Esophagoscopy is a medical procedure, wherein a flexible endoscope is slid through the mouth or sometimes, though rarely, through the nostrils to the esophagus. Esophagoscopy is one of the many procedures classified under upper endoscopy. An esophagoscope or a flexible endoscope is used to acquire a view of the mucous membrane and inner lining of the esophagus. It is a minimally noninvasive procedure that helps in diagnosing and treating conditions of the esophagus. The esophagoscopes can diagnose the cause of symptoms, identify diseases of the esophagus, stretch out narrowed areas, and remove swallowed objects or unusual growths. Depending on the type of esophagoscopy, a patient is administered local or general anesthesia and is sedated to minimize the discomfort during the procedure.
Considerable increase in the use of mechanical instruments to diagnose and treat various esophageal problems, advancement in esophagoscopes technology, flexibility of devices, need for early detection, and increase in geriatric population with esophageal issues drive the market. Some of the key competitive factors among the esophagoscopes manufacturers are affordability of the device, their visual efficacy, and the kind of service provided by the manufacturers. Lack of skilled personnel, high cost of instruments and their maintenance, risks associated with esophagoscopy such as over sedation, bleeding due to abrasion, and risk of infections are expected to hamper the growth of the global esophagoscopes market.
The global esophagoscopes market can be segmented based on product type and end-user. In terms of product type, the global market can be classified into flexible esophagoscopes, rigid esophagoscopes, and transnasal esophagoscope. The flexible esophagoscopes segment is expected to account for the largest market share owing to ease of use, pliability, and high preference among physicians. Flexible esophagoscopes with video functions is expected to dominate the market in the near future. Based on end-user, the global esophagoscopes market can be divided into hospitals, diagnostic laboratories, clinics, and ambulatory surgical centers. The hospitals segment is expected to account for the largest market share owing to increase in the number of cases of esophageal cancer, growths, and polyps in the esophagus, rise in demand for minimally invasive procedures that entail fewer risks, and increased use of esophagoscopes for surgical as well as diagnostic procedures.
In terms of region, the global esophagoscopes market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is expected to capture the largest market share due to rise in esophageal infections, rapid technological advancements in esophagoscopic devices, and favorable reimbursement policies. Europe is expected to be the second most prevalent region for esophageal disorders. The region is expected to be the second largest market for esophagoscopes in terms of revenue during the forecast period. The market in Asia Pacific is likely to witness steady growth owing to increase in geriatric population and rise in awareness as well as adoption of esophagoscopy.
Key players operating in the global esophagoscopes market include KARL STORZ SE & Co. KG, Stryker, Fujifilm Corporation, Olympus Corporation, Richard Wolf, Orient Medical, Aohua Endoscopy Co., Ltd., Zhejiang Shendasiao Medical Instrument Co., Ltd., Boston Scientific Corporation, and HOYA Corporation.
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.
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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.