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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

LI_195133
Pages: 140
Jan 2019 | 1969 Views
 
Author(s) : Sohail Shaikh & Onkar Sumant
Tables: 54
Charts: 47
 

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.

flexible endoscope Key Market Segments:

By Application

  • Bronchoscopy

  • Arthroscopy

  • Laparoscopy

  • Urology Endoscopy

  • Gastrointestinal Endoscopy

  • Neuro 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

 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    Key findings of the study

2.1.1.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Top player positioning, 2017
3.4.    Porter’s five forces analysis
3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    Increase in prevalence of cancer in South Asia
3.5.1.2.    Rise in patient preference for minimally invasive surgeries
3.5.1.3.    Technological advancements associated with flexible endoscopes

3.5.2.    Restraints

3.5.2.1.    High costs associated with minimally invasive treatments
3.5.2.2.    Limited awareness about available flexible endoscopes

3.5.3.    Opportunities

3.5.3.1.    Lucrative opportunities in emerging economies
3.5.3.2.    Unmet medical demands in developing countries

3.6.    Healthcare settings in South Asia

CHAPTER 4:    FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION

4.1.    Overview

4.1.1.    Market size and forecast

4.2.    Bronchoscopy

4.2.1.    Market size and forecast
4.2.2.    Market analysis by country

4.3.    Arthroscopy

4.3.1.    Market size and forecast
4.3.2.    Market analysis by country

4.4.    Laparoscopy

4.4.1.    Market size and forecast
4.4.2.    Market analysis by country

4.5.    Urology Endoscopy

4.5.1.    Market size and forecast
4.5.2.    Market analysis by country

4.6.    Neuro Endoscopy

4.6.1.    Market size and forecast
4.6.2.    Market analysis by country

4.7.    Gastrointestinal Endoscopy

4.7.1.    Market size and forecast
4.7.2.    Market analysis by country

4.8.    Obstetrics/Gynecology Endoscopy

4.8.1.    Market size and forecast
4.8.2.    Market analysis by country

4.9.    ENT Endoscopy

4.9.1.    Market size and forecast
4.9.2.    Market analysis by country

4.10.    Other Endoscopy applications

4.10.1.    Market size and forecast
4.10.2.    Market analysis by country

CHAPTER 5:    FLEXIBLE ENDOSCOPE MARKET, BY END USER

5.1.    Overview

5.1.1.    Market size and forecast

5.2.    Hospitals

5.2.1.    Market size and forecast
5.2.2.    Market analysis, by country

5.3.    Clinics

5.3.1.    Market size and forecast
5.3.2.    Market analysis, by country

5.4.    Others

5.4.1.    Market size and forecast
5.4.2.    Market analysis, by country

CHAPTER 6:    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET, BY COUNTRY

6.1.    Overview
6.2.    South Asia

6.2.1.    Key market trends, growth factors, and opportunities
6.2.2.    Market size and forecast

6.2.2.1.    India Market size and forecast

6.2.2.1.1.    Market size and forecast, by application
6.2.2.1.2.    Market size and forecast, by end user

6.2.2.2.    Pakistan market size and forecast

6.2.2.2.1.    Market size and forecast, by application
6.2.2.2.2.    Market size and forecast, by end user

6.2.2.3.    Bangladesh Market size and forecast

6.2.2.3.1.    Market size and forecast, by application
6.2.2.3.2.    Market size and forecast, by end user

6.2.2.4.    Sri Lanka market size and forecast

6.2.2.4.1.    Market size and forecast, by application
6.2.2.4.2.    Market size and forecast, by end user

6.2.2.5.    Nepal market size and forecast

6.2.2.5.1.    Market size and forecast, by application
6.2.2.5.2.    Market size and forecast, by end user

6.2.2.6.    Rest of South Asia Market size and forecast

6.2.2.6.1.    Market size and forecast, by application
6.2.2.6.2.    Market size and forecast, by end user

CHAPTER 7:    COMPANY PROFILES

7.1.    BOSTON SCIENTIFIC CORPORATION

7.1.1.    Company overview
7.1.2.    Company snapshot
7.1.3.    Operating business segments
7.1.4.    Product Portfolio
7.1.5.    Business performance
7.1.6.    Key strategic moves and developments

7.2.    CONMED CORPORATION

7.2.1.    Company overview
7.2.2.    Company snapshot
7.2.3.    Operating business segments
7.2.4.    Business performance

7.3.    FUJIFILM HOLDINGS CORPORATION

7.3.1.    Company overview
7.3.2.    Company snapshot
7.3.3.    Operating business segments
7.3.4.    Key strategic moves and developments
7.3.5.    Business performance

7.4.    HOYA CORPORATION

7.4.1.    Company overview
7.4.2.    Company snapshot
7.4.3.    Operating business segments
7.4.4.    Product Portfolio
7.4.5.    Business performance

7.5.    JOHNSON & JOHNSON (ETHICON, INC.)

7.5.1.    Company overview
7.5.2.    Company snapshot
7.5.3.    Operating business segments
7.5.4.    Product portfolio
7.5.5.    Business performance

7.6.    KARL STORZ GmbH & CO KG

7.6.1.    Company overview
7.6.2.    Company snapshot
7.6.3.    Operating business segments
7.6.4.    Product Portfolio

7.7.    MEDTRONIC PLC.

7.7.1.    Company overview
7.7.2.    Company snapshot
7.7.3.    Operating business segments
7.7.4.    Product portfolio
7.7.5.    Key strategic moves and developments
7.7.6.    Business performance

7.8.    OLYMPUS CORPORATION

7.8.1.    Company overview
7.8.2.    Company snapshot
7.8.3.    Operating business segments
7.8.4.    Product Portfolio
7.8.5.    Key strategic moves and developments
7.8.6.    Business performance

7.9.    STRYKER CORPORATION

7.9.1.    Company overview
7.9.2.    Company snapshot
7.9.3.    Operating business segments
7.9.4.    Product Portfolio
7.9.5.    Key strategic moves and developments
7.9.6.    Business performance

7.10.    VIMEX SP. Z O.O. (VIMEX ENDOSCOPY)

7.10.1.    Company overview
7.10.2.    Company snapshot
7.10.3.    Operating business segments
7.10.4.    Product Portfolio

LIST OF TABLES

TABLE 01.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 02.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR BRONCHOSCOPY, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 03.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR ARTHROSCOPY, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 04.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR LAPAROSCOPY, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 05.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR UROLOGY ENDOSCOPY, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 06.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR NEURO ENDOSCOPY, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 07.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR GASTROINTESTINAL ENDOSCOPY, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 08.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR OBSTETRICS/ GYNECOLOGY ENDOSCOPY, BY COUNTRY,  2017–2025 ($MILLION)
TABLE 09.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR ENT ENDOSCOPY, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 10.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR OTHER ENDOSCOPY APPLICATIONS, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 11.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 12.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR HOSPITALS, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 13.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR CLINICS, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 14.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR OTHER END USERS, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 15.    SOUTH ASIAN FLEXIBLE ENDOSCOPE MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 16.    INDIA FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 17.    INDIA FLEXIBLE ENDOSCOPE MARKET, BY END USER, 2017–2025 ($MILLION)
TABLE 18.    PAKISTAN FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 19.    PAKISTAN FLEXIBLE ENDOSCOPE MARKET, BY END USER, 2017–2025 ($MILLION)
TABLE 20.    BANGLADESH FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 21.    BANGLADESH FLEXIBLE ENDOSCOPE MARKET, BY END USER, 2017–2025 ($MILLION)
TABLE 22.    SRI LANKA FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 23.    SRI LANKA FLEXIBLE ENDOSCOPE MARKET, BY END USER, 2017–2025 ($MILLION)
TABLE 24.    NEPAL FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 25.    NEPAL FLEXIBLE ENDOSCOPE MARKET, BY END USER, 2017–2025 ($MILLION)
TABLE 26.    REST OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 27.    REST OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET, BY END USER, 2017–2025 ($MILLION)
TABLE 28.    BOSTON SCIENTIFIC: COMPANY SNAPSHOT
TABLE 29.    BOSTON SCIENTIFIC: OPERATING SEGMENTS
TABLE 30.    BOSTON SCIENTIFIC: PRODUCT PORTFOLIO
TABLE 31.    CONMED CORPORATION: COMPANY SNAPSHOT
TABLE 32.    CONMED CORPORATION: OPERATING SEGMENTS
TABLE 33.    FUJIFILM HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 34.    HOYA CORPORATION: COMPANY SNAPSHOT
TABLE 35.    HOYA CORPORATION: OPERATING SEGMENTS
TABLE 36.    HOYA CORPORATION: PRODUCT PORTFOLIO
TABLE 37.    J&J: COMPANY SNAPSHOT
TABLE 38.    J&J: OPERATING SEGMENTS
TABLE 39.    J&J: PRODUCT PORTFOLIO
TABLE 40.    KARL STORZ: COMPANY SNAPSHOT
TABLE 41.    KARL STORZ OPERATING SEGMENTS
TABLE 42.    KARL STORZ: PRODUCT PORTFOLIO
TABLE 43.    MEDTRONIC: COMPANY SNAPSHOT
TABLE 44.    MEDTRONIC: OPERATING SEGMENTS
TABLE 45.    MEDTRONIC: PRODUCT PORTFOLIO
TABLE 46.    OLYMPUS CORPORATION.: COMPANY SNAPSHOT
TABLE 47.    OLYMPUS CORPORATION.: OPERATING SEGMENTS
TABLE 48.    OLYMPUS CORPORATION.: PRODUCT PORTFOLIO
TABLE 49.    STRYKER CORPORATION., LTD.: COMPANY SNAPSHOT
TABLE 50.    STRYKER CORPORATION.: OPERATING SEGMENTS
TABLE 51.    STRYKER CORPORATION.: PRODUCT PORTFOLIO
TABLE 52.    VIMEX: COMPANY SNAPSHOT
TABLE 53.    VIMEX: OPERATING SEGMENTS
TABLE 54.    VIMEX: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET SEGMENTATION
FIGURE 02.    TOP INVESTMENT POCKETS, 2017
FIGURE 03.    TOP WINNING STRATEGIES, BY YEAR, 2016–2018
FIGURE 04.    TOP WINNING STRATEGIES, BY YEAR, 2016–2018
FIGURE 05.    TOP WINNING STRATEGIES, COMPANY AND TYPE
FIGURE 06.    TOP PLAYER POSITIONING, 2017
FIGURE 07.    MODERATE BARGAINING POWER OF BUYERS
FIGURE 08.    LOW BARGAINING POWER OF SUPPLIERS
FIGURE 09.    HIGH THREAT OF NEW ENTRANTS
FIGURE 10.    LOW THREAT OF SUBSTITUTION
FIGURE 11.    HIGH COMPETITIVE RIVALRY
FIGURE 12.    DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 13.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR BRONCHOSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 14.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR ARTHROSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 15.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR LAPAROSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR UROLOGY ENDOSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 17.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR NEURO ENDOSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 18.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR GASTROINTESTINAL ENDOSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 19.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR OBSTETRICS/GYNECOLOGY ENDSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 20.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR ENT ENDOSCOPY BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 21.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR OTHER ENDOSCOPY APPLICATIONS BY COUNTRY, REVENUE, 2017–2025 ($MILLION)
FIGURE 22.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR HOSPITALS, BY COUNTRY, 2017 AND 2025
FIGURE 23.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR CLINICS, BY COUNTRY, 2017 AND 2025
FIGURE 24.    COMPARATIVE SHARE ANALYSIS OF SOUTH ASIA FLEXIBLE ENDOSCOPE MARKET FOR OTHERS, BY COUNTRY, 2017 AND 2025
FIGURE 25.    BOSTON SCIENTIFIC: REVENUE, 2015–2017 ($MILLION)
FIGURE 26.    BOSTON SCIENTIFIC: REVENUE SHARE BY BUSINESS SEGMENT, 2017 (%)
FIGURE 27.    BOSTON SCIENTIFIC: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 28.    CONMED CORPORATION.: REVENUE, 2015–2017 ($MILLION)
FIGURE 29.    CONMED CORPORATION.: REVENUE SHARE BY BUSINESS SEGMENT, 2017 (%)
FIGURE 30.    CONMED CORPORATION: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 31.    FUJIFILM HOLDINGS CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 32.    FUJIFILM HOLDINGS CORPORATION: REVENUE SHARE BY SEGMENTS, 2018 (%)
FIGURE 33.    FUJIFILM HOLDINGS CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 34.    HOYA CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 35.    HOYA CORPORATION: REVENUE SHARE BY SEGMENTS, 2017 (%)
FIGURE 36.    HOYA CORPORATION: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 37.    J&J: NET SALES, 2017–2016 ($MILLION)
FIGURE 38.    J&J: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 39.    J&J: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 40.    MEDTRONIC: NET SALES, 2015–2017 ($MILLION)
FIGURE 41.    MEDTRONIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 42.    MEDTRONIC: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 43.    OLYMPUS CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 44.    OLYMPUS CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 45.    OLYMPUS CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 46.    STRYKER CORPORATION: REVENUE, 2015–2017 ($MILLION)
FIGURE 47.    STRYKER CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)

 
 

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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