According to Future Market Insights’ most recent analysis, the Global Disposable Endoscopes Market is expected to be worth around US$ 909.9 Mn in 2021. The market is expected to grow at a CAGR of nearly 17.6% from 2022 to 2032, reaching an estimated valuation of around US$ 5.3 billion in 2032.
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Endoscope-related infections are classified as either endogenous or exogenous. Microbes with the ability to form biofilms or adhere to medical devices have the potential to cause cross-contamination in healthcare settings. As a result, disposable endoscopes are a better option because they allow healthcare facilities to skip the reprocessing steps while also lowering the risk of infection. According to the Centers for Disease Control and Prevention, there was a 24% increase in central line-associated bloodstream infection (CLABSI) in the United States between 2019 and 2020, with the ICU experiencing the greatest increase (50%). (CDC).
Growing investments in R&D activities and healthcare settings to develop novel products, with a focus on low-cost product offerings and lower infection exposure, are also expected to drive the disposable endoscopes market during the forecast period. To attract more customers, emerging startups are focusing on improving endoscope features.
The use of ultra-thin polymer fibre allows access to previously inaccessible anatomical sites. Increased preference among physicians and patients for cancer and tumour detection, as well as reduced infection risk due to the safety and efficacy of endoscopic procedures, would favour growth in the disposable endoscopes market.
In August 2021, for instance, a customized peregrine endoscope from 3NT was launched to provide clinicians with a close-up view of the difficult-to-reach regions with sinuses to aid in the diagnosis and treatment of conditions, including polyps and cancer.
Key Takeaways: Disposable Endoscopes Market
- Disposable bronchoscopes are the most popular product type, accounting for approximately 30.1% of the global market in 2021.
- Hospitals dominate the global disposable endoscopes market by end user and are expected to grow at a CAGR of 17.5% during the forecast period.
- China is a leading manufacturer of disposable endoscopes, with a market share of approximately 6.7% in 2021.
- In 2021, Germany held a 7.5% share of the European disposable endoscopes market.
- North America is regarded as the leading region, with a 36.8% share in 2021.
“Growing emphasis on technological advancement and development of cost-effective disposable medical equipment are set to propel sales of disposable endoscopes across the globe,” says an analyst of Future Market Insights.
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Competitive Landscape: Disposable Endoscopes Market
The market for disposable endoscopes is highly fragmented with the presence of several local, emerging, as well as established players. Key players are focusing on new product launches with additional features, obtaining regulatory approvals, and increasing their manufacturing capabilities to compete with their rivals.
For instance,
- In April 2022, Ambu launched a single-use endoscope and accompanying mA scope, known as Ascope 4 Rhinolaryngo Slim and Aview 2 Advance HD monitor, which would enable fiberoptic endoscopic evaluation of swallowing.
- In May 2021, Boston Scientific Corporation attained CE approval for its EXALT Model B. It is a single-use bronchoscope, a device made for bedside operations in the ICU and operating room.
Key Players:
- Ambu A/S
- Olympus America
- Boston Scientific Corporation
- Fujifilm Holdings Corporation
- NeoScope Inc.
- Coloplast Corp
- Endotherapeutics Pty Ltd
- Laborie
- Shenzhen Tianlang Medical
- Intersurgical
- Teleflex Incorporated.
- Bell Medical Inc.
- Others
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Get More Valuable Insights on Disposable Endoscopes Market
Future Market Insights offers a unique perspective and actionable insights on the disposable endoscopes market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global disposable endoscopes market is segmented in detail to cover every aspect of the market and presents a complete market intelligence approach to the reader.
The research study is based on products (disposable bronchoscopes, disposable cystoscopes, disposable duodenoscopes, disposable esophagoscopes, disposable hysteroscopes, disposable laryngoscopes, disposable proctoscopes, and disposable ureteroscopes), and end user (hospitals, ambulatory surgical center, and diagnostic center), across seven key regions of the world.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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