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The Duodenoscopes Market Size is valued at 178.09 Million in 2023 and is predicted to reach 313.55 Million by the year 2031 at a 7.48 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The increasing existance of gastrointestinal disorders such as peptic ulcers, gastroesophageal reflux disease (GERD), and gastrointestinal cancers is a major driver for the duodenoscope market.
- Technological advancements, such as the development of single-use duodenoscopes and integrated technologies that improve patient safety and treatment outcomes, are contributing to market growth.
- North America region dominated the market & accounted for a global revenue share in 2023.
- The key challenge for the Duodenoscopes Market is the high initial investment required for the development and installation of duodenoscopes.
Duodenoscope is composed of flexible, lighted weighted tubes that are inserted through the mouth, throat, and stomach into the small intestine. Duodenoscope is a viewing endoscope which is designed side-viewing endoscope for Endoscopic Retrograde Cholangiopancreatography (ERCP) that make use of fluoroscopic imaging procedure to diagnose diseases associated with bile ducts and pancreas. Increasing prevalence of various gastrointestinal conditions including pancreatic, bile duct cancer tumors are some factors fueling the growth of the global duodenoscopes market. For instance, as per the report duodenoscopes are being used in around 500,000 gastrointestinal procedures in the U.S every year to drain fluids from biliary and pancreatic ducts.
Moreover, Increasing spend on research and development to development more advance duodenoscopes to avoid transmission of infectious agent through duodenoscopes and raising FDA activities to identifying the causes and risk factors for transmission of infectious agents is another driver to drive the market.
On the other flip side, increasing evidences of transmission with hospital acquired and other infectious agents, like antibiotic drug-resistant infections restraining the growth of market. For instance, in 2013, the Centers for Disease Control and Prevention (CDC) alerted the FDA regarding incidences of multidrug resistant bacterial infections due to duodenoscopes. Nevertheless, upsurge in research in the sector enabling manufacturer to come up with novel duodenoscopes. For instance, In December 2019, the FDA had approved the first one time use fully disposable duodenoscope, manufactured by Boston Scientific. In this duodenoscopes EXALT Model D Single-Use is used which was the breakthrough device designation, since it is the first single-use duodenoscope on the market approved in the US.
Competitive Landscape
Some Of The key players in the Duodenoscopes Market:
- Fujifilm Corporation,
- Karl Storz Endoscopy,
- Olympus Corporation,
- Ambu A/S,
- Boston Scientific Corporation,
- Hoya Corporation (Pentax Medical)
- Cook Medical
Market Segmentation
The Duodenoscopes market is segmented on the basis of product type, application, procedure, end users and region. Based on the products type, the market is divided into flexible video duodenoscopes and single-use duodenoscopes. On the basis of application type, the market is segmented into diagnostic and therapeutic/treatment. Based on the procedure, the market is divided into ERCP, EUS and others. Based on the end users, the market is divided into gastroenterology clinics, hospitals and general & pediatric surgeon. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that Europe held the largest share of the market, followed by America and Asia Pacific. On the other hand, North America is expected to dominate the market during the analysis of forecast period.
Recent Developments:
- In Jan 2020, Olympus received FDA certification for their TJF-Q190V duodenoscope, which features a sterile and disposable distal endcap. The latest iteration of the Olympus duodenoscope integrates cutting-edge characteristics aimed at enhancing the cleaning and reprocessing of the device, thus mitigating the risk of device infection.
The Duodenoscopes Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 178.09 Million |
|
Revenue Forecast In 2031 |
USD 313.55 Million |
|
Growth Rate CAGR |
CAGR of 7.48% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million, volume (No. of Units) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product Type, By Application, By Procedure, By End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Fujifilm Corporation, Karl Storz Endoscopy, Olympus Corporation, Ambu A/S, Boston Scientific Corporation, Hoya Corporation (Pentax Medical) and Cook Medical |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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