Disposable Endoscopes Market

Disposable Endoscopes Market Research, 2031

The global disposable endoscopes market was valued at $1.2 billion in 2021, and is projected to reach $5.4 billion by 2031, growing at a CAGR of 16.4% from 2022 to 2031. A minimally invasive medical technique called an endoscopy is used to diagnose, prevent, and treat issues in visceral organs. Disposable endoscopes are either put into the body by incisions, particularly in the case of arthroscopy, or through natural openings or cavities (such as the anus and mouth). In order to aid doctors or other healthcare professionals (endoscopists) in analyzing internal organs of interest, disposable endoscopes are equipped with a number of additional components, such as a camera or light source at the tip.

The COVID-19 outbreak is anticipated to have a negative impact on the disposable endoscopes market as huge number of medical colleges and hospitals across the globe were reconstructed to increase hospital capacity for patients diagnosed with COVID-19. The use of disposable endoscope in discovery, development and clinical trials of medicine against diseases is slowing down during pandemic but did not stop. Endoscope assisted surgeries were postponed and home care setting care was preferred. Nonessential surgical procedures took a potential backlog, owing to rapidly rising COVID-19 cases; only elective emergency surgeries were performed.

The increase in cancer patients, incidence of peptic ulcers, tumours, gastrointestinal, urological, gynaecological, and respiratory illnesses, which call for endoscopic procedures for diagnosis & treatment, are the main factors driving the disposable endoscopes market growth. Due to the increased use of disposable endoscopes and visualisation systems in healthcare settings as well as technological developments, the disposable endoscopes market is expanding significantly on a global scale.
Endoscopes also contribute to the spread of bacteria and have a problem with improper cleaning, disinfection, and drying techniques. As a result, minimally invasive operations and the usage of disposable endoscopes has increased globally. Thus, these reasons encourages the disposable endoscopes industry to flourish. Additionally, a surge in clinical research studies utilising disposable endoscopes, a boost in R&D spending, and a notable increase in capital income in developed nations all contribute to the market's increased demand for disposable endoscopes. Additionally, the market for disposable endoscopes is growing as patients preferences for minimally invasive procedures and favourable FDA approvals and reimbursement policies in developed economies rise thus, creating disposable endoscopes market opportunity.

Market Segmentation

The disposable endoscopes market is segmented on the basis of application, end user, and region. On the basis of application, the market is classified into bronchoscopy, urologic endoscopy, ENT endoscopy, arthroscopy, and others.
Depending on end user, it is fragmented into are hospitals, diagnostic centers, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA

Segment Review

On the basis of application, the others segment generated maximum revenue in disposable endoscopes market size in 2021, owing to rise in number of gastrointestinal diseases, neurological diseases, and high adoption of duodenoscopes for diagnosis of diseases. The ENT endoscopy segment is expected to witness highest CAGR during the forecast period, owing to rise in prevalence of hearing & nasal disorders, lesser post-operative complications and rise in key strategy regarding ENT endoscopy devices. 

On the basis of end user, the others (specialty clinics, ASCs) segment was the highest revenue contributor to the disposable endoscopes market size market in 2021, owing to increase in use of specialty clinics, trend of ASCs, and awareness regarding benefits of ambulatory surgical centers. The diagnostic centers segment is expected to witness highest CAGR during the forecast period, owing to increase in incidence of cancers, and rise in awareness regarding diagnosis of diseases at early stage. Rise in healthcare expenditure also boost the growth of diagnostic centers segment in disposable endoscopes market share.

Depending on region, North America generated maximum revenue in disposable endoscopes market share in 2021, owing to strong presence of key players and availability of approved disposable endoscopes with higher adoption of disposable endoscopes. Asia-Pacific is expected to witness highest CAGR during the forecast period, owing to surge in geriatric populations that are more prone to diseases, and rise in awareness regarding disposable endoscopes assisted minimal invasive surgeries.

Major players profiled in the disposable endoscopes industry report are Ambu AS, Boston Scientific Corporation, Cooper Surgical, Inc., Flexicare medical Limited, Hill Rom Holdings, Hoya Corporation, Karl Storz, Neoscope, Inc., Olympus, and Otu Medical Inc.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the disposable endoscopes market analysis from 2021 to 2031 to identify the prevailing disposable endoscopes market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the disposable endoscopes market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global disposable endoscopes market trends, key players, market segments, application areas, and market growth strategies.

 Disposable Endoscopes Market Report Highlights