South Asia Flexible Endoscope Market to Experience Significant Growth during the Forecast Period 2018-2023

Endoscopy is a minimally invasive medical procedure used for diagnosis, prevention, and treatment of complications in visceral organs. The device is either placed in the body through natural openings or cavities (such as anus and mouth) or through incisions, especially in case of arthroscopy. The South Asia flexible endoscope market was valued at $284 million in 2017, and is anticipated to reach $510 million by 2025, registering a CAGR of 7.4%.

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Flexible endoscopy devices are equipped with several other parts such as camera or light source at the tip of endoscopes that help physicians or medical professionals to analyze the internal organs of interest. Endoscopy is used to evaluate various conditions such as stomach pain, ulcers, gastritis, digestive tract bleeding, cancerous growth in colon, and changes in bowel habits. Moreover, it is categorized based on the area of the body that are investigated. This includes knee & joints (arthroscopy), lungs (bronchoscopy), colon (colonoscopy), abdominal & pelvic areas (laparoscopy), and others. Increase in the incident rate of targeted diseases such as colon cancer and gastrointestinal disorders propels the demand for endoscopic devices.

Surge in geriatric population, which is highly susceptible to pain and chronic disorders, is expected to have a positive impact on the market growth. In addition, rise in need for the development of advanced minimally invasive surgical techniques is expected to augment the demand for endoscopic devices across healthcare settings. This in turn fuels the market growth. However, dearth of trained professionals for handling of endoscopic devices impedes the growth of the market. Conversely, high untapped potential in emerging economies is anticipated to offer significant profitable opportunities for market expansion.

The South Asia flexible endoscope market is segmented based on application into bronchoscopy, laparoscopy, arthroscopy, gastrointestinal endoscopy, urology endoscopy, neuro endoscopy, obstetrics/gynecology endoscopy, ENT endoscopy, and others. Depending on end user, the market is fragmented into hospitals, clinics, and others. Country wise, the market is analyzed across India, Pakistan, Bangladesh, Nepal, Sri Lanka, and rest of Asia.

Key Benefits flexible endoscope market:

    The study provides an in-depth analysis of the South Asia flexible endoscope market along with the current trends and future estimations to elucidate the imminent investment pockets.
    The report presents a quantitative analysis of the market from 2017 to 2025 to enable stakeholders to capitalize on the prevailing market opportunities.
    An extensive analysis of the market based on application assists in understanding the trends in the industry.

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    The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.

flexible endoscope Key Market Segments:

Market by Application

    Bronchoscopy
    Arthroscopy
    Laparoscopy
    Urology Endoscopy
    Neuro Endoscopy
    Gastrointestinal Endoscopy
    Obstetrics/Gynecology Endoscopy
    ENT Endoscopy
    Others

By End User

    Hospitals
    Clinics
    Others

By Country

    India
    Pakistan
    Bangladesh
    Sri Lanka
    Nepal
    Rest of South Asia

The list of key players operating in this market includes:

    Boston Scientific Corporation
    Conmed Corporation Magnum
    Fujifilm Holdings Corporation
    Johnson & Johnson (Ethicon, Inc.)
    Hoya Corporation
    Karl Storz GmbH & Co Kg.
    Medtronic Plc
    Olympus Corporation
    Stryker Corporation
    Vimex sp. z.o.o. (Vimex Endoscopy)

The other players included in the value chain analysis (and not included in the report) include:

    Richard Wolf GmbH
    Xion GmbH
    Smith & Nephew plc
    Hill Rom Holding, Inc

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