The global disposable endoscopes market is poised for remarkable growth, with a projected valuation of USD 1.3 billion by the end of 2023. The market is expected to expand significantly, achieving an estimated value of USD 6.8 billion by 2033, driven by a compound annual growth rate (CAGR) of 17.7% over the forecast period from 2023 to 2033.
Disposable endoscopes are emerging as a vital solution to the growing challenge of infections acquired during surgical procedures worldwide. Their increasing adoption is attributed to their effectiveness in minimizing cross-contamination and enhancing patient safety.
The market is also being propelled by the availability and integration of various types of disposable endoscopes, including bronchoscopes, cystoscopes, esophagoscopes, hysteroscopes, laryngoscopes, and proctoscopes. These devices offer a wide range of applications in medical diagnostics and procedures, further driving demand.
As healthcare systems continue to prioritize infection control and technological advancements, the disposable endoscopes market is set to experience substantial growth, enhancing safety and efficiency in medical procedures globally.
Growing investments in research and development activities & healthcare settings to develop novel products with an emphasis on low-cost product offerings and lesser infection exposure, are also expected to propel the disposable endoscopes market during the forecast period. Emerging startups are focusing on improving features of endoscopes to attract more customers.
The use of ultra-thin polymer fiber allows reaching anatomical sites that were formerly unreachable. Increasing preference among physicians and patients for the detection of cancer & tumors and reducing the risk of infection due to the safety and efficacy of endoscopic procedures would also favor 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 leading product type and held approximately 30.1% of the global market share in 2021.
- By end user, hospitals are dominating the global disposable endoscopes market and are expected to exhibit a CAGR of 17.5% during the forecast period.
- China is one of the leading manufacturers of disposable endoscopes and it held a market share of around 6.7% in 2021.
- Germany exhibited a share of around 7.5% in the Europe disposable endoscopes market in 2021.
- North America is considered to be the leading region and held a share of 36.8% 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.
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.
- PENTAX Medical
- CooperSurgical Inc.
- Meditrina, Inc.
- UroViu Corporation
- Adler MicroMed, Inc.
- Advin Health Care
- KARL STORZ SEACON
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Disposable Endoscopes Market Segmentation
By Product:
- Bronchoscopes
- Cystoscopes
- Duodenoscopes
- Esophagoscopes
- Hysteroscopes
- Laryngoscopes
- Proctoscopes
- Ureteroscopes
By End User:
- Hospitals
- Ambulatory Surgical Center
- Diagnostic Center
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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