Global Disposable Endoscope Market is Anticipated to Witness High Growth Owing to Increased Demand for Cost-Effective Medical Procedures

 

Global Disposable Endoscope Market

Disposable Endoscopes are medical devices that are used to examine the interior parts of a body orally or through small incisions. They find wide applications in gastrointestinal procedures, bronchoscopy, laparoscopy, arthroscopy, etc. Disposable endoscopes offer advantages like single-use, easy to dispose of, and lower risk of infections. With the rising cases of Hospital Acquired Infections (HAIs) and growing preference for affordable medical treatments, the demand for disposable endoscopes is increasing.

The Global Disposable Endoscope Market is estimated to be valued at US$ 938.1 MN in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Global Disposable Endoscope Market are Ambu A/S, Prosurg Inc., CooperSurgical, Inc., EndoVentions Medical, Inc., Boston Scientific Corporation, Parburch Medical, OBP Medical Corporation, Welch Allyn, Flexicare Medical Limited, UVision360, Jiyuan Medical, and NeoScope, Inc. These players are focusing on new product launches and geographical expansion to strengthen their market presence.

Some of the key opportunities in the market include increasing geriatric population susceptible to various gastrointestinal disorders, rise in minimally invasive surgeries, and growing awareness about hospital-acquired infections. The market players are also exploring opportunities in emerging economies in Asia Pacific and Latin America owing to their large patient pools and improving healthcare infrastructure.

The increased adoption of Global Disposable Endoscopes Market Size can be attributed to the growing demand for affordable medical procedures. They help reduce the risk of cross-contamination as each endoscope is meant for single-use. This is expected to drive the market during the forecast period.

However, lack of adequate reimbursement policies for endoscopy procedures and difficulties in navigating complex internal anatomies with disposable variants remain key challenges for the market. The availability of reprocessed endoscopes at lower costs also poses a threat to market growth.

Market drivers: Increasing incidence of chronic diseases like cancer requiring endoscopy procedures, advantages like ease of use and lower cost of disposables.

Market restraints: Availability of reprocessed endoscopes at lower costs, difficulties in navigating complex anatomies, lack of adequate reimbursement in developing economies.

Segment Analysis

The global disposable endoscope market can be segmented on the basis of product type, application, and end-user. Based on product type, the videoscopes segment is expected to dominate the market throughout the forecast period. Videoscopes offer high-quality visualization of medical procedures and help increase safety and efficiency. Their preference over fiberoptic endoscopes is increasing due to advantages such as miniaturization, image enhancement, and easy accessibility.

Based on application, the bronchoscopy segment holds the largest share of the market currently. Disposable bronchoscopes are majorly used for evaluating and diagnosing various lung diseases. The increasing prevalence of lung cancer and respiratory diseases is driving the demand for bronchoscopy procedures and hence for disposable endoscopes.

Regional Analysis
North America dominates the global disposable endoscope market currently due to established healthcare infrastructure, high awareness among healthcare providers and patients, and presence of key players in the region. The presence of advanced technologies, high adoption of minimally invasive techniques, and favorable reimbursement policies is also fueling the market growth. Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to rising healthcare expenditure, increasing awareness, and proliferating medical tourism industry in countries like China, India, and Singapore.

Explore Our More Blogs Global Disposable Endoscope Market

Comments

Post a Comment

Popular posts from this blog

The global Blast Resistant and Bulletproof Buildings Market Growth Accelerated by Rising Threats

Image
Blast resistant and bulletproof buildings provide protection against explosions, bomb threats and gunfire. They use composite or alloy materials like ballistic glass, reinforced steel and concrete which reinforce structures and withstand blasts or projectiles. The rising threats of terrorist attacks and military aggressions have increased the demand for such secure buildings for government infrastructures, embassies, military installations and other high-security areas. The global Blast Resistant and Bulletproof Buildings Market is estimated to be valued at US$ 1.28 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for blast resistant and bulletproof buildings has risen significantly owing to increasing geopolitical conflicts and threats across the world. Majority of countries are allocating higher defense budgets for construction of secure...
Read more

Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market is Anticipated to Witness High Growth Owing to Increasing Business Events

Image
  Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market The Saudi Arabia MICE market refers to meetings, incentives, conferences, and exhibitions which cater to business events in the country. MICE activities help businesses to hold strategy and planning meetings, incentive travel programs, product launches, training seminars, and exhibitions. The events industry helps hotels, airlines, transportation, food & beverage sectors in Saudi Arabia. Growing awareness about MICE and its impact on economy is encouraging businesses to organize more events. The Saudi Vision 2030 aims to diversify economy away from oil and develop tourism and entertainment industries which will further boost the MICE market. The Global Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market is estimated to be valued at US$ 2.69 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031. Key Takeaways Key players operating in ...
Read more

Mometasone Furoate Market Poised for High Growth Due to Rising Prevalence of Respiratory Diseases

Image
  Mometasone Furoate Market Mometasone furoate is a corticosteroid used for the treatment and prevention of asthma, allergic rhinitis, nasal polyps, skin diseases and other inflammatory conditions. It is typically administered as an inhaled medication for asthma and as a topical cream or ointment for skin conditions like dermatitis and eczema. Mometasone furoate works by reducing inflammation and helps ease symptoms like wheezing, breathlessness, and itching caused by various inflammatory reactions in the body. The growing prevalence of asthma and other allergic diseases globally has significantly boosted the demand for mometasone furoate based drugs and products. The global mometasone furoate market is estimated to be valued at US$ 1467.01 Bn in 2024 and is expected to exhibit a CAGR of 22% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the mometasone furoate market are Thermo Fisher Scientific, Merck KGaA, Danaher Corporation, Lonza Group, Mil...
Read more