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2019
South Asia Flexible Endoscope Market

South Asia Flexible Endoscope Market by Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro Endoscopy, Gastrointestinal Endoscopy, Obstetrics/Gynecology Endoscopy, ENT Endoscopy, and Others) and End User (Hospitals, Clinics, and Others): Opportunity Analysis and Industry Forecast, 2017 - 2025
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A04771
Pages: 140
Jan 2019 | 5668 Views
Author(s) : Sohail Shaikh & Onkar Sumant
Tables: 54
Charts: 47
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flexible endoscope market Overview:

The South Asia flexible endoscope market accounted for $284 million in 2017, and is projected to reach $510 million by 2025, registering a CAGR of 7.4% from 2018 to 2025. Flexible endoscopes are devices used to execute minimally invasive surgeries of different parts of the body including visceral organs, cavities, and lumens of mucosal region.

Different types of flexible endoscopes include bronchoscopes, arthroscopes, laparoscopes, urology endoscopes, neuro endoscopes, obstetrics/gynecology endoscopes, gastrointestinal endoscopes, ENT endoscopes, and other applications such as nasopharyngoscopy and laryngoscopy.

South Asia flexible endoscope market

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Increase in elderly population, surge in adoption of minimally invasive surgeries by the healthcare professionals, rise in patient preference for minimally invasive surgeries, and growth in prevalence of chronic diseases such as cancer and arthritis drive the South Asia flexible endoscope market. Furthermore, technological advancements associated with endoscopic cameras for better visualization is also expected to foster the market growth in the near future.

However, dearth of the skilled healthcare professionals in performing the endoscopic surgeries and high cost of minimally invasive devices are the factors anticipated to restrain the growth of the South Asia flexible endoscope market. Conversely, surge in disposable income of population in the South Asia region is expected to provide lucrative growth opportunities for the market.

The South Asian flexible endoscope market is segmented based on application, end user and country. Based on application, the market is divided into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, gastrointestinal endoscopy, neuro endoscopy, obstetrics/gynecology endoscopy, ENT endoscopy, and other applications. Based on end user, it is categorized into hospitals, clinics, and others. By Country, it is analyzed across India, Pakistan, Bangladesh, Sri Lanka, Nepal, and rest of South Asia.

South Asia flexible endoscope market by end user

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Hospitals account for the largest share among end users for flexible endoscopes, followed by clinics and others. This is attributed to the fact that hospitals are well-equipped with endoscopy units to cater to the different needs of endoscopic procedures. Moreover, endoscopy units at hospitals are equipped with video endoscopy system, trolleys, cabinets, monitoring & documentation equipment, medication, insufflators, and other apparatus required to perform endoscopy modalities. Furthermore, the market for flexible endoscopes is developing in the most remote regions of South Asia. For instance, in June 2017, Human Organ Transplant Centre (HOTC), Bhaktapur became the premiere public hospital to provide endoscopic ultrasound service in Nepal.

South Asia flexible endoscope market by application

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Laparoscopy application segment dominated the South Asia flexible endoscope market in 2017. This is attributed to the increase in obese population and rise in demand for minimal invasive surgeries such as laparoscopy for weight reduction (bariatric surgeries). Furthermore, surge in geriatric population, rise in health awareness, and increased adoption of minimally invasive surgeries by the healthcare professionals is also anticipated to boost the growth of the South Asia flexible endoscope market.

South Asia flexible endoscope market by country

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The report provides an extensive competitive analysis and profiles of the key market players, such as Boston Scientific Corporation, Conmed Corporation, Fujifilm Holdings Corporation, HOYA Corporation, Johnson & Johnson (Ethicon, Inc.), Karl Storz GmbH & Co Kg, Olympus Corporation, Stryker Corporation, Vimex sp. z.o.o. (Vimex endoscopy). The other players included in the value chain analysis (but not included in the report) are Richard Wolf GmbH, Hill Rom Holding Inc., Smith & Nephew plc, and Xion GmbH.

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 of the industry.

  • The report presents a quantitative analysis of the market from 2018 to 2025 to enable stakeholders to capitalize on the prevailing market opportunities.

  • An extensive analysis of the market based on application, end user, and countries assist in understanding the trends in the industry.

  • The key market players are analyzed along with their strategies to understand the competitive outlook of the South Asia flexible endoscope industry.

Key Market Segments

  • By Application
    • Bronchoscopy
    • Arthroscopy
    • Laparoscopy
    • Urology Endoscopy
    • Neuro Endoscopy
    • Gastrointestinal Endoscopy
    • Obstetrics/Gynecology Endoscopy
    • ENT Endoscopy
    • Other Endoscopy applications

  • By End User
    • Hospitals
    • Clinics
    • Others

  • By Country
    • South Asia
      • India
      • Pakistan
      • Bangladesh
      • Sri Lanka
      • Nepal
      • Rest of South Asia

Key Market Players

  • BOSTON SCIENTIFIC CORPORATION
  • CONMED CORPORATION
  • FUJIFILM HOLDINGS CORPORATION
  • HOYA CORPORATION
  • JOHNSON & JOHNSON (ETHICON, INC.)
  • KARL STORZ GmbH & CO KG
  • MEDTRONIC PLC.
  • OLYMPUS CORPORATION
  • STRYKER CORPORATION
  • VIMEX SP. Z O.O. (VIMEX ENDOSCOPY)
 

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The utilization of flexible endoscopes is expected to witness significant growth, owing to increase in prevalence of chronic diseases. Moreover, flexible endoscope devices have piqued the interest of healthcare providers, due to benefits offered by these devices for diagnosis and treatment of clinical disorders along with increase in indications for minimally invasive procedures. Remarkable technological advancements have been witnessed in visualization & navigation systems to improve visualization during screening of chronic ailments.

Surge in incidence of chronic diseases, technological advancements, and increase in emphasis on early prevention of diseases are some of the factors that majorly drive the growth of the market. However, high cost of premium flexible endoscopes and dearth of experienced endoscopists hinder the market growth.

The incidence rate of chronic diseases in patients has drastically increased in the recent years with the shift of the Asian population in the geriatric age group. This factor along with increase in stress in daily life augments the growth of the flexible endoscope market. In addition, flexible endoscope manufacturers and distributors have focused on expanding their presence in emerging economies to strengthen their market penetration.

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