Global Sigmoidoscopes Market By Product Type (Flexible Sigmoidoscope, Rigid Sigmoidoscope), Application (Diagnosis, Monitoring, Others), End-User (Clinics, Hospitals, Diagnostic Centres, Gastroenterology Institutes, Ambulatory Surgical Centres, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Sigmoidoscopes Market
Global Sigmoidoscopes Market is expected to grow with a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the increasing prevalence of gastrointestinal (GIT) diseases and awareness about healthcare.
Market Definition: Global Sigmoidoscopes Market
Sigmoidoscopy is used to separate or screen out the colon cancer in patients; patients aged 50 year or above undergo the procedure in 3 to 5 years. Sigmoidoscopy procedure is used to view the lower colon and diagnose the causes leading to abdominal pain, changes in the bowel movement and internal bleeding in patients. This procedure uses sigmoidoscope in which a flexible tube with a light and lens is inserted in the patient’s anus for visualization and diagnostic procedure.
- High prevalence of gastrointestinal diseases with increasing concerns for healthcare of individuals resulting in increased demand for the product
- Growth in the development and innovations resulting in advanced levels of product offerings; this factor is expected to drive the market growth
- Preference of substitute medical devices which offer more than just sigmoidoscopes is expected to hinder the growth of the market
- High levels of cost associated with the device is expected to hinder the growth of the market
Segmentation: Global Sigmoidoscopes Market
- By Product Type
- Flexible Sigmoidoscope
- Rigid Sigmoidoscope
- By Application
- By End-User
- Diagnostic Centres
- Gastroenterology Institutes
- Ambulatory Surgical Centres
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In April 2018, PENTAX Medical announced the launch of J10 Series Video Naso-Pharyngo-Laryngoscopes and the DEFINA EPK-3000 Video Processor, which is used to obtain the clear image of the patient viewing anatomy structure of the patient.
- In January 2017, PENTAX Medical a subsidiary of the HOYA Corporation announced that they had acquired C2 Therapeutics. This acquisition will help in expanding their endoscopes portfolio used in therapeutics.
Global sigmoidoscopes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sigmoidoscopes market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major market competitors currently working in the sigmoidoscopes market are Stryker, Medical Devices Business Services, Inc., Olympus Corporation, Medtronic, Arthrex, Inc., Smiths Group plc, HOYA Corporation, Welch Allyn, Boston Scientific Corporation, Aesculap, Inc. – a B.Braun company, Richard Wolf GmbH, Ambu A/S, HMB Endoscopy Products, FUJIFILM Corporation, Bolton Surgical Ltd., Parburch Medical Developments Ltd, jindalmedical.com, Pal Surgicals, GENERAL ELECTRIC COMPANY and KARL STORZ SE & Co. KG.
Research Methodology: Global Sigmoidoscopes Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global sigmoidoscopes market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)