LONDON--(BUSINESS WIRE)--The global flexible endoscopes market is expected to grow by USD 1.75 billion as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 6%. Request free sample pages
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The market is driven by the rising popularity of minimally invasive procedures. In addition, technological advances are anticipated to boost the growth of the flexible endoscopes market.
Minimally invasive (MI) procedures are now being preferred by both healthcare providers and patients as they require a shorter duration of hospital stay and are less painful. MI techniques also eliminate various post-operation complications such as blood clots, infections, pain, fatigue, and muscle atrophy. Governments and other key stakeholders are increasingly promoting the use of MI techniques over traditional open surgical techniques. This is propelling the adoption of gastro endoscopy devices among a majority of surgeons. For instance, flexible endoscopes are extensively used to perform laparoscopy procedures. Thus, the rising popularity of MI procedures is expected to drive market growth during the forecast period.
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Major Five Flexible Endoscopes Companies:
Boston Scientific Corp.
Boston Scientific Corp. operates the business under various segments such as MedSurg, Rhythm and Neuro, Cardiovascular, and Specialty Pharmaceuticals. The company offers LithoVue, which is a single-use digital flexible ureteroscope that delivers high-resolution digital images to help urologists remove kidney stones efficiently.
FUJIFILM Holdings Corp.
FUJIFILM Holdings Corp. offers products through the following business units: Imaging solutions, Healthcare and material solutions, and Document solutions. The company offers variety of flexible endoscopes, including gastrointestinal endoscopes (600 Series, 590 Series, 580 Series, and 530 Series), bronchoscopes (580 Series, 530 Series, and EB-530US), and double-balloon endoscopes (EI-580BT, EN-580T, and EN-580XP).
HOYA Corp. operates under various business segments, namely Life Care, Information Technology, and Other Businesses. The company offers medical flexible endoscopes for minimally invasive medical procedures. Flexible endoscopes offered by the company includes video scopes and fiberscopes.
Huger Medical Instrument Co. Ltd
Huger Medical Instrument Co. Ltd offers products through the following business segments: Medical endoscope, Veterinary endoscope, and Single-use scope. The company offers single-use and reusable flexible endoscopes. 200 series is a model of single-use endoscope offered by the company. The company also offers video endoscope systems and fiberscopes for medical applications.
KARL STORZ SE & Co. KG
KARL STORZ SE & Co. KG offers products through the following business segments Human medicine, Industrial, Veterinary machine, and Service. The company offers flexible endoscopes with diameter between 0.5 mm to 9 mm with a robust, smooth outer shell made of plastic or a metal-tungsten braiding.
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Flexible Endoscopes Market Product Outlook (Revenue, USD Billion, 2020-2024)
- Flexible videoscopes
- Flexible fiberscopes
Flexible Endoscopes Market Geography Outlook (Revenue, USD Billion, 2020-2024)
- North America
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