Duodenoscopes Market Size to Expand Lucratively by 2031

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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According to the latest research by Insightace Analytics, the global duodenoscopes market was valued at US$ 159.39 Million in 2021. It is expected to reach US$ 292.24 Million by 2030, with a CAGR of 7.15 % during a forecast period of 2022-2030.

Duodenoscopes are primarily employed for endoscopic retrograde cholangiopancreatography (ERCP) and are often referred to as side-viewing endoscopes due to their ability to provide a direct view of the main duodenal papilla. These devices are crucial in treating various conditions, including pancreatic and bile duct cancer, gallstones, pancreatic pseudocysts, acute and chronic pancreatitis, and trauma, offering a less invasive alternative to conventional surgery. However, challenges such as limited public awareness of infection risks associated with these devices and outdated databases regarding adverse events have led to concerns about their accuracy in detecting such incidents.

The growth of the duodenoscopes market is anticipated to be driven by ongoing research and development, technological advancements to better understand the causes and risk factors associated with infectious transmissions, and the creation of new strategies to mitigate patient risk. As technological innovations continue to enhance the utility of duodenoscopes in medical procedures, the market is expected to expand. However, the increasing prevalence of gastrointestinal disorders, including pancreatic and bile duct cancers, may limit the market's global growth. Key factors driving the expansion of the duodenoscopes market include rising rates of gastrointestinal and pancreatic tumors, as well as intensified collaboration between the FDA, CDC, and manufacturers to identify the sources of infectious transmission and develop solutions to reduce patient exposure.

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North America is projected to be the dominant region in the duodenoscopes market during the forecast period, owing to the widespread adoption of these devices, a leading healthcare system, ongoing technological advancements, and an increase in the prevalence of gastrointestinal diseases. Additionally, the European market for duodenoscopes is expected to experience significant growth, driven by heightened awareness of technological innovations and an increase in healthcare spending, which is expected to further boost demand for these devices.

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.

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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.
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

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About Us:
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 competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

About Us:
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 competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

This release was published on openPR.