Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the “Global Duodenoscopes Market- by Product Type (Flexible Video Duodenoscopes and Single-Use Duodenoscopes), Application (Diagnostic and Therapeutic/Treatment), Procedure (ERCP, EUS and Others), End-User (Gastroenterology Clinics, Hospitals and General and Paediatric Surgeon), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by Insightace Analytics, the global Duodenoscopes Market Size is valued at 178.09 Million in 2023 and is predicted to reach 313.55 Million by the year 2031 at a 7.48 % CAGR during the forecast period for 2024-2031.
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Duodenoscopes are primarily used for endoscopic retrograde cholangiopancreatography (ERCP). They are also referred to as side-viewing endoscopes due to the benefit of seeing the main duodenal papilla face-on. They aid in treating conditions like pancreatic and bile duct cancer and gallstones, and these require less intervention than conventional surgery.
The rise in research and development, technological advancements to identify the causes and risk factors, coupled with the transmission of infectious agents from duodenoscopes, and the development of new strategies to reduce the patient danger from such infection are the factors anticipated to boost the growth of the duodenoscopes market in the future.
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North America is anticipated to be the major contributor to the duodenoscopes market over the forecast years due to the duodenoscope’s widespread acceptability, the world’s top-notch healthcare system, technological advancements, and the rise in the number of people suffering from gastrointestinal diseases. In addition, the Europe duodenoscopes market is expected to grow significantly during the forecast period due to the severe awareness of technological advancements. The demand for duodenoscopes is anticipated to grow even more due to the rise in financial healthcare service spending and the cost of healthcare services.
Major market players operating in the duodenoscopes market include
Fujifilm Corporation, Karl Storz Endoscopy, Olympus Corporation, Hoya Corporation (Pentax Medical), Ambu A/S, Boston Scientific Corporation, and Cook Medical.
Recent collaborations and agreements in the market:
- In February 2020, the US FDA granted Olympus 510(k) clearance for their TJF-Q190V duodenoscope.
- In November 2019, Pentax’s duodenoscope design, which requires less disinfection, received FDA approval.
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Market Segments
Global Duodenoscopes Market, by Product Type, 2024-2031 (Value US$ Mn)
- Flexible Video Duodenoscopes
- Single-Use Duodenoscopes
Global Duodenoscopes Market, by Application, 2024-2031 (Value US$ Mn)
- Diagnostic
- Therapeutic/Treatment
Global Duodenoscopes Market, by Procedure, 2024-2031 (Value US$ Mn)
- ERCP
- EUS
- Others
Global Duodenoscopes Market, by End-User, 2024-2031 (Value US$ Mn)
- Gastroenterology Clinics
- Hospitals
- General and Paediatric Surgeon
Global Duodenoscopes Market, by Region, 2024-2031 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Duodenoscopes Market, by Country, 2024-2031 (Value US$ Mn)
- S.
- Canada
Europe Duodenoscopes Market, by Country, 2024-2031 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Duodenoscopes Market, by Country, 2024-2031 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Duodenoscopes Market, by Country, 2024-2031 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Duodenoscopes Market, by Country, 2024-2031 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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