Disposable Endoscope Market Growth, Opportunities and Challenges Forecast To 2030
According to the research study on “Disposable Endoscope Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” the disposable endoscope market size is expected to grow from US$ 1,213.28 million in 2022 to US$ 3,096.34 million by 2028; it is expected to register a CAGR of 16.9% from 2022 to 2028. The report highlights key factors driving the disposable endoscope market growth and prominent players with their deSvelopments in the market.
Rapid Technological Advancements and Product Launches to Fuel Market Growth During Forecast Period
The earliest generation of single-use endoscopes demonstrated their clinical value regarding cross contamination, availability, and workflow, but a performance gap compared to reusable endoscopes limited their adoption. However, in recent years, rising technological advancements in sensors, image processing software, and monitor processing power have improved image resolutions and clinical performance of single-use endoscopy products. Moreover, with single-use endoscopes, product iterations can occur at a faster pace than with reusable endoscopes. As a result, a few single-use endoscopes being launched recently have surpassed reusable endoscopes in terms of performance.
In July 2020, Ambu A/S launched aScope Duodeno 1.5 single-use duodenoscope for Endoscopic retrograde cholangiopancreatography (ERCP) procedures. The aScope Duodeno 1.5 is designed with high-definition imagery and flexible bending angles to view the mucosa in detail and navigate the gastrointestinal tract efficiently. After the successful launch of aScope Duodeno 1.5, in February 2022, Ambu A/S announced that it had received FDA 510(k) clearance for its Ambu aScope Gastro and Ambu aBox 2, which are Ambu’s first sterile, single-use gastroscopes with updated imaging and design features. The single-use aScope Gastro solution, combined with the company’s next-generation display and processing unit Ambu aBox 2, will help hospitals to perform quality and cost-effective gastroscopies at ease, across a wide range of care settings, such as endoscopy units, operating rooms (OR), intensive care units (ICU), emergency rooms (ER), and ambulatory surgery centers.
In April 2021, Olympus Corporation announced the expansion of its respiratory portfolio by launching the first line of single-use bronchoscopes, the H-SteriScopes. The disposable bronchoscope is available in five models with premium features that help clinicians to target, diagnose, and treat patients while enhancing workflow and productivity.
In May 2021, PENTAX Medical received CE mark for PENTAX Medical ONE Pulmo, a single-use bronchoscope with superior suction capacity and HD image quality. PENTAX Medical ONE Pulmo has features such as sterility with HD visualization, broadening the clinical applications beyond the standard disposable scope.
Thus, growing technological advancements and product launches of disposable endoscopes will propel the disposable endoscope market growth during the forecast period.
Based on application, the disposable endoscope market is segmented into urologic endoscopy, GI endoscopy, bronchoscopy, arthroscopy, proctoscopy, and others. The GI endoscopy segment held the largest share of the market in 2022. However, the urologic endoscopy segment is expected to register the highest CAGR during the forecast period. In terms of end user, the disposable endoscope market is segmented into hospitals, diagnostics centers, and clinics. The hospitals segment held the largest market share in 2022 and is likely to continue its dominance during the forecast period.
Boston Scientific Corp, Ambu AS, Consis Medical Ltd, Hill-Rom Services Inc, Karl Storz SE & Co KG, Flexicare (Group) Ltd, OBP Medical Corp, Parburch Medical Developments Ltd, Prosurg Inc, and Coloplast Corp. are among the leading companies operating in the global disposable endoscope market.
Based on geography, the global disposable endoscope market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and South & Central America. The North America disposable endoscope market is further segmented into the US, Canada, and Mexico. The Europe disposable endoscope market is subsegmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The Asia Pacific disposable endoscope market is subsegmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. The disposable endoscope market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The South & Central America disposable endoscope market is subsegmented into Brazil, Argentina, and the Rest of South & Central America.
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