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Thursday, 18 April 2024
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Disposable Endoscope Market is expected to reach US$ 3,096.34 million by 2028

The disposable endoscope market was valued at US$ US$ 1,213.28 million in 2022; the market is registering at a CAGR of 16.9% during 2022-2028.

By The Insight Partners

According to our new research study on “Disposable Endoscope Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” the market is expected to grow from US$ 1,213.28 million in 2022 to US$ 3,096.34 million by 2028; it is estimated to record a CAGR of 16.9% during 2022–2028.

The report highlights trends prevailing in the market, along with market drivers and deterrents. Factors driving the disposable endoscope market growth are the rising incidence of hospital-acquired infections (HAI) due to contaminated endoscopes and the increasing focus on patient safety and workflow efficiency. However, the accumulation of medical waste due to disposable endoscopes hinders the disposable endoscope market growth.

Based on application, the global disposable endoscope industry is segmented into urologic endoscopy, GI endoscopy, bronchoscopy, arthroscopy, proctoscopy, and others. In 2022, the GI endoscopy segment held the largest share of the market. However, the urologic endoscopy segment is expected to register the highest CAGR during 2022–2028.

Disposable Endoscope Market, by Region, 2022 (%)

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00004924 Source: The Insight Partners Analysis

Endoscopes for the urinary tract, including body parts such as urethra, bladder, ureters, and kidneys, provide visibility and operative access to healthcare providers during diagnostic and therapeutic endoscopic procedures. Various procedures used to diagnose and treat urologic conditions are vasectomy, vasectomy reversal, cystoscopy, prostrate procedures, ureteroscopy, lithotripsy, orchiopexy, penile plication, penile implants and prosthesis, and male circumcision.

The increasing prevalence of kidney disorders and urological-related diseases such as urolithiasis, urethral malignancies, chronic kidney disease, and end-stage renal disease drives the market growth for the urologic endoscopy segment. According to Nation Kidney Foundation, in 2021, kidney disease is the leading cause of death in the US. The disease affects ~37 million people, and one in three adults is at risk of kidney disease in the US. Further, in the US, one in three adults and one in five adults are affected with diabetes and high blood pressure, respectively, the two most cause of kidney disease are at the risk of chronic kidney disease. According to the National Institute of Diabetes and Kidney Diseases, in 2020, ~786,000 people in the US have end-stage kidney disease, with 71% on dialysis and 29% with a kidney transplant. 

The key players offer various innovative disposable urologic endoscopes to manage the rising prevalence of kidney disorders. Ambu A/S offers Ambu aScope 4 Cysto, a single-use, flexible endoscope that eliminates the need for reprocessing and reduces the cost of cleaning supplies, maintenance, and repairs. It provides excellent imaging, smooth maneuverability, consistent quality, and a sterile cystoscope. Ambu A/S is working on launching a next-generation cystoscope and ureteroscope.

Thus, growing prevalence of chronic disease condition and the increasing number of key product launches are promoting the disposable endoscope market growth for the urologic endoscopy segment.

Boston Scientific Corp, Ambu AS, Consis Medical Ltd, Hill-Rom Services Inc, Karl Storz SE & Coo KG, Flexicare (Group) Ltd, OBP Medical Corp, Parburch Medical Developments Ltd, Prosurg Inc, and Coloplast Corp are a few prominent players operating in the disposable endoscope market.

Companies are launching new and innovative products and services to sustain their position in the disposable endoscope market, boosting the market growth. In August 2021, KARL STORZ Endoscopy-America, Inc. launched the newer version of TELE PACK+ compact endoscopy system. After the update, the endoscopy system can be linked with StreamConnect for networking and data management.

The report segments the global disposable endoscope market as follows:

Based on application, the disposable endoscope market is segmented into urologic endoscopy, GI endoscopy, bronchoscopy, arthroscopy, proctoscopy, and others. Based on end users, the disposable endoscope market is segmented into hospitals, diagnostics centers, and clinics. By geography, the disposable endoscope market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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