Press release
Duodenoscopes in Diagnostics and Treatment Beyond Gallstones: The Expanding Role
Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Duodenoscopes Market- by Product Type (Flexible Video Duodenoscopes and Single-Use Duodenoscopes), Application (Diagnostic and Therapeutic/Treatment), Procedure (ERCP, EUS and Others), End-User (Gastroenterology Clinics, Hospitals and General and Paediatric Surgeon), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
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Duodenoscope Market Overview
Insightace Analytics estimates the global duodenoscope market was valued at US$159.39 million in 2021 and is projected to reach US$292.24 million by 2030, reflecting a CAGR of 7.15%.
Duodenoscopes: Applications and Benefits
Duodenoscopes are specialized endoscopes primarily used for endoscopic retrograde cholangiopancreatography (ERCP), a procedure that allows visualization and treatment of the bile ducts and pancreas.
Their design offers a direct view of the duodenal papilla, hence the name "side-viewing endoscopes." Duodenoscopes play a crucial role in minimally invasive treatments for conditions like gallstones, pancreatic cancers, and bile duct cancers. Additionally, they are used to diagnose and manage trauma, chronic pancreatitis, and pancreatic pseudocysts.
Market Drivers and Challenges
• Growth Factors:
o Increasing research and development efforts to improve diagnosis and
treatment of gastrointestinal disorders.
o Rising prevalence of gastrointestinal, pancreatic, and bile duct cancers.
o Focus by healthcare agencies and manufacturers on reducing the risk of
infections associated with duodenoscopes.
o Technological advancements in duodenoscope design for enhanced
functionality.
• Challenges:
o Public awareness regarding the potential spread of infections through duodenoscopes remains limited.
o Outdated databases of adverse events related to duodenoscopes pose challenges in tracking and addressing them.
Regional Market Landscape
North America is expected to dominate the duodenoscope market due to factors like:
• Widespread adoption of duodenoscopes.
• Advanced healthcare infrastructure.
• High prevalence of gastrointestinal diseases.
The European market is also projected for significant growth driven by increasing awareness of technological advancements. Rising healthcare expenditure in the region is likely to further fuel demand for duodenoscopes.
Major market players operating in the duodenoscopes market include
Fujifilm Corporation, Karl Storz Endoscopy, Olympus Corporation, Hoya Corporation (Pentax Medical), Ambu A/S, Boston Scientific Corporation, and Cook Medical.
Recent collaborations and agreements in the market:
• In February 2020, the US FDA granted Olympus 510(k) clearance for their TJF-Q190V duodenoscope.
• In November 2019, Pentax's duodenoscope design, which requires less disinfection, received FDA approval.
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Market Segments
Global Duodenoscopes Market, by Product Type, 2022-2030 (Value US$ Mn)
• Flexible Video Duodenoscopes
• Single-Use Duodenoscopes
Global Duodenoscopes Market, by Application, 2022-2030 (Value US$ Mn)
• Diagnostic
• Therapeutic/Treatment
Global Duodenoscopes Market, by Procedure, 2022-2030 (Value US$ Mn)
• ERCP
• EUS
• Others
Global Duodenoscopes Market, by End-User, 2022-2030 (Value US$ Mn)
• Gastroenterology Clinics
• Hospitals
• General and Paediatric Surgeon
Global Duodenoscopes Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Duodenoscopes Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Duodenoscopes Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Duodenoscopes Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Duodenoscopes Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Duodenoscopes Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global duodenoscopes market
To receive an industry overview and future trends of the Duodenoscopes market
To analyze the duodenoscopes market drivers and challenges
To get information on the duodenoscopes market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the duodenoscopes market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
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