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.
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There are a number of companies that offer endoscope repair services, including leading players such as STERIS Corporation, Medivators, Inc., and Olympus Corporation. These companies offer a range of services, including cleaning, disinfection, repair, and refurbishment of endoscopes.
- 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.
- Medical Optics
- HMB Endoscopy Products
- Endodoctor GmbH
- Schölly Fiberoptic GmbH
- XION GmbH
- Integrated Medical Systems International, Inc.
- United Endoscopy
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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.
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