Europe Endoscopy Guidewire Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Monofilament, Coiled, and Coated), Core Material (Stainless Steel and Nitinol), and Application (Diagnostics and Therapeutic)
Market Introduction
The endoscopy guidewire market in Europe includes France, Germany, Italy, Spain, the UK, and the Rest of Europe. The health system is comparatively expensive, with a per capita health expenditure being the second highest in Europe region in 2015, which was around 43% higher than the EU average. As per, OECD Health Statistics, Germany spends the highest share of its GDP on health in Europe, the country spends 11.2% of its GDP in health in 2015, whereas the EU average accounted for an average of around 9.9% during the same year. Health insurance is a major aspect in the German healthcare industry, with around 71.4 million Germans covered by statutory health insurance (Gesetzliche Krankenversicherung (GKV)) around 8.8 million Germans covered by private health insurance (Private Krankenversicherung (PKV)) and via state aid. Also, Germany has a very large hospital inpatient sector. As per German Federal Statistical Office, in 2016, there were around 1,951 total hospitals in Germany with 498,718 total number of hospital beds. Germany also has growing number of physicians and nurses. Growth in physician numbers has been particularly strong for hospital physicians. Since 2004, when diagnosis-related group-based hospital payment was introduced, the number of full-time equivalent physicians in hospitals increased by 30% (from 125 000 to 163 000 in 2015). This assures better availability of healthcare services across Germany. The increasing burden of common gastrointestinal (GI) conditions, such as diarrhea and colorectal cancer, has been observed commonly in Germany patients. Therefore, the landscape of GI illness is changing to morbidity and mortality from chronic illness. This rising chronic GI illnesses, such as non-infectious gastric ulcer disease, cancer, dyspepsia, and cirrhosis, creates a huge demand for endoscopic devices in Germany
The COVID–19 pandemic has shown a significant negative impact on the global as well as on European health economies. Health services in European region is highly prioritized to serve for patients affected by COVID-19. The routine health care services have remained suspended. Therefore, it has affected the market and its dependable revenue generation in the region. The endoscopy devices are negatively impacted by the COVID-19 pandemic. According to the UK’s National Endoscopy Database (NED), an average of 35,478 endoscopy procedures were performed per week (by 3007 endoscopists; which means 12 procedures per endoscopist) in the pre-COVID period. In the transition week, this fell by one-third to 23,827 endoscopy procedures. Moreover, in the COVID-impacted period, only 12% of the pre-COVID volume of procedures were conducted (average 4315 per week) and it was at its low point by the end of March 2020, fewer than 1800 procedures per week. This analysis demonstrated remarkable impact that the pandemic has had on endoscopic services. The major reason for decline in endoscopy procedures during the COVID-19 pandemic was decrease in patient volume in hospitals, owing to rescheduling and delaying of procedures for safety reasons. Moreover, these delays happened after careful review of patient history and if feasible, healthcare providers rescheduled endoscopic procedures to minimize risk of getting exposed to COVID-19 during hospital visits. All these factors are anticipated to impact the market as well in the future.
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Market Overview and Dynamics
The endoscopy guidewire market in Europe is expected to grow from US$ 377.04 million in 2021 to US$ 536.60 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028. Evolution of endoscopic robotic systems; Endoscopy technology is being used by the medical robotics for various procedures. It offers various benefits used by endoscopes that may reduce the trauma caused to the GI tract during the procedure. The use of robotics in surgical endoscopy offers an ergonomic mapping of the surgeon's movements to remotely controlled slave arms, helping in tissue manipulation. In gastroenterology, robotics is being used in flexible endoscopes to increase accuracy, safety, as well as improve therapeutic properties and capabilities. Robotic therapeutic endoscopes can perform various procedures from GI surface dissection to transendoluminal peritoneal surgery is possible and developments are in process. This pace of technological development is expected to be due to clinical needs. The rise in the incidence of GI cancer is anticipated to be a major factor accelerating the introduction of robotic systems in endoscopy. Also, other diseases and complications such as gastroesophageal reflux disease (GERD), ulcers in the upper GI, diverticulitis, hemorrhoids, irritable bowel syndrome (IBS), and Crohn's Disease in the lower GI are expected to account for increased demand for robotic systems. At present, robot-assisted endoscopic instruments lack the stability, strength, and precision to perform advanced maneuvers on a risk-free and reliable basis. These issues are the focus of many research groups and surgical technology companies. However, other hybrid technologies are being developed that combine a laparoscope's benefits and an endoscope. For example, the opening and closure of a gastrostomy can be done using laparoscopic instruments, and a cholecystectomy can be endoscopically performed through the gastrotomy, and tissues are removed through the mouth. This is bolstering the growth of the endoscopy guidewire market.
Key Market Segments
Based on type, the market is segmented into monofilament, coiled, coated. In 2020, the coated segment held the largest share Europe endoscopy guidewire market. Based on core material, the market is divided into stainless steel and nitinol. In 2020, the stainless steel segment held the largest share Europe endoscopy guidewire market. Based on application, the market is segmented into diagnostics and therapeutic. In 2020, the therapeutic segment held the largest share Europe endoscopy guidewire market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the endoscopy guidewire market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Boston Scientific Corporation; CONMED Corporation; Cook Medical LLC; HOBBS MEDICAL INC; Medtronic; Merit Medical Systems Inc; Olympus Corporation; STERIS plc.
Reasons to buy report
- To understand the Europe endoscopy guidewire market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe endoscopy guidewire market
- Efficiently plan M&A and partnership deals in Europe endoscopy guidewire market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe endoscopy guidewire market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
EUROPE ENDOSCOPY GUIDEWIRE MARKETSEGMENTATION
By Type
- Monofilament
- Coiled
- Coated
By Core Material
- Stainless Steel
- Nitinol
By Application
- Diagnostics
- Therapeutic
By Country
- Germany
- France
- United Kingdom
- Italy
- Spain
- Rest of Europe
Companies Mentioned
- Boston Scientific Corporation
- CONMED Corporation
- Cook Medical LLC
- HOBBS MEDICAL INC
- Medtronic
- Merit Medical Systems Inc
- Olympus Corporation
- STERIS plc.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Endoscopy Guidewire Market – By Type
1.3.2 Europe Endoscopy Guidewire Market – By Core Material
1.3.3 Europe Endoscopy Guidewire Market – By Application
1.3.4 Europe Endoscopy Guidewire Market – By Country
2. Europe Endoscopy Guidewire Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Endoscopy Guidewire– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe – PEST Analysis
4.3 Expert Opinions
5. Europe Endoscopy Guidewire Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Diseases Requiring Endoscopy
5.1.2 Favourable Government Initiatives
5.2 Market Restraints
5.2.1 Danger of Infections Caused Due to Endoscopy and High Cost of Endoscopy Procedures & Equipment
5.3 Market Opportunities
5.3.1 Growing Patient Preference for Minimally Invasive Procedures
5.4 Future Trends
5.4.1 Evolution of Endoscopic Robotic Systems
5.5 Impact analysis
6. Endoscopy Guidewire Market – Europe Analysis
6.1 Europe Endoscopy Guidewire Market Revenue Forecast and Analysis
7. Europe Endoscopy Guidewire Market Analysis – By Type
7.1 Overview
7.2 Europe Endoscopy Guidewire Market Revenue Share, by Type (2020 and 2028)
7.3 Monofilament
7.3.1 Overview
7.3.2 Monofilament: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Coiled
7.4.1 Overview
7.4.2 Coiled: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Coated
7.5.1 Overview
7.5.2 Coated: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
8. Europe Endoscopy Guidewire Market Analysis – By Core Material
8.1 Overview
8.2 Europe Endoscopy Guidewire Market Revenue Share, by Core Material (2020 and 2028)
8.3 Stainless Steel
8.3.1 Overview
8.3.2 Stainless Steel: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Nitinol
8.4.1 Overview
8.4.2 Nitinol: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
9. Europe Endoscopy Guidewire Market Analysis – By Application
9.1 Overview
9.2 Europe Endoscopy Guidewire Market Revenue Share, by Application (2020 and 2028)
9.3 Diagnostics
9.3.1 Overview
9.3.2 Diagnostics: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Therapeutic
9.4.1 Overview
9.4.2 Therapeutic: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
10. Europe Endoscopy Guidewire Market – Country Analysis
10.1 Europe: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.1 Overview
10.1.3 Europe Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Country (%)
10.1.4 Germany: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.1 Overview
10.1.4.2 Germany Endoscopy Guidewire Market, Revenue and Forecast to 2028 (US$ Million)
10.1.4.3 Germany Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Type (US$ Million)
10.1.4.4 Germany Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Core Material (US$ Million)
10.1.4.5 Germany Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Application (US$ Million)
10.1.5 UK: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1 Overview
10.1.5.2 UK: Endoscopy Guidewire Market, Revenue and Forecast to 2028 (US$ Million)
10.1.5.3 UK Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Type (US$ Million)
10.1.5.4 UK Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Core Material (US$ Million)
10.1.5.5 UK Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Application (US$ Million)
10.1.6 France: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.1 Overview
10.1.6.2 France Endoscopy Guidewire Market, Revenue and Forecast to 2028 (US$ Million)
10.1.6.3 France Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Type (US$ Million)
10.1.6.4 France Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Core Material (US$ Million)
10.1.6.5 France Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Application (US$ Million)
10.1.7 Spain: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (US$ Million)
10.1.7.1 Overview
10.1.7.2 Spain Endoscopy Guidewire Market, Revenue and Forecast to 2028 (US$ Million)
10.1.7.3 Spain Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Type (US$ Million)
10.1.7.4 Spain Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Core Material (US$ Million)
10.1.7.5 Spain Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Application (US$ Million)
10.1.8 Italy: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (US$ Million)
10.1.8.1 Overview
10.1.8.2 Italy Endoscopy Guidewire Market, Revenue and Forecast to 2028 (US$ Million)
10.1.8.3 Italy Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Type (US$ Million)
10.1.8.4 Italy Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Core Material (US$ Million)
10.1.8.5 Italy Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Application (US$ Million)
10.1.9 Rest of Europe: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (US$ Million)
10.1.9.1 Overview
10.1.9.2 Rest of Europe Endoscopy Guidewire Market, Revenue and Forecast to 2028 (US$ Million)
10.1.9.3 Rest of Europe Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Type (US$ Million)
10.1.9.4 Rest of Europe Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Core Material (US$ Million)
10.1.9.5 Rest of Europe Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Application (US$ Million)
11. Impact of COVID-19 Pandemic on Europe Endoscopy Guidewire Market
11.1 Europe: Impact Assessment Of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Olympus Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 STERIS plc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 CONMED Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Boston Scientific Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Merit Medical Systems Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Medtronic
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Cook Medical LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.9 HOBBS MEDICAL INC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of TermsLIST OF TABLES
Table 1. Europe Endoscopy Guidewire Market, Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Type (US$ Million)
Table 3. Germany Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Core Material (US$ Million)
Table 4. Germany Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Application (US$ Million)
Table 5. UK Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Type (US$ Million)
Table 6. UK Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Core Material (US$ Million)
Table 7. UK Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Application (US$ Million)
Table 8. France Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Type (US$ Million)
Table 9. France Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Core Material (US$ Million)
Table 10. France Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Application (US$ Million)
Table 11. Spain Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Type (US$ Million)
Table 12. Spain Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Core Material (US$ Million)
Table 13. Spain Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Application (US$ Million)
Table 14. Italy Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Type (US$ Million)
Table 15. Italy Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Core Material (US$ Million)
Table 16. Italy Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Application (US$ Million)
Table 17. Rest of Europe Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Type (US$ Million)
Table 18. Rest of Europe Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Core Material (US$ Million)
Table 19. Rest of Europe Endoscopy Guidewire Market, Revenue And Forecast To 2028, By Application (US$ Million)
Table 20. Organic Developments Done by Companies
Table 21. Inorganic Developments Done by Companies
Table 22. Glossary of Terms, Endoscopy Guidewire Market
LIST OF FIGURES
Figure 1. Europe Endoscopy Guidewire Market Segmentation
Figure 2. Europe Endoscopy Guidewire Market Segmentation, By Country
Figure 3. Europe Endoscopy Guidewire Market Overview
Figure 4. Coated Segment Held Largest Share of Europe Endoscopy Guidewire Market
Figure 5. United Kingdom to Show Significant Growth During Forecast Period
Figure 6. Europe PEST Analysis
Figure 7. Europe Endoscopy Guidewire Market Impact Analysis of Drivers and Restraints
Figure 8. Europe Endoscopy Guidewire Market – Revenue Forecast and Analysis – 2020- 2028 (US$ Million)
Figure 9. Europe Endoscopy Guidewire Market Revenue Share, by Type (2020 and 2028)
Figure 10. Monofilament: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 11. Coiled: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. Coated: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Endoscopy Guidewire Market Revenue Share, by Core Material (2020 and 2028)
Figure 14. Stainless Steel: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Nitinol: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Endoscopy Guidewire Market Revenue Share, by Application (2020 and 2028)
Figure 17. Diagnostics: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. Therapeutic: Europe Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Endoscopy Guidewire Market Revenue, By Country, 2020 (US$ Mn)
Figure 20. Europe Endoscopy Guidewire Market, Revenue and Forecast to 2028, By Country (%)
Figure 21. Germany Endoscopy Guidewire Market, Revenue And Forecast To 2028 (US$ Million)
Figure 22. UK Endoscopy Guidewire Market, Revenue And Forecast To 2028 (US$ Million)
Figure 23. France Endoscopy Guidewire Market, Revenue and Forecast To 2028 (US$ Million)
Figure 24. Spain Endoscopy Guidewire Market, Revenue and Forecast To 2028 (US$ Million)
Figure 25. Italy Endoscopy Guidewire Market, Revenue And Forecast To 2028 (US$ Million)
Figure 26. Rest of Europe Endoscopy Guidewire Market, Revenue And Forecast To 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in European Country Markets
- Boston Scientific Corporation
- CONMED Corporation
- Cook Medical LLC
- HOBBS MEDICAL INC
- Medtronic
- Merit Medical Systems Inc
- Olympus Corporation
- STERIS plc.
- To understand the Europe endoscopy guidewire market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe endoscopy guidewire market
- Efficiently plan M&A and partnership deals in Europe endoscopy guidewire market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe endoscopy guidewire market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.