Duodenoscopes Market Size to Grow by $ 93.89 mn During 2021-2025
Technavio has been monitoring the duodenoscopes market and it is expected to grow by $ 93.89 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Duodenoscopes Market: North America to lead market growth during the forecast period
Duodenoscopes Market: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ambu AS, Boston Scientific Corp., Endomed Systems GmbH, FUJIFILM Holdings Corp., HOYA Corp., KARL STORZ SE & Co. KG, Olympus Corp., and SonoScape Medical Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Duodenoscopes Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the global duodenoscopes market and it is expected to grow by USD 93. 89 million accelerating at a CAGR of over 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Click for Free Sample Report
Duodenoscopes Market: Segmentation by Product
During 2020 the flexible video duodenoscopes segment accounted for the major share of the duodenoscopes market. This segment is expected to grow at a fast pace during the forecast period because of growing technological advances, product launches, and the increasing demand for MI techniques. Hence, the growth of the market segment will record a fast growth rate during the forecast period.
Duodenoscopes Market: Segmentation by Geography
North America was the largest Duodenoscopes Market market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 35% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for duodenoscopes in North America. Market growth in this region will be slower than the growth of the market in other regions. The rising prevalence of acute and chronic pancreatitis, GI disorders, and ulcers is one of the prime factors that will facilitate the duodenoscopes market growth in North America over the forecast period.
Duodenoscopes Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ambu AS, Boston Scientific Corp. and Endomed Systems GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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