The Global Duodenoscopes
Market, by Product Type (Flexible Duodenoscopes and Rigid Duodenoscopes),
by Application (Diagnostics and Therapeutics), by End User (Hospitals, Clinics,
and Ambulatory Centers), and by Region (North America, Latin America, Europe,
Asia Pacific, Middle East, and Africa) was valued at US$ 146.6 million in 2019
and is projected to exhibit a CAGR of 6.5% over the forecast period (2019 -
2027), as highlighted in a new report published by Coherent Market Insights.
Increasing product launches is
expected to propel growth of the global duodenoscopes mamrket
Development of duodenoscopes and
endoscopic techniques and tools required for therapeutic intervention of
Endoscopic Retrograde Cholangiopancreatography (ERCP) play a major role in the
management of pancreaticobiliary diseases. For instance, duodenoscope-assisted
cholangiopancreatoscopy has evolved to single-operator platforms with
high-resolution imaging capabilities including intraductal applications from
direct visualization and targeted sampling of intraductal neoplasm to
lithotripsy of pancreatic duct and bile duct stones.
Manufacturers of duodenoscope
devices are focused on developing innovative products in order to expand their
market share. For instance, in 2017, PENTAX Medical launched a high-definition
Duodenoscope (ED34-i10T), which is the first FDA-cleared duodenoscope with a
disposable distal cap in the U.S. It is designed to improve the standards of
treatment and safety for both routine and advanced ERCP. The device features
High-Definition imaging and improved clinical control to improve access for
cleaning and reprocessing. Several outbreaks of patient infections following
procedures with duodenoscopes offer potential for manufacturers to develop
innovative products which do not transmit infection among patients.
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Increasing prevalence of
gastrointestinal, liver, and pancreatic diseases is expected to drive the
duodenoscopes market revenue
Increasing prevalence of
gastrointestinal, liver, and pancreatic diseases is expected to increase demand
for duodenoscopes during the forecast period. For instance, according to the
Center for Disease Control and Prevention report published in 2017, the number
of visits to emergency departments in the U.S. was approximately 8.3 million.
According to the Journal of
Gastroenterology 2018 study, Gastrointestinal (GI), liver, and pancreatic
diseases are highly prevalent, costly, and lead to substantial health care
utilization in the U.S. In 2018, the total expenditure for GI diseases is
approximately US$ 135.9 Bn in the U.S.
Browse 37 Market Data Tables and
29 Figures spread through 185 Pages and in-depth TOC on "Duodenoscopes
Market, by Product Type (Flexible Duodenoscopes and Rigid Duodenoscopes), by
Application (Diagnostics and Therapeutics), by End Use (Hospitals, Clinics, and
Ambulatory Centers), and by Region (North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa) - Global Forecast to 2027"
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/duodenoscopes-market-3779
Key Takeaways of the
Duodenoscopes Market:
The global duodenoscopes market
is expected to expand at a CAGR of 6.5% during the forecast period, owing to
increasing incidences of bile duct and pancreatic cancer, tumors, and
gastrointestinal diseases. According to the American Institute of Cancer
Research reports in 2018 there were approximately 460,000 new cases of
pancreatic cancer globally.
Among product type, the flexible
duodenoscopes segment is expected to generate significant revenue in 2018, due
to ease of usage and high coverage provided by these devices.
Among region, North America
duodenoscopes market accounted for the highest market share in 2018 due to the
high prevalence of high GI patient population and availability of
well-established healthcare facilities coupled with increasing healthcare
expenditure. For instance, in 2019, according to the American Cancer Society
estimates approximately 57,600 individuals in the U.S. will be diagnosed with
pancreatic cancer by 2020.
Major players operating in the
global duodenoscopes market include, Custom Ultrasonics, Inc., ENDOMED,
Fujifilm Holdings Corporation, Hoya Corporation, KARL STORZ GmbH & Co. KG.,
Olympus Corporation, PENTAX Medical Company, and SonoScape Medical Corp
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emerging market trends, technologies, and potential absolute dollar
opportunity.
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