United States Endoscope Repair Market Will Grow the Fastest in Texas

The U.S. endoscope repair market will reach USD 990.7 million by 2030, at a CAGR of 10.4% by the end of this decade, as stated by a market expert at P&S intelligence, a market research firm.

The growing incidence of GI, colorectal, and breathing ailments among the people; the presence of well-known players; the improving healthcare services, and the growing hospital count are some of the key factors for the industry growth.

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The larger revenue share, of about 70% was held by the flexible endoscopes. These are made up of portable tubes, simple to control.

Also, flexible endoscopes provide more comfort to patients, offer endoscopists an improved vision, and let access to more of the colon.

ISOs will grow faster at a rate of over 10%, by the end of this decade. This will mostly be because of the benefits offered by ISOs, for example low cost and greater flexibility in servicing and repairing the endoscope equipment of diverse OEMs.

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Furthermore, the snowballing acceptance of comprehensive servicing contracts with ISOs, for reducing the intricacies and additional expenditures related to the separate services provided under agreements with diverse OEMs further powering the industry.

Endoscopy processes for identifying and treating have increased, as a result of the increasing frequency of colorectal and gastrointestinal ailments. The occurrence of benign and GI disorders, and colorectal problems, is on the rise elderly population globally.

Other illnesses, for example pancreatic and biliary ailments with gallstones, are common among elderly. Endoscopes are therefore favored by patients and doctors for the analysis of tumors and cancer due to their safety and efficacy. This increases the requirement for endoscopes and helps in the market expansion.

Texas was the leader of the U.S. endoscope repair market. Furthermore, the state will also grow the fastest in the years to come. This will have a lot to do with the high elderly population, along with the high cancer prevalence.

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Additionally, the Texas DADS, ERS, DSHS, and TRS have about 83% of the healthcare expenditure in the state per annum, making care reasonable for the people. Consequently, the increasing healthcare spending in Texas is powering the requirement for endoscopes, which is powering the growth of the market in the state.

The growing prevalence of various kinds of diseases in the U.S., and the presence of established players of the industry is playing a positive role for the demand for endoscope repair in the country.

Market Size Breakdown by Segment

By Type
• Flexible
o Upper gastrointestinal endoscopes
o Colonoscopes
o Bronchoscopes
o Sigmoidoscopes
o Laryngoscopes
o Duodenoscopes
o Nasopharyngoscopes
o Rhinoscopes
o Others
• Rigid
o Laparoscopes
o Ureteroscopes
o Gynecology endoscopes
o Arthroscopes
o Cystoscopes
o Neuroendoscopes
o Others
By Service Provider
• Independent Service Organizations (ISOs)
• Original Equipment Manufacturers (OEMs)
By State
• Texas
• California
• Florida
• Illinois
• Pennsylvania
• Ohio
• New York
• Michigan
• Georgia
• Kansas
• Others

Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

This release was published on openPR.