New York, USA, Nov. 29, 2022 (GLOBE NEWSWIRE) -- The Global Duodenoscopes Market is Predicted to Surge at a CAGR of 5.2% by 2027, Assesses DelveInsight
The duodenoscopes market is expanding due to factors such as the rising prevalence of gastroenterology diseases and ERCP procedures that use duodenoscopes, rising technological advancements in duodenoscopes, shift toward minimally invasive procedures, and an aging population.
DelveInsight’s Duodenoscopes Market Insights report provides the current and forecast market analysis, individual leading duodenoscopes companies’ market shares, challenges, duodenoscopes market drivers, barriers, and trends, and key duodenoscopes companies in the market.
Key Takeaways from the Duodenoscopes Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global duodenoscopes market during the forecast period.
- Notable duodenoscopes companies such as KARL STORZ SE & Co. KG, FUJIFILM Corporation, PENTAX Medical, Olympus, Ambu A/S, Boston Scientific Corporation, and several others are currently operating in the duodenoscopes market.
- On April 5, 2022, the US Food and Drug Administration (FDA) issued an updated safety communication on the transition from fixed endcap duodenoscopes to devices that are either completely disposable or contain disposable parts.
- On August 02, 2021, Boston Scientific announced that the Centers for Medicare & Medicaid Services (CMS) granted a New Technology Add-on Payment (NTAP) for single-use duodenoscopes, applicable to the EXALTTM Model D Single-Use Duodenoscope, as part of its Fiscal Year 2022 Hospital Inpatient Prospective Payment System.
To read more about the latest highlights related to the duodenoscopes market, get a snapshot of the key highlights entailed in the Global Duodenoscopes Market Report
Duodenoscopes Overview
Duodenoscopes are specialized endoscopes used during ERCP procedures. These hollow, flexible light tubes can be used to diagnose and treat diseases like pancreatitis and bile duct obstruction. Traditional surgery is more invasive than these procedures.
Duodenoscopes are used in minimally invasive fluid removal from the main pancreatic duct and biliary ducts. They are critical in diagnosing and treating serious, sometimes fatal diseases. Duodenoscopes are used annually in over 500,000 ERCP procedures in the United States. The duodenoscope is a more complex device that is difficult to clean and disinfect.
Duodenoscopes Market Insights
North America dominated the global duodenoscopes market in 2021 and will continue to do so throughout the forecast period of 2022–2027. Factors such as an increase in the prevalence of various cancers where duodenoscopes are used, such as gallbladder, esophageal, and pancreatic cancers, will drive the use of duodenoscopes, increasing demand for duodenoscopes in the North American duodenoscopes market.
Moreover, technological advancement is also driving the North American duodenoscopes market. For instance, in April 2022, the US Food and Drug Administration (USFDA) will recommend that hospitals and endoscopy facilities transition to fully disposable duodenoscopes with innovative designs to improve safety and cleaning and to reduce contamination and infection among patients, which will also include designs with disposable caps or distal ends. As a result, the FDA-recommended technological transition will boost the growth of the duodenoscopes market.
To know more about why North America is leading the market growth in the duodenoscopes market, get a snapshot of the Duodenoscopes Market Outlook
The increasing prevalence of gastroenterology diseases and ERCP procedures is one of the primary drivers of the duodenoscopes market. Furthermore, technological advancements may be a driving factor in the growth of the duodenoscopes market.
However, the duodenoscopes market will face certain growth barriers, such as the difficulty in cleaning reusable duodenoscope devices. Patients may become infected if not properly cleaned. Furthermore, the lack of trained physicians and endoscopists operating duodenoscopes, and the high cost of duodenoscopes, may slow the duodenoscopes market growth.
Additionally, the Coronavirus pandemic has impacted the duodenoscopes market because supply chains and logistics were hampered, manufacturing units were closed, and elective surgeries were not prioritized because COVID-19 patients were preferred more. However, with mass vaccinations, relaxation of lockdown restrictions, resumption of supply chains, and an increase in elective surgeries other than COVID-19 patients, the duodenoscopes market has gained traction and is expected to grow further during the forecast period.
Get a sneak peek at the duodenoscopes market dynamics @Duodenoscopes Market Dynamics Analysis
| Report Metrics | Details |
| Coverage | Global |
| Study Period | 2019–2027 |
| Base Year | 2021 |
| Market CAGR | 5.2% |
| Key Duodenoscopes Companies | KARL STORZ SE & Co. KG, FUJIFILM Corporation, PENTAX Medical, Olympus, Ambu A/S, Boston Scientific Corporation, among others |
Duodenoscopes Market Assessment
- Duodenoscopes Market Segmentation
- Market Segmentation By Application Type: Treatment and Diagnostics
- Market Segmentation By Use Type: Single and Reusable
- Market Segmentation By End User: Hospitals and Diagnostic Laboratories
- Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players in the duodenoscopes market are set to emerge as the trendsetter explore @Duodenoscopes Companies
Table of Contents
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Duodenoscopes Market |
| 7 | Duodenoscopes Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Duodenoscopes Market Company and Product Profiles |
| 10 | Project Approach |
| 11 | About DelveInsight |
Interested in knowing the duodenoscopes market by 2027? Click to get a snapshot of the Duodenoscopes Market Trends
Related Reports
Disposable Endoscopes Market Insights, Competitive Landscape, and Market Forecast – 2027 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key disposable endoscopes companies, including Olympus Corporation, Boston Scientific Corporation, Ambu Inc., ProSurg Inc., Hill-Rom Services, Inc. (Baxter), Teleflex Incorporated., among others.
Gastrointestinal Stromal Tumor Market
Gastrointestinal Stromal Tumor Market Insights, Epidemiology, and Market Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted epidemiology, market share of the individual therapies, and key gastrointestinal stromal tumor companies, including Loxo Oncology, Roche, Arog Pharmaceuticals, Taiho Pharmaceutical, Turning Point Therapeutics, Inc., among others.
Gastrointestinal Stromal Tumor Epidemiology Forecast
Gastrointestinal Stromal Tumor Epidemiology Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted epidemiology as well as the gastrointestinal stromal tumor epidemiology trends.
Gastrointestinal Endoscopic Stricture Management Devices Market
Gastrointestinal Endoscopic Stricture Management Devices Market Insights, Competitive Landscape, and Market Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted epidemiology, as well as the market trends, market drivers, market barriers, and key gastrointestinal endoscopic stricture management devices companies, including Cook, Medtronic, Olympus Corporation, among others.
Esophageal Cancer Market Insights, Epidemiology, and Market Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted epidemiology, as well as the market trends, market drivers, market barriers, and key esophageal cancer companies including Merck KGaA, Shenzhen Hornetcorn Biotechnology, Apexigen, Inc., Highlight Therapeutics, among others.
Esophageal Squamous Cell Carcinoma Pipeline
Esophageal Squamous Cell Carcinoma Pipeline Insight – 2022 report provides comprehensive insights about the pipeline landscape, pipeline drug profiles, including clinical and non-clinical stage products, and the key esophageal squamous cell carcinoma companies, including BeiGene, AstraZeneca, Ipsen, Shire, Sanofi, Seagen, among others.
Other Trending Reports
Goitre Market | Thymus Cancer Market | US Healthcare Outlook Report | Venous Stenosis Market | Negative Pressure Wound Therapy Systems Market | Metrorrhagia Market | Dysfunctional Uterine Bleeding Market | Hypereosinophilic Syndrome Market | Age-related Vision Dysfunction Market | Dental Lasers Market | CRISPR Therapies Pipeline Insight | Cell And Gene Therapy For Multiple Myeloma Market | Drug Hypersensitivity Market | Dysthymia Market | Persistent Depressive Disorder Market | Cancer Vaccines Market | Weight Loss/Weight Management (Obesity) Market | Food Allergy Market | Obsessive-Compulsive Disorder Market | Tumor Ablation Market | Physiotherapy Equipment Market | CAR-T Pipeline Insight | Anti-hypertension Market | Radiofrequency Ablation Devices Market | Global Messenger RNA (mRNA)-based Vaccines and Therapeutics Market | Gastro Intestinal Bleeding Market | Trastuzumab Biosimilars Insight | Varicose Veins Market | Germ Cell Tumor Market | Intracardiac Echocardiography Devices Market | India Healthcare Outlook Report | Crows Feet Market Insight | Seborrhoeic Dermatitis Market | Injectable Drug Delivery Devices Market | Structural Heart Devices Market | Substance (Drug) Abuse Market
Related Healthcare Services
Healthcare Business Consulting
Healthcare Competitive Intelligence Services
Healthcare Asset Prioritization Services
About DelveInsight
DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.
