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The rigid endoscopes market size has the potential to grow by USD 698.36 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (straight-rigid endoscopes and semi-rigid endoscopes), application (laparoscopy, arthroscopy, gynecology endoscopy, ENT endoscopy, urology endoscopy, neurology endoscopy, and others), end-user (hospitals, ASCs and clinics, and others), and geographic landscape (Asia, Europe, North America, and ROW). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including Arthrex Inc., B. Braun Melsungen AG, CONMED Corp., FUJIFILM Holdings Corp., Integrated Endoscopy Inc., KARL STORZ SE & Co. KG, NeoScope Inc., Olympus Corp., Smith & Nephew Plc, and Stryker Corp.
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The market is fragmented due to the presence of many large and medium-sized vendors, which have been focusing on technologically advanced products and services to patients across the world. Vendors are extensively competing against each other based on factors such as refurbished equipment, capital support for product or technology upgradation, and distribution partnerships. Additionally, they are trying to remain competitive in the market by adopting collaboration and premium-priced strategies. Arthrex Inc., B. Braun Melsungen AG, and CONMED Corp. are some of the major market participants. Although the growing demand for MI surgeries will offer immense growth opportunities, the increasing popularity of refurbished rigid endoscopes will challenge the growth of the 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 positions in the slow-growing segments.
To help clients improve their market position, this rigid endoscopes market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this rigid endoscopes market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
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North America was the largest rigid endoscopes market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of a significant old population in the region is driving the prevalence of chronological conditions such as ophthalmic gastroesophageal, orthopedics disorders as well as different types of cancer. This factor will significantly drive the rigid endoscopes market growth in this region over the forecast period.
Over 35% of the market's growth will originate from North America during the forecast period. The US is the key market for rigid endoscopes in North America. Market growth in this region will be slower than the growth of the market in ROW and Asia.
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The straight-rigid endoscopes segment has been contributing significantly to the market through the sales of sinuscopes, arthroscopes, and others rigid endoscopes. The demand for these products will further increase due to the introduction of enhanced /image quality. The market segment will continue to grow for the next four years due to the rising awareness about patient safety.
The market share growth by the straight rigid endoscopes segment will be slower than the growth of the market by the semi-rigid endoscopes segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the rigid endoscopes market size.
The demand for minimally invasive (MI) endoscopy procedures is increasing across the globe because they cause minimal pain and reduce the hospital stay and the recovery period. MI endoscopy procedures improve surgical outcomes, remove masses with minimal scars, and reduce the associated surgical risks. The growing demand for MI surgeries will be one of the major factors driving rigid endoscopes market growth.
These procedures treat people with other associated comorbidities and in inoperable patients. The adoption of endoscopes in various medical facilities will continue to increase because several manufacturers are conducting various training programs on the application of the endoscope for medical professionals. This, in turn, will enhance the skills of surgeons in using the MI devices and performing procedures. The rigid endoscopes market will register a CAGR of close to 6% by 2024.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Customer landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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