Increasing Number of Colonoscopies And Sigmoidoscopies Spurring The Demand Of Flexible Endoscopes

Posted on 2018-08-17 by Goldstein Research in Healthcare // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ —According to Goldstein Research, global flexible endoscopes market is segmented on the basis of product type, 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.

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Increasing number of population suffering from chronic gastroesophageal reflux is likely to fuel the demand of gastrointestinal (GI) endoscopy in the near future.North America is expected to reach value USD 2.52 million by 2024 from value USD 1.57 million in 2016. Whereas, Europe flexible endoscopes market valued USD 1.18 million in 2016 and is projected to reach value of USD 1.89 million by the end of 2024. Low risk procedure and favorable recovery by health insurance is a major factor which is raising the adoption rate of flexible endoscopes in the UK, France, Germany and other European countries.

“Global Flexible Endoscopes Market Report Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry flexible endoscopes manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Flexible Endoscopes Market Segmentation can be classified on the basis of:

By Product Type

Colonoscopes
Gastroscopes
Bronchoscopes
Duodenoscopes
Nasopharyngoscopes
Other (Laryngoscopes, Pharyngoscopes)

By Application

Gastrointestinal (GI) Endoscopy
Laparoscopy
Obstetrics/Gynecology Endoscopy
Urology Endoscopy
Bronchoscopy
Otoscopy
Other (Neuroendoscopy, Thoracoscopy, Rhinoscopy)

By End User

Hospitals
Diagnostic Labs
Ambulatory Surgery Centers (ASCs)

By Geography

North America (US, Canada)Flexible EndoscopesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Flexible EndoscopesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Flexible EndoscopesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America)Flexible EndoscopesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Flexible EndoscopesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Market Trends, Drivers & Challenges

As of 2014, nearly 136,830 people are diagnosed with colorectal cancer as per the study performed by Center for Disease Control & Prevention. Colorectal cancer is the third leading type of cancer which causes maximum deaths worldwide. Government has reimbursement policies to cover colorectal cancer screening in US, which is likely to fuel flexible endoscope market in North America region. Growing popularity of minimally invasive therapies and advancement in medical system is boosting the flexible endoscopes market. Increase in investment of endoscopy instruments by hospitals due to rising patient preference for minimally invasive surgeries and favorable reimbursement policies is driving the growth of flexible endoscopes market.However, stomach infection, perforation, or a tear of the stomach or esophagus lining and bleeding during the process of endoscopy is limiting the patient preference for flexible endoscopes.

“Global Flexible Endoscope Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global flexible endoscope market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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By Product Type

By Application

By End User

By Geography

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