Disposable Endoscope Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Disposable Endoscope Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The disposable endoscope market is expected to register a CAGR of 6.5% during the forecast period.

The COVID-19 pandemic had an adverse effect on the studied market. Various research studies have provided insight into the effect of the pandemic. For instance, according to a study published in June 2021 by a team of American researchers under the title "Real-World Data on the Impact of COVID-19 on Endoscopic Procedural Delays," non-urgent endoscopic procedures were postponed out of concern for the possibility of contamination. According to the same source, coloscopy was the procedure that took the longest to complete during the COVID-19 pandemic. As a result, the COVID-19 pandemic had an immediate negative influence on market growth. However, due to the global resumption of diagnosis and treatment procedures, the market is anticipated to grow in the future.

According to the 2021 publication "An esophagogastroduodenoscopy procedure using disposable endoscopes to detect the cause of melena in a patient with COVID-19," endoscopy units can avoid contracting COVID-19 by using personal protective equipment (PPE) and a straightforward barrier device during the COVID-19 pandemic. Besides, using a disposable endoscope is recommended as a way to lessen the risk of contact transmission. Additionally, according to a 2021 paper titled "Upper Aerodigestive Tract Endoscopy During COVID-19," there were over 0.45 million infections and over 14,000 deaths in India in 2020, with an increasing trend that was approaching 14,000 infections each day. In 2020, Kerala had a lot fewer illnesses back then, but the rate of test positivity has increased and reached a new national high. Using COVID-19 as a guide, authorities established safety measures when performing endoscopies in India. Thus, owing to the aforesaid factors, the COVID-19 pandemic is expected to have a significant impact on the market studied.

Technological advancement in the field of the disposable endoscope market is contributing to the market. For instance, in May 2021, the PENTAX Medical ONE Pulmo, a brand-new single-use bronchoscope with enhanced suction power and HD image quality from PENTAX Medical Europe received the CE mark. The PENTAX Medical ONE Pulmo offers sterility with HD visualization, broadening the clinical applications beyond the standard disposable scope. Duodenoscopes present a significant reprocessing challenge, even though gastrointestinal endoscope reprocessing is typically very effective, according to the article "Quality Assurance in Endoscopic Infection Control, Disposable Duodenoscopes, and the Environmental Impact of Endoscopy" published in 2022. For duodenoscopes, the FDA has suggested extra reprocessing steps, as even after increased reprocessing, duodenoscope contamination rates are significant, despite some research suggesting a potential benefit to endoscopic procedures. Duodenoscopes that are disposable have been developed in response to these worries. Using a disposable duodenoscope reduces the danger of contamination. Therefore, as per the facts mentioned above, the increasing prevalence of endoscopy surgeries for treatment and diagnosis and technological advancements ultimately propelled the demand for disposable endoscopy devices globally. This contributed to the market growth.

However, the lack of awareness and low adoption of disposable endoscopes in hospitals is expected to hinder the market growth.

Key Market TrendsGastrointestinal Segment is Expected to Hold a Significant Market Share Over the Forecast Period

The major factors boosting the market growth in the gastrointestinal segment are the increased prevalence of gastrointestinal diseases, coupled with increased initiatives such as approval, etc. For instance, in 2020, a GLOBOCAN report stated that the incidence of stomach cancer was 1,089,103 in 2020. This count is expected to rise to 1,810,870 by 2040. The rising number of stomach cancer is expected to boost the market growth since there is likely to be an increased number of early diagnoses of cancer and thus the adoption of more disposable endoscopes.

Increased research and development in the field of gastroenterology fuels market growth. For instance, in an article published in 2022 under the title “Disposable versus reusable gastroscopes: a prospective randomized noninferiority trial”, recently, disposable gastroscopes were created to reduce the risk of infection spread from contaminated reusable gastroscopes. Disposable gastroscopes offer an alternative to reusable gastroscopes for routine examination due to their overall safety profile and comparable technical performance. Since the awareness relating to the advantage of disposable gastroscopes is rising from the research initiatives like this, the adoption of disposable gastroendoscopes is likely to boost the market growth.

Product launches and collaborations are two key market development drivers. For instance, in October 2020, the Asian Institute of Gastroenterology (AIG), located in Hyderabad, India, received an AI diagnostic support system due to a partnership between Olympus Corporation and Cybernet Systems Co. Ltd. The market is anticipated to expand in the future due to rising developments in several end-user facilities as well as rising product releases and partnerships. Thus, the above-mentioned factors are expected to increase market growth over the forecast period.

North America is Expected to Hold a Significant Share in the Market Over the Forecast Period

North America is expected to hold a major market share in the global disposable endoscope market over the forecast period due to the increasing incidences of infection in hospitals because of the contaminated endoscope, which is resulting in high demand for disposable endoscopes. The adoption of disposable endoscopes is increasing due to the rising prevalence of nosocomial infections in this region. Furthermore, the rise in the number of FDA approvals and launches of new products, technological advances, increasing healthcare expenditure, and the presence of well-established healthcare infrastructure is also fueling the growth of the overall region to a large extent.

Additionally, favorable government assistance is fostering market expansion. For instance, the Food and Drug Administration (FDA) of the United States updated its "Safety Communication" in April 2022 and reiterated its suggestion that hospitals and endoscopy institutions switch to utilizing only completely or semi-disposable duodenoscopes. The FDA further said that cutting-edge device designs that make reprocessing simpler, more efficient, or unnecessary are the best way to lower the risk of disease transmission by duodenoscopes. Duodenoscopes with disposable parts can be easier to clean, less contaminated, and less likely to spread disease after reprocessing. As a result, government plans like this one foster market expansion in the region under scrutiny.

Moreover, increasing product approvals are driving the market's growth. For instance, in July 2022, ZSquare, a leader in the creation of high-performance, single-use endoscopes, stated that the FDA has approved the company's first product, the Square ENT-FlexTM Rhinolaryngoscope, for commercial release. Square plans to do a test rollout at esteemed medical practices and universities in the United States by Q4 2022. As per the factors mentioned above, the market studied is expected to grow in the region.

Competitive Landscape

The disposable endoscope market is concentrated, and it consists several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies that are currently dominating the market are Ambu A/S, Boston Scientific Corporation, Hillrom Services Inc, KARL STORZ Endoscopy-America Inc., and ProSurg Inc.

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