Endoscopy is a minimally invasive procedure that diagnoses, prevent, and treats the complications associated with the visceral organs. Handheld endoscopes are used in this procedure to examine interior hollow organs or cavities in the body. The device is either placed in the body through natural openings or cavities (such as anus and mouth) or incisions, especially in the case of arthroscopy. Handheld endoscopy devices are equipped with several other parts such as a camera or light source at the tip of endoscopes that help physicians or medical professionals to analyze the internal organs of interest. Endoscopy may be used to investigate symptoms in the digestive system, including nausea, vomiting, abdominal pain, difficulty swallowing, and gastrointestinal bleeding.
MARKET DYNAMICS
The handheld endoscopic device market has shown a significant evolution over the forecast period. The key driving factors include the growing demand for endoscopy, growing investments, funds, grants, rising number of hospitals, increasing hospital investments in endoscopy facilities, and technological advancements. Additionally, endoscopy procedures are less invasive and save costs in pre- and post-operative care and length of stay at hospitals. Also, health insurance providers in selected countries are increasingly covering these procedures. These factors have led to a rise in the preference for endoscopy procedures among patients and physicians. Around 11.0 million colonoscopies, 6.1 million upper endoscopies, 313,000 flexible sigmoidoscopies, 178,400 upper endoscopic ultrasound examinations, and 169,500 endoscopic retrograde cholangiopancreatography procedures are performed annually in the US. Conversely, the constant heating and cooling during disinfection procedures can cause wear and tear of the insertion and light guide tubes, which can hamper the durability of endoscopy equipment. Owing to the high capital, training, and maintenance costs, the endoscopy procedures are generally expensive. For instance, the average cost of a colonoscopy procedure ranges from USD 2,000-3,000 in many developing countries. Thus, these factors are likely to hamper the growth of the handheld endoscopic device market.
MARKET SCOPE
The "Handheld Endoscopic Device Market Analysis to 2028" is a specialized and in-depth study of the medical device in the healthcare industry, focusing on the global market trend analysis. This report provides an outline of the handheld endoscopic device market with detailed market segmentation by product, application, and end-user. The handheld endoscopic device market is expected to witness high growth during the forecast period. The report focuses on the vital statistics on the market status of the leading players in the handheld endoscopic device market and offers key trends and opportunities.
MARKET SEGMENTATION
The market is segmented based on product, application, and end-user. On the basis of the product, the market is categorized as a hard endoscope, flexible endoscope, and electronic endoscope. On the basis of application, the market is segmented as laparoscopy, gastrointestinal endoscopy, bronchoscopy, colonoscopy, and others. Based on the end-user, the market is segmented as hospitals, clinics, and others.
REGIONAL FRAMEWORK
The report lays out a detailed outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the handheld endoscopic device market-based on various segments. It also comprises market size and forecast estimates from the year 2020 to2028 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The handheld endoscopic device market by each region is later subdivided into respective countries and segments. The report comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the handheld endoscopic device market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also comprises precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the handheld endoscopic device market in these regions.
MARKET PLAYERS
The report contains critical developments in the handheld endoscopic device market as organic and inorganic growth strategies. Various enterprises focus on organic growth strategies like product approvals, product launches, and others, such as patents and events. Inorganic growth strategies observed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the handheld endoscopic device market are anticipated to have profitable growth opportunities in the coming years with the rising demand for the handheld endoscopic device in the global market. Given below is the list of few companies engaged in the handheld endoscopic device market.
The report also consists of the profiles of key players in the handheld endoscopic device market, along with their SWOT analysis and market strategies. Additionally, the report elaborates on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.
- B. Braun Melsungen AG
- HERSILL
- EMS
- Optomic
- Wisap Medical Technology GmbH
- EndoMed Systems
- TRANSACT INTERNATIONAL
- Luxamed
- Prestige Medical
- Stryker
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