Market Overview:
The global sphincterotomes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of gastrointestinal disorders, rising geriatric population, and technological advancements in sphincterotomes. Based on type, the global sphincterotomes market is segmented into single use and reusable segments. The reusable segment is expected to hold a larger share of the market than the single use segment during the forecast period. This can be attributed to factors such as lower cost and longer life span as compared with single use devices. Based on application, the global sphincterotomes market is divided into hospital, clinic, and other applications segments. The hospital segment accounted for a larger share of this market in 2017 owing to increased demand for minimally invasive surgeries for treating various gastrointestinal disorders.
Product Definition:
Sphincterotomes are a type of surgical instrument that is used to cut and remove bands of muscle in the sphincter. This instrument is important because it allows for surgery to be performed on the sphincter, which can help to improve function in patients who have difficulty controlling their bowels.
Single Use:
Single-use is a technique where the medical instruments are used only once and then they get sterilized and cannot be reused. The single-use medical devices include surgical gloves, catheters, guidewires, syringes & needles among others. Single use of these devices reduces the risk of infections to patients as well as doctors.
Reusable:
Reusable surgical tools are instruments that can be used multiple times with little or no reprocessing. Reusable surgical tools include retractors, graspers, dilators, and other such devices. These products are manufactured in different shapes and sizes to suit a variety of applications but all have one feature in common - they can be used more than once. Some examples of reusable surgical instruments include scalpels, forceps.
Application Insights:
The others application segment held the largest share of the global Sphincterotomes market in 2017. This is due to a high demand for sphincterotomy devices from surgeons and other healthcare professionals. The hospital application segment is expected to grow at a lucrative CAGR during the forecast period owing to an increase in surgical procedures and awareness about these devices among patients, doctors and other healthcare professionals.
The clinic application segment was valued over USD 20,000 in 2017 owing to an increasing number of surgeries being performed by gynecologists, urologists or general physicians using this device as it allows easy access into internal organs without causing any damage or pain during surgery. Sphincterotomy can be performed easily by non-surgeons as it does not require any special skills or training which makes it highly preferred for clinics & hospitals across various regions including North America, Europe and Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as increasing geriatric population, high prevalence of chronic diseases and rising healthcare expenditure. Moreover, growing number of surgical procedures due to increasing incidence of cancer is expected to drive the regional demand for sphincterotomy devices.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare infrastructure and economic development in emerging countries like China and India. Growing medical tourism industry in these countries will also contribute towards growth during the forecast period. Furthermore, an increase in government initiatives for quality medical care delivery system will boost regional growth further during the forecast period.
Growth Factors:
- Increasing incidence of anal cancer: The incidence of anal cancer is increasing at an alarming rate across the globe. This is mainly due to the rising prevalence of human papillomavirus (HPV) infection, which is a major risk factor for developing anal cancer. Anal cancer can be treated effectively with sphincterotomes, thereby driving its demand in the market.
- Growing awareness about early diagnosis and treatment: There is a growing awareness among people about the importance of early diagnosis and treatment for various diseases, including anal cancer. This is helping to drive demand for sphincterotomes in the market as they offer an effective way to diagnose and treat anal cancers at an early stage.
- Rising number of surgical procedures: The number of surgical procedures being performed globally is on the rise due to various factors such as increasing incidence of diseases and technological advancements in surgery techniques. This is leading to an increase in demand for sphincterotomes, which are essential tools used during these surgeries.
- . Technological advancements: There has been a significant advancement in technology pertaining to sphincterotomes over recent years, resulting in better performance and safety profiles thereof These technological advances are helping to boost adoption ratesof these devices globally, thereby propelling growth prospectsfor this market segment . 5.. Growing popularityof minimally invasive surgery techniques: Minimally invasive surgery (MIS) techniques are becoming increasingly popular due their
Scope Of The Report
Report Attributes
Report Details
Report Title
Sphincterotomes Market Research Report
By Type
Single Use, Reusable
By Application
Hospital, Clinic, Others
By Companies
Medi-Globe, Boston Scientific, Olympus Medical, Cook Medical, CLINODEVICE, G-Flex, Advin Health Care, Shaili Endoscopy, Gtech, Mednetic, Bio Serve NZ Ltd, Zhejiang ChuangXiang Medical Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Sphincterotomes Market Report Segments:
The global Sphincterotomes market is segmented on the basis of:
Types
Single Use, Reusable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medi-Globe
- Boston Scientific
- Olympus Medical
- Cook Medical
- CLINODEVICE
- G-Flex
- Advin Health Care
- Shaili Endoscopy
- Gtech
- Mednetic
- Bio Serve NZ Ltd
- Zhejiang ChuangXiang Medical Technology
Highlights of The Sphincterotomes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Use
- Reusable
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sphincterotomes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sphincterotomes are a type of muscle that helps control the flow of urine and feces.
Some of the major companies in the sphincterotomes market are Medi-Globe, Boston Scientific, Olympus Medical, Cook Medical, CLINODEVICE, G-Flex, Advin Health Care, Shaili Endoscopy, Gtech, Mednetic, Bio Serve NZ Ltd, Zhejiang ChuangXiang Medical Technology.
The sphincterotomes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sphincterotomes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sphincterotomes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sphincterotomes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sphincterotomes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sphincterotomes Market Size & Forecast, 2020-2028
4.5.1 Sphincterotomes Market Size and Y-o-Y Growth
4.5.2 Sphincterotomes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Use
5.2.2 Reusable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sphincterotomes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sphincterotomes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Use
9.6.2 Reusable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Use
10.6.2 Reusable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Use
11.6.2 Reusable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Use
12.6.2 Reusable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Use
13.6.2 Reusable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sphincterotomes Market: Competitive Dashboard
14.2 Global Sphincterotomes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medi-Globe
14.3.2 Boston Scientific
14.3.3 Olympus Medical
14.3.4 Cook Medical
14.3.5 CLINODEVICE
14.3.6 G-Flex
14.3.7 Advin Health Care
14.3.8 Shaili Endoscopy
14.3.9 Gtech
14.3.10 Mednetic
14.3.11 Bio Serve NZ Ltd
14.3.12 Zhejiang ChuangXiang Medical Technology
