The global duodenoscope market is expected to reach a considerably large market size in 2032 and register a high CAGR over the forecast period. Industry analysis indicates that rising demand for duodenoscopes among end-users, such as hospitals, clinics, and pediatric centers, is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period.
Duodenoscopes are lightweight, reusable, illuminated tubes that are employed to diagnose and treat disorders of the main pancreatic duct and the biliary ducts. These tubes are inserted into the top portion of the small intestine, also called the duodenum, through the mouth, the throat, and the stomach. They are used in endoscopic retrograde cholangiopancreatography (ERCP), a potentially life-saving procedure. Duodenoscopes are used to remove fluids from the main pancreatic duct and the biliary ducts in a minimally invasive manner. They are important in the diagnosis and treatment of severe, sometimes fatal diseases. Every year, duodenoscopes are used in over 500,000 ERCP procedures in the U.S. alone. Duodenoscope is a more complex device than other endoscopes and is tough to clean and disinfect.
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Global Duodenoscope Market: Dynamics
Technological advancements to enhance applicability of duodenoscopes and increase in the prevalence of gastrointestinal disorders, such as pancreatic duct cancer and biliary duct cancer, are expected to boost growth of the global duodenoscope market at a significant rate in the near future. Growth of the global duodenoscope market is also expected to be driven by increase in initiatives by the Centers for Disease Control and Prevention (CDC) and the U.S. Food and Drug Administration (FDA) to improve the design of duodenoscopes in order to facilitate their disinfection and thereby, reduce the risk of patient-to-patient infection. However, rise in the number of duodenoscope-related, multidrug-resistant infections by bacteria (such as E. coli and Klebsiella) and the resultant product recalls are projected to hinder growth of the global duodenoscope market over the forecast period.
Global Duodenoscope Market: Regional Landscape
Based on region, the global duodenoscope market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regional markets, the North America market accounts for the largest revenue share in the global duodenoscope market, owing to well-developed healthcare infrastructure and high awareness among physicians in the region about duodenoscopes and methods to prevent duodenoscope-related infections. China and India collectively have the world\’s largest population and thereby, large geriatric population. This factor is expected to fuel growth of the duodenoscope market in Asia Pacific over the forecast period.
Key Players Operating in Global Duodenoscope Market:
- FUJIFILM Holdings Corporation
- KARL STORZ GmbH & Co. KG
- PENTAX Medical
- Olympus Corporation
- Custom Ultrasonics, Inc.
Global Duodenoscope Market: Regions Covered
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Global Duodenoscope Market: Report Highlights
- Detailed overview of the duodenoscope market
- Changing dynamics of the duodenoscope market
- Segmentation of the duodenoscope market
- Regional landscape of the duodenoscope market
- Evaluation of the duodenoscope market on the basis of the present and past data collected
- Historical, present, and projected duodenoscope market in terms of volume and value
- Recent trends and developments in the duodenoscope market
- Competitive landscape of the duodenoscope market
- Strategies adopted by key players and products offered by them in the duodenoscope market
Global Duodenoscope Market: Segmentation
The report consists of forecasts for the duodenoscope market at global, regional, and country levels. The report contains analysis of trends in each segment of the market for the period from 2023 to 2032.
For this study, has segmented the global duodenoscope market in terms of product type and end-user as follows.
By Product Type (Revenue, USD Billion; 2023–2032)
- Flexible Video Duodenoscopes
- Flexible Non-video Duodenoscopes
By End-user (Revenue, USD Billion; 2023–2032)
- Pediatric Centers
- Ambulatory Surgical Centers
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