About Flexible Endoscopes Consumption
Flexible Endoscopes are devices used to diagnose and treat a variety of gastrointestinal problems such as stomach pain, reflux, GERD, ulcers, gastritis, difficulty swallowing, digestive tract bleeding, changes in bowel habits and polyps. These devices typical consist of fiber optics that allow for effective transmitting of light and is used in both medical and surgical specialties. Flexible endoscopes are suitable for examination and treatment of internal organs by utilizing the flexibility of the insertion tube and distal end to insert the scope through the mouth or nose. Due to increasing aged population and the adoption of unhealthy lifestyles the prevalence od various diseases will grow and this will increase the flexible endoscopes demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.58% |
The competitive landscape for flexible endoscopes is expected to remain dynamic in the coming years, with new players entering the market and existing players continuing to innovate. The key factors for success in this market will be a strong brand reputation, a broad product portfolio, a focus on innovation, competitive pricing, and a strong distribution network. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Flexible Endoscopes Consumption market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Olympus Corporation (Japan), Fujifilm Corporation (Japan), HOYA Corporation (Japan), Karl Storz (Germany), Stryker Corporation (United States), Boston Scientific (EndoChoice) (United States), Richard Wolf GmbH (Germany), Aohua Endoscopy Co., Ltd. (China), Huger Medical Instrument Co Ltd. (China), Optim (Japan), Kimberly-Clark (United States) and Conmed Corporation are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Karl Storz GmbH & Co Kg (Germany), Hill Rom Holding Inc(United States), Johnson & Johnson (Ethicon, Inc.) (United States), Smith & Nephew plc (United Kingdom) and Xion GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Flexible Endoscopes Consumption market by Type (Fibrescopes and Videoscopes), Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Gastrointestinal Endoscopy, Neuro Endoscopy, Obstetrics/Gynecology Endoscopy, ENT Endoscopy and Others) and Region.
On the basis of geography, the market of Flexible Endoscopes Consumption has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Components, the sub-segment i.e. Control Body will boost the Flexible Endoscopes Consumption market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Flexible Endoscopes Consumption market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements
Market Growth Drivers:
Rising Number of Hospitals and Growing Hospital Investments in Endoscopy Facilities and Growing Demand for Endoscopy
Challenges:
Lack of Trained Endoscopists and Physicians
Restraints:
High Cost of Endoscopy Procedures
Opportunities:
Increasing Healthcare Awareness in Emerging Economies and Adoption of Invasive Surgeries Has Encouraged The Use Of Various Endoscopic Devices For Diagnosis
Market Leaders and their expansionary development strategies
In January 2022, TSC Endovision and Flexicare announce distribution partnership an exclusive partnership for the distribution of TSC Endovision’s Broncoflex™, an innovative single-use bronchoscope, in the US market.
In October 2023, Olympus Corporation, a global medical technology company committed to making people's lives healthier, safer and more fulfilling, announced today the market launch of its next-generation EVIS X1™ endoscopy system, which will be on display and demonstrated
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Flexible Endoscopes Consumption Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.