Authored By: Sarah
19 Jan 2021

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

  • 35% of the market growth will originate from North America during the forecast period.
  • High demand for flexible video duodenoscopes will be a key trend that will influence market growth significantly.
  • The Growing prevalence of gastrointestinal disorders and ercp procedures will be a significant factor in driving the growth of the duodenoscopes market.

Duodenoscopes Market Size to Grow by Nearly $ 94 Million During 2021-2025 | Key Products and Segment Analysis

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.

For more insights on this market: Download a Free Sample Report

Duodenoscopes Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive duodenoscopes market growth during the next five years
  • Precise estimation of the duodenoscopes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the duodenoscopes market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of duodenoscopes market vendors

Duodenoscopes Market Size to Grow by Nearly $ 94 Million During 2021-2025 | Key Products and Segment Analysis

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 Size to Grow by Nearly $ 94 Million During 2021-2025 | Key Products and Segment Analysis

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.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

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