Disposable Endoscopes are medical devices that are used to examine the interior parts of a body orally or through small incisions. They find wide applications in gastrointestinal procedures, bronchoscopy, laparoscopy, arthroscopy, etc. Disposable endoscopes offer advantages like single-use, easy to dispose of, and lower risk of infections. With the rising cases of Hospital Acquired Infections (HAIs) and growing preference for affordable medical treatments, the demand for disposable endoscopes is increasing.
The Global Disposable Endoscope Market is estimated to be valued at US$ 938.1 MN in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Disposable Endoscope Market are Ambu A/S, Prosurg Inc., CooperSurgical, Inc., EndoVentions Medical, Inc., Boston Scientific Corporation, Parburch Medical, OBP Medical Corporation, Welch Allyn, Flexicare Medical Limited, UVision360, Jiyuan Medical, and NeoScope, Inc. These players are focusing on new product launches and geographical expansion to strengthen their market presence.
Some of the key opportunities in the market include increasing geriatric population susceptible to various gastrointestinal disorders, rise in minimally invasive surgeries, and growing awareness about hospital-acquired infections. The market players are also exploring opportunities in emerging economies in Asia Pacific and Latin America owing to their large patient pools and improving healthcare infrastructure.
The increased adoption of Global Disposable Endoscopes Market Size can be attributed to the growing demand for affordable medical procedures. They help reduce the risk of cross-contamination as each endoscope is meant for single-use. This is expected to drive the market during the forecast period.
However, lack of adequate reimbursement policies for endoscopy procedures and difficulties in navigating complex internal anatomies with disposable variants remain key challenges for the market. The availability of reprocessed endoscopes at lower costs also poses a threat to market growth.
Market drivers: Increasing incidence of chronic diseases like cancer requiring endoscopy procedures, advantages like ease of use and lower cost of disposables.
Market restraints: Availability of reprocessed endoscopes at lower costs, difficulties in navigating complex anatomies, lack of adequate reimbursement in developing economies.
Segment Analysis
The global disposable endoscope market can be segmented on the basis of product type, application, and end-user. Based on product type, the videoscopes segment is expected to dominate the market throughout the forecast period. Videoscopes offer high-quality visualization of medical procedures and help increase safety and efficiency. Their preference over fiberoptic endoscopes is increasing due to advantages such as miniaturization, image enhancement, and easy accessibility.
Based on application, the bronchoscopy segment holds the largest share of the market currently. Disposable bronchoscopes are majorly used for evaluating and diagnosing various lung diseases. The increasing prevalence of lung cancer and respiratory diseases is driving the demand for bronchoscopy procedures and hence for disposable endoscopes.
Regional Analysis
North America dominates the global disposable endoscope market currently due to established healthcare infrastructure, high awareness among healthcare providers and patients, and presence of key players in the region. The presence of advanced technologies, high adoption of minimally invasive techniques, and favorable reimbursement policies is also fueling the market growth. Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to rising healthcare expenditure, increasing awareness, and proliferating medical tourism industry in countries like China, India, and Singapore.
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