DUBLIN–(BUSINESS WIRE)–The “Global Disposable Endoscope Market: Analysis By Application (GI Endoscopy, Bronchoscopy, Urologic Endoscopy, Arthroscopy, ENT Endoscopy and Others), By End User (Hospitals, Diagnostic Centers and Others), By Region Size & Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
In 2022, the global disposable endoscope market was valued at US$1.58 billion, and is probable to reach US$4.11 billion by 2028.
The growing incidences of hospital-acquired infections (HAI) due to the usage of infected endoscopes is expected to be the key factor driving the global disposable endoscope market during the forecast period. Furthermore, increased investments, finances, and grants by governments and other organizations to enhance healthcare infrastructure and endoscopic research fields have generated attractive potential prospects for the market. The global disposable endoscope market value is projected to grow at a CAGR of 17.31%, during the forecast period of 2023-2028.
Market Segmentation Analysis:
By Application: The GI endoscopy segment acquired majority of share in the market in 2022, as the incidence of these disorders increases, the need for diagnostic procedures like endoscopy also rises. Whereas, urologic endoscopy segment has the fastest CAGR, due to increasing number of ureteroscopy procedures owing to high disease burden. Furthermore, availability of robust product portfolio of technologically advanced ureteroscopes has created a lucrative growth potential for disposable endoscope market.
By End User: The hospitals segment acquired majority of share in the market in 2022 due to factors such as rising awareness, higher cleaning costs, and increasing reprocessing failures are resulting in the adoption of disposable endoscopes in hospitals. Whereas, diagnostic centers segment has the fastest CAGR because of 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.
Regional Market Dynamics:
Region-wise, the report accentuates North America as the market frontrunner, with a particular focus on the United States’ robust industry presence and FDA approval activities. Asia Pacific is positioned as an emerging force, expected to witness a swift growth rate due to an increasing preference for disposable endoscopes and a vast patient demographic.
- Growth Drivers and Healthcare Spendings
- Chronic Diseases Incidence Rate
- Technological Innovations
Global Disposable Endoscope Market Dynamics:
Growth Drivers
- Rising Incidence of Acute Chronic Diseases
- Upsurge in Healthcare Expenditure
- Aging Population
- Rise In Hospital-acquired Infections (HAI)
- Increasing Adoption of Minimally Invasive Procedures
- Rising Preference of Single Use Endoscopes over Traditional Endoscopes
Challenges
- Shortage of Trained Doctors
- High Cost
Market Trends
- Technological Advancements
- Surging Investments by Governments and Other Organizations
- Sustainability
Key players of global disposable endoscope market are:
- Boston Scientific
- Ambu
- Baxter International
- Olympus Corporation
- Flexicare (Group) Limited
- Richard Wolf
- CooperSurgical
- Verathon
- Coloplast
- Parburch Medical Developments
- OTU Medical
The key players are constantly investing in strategic initiatives, such as new product launches, introducing their products to emerging markets and more, to maintain a competitive edge in this market. For instance, in September 2023, Ambu announced the launch of its new aScope 4 RhinoLaryngo Video System, a single-use flexible videoscope for the examination of the nose, throat, and larynx.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 142 |
| Forecast Period | 2022 – 2028 |
| Estimated Market Value (USD) in 2022 | $1.58 Billion |
| Forecasted Market Value (USD) by 2028 | $4.11 Billion |
| Compound Annual Growth Rate | 17.3% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Disposable Endoscope: An Overview
2.2 Disposable Endoscope Segmentation: An Overview
3. Global Market Analysis
3.1 Global Disposable Endoscope Market: An Analysis
3.2 Global Disposable Endoscope Market: Application Analysis
3.3 Global Disposable Endoscope Market: End User Analysis
4. Regional Market Analysis
5. Impact of COVID-19
6. Market Dynamics
7. Competitive Landscape
7.1 Global Disposable Endoscope Market Players: A Financial Comparison
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/sb7eq
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