Cholangioscope Market Introduction

Cholangioscope is a device used for non-invasive endoscopic procedure for direct visual diagnostic evaluation of the bile ducts. Cholangioscopy is performed when endoscopic retrograde cholangiopancreatography is not sufficient to provide a clear diagnostic image. Reaction to sedatives, sore throat, gas, and cramps are some of the side effects of cholangioscope. 

Cholangioscope Market - Competitive Landscape

Key players operating in the global cholangioscope market are Arthrex, Inc., B. Braun Melsungen AG, Boston Scientific Corporation, Cook Medical, Inc., Medtronic plc, Johnson & Johnson, FUJIFILM Holdings Corporation, HOYA Corporation, KARL STORZ GmbH & Co. KG, and Olympus Corporation. Suppliers in the global cholangioscope market include manufacturers of components of various electronic devices such as visualization systems, energy devices, and other medical grade devices. Increase in mergers & acquisitions, strategic collaborations, and new product launches are expected to drive the global market during the forecast period. Additionally, strong product portfolio, high brand recognition, and wide geographic presence are likely to propel the global cholangioscope market during the forecast period. The global market for cholangioscope is highly competitive, with presence of large number of players facing cut throat price competition from small distributors and local players. Various organizations also offer original equipment manufacturing (OEM) services. This has enabled global companies to meet local demand. 

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KARL STORZ GmbH & Co. KG

KARL STORZ GmbH & Co. KG is one of the leading medical devices companies which designs, manufactures and sells endoscopic equipment for cholangioscopy, arthroscopy, laparoscopy, gynecology, urology, and others. The company also offers product range in veterinary and industrial application. The company majorly operates in Europe and North America. KARL STROZ is a privately held company and is headquartered in Tuttlingen, Germany. 

Olympus Corporation

Olympus Corporation is a global company with expertise in imaging techniques. The company operates in the business segments which include medical, life science and industrial, imaging, information and communication, and others. In medical segment, the company provides endoscopic imaging, endoscopic ultrasound, and catheters and newly introduced capsule endoscope. The company was formerly known as Olympus Optical Co., Ltd. and changed its name to Olympus Corporation in the year 2003. The company was incorporated in 1919 and is headquartered in Tokyo, Japan. 

Cholangioscope Market Dynamics

The global cholangioscope market is driven by various factors at regional, national, as well as global level. Aging population and increase in trend of minimally invasive surgeries are the major factors contributing to the growth of the global market. Moreover, surge in technological innovations and investment by public and private sectors for the advancement of health care are projected to propel the global market during the forecast period. However, high cost of cholangioscope devices and lack of skilled surgeons are likely to restrain the global market during the forecast period. Cholangioscope requires highly sophisticated technology and expertise in manufacturing and adding technological advancements in it. These factors increase the overall cost of cholangioscope and accessories. This acts as a major restraint of the global cholangioscope market. 

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Technological Innovations are driving the Cholangioscope Market

Technological innovations in medical cholangioscope have increased the scope of the market and therefore increased the customer base. For instance, in 2015, Boston Scientific launched SpyGlass DS II Direct Visualization System which provides high resolution imaging during cholangiopancreatography procedure.

Less Number of Skilled Professionals would Restraint the Market for Cholangioscope

Cholangioscope requires highly sophisticated technology and extreme expertise in manufacturing and adding technological advancements. Low awareness, high cost of technology and huge gap in number of physicians available for population, there is always scarcity of trained healthcare professional for handling endoscopic devices. According to World Bank data, in 2010 there were 2.4 and 2.7 physicians per 1,000 people in the United States and United Kingdom whereas China, India and Indonesia have 1.8, 0.6 and 0.3 physicians including general and specialist medical practitioners respectively. Brazil and Mexico have 1.8 and 2.0 physicians per 1,000 people respectively. Lesser number of physicians in emerging and developing market forms major restraint for the growth of cholangioscope market.

Cholangioscope Market Segmentation

Based on the product type, the cholangioscope market is segmented into

  • Diagnostic
    • 2-dimentional
    • 3-dimentional
  • Therapeutic
    • 2-dimentional
    • 3-dimentional

Based on the distribution channel, the cholangioscope market is segmented into

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.  

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