The small bowel enteroscope market is currently valued at approximately US$ 500 million and is expected to exhibit a consistent compound annual growth rate (CAGR) of 8% to 9% throughout the forecast period spanning from 2022 to 2032. The sales prospects for the small bowel enteroscopy market appear optimistic, with substantial growth projected over the ensuing decade. The increasing adoption of small bowel enteroscopes can be attributed to their provision of interventional and visualization therapy, as well as their ability to offer high-quality imaging of the entire bowel, superior to alternative techniques and devices. Consequently, the demand for small bowel enteroscopes is poised to accelerate during the assessment period.
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Small Bowel Enteroscopes: Market Insights
Enteroscopy is an endoscopic examination of the small intestine. Enteroscopy is a widely used procedure for the examination of small bowel. Double-balloon enteroscopy is the first kind of balloon-assisted endoscopy used for the examination of small bowel. After that, single-balloon enteroscopy has been introduced as an alternative for balloon-assisted method. With the advancement in technology, small bowel enteroscopes are being introduced into the market.
Small bowel enteroscopes helps the physician to navigate the entire small bowel from either rectal or oral approach and enable the physicians to perform both therapeutic and diagnostic techniques within the small bowel. A small bowel enteroscopes uses an endoscope which when inflated by air expands the small intestine in order to help the camera to get a close view of the sections. With the help of small bowel enteroscopes, gastrointestinal bleeding can be identified. According to one journal, more than 250,000 hospitalizations were recorded annually in US in 2018 due to gastrointestinal haemorrhage. With increasing number of cases, the small bowel enteroscopes is likely to spur the market.
Small Bowel Enteroscopes: Market Dynamics
Market Dynamics for Small Bowel Enteroscopes
Small bowel enteroscopes have increased market potential because, unlike other procedures, they can produce high-quality images of the whole gut. Small intestine enteroscopy delivers interventional and visualization therapy throughout the small bowel, and as a result, the adoption rate is projected to rise in the coming years, increasing the market for small bowel enteroscopy.
In addition to this, the increasing prevalence of gastrointestinal bleeding in patients also contribute to high adoption of the small bowel enteroscopes in diagnostics laboratories and hospitals which will spur the growth of the market. Moreover increasing disposable income in developing economies will also contribute in increasing the market of small bowel enteroscopes. However, there occurs certain limitation that may restrain the growth of the market. The small bowel enteroscopes required skilled professionals to perform the examination and so lack of professionals may hamper the growth of the market. In addition to this, small bowel enteroscopes require prolong time to perform the examination and so medical professionals may choose to opt for other examination. Moreover the cost is another important factor which again may hinder the growth of the market.
Small Bowel Enteroscopy Market: Overview
The small bowel endoscopes market is expected to register significant growth in the market. Small bowel enteroscopy has become a key component in the evaluation and examination of the gastrointestinal tract. Small bowel enteroscopes has been accepted for wide variety of indication. Manufacturers are currently ongoing multiple clinical trials related to other indications with the help of small bowel enteroscopes. Some of the indications that are currently under investigations are Crohn’s disease, Refractory celiac disease, Small bowel obstruction etc. Thus with the advancement in technologies, the global small bowel enteroscopes is likely to anticipate growth in the market.
Small Bowel Enteroscopes Market: Region-wise Outlook
On the basis of geography, the global small bowel endoscopes market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan and Middle East & Africa.
North America is likely to manifest significant growth in the small bowel endoscopes market due to advanced healthcare infrastructure and increase in healthcare expenditure is having a high impact in overall market.
Global Growth Prospects of Small Bowel Endoscopes Market:
Europe market protrude to have high growth in market due to increasing burden of gastrointestinal bleeding and rising costs in healthcare Asia Pacific is also have the potential in stimulating the growth of the small bowel endoscopes market due to high demand for new treatment option and increasing awareness in new technologies seems to drive the small bowel enteroscopy market.
Japan has the potential to grow the overall small bowel enteroscopes market due to advancement in technology and increase in gastrointestinal diseases. Middle East & Africa have less impact in overall small bowel enteroscopes market due to lack of healthcare infrastructure and low healthcare expenditure may thrive the market.
Small Bowel Enteroscopes Market: Key Players
Some of the key players present across the value chain of the global small bowel endoscopes market are Pentax Medical, Olympus Corporation, FUJIFILM Holdings America Corporation.
The report covers exhaustive analysis on:
- Segments
- Markets Dynamics
- Market Size
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The reports provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. This is also maps the qualitative impact of various market factors on market segments and geographies.
Small Bowel Enteroscopes Market: Segmentation
The global small bowel endoscopes market is segmented by indication and end user.
The segmentation by indication includes:
- Obscure gastrointestinal bleeding
- Small bowel tumours
- Polyposis syndromes
- Dilation of small bowel stenosis
Segmentation by End User
Similarly, the segmentation by end user comprises:
- Hospitals
- Clinics
- Diagnostics Laboratories
- Others
Report Highlights:
In light of the comprehensive analysis, the report showcases:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, along with geographical regions exhibiting promising growth
- A neutral perspective on market performance
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