Disposable Endoscopes Market By Application (Bronchoscopy, Urologic Endoscopy, ENT Endoscopy, Arthroscopy, Others), By End User (Hospitals, Diagnostic Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The disposable endoscopes market was valued at $1,165.7 million in 2021, and is estimated to reach $5,394.5 million by 2031, growing at a CAGR of 16.4% from 2022 to 2031.
Endoscopy is a minimally invasive medical procedure used for diagnosis, prevention, and treatment of complications in visceral organs. Disposable endoscopes are either inserted into the body through natural openings or cavities (such as anus and mouth) or through incisions, especially in case of arthroscopy. Disposable endoscopes are equipped with several other parts such as camera or light source at the tip to help physicians or medical professionals (endoscopists) to analyze internal organs of interest.
Endoscopes are the contaminated medical devices frequently associated with outbreaks of health care-associated infections. Flexible endoscopes may become heavily contaminated with blood, secretions, and microorganisms during use. Endoscopes are difficult to clean and disinfect and thus, increase the possibility of transmission of infection from one patient to another. Hence, such factors increase the demand for single use or disposable endoscopes.
Endoscopy is used to evaluate various conditions such as stomach pain, ulcers, gastritis, digestive tract bleeding, cancerous growth in colon, and changes in bowel habits. Moreover, endoscopy is categorized on the basis of area of body that is investigated such as knee & joints (arthroscopy), lungs (bronchoscopy), colon (colonoscopy), abdominal & pelvic areas (laparoscopy), and others. Increase in incidences of targeted diseases such as colon cancer and gastrointestinal disorders, propels the demand for endoscopic devices.
Major factors driving growth of the disposable endoscopes market include rise in technological advancements and increase in prevalence rate of chronic diseases such as cancer.
For instance, according to Center for Cancer Control and Information Services, a part of National Cancer Center, Japan, approximately 1,012,000 cases of cancer were noticed in 2020. In which, prostate was the most common cancer site(16%)for males, followed by stomach(16%), Colon/rectum(15%), lung(15%), and liver(5%). Furthermore, most common cancer site for females was breast(21%), followed by colon/rectum(16%), lung 10%), stomach(10%), and uterus (7%). Each year, approximately 4,00,000 children develop cancer. Overall, cancer incidence rates or rates of new cancers continue to rise slightly in women and children.
However, unfavorable reimbursements as well as complications such as dearth of trained physicians & endoscopists, side effects of endoscopy, and high costs associated with endoscopy devices are expected to hamper the market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create immense opportunities for disposable endoscopes manufacturers worldwide in the future.
Furthermore, healthcare business is projected to witness growth, owing to rise in prevalence of chronic gastric diseases, neurovascular diseases and cancer, increase in R&D investments in drug discovery & development, and rise in awareness regarding minimal invasive procedure. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The disposable endoscopes market is segmented on the basis of application, end user, and region. On the basis of application, the market is classified into bronchoscopy, urologic endoscopy, ENT endoscopy, arthroscopy, and others.
Depending on end user, it is fragmented into are hospitals, diagnostic centers, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are Ambu AS, Boston Scientific Corporation, Cooper Surgical, Inc., Flexicare medical Limited, Hill Rom Holdings, Hoya Corporation, Karl Storz, Neoscope, Inc., Olympus, and Otu Medical Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the disposable endoscopes market analysis from 2021 to 2031 to identify the prevailing disposable endoscopes market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the disposable endoscopes market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global disposable endoscopes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Bronchoscopy
Urologic Endoscopy
ENT Endoscopy
Arthroscopy
Others
By End User
Hospitals
Diagnostic Centers
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
Australia
South Korea
India
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Boston Scientific Corporation
FlexicareMedical Limited
NeoScope, Inc.
Otu Medical Inc.
Cooper Surgical, Inc.
Hill Rom Holdings
hoya corporation
karl storz endoscopy
OLYMPUS
Ambu AS
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