Global Flexible Endoscopes Market - Forecasts, Segmentation, Drivers, and Opportunity Assessment


the global flexible endoscopes market is expected to grow at a CAGR of more than 6% during the forecast period.This research report titled ‘Global Flexible Endoscopes Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The flexible endoscopes market is expected to grow at a steady rate, as flexible endoscopes are used for both diagnostic as well as therapeutic procedures. There has been a shift from 2D to 3D systems and end-users' preference toward flexible videoscopes will contribute to the market growth in the coming years. Over the past few years, the demand for flexible endoscopes has been increased remarkably, because of the preference of MI surgeries by patients as well as physicians. Also, the favorable government initiatives such as mandatory screening programs for colorectal cancer will also boost the overall GI endoscopy market growth.
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Technavio’s healthcare and life science research analysts categorize the global flexible endoscopes market into the following segments by end-user. They are:
·         Hospitals
·         Diagnostics labs
·         ASCs
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Hospitals
The hospitals segment is expected to lead in overall end-users of the flexible endoscopes market, owing to the availability of various endoscopic devices and favorable reimbursement policies. Many hospitals are well equipped with advanced technology endoscopic facilities in developed countries.
Diagnostic labs
Diagnostic laboratories can be large, medium, or small-sized diagnostic centers based on the volume of analysis or diagnostics performed. Some large-sized diagnostic centers are linked with many hospitals and offer endoscopy services for the diagnosis of any irregularities/disorders in patients. These diagnostic labs accounted for the second major end-user category for flexible endoscopes.
“The number of diagnostic labs has been increasing gradually with the increase in disorders. These diagnostic labs are highly equipped with advanced software to analyze and evaluate patient data. Diagnostic labs for endoscopy procedures are equipped with highly advanced video endoscope systems and 3D endoscope systems to diagnose various chronic disorders. A certified lab technician will perform the endoscopic procedure at these laboratories,” adds Barath.
ASCs
ASCs are also known as same day surgery centers or outpatient surgery centers. These are the healthcare facilities, which do not require an overnight hospital stay for surgery. They include outpatient care such as diagnosis, observation, consultation, intervention, treatment, and rehabilitation services.
ASC is one of the fastest growing trends in healthcare, which consists of advanced operating equipment, specialist surgeons, and recovery rooms, without complicated administrative procedures. It is also observed that the risk of hospital-acquired infection in ASCs is less when compared with large hospitals.
The top vendors highlighted by Technavio’s research analysts in this report are:
·         Olympus
·         KARL STORZ
·         HOYA
·         FUJIFILM Holdings
·         Stryker


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