Transparency Market Research in its new report titled, “Esophagoscopes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the esophagoscopes market. The TMR report anticipates that the considerable increase in the use of mechanical instruments to diagnose and treat various esophageal problems, advancement in esophagoscopes technology, flexibility of devices, need for early detection, and increase in geriatric population with esophageal issues will drive the esophagoscopes market during the forecast period i.e, 2018-2026.
Some of the key competitive factors among the esophagoscopes manufacturers are affordability of the device, their visual efficacy, and the kind of service provided by the manufacturers. Lack of skilled personnel, high cost of instruments and their maintenance, risks associated with esophagoscopy such as over sedation, bleeding due to abrasion, and risk of infections are expected to hamper the growth of the global esophagoscopes market, says the report further.
The TMR report has segmented the global esophagoscopes market based on product type and end-user. Based on product type, the global market is classified into flexible esophagoscopes, rigid esophagoscopes, and transnasal esophagoscope. Among these, the flexible esophagoscopes segment is anticipated to account for the largest market share owing to ease of use, pliability, and high preference among physicians.
Flexible esophagoscopes with video functions is expected to dominate the market in the near future. In terms of end-user, the global esophagoscopes market is be divided into hospitals, diagnostic laboratories, clinics, and ambulatory surgical centers. The hospitals segment is expected to account for the largest market share owing to increase in the number of cases of esophageal cancer, growths, and polyps in the esophagus, rise in demand for minimally invasive procedures that entail fewer risks, and increased use of esophagoscopes for surgical as well as diagnostic procedures.
From a geographical perspective, the global esophagoscopes market is segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America is anticipated to capture the largest market share due to rise in esophageal infections, rapid technological advancements in esophagoscopic devices, and favorable reimbursement policies.
Europe is expected to be the second most prevalent region for esophageal disorders. The region is expected to be the second largest market for esophagoscopes in terms of revenue during the forecast period. The market in Asia Pacific is likely to witness steady growth owing to increase in geriatric population and rise in awareness as well as adoption of esophagoscopy.
Major companies operating in the global esophagoscopes market are profiled in this report to give a better competitive analysis and these include KARL STORZ SE & Co. KG, Stryker, Fujifilm Corporation, Olympus Corporation, Richard Wolf, Orient Medical, Aohua Endoscopy Co., Ltd., Zhejiang Shendasiao Medical Instrument Co., Ltd., Boston Scientific Corporation, and HOYA Corporation.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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