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Endoscopy is a minimally invasive medical procedure that helps in visualizing the internal part of the human body (hollow organ or cavity of the body). It is performed for diagnostic as well as for the therapeutic purposes. Endoscope are equipped with camera or light source, which is present at the tip of the endoscope that helps the physicians to analyze the internal organ that they have to operate or diagnose. Currently, modern endoscope are fitted with sensitive lights such as blue and green lights, that use narrow brand imaging and allows physician to spot precancerous conditions more easily.

Endoscopic device is placed in the body through cavities or through the incision. The most common type of the endoscopic procedure include upper GI endoscopy, flexible sigmoidoscopy, endoscopic retrograde cholangiopancreatography, and liver biopsy.

Global Endoscopic Stricture Management Device Market Drivers

The global endoscopic stricture management device market is expected to witness significant growth over the forecast period due to launches of technologically advanced endoscopes by the companies. These endoscopes are capable of early diagnosis of diseases through endoscopy procedures. For instance, in May 2019, Olympus Corporation launched Power Spiral in Europe, further it will be launched in the U.S. as well as other parts of the Asian Pacific region. Power Spiral is the world’s first motorized rotation endoscope that was launched in Europe. The endoscope has increased range of the motion and is capable of reducing the procedure times. It is helpful in diagnosis as well as improve or correct the conditions within digestive tract.

Moreover, increasing U.S Food & Drug Administration (FDA) approval of the endoscopic stricture management device is the factor that is expected to drive global endoscopic stricture management device market growth. For instance, on 15th January 2020, Pentax Medical announced to receive the U.S. FDA 510(k) clearance for its Imagina endoscopy system and launch in the U.S. Imagina endoscopy system is helpful in performing the gastrointestinal (GI) procedures and consist of Pentax i-Scan, digital image enhancement system that offers enhance view or more clear view of the blood vessel as well as mucosal surface. In addition, Imagina endoscopy system is equipped with touch-screen LCD interface that eliminate the need for periodic bulb replacements. Moreover, it is cost effective as compared to the other GI endoscopy system such as video endoscopy. Therefore, launch of Imagina endoscopy system by Pentax medical is expected to increase demand of endoscopic stricture management device in the market.

Moreover, in 2017, U.S FDA gave approval for marketing as well as commercialization of the C2 Cryo Balloon System Ablation System. It is an important product offering in the global endoscopic stricture management device market.

Global Endoscopic Stricture Management Device Market Restraints

However, complications associated with the endoscopic procedure such as infection, bleeding, reaction to sedation, and perforation are the major restraints that are expected to hamper growth of the global endoscopic stricture management device market.

Moreover, lack of healthcare professionals for operating surgical procedure is the factor that is expected to hamper global endoscopic stricture management device market growth. For instance, in April 2019, according to the Association of American Medical Colleges (AAMC), the U.S. is expected to witness shortage of around 122,000 physicians by 2032, as demand for doctors is more as compared to the supply of doctors.

Global Endoscopic Stricture Management Device Market Regional Analysis

North America is expected to account for largest market share in global endoscopic stricture management device market, owing to factors such as increasing prevalence of disease requiring endoscopy procedures, and increasing product launches. Increasing prevalence of the gastrointestinal disease among the people is expected to boost global endoscopic stricture management device market growth in North America. For instance, in the U.S, in 2018, according to the National Center for Biotechnology Information (NCBI), around 11% of the population suffered from the chronic digestive disease, with the prevalence rate as high as 35% for those 65 years and over.

Moreover, Europe is expected to exhibit highest CAGR over the forecast period due to increasing number of surgical procedure such as cardiovascular procedures. For instance, according to the British Journal of Anesthesia (BJA), in 2017, in U.K, each year, one in ten people undergoes surgical procedure which in turn increase the demand of endoscopic device.

Global Endoscopic Stricture Management Device Market Key Players

Key players operating in the global endoscopic stricture management device market include Becton, Dickinson and Company, Panmed Us, Hobbs Medical, Inc Merit Medical Systems, Inc., Boston Scientific Corporation, Olympus Corporation, Cook Medical, CONMED Corporation, and Medi-Globe Gmbh.

Market Taxonomy:

On the basis of application, the global endoscopic stricture management device market is segmented into:

  • Bronchoscopy
  • Arthroscopy
  • Laparoscopy
  • Urology Endoscopy
  • Gastrointestinal Endoscopy
  • Others

On the basis of product, the global endoscopic stricture management device market is segmented into:

  • Balloon Dilator
  • Stents
  • Bougie Dilators
  • Others

On the basis of end users, the global endoscopic stricture management device market is segmented into:

  • Hospital
  • Clinics
  • Ambulatory Surgery Centers

On the basis of region, the global endoscopic stricture management device market is segmented into:

  • North America
  • Latin America
  • Europe
  • Middle East
  • Asia Pacific
  • Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users