USD 1.7 billion
Report ID: SQSG35A2041 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 61 | Figures: 75
Disposable Endoscopes Market size was valued at USD 1.7 billion in 2021 and is poised to grow from USD 1.99 billion in 2022 to USD 6.15 billion by 2030, growing at a CAGR of 17% in the forecast period (2023-2030).
One of the key elements expected to fuel market growth is the expanding cross-contamination problem with reusable endoscopes. In 2021, one in every twenty patients will have a pathogen contamination concern, according to Mr. Brian Dunkin, MD, CMO of Boston Scientific Endoscopy. Additionally, it is expected that the adoption of disposable endoscopes would rise as a result of numerous laborious sterilisation procedures to get rid of all kinds of pathogens from the reusable endoscopes.
For instance, cleaning endoscopes during ERCP operations, according to Boston Scientific, necessitates over 100 manual processes and is prone to error. The market is expanding as a result of the rising preference of medical professionals for single-use or disposable endoscopic devices. For single-use endoscopes, The Centers for Medicare & Medicaid Services (CMS) 2021 has introduced a new device passcode. This code is used by hospitals and ambulatory surgical centres (ASCs) in the United States to bill Medicare for the use of single-use duodenoscopes.
The COVID-19 epidemic had a moderately negative impact on the growth of the disposable endoscope market. Adoption of the product was additionally impeded by the COVID-19 pandemic's reduction in surgical procedures. Additionally, the COVID-19 pandemic increased the usage of single-use devices because of the paucity of medical personnel brought on by the elevated infection risks connected with cleaning endoscopes. For instance, a study published in the Journal of Bronchology & Interventional Pulmonology in 2021 found that roughly 20% of health workers in Italy and 11% of health workers in the United States both had COVID-19.
However, because of its safety and the removal of infection risks, COVID-19 is predicted to gradually disappear, increasing the market for single-use endoscopes. Additionally, single-use gadgets are more economical than reusable ones, which is expected to fuel market expansion. For instance, the average cost per patient for reusable flexible bronchoscopes is £511.00 with an associated infection risk of 2.8%, according to statistics from the Association of Anesthetics published in November 2021. Single-use flexible bronchoscopes are predicted to cost on average £220.00 per patient and carry a 0% infection risk.
Similar to this, a 2021 study in the Chest Journal found that hospitals spend between 21 and 155% more per instrument on reusable bronchoscopes than on disposable endoscopes. Cost-effectiveness, reduced risk of cross-contamination, and less resource use are thus expected to fuel market expansion throughout the ensuing years. It is projected that the market will continue to grow as a result of the quick development of technology and the increasing investments made by major manufacturers in the creation of new, creative products. For instance, the single-use endoscope manufacturer Ambu A/S introduced the Ambu aView 2 Advance display for endoscopes in May 2021.
US Disposable Endoscopes Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.7 billion
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Global Disposable Endoscopes Market is segmented based on Application, End Use, and Region. Based on Application the market is further sub segmented into Bronchoscopy, ENT Endoscopy. Based on End Use the market is further sub-segmented into Hospitals, Clinics. Based on Region the market is further sub-segments into North America, Europe, Asia Pacific, Latin America, MEA.
Disposable Endoscopes Market Analysis by Application
The sector with the biggest revenue share in 2021 more than 29% was bronchoscopy. The segment is expanding as a result of the rising prevalence of lung illnesses and the widespread use of minimally invasive bronchoscope operations. According to the American Lung Association, there were 2.0 million lung cancer cases reported worldwide in 2021. In addition, the most frequent global causes of severe acute diseases and fatalities include asthma, COPD, acute lower respiratory tract infections, lung cancer, and tuberculosis. The World Health Organization (WHO) estimates that over 334 million people worldwide suffered from asthma in 2021 and approximately 65 million individuals had moderate to severe COPD.
However, during the expected years, the ENT endoscopic application category is expected to increase at the quickest rate. The increase in usage of disposable endoscopes for ENT care and cleaning is credited with lowering expenses and reducing cross-contamination. Additionally, it is expected that the rising incidence of nose, ear, and throat infections will fuel segment expansion. Furthermore, this market is growing at the quickest rate thanks to technological developments and subsequent product introductions. For instance, in the US, 3NT Medical debuted the "Colibri Micro ENT Scope," a single-use ENT endoscope, in June 2021.
Disposable Endoscopes Market Analysis by End Use
Due to favourable reimbursement regulations and a high product preference among hospitals for patients having endoscopic treatments, the end-user sector for hospitals accounted for the highest revenue share of almost 47% in 2021. Additionally, the fact that there are numerous hospitals both in developed and developing nations that undertake endoscopic operations is fueling the segment's expansion. The adoption of disposable devices in hospitals is expected to increase as people become more aware of the infection dangers associated with reusable endoscopic devices, which will support the segment's growth. However, over the projected years, the end-use segment for clinics is expected to increase at the quickest rate. This increase can be attributed to clinics' strong preference for disposable endoscopes due to their affordability. They also have a lower danger of cross-contamination than reused endoscopes and need less time for the surgery and quick recuperation. Additionally, the growing popularity of same-day surgery in developed nations is expected to boost product uptake in clinics and promote market expansion overall throughout the projection period.
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With a sales share of more than 41.5% in 2021, North America dominated the global market. It is due to the widespread use of cutting-edge technologies, the presence of sophisticated infrastructure, and rising public knowledge of surgeries that require the least amount of incision possible. The regional market is also expected to be driven by the rising incidence of gastrointestinal illnesses, cancer, and the ageing population. Data from the National Cancer Institute show that in 2021, there were around 1,806,590 new cancer cases diagnosed in the United States. In addition, the Centers for Disease Control and Prevention (CDC) reports that approximately 2.4 million Americans saw doctors for digestive system problems.
Growth in the market will also be fueled by the regulatory authorities in this area boosting the number of endoscope uses they have approved. For instance, the US FDA granted 510k clearance for the single-use flexible endoscope Ambu aScope Cysto in April 2021. However, during the expected years, Asia Pacific is predicted to increase at the quickest rate. The main variables expected to propel the market in this area are improving healthcare infrastructure and lax regulatory frameworks. Additionally, it is expected that the burden of chronic diseases will increase in the area, as will awareness of the benefits of minimally invasive surgery. Highly populous nations like China and India offer a sizable target patient pool, which is also projected to fuel the expansion of the regional market.
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Disposable Endoscopes Market Driver
Disposable Endoscopes Market Restraint
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To expand their product range and maintain a dominant position in the market, major manufacturers are concentrating on implementing critical business strategies like collaboration, acquisition, and new product releases. Ambu debuted its three brand-new disposable endoscopes in 2021: the gastroscope, duodenoscope, and colonoscope. Zsquare, an Israeli endoscopy company, got US$ 10 million in February 2021 for the creation of a single-use endoscopic platform multiplier.
Disposable Endoscopes Market Top Player’s Company Profiles
Disposable Endoscopes Market Recent Development
Global market expansion is aided by rising consumer demand for low-cost endoscopic operations, an increase in US Food and Drug Administration approvals, and more favourable government rules governing disposable endoscopes. The rise in healthcare spending, increased public awareness of diseases brought on by tainted reusable endoscopes, and an increase in the prevalence of acquired infections linked to medical care are further factors driving the global disposable endoscopes market. Medical waste is produced by disposable endoscopes, endangering the environment. Because of this, skilled healthcare professionals no longer favour disposable endoscopes, which inhibits the market's expansion. The global market is further constrained by the developing world's low disposable endoscope adoption rates.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the bronchoscopy segment dominated the global Disposable Endoscopes Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, North America dominated the global Disposable Endoscopes Market owing to the region's highly aware and economically stable population.
|Market size value in 2021||USD 1.7 billion|
|Market size value in 2030||USD 1.99 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Disposable Endoscopes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Disposable Endoscopes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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