Press release
Global Endoscope Repair Market is Expected to Represent US$ 1,649.7 Mn by 2025-end
Request for Report Sample @ https://www.persistencemarketresearch.com/samples/16075
Rising Colorectal & Gastrointestinal-related Diseases to Drive Market Growth
According to Persistence Market Research (PMR), the global endoscope repair market is projected to register a significant 6% CAGR during the forecast period (2017 to 2025). The market is estimated to generate revenues worth US$ 1,649.7 Mn by 2025-end. This growth is primarily attributed to shifting preferences of doctors and patients from conventional procedure toward endoscope procedure owing to its safety and efficacy.
In addition, rising popularity of colorectal and gastrointestinal-related diseases has led to increasing demand for endoscopy procedures, primarily for detection and treatment purposes. According to WHO, incidences of benign, malignant gastrointestinal diseases, and colorectal complications have gained an uptick among elderly population. This is further expected to propel demand for endoscopes and drive growth of the market.
North America will remain the largest market for endoscope repair with more than 30% share, followed by Europe and Asia Pacific (APAC). The North America endoscope repair market is expected to exceed US$ 600 Mn by 2025-end. APAC is anticipated to exhibit fastest growth at 6.3% CAGR through 2025, followed by Europe and Middle East & Africa (MEA).
Request for Report TOC @ https://www.persistencemarketresearch.com/toc/16075
Laparoscope to Remain Top-Selling Product in the Market
Although laparoscope will remain the top-selling product in the market, it is expected to witness a slight decline in its share by 2025-end. Gastroscope is expected to be the second largest product in the market. Esophagoscope will be the fastest-selling product, while demand for hysteroscope and duodonoscope will rise congruently at 6.4% CAGR.
Based on modality type, flexible endoscope is expected to retain its dominance over the market, reaching over 60% market share by 2025. However, demand for rigid endoscope is projected to exhibit a relatively higher CAGR. OEMs are expected to be the largest service providers in the global endoscope repair market, whereas third-party vendors are projected to witness a comparatively higher growth in demand.
Advent of Medical Tourism across APAC Countries to Create Opportunities for Market Growth
Elevating repair and service costs of endoscope devices has led to price sensitivity in the market. Stiff competition between OEMs and third-party vendors has resulted into price variations. OEMs and third party vendors provide high-quality, scalable customized packages based on customer requirements, which in turn is expected to pave opportunities for market growth. An array of opportunities for market growth might be created in APAC, owing to wide acceptance of various endoscopes in this region. The advent of medical tourism across APAC countries viz. Malaysia, India, Philippines, Indonesia, Thailand, and Vietnam is further expected to create opportunities for growth of the global endoscope repair market during the forecast period.
Buy Global Endoscope Repair Market Report @ https://www.persistencemarketresearch.com/checkout/16075
Key players identified in the report include Stryker Corporation, Medivators Inc., Olympus Corporation, Pentax Medical Company (Hoya Corporation), Smith & Nephew PLC., Fujifilm Holdings Corp., Karl Storz GmbH & Co. KG, Medserv International, Inc., Endoscopy Repair Specialist Inc., Fibertech Incorporation, Associated Endoscopy, Inc., EndocorpUSA, Medical Optics, HMB Endoscopy Products, Endodoctor GmbH, Schölly Fiberoptic GmbH, AED.MD, XION GmbH, Integrated Medical Systems International, Inc., United Endoscopy.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
Contact Us
Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1-646-568-7751
Tollfree: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Endoscope Repair Market is Expected to Represent US$ 1,649.7 Mn by 2025-end here
News-ID: 821010 • Views: …
More Releases from Persistence Market Research
Stadium Lighting Market Soars as LED Replaces Metal Halide with Longer Lifespan …
The stadium lighting market is witnessing unprecedented growth, fueled by the global shift from traditional metal halide lights to energy-efficient LED lighting systems. Metal halide lights, which have dominated stadiums for decades, typically last around 6,000 hours and require frequent replacement, leading to high maintenance costs. In contrast, modern LED stadium lights offer superior durability, water resistance, and shockproof features, with lifespans extending up to 100,000 hours. These advancements are…
Global POS Machines Market Outlook: US$ 18 Bn to US$ 49 Bn by 2033
The Point-of-Sale (POS) machines market has been experiencing significant growth over the past decade, driven by rapid technological advancements and the increasing adoption of digital payment solutions. As of 2022, the global POS machines market was valued at US$ 18,221.3 Million, and it is forecasted to reach US$ 49,365.2 Million by 2033. The market is anticipated to grow at a CAGR of 9.6% from 2023 to 2033, highlighting its robust…
How 3D Scanners Are Transforming Design, Manufacturing, and Entertainment
The 3D scanners market is witnessing remarkable growth as industries increasingly adopt advanced digital solutions for product design, quality control, and cultural documentation. A 3D scanner is defined as a device that analyzes real-world objects to collect data on their shape and appearance, enabling the creation of highly accurate digital models. These models are widely used across applications like movie and video game production, industrial design, prosthetics, reverse engineering, prototyping,…
Intermodal Transport Market Poised for Growth at a Robust CAGR Over the Next Dec …
Overview of the Market
The intermodal transport market is witnessing significant growth globally due to increasing demand for efficient, cost-effective, and environmentally sustainable logistics solutions. Intermodal transport, which involves the seamless integration of multiple transportation modes such as rail, road, and sea, ensures faster and safer movement of goods while reducing operational costs. The market's growth is being driven by the rising adoption of advanced technologies, such as automated gate systems…
More Releases for Endoscopy
Dermatology Endoscopy Devices Market Report 2024 - Dermatology Endoscopy Devices …
"The Business Research Company recently released a comprehensive report on the Global Dermatology Endoscopy Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The dermatology endoscopy devices…
Capsule Endoscopy Market Seeing Inside: Technological Advancements in the Capsul …
Capsule Endoscopy Market to reach over USD 1,081.73 Mn by the year 2031 - Exclusive Report by InsightAce Analytic
"Capsule Endoscopy Market" in terms of revenue was estimated to be worth $515.89 Mn in 2023 and is poised to reach $1,081.73 Mn by 2031, growing at a CAGR of 9.91% from 2024 to 2031 according to a new report by InsightAce Analytic.
Request for free Sample Pages: https://www.insightaceanalytic.com/request-sample/1086
Latest Drivers Restraint…
Capsule Endoscopy Market A Pill for Diagnosis: How Capsule Endoscopy is Revoluti …
Capsule Endoscopy Market worth $ 903.8 Million by 2030 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Capsule Endoscopy Market- by Brand (CapsoCam Plus, Capso Retrieve, CapsoAccess, CapsoView, Check-cap, OMOM, MicroCam Regular, PillCam, EndoCapsule, Sayaka and Others), Application (Obscure Gastrointestinal Bleeding (OGIB), Crohn's Disease, Small Intestine Tumor, and Others), End User (Hospitals, Clinics, and Others), Trends, Industry Competition…
Veterinary Endoscopy Market Expecting Huge Demand in Upcoming Years | Endoscopy …
Global "Veterinary Endoscopy Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of…
Veterinary Endoscopy Equipment Market Research Report 2022-2028: Unlocking the I …
Veterinary Endoscopy Equipment Market Research Report: An Outlined Summing Up
• The Veterinary Endoscopy Equipment Market research report covers the market type, product type, and application, as well as the market overview, market analysis by country, market opportunities, market risk, and market driving force.
• It investigates the manufacturers' market share, sales, prices, income, and important businesses.
• The study report also employs revenue and sales to demonstrate the amount of competitiveness among the…
Endoscopy Devices Market - Analysis By Type (Rigid, Flexible, Capsule), Applicat …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Endoscopy Devices Market. The report analyzes the Global Endoscopy Devices Market By Type (Rigid, Flexible, Capsule), By Application (Arthroscopy, Bronchoscopy, Colonoscopy, Laparoscopy, GI Endoscopy, Others) and By End User (Hospital, Clinic). The Global Endoscopy Devices Market has been analzyed By Region (North America,…
