Leading Manufacturers to Account for Major Revenue Share
Local manufacturers largely dominate the endoscopy fluid management systems market and they are competing amongst each other on the basis of pricing. The market is fragmented in nature, which negatively impacts the profitability of players; however, rising awareness regarding minimally invasive endoscopic surgeries and irrigation pumps and affinity towards the products manufactured by local companies have collectively increased revenue opportunities for global manufacturers.
Companies such as Olympus Corp, Medtronic plc, KARL STORZ GmbH & Co KG, Stryker Corp, Hologic Inc. and B. Braun Melsungen AG account for a major revenue share in the global endoscopy fluid management systems market. Leading player are expending efforts to launch novel ranges of endoscopy fluid management systems. Further, players are engaged in collaboration activities with local distributors to increase the penetration of their products.
Rising Prevalence of Chronic Diseases across the Globe
For the diagnosis and treatment of chronic as well as acute diseases, doctors, at times, prescribe surgeries. Minimally invasive surgeries are done with the help of endoscopes along with the endoscope procedure kits and during endoscopic procedures, endoscopy fluid management systems are used in the form of irrigation pumps.
Globally, endoscopic systems have been witnessing high demand, owing to the rising prevalence of chronic diseases. North America has been registering high demand for endoscopic fluid management systems, owing to the large number expert surgeons practicing in the region.
Endoscopic fluid management systems help reduce bleeding in internal cavities during endoscopic surgeries. They are integrated with endoscopey visualization systems & other endoscopic instruments. For instance, according to the Centers for Disease Control and Prevention (CDC), nearly 10 Million people aged 50 and above were reported to seek treatment for cancer across the globe in 2014.
Key Focus on Product Development to Enhance Product Quality across North America
Endoscopy fluid management systems help in maintaining precise pressure so as to reduce bleeding in internal cavities during endoscopic procedures. From a market point of view, using high-tech devices improves treatment compliance, which could drive higher unit sales and subsequently, revenue.
Key manufacturers are updating their products so as to enhance efficiency and subsequently, reduce effort and operation time. Some of the noteworthy endoscopy fluid management systems available in the market include Crossflow, Fluid Safe, HysteroFlow/HysteroBalance II, Dolphin II, Fluid3 Irrigation pump, MultiFlow Irrigation Pump, CO2 Insufflator Flow 40 and suction & irrigation instruments, among others.
Manufacturers to Target Emerging Markets
Providers of endoscopy fluid management systems are offering their services through distributor channels. Growing number of regulations, rising funding opportunities and increasing public-private partnerships are leading to promote the minimally invasive surgeries i.e. endoscopy. Most key medical device players are focusing on capturing high-potential emerging markets by expanding their distribution channels.
Change in disease patterns, triggered by changing lifestyles, rising demand for quality healthcare and improved access to healthcare services make emerging markets highly cost effective for medical device companies.
Focus on Merger & Acquisition Activities
Acquisitions and mergers represent additional opportunities for the manufacturers of endoscopy fluid management systems. Major companies in the market are seeking strategic merger and acquisition opportunities to gain an advantage over the competition. For instance, Olympus Corporation acquired U.S.-based Image Stream Medical, Inc. on 1st June, 2017.
Competitive Landscape
The competition section features profiles of the key players operating in the endoscopy fluid management systems market based on their market shares, differential strategies, product offerings and marketing approaches. Some of the key players featured in this report include Karl Storz GmbH & Co KG, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew, Stryker Corporation, DePuy Synthes (Johnson & Johnson Services, Inc.), Cantel Medical Corporation, Medtronics Plc., B. Braun Medical Inc. and Hologic Inc.
Key manufacturers of endoscopy fluid management systems are focusing on novel marketing strategies to increase their product penetration. Companies offering point-of-care endoscopy fluid management systems are concentrating on price floor strategies and offering their products with lucrative discounts.
Definition
Endoscopy fluid management systems enhance the visibility of endoscopic procedures by providing precise fluid pressure to internal cavities during endoscopy procedures.
About the Report
The research study on the endoscopy fluid management systems market for the forecast period 2018 to 2028. The endoscopy fluid management systems market report offers a comprehensive evaluation of the business opportunities prevailing in the market along with insights on the consumption trend, disease incidences, awareness level regarding endoscopy fluid management systems and market competition. The report elaborates on the macroeconomic factors influencing the dynamics of the endoscopy fluid management systems market and it’s potential.
Additional Questions Answered
Some of the additional questions addressed in this report on the endoscopy fluid management systems market include,
- What is the revenue potential of the endoscopy fluid management systems market in North America and Europe?
- Who are the key competitors and what are their portfolios in the endoscopy fluid management systems market?
- What are major challenges influencing the growth of the endoscopy fluid management systems market?
- How is intervention from regulatory authorities impacting the endoscopy fluid management systems market growth?
Research Methodology
The endoscopy fluid management systems market has been estimated with a supply-demand approach. The market numbers were first calculated on the basis if the device test volume conducted in different regions. The test volume was estimated based on the incidence rate of various types of surgeries in the top 20 countries globally. Other qualitative factors analyzed during test volume estimation include awareness level for point of care endoscopy fluid management systems and recurrence rate of diseases.
This information was further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases).
The research study on the endoscopy fluid management systems market also includes top trends and macro as well as micro economic factors shaping the endoscopy fluid management systems market. With this approach, the report on the endoscopy fluid management systems market anticipates the industry attractiveness of every major segment in over the forecast period.
Segmentation
The report offers a comprehensive taxonomy of the endoscopy fluid management systems market based on product type, end user, modality and region. Endoscopy fluid management systems are used for various types of endoscopic surgeries such as hysteroscopy and laparoscopy.. End-user segments in the endoscopy fluid management systems market include hospitals, ambulatory surgical centers and other end users, such as specialty clinics & diagnostic centers.
From a regional perspective, the endoscopy fluid management systems market has been analyzed across North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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