The disposable endoscopes market accounted US$1.4 Bn in 2020 with a considerable CAGR of 18.7% during the forecast period of 2021 to 2028.
Disposable endoscope is done to perform endoscopies on a patient to get visual at different parts of body. They are thin, hollow, flexible tubes comprises of tiny video camera and light source attached that transmits images to a computer. The newest version of endoscopes is small enough to be swallowed and send images wirelessly to a computer.
Rising concerns over cross contamination fuel the growth of global disposable endoscope market
The limitation of reusable endoscopes is the risk of contamination. Even though the risk of reprocessing and disinfection does not affect quality and standard, it is debatable if the reusable instruments are 100% sterile. But the risk of cross infection can be excluded while using a single use endoscope that could influence the decision whether to prefer using a single use endoscope. Additionally, single use endoscopes offer mechanical advantages in comparison to reprocessing of endoscopes. The single use endoscope showed more bending flexibility and improved deflection at the distal end and additional an increased irrigation flow rate by almost 30-70% both depending on the device in the working channel. Also, the single use device is made as a low cost version; the production reproducibility is overall good by offering lucrative opportunities. This acts as a base that every time a new and sterile product has high reproducible and guaranteed quality. Such factors have positive influence for the growth of global disposable endoscope market.
|Market||Disposable Endoscopes Market|
|Analysis Period||2017 - 2028|
|Forecast Data||2021 - 2028|
|Segments Covered||By Application, By End-user, and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Hill Rom Holdings, Ambu A/S, Inc., OBP Medical Corporation, Boston Scientific Corporation, Flexicare Medical Ltd., KARL STORZ SE & Co. KG, AirStrip, The Cooper Companies, Inc., Timesco Healthcare Ltd, and among others|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||10 hrs of free customization and expert consultation|
Fast product approvals propel the growth of global disposable endoscope market
The US Food and Drug Administration (FDA) approved two new single-use disposable endoscopes in less than two months, and adviced healthcare providers and hospitals to be cautious about contamination issues and infection risks tied to reusable endoscopes. Moreover, the agency has also asked duodenoscope manufacturer such as Fujifilm, Olympus Medical Systems, Pentax Medical, and others to shift their focus from fixed endcap duodenoscope to single use endoscope. For instance, in May 2021, EndoFresh, announced receiving 510(k) from US FDA clearance for its disposable endoscopy system for gastrointestinal procedures.
With emergence of COVID-19, the infection spread exponentially throughout China and then worldwide including US. Gastrointestinal (GI) endoscopies are routinely performed in the US and worldwide. Contaminated flexible endoscopes have been reported as the vector for transmission of infections for many years. The exact number of infections is still unclear, and is likely to be underreported possibly owing to asymptomatic infections, incomplete surveillance, and prolonged latency. As COVID-19 is predominantly spread through respiratory droplets, the virus is also present in infected stools and body fluids. Therefore, demand for single use endoscope is on the rise. Multiple studies concerning the contamination of reusable endoscopes have been published, and pulmonary studies in particular continue to demonstrate higher than expected contamination rates. Additionally, numerous reviews comparing single-use and reusable endoscopes have been published disclosing the benefits of single-use endoscopy. Due to pandemic, several societies have reviewed their recommendations and guidelines, and many have published new guidance recommending single-use bronchoscopes.
Disposable endoscope market is segmented based on application and end-user. By application, the market is segregated as bronchoscopy, urologic endoscopy, arthroscopy, GI endoscopy, proctoscopy, and others. By end-user, the market is segregated as hospitals, diagnostic centers, and others
By application, bronchoscopy segment holds the dominant share for the segmental growth ultimately contributing for the overall growth of disposable endoscope market. Additionally, by end-user, hospital segment accounts for major share for the overall growth of global disposable endoscope market.
North America dominates the market for disposable endoscopes; Asia Pacific to register fastest growing CAGR during the analysis period of 2021 to 2028
North America holds the dominant share for the disposable endoscope market due to presence of developed infrastructure coupled with fast approval of products, high adoption of advanced technologies; rising awareness of endoscopic procedures acting as the key factors that contribute for the overall regional growth for disposable endoscope market. Additionally, rising endoscopic procedures will definitely contribute for the further growth of disposable endoscope. GI endoscopies make up to 68% of all endoscopies in the US every year. As colonoscopy is the most common endoscopic procedure performed in the US, demand for single use endoscopy is on the rise. Such factors have positive influence for the ultimate growth of regional market for disposable endoscope.
On the other hand, Asia Pacific is exhibited to record fastest growing CAGR for disposable endoscope market during the analysis period. Rising awareness related to minimal invasive surgeries, accelerating chronic cases, and increasing burden are the responsible factors for the ultimate growth of APAC regional market.
The prominent players of disposable endoscope market include Hill Rom Holdings, Ambu A/S, Inc., OBP Medical Corporation, Boston Scientific Corporation, Flexicare Medical Ltd., KARL STORZ SE & Co. KG, AirStrip, The Cooper Companies, Inc., Timesco Healthcare Ltd, and among others
Market By End-user
Market By Geography
The disposable endoscope market is 2020 is estimated to value US$1.4 Bn
The projected CAGR of disposable endoscope market is 18.7% during the forecast period of 2021 to 2028
North America dominated and Asia Pacific region exhibited the fastest growing CAGR