Global Duodenoscopes Market Size To Exceed USD 2.61 Billion by 2033 | CAGR of 5.49%
Category: HealthcareGlobal Duodenoscopes Market Size To Exceed USD 2.61 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Duodenoscopes Market Size is Expected to Grow from USD 1.53 Billion in 2023 to USD 2.61 Billion by 2033, at a CAGR of 5.49% during the forecast period 2023-2033.
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Browse key industry insights spread across 280 pages with 110 Market data tables and figures & charts from the report on the "Global Duodenoscopes Market Size, Share, and COVID-19 Impact By Product Type (Reusable Duodenoscopes and Single-Use Duodenoscopes), By Application (Diagnostics and Therapeutics), By End-User (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/duodenoscopes-market
The duodenoscopes market refers to a thin, flexible, lighted tube that physicians use to investigate the duodenum, bile ducts, and pancreatic ducts. It is used to diagnose and treat blockages, tumors, or gallstones. It is often employed in ERCP procedures and consists of a camera and working channel to advance medical instruments for biopsies, stone extraction, or stent placement. The market is an increasing trend towards minimally invasive procedures, which have many benefits, such as less risk of infection, shorter recovery times, and less postoperative pain than conventional surgical techniques. Duodenoscopes are used to perform these minimally invasive diagnostic and therapeutic procedures. As global healthcare systems increasingly focus on cost-effectiveness and patient comfort, the use of minimally invasive methods is likely to increase, thus driving demand for duodenoscopes. In addition, ongoing developments in the design and functionality of duodenoscopes are enhancing their user-friendliness and efficiency, which is drawing more end-users. However, with the rigorous regulation environment controlling device approval and operation is the inconvenience it presents for manufacturers in spending large sums in compliance and assurance of quality control processes.
The reusable duodenoscopes segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on product type, the duodenoscopes market is segmented into reusable duodenoscopes and single-use duodenoscopes. Among these, the reusable duodenoscopes segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the growing need for advanced gastrointestinal endoscopic services, mainly endoscopic retrograde cholangiopancreatography (ERCP).
The therapeutics segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on application, the duodenoscopes market is segmented into diagnostics and therapeutics. Among these, the therapeutics segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the growing demand for minimally invasive interventions, and the therapeutic use of duodenoscopes is poised for further growth as endoscopic accessory technologies and techniques continue to advance in improving procedural outcomes and patient satisfaction.
The hospitals segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on end-user, the global duodenoscopes market is categorized into hospitals, ambulatory surgical centers, and specialty clinics. Among these, the hospitals segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the wide variety of services provided by hospitals, combined with their ability to perform complicated procedures and emergencies, which makes hospitals the major consumers of duodenoscopes.
North America is expected to hold the majority share of the global duodenoscopes market during the forecast period.
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North America is expected to hold the majority share of the global duodenoscopes market during the forecast period. North America dominates because of the availability of a strong healthcare infrastructure, rapid uptake of state-of-the-art medical technologies, and a well-established regulatory environment. Moreover, advanced infrastructure hospitals, availability of trained health professionals fueling the growth in the duodenoscopes market
Europe is anticipated to grow at the fastest pace in the global duodenoscopes market during the forecast period. The market is driven by market demand for duodenoscopes in the presence of sophisticated products in the market. Furthermore, its entry into the market seeks to enhance patient care by providing physicians with access to sterile instruments without the hassles of cleaning and maintaining reusable devices.
Major vendors in the global duodenoscopes market are Olympus Corporation, Fujifilm Holdings Corporation, Pentax Medical (Hoya Corporation), Karl Storz SE & Co. KG, Boston Scientific Corporation, Cook Medical, Ambu A/S, Conmed Corporation, Medtronic plc, Ethicon Endo-Surgery, Inc. (Johnson & Johnson), Richard Wolf GmbH, Stryker Corporation, Smith & Nephew plc, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key market development
In April 2024, Ambu announce U.S. Food and drug Administration (FDA) 510 (k) regulatory clearance foe its nest-generation duodenoscopy solution , ambu a Scope Duodeno 2 and Ambu abox 2, for ERCP1 procedures.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the duodenoscopes market based on the below-mentioned segments:
Global Duodenoscopes Market, By Product Type
- Reusable Duodenoscopes
- Single-Use Duodenoscopes
Global Duodenoscopes Market, By Application
- Diagnostics
- Therapeutics
Global Duodenoscopes Market, By End-User
- Hospitals
- Ambulatory Surgical Centers
- Specialty
Global Duodenoscopes Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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