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North America Cystoscopes Market Expected To Reach US$ 207.2 Mn By 2026

The purpose of the report is to illustrate the state of the market of North America Cystoscopes, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

North America cystoscopes market valued at US$ 135.1 Mn in 2017 and exhibited steady growth with a CAGR of over 4% during the forecast period. Minimal invasion & shorter procedural time, increased research activities facilitating product precision and technological development in healthcare sector complimented with high disposable income catalyze the overall market growth. Additionally, growing prevalence of bladder cancer and kidney stones in North America has increased the demand for enhanced diagnostic techniques with minimal invasion. The American Cancer Society estimates that 81,190 new cases of urinary bladder cancer to be diagnosed in 2018 making bladder cancer as the fourth common cancer in the country; while the Canadian Cancer Society recorded 8,900 Canadians diagnosed with bladder cancer in year 2017. As per an article by Justin B. Ziemba and Brian R. Matlaga published in 2017 (Epidemiology and economics of nephrolithiasis; Investig Clin Urol. 2017 Sep; 58(5): 299–306.), nephrolithiasis (kidney stones) was prevalent in 10.6% of men and 7.1% of women in the U.S.  Advent of new techniques such as Blue Light Cystoscopy (BLC) with Cysview has enhanced the diagnosis of bladder cancer thus increasing the demand for cystoscopes. Rising adoption of BLC technique by industrial players namely, Karl Storz GmbH & Co. KG and Olympus Corporation further contributes to the lucrativeness of this market.

Based on product types, video cystoscopes and non-video cystoscopes form the cystoscopes market, wherein video cystoscopes held largest market share in 2017. Lack of patient discomfort and enhanced diagnostic & imaging features will increase the demand for video cystoscopes during the during the forecast period from 2018 to 2026. However, the demand for non-video cystoscopes shall continue in the market, particularly in clinics and cost-sensitive end-users in the market. Of the end-users analyzed (hospitals, ambulatory care services and clinics), hospitals dominated the market in 2017 and expected to continue this trend throughout the forecast period from 2016 to 2026.

The countries analyzed in North America market are U.S. and Canada, of which U.S dominated the North America cystoscopes market while Canada exhibited fastest CAGR during the forecast period. The supremacy of U.S. is due to increased availability of cystoscopy techniques, skilled professionals, growing prevalence of bladder cancer and structured reimbursement policies.

Various market leaders contribute to the strong position of North America cystoscopes market growth. Some of such players include Cogentix Medical, Inc., Fujifilm Corporation, Karl Storz GmbH & Co. KG, Laborie Medical Technologies, Inc., Olympus Corporation, PENTAX Medical Company, Richard Wolf GmbH, and Stryker Corporation.

Key Market Movements:

  • North America cystoscopes market witnessed steady growth with a CAGR of over 4% during the forecast period from 2018 to 2026
  • Rising prevalence of bladder cancer & kidney stone coupled with growing awareness of cystoscopy ensures lucrativeness to this market
  • Hospitals dominated the market in 2017 owing to availability of skilled professionals and higher patient trust on hospital procedures
  • Growing demand for video cystoscopes owing to its cost efficiency and enhanced diagnostic benefits catalyzes the overall North America cystoscopes market

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global North America Cystoscopes buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of North America Cystoscopes contains:

Analysis and forecast of North America Cystoscopes market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the North America Cystoscopes market;

Assessment and forecast of North America Cystoscopes market development;

Financial and business profiles of the leading companies in the North America Cystoscopes industry.

Scope

– Up to date working North America Cystoscopes data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed North America Cystoscopes for the period 2018 to 2026

– Planned North America Cystoscopes additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new North America Cystoscopes projects by region, key countries, and companies

– Details of major planned North America Cystoscopes projects in the world up to 2026

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