Endoscopes are the tubular, optical instruments, which are used in the diagnosis of various diseases. There are two types of endoscopes, which include rigid endoscope and flexible endoscope. There are equipment, which have been introduced to protect the tips of the endoscopes. There are semi rigid mesh protectors and eye piece protectors, used to cover the tip of the endoscope. The companies manufacturing endoscope tip protectors are focusing on new product development and approval. For example – In 2019, Olympus launched the Scope Pro-tech endoscopic tip protector, made possible through an exclusive distribution agreement with Meditech Endoscopy Ltd. The scope pro- tech was approved by FDA in May 2019. The new innovations by the key players operating in endoscopes tip protectors, can increase the growth of endoscope tip protectors market.
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Endoscope Tip Protectors Market: Drivers and Restraints
The increasing number of minimally invasive surgeries, is expected to increase the growth of endoscope tip protectors market. Increasing healthcare awareness and technological advancement in the field of healthcare, is expected to increase the growth of endoscope tip protectors market. Increasing prevalence of chronic diseases, can drive the endoscope tip protectors market significantly. Several other factors such as increasing number of hospitals, increasing population, increasing disposable income, is expected to increase the growth of endoscope tip protectors market. Increasing geriatric population, is another important factor which is responsible to increase the growth of endoscope tip protectors market. Easy availability of endoscope in hospitals and in ambulatory surgical centers, can be responsible to increase the growth of endoscope tip protectors market.
There are few factors, which can be responsible to hinder the growth of endoscope tip protectors market. Few restraints of endoscope tip protectors such as high cost of endoscopy procedures, unfavourable reimbursement is expected to hinder the growth of endoscope tip protectors market. There can be lack of awareness in some of the developing regions, which can reduce the demand of endoscope tip protectors.
Endoscope Tip Protectors Market: Key Players
There are many key players manufacturing endoscope tip protectors. The companies manufacturing various endoscopic tip protectors are focusing on developing new and advanced products. Also, mergers, acquisitions and partnerships are the major strategies adopted by the key players. Examples of some of the key players operating in the global endoscope tip protectors market are Medtrica Solutions Ltd., Meditech Endoscopy, Aspen Surgical, Medline Industries, Inc., and Olympus etc.
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Endoscope Tip Protectors Market: Segmentation
Tentatively, the global Endoscope Tip Protectors market can be segmented on the basis of product type, indication, application, end user and geography.
Based on product type, the global Endoscope Tip Protectors market is segmented as:
- Semi Rigid Mesh Protectors
- Eye Piece Protectors
Based on end user, the global Endoscope Tip Protectors market is segmented as:
- Hospitals
- Ambulatory Surgical Centers
- Others
Endoscope Tip Protectors Market: Overview
The Endoscope tip protectors market is segmented into semi rigid mesh and eye piece. Semi rigid mesh are used to cover the tip of the endoscopes. Eye piece play a major role in protecting the tip of the endoscope. Semi rigid mesh is expected to hold a large revenue share in the endoscope tip protectors market. Based on the end user, the endoscope tip protectors market has been segmented into hospitals, ambulatory surgical centers and other medical centers. Hospitals are expected to hold a large revenue share in the endoscope tip protectors market.
Endoscope Tip Protectors Market: Regional Outlook
Geographically, the global endoscope tip protectors market is segmented into few key regions i.e. North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East and Africa. North America is expected to be the dominant market in the global endoscope tip protectors market due to technological advancements and presence of well-established healthcare infrastructure. Europe is expected to register a large revenue share in the global endoscope tip protectors market throughout the forecast period. Countries like India, China are expected to show a significant growth in the endoscope tip protectors market due to increasing number of hospitals and increasing number of surgeries.
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