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Technological Validations to Decide the Growth of Endoscope Repair Market between 2025 (Reaching US$ 1,650 Million)

August 25th, 2021 Persistence Market Research Releases

The Endoscope Repair Market Share is expected to reach US$ 1,650 Million between 2025 at a CAGR of 6%. Speedy development on the part of ICT does bring in new-fangled advantages like more autonomy to patients along with the promotion of interagency collaboration. As such, the ones with comorbidities and multidimensional problems would find themselves safe. This increased dependency is bound to drive the healthcare vertical going forward.

Increasing demand for endoscopic procedures, owing to its benefits of being a minimally invasive procedure, is anticipated to boost growth of the global endoscope repair market. Guidelines published by several government authorities, including the Food and Drug Administration (FDA), Society of Gastroenterology Nurses and Associates (SGNA), Centers for Disease Control and Prevention (CDC), and American Society for Gastrointestinal Endoscopy (ASGE) have played a key role in ensuring manufacturers focus on quality compliance. This, in turn, has catalyzed the demand for endoscope repair services.

Get Going With Sample Of Endoscope Repair Market Report! https://www.persistencemarketresearch.co/samples/16075

Company Profiles

  • Stryker Corporation
  • Medivators Inc.
  • Olympus Corporation
  • Pentax Medical Company (Hoya Corporation)
  • Smith & Nephew PLC.
  • Fujifilm Holdings Corp.
  • Karl Storz GmbH & Co. KG
  • Medserv International, Inc.
  • Endoscopy Repair Specialist Inc.
  • Fibertech Incorporation
  • Associated Endoscopy, Inc.
  • EndocorpUSA
  • Medical Optics
  • HMB Endoscopy Products
  • Endodoctor GmbH
  • Schölly Fiberoptic GmbH
  • MD
  • XION GmbH
  • Integrated Medical Systems International, Inc.
  • United Endoscopy
  • Others

Rising Colorectal & Gastrointestinal-related Diseases to Drive Market Growth

According to Persistence Market Research (PMR), the global endoscope repair market is projected to register a significant 6% CAGR during the forecast period (2017 to 2025). The market is estimated to generate revenues worth US$ 1,649.7 Mn by 2025-end. This growth is primarily attributed to shifting preferences of doctors and patients from conventional procedure toward endoscope procedure owing to its safety and efficacy.

In addition, rising popularity of colorectal cancer diagnosis and gastrointestinal-related diseases has led to increasing demand for endoscopy procedures, primarily for detection and treatment purposes.

According to WHO, incidences of benign, malignant gastrointestinal diseases, and colorectal complications have gained an uptick among elderly population. This is further expected to propel demand for endoscopes and drive growth of the market.

How About Re-Inventing The Methodical Wheel In The Endoscope Repair Market? Switch Over To The “Methodology” Tab! https://www.persistencemarketresearch.co/methodology/16075

North America will remain the largest market for endoscope repair with more than 30% share, followed by Europe and Asia Pacific (APAC). The North America endoscope repair market is expected to exceed US$ 600 Mn by 2025-end. APAC is anticipated to exhibit fastest growth at 6.3% CAGR through 2025, followed by Europe and Middle East & Africa (MEA).

Laparoscope to Remain Top-Selling Product in the Market

Although laparoscope will remain the top-selling product in the market, it is expected to witness a slight decline in its share by 2025-end. Gastroscope is expected to be the second largest product in the market. Esophagoscope will be the fastest-selling product, while demand for hysteroscope and duodonoscope will rise congruently at 6.4% CAGR.

Based on modality type, flexible endoscope is expected to retain its dominance over the market, reaching over 60% market share by 2025.

However, demand for rigid endoscope is projected to exhibit a relatively higher CAGR. OEMs are expected to be the largest service providers in the global endoscope repair market, whereas third-party vendors are projected to witness a comparatively higher growth in demand.

Keeping A Tab On Key Players In The Endoscope Repair Market? Go To “Purchase Now” To Decipher The Competitive Analysis In Our Endoscope Repair Market Report! https://www.persistencemarketresearch.com/checkout/16075

Advent of Medical Tourism across APAC Countries to Create Opportunities for Market Growth

Elevating repair and service costs of endoscope devices has led to price sensitivity in the market. Stiff competition between OEMs and third-party vendors has resulted into price variations. OEMs and third party vendors provide high-quality, scalable customized packages based on customer requirements, which in turn is expected to pave opportunities for market growth.

An array of opportunities for market growth might be created in APAC, owing to wide acceptance of various endoscopes in this region. The advent of medical tourism across APAC countries viz. Malaysia, India, Philippines, Indonesia, Thailand, and Vietnam is further expected to create opportunities for growth of the global endoscope repair market during the forecast period.

Explore Extensive Coverage of Persistence Market Research’s Healthcare Industry

Related Reports:

Cushing’s Syndrome and Acromegaly Treatment Market:

Persistence Market Research (PMR) delivers the key insights on the global Cushing’s Syndrome and Acromegaly treatment market in its upcoming report titled “Cushing’s Syndrome and Acromegaly Treatment Market: Global Industry Analysis 2013–2017 and Forecast 2018 – 2026”.

Secure Messaging In Healthcare Market:

The market for secure messaging in healthcare will receive a prominent push from increasing demand for electronically secure messaging software, physician-to-patient secure communication, physician to physician secure e-consultation, and obligatory implementation of secure messaging in healthcare enterprises.

Rheumatoid Arthritis Treatment Market:

The global rheumatoid arthritis treatment market is estimated to be valued at US$ 40.5 Bn in 2021, and is expected to exhibit a CAGR of around 6% over the forecast period (2021 – 2031).

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

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