“Global Duodenoscopes Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments. The global duodenoscopes market is expected to grow at a CAGR of 6.83% during the forecast period 2017-2023.
MarketResearchFuture.com adds “Duodenoscopes Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.
Global Duodenoscopes Market – Overview:
Duodenoscope is flexible, lighted weighted tubes that are released through the mouth, throat, and stomach into the top of the small intestine. These are specially designed side viewing endoscope for Endoscopic Retrograde Cholangiopancreatography (ERCP) procedures, which will help to diagnose diseases associated with pancreas and bile ducts with the help of fluoroscopic imaging procedure. Duodenoscopes are being used in more than 650,000 gastrointestinal procedures in the U.S every year. This is a minimally invasive way to drain out fluids from biliary and pancreatic ducts which are blocked by cancerous tumors, gallstones or others.
Duodenoscope is a more complex device with respect to other endoscopes and is tougher to clean and disinfect. These devices plays an essential role in the treatment of patients, but there has been some evidences which shows that some patients have been transmitted with hospital born and other infectious agents, including antibiotic drug-resistant infections due to these devices. In 2013, the Centers for Disease Control and Prevention (CDC) alerted the FDA regarding possible association of multidrug resistant bacterial infections and duodenoscopes. From January 2013 through December 2014, ERCP was associated with infections in 135 patients.
FUJIFILM Holdings Corporation, KARL STORZ GmbH & Co. KG, PENTAX Medical, Olympus Corporation, Custom Ultrasonics, Inc., ENDOMED, and SonoScape and others are some of the prominent players at the forefront of competition in the global duodenoscopes market and are profiled in MRFR Analysis.
The market of duodenoscopes is growing moderately. Increasing prevalence of pancreatic, bile duct cancer tumors and various gastrointestinal conditions are the major factors contributing to the growth of the global duodenoscopes market. In addition, increasing research and development and technological advancements to identify the causes and risk factors for transmission of infectious agents with duodenoscopes and developing new solutions to minimize patient exposure is another major driver, fuelling the global duodenoscopes market growth. However, increasing FDA recalls for duodenoscopes due to challenging cleaning and high-level disinfection procedures and rising multidrug-resistant bacterial infections are major factors which are restraining the growth of global duodenoscopes market.
According to the latest WHO report (World Health Organization), in 2015, 8.8 million people died across the globe from cancer, which is nearly 1 in 6 of all the global deaths. According to the WHO, approximately 70% of deaths from cancer occur in low- and middle-income countries. Moreover, according to a report by the World Gastroenterology Organization, (2014), 35-40% of world’s total population had acute or chronic GI complication.
Some of the key players in this market are FUJIFILM Holdings Corporation, KARL STORZ GmbH & Co. KG, PENTAX Medical, Olympus Corporation, Custom Ultrasonics, Inc., ENDOMED, and SonoScape.
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- The global Duodenoscopes Market is expected to reach USD 4,815.50 million by 2023 at a CAGR of 6.83%.
- In flexible duodenoscopes, video duodenoscope is the fastest growing segment, which is projected grow at a CAGR of 7.49% during the forecast period from 2017-2023.
- Americas hold the largest share of the duodenoscopes market and is expected to reach USD 4,147.66 million by 2023.
- Asia Pacific is the fastest growing region across the globe and expected to grow at a rate of CAGR 11.01% during the forecast period.
May, 2015 Fujifilm Holdings Corporation has acquired company TeraMedica, Inc., in the United States
Jan, 2017 PENTAX Medical had acquired C2 Therapeutics to expand interventional endoscopy offering
Aug, 2014 Fujifilm, TMDU and Sao Paulo University Hospital signed an agreement for the promotion of diagnostic system for colorectal cancer in Brazil
Jul, 2017 PENTAX Medical has announced the collaboration with AOHUA to improve the standard of patient care and quality of healthcare
Jul, 2016 PENTAX Medical launched new high-definition pulmonology endoscopy system to deliver outstanding HD image quality
Global Duodenoscopes Market – Regional Analysis:
Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.
The Americas account for the major share of the market owing to the presence of patient population, well-developed technology, and high healthcare expenditure. To improve the quality of the diagnosis & treatment, the demand for the advanced devices have increased. According to the National Institute of Diabetes and Digestive and Kidney Diseases, approximately 60 to 70 million people are affected by either major or minor GIT diseases.
Europe holds the major share of the market, which is majorly contributed by Germany, the U.K., and France. The major driving factor of the market are increasing prevalence of gastrointestinal diseases, increasing government support for development of healthcare domain, and well developed technology. Moreover, increasing emphasis on rapid diagnosis and treatment of cancer and infectious diseases, change in lifestyle, high prevalence of cancer among geriatric population drives this market in Europe.
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Asia Pacific is the fastest growing duodenoscope market owing to rapidly changing healthcare sector, and the presence of huge opportunities for the development of this market. However, the Middle East & Africa has the least share in the market owing to the presence of poor and slow developing countries, especially, in African region. The Middle East holds the major share of the regional market due to well-developed technology and high spending.
The global duodenoscopes market is segmented on the basis of types, application, and end user.
On the basis types, it is segmented into rigid duodenoscopes and flexible duodenoscopes. The flexible duodenoscopes is further segmented into fiber-optic duodenoscope and video duodenoscope.
On the basis of application, it is segmented into diagnosis and treatment. The diagnosis is further segmented into detect abberations, trauma or surgical complications in bile or pancreatic ducts, tumors or cancers of the bile ducts, inflammation of the pancreas, chronic pancreatitis, pancreatic pseudocysts, and tumors or cancers of the pancreas. The detect abberations is further segmented into bile duct, cystic duct, hepatic ducts, and pancreatic ducts. Treatment is further segmented into cannulation, sphincterotomy, stone management, and drainage of the bile duct.
On the basis of end user, it is segmented into gastrologists, general and pediatric surgeons, hospitals, speciality clinics, and others.
What makes our report unique?
1) An extensive research study on the Global Duodenoscopes market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Duodenoscopes market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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