Rapid innovation in endoscopy technologies is expected to drive growth of the endoscopy video processor market. For instance, MATRIX Spectar, a product of XION GmbH, is the first adaptive camera processor, which allows operation of all camera heads, rigid and flexible video endoscopes, as well as video compact systems for 2D and 3D endoscopy with the best image quality. For this innovation, XION GmbH won Innovation Award Berlin Brandenburg in 2016. It has optical and electronic zoom system designed for native sensor resolutions up to 4K.
Moreover, in March 2017, Olympus Corporation launched VISERA ELITE II, a compact surgical endoscope system with an infra-red (IR) imaging capability. This makes the system smaller and lighter and provides wide space to hospital and aids in reducing providers workload. Furthermore, in December 2017, company launched another product, LTF-S300-10-3D ENDOEYE FLEX 3D deflectable videoscope, a new 3D surgical endoscope, designed for use with VISERA ELITE II.
Endoscopy Video Processor Market Restraint
Product recalls due to failures in meeting regulatory standards as per U.S. Food and Drug Administration (USFDA) is expected to restrain growth of the endoscopy video processor market.
For instance, in October 2017, USFDA recalled Fujifilm Medical Systems U.S.A., Inc.’s product- Ultrasonic Endoscope Model Number ED-530XT (a duodenoscope, designed for visualizing the duodenum and the upper digestive track) for updating labels and design and correcting past incidence of infections.
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Endoscopy Video Processor Market – Regional Analysis
On the basis of region, the global endoscopy video processor market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Based on region, North America is projected to gain major share in the endoscopy video processor market, owing to rapid development of imaging technologies for endoscopic procedures. For instance, Olympus Medical Systems Group, in October 2018, introduced OER-Mini tabletop endoscope reprocessor for ear, nose, and throat in the U.S. OER-Mini is a tabletop endoscope reprocessor that helps to improve reprocessing efficiency by removing some manual steps of reprocessing endoscopes with high level disinfecting.
Asia Pacific region is forecasted to witness significant growth in the endoscopy video processor market due to expansion of key players in India. For instance, in October 2018, Fujifilm India Private Limited, launched ELUXEO 7000 Series— novel image-enhanced endoscopy products— which have Blue Light Imaging (BLI) / Linked Color Imaging (LCI) technology to help in early detection of all types of gastro cancers, in India.
Endoscopy Video Processor Market – Competitive Analysis
Key players in endoscopy video processor market include Fujifilm India, Olympus Corporation, Karl Storz SE & Co. KG, Stryker, XION GmbH, Boston Scientific Corporation, Richard Wolf GmbH, Shenda endoscope china shenda endoscope., SonoScape Medical Corp., and Media Data Systems Pte Ltd.
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