Global Endoscopy Guidewire Market (2021 to 2028) - Rising Patient Preference for Minimally Invasive Procedures Presents Opportunities

Dublin, Sept. 03, 2021 (GLOBE NEWSWIRE) -- The "Endoscopy Guidewire Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Monofilament, Coiled, Coated); Core Material (Stainless Steel, Nitinol); Application (Diagnostics, Therapeutic), and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the market was valued at US$ 1,192.04 million in 2021 and is projected to reach US$ 1,749.60 million by 2028; it is expected to grow at a CAGR of 5.6% during 2021-2028. The report highlights the trends prevailing in the market, and drivers and deterrents pertaining to the market growth. The growth of the market is mainly attributed to the key factors such as the rising prevalence of diseases requiring endoscopy and favorable government initiatives. However, risk of infections caused due to endoscopy and high cost of endoscopy procedures & equipment restrain the market growth. On the other side, the rising patient preference for minimally invasive procedures offer lucrative opportunities for the growth of the market during the forecast period.

Endoscopy is a procedure, which helps doctors or physicians to view and operate internal organs and vessels of the body. As this is a minimally invasive procedure, it is preferred on a large scale for diagnosis and treatment of various diseases and medical conditions. Endoscopy can be performed on different internal body organs with the help of specialized instruments. Endoscopy is preferred in diseases or medical conditions such as cancer and gastrointestinal disorders. In recent years, there has been a substantial rise in cancer cases and other diseases needing endoscopy.

For instance, the American Cancer Society estimates about 26,560 new cases (16,160 in men and 10,400 in women) of stomach cancer in the US by 2021. Endoscopy procedure is highly preferred during the detection and treatment of various indications, such as ulcers, liver & kidney diseases, and chronic joint symptoms, which have increased significantly in recent years due to various environmental factors and change in the individual's lifestyle in developing economies. With an increase in these medical conditions, the demand for endoscopy procedures is expected to increase the adoption of endoscopy guidewire devices in the coming years.

Olympus Corporation, Steris plc. CONMED Corporation, Boston Scientific Corporation, Merit Medical Systems Inc., Medtronic, Cook Medical LLC, Medorah Meditek Pvt. Ltd., and Hobbs Medical Inc are among the prominent players operating in the Endoscopy Guidewire market. These players are focusing on product development and innovation to sustain their positions in the market. For instance, in May 2019, Olympus Corporation., among the technology leader in designing and delivering innovative solutions for medical and surgical procedures, launched its RevoWave Endoscopic Guidewire and the CleverLock Guidewire Locking Device. in the US market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the endoscopy guidewire market.

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global endoscopy guidewire market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction

2. Endoscopy Guidewire Market - Key Takeaways

3. Research Methodology

4. Global Endoscopy Guidewire Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific - PEST Analysis
4.2.4 Middle East and Africa (MEA) - PEST Analysis
4.2.5 South and Central America (SCAM) - PEST Analysis
4.3 Expert Opinions

5. Endoscopy Guidewire Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Diseases Requiring Endoscopy
5.1.2 Favourable Government Initiatives
5.2 Market Restraints
5.2.1 Risk of Infections Caused Due to Endoscopy and High Cost of Endoscopy Procedures & Equipment
5.3 Market Opportunities
5.3.1 Rising Patient Preference for Minimally Invasive Procedures
5.4 Future Trends
5.4.1 Development of Endoscopic Robotic Systems
5.5 Impact analysis

6. Endoscopy Guidewire Market - Global Analysis
6.1 Global Endoscopy Guidewire Market Revenue Forecast and Analysis
6.2 Global Endoscopy Guidewire Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players

7. Endoscopy Guidewire Market Analysis - By Type
7.1 Overview
7.2 Endoscopy Guidewire Market Revenue Share, by Type (2021 and 2028)
7.3 Monofilament
7.3.1 Overview
7.3.2 Monofilament: Endoscopy Guidewire Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Coiled
7.4.1 Overview
7.4.2 Coiled: Endoscopy Guidewire Market- Revenue and Forecast to 2028 (US$ Million)
7.5 Coated
7.5.1 Overview
7.5.2 Coated: Endoscopy Guidewire Market- Revenue and Forecast to 2028 (US$ Million)

8. Endoscopy Guidewire Market Analysis - By Core Material
8.1 Overview
8.2 Endoscopy Guidewire Market Revenue Share, by Core Material (2021 and 2028)
8.3 Stainless Steel
8.3.1 Overview
8.3.2 Stainless Steel: Endoscopy Guidewire Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Nitinol
8.4.1 Overview
8.4.2 Nitinol: Endoscopy Guidewire Market- Revenue and Forecast to 2028 (US$ Million)

9. Endoscopy Guidewire Market Analysis - By Application
9.1 Overview
9.2 Endoscopy Guidewire Market Revenue Share, by Application (2021 and 2028)
9.3 Diagnostics
9.3.1 Overview
9.3.2 Diagnostics: Endoscopy Guidewire Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Therapeutic
9.4.1 Overview
9.4.2 Therapeutic: Endoscopy Guidewire Market- Revenue and Forecast to 2028 (US$ Million)

10. Endoscopy Guidewire Market - Geographical Analysis

11. Impact of COVID-19 Pandemic on Global Endoscopy Guidewire Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment Of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview

13. Company Profiles
13.1 Olympus Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 STERIS plc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 CONMED Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Boston Scientific Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Merit Medical Systems Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Medtronic
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Cook Medical LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Medorah Meditek Pvt. Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HOBBS MEDICAL INC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments

14. Appendix

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