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Single Use/Disposable Endoscopy Market Size to Reach USD 6.29 Billion in 2028 | Emergen Research

October 14th, 2021 Emergen Research Releases

Increasing incidence of gastrointestinal disorders, advancements in endoscopic procedures, and rising preference for single-use devices are some key factors expected to drive market growth

According to Emergen Research, the global single use/disposable endoscopy market size was USD 1.35 billion in 2020 and is expected to reach USD 6.29 billion in 2028 and register a revenue CAGR of 21.1% during the forecast period, 2021-2028.

Single Use/Disposable Endoscopy Market Dynamics:

Rising concerns regarding transmission of infection with reusable endoscopes, increasing need to reduce logistics and expenses associated with sterilization of reusable equipment, and lower acquisition costs are key factors expected to drive market revenue growth over the forecast period. Disposable devices ensure patient-centric care while reducing the probability of infection or cross-contamination. Disposable endoscopes have low cost of maintenance, cleaning, and storage and do not require extensive skills for their use and this has further boosted use of single-use/disposable endoscopes and is another key factor expected to contribute to revenue growth of the market going ahead.

Disposable endoscopes have proven to be a viable alternative to reusable devices with regards to reduction in repairing and maintenance costs, minimal need for sterilization, and proper disposable of waste. Disposable sterile endoscopes eliminate transmission of exogenous infections owing to their single-use, which in turn, drastically reduces patient-to-patient transmission. Single-use endoscopes also reduce the need or eliminate reprocessing altogether. Latest advances in disposable endoscope equipment have led to the development of endoscopes with miniature cameras integrated with state-of-the-art micro-endoscopic camera technology, high-quality imaging, waterproofness, wireless transmission, and robust single-use design. Increasing number of product approvals by the U.S. FDA to make single-use endoscope accessible to surgeons across the globe is further expected to contribute to revenue growth of the market going ahead.

Get Free Sample PDF Copy Of This Report At: https://www.emergenresearch.com/request-sample/713

Rising awareness regarding availability and benefits of single-use endoscopes, implementation of stringent regulations regarding patient safety, and growing need to minimize the rate of hospital-acquired infections has been further boosting demand for single-use endoscopes and other medical devices. In addition, rapid technological advancements, preference for less- and minimal invasive surgical procedures, and increasing investment in healthcare industry to accelerate development of advanced medical devices are some other key factors expected to contribute to revenue growth of the market over the forecast period. However, concerns regarding proper disposal and environmental impact of single-use endoscopes are expected to hamper market growth to a certain extent over the forecast period.

COVID-19 Impact Analysis

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants continue to cause concerns and impact normal routines

Endoscope Segment Accounted for Largest Revenue Share in 2020:

Endoscope segment accounted for largest revenue share in the global market in 2020 attributable to increasing adoption of advanced endoscopes due to rising need for high resolution and high definition images for diagnosis and treatment purposes. Rapid technological advancements and increasing number of product launches are expected to further contribute to revenue growth of endoscopes segment.

Bronchoscopy Segment to Register Rapid Revenue CAGR:

Bronchoscopy segment is expected to register rapid revenue CAGR over the forecast period owing to increasing number of bronchoscopy procedures performed across the globe due to rising incidences of respiratory infections and lung disorders, rising number of respiratory tract infections caused by reusable bronchoscopes, and technological advancements in bronchoscopy.

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Hospitals Segment to Dominate Other End-Use Segments:

Hospital segment is expected to account for a significantly large revenue share over the forecast period attributable to increasing number of endoscopy procedures performed and rising investment to develop advanced healthcare facilities.

North America to Account for Largest Revenue Share:

North America is expected to account for largest revenue share over the forecast period attributable to increasing prevalence of infectious diseases, rising demand for minimally invasive diagnostics procedures, growing need to reduce hospital-acquired infections, government regulations promoting the use of single-use devices, and presence of key players in the region.

Major Companies in the Market Include:

  • Boston Scientific Corporation, Inc.
  • KARL STORZ
  • Ambu A/S
  • Hill Rom Holdings
  • OBP Medical Corporation
  • Hoya Corporation
  • Richard Wolf GmbH
  • Cook Medical
  • Flexicare Medical Ltd.
  • Medtronic

For the purpose of this report, Emergen Research has segmented the global single use/disposable endoscopy market on the basis of product, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)

  • Endoscope
  • Visualization Systems
  • Endoscopic Ultrasound
  • Insufflator

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Bronchoscopy
  • Urologic Endoscopy
  • Arthroscopy
  • GI Endoscopy
  • ENT Endoscopy
  • Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospitals
  • Healthcare Centers
  • Clinics

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/single-use-disposable-endoscopy-market

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

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Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

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