Published on : Jun 28, 2018
Albany, New York, June 28, 2018: Market Research Hub (MRH) has broadcasted a latest study titled “Global Duodenoscopes Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023” to its vast repository, which offers a strategic analysis of the global market for duodenoscopes and the growth forecast for the period 2018 to 2023. According to the research findings, The worldwide market for Duodenoscopes is anticipated to grow at an impressive CAGR over the next five years, and will further reach at a substantial value in million US$ by 2023 end.
Duodenoscopes are long tubes that are threaded down a patient’s throat to treat gallstones, cancers, and other disorders of the digestive system. In the United States, duodenoscopes are used in more than 500,000 endoscopic retrograde cholangiopancreatography (ECRP) procedures each year. The study has observed that increase in prevalence of various gastrointestinal conditions such as pancreatic and bile duct cancer tumors is estimated to augment the demand for duodenoscope across the world in the near future.
At first, the study initiates with a brief duodenoscopes introduction along with its product scope, market overview, market opportunities, market risk, and market driving force. In order to provide comprehensive view of the market, the study outlines major segments of the market, where the market stands to gain. The market has been segmented on the basis of type and applications. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for duodenoscopes in North America, Europe, Asia Pacific, South America, and Middle East & Africa. On the basis of type, the study covers Fiber Duodenoscope and Electronic Duodenoscope. Of these, Electronic duodenoscope is the development trend in the future, finds the study. Imaging is clearer than fiber duodenoscope.
Duodenoscope is majorly used for Diagnostic and Therapeutic purpose. According to the research findings, the most of Duodenoscope is used in Diagnostic, and the market share in 2016 is about 69%. Considering various facets of the market, the research study has found that due to the development of society and the changing of consumer demand, the Duodenoscope industry will be more and more widespread in the coming years.
At the end, the study includes company profiles of major players operating in the global duodenoscopes market. Market players have been profiled in terms of attributes such as competitive landscape, business overview, manufacturing footprint, and recent developments. In the present time, key players in the market are Olympus, Hoya (Pentax) and Fujifilm. At present, Olympus is the leader of this industry. The company controls 85% of the US market for duodenoscope.
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