Endoscopic equipment are medical devices used to perform minimally invasive medical procedures by visualizing the inside of body cavities or organs. They allow internal examinations without major surgical procedures and enable procedures such as gastrointestinal endoscopy, arthroscopy, laparoscopy, hysteroscopy, angioscopy, and bronchoscopy. Endoscopic equipment find wide applications across various medical specialties including gastroenterology, pulmonology, orthopedics, gynecology, urology, and ENT. The global endoscopic equipment market is estimated to be valued at US$ 35.2 billion in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the endoscopic equipment market is the rising adoption of minimally invasive surgeries over traditional open surgeries. Minimally invasive surgeries are associated with reduced post-surgical complications, lesser pain, shorter hospital stay, and quicker recovery time. This has boosted the adoption of endoscopic equipment in healthcare facilities globally. According to the Society of American Gastrointestinal and Endoscopic Surgeons, in the U.S., over 7 million gastrointestinal endoscopy procedures are performed annually as of 2018. Furthermore, technological advancements in endoscopy such as the development of robot-assisted endoscopic equipment and single-incision laparoscopic surgery are also contributing to market growth. However, the high cost of endoscopic equipment and procedures may hinder market growth.
SWOT Analysis
Strength: Video borescopes have high image quality which enables clear visualization of areas that are difficult to access directly. They offer cost effectiveness as they prevent the need for complete equipment disassembly. They provide versatility as different types of videoscopes are available for industrial and medical applications.
Weakness: Videoscopes require specialized skills for operation and maintenance. Improper handling can damage the equipment.
Opportunity: Rising demand from industries like automotive, aerospace and manufacturing is driving the videoscopes market. Growing medical sector worldwide also offers new opportunities.
Threats: Competition from alternative inspection methods. Economic slowdowns can impact capital expenditures of industries negatively.
Key Takeaways
The Global Video Borescopes Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is estimated to reach US$ 814.7 Million in 2024.
Regional analysis: North America dominates the global market currently owing to large industrial and manufacturing sectors in the region. The region is expected to continue its dominance in the coming years as well. Asia Pacific region is projected to witness fastest growth on account of rapid industrialization and infrastructure development activities. Countries like China, Japan and India will be major contributors to the growth of video borescopes market in Asia Pacific.
Key players: Key players operating in the video borescopes market are Olympus, GE, Karl Storz, SKF, MORITEX, Mitcorp, VIZAAR, Yateks, Gradient Lens, Lenox Instrument, AIT, Schindler, and OTEC. Olympus, GE and Karl Storz capture majority market share due to their well-established brands and wide distribution network globally.
Get More Insights Here
https://www.newsstatix.com/video-borescopes-market-size-share-growth-outlook-2023/
The North America Metro Ethernet Services Market size is projected to reach USD 27.1 billion by 2025 and projected to register 4.8% CAGR over the forecast period from 2018 to 2025, according to a new report by Million Insights.
Increasing demand for high quality video streaming and video content is a major factor to drive the market growth.
Key Players:NewWave Communications; Charter Communications, Cogent Communications, Inc.; Level 3 Communications (CenturyLink); Telefonaktiebolaget LM Ericsson Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/north-america-metro-ethernet-services-market/request-sample Market Synopsis of North America Metro Ethernet Services Market: In this region, factor such as rising demand for Ethernet services in metro cities is growing consolidation of data centers which influences the need for improved bandwidth as well as performance.
Enterprises in this region are extensively influenced by increasing need to adopt high-quality, fast and cost-effective carrier services in to manage increasing data traffic in metro areas across countries including Canada and U.S. On the other hand E-Line and E-LAN services are expected to hold major share collectively during the forecast period.
On the bases of category, the demand for Ethernet services for retail/enterprises in metro areas will play a vital role in the near future.
This is due to increasing demand for video conferencing, VoIP, and high quality video content and video streaming across enterprise/retail sector in metro areas.
Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/25567 Global Borescopes market size will reach 830 million US$ by 2025, from 600 million US$ in 2017, at a CAGR of 4.1% during the forecast period.
UpMarketResearch offers a latest published report on “Global Borescopes Market Analysis and Forecast 2018- 2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
For More Information On This Report, Please Visit https://www.upmarketresearch.com/home/enquiry_before_buying/25567 The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region- wise Analysis Global Borescopes Market covers:North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) The Major players reported in the market include:OlympusGEKarl StorzSKFMORITEXMitcorpVIZAARYateksGradient LensLenox InstrumentAITSchindler Global Borescopes Market: Product Segment Analysis:Flexible BorescopesRigid Borescopes Global Borescopes Market: Application Segment Analysis:General IndustryAutomotiveAerospaceConstruction To Buy This Report and Get It Delivered In Your Inbox Within 24 Hours @ https://www.upmarketresearch.com/buy/borescopes-market “Borescopes Market Analysis and Forecast 2018- 2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
The report also calls for market- driven results deriving feasibility studies for client needs.
