LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global medical videoscopes market report from 2017-2021. This market research report also lists 24 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global medical videoscopes market has the presence of many key players who occupy a significant share in the market. Global players are focused on designing and manufacturing medical videoscopes and capsule endoscopes that can decrease the complication and risk to the patients. The market is witnessing substantial growth as the vendors are offering advanced products and services.
According to Barath Palada, a lead analyst at Technavio for orthopedics and medical devices research, “The demand for medical videoscopes is set to increase due to rise in prevalence of chronic diseases as they are used in diagnosis and treatment. There is a presence of large patient pool with chronic disorders such as stroke, cancers, arthritis, orthopedics, GI disorders, urology disorders and many other neurodegenerative disorders.”
According to the CDC, about 117 million adults in the US have chronic illness, and seven out of 10 deaths correspond to chronic health diseases. To detect a wide range of diseases less invasively with the aid of advanced visualization systems, medical videoscopes are usually used.
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Technavio market research analysts identify the following key vendors:
Olympus operates in three core business domains that include scientific solutions, imaging, and medical business unit. The company offers a wide range of endoscopes in a variety of core materials, coatings, tips, and sizes under the surgical devices sub segment of medical business product divisions. The company offers the rigid endoscopes that are meant for laparoscopic surgical procedures, such as laparoscopy and cystoscopy and made from a lens contained in a metal tube.
KARL STORZ develops, designs, manufactures, and sells medical devices and instruments. It offers a wide range of endoscopic equipment for veterinary and human medicine for oral and maxillofacial surgery, neurosurgery, ENT, cardiovascular surgery, plastic surgery, anaesthesiology, emergency medicine, thorax, gastroenterology notes, and other associated procedures. The company offers videoscopes, laparoscopes, and light sources. The company manufactures more than 15,000 products.
The company offers medical endoscopes, eyeglasses, optical lenses, and intraocular lenses as well as key components for LCD panels, and semiconductor devices. It offers flexible endoscopes through its division, PENTAX Medical. The company engages in the development of medical imaging equipment worldwide. HOYA GROUP offers a broad range of cutting-edge flexible videoscopes and also provides high-quality after-sales services. Also, with the acquisition of Wassenburg Medical in 2013, the company expanded its product portfolio with the addition of high-end automated endoscope reprocessors (AERs).
FUJIFILM develops, produces, sells, and services imaging, information, and document solutions for individual consumers and commercial enterprises, primarily in Japan, the Americas, Europe, and the rest of Asia. It operates through three segments namely, imaging solutions, information solutions, and document solutions. Its information solutions segment offers equipment and materials for medical systems, life sciences products, pharmaceuticals, graphic arts, flat panel display materials, recording media, optical devices, electronic materials, and related products.
Stryker is one of the world's leading companies in medical technology. It offers a diverse array of innovative products and services in the field of medical and surgical, orthopedics, neurotechnology, and spine that help to improve patient lives and hospital outcomes. Its products include implants used in joint replacement and trauma surgeries; endoscopic and communication systems; surgical equipment and surgical navigation systems; neurosurgical, neurovascular, and spinal devices; patient handling and emergency medical equipment; and other medical device products used in a variety of medical specialties.
Richard Wolf engages in the design and manufacture of medical devices and instruments for endoscopic diagnosis and treatment. It offers a broad category of endoscopes which are used in various key areas such as laparoscopy, arthroscopy, thoracostomy, general surgery, visualization ENT, orthopedics, pediatrics, pulmonology, gynecology, proctology, shockwaves, thoracic surgery, spine surgery, and urology. The company also develops products for technoscopy, extracorporeal shock wave lithotripsy and the various solutions for industrial applications.
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