Endoscopy is a procedure that allows a doctor to clearly view the insides of a person's body. Doctors use it to diagnose diseases in various parts of the body such as oesophagus, stomach, colon, ears, nose and throat, etc. Endoscope is associated with the key procedures such as bronchoscopy, laparoscopy, gastroscopy, neuro-endoscopy, etc.
According to MarkNtel Advisors’ research report “The US Endoscope Tracking Market Analysis, 2020”, the US Endoscope Tracking market is expected to grow at a substantial CAGR during 2021-26. The major growth factor for the endoscope tracking is the prevalence of the stomach and pancreas-related diseases. Also stomach ulcer, tumors, and infections are scaling up the usage of endoscopy procedures in the country, which is thereby, leading to the growth of endoscopy tracking market in the US. Endoscopy tracking process requires complex tracking and documentation.
“The US Endoscope Tracking Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for the US Endoscope Tracking providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Software Segment Held the Highest CAGR in the Coming Years
The software segment acquired the highest market share in 2020 owing to the rising adoption of software for decision-making in order to support the effective process of the hospital departments. The software is fully-integrated to function with modular products. Companies like Cantel in the US offer CANEXIS™ Integrated Workflow Solution software for endoscope tracking. The software segment is anticipated to outgrow other segment in future as stated in the MarkNtel Advisors’ research report “The US Endoscope Tracking Market Analysis, 2020”.
Hospital Segment Led the End-User Segment
The hospitals segment is projected to account for the largest market share of the country in 2020. The growth is attributed to the growing government and private funding, growth in the healthcare sector, and per capita spending of millennials on healthcare expenditure in the country.
According to MarkNtel Advisors, the key players with a considerable market share in the US Endoscope Tracking market include Cantel, Olympus, Mobile Aspects, Steris, MicroMed, LogiQuip, Sympliant, Summit Imaging, Praire Dog, Steelco, Getinge AB, etc.
Key questions answered in the study: