May 22, 2024
Global Disposable Endoscope Market

Global Disposable Endoscope Market Estimated to Witness High Growth Owing to Increasing Demand for Infection Control and Preventive Measures

The global disposable endoscope market has been growing rapidly owing to the increasing demand for infection control and preventive measures in the healthcare industry. Disposable endoscopes offer single-use solutions and eliminate the risk of cross-contamination associated with reusable endoscopes. They provide high-quality imaging and maneuverability for common endoscopic procedures such as bronchoscopy, urology, ENT, and gastroenterology. Adoption of disposable endoscopes is helping healthcare facilities reduce procedure costs by alleviating the need for high maintenance and reprocessing of reusable variants.

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 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. They are focusing on new product launches and regional expansion strategies to gain a competitive edge in the market.

The increasing prevalence of hospital-acquired infections and stringent regulations regarding sterilization of medical devices present significant growth opportunities for players in the disposable endoscope market. Furthermore, rising medical tourism in developing countries is expected to drive the demand for affordable and low-maintenance endoscopy products.

Globally, North America dominates the disposable endoscope market owing to growing awareness regarding infection control and favorable reimbursement policies for endoscopic procedures in the region. However, Asia Pacific is expected to offer lucrative growth prospects over the forecast period with improving healthcare infrastructure and increasing healthcare spending in countries like China and India.

Market Drivers

The use of disposable endoscopes eliminates the need for expensive sterilization equipment and protocols required for cleaning and disinfecting reusable variants. This helps reduce overall operation costs substantially and is a key driver boosting adoption among healthcare providers. Furthermore, single-use endoscopes eliminate the risks of disease transmission via inadequate reprocessing of devices. This, along with favorable regulatory guidelines regarding medical waste management, is expected to continue fueling demand.

PEST Analysis

Political: The regulations regarding single-use medical devices and sterilization impact the disposable endoscope market. Stringent sterilization norms ensure the safety of patients undergoing endoscopy procedures.

Economic: Rising healthcare expenditure and increasing investment in medical infrastructure spur the demand for disposable endoscopes from hospitals and clinics worldwide. Growing number of diagnostic centers also contribute to market growth.

Social: Increasing prevalence of gastrointestinal disorders and rising geriatric population undergoing various endoscopy screenings drive the global market. Growing awareness about early disease diagnosis enhances the adoption of disposable endoscopes.

Technological: Advancements in miniaturization and digital imaging enable the development of compact disposable endoscopes with improved imaging capabilities. Integration of AI and visualization tech make procedures more efficient.

Geographical regions with high market concentration

North America holds the major share in terms value owing to the rising cases of ENT disorders, developing healthcare infrastructure and favourable reimbursement policies for endoscopic procedures. The growing awareness about minimally invasive diagnostic techniques also support market growth in this region.

Fastest growing region

Asia Pacific region is expected to witness the fastest growth during the forecast period due to large patient pool, increasing healthcare spending, growing medical tourism industry and expanding network of private hospitals and clinics in emerging countries like China and India.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it