Disposable Endoscopes Market Size to Reach USD 10.4 Billion by 2030

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The global disposable endoscopes market is expected to reach valuation USD 10.4 billion by 2030 from valued USD 1.98 billion in 2021, poised to grow at a CAGR of 20.3% from 2022 to 2030.

Growth Factors

Disposable endoscopes are one-step endoscopic solutions that allow for the administration of endoscopy procedures. They are pre-screened and non-reusable, resulting in patient-ready single-use endoscopes. If the endoscope is infected or has an obstacle, the patient may receive a contaminated device during the treatment. Disposable endoscopes also improve endoscopic procedure outcomes. The disposable endoscopes are a cutting-edge solution that combines high endoscope usability and practicality with full technological capabilities for endoscopic procedures. To assure quality and safety in endoscopic use, disposable endoscopes follow the standard process management protocol. Current measurers enable high-quality care while reducing the risk of device-related infections.

A surge in nosocomial infections due to the use of infected or tainted endoscopes, as well as recent technological advancements in the endoscope industry, is driving global demand for disposable endoscopes. The growth of the disposable endoscopes market is influenced by a variety of variables. Increased global demand for cost-effective endoscopic operations, increased FDA approvals, and improved national legislation on disposable endoscopes are among them. Furthermore, a rise in people's understanding of infection caused by infected reusable endoscopes, as well as an increase in health-care spending and the frequency of acquired healthcare-associated diseases, are driving global demand for disposable endoscopes.

The disposable endoscopes also provide significant technical support during procedures, with a high bending angle and precession tip that make navigation easier. As a result, it is expected that the use of disposable endoscopes would expand, hence assisting the growth of the disposable endoscopes market. Disposable endoscopes have the advantage of allowing for a high level of patient safety and consistency by giving care providers a precautionary edge. In cases requiring extreme precision, such as self-illumination and high-resolution pictures. The high demand for the tracking system among healthcare practitioners is expected to open up new market opportunities.

 

Report Highlights:

• Based on the application, the bronchoscopy segment dominated the global disposable endoscopes market in 2021 with highest market share 30%. Increased demand for disposable bronchoscopy in healthcare as well as the surge in the number of cases of respiratory disorders caused by reusable endoscopes is driving sales of disposable endoscopes.
• Based on the end use, the hospitals segment dominated the global disposable endoscopes market in 2021 with highest market share 48%. This is attributed to the increasing number of hospitals performing endoscopic treatments.
• North America region is the largest segment for disposable endoscopes market in terms of region and garnered revenue share 42%. The factors such as a rise in the incidence of infections and diseases, and the complexity associated with reusable endoscopes are increasing demand for disposable endoscopes.
• Asia-Pacific is the fastest growing region in the disposable endoscopes market. The strict government laws relating to patient hygiene and safety are causing key firms to invest more in developing and offering more technologically developed systems and medical devices in the health care industry.

Future of Disposable Endoscopes Market

The simple economics might also be responsible for the disposable endoscopes market’s quick expansion. Due to the cost of acquiring disposable endoscopes is typically an order of magnitude or more than that of disposable endoscopes, the expansion of the global disposable endoscopes market is projected to be driven by both well-funded healthcare systems and increasingly budget conscious medical institutions around the world. This will create future prospects for the growth of the disposable endoscopes market in upcoming years.

COVID-19 Impact Analysis:

• The COVD-19 outbreak is expected to have a minor influence on the disposable endoscopes market. The expansion of the disposable endoscopes market is projected to be slowed by research and development operations to determine the threat of the pandemic on patients.
• Treatment procedures have been delayed as a result of social distancing and lockdowns. Furthermore, visa cancellations have caused a halt in medical tourism, which may have a detrimental impact on the growth of the healthcare sector. 

Key Developments in the Marketplace:

• Boston Scientific opened a new plant in Galway in June 2019. The new facility will be structure with a world class equipment technology center.
• SunMed partnered with the Global Pediatric Surgical Technology and Education Project in June 2020. This alliance aimed to provide low-cost surgical equipment to pediatric physicians all across the world.
• Ambu A/S and Cook Medical signed a collaboration agreement in May 2020. Following FDA approval, Cook would distribute Ambu’s single use and disposable endoscopes in the U.S. as part of this cooperation.
• Boston Scientific completed the acquisition of EMcision, a medical device firm, in March 2018. The purchase broadened the company’s medical device portfolio in the area of minimally invasive endoscopic procedures.

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