DUBLIN--(BUSINESS WIRE )--The "U.S. Endoscope Repair Market Report: By Type, Service Provider - Size, Share Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
In 2021, the U.S. endoscope repair market was valued at $405.6 million, and it is set to reach $990.7 million by 2030, growing at a compound annual growth rate of 10.4% during 2021-2030.
The rise in the acceptance of equipment insurance, the existence of stalwarts, and the surge in the incidence of malignant gastrointestinal, respiratory, and colorectal diseases are some of the factors propelling the market growth.
Within the U.S. endoscope repair market, the flexible category held the major share, of around 70%, in 2021. As flexible endoscopes comprise readily movable tubes, are light in weight, and can be attached to components at the top that can scrape and scratch the tissues under examination, they are used in minor operating procedures.
Flexible endoscopes are also more comfortable for patients and provide a greater vision for endoscopists.
The cost of the maintenance of medical devices is high, which propels the demand for their insurance. Several firms in the country offer medical device insurance to shield equipment users from financial losses in the event of equipment failures, such as Medical Equipment Repair Associates, ProTek Insurance, and CAN Financial Corporation.
To keep ahead of their competition, major players in the U.S. endoscope repair market have engaged in mergers. Some of these players are Endoscopy Repair Specialist Inc., HMB Endoscopy Products, Endoscopy Support Services Inc., STERIS Instrument Management Services Inc., Associated Endoscopy Inc., Medical Optics, Stryker Corporation, Total Scope Inc., J2S Medical, and Agiliti Inc.
Key Findings of U.S. Endoscope Repair Market Report
Chapter 5. Definition of Market Segments
6.1.1.1 Increasing adoption of comprehensive contracts
6.1.1.2 Rising adoption of equipment insurance
6.1.2.1 Advancements in medical device industry
6.1.2.2 Shift toward minimally invasive procedures
6.1.3 Impact Analysis of Drivers on Market Forecast
6.1.5 Impact Analysis of Restraints on Market Forecast
Chapter 7. Policy and Regulatory Landscape
Chapter 8. U.S. Market Size and Forecast
8.2 Market Revenue, by Type (2015-2030)
8.2.1 Flexible Endoscope Market Revenue, by Type (2015-2030)
8.2.2 Rigid Endoscope Market Revenue, by Type (2015-2030)
8.3 Market Revenue, by Service Provider (2015-2030)
8.4 Market Revenue, by State (2015-2030)
9.2 Closest Segments and Market Revenue Derivation
9.3 Recent Strategic Developments of Key Players
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900