$3.73 billion in single-use/disposable endoscopy worldwide

DUBLIN, Jan. 21, 2022 (GLOBE NEWSWIRE) — The “Disposable/Disposable Endoscopy Market, Size, Global Forecast 2022-2027, Industry Trends, Shares, Impact of COVID-19, Company Analysis” report has been published Products added to ResearchAndMarkets.com.The global single-use/disposable endoscope market is expected to reach USD 3.73 billion in 2027.The industry is expected to expand at a massive CAGR of 19.4% during 2021-2027.
Over the years, the trend towards disposable devices such as disposable/disposable endoscopes has gained instant traction in numerous surgical and non-surgical procedures.Growing concerns about potential contamination or infection risks in hospitals due to specific reusable devices used for internal patient examinations are driving the growing preference for single-use and single-use endoscopes.Therefore, the reduction in infections resulting from the use of single-use/disposable equipment in the hospital can help reduce the chance of needing medical insurance.By product type, the disposable/disposable endoscope market is segmented into endoscopes, visualization systems, endoscopic ultrasound, insufflators, and others.Demand for the endoscope segment is expected to remain dominant during the study period.High-resolution and high-definition images equipped for diagnosis and examination of the gastrointestinal tract, gastrointestinal bleeding, mucosal and endoscopic therapy for obtaining tissue samples of luminal organs constitute the dominance of the endoscopic segment.Large companies are increasingly looking for new technologies to design new endoscopy methods such as duodenoscopes, choledochoscopy, capsule endoscopy, and echoendoscopy, which is expected to support the market growth over the forecast period.By application, the disposable/disposable endoscopy market is segmented into bronchoscopy, urological endoscopy, arthroscopy, gastrointestinal endoscopy, ENT endoscopy, and others.The rapid increase in the number of respiratory infections caused by reusable bronchoscopy in healthcare over the years has driven sales of disposable endoscopes in bronchoscopy.In addition, technological advancements in bronchoscopy, such as LED light sources and CMOS image sensors, capable of capturing the target area and video are driving traction for the growth of this segment.The global disposable/disposable endoscopy industry is segmented into end-use in hospitals, medical centers, and clinics.According to the analysis, the hospital segment accounted for the largest market share in the disposable/disposable endoscope market in 2021 and is expected to rise rapidly over the forecast period.Good infrastructure, high traffic and rising healthcare costs make hospitals the most popular end-use sector.Furthermore, the high demand for endoscopic therapy is driving the increase in the number of operating rooms, evolution of auxiliary components, and at the same time driving the growth of the global single-use/disposable endoscope market.North America has the largest contribution to single-use/disposable use globally.Disposable Endoscope Market in Regional Markets.Aspects such as increasing prevalence of infectious diseases and complexities associated with reusable endoscopy are driving the demand for single-use endoscopy tools in the region.In addition, sound government regulations and policies to fund hospitals and healthcare centers to upgrade to more modern technologies are other important factors that are expected to continue to support the future revenue growth of the North American market.The Asia Pacific region is expected to grow exponentially over the forecast period. Stringent government regulations related to patient safety and hygiene in countries such as China, Japan, South Korea, and India have led to increased investments by key players to develop and deliver more technologically advanced technology in the healthcare sector Disposable/disposable endoscopy.This is expected to present a huge revenue opportunity for the leading players in the disposable/disposable endoscope market in Asia Pacific.Competitive Landscape: The global disposable/disposable endoscope market is highly fragmented.Well-known companies have well-established manufacturing facilities and are involved in various R&D activities and programs to design and deploy new, more efficient and advanced technologies and solutions in the disposable/disposable endoscope market.Some notable players are Boston Scientific, Hillroom Holdings, Allscripts Healthcare Solutions, Coloplast, Medtronic, Cantel Medical, Alcon, and HCA Healthcare.
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Post time: Feb-11-2022