Disposable Endoscopes Market

Global Disposable Endoscopes Market Size (2023 to 2028)

The global disposable endoscopes market is estimated to be growing at a CAGR of 18.68% from 2023 to 2028 and be worth USD 6.7 billion by 2028 from USD 2.84 billion in 2023.

Endoscopy is a non-surgical procedure in which a long, thin tube is inserted into a bodily entrance to inspect an inner organ or tissue in more detail. Disposable endoscopes provide disposable, flexible endoscopy solutions with better safety and productivity. Disposable endoscopes are a viable alternative to the time-consuming reprocessing operations required by traditional endoscopes. In addition, disposable endoscopes do away with the requirement for sterilizing or cleaning processes that come with traditional endoscopes. Due to the increased instances of endoscope-associated infections (EAIs) among patients, healthcare practitioners worldwide are promoting the use of disposable endoscopes over reusable endoscopes.

Impact of COVID-19 on the global disposable endoscopes market:

During the COVID-19 outbreak, there was a minimal influence on the disposable endoscopes market growth. However, the COVID-19 pandemic reduced the number of surgical procedures, which inhibited product uptake. Furthermore, during the COVID-19 pandemic, a shortage of medical personnel due to heightened infection risks connected with endoscope cleaning has boosted the use of disposable devices. As a result, the COVID-19 pandemic reduced overall surgical procedures, which has had a limited impact on the endoscope market's growth in 2020. On the other hand, disposable endoscopes can limit virus transmission to healthcare staff performing procedures, which is projected to enhance their popularity during the forecast period. As a result, during the pandemic, the market has grown. The emergence of the COVID-19 pandemic raised the demand for disposable endoscopes due to a greater focus on preventing viral transmission and disease spread, which has considerably contributed to market growth and is projected to continue during the forecast period.

MARKET DRIVERS:

The global disposable endoscopes market is primarily driven by the increase in global demand for endoscopic treatments, an increase in the number of FDA approvals, and favorable government laws governing disposable endoscopes.

Furthermore, the global disposable endoscopes market is further driven by a rise in public awareness about infection caused by contaminated reusable endoscopes, an increase in healthcare spending, and the prevalence of healthcare-associated acquired diseases. The market is also likely to be driven by the rise in the usage of disposable bronchoscopes in a variety of therapeutic operations, such as tumor debulking and foreign body removal, to treat diseases such as chronic obstructive pulmonary disease (COPD) and asthma. In addition, patient infections can occur exogenously, primarily due to contaminated equipment; however, disposable bronchoscopes lower the risk of infection for both the physician and the patient, resulting in increased demand. Furthermore, disposable endoscopes have cheaper acquisition costs, require less training and expertise, have reduced maintenance expenses, and do not require reprocessing. As a result, disposable endoscopes now have a wide range of diagnostic and therapeutic uses, including ENT, bronchoscopy, general surgery, cardiology, urology, and gastrointestinal, to name a few.

Additionally, rapid technical advancements, combined with an increase in leading manufacturers' investments in developing new, innovative products, are expected to propel the market forward. Cost-effectiveness, reduced risk of cross-contamination, and minimal resource use are projected to drive market expansion in the next few years. Increased attention to ensuring disposable medical devices are easy to dispose of and do not hurt others is likely to create new opportunities for leading market players and drive demand for disposable endoscopes even higher.

MARKET RESTRAINTS:

Disposable endoscopes produce medical waste, which is hazardous to the environment. As a result, trained healthcare employees have a lower preference for disposable endoscopes, stifling market growth. The global disposable endoscopes market is further hampered by the low adoption of disposable endoscopes in poorer countries. Growing worries about the long-term economic, environmental, and social ramifications of disposable endoscopes is a growth-limiting issue that may limit market growth to some extent in the future.

REPORT COVERAGE:

This report on the global disposable endoscopes market has been segmented and sub-segmented into the product, application, end-user, and region.

Global Disposable Endoscopes Market Analysis – By Product:

• Endoscope
• Visualization Systems
• Endoscopic Ultrasound
• Insufflator

The endoscope segment is expected to be the most popular throughout the forecast period. The dominance of the endoscope segment is compiled by high-resolution and high-definition images provided by mucosa treatment and endoscopes for diagnosis and examination of the gastrointestinal tract, gastrointestinal bleeding, and tissue sample collection from luminal organs. In addition, significant businesses are progressively developing innovative endoscopic methods such as duodenoscopes, choledochoscopes, capsule endoscopes, and echoendoscopes. This is projected to help the market's growth throughout the forecast period.

Global Disposable Endoscopes Market Analysis – By Application:

• Bronchoscopy
• Urologic endoscopy
• Arthroscopy
• GI endoscopy
• ENT endoscopy

Increased demand for disposable bronchoscopes due to the rising rate of infection caused by reusable bronchoscopes, technological advancements in disposable bronchoscopes such as integration of light source and image sensor, and cost-effectiveness of disposable bronchoscopes are expected to drive revenue growth in the Bronchoscopy segment over the forecast period. In addition, asthma, COPD, acute lower respiratory tract infections, lung cancer, and tuberculosis are the leading causes of severe acute illnesses and fatalities worldwide.

Global Disposable Endoscopes Market Analysis – By End-User:

• Hospitals
• Clinics
• Diagnostics Centers

Due to favorable reimbursement policies and high product preference in hospitals for patients having endoscopic treatments, the hospitals' end-user segment led the global disposable endoscopes market in 2021. Furthermore, the existence of a high number of hospitals performing endoscopic treatments in both developed and emerging countries are fueling segment expansion. In addition, growing awareness of the infection dangers associated with reusable endoscopic equipment is likely to increase hospital adoption of disposable endoscopic devices, adding to the segment's growth.

Global Disposable Endoscopes Market Analysis – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Geographically, North America dominated the global market in 2022. The high adoption of new technologies, the presence of developed infrastructure, and increased awareness of minimally invasive surgeries are all contributing factors. In addition, the regional market is likely driven by the rising prevalence of cancer, gastrointestinal disorders, and the growing elderly population.

Over the next few years, Asia Pacific is expected to develop at the fastest rate. The market in this region is expected to be driven by improving healthcare infrastructure and lax regulatory frameworks. In addition, the increased prevalence of chronic diseases and growing awareness of the benefits of minimally invasive surgeries are likely to boost product demand in the region. Countries with a significant population, such as China and India, have a large target patient pool, which is expected to drive regional market expansion.

KEY MARKET PARTICIPANTS:

Some of the key players operating in the global disposable endoscopes market include Prosurg Inc. (Neoscape, Inc.), AirStrip Technologies, Boston Scientific Corp., Parburch Medical, OBP Medical Corp., Welch Allyn (Hill-Rom Services Inc.), Allscripts Healthcare Solutions, Flexicare Medical Ltd., Timesco Healthcare Ltd., and Sunmed.

RECENT HAPPENINGS IN THIS MARKET:

• In 2021, The SIF-H190 single balloon enteroscopy solution from Olympus was designed to penetrate deep into the small intestine.
• With the Enseal X1 Curved Jaw Tissue Sealer launched in 2021, Ethicon expands its advanced bipolar energy portfolio.