Diagnostic Endoscopy Procedures Market: Overview
Diagnostic endoscopy refers to a procedure that is non-surgical and makes usage of an endoscope, enables physicians to see the internal organs and vessels of patients so as to diagnose diseases of the urinary tract, intestine, stomach, ear, colon, joints, nose, lungs, throat and many other medical conditions.
Endoscopy makes an offering of numerous benefits like it offers an elaborate view of the organ so as to help the physician in making correct diagnosis and enables early detection of various types of cancers through extraction of tissue samples for the purpose of biopsy and detection of lesions. Diagnostic endoscopy is comparatively easy to conduct, more cost-effective, and it comes with relatively low risk to the patient and this becomes quite significant in an environment where governments are making efforts so as to diminish the cost of healthcare through various reforms.
Taking into consideration of the international vendor scenario, the international market for diagnostic endoscopy procedures can be considered as moderately fragmented with the market players focusing on strategically important partnerships, collaborations, mergers, and acquisitions.
Diagnostic Endoscopy Procedures Market: Trends and Opportunities
All these growth promoting elements together with the changes in the profile of diseases owing to the expanding base of aging population, augmented awareness amongst the patients and physicians about the advantages of diagnostic endoscopy and ever changing lifestyle of the population, and these factors are making contribution towards the growth of these procedures across the globe. People who are aged about 60 years and above have been projected to hold around 17% of the total population of the world by the year 2030, up from the present share of around 12%. In addition to that, non-communicable diseases held around 70% of the total deaths across the globe in the year 2015.
Various government initiatives like colorectal cancer screening program in the U.S., screening for bowel cancer and cervical cancer are being offered to adults by the National Health Service (NHS) in the U.K., and the National Bowel Cancer Screening Program in Australia are fuelling the progress of the world market for diagnostic endoscopy. For instance, a survey that has been conducted in the U.S. discovered that around 15 million colonoscopies were conducted in the year 2012 alone.
Diagnostic Endoscopy Procedures Market: Geography
The international market for diagnostic endoscopy procedures can be divided into five major geographies of Middle East & Africa, Latin America, North America, Asia Pacific, and Europe. The region of North America is estimated to account for the maximum proportion of procedures that are conducted across the world owing to the intensive penetration of minimally invasive technologies amongst the healthcare facilities. In addition to that, healthcare reform in the U.S., which is geared towards the reduction the costs and improvement of quality of services, would fuel the facilities so as to take up minimally invasive technologies that helps in the early detection of various diseases and thereby improve the efficiency and effectiveness of the system of healthcare delivery.
Diagnostic Endoscopy Procedures Market: Company Profiling
Major market participants that are operating in the world market for diagnostic endoscopy procedures are China Resources Phoenix Healthcare Holdings Company Limited, Medical Facilities Corporation, Tenet Healthcare Corporation, Surgical Care Affiliates, AMSURG Corporation, Ramsay Health Care, Apollo Hospitals Enterprise Ltd, IHH Healthcare Berhad, and others.
For the purpose of this study, the market has been segmented as follows:
- Global Diagnostic Endoscopy procedures Market, by Point of Insertion
- Global Diagnostic Endoscopy Procedures Market, by Organ
- Global Diagnostic Endoscopy Procedures Market, by Type of Physician
- General Physicians
- Orthopedic Surgeons
- ENT Physicians
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.