According to the recent research by Future Market Insights, the endoscope tracking solutions market is set to witness a 9.0% growth during the forecast period from 2021 to 2031.
The growth will be experienced due to the rising endoscopic procedures in the world. Therefore, there will be significant growth seen in the endoscope tracking solutions market.
Endoscope tracking solutions is a reprocessing management tool that tracks and documents the workflow and status of the endoscope. Many factors are driving the demand for endoscope tracking solutions such as rising endoscopic procedures in the developed and developing countries, growing geriatric population and increasing emphasis on improving reprocessing guidelines by healthcare facilities.
The cases of infections caused due to the use of endoscopes have been considerably increasing which results in endoscope-associated infections. These infections can occur due to improper sterilization, are compelling healthcare workers to undertake several initiatives to reduce the risk of infections for patients. Thus, plays a vital role in driving the endoscopic tracking solutions market during the forecast period from 2021 to 2031.
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An endoscopy collects tissue samples (biopsy) for testing the diseases and conditions such as bleeding, inflammation or cancers of the digestive system.
According to PubMed, stomach cancer is the 3rd most deadly cancer in the world. According to GLOBOCAN 2020, 4.8 million new cases of gastrointestinal cancer was recorded in the world. Therefore, the rising cases of cancer are expected to enhance its sales during the forecast period from 2021 to 2031.
The cases of stomach cancer are rising in the U.S. According to the American Cancer Society’s study, there will be approximately 26,560 new cases of stomach cancer in the U.S. in 2021. Also, the risk of cancer increases with the increasing older age population at any place.
Also, the advancement in technology plays an important role in increasing the sale and demand of endoscope tracking solutions worldwide. Therefore, the demand for endoscope tracking solutions will increase during the forecast period from 2021 to 2031.
Smoking is a major cause of cancer. Poisons that are found in cigarette smoke can weaken the immune system of the body, thus making it harder to kill cancer cells. According to WHO, 27% of cancer cases in Europe are due to tobacco use in 2018. Thus, endoscope tracking solutions sales will also increase in the region during the forecast period from 2021 to 2031.
The key players of endoscope tracking solutions include
The above companies follow certain strategies like merger & acquisition, getting FDA approval, and new product launches to be at the top position in the market. For instance, in July 2020, Olympus Corporation announced the agreement to acquire Arc Medical Design. This acquisition benefits the company by improving the early detection and treatment of colorectal cancer.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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