Disposable Endoscopes Market Growth & Trends
The global disposable endoscopes market size is expected to reach USD 7.3 billion by 2030, registering a CAGR of 17.0% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for single-use endoscopes to eliminate the risk associated with reusable endoscopic devices is one of the major factors driving the market growth. In addition, disinfecting and cleaning of reusable endoscopes and their accessories are the most critical task for physicians, and the risk of infection associated with the endoscope accessories cannot be underestimated. For instance, according to the survey on the contamination of patient-ready endoscopes from three hospitals, published in the American Journal of Infection Control in 2018, told that microbial growth was found in 71% of the reusable endoscopes.
In addition, reusable endoscopes and their accessories are subject to the risk of leakage and clogging due to deterioration over time, which, in turn, drives the demand for disposable endoscopes owing to their low cross-contamination risk. By application, the bronchoscopy segment accounted for the highest market value share in 2021. Increasing adoption of single-use bronchoscopes in several therapeutic procedures including tumor debulking and foreign body removal to treat the disease conditions, such as Chronic Obstructive Pulmonary Disease (COPD) and asthma, is expected to drive the segment. Furthermore, patient infections can occur exogenously mainly due to contaminated equipment, but single-use bronchoscopes reduce the risk of infection for both physician and the patient, which will boost its demand.
The hospital end-user segment dominated the market in 2021 owing to the presence of a large number of hospitals performing endoscopic procedures. However, the clinics' segment is expected to grow at the fastest CAGR over the forecast years due to the increasing preference for and high adoption of cost-effective disposable endoscopes over reusable ones to perform endoscopic procedures in the clinics. North America was the dominant regional market in 2021. The rising adoption of advanced technologies, the presence of advanced infrastructure, and increasing awareness regarding minimally invasive surgeries are some of the prominent factors propelling the market growth in the region.
In addition, the rising prevalence of conditions, such as gastrointestinal disorders and cancer, coupled with, the growing geriatric population is the other factor supporting regional growth. The reduction of overall surgical procedures during the COVID-19 pandemic has partially affected the overall endoscope industry growth in 2020. However, the use of single-use endoscopes can reduce the viral transmission to the healthcare personnel conducting the procedures, which is expected to boost its adoption over the forecast years. Therefore, the market has seen growth during the pandemic.
Disposable Endoscopes Market Report Highlights
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