Global Disposable Endoscope Market is Anticipated to Witness High Growth Owing to Increased Demand for Single-Use Endoscopes

 
Global Disposable Endoscope Market
Global Disposable Endoscope Market

Disposable endoscopes are flexible, lighted tubes that are used to examine and provide visualizations of internal organs and cavities of the human body. Disposable endoscopes offer convenience of single-use, eliminating the need for complex and costly cleaning, disinfection and sterilization procedures. The growing prevalence of hospital-acquired infections and the stringent regulations regarding reprocessing of reusable endoscopes are driving the demand for single-use endoscopes.

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 Demand  includes 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 holds a major market share in the market and offers a wide variety of single-use flexible and rigid endoscopes.

The demand for disposable endoscopes is growing owing to the increasing prevalence of hospital-acquired infections due to inefficient cleaning of reusable endoscopes. Disposables also eliminate the costs associated with sterilization and repair of reusable endoscopes. Stringent regulations regarding reprocessing of reusable endoscopes provide opportunities for adoption of single-use endoscopes.

Major players are focusing on geographic expansion strategies to gain higher market shares. Companies are targeting developing markets in Asia Pacific and Latin America owing to increasing healthcare infrastructure and healthcare expenditure. Ambu A/S recently expanded its global footprint by establishing manufacturing facilities China and India to cater to the demand from Asia Pacific and other emerging markets.

Market drivers and restrain

The primary driver fueling the Global Disposable Endoscope Market growth is the increasing prevalence of hospital-acquired infections due to ineffective cleaning of reusable endoscopes. Hospital-acquired infections lead to extended hospital stays and additional treatment costs putting an economic burden on patients. Disposable endoscopes eliminate the risks of disease transmission. Stringent regulations mandating validation of cleaning protocols is also driving the demand for single-use endoscopes.

High costs of disposable endoscopes compared to reusable endoscopes may restrain the market growth. However, total cost of ownership is lower for disposables as they eliminate cleaning and sterilization costs. Lack of adequate reimbursement policies for single-use devices in some developing nations is another challenge. However, growing awareness and demand for patient safety is expected to boost the adoption of cost-effective disposable endoscopes.

Segment Analysis

The global disposable endoscope market can be segmented based on product type, application, and end user. Based on product type, the flexible endoscopes segment currently dominates the market. Flexible endoscopes are cost-effective compared to rigid endoscopes and offer high patient comfort. They help in minimally invasive surgeries and diagnosis of the GI tract. The growing geriatric population suffering from various GI issues is a key factor leading to the segment's high market share.

Based on application, gastrointestinal (GI) endoscopy accounts for the largest share. GI endoscopy procedures using disposable endoscopes help diagnose conditions such as colon polyps, ulcers, tumors, and inflammatory bowel disease. The increasing prevalence of GI disorders worldwide is the chief driver of this segment's large size.

Regional Analysis

North America holds the highest share of the global disposable endoscope market currently. This can be attributed to factors such as the rising geriatric population, advanced healthcare infrastructure, and favorable reimbursement policies in the region. Another major reason is the presence of key players in countries like the US. The Asia Pacific region is poised to show rapid growth during the forecast period. This is due to improving access to healthcare and the large patient pool suffering from GI disorders in developing countries like India and China. Additionally, growing medical tourism in Asia Pacific will further propel the regional market.

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