Advancement in medical-optics technology used in endoscopic devices is likely to fuel the demand of flexible endoscopes: Rising trend in manufacturing smaller endoscopic devices, shifting to HD (High Definition) and 3D systems and increasing adoption of micro endoscope is driving the global endoscope market eventually boosting demand of global flexible endoscope market. Growing popularity of minimally invasive therapy is dynamically increasing the demand of flexible endoscope across the globe.
The global flexible endoscopes market is segmented on the basis of product type, based on application and by end-user. Application segment is further categorized into Gastrointestinal (GI) Endoscopy, Laparoscopy, Obstetrics/Gynaecology Endoscopy, Urology Endoscopy, Bronchoscopy, Otoscopy and Other (Neuroendoscopy, Thoracoscopy, Rhinoscopy). Among these segments gastrointestinal endoscopy held the largest revenue share of flexible endoscope market in 2015. Increasing number of population suffering from chronic gastroesophageal reflux is likely to fuel the demand of gastrointestinal (GI) endoscopy in the near future.
Geographically, North America held the largest revenue share of global flexible endoscopes market in 2016. North America flexible endoscope market is projected to grow at a CAGR of 6.81% and is expected to dominate the market during the forecast period. Rising number of cancer patients and favourable reimbursement policies is anticipated to propel the flexible endoscopes market in the region.
Increasing Safety during Endoscopy
Bleeding which occurs during the endoscopic procedure is the major restraining factor in the growth of flexible endoscopes market. To overcome this problem, in 2016, HOYA Group Pentax Medical introduced an innovative device for gastric cancer treatment named HemoStat WideCup. This device is designed to control bleeding and provide easy handling while screening and treatment of gastric cancer.
“Global Flexible Endoscopes Market Outlook 2024” contains detailed overview of the global flexible endoscopes market in terms of market segmentation by product type, by application type and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global flexible endoscopes market which includes profiling of companies Ethicon, Inc , Olympus Corporation, Boston Scientific Corporation, Pentax Medical Corporation, Stryker Corporation, Medtronic plc, FUJIFILM Holdings and KARL STORZ. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global flexible endoscopes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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