The Global Disposable Endoscopes Market size is expected to reach $2.7 billion by 2025, rising at a market growth of 18.7% CAGR during the forecast period. An endoscope is an instrument comprised of a light fiber and a camera-connected image fiber that captures high-resolution images within the body and sends them to an attached device for viewing. Modern endoscopes are completely versatile, offering deeper visibility into the inner body and capturing images for a clearer view in high definition.
Global Disposable Endoscopes Market Size
Disposable endoscopes provide single-time use facilities and do not require sterilization or cleaning procedures that nullify contamination chances. The European Union sponsored a project called 'Design of a Disposable Use Endoscopy Tool' (DUET) in 2014. It focused on researching and designing single-use endoscopes to mitigate contamination scenarios. A research conducted by the Association of PeriOperative Registered Nurses (AORN) revealed that, in 2016, five reusable uteroscopes detected gram-positive bacterial contamination.
The global demand for disposable endoscopes is driven by an increased rate of nosocomial infections due to the use of contaminated or tainted endoscopes and recent technical developments in the endoscope field. A wide range of factors contributes to the growth of the disposable endoscopes market. These include an increase in global demand for cost-effective endoscopy procedures, a rise in US Food and Drug Administration approvals, and enhancement of favourable government legislation on disposable endoscopes. In addition, an increase in people's understanding of infection induced by infected reusable endoscopes, an increase in health care spending and an increase in the incidence of acquired healthcare-associated infections propel the global demand for disposable endoscopes.
Disposable Endoscopes Market Share
With the sudden break of Covid-19 in late months of year 2019, the markets worldwide are unfortunately experiencing its grip. The suppliers and consumers of the products & Services are affected in a big way across the sectors resulting in declining revenues in last quarters of year 2019.
Based on Application, the market is segmented into Bronchoscopy, GI endoscopy, ENT Endoscopy, Urologic endoscopy, Arthroscopy and Others. Based on End Use, the market is segmented into Diagnostic Centers, Clinics and Hospitals. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Disposable Endoscopes Market to reach a market size of $2.7 billion by 2025
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Ambu A/S, AllScripts Healthcare Solutions, Inc., Boston Scientific Corporation, Hill-Rom Holdings, Inc. (Welch Allyn), AirStrip Technologies, Inc., Parburch Medical Developments Ltd., OBP Medical Corporation, Flexicare Medical Ltd., Timesco Healthcare Ltd., and SunMed, LLC.
Market Segmentation:
By Application
By End Use
By Geography
Companies Profiled
The global disposable endoscopes market size is expected to reach $2.7 billion by 2025.
The major factors that are anticipated to drive the disposable endoscopes industry include growing demand for endoscopy and the growing healthcare market in emerging economies.
The top market players are Ambu A/S, AllScripts Healthcare Solutions, Inc., Boston Scientific Corporation, Hill-Rom Holdings, Inc. (Welch Allyn), AirStrip Technologies, Inc., Parburch Medical Developments Ltd., OBP Medical Corporation, Flexicare Medical Ltd., Timesco Healthcare Ltd., and SunMed, LLC.
The hospitals end-use segment captured the highest market share in 2019.
The North America region is reported the largest share of sales in 2019.
The expected CAGR of disposable endoscopes market is 18.7% from 2019 to 2025.
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