Global Disposable Endoscope Market to Grow with Demand for Cost-Effective, Non-Invasive Procedures

 

Global Disposable Endoscope Market
Global Disposable Endoscope Market

Disposable endoscopes are medical devices used to examine the interior parts of a body without making incisions. They offer cost-effective and single-use visualization for various diagnostic and operative procedures. Disposable endoscopes help prevent the risk of cross-contamination since each unit is meant for single-use on one patient only. They provide clear images of internal organs like esophagus, stomach, colon, lungs, urinary tract and others during procedures like endoscopic retrograde cholangiopancreatography and bronchoscopy. The rising preference for minimally invasive surgeries along with growing geriatric population susceptible to various diseases is driving the demand for disposable endoscopes.

The Global Disposable Endoscope Market is estimated to be valued at US$ 3,146.5 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 partnerships to strengthen their market presence. For instance, in 2022, Ambu launched single-use flexible video bronchoscope to provide safe and sterile endoscopy solutions.

There is high potential for growth in the emerging Global Disposable Endoscope Market Trends due to increasing healthcare infrastructure and surging medical tourism Industry. Disposable endoscopes offer significant cost savings compared to reusable variants. This presents lucrative opportunities for players to penetrate price-sensitive emerging countries.

The major players are actively pursuing overseas expansion strategies to further tap international markets. For example, Prosurg partnered with Kaneka Medix Corp to commercialize its disposable bronchoscope in Japan and other Asian countries. This will help meet the rising demand from global hospitals, diagnostic centers and surgery clinics.

Market Drivers:

Growing prevalence of gastrointestinal, urologic, arthroscopic and pulmonary diseases worldwide is a key factor driving the demand for endoscopy procedures. This significantly contributes to the growth of disposable endoscopes which remove the risk of infection between patients. Another major driver is the rising preference of clinicians towards disposable variants owing to their safety, affordability and easy operability compared to conventional reusable endoscopes.

Market Restrain:

One of the major challenges faced by players is the preference of healthcare facilities for capital-intensive reusable endoscopes over disposable ones due to associated high costs. This restraints the potential volume sales in hospitals. Stringent regulatory approval processes also delays new product launches. Nonetheless, increasing awareness about infections and focus on affordable treatment options is expected to overcome these restrain over the forecast period.

Segment Analysis

Disposable endoscope market is segmented based on type, application, and geography. The type segment is further divided into laparoscope, arthroscope, cystoscope, gyroscope, and ureteroscope. Among these, laparoscope segment holds the largest market share owing to its extensive use in minimally invasive surgeries worldwide. Applications of disposable endoscope include arthroscopy, bronchoscopy, urology endoscopy, and others. Bronchoscopy segment dominates the market due to increasing incidence of lung cancer and rising demand for minimally invasive surgeries.

Global Analysis

Region-wise, North America accounts for the largest share in the disposable endoscope market and is expected to continue its dominance during the forecast period. Factors such as advanced healthcare facilities, availability of skilled professionals, and increasing preference for minimally invasive surgeries fuel the market growth in this region. Asia Pacific exhibits the fastest growth rate attributable to growing population, improving healthcare infrastructure, and increasing healthcare expenditure in emerging countries like India and China.

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About Author

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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