Single Use/Disposable Endoscopy Market Size to Reach USD 6.29 Billion in 2028 Growing at a CAGR of 21.1%, according to Emergen Research

Emergen Research has published its latest report titled “Single Use/Disposable Endoscopy Market By Product (Endoscope, Visualization Systems, Endoscopic Ultrasound, Insufflator), By Application (Bronchoscopy, Urologic Endoscopy, Arthroscopy, GI endoscopy, ENT Endoscopy, Others), By End-use (Hospitals, Healthcare Centers, Clinics), and By Region Forecast to 2028.”

According to Emergen Research, the global single use/disposable 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.

Market Dynamics:

Single-use endoscopes eliminate the risk and probability of patient infection caused due to cross contamination of reusable endoscopes. Healthcare organizations across the globe are increasingly focusing on reducing healthcare-associated infections as they lead to high economic burden and impaired patient health quality. Rapid adoption of single use or disposable endoscope to reduce the possibility of endoscope-associated infections and introduction of new disposable devices are some key factors expected to drive market revenue growth over the forecast period. In addition, technological advancements in endoscopes, increasing areas of application, and increasing focus of manufacturers on expanding their single-use portfolios are some other key factors expected to contribute to revenue growth of the market going ahead.

Patient infections can be detrimental and damaging to the reputation of a hospital and can be fatal for some patients. Health-care associated infections are linked with 1-2% of all surgical and diagnostic procedures and this has boosted need for disposable endoscopes in various procedures to reduce the risk of infections among patients. With rising number of endoscope-associated infections, interest in single-use, disposable endoscopes has significantly increased over the recent past. In addition, single use endoscopes have lower acquisition costs, require lower level of training and skills, low-cost of maintenance, and have no reprocessing costs. Clinical applications for single-use endoscopes have expanded significantly and cover a wide range of diagnostic and therapeutic procedures including ENT, brionchoscopy, general surgery, cardiology, urology, and gastroenterology, among others. The advent of COVID-19 pandemic further boosted demand for disposable endoscopes due to rising focus on reducing the transmission of virus and spread of infection and this has significantly contributed to market growth and is expected to continue to do so going ahead.

However, increasing concerns regarding sustainability of single use endoscopes in terms of long-term economic, environmental, and social consequences is a growth limiting factor and can restrain market growth to a certain extent going ahead. Increasing focus on ensuring disposable medical devices are easy to dispose and does not harm others is expected to open up new opportunities for key manufacturers in the market and further boost demand for single-use endoscopes.

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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 to Register Rapid Revenue CAGR:

Endoscope segment is expected to register a rapid revenue CAGR over the forecast period attributable to increasing number of endoscopic procedures performed, availability of high-definition images produced by endoscopes to diagnose and treat gastrointestinal disorders, technological advancements in endoscopes, and increasing focus of key healthcare companies on developing advanced endoscopy procedures.

Bronchoscopy Segment to Support Market Revenue Growth:

Bronchoscopy segment is expected to register significant revenue growth over the forecast period attributable to increasing demand for single use bronchoscopes due to rising rate of infection caused by reusable bronchoscopes, technological advancements in single-use bronchoscopes such as integration of light source and image sensor, and cost-effectiveness of single-use bronchoscopes.

North America to Lead in Terms of Revenue Share:

North America dominated other regional markets in terms of revenue share in 2020 and is expected to continue to lead over the forecast period. Increasing prevalence of chronic diseases and subsequent need for efficient diagnosis and treatment, rising incidence of infectious diseases caused by reusable endoscopy, rapid adoption of single-use endoscopes, and availability of funds and grants to accelerate development of robust healthcare facilities and adoption of advanced medical devices are some key factors expected to contribute to revenue growth of the market in the region.  

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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 Plc.

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

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/single-use-disposable-endoscopy-market

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

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.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
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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