Fluorescence and White Light Endoscopy System Market Size is valued at USD 3.17 Bn in 2023 and is predicted to reach USD 14.9 Bn by the year 2031 at a 21.6% CAGR during the forecast period for 2024-2031.
Fluorescence and white light endoscopy systems combine two powerful imaging techniques, white light and fluorescence, for examining internal organs. This combined approach offers health professionals a more comprehensive examination, enabling earlier and more accurate diagnoses, particularly for cancers and precancerous lesions. With its improved visualization capabilities, fluorescence and white light endoscopy is becoming a valuable tool for various endoscopic procedures. Fluorescence and white light endoscopy is expected to play a crucial role in the fight against cancer with technological advances and the development of specific dyes.
Rising requirements for endoscopy to diagnose and treat target diseases, growing focus of hospitals to expand endoscopic units, rising incidence of target disease, and increasing preference for minimally invasive surgeries drive the market for fluorescence and white light endoscopy systems.
However, the high costs of the systems and endoscopy procedures with limited reimbursement in emerging economies, the risk of getting viral infections during endoscopic procedures and the shortage of trained physicians and endoscopists hamper the market growth.
Competitive Landscape
Some Major Key Players In the Fluorescence and White Light Endoscopy System Market:
- Stryker
- KARL STORZ
- Richard-wolf
- Olympus
- Mindray
- Optomedic
- Nuoyuan Medical
- DPM
- Healnoc
- Tuge Medical
- Caring Medical
- SonoScape
Market Segmentation:
The fluorescence and white light endoscopy system market is segmented based on type and application. Based on type, the market is segmented into manual focus and electric focus. By application, the market is segmented into hospitals, ambulatory surgery centres, and biological laboratories.
Based on the Type, the Electric Focus Segment is Accounted as a Major Contributor to the Fluorescence and White Light Endoscopy System Market
The electric focus fluorescence and white light endoscopy system market is expected to hold a major global market share in 2024. Electric fluorescence endoscopy devices utilize innovative technology to improve the vision of tissues and cells. Standard features include automated zoom, focus, and filter selection, all of which can be easily altered by pressing a button. Accuracy, efficiency, and adaptability in diagnosis and treatment are the goals of these systems' development for medical professionals.
Hospitals segment to witness growth at a rapid rate.
The hospital segment makes up the bulk of the fluorescence and white light endoscopy system market as hospitals offer various endoscopic services and have good reimbursement rules, so patients often choose them. The fact that hospitals in industrialized nations have access to cutting-edge endoscopic technology is another reason for their market domination, especially in countries like the US, Germany, the U.K., China, and India.
In the region, the North American Fluorescence and White Light Endoscopy System Market to Hold a Significant Revenue share.
The North American fluorescence and white light endoscopy system market is expected to register the highest revenue share in the near future. This is due to the region's quick adoption of advanced technologies, the high incidence of chronic target conditions, ongoing advancements in endoscopic technologies, and the rising trend towards preference for minimally invasive surgeries.
In addition, Asia Pacific is projected to grow rapidly in the global fluorescence and white light endoscopy system market due to developments in medical imaging technology, developing healthcare infrastructure, and a growing ageing population.
Fluorescence and White Light Endoscopy System Market Report Scope
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Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 3.17 Bn |
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Revenue Forecast In 2031 |
USD 14.92 Bn |
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Growth Rate CAGR |
CAGR of 21.6% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Type and Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Stryker (U.S.), KARL STORZ (Germany), Richard-wolf (Germany), Olympus (Japan), and Mindray (China) |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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