Single Use Endoscopes Market: Increase in infections and growing need to reduce sterilization operations is driving the market demand
Global Single Use Endoscopes Market: Overview
Over the forecast period of 2019 to 2027, the global single use endoscopes market is expected to record steady growth, as per Transparency Market Research, which undertook a comprehensive study of the market’s growth dynamics, competitive landscape, and regional analysis. It is significant to note here that multiple reasons of growth are noted keeping the market buoyant over the assessment period. Used to take picture of internal organs, endoscopes are witnessing massive demand owing to factors such as increasing incidence of cancer, infections, and malignancies. As more people require it for various procedures, demand increases. And, it is pertinent to note here that as hospitals try to reduce risk of contamination, demand for single use variants reduces substantially.
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Global Single Use Endoscopes Market: Competitive Landscape
The global single use endoscopes market is rife with the various prominent players’ active and aggressive growth measures. These are redefining degree of competition, increasing it by a massive magnitude. These are also carving off a more focused future for the market, marked with a positive outlook. Strategies such as forging partnership and acquiring regional players to lay claim to a larger share of revenue are also leading to growth in the market. Keen focus area for players over the forecast period would be technological advancement and innovation.
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The global single use endoscopes market is a slightly fragmented vendor landscape and key players in the market include the following:
- Glanbia Plc.
- Hormel Foods Corporation
- Stokely-Van Comp, Inc.
- Boston Scientific Corporation
- Ambu A/S
- NeoScope Inc.
- OBP Medical Corporation
- Flexicare Medical Limited
- Hill Rom Holdings
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Global Single Use Endoscopes Market: Key Trends and Drivers
Numerous prominent trends are set to keep the global single use endoscopes market on an upward growth curves over the stated assessment period of upcoming report, prepared by Transparency Market Research. It has identified prominent drivers and laid them out into an incisive analysis, decoding growth dynamics down to a T.
- 9.6 million lives were lost to the healthcare challenge of cancer, which is witnessing a steady increase in reported cases, owing to multiple hereditary and environmental factors. Smoking, drinking, exposure to indoor and outdoor pollution are major outside factors leading to a high need for endoscopy, this is in turn leading to increase in demand for endoscopes.
- Increase in infections and growing need to reduce sterilization operations is driving demand for single use endoscopes market. These bring better hygiene into the lives of patients. It is important to note here that as geriatric population increases, demand for endoscopy would grow and single use endoscopy would have new demand to cater to.
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Global Single Use Endoscopes Market: Regional Analysis
The demand for single use endoscopes is growing worldwide but notable share would be accounted for by the North American and European region owing to massive increase in people aged 60 and above. The healthcare infrastructure is robust and priority is given to hygiene. The Asia Pacific (APAC) region is also set to chart respectable compound annual growth rate over the forecast period as it prepares to generate a slew of gainful growth opportunities. Multiple factors such as presence of a large number of geriatric people, increase in number of cancer patients, and growing awareness are propelling the regional market on to a growth trajectory.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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