Global Flexible Endoscopes Market 2017-2021
About Flexible Endoscopes
Flexible endoscopes are the fiber optic devices with camera and additional ports, which allow physicians to insert other medical devices, and to visualize internal organs. Flexible endoscopes are used in diagnosis and treatment. Flexible endoscopes are relatively safe, and are widely used in the fields of gastrointestinal; gynecology; ear, nose, and throat (ENT); urology; and laparoscopy. Flexible endoscopes market is driven by the factors such as the increase in the prevalence of chronic disorders, favorable reimbursements, increasing MI surgeries, and increasing cases of colorectal cancer
Technavio’s analysts forecast the global flexible endoscopes market to grow at a CAGR of 6.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flexible endoscopes market for 2017-2021. To calculate the market size, the report considers revenue generated from sales of flexible endoscopes.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flexible Endoscopes Market 2017-2021
Technavio recognizes the following companies as the key players in the global flexible endoscopes market: Olympus, KARL STORZ, HOYA GROUP, FUJIFILM Holdings, and Stryker.
Other Prominent Vendors in the market are: ATMOS MedizinTechnik, Clarus Medical, Cogentix Medical, Ecleris, Era Endoscopy, GI-View, HUGER Medical Instruments, LABORIE, Machida Endoscope, Maxerendoscopy, OPTEC Endoscopy Systems, Optim, ProSurg, Richard Wolf, and SCHINDLER ENDOSKOPIE TECHNOLOGIE.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances. Advances in technology have led to the improvement in visualization technologies in flexible endoscopes. These advances are providing opportunities for both vendors and the healthcare providers to address healthcare challenges such as cost containment, early diagnosis, and affordable healthcare services.”
According to the report, one driver in the market is presence of large patient pool with chronic disorders. The increase in the patient pool with various chronic disorders, especially GI disorders is driving the global flexible endoscopes market. The growing incidence of disorders such as colorectal, esophageal, or pancreatic cancers, biliary disease, inflammatory bowel disease, and GERD is expected to propel the market growth. The changes in lifestyle such as unhealthy diet and physical inactivity resulted in several complications such as raised blood pressure, blood glucose, lipids, and obesity.
Further, the report states that one challenge in the market is safety concerns and maintenance issues with flexible endoscopy. Endoscopy is usually a safe procedure; however, there are certain risks and complications associated with this procedure, which includes, perforation or a tear of the organ (such as stomach or esophagus lining), bleeding, and infections. The treatment of perforation involves surgery. However, certain cases may be treated with antibiotics and intravenous fluids. Bleeding may occur at the site of a biopsy or polyp removal. Minor bleeding may simply stop on its own or can be controlled by cauterization.
Olympus, KARL STORZ, HOYA GROUP, FUJIFILM Holdings, Stryker, ATMOS MedizinTechnik, Clarus Medical, Cogentix Medical, Ecleris, Era Endoscopy, GI-View, HUGER Medical Instruments, LABORIE, Machida Endoscope, Maxerendoscopy, OPTEC Endoscopy Systems, Optim, ProSurg, Richard Wolf, and SCHINDLER ENDOSKOPIE TECHNOLOGIE.