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on March 28, 2024
The global disposable endoscope market comprises disposable endoscopes that are used for diagnosis and treatment of various medical conditions. Disposable endoscopes offer advantages such as single-use capabilities that eliminate risks of cross-contamination, ease of use, and affordability. Growing prevalence of chronic diseases such as cancer and gastrointestinal disorders have increased the need for endoscopy procedures globally.
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. Ambu A/S dominates the market with wide product portfolio and global presence.
The rising disease burden of cancer, GI disorders, and lung infections has fueled the demand for endoscopy procedures globally. Disposable endoscopes are increasingly adopted due to benefits such as single-use and lower risks of infections.
Technological advancements have widened the applications of Global Disposable Endoscope Market Size. Key players are focusing on developing endoscopes with enhanced camera systems, improved ergonomics, and single-use capabilities. This is expected to boost the uptake of disposable endoscopes for various diagnostic and therapeutic applications.
Market Trends
Single-use endoscopes are the major trend gaining widespread adoption in the market. Strict regulations regarding reprocessing of reusable endoscopes and risks of disease transmission have accelerated the demand for single-use variants.
Miniaturization of endoscopes allows improved access to anatomical areas and enhanced diagnostic capabilities. Key players are developing miniaturized endoscopes to examine pediatric patients and perform advanced procedures such as trans-nasal endoscopy. This expands the potential patient pool for disposable endoscopes.
Market Opportunities
Emerging countries provide lucrative opportunities for disposable endoscope suppliers. Growth in healthcare infrastructures and rising medical tourism in Asia Pacific and Latin American countries will drive the demand.
Pediatric applications present a major opportunity owing to need for flexible, safe, and inexpensive endoscopes. Development of pediatric variants can unlock new growth avenues.
Impact of COVID-19 on Global Disposable Endoscope Market
The COVID-19 pandemic greatly impacted the global disposable endoscope market. During the initial phase of the pandemic, most elective procedures involving endoscopy were postponed, which significantly reduced the demand and utilization of disposable endoscopes. However, with the resumption of elective procedures, the demand is gradually increasing. There is also a growing preference among healthcare professionals and patients for single-use endoscopes to minimize infection risks. Stringent infection control guidelines and protocols issued by healthcare organizations during the pandemic further boosted the adoption of disposable endoscopes. The pandemic also highlighted the need to limit equipment sharing and reuse for infection control. This is expected to drive long-term demand and reliance on single-use endoscopes even after the pandemic ends. Additionally, manufacturers are investing in ramping up production capacities to fulfill the rising demand. However, supply chain disruptions due to lockdowns and global economic challenges posed certain short-term constraints on market growth during the peak of the pandemic.
Geographical Regions with High Concentration of Global Disposable Endoscope Market Value
North America accounted for the largest market share in terms of value before the pandemic. This is attributed to factors such as the rapid adoption of advanced medical technologies, presence of major market players, favorable reimbursement policies, and growing demand for minimally invasive surgeries. The region is expected to remain a major revenue generator even during the forecast period despite short-term impacts of the pandemic due to the strong trends towards healthcare access and digitalization.
Fastest Growing Region for Global Disposable Endoscope Market
Asia Pacific region is poised to witness the fastest growth in the global disposable endoscope market during the forecast period. This is primarily driven by growing medical tourism, increasing healthcare investments, rising medical infrastructure and facilities, and expanding patient pool due to the growing prevalence of chronic diseases. Additionally, presence of emerging economies such as India and China offering massive opportunities for market players also contributes to the high growth potential. Initiatives by governments to strengthen healthcare systems and policies are further expected to boost market expansion across the region.
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