London, 28 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global flexible endoscopes market 2015-2019, which is expected to grow at a CAGR of 5.99% during the forecast period of 2014-2019.
Market growth of flexible endoscopes is predominantly facilitated by the increasing population of elderly individuals, high incidence of chronic diseases, and increased public awareness of endoscopic procedures. These flexible endoscopes are widely used in healthcare settings for diagnostic and therapeutic purposes. Also, recent advances and innovations in the field of endoscopy technology positively affect the growth of this market.
“Manufacturers are now offering a wide range of HD flexible endoscopes that provide high-quality images when used with compatible processors for better diagnosis of diseased organs or areas,” says Faisal Ghaus, Vice President of Technavio.
“The system produces a light spectrum that recovers irregularities in the superficial mucosal surface that would not otherwise be detectable with standard white light.”
Key Market Drivers:
- Increasing Population of Elderly People.
- Increased Public Awareness.
- Favorable Reimbursement Policies.
- Increased Use in MI Procedures.
Key Market Trends:
- High Demand for HD Flexible Endoscopes.
- Increased Preference for Flexible Sigmoidoscopy.
- Increased Use of Refurbished Devices.
Key Market Vendors:
- FUJIFILM Holdings Corp.
- Hoya Corp.
- Olympus Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
