Duodenoscopes Global Market Racing to a Heightened Growth of 6.83% by 2023 - iCrowdNewswire
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Feb 13, 2018 12:24 PM ET

Duodenoscopes Global Market Racing to a Heightened Growth of 6.83% by 2023

iCrowdNewswire - Feb 13, 2018

The Global Duodenoscopes Market is expected to grow at a CAGR of 6.83% during the forecast period 2017-2023.

Duodenoscope are adaptable and light weight tubes that are strung through the mouth, throat, and stomach into the highest point of the small digestive system (duodenum). Duodenoscope are utilized for more than 500,000 methods called endoscopic retrograde cholangiopancreatography or ERCP in the United States every year.

The insignificantly intrusive surgery turned into the most widely recognized strategy for repairing distinctive sorts of heart and respiratory illnesses in created nations. At the University of Chicago Medicine, more than 70% of significant lung resection surgeries are performed utilizing negligibly obtrusive strategies and presentation of the new and progressed symptomatic methodology has changed the demonstrative and treatment situation of malignancy, asthma, and gastrointestinal infections.

Taste the market data and market information presented through more than 200 market data tables and figures spread over 174 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “duodenoscopes market research report–Global forecast till 2023.”

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Major Players in the Duodenoscopes Market

Some of the key players in this market are Fujifilm Holdings Corporation, KARL STORZ GmbH & Co. KG, PENTAX Medical, Olympus Corporation, and Custom Ultrasonics, Inc., ENDOMED, and SonoScape.

Regional Analysis:

The global duodenoscopes market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas is the leading market across the globe on account of constantly increasing cancer patient population, and increasing government support for research in healthcare domain, which is likely to flourish the Americas market over the review period. According to the National Institute of Diabetes and Digestive and Kidney Diseases, about 60 million-70 million people are affected by either major or minor GIT diseases. The number is continuously increasing due to poor diet and increasing aging population in America region.

Europe accounts for the second largest market in the world. Europe consist of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market, which is majorly contributed by Germany, the U.K., and France.

The major driving factor of the market are increasing prevalence of gastrointestinal diseases, increasing government support for development of healthcare domain, and well-developed technology. Moreover, increasing emphasis on rapid diagnosis and treatment of cancer and infectious diseases, changing lifestyle, increasing prevalence of cancer among geriatric population drive the European market.

Asia Pacific is expected to be the fastest growing market owing to the concentration of emerging player and focus of established market leaders in this region. Moreover, the rising incidence of cancer in Asia Pacific has prompted suppliers and manufacturers to expand their market reach and to enter developing economies.

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According to the Centers for Disease Control and Prevention (CDC), diseases such as stroke, heart disease, cancer, gastrointestinal diseases, diabetes, and chronic respiratory diseases, kidney diseases were the leading cause of death in 2014.  

On the other hand, the Middle East & Africa owns the minimum market share of the duodenoscopes market due to less development in healthcare services such as new and advanced diagnosis & treatment methods in healthcare domain.

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