Endoscopy procedures are nonsurgical procedures that examine the interior of the digestive tract. Many tools and equipment are used to ensure a safe and successful procedure. Gastroenterologists, gynecologists, nephrologists, neurologists, cardiologists, hepatologists, and liver transplant surgeons are the primary users of endoscopy equipment. These devices are either placed in the body through natural openings or cavities (such as anus and mouth) or through incisions, especially in the case of arthroscopy.
MARKET SCOPE
The "Electronic Endoscopic Instruments Professional Market" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Electronic Endoscopic Instruments Professional Market with detailed market segmentation by type, material, end-user, and geography. The report provides key statistics on the market status of the leading Electronic Endoscopic Instruments Professional Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on Instruments the Electronic Endoscopic Instruments Professional Market is segmented into Insufflators, Endoscopy Fluid Management Systems, and Endoscopy Ultrasound.
- Based on the Application, the market is segmented into
I. Bronchoscopy
II. Arthroscopy
III. Laparoscopy
IV. Urology Endoscopy
V. Neuroendoscopy
VI. Gynecology Endoscopy
VII. Gastrointestinal Endoscopy
VIII. ENT Endoscopy
IX. Others
- On the basis of End-User, the market is segmented into Hospitals, Clinics, and Others.
MARKET DYNAMICS
Drivers:
- The non-surgical process which utilizes high-frequency sound waves thereby producing detailed images of the gastrointestinal tract.
- Patient's preference for invasive procedures.
- Low-risk and is easily covered by health insurance.
- Lack of trained physicians and endoscopists.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The Electronic Endoscopic Instruments Professional Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the Electronic Endoscopic Instruments Professional Market in these regions.
IMPACT OF COVID-19 ON ELECTRONIC ENDOSCOPIC INSTRUMENTS PROFESSIONAL MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruptions. Hospitals have been overburdened with COVID-19 cases, hence, all elective surgeries were either canceled or postponed. Around 40-50% of endoscopy procedures were canceled in major hospitals. There was a decline in the sales of endoscopy equipment. The sales of disposable endoscopes have risen in contrast to autoclavable endoscopes implemented under the stringent COVID-19 guideline put forth by the Gastrointestinal Endoscopy (ESGE) and the German Respiratory Society. The use of negative pressure suits and personal protective kits and spatial separation of wards are recommended to avoid the risk of infection. As a result, the overall cost of endoscopic treatment has increased.
MARKET PLAYERS
The report covers key developments in the Electronic Endoscopic Instruments Professional Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players in Electronic Endoscopic Instruments Professional Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Electronic Endoscopic Instruments Professional Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Electronic Endoscopic Instruments Professional Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and the key development in the past five years.
- Ethicon Endo-Surgery
- Olympus
- Stryker
- HOYA CORPORATION
- Covidien
- ConMed
- Fujifilm Holdings
- Arthrex
- Boston Scientific
- Richard Wolf Gmbh