Rigid Endoscopes Market is anticipated to grow at a CAGR 2.06% by 2025

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Global Rigid Endoscopes Market is witnessed to grow at a CAGR rate of 2.06% during the forecast period 2019 to 2025.Rising ageing population coupled with the growing diseases such as arthritis and others are witnessed to drive the demand for rigid endoscopes for the treatment of joints, limbs, and others at targeted positions. Observation and monitoring of minute body tissues and others are tending to drive the market demand owing for its ease of operation and simplicity.

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Less time consumption attributed to monitoring and minimal abrasive surgeries are the key opportunities that are expected to boost the global rigid endoscopes market share.

High cost of endoscopy surgeries is challenging the demand for rigid endoscopes. Risks and complications associated with the use of rigid endoscopes such as allergies and pain persist after surgery are limiting the growth of the market.

Hospitals dominate among the end users of the global rigid endoscopes market:

Presence of skilled technicians, doctors, and other staff are witnessed to drive the demand for rigid endoscopes owing to enhanced endoscopy treatments in hospitals. Availability of various medicines, equipment, and diagnostics centres at one place, customers are witnessed to join in hospitals for endoscopy treatments.

Other factors such as some endoscopy treatment need to have patient observation and presence of private and public hospitals for endoscopy treatment are witnessed to drive the demand.

Easy availability of spare parts and other components of endoscopy devices in both the offline and online modes are booting the market growth. However, the process of installation of endoscopy devices by experienced and expert staff is limiting the growth of rigid endoscopes market.

Further, end-user industries of rigid endoscopes market are segmented into clinical centres and others.

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North America leads the Global rigid endoscopes market:

North America rigid endoscopes market dominates the global share of rigid endoscopes in terms of volume and value. Increase in ageing population in North America is expected to witness the increase in therapeutics and other diseases coupled with increases in rigid endoscopy treatment of gastrointestinal endoscopy and treatment of arthritis.

Increase in disposable income of the customer is witnessed to increase the demand for endoscopy treatment owing to minimal abrasive surgery, fast recovery time, and without attributing for their physical appearance.

Some countries across the North America are offering health insurance to some low-risk endoscope treatments is also fuelling the market growth of rigid endoscopes.

Further, regional analysis is analysed for countries across the Asia Pacific, Europe, South & Central America, and Middle East & Africa.

Competitive Landscape:

Key players operating in the rigid endoscopes market are Olympus Corporation, Karl Storz GmbH & Co KG., B. Braun Melsungen AG, Stryker Corporation, and Boston Scientific Corporation, Ethicon, Inc. (Johnson & Johnson), Fujifilm Holding Corporation, Medtronic PLC, PENTAX Medical (Hoya Corporation), and Smith & Nephew PLC among others.

The company strategies such as the launch of new products to expand the existing product lines are being performed. Some companies expanding their business into a new emerging market through the launch of new products into existing product lines.

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In January 2019, OraVu launched the DeVA-1 Dental Vision Assistant, a complete micro-endoscope system for Definitive Treatment of Periodontal Disease without Surgery.

In October 2018, Olympus introduced OER-Mini Endoscope Reprocessor for ENT facilities.

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