basis of end user, the North America surgical visualization products market is segmented into hospital, specialty clinics, diagnostic imaging centres, ambulatory surgical centres and others. In 2021, the hospital segment is expected to dominate the market, due to increasing construction of hospitals for the public healthcare.
- On the basis of distribution channel, the North America surgical visualization products market is segmented into direct tender and third party distributors. In 2021, the direct tender segment is expected to dominate the market as key players are directly distributing the products rather than going to third party distributor.
North America Surgical Visualization Products Market Country Level Analysis
North America surgical visualization products market is analysed and market size information is provided on basis of country, product type, application, end user, and distribution channel.
The countries covered in the Visualization Products Market report are U.S., Canada and Mexico.
U.S. is expected to dominate in the market and leading the growth in the North America market due to continuous increasing demand and application of surgical power tools.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Strategic Initiatives by Market Players Is Creating New Opportunities in the Surgical Visualization Products Market
North America surgical visualization products market also provides you with detailed market analysis for every country growth in visualization products, impact of advancement in North America surgical visualization products and changes in regulatory scenarios with their support for the North America surgical visualization products market. The data is available for historic period 2011 to 2019.
Competitive Landscape and North America Surgical Visualization Products Market Share Analysis
North America surgical visualization products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America surgical visualization products market.
The major companies providing surgical visualization products are Smith & Nephew, CONMED Corporation, FUJIFILM Asia Pacific Pte. Ltd. (A Subsidiary of FUJIFILM Corporation), Zowietek Electronics, Ltd., Richard Wolf GmbH, Medtronic, Laborie, Happersberger otopront GmbH, ACUTRONIC Medical Systems AG, I.C.LERCHER-Solutions GmbH, Wuzhou aokace Technology Co., Ltd., Fude Technology Group Limited, MEDI-CARE SOLUTIONS S.R.L, Stryker, Olympus Corporation of the Americas, Boston Scientific Corporation, B. Braun Melsungen AG, Cook, Optomic, SonoScape Medical Corp., EC21 Inc., Erond, Xuzhou AKX Electronic Science And Technology Co., Ltd, KARL STORZ, ESC Medicams Medical Devices Business Services, Inc (A subsidiary of Johnson & Johnson), HOYA Corporation, Vims and North-Southern Electronics Limited among others.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the North America surgical visualization products market.
- In April 2021, Olympus Corporation of the Americas has launched H-SteriScope Single-Use Bronchoscopes, a line of five premium endoscopes for use in advanced diagnostic and therapeutic procedures. This has helped the company to expand business through product portfolio and thereby sustain footprints in the market
Customization Available: North America Surgical Visualization Products Market
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