According to the research report titled ‘Global Duodenoscope Market - Analysis By Type, By Treatment, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global duodenoscope market valuation had reached USD 151.23 million in 2019 and is expected to record consistent growth throughout the forecast period.
 

Increased pervasiveness of biliary diseases, gall bladder, obesity, and pancreatitis owing to widespread adoption of sedentary lifestyle and other unhealthy habits is one of the key factors driving the growth of global duodenoscope market.
 

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Technological advancements in this business domain and focus towards improving the healthcare infrastructure is also stimulating the industry outlook. Increasing popularity of advanced endoscopic treatment options coupled with escalating healthcare expenditure are also augmenting the demand for duodenoscope across the globe.
 

Additional factors such as growing elderly population and increasing consumption of alcohol or tobacco have resulted in high occurrence of pancreatic cancer, which in turn is favoring the overall market outlook. However, the advent of COVID-19 has severely disrupted the healthcare sector, with declining patient volume considering most of the clinicians are prioritizing treating Coronavirus patients and thus, is negatively impacting global duodenoscope market outlook.
 

As per type, the report cites that flexible video duodenoscope segment is expected to grow substantially over the study duration. This product type offers high quality images which play a key role in endoscope visualization, especially during ERCP procedures. Increasing R&D investments by market majors in a bid to launch improve structures of duodenoscopes is also fueling the segmental share.
 

Moving on to treatment type, the diagnostics segment accounted for the largest market share and is reckoned to witness continuous growth throughout the forecast period. Rising R&D activities, and growing adoption of duodenoscopes by physicians to detect life-threatening diseases are favoring the overall market scenario.
 

The competitive landscape of global duodenoscope market is defined by companies such as Vimex Endoscopy, Boston Scientific Corp., Custom Ultrasonics Inc., SonoScape Medical Corp., EndoMed Systems GmbH, Ambu A/S, Fujifilm Holdings Corporation, Pentax Medical, Karl Storz SE & Co. KG, and Olympus Corporation among others.