Flexible Endoscopy Devices Market is Driving Over Year Due to the Preference Of Patient Toward Endoscopy

Global Flexible Endoscope Market Projected to Grow at a Robust CAGR of 6.13% over the Forecast Period 2016-2024

With the increasing number hospitals and growth in investments for developing healthcare system & medical devices coupled with rising popularity of minimally invasive therapies is boosting the growth of global flexible endoscope market. According to Goldstein Research, global flexible endoscope market size is expected to reach USD 6.31 million by 2024 from an estimated market size of USD 3.92 million in 2016, growing at a compounded annual growth rate of 6.13% during the forecast period 2016-2024. Global flexible endoscope market segmentation has been carried out on the basis of product type, application, end user and geography. Based on end user, hospitals segment accounted for highest market share of nearly 50.0% in 2016. Moreover, the diagnostic labs segment is anticipated to witness strong growth, to occupy 30.0% of flexible endoscope market share by 2024.

Further, Global flexible endoscope industry is estimated to be dominated by North America with a market size of USD 1.57 million in 2016 on the back of improved reimbursement policies and adoption of advanced medical technologies. North America is followed by Europe flexible endoscope market owing to high adoption in the UK, France, Germany and other European countries. These regions are also witnessing huge growth of medical devices market which has direct influence on the growth of flexible endoscope market.

Market Segmentation

On the basis of our in-depth analysis, Global Flexible Endoscope Market can be segmented as follows:

  • Based on Product Type
    • Colonoscopes
    • Gastroscopes
    • Bronchoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Other (Laryngoscopes, Pharyngoscopes)
  •  Based on Application
    • Gastrointestinal (GI) Endoscopy
    • Laparoscopy
    • Obstetrics/Gynecology Endoscopy
    • Urology Endoscopy
    • Bronchoscopy
    • Otoscopy
    • Other (Neuroendoscopy, Thoracoscopy, Rhinoscopy)
  • Based on End-User
    • Hospitals
    • Diagnostic Labs
    • Ambulatory Surgery Centers (ASCs)
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Flexible Endoscope Market Outlook 2024” contains detailed overview of the global flexible endoscope market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, application and end user.

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Further, for the in-depth analysis, Flexible Endoscope Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Ethicon, Inc., Olympus Corporation, Boston Scientific Corporation, Pentax Medical Corporation, Stryker Corporation, Medtronic plc., FUJIFILM Holdings, KARL STORZ, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global flexible endoscope market trends along with market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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