The Small Bowel Enteroscopes Market is poised for a remarkable surge, fueled by the growing demand for minimally invasive procedures and advancements in endoscope technology. A recent report by Future Market Insights (FMI), a leading market research firm, forecasts a robust Compound Annual Growth Rate (CAGR) of 8% to 9% for the market from 2022 to 2032. This translates to a projected market size of US$500 million by 2032, signifying the immense potential for continued expansion in the coming years.
Future Market Insights’ in-depth research of the business models and crucial tactics used by market players provides a deep dive into the dynamics of the Small Bowel Enteroscopes Industry. Moreover, the report provides a holistic overview of market shares held by prominent players, offering valuable insights for industry professionals, investors, and stakeholders.
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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 was introduced as an alternative to the balloon-assisted method. With the advancement in technology, small bowel enteroscopes are being introduced into the market.
Small bowel enteroscopes help the physician to navigate the entire small bowel from either a rectal or oral approach and enable the physicians to perform both therapeutic and diagnostic techniques within the small bowel. A small bowel enteroscope uses an endoscope which when inflated by air expands the small intestine to help the camera 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 the US in 2018 due to gastrointestinal haemorrhage. With an increasing number of cases, small bowel enteroscopes are likely to spur the market.
Small Bowel Enteroscopes Market Dynamics
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 contributes to the high adoption of 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 to increasing the market of small bowel enteroscopes. However, certain limitations may restrain the growth of the market. The small bowel enteroscopes require skilled professionals to perform the examination so lack of professionals may hamper the growth of the market. In addition to this, small bowel enteroscopes require prolonged time to perform the examination so medical professionals may choose to opt for other examinations. Moreover, the cost is another important factor which again may hinder the growth of the market.
Small Bowel Enteroscopes 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 have been accepted for a wide variety of indications. Manufacturers are currently conducting multiple clinical trials related to other indications with the help of small bowel enteroscopes. Some of the indications that are currently under investigation 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.
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Small Bowel Enteroscopes Market: Region-wise Outlook
Based on 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 the 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 the overall market.
Global Growth Prospects of Small Bowel Enteroscopes Market:
Europe market protrudes to have high growth in the market due to the increasing burden of gastrointestinal bleeding and rising costs in healthcare Asia Pacific is also has the potential to stimulate the growth of the small bowel endoscopes market due to high demand for new treatment options 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 advancements in technology and an increase in gastrointestinal diseases. Middle East & Africa have less impact on the overall small bowel endoscopes 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 an exhaustive analysis on:
- Segments
- Markets Dynamics
- Market Size
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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 assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The reports provide an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. This also maps the qualitative impact of various market factors on market segments and geographies.
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Small Bowel Enteroscopes Market: Segmentation
Indication and end-user segment the global small bowel endoscopes market.
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
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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