Research Nester’s recent market research analysis on “Rigid Endoscopes Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global rigid endoscopes market in terms of market segmentation by product, end-use, and by region.
Growing Concern for the Prevalence of Chronic Diseases to Promote Global Market Share of Rigid Endoscopes
The global rigid endoscopes market is estimated to grow majorly on account of the increased preference for minimally invasive surgical procedures for the diagnosis and treatment procedures for chronic diseases. Furthermore, rigid endoscopes are being demanded by endoscopists to carry out laparoscopy, cystoscopy, and others which are anticipated to bring lucrative growth opportunities for market growth in the upcoming years. Also, the high number of benefits offered by rigid endoscopes makes it a preferable medical device to get a clear picture and better visualization of organs during surgical procedures. All these factors coupled to create profitable opportunities for market growth during the forecast period.
Some of the major growth factors and challenges that are associated with the growth of the global rigid endoscopes market are:
Growth Drivers:
· Surge in Investments in the Medical Devices Sector
· Significant Growth in the Healthcare Industry
Challenges:
The unavailability of skilled professionals for the usage of rigid endoscopes along with the high costs of the product and the rise in excise duty imposed on manufacturers are some of the major factors anticipated to hamper the global market size of rigid endoscopes.
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By end-use, the global rigid endoscopes market is segmented into hospitals and outpatients. The diabetes segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The major factor for the growth of the segment is the rising number of hospitals around the world with advanced facilities for setting up rigid endoscopes. In addition, the high focus on enhancing the hospital infrastructure with the integration of advanced medical devices is also anticipated to favor segment growth. Also, the large pool of patients visiting hospitals daily for treatment checkups along with the trust factor associated with hospitals is projected to impetus a string revenue generation.
By region, the North American rigid endoscopes market is to generate the highest revenue by the end of 2035. The presence of a strong healthcare facility along with the high number of Americans being diagnosed with chronic and rare diseases is estimated to bring chances for the utilization of rigid endoscopic treatment procedures. On the other hand, the Asia Pacific market is also estimated to hold a significant market share during the forecast period owing to the burgeoning geriatric population along with the rapid growth in the medical devices industry.
The European region for the rigid endoscopes market is also set to present magnetic opportunities for growth by 2035 owing to the high adoption of medical technology and rapid advancement in the field of healthcare in the region. Furthermore, the increased need for home-based and remote patient monitoring devices is estimated to expand the market size during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global rigid endoscopes market which includes company profiling of Pristine Surgical, Olympus Corporation, Ethicon U.S., LLC, Boston Scientific Corporation, Karl Storz GmbH & Co. KG, Stryker, PENTAX Medical, Richard Wolf, Medtronic, and other key players.
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