Disposable Endoscopes Market Top Companies, Trends and Growth Factors Details for Business Development
Disposable Endoscopes Market Growth & Trends
The global disposable endoscopes market size is expected to reach USD 5.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2021 to 2028. The rise in demand for single-use endoscopes for eliminating the risk of device-related infection is a major parameter driving the market. There is a rise in concern over device-related infection globally. For instance, nearly 350 patients from 41 medical facilities were infected by or exposed to contaminated gastroscopes in 2016, according to the U.S. FDA in 2016. Moreover, the American Journal of Infection Control detected microbial growth in 71.0% of the endoscope samples collected for research from three U.S. hospitals in 2018. Thus, increasing cases of hospital-acquired infections are driving the market growth. Moreover, there is a growing demand for reusable bronchoscopes as reusable contaminated bronchoscopes can put COVID-19 patients at risk.
Disposable endoscopes offer benefits such as reduction of costs of cleaning supplies, repairs, and maintenance. It also eliminates the long-term service contracts for endoscopes. The Cost-effectiveness of disposable endoscopes over reusable endoscopes is driving the market growth potential. Rise in prevalence of target-based diseases including ENT, neurological, cancer, GI disorders, and others along with the growing geriatric population is supporting the growth of the market.
Market players are investing in the development of medical devices including disposable bronchoscopes, disposable arthroscopes, and disposable gastroscopes. In addition, product approvals and launches are supporting the growth of the market. For instance, in July 2020, Ambu, a medical device manufacturer received a 510(k) clearance from the U.S. FDA clearance for its single-use duodenoscopes. The device includes single-use scope and a reusable processor. Moreover, the company launched Ambu aScope 4 Cysto, a single-use cystoscope. The cystoscope eliminates the repairing and reprocessing time of the urologist.
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Disposable Endoscopes Market Report Highlights
- Bronchoscopy emerged as the leading type segment in 2020 and accounted for the largest revenue share of 29.9% in the market
- The hospitals segment dominated the market and accounted for the largest revenue share in 2020, whereas the clinics segment is projected to expand at the fastest CAGR during the forecast period
- North America dominated the market and accounted for the largest revenue share of 42.1% in 2020, whereas Asia Pacific is projected to expand at the fastest CAGR during the forecast period
Access Press Release@ https://www.grandviewresearch.com/press-release/global-disposable-endoscopes-market
Disposable Endoscopes Market Segmentation
Grand View Research has segmented the global disposable endoscopes market on the basis of application, end-use, and region:
Disposable Endoscopes Application Outlook (Revenue, USD Million, 2016 – 2028)
- Urologic endoscopy
- GI endoscopy
- ENT endoscopy
Disposable Endoscopes End-use Outlook (Revenue, USD Million, 2016 – 2028)
- Diagnostics Centers
Disposable Endoscopes Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key Players of Disposable Endoscopes Market
- Ambu A/S
- Prosurg Inc. (Neoscape, Inc.)
- AirStrip Technologies
- Boston Scientific Corporation
- Parburch Medical
- OBP Medical Corporation
- Welch Allyn (Hill-Rom Services Inc.)
- Allscripts Healthcare Solutions
- Flexicare Medical Limited
- Timesco Healthcare Ltd.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.