Disposable Endoscope Market Overview:

According to a new report by IMIR Market Research on Global Disposable Endoscope Market Size was valued at USD 1.7 Billion in 2022. The Disposable Endoscope market industry is projected to grow from USD 2.2 Billion in 2023 to USD 8.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.20% during the forecast period (2023 - 2032).

Increasing patient desire for minimally invasive procedures and growing need for single-use endoscopes to reduce the risk of device-related infection, are the key market drivers enhancing the market growth.

Disposable Endoscope Market Trends

Rising trend of cycling is driving the market growth

One of the main factors propelling the global market is the increasing demand for single use endoscopes to reduce the risk of infection connected to the device. Additionally, the market is being further stimulated by increased patient desire for less invasive procedures, a supportive regulatory environment, and advantageous reimbursement policies in developed nations. Additionally, the market has benefited from lucrative growth possibilities because to the rising investments, money, and grants made by governments and other organisations to advance endoscopic research and healthcare infrastructure.

The global market is being driven by the growing use of minimally invasive procedures due to its numerous advantages, including high patient acceptance rates, less pain, cost effectiveness, and a lower risk of consequences. For instance, ambulatory minimally invasive operations are on the rise in the United States, according to NIH data from January 2023. In addition, the need for single-use endoscopic equipment for ENT, bronchoscopy, and dental procedures is expected to expand in the future years across hospitals, diagnostic centres, and other settings.

Additionally, the prevalence of gastrointestinal illnesses such functional dyspepsia and IBS is predicted to rise, along with the use of endoscopic treatments to identify GI problems. For instance, a global study published in the Gastroenterology journal in 2021 found that more than 40% of people globally suffer from functional gastrointestinal diseases. As a result, the prevalence of GI disorders is driving manufacturers to release innovative endoscopic equipment on the market. For instance, Ambu reported in February 2022 that Ambu aScope Gastro and Ambu aBox 2 had received U.S. FDA certification. The company's position in the GI market was bolstered by this clearance.

The market for disposable endoscopes is expected to continue growing as a result of increased hospital investments in endoscopy facilities, increasing endoscopic demand due to the prevalence of target diseases, and endoscopy technology advances. The minimal cost of maintenance, cleaning, and storage of the single-use endoscopes, among other benefits offered by this type of endoscopes, are increasing consumer demand for the product. Additionally, the growing concern of regulatory agencies for patient safety has aided in improving the quality of disposable endoscopes, reducing the number of infections. This situation has been beneficial for the expansion of the sector. Additionally, it is projected that rising target disease prevalence will fuel product demand.

One of the most important factors contributing to the market's expansion is the rise in hospital-acquired infections (HAI) caused by the use of infected endoscopes. Increased regulatory authority sanctions are another factor that will encourage the selling of disposable endoscopes. For instance, the FDA recently approved new disposable endoscopes that provide sterile endoscopic treatment and were produced by the Invendo medical company, which Ambu bought. In contrast, higher disposable endoscope pricing in the coming years will somewhat restrain the market's expansion. Additionally, market participants are spending money on the creation of cheaper, safer medical instruments including disposable gastroscopes, disposable bronchoscopes, and disposable arthroscopes. Additionally, numerous product launches and approvals are accelerating market adoption. For instance, Integrated Endoscopy introduced a second-generation NUVIS disposable arthroscope in November 2022. The recently released arthroscope is the first 4K endoscope of its kind created for use in arthroscopic surgical operations. Thus, driving the Disposable Endoscope market revenue.

Scope of Disposable Endoscope Marke Market Report

A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Disposable Endoscope Marke Market. On the basis of historic growth analysis and current scenario of Disposable Endoscope Marke market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Disposable Endoscope Marke market. This further helps users with their developmental strategy.

Disposable Endoscope Key Market Players & Competitive Insights

Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Disposable Endoscope market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Disposable Endoscope sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.

One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Disposable Endoscope sector. Major players in the Disposable Endoscope market, including Boston Scientific Corporation, FlexicareMedical Limited, NeoScope, Inc., Otu Medical Inc., Cooper Surgical, Inc., Hill Rom Holdings, hoya corporation, karl storz endoscopy, OLYMPUS, and Ambu AS, are attempting to increase market demand by investing in research and development operations.

ZSquare is a company that creates single-use endoscope technology with the goal of eliminating the chance of cross-contamination as a result of subpar sterilisation. The company's disposable devices minimise the costs, hazards, and delays associated with sterilisation, allowing doctors to access cutting-edge endoscopic diagnostic tools that democratise patient care while enhancing patient outcomes and hospital productivity. ZSquare, a pioneer in the development of high-performance, single-use endoscopes, announced in July 2022 that the FDA has authorised the sale of its first product, the Square ENT-FlexTM Rhinolaryngoscope.

The Asian Institute of Gastroenterology (AIG), established in Hyderabad, India, offers treatment services for gastroenterology-related illnesses. With well-equipped technology and committed staff, the organisation provides patients with outpatient endoscopic surgical procedures, colonoscopies, ERCP (diagnostic and therapeutic), endoscopic ultrasonography, endoscopic stitching, and capsule endoscopies. A partnership between Olympus Corporation and Cybernet Systems Co. Ltd. allowed for the delivery of an AI diagnostic support system in October 2020.

Key Companies in the Disposable Endoscope market include

• Boston Scientific Corporation
• FlexicareMedical Limited
• NeoScope, Inc.
• Otu Medical Inc.
• Cooper Surgical, Inc.
• Hill Rom Holdings
• hoya corporation
• karl storz endoscopy
• OLYMPUS
• Ambu AS

Disposable Endoscope Industry Developments

March 2022: Zsquare launched its single-use ENT endoscope after raising USD 15 million in a fundraising round led by private equity company Chartered Group.

In February 2022: In the United States, the 510(k) regulatory clearance was granted for the Ambu aScope Gastro and Ambu aBox 2. The aScope Gastro, Ambu's first sterile single-use gastroscope, combines state-of-the-art display and processing technology with new advanced imaging features.

Disposable Endoscope Market Segmentation Analysis

Disposable Endoscope Application Outlook

• Bronchoscopy
• Urologic Endoscopy
• ENT Endoscopy
• Arthroscopy
• Others

Disposable Endoscope End User Outlook

• Hospitals
• Diagnostic Centers
• Others

Disposable Endoscope Market Segment Insights

Disposable Endoscope Application Insights

The global Disposable Endoscope market segmentation, based on Application, includes bronchoscopy, urologic endoscopy, ENT endoscopy, arthroscopy, and others. In 2022, the bronchoscopy market segment held the greatest market share. This is explained by the rising incidence of respiratory and lung diseases and the widespread use of minimally invasive bronchoscopy techniques. Over 90% of COPD deaths take place in low- and middle-income countries, and according to the WHO, COPD is the third greatest cause of mortality worldwide. Additionally, the industry is expanding at an increasingly rapid rate due to rising single-use flexible bronchoscope usage and the strong preference of healthcare professionals for disposable bronchoscopes.

Disposable Endoscope End User Insights

The global Disposable Endoscope market segmentation, based on End User, includes hospitals, diagnostic centers, and others. In 2022, the hospitals sector accounted for a larger market share. The primary element driving segment demand is an increase in the number of hospitals providing endoscopic treatments. Additionally, advantages including easy access to hospitals and affordable services are promoting industry expansion. In addition, it is anticipated that government programmes to improve the healthcare system will accelerate segment growth in the years to come.

Disposable Endoscope Regional Insights

By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Disposable Endoscope Market dominated this market in 2022 (45.80%). This is due to the presence of a sizable number of market participants and the numerous strategic initiatives they have implemented. As the majority of players initially sought U.S. FDA approval to debut their product in the country, the U.S. is the largest market in North America. Another reason driving the region's rise is the growing awareness of single-use endoscopes' low cost and high per capita health spending. Furthermore, the region of North America has had strong growth as a result of its well-developed healthcare infrastructure, encouraging government initiatives, and optimal treatment coverage. Further, In the North American area, the U.S. Disposable Endoscope market had the biggest market share, while the Canada Disposable Endoscope market had the quickest rate of expansion.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe Disposable Endoscope market accounts for the significant market share. Healthcare workers in Europe are using disposable endoscopes more frequently as a result of growing awareness of their advantages. Further, In the European region, the German Disposable Endoscope market had the biggest market share, and the U.K. Disposable Endoscope market had the quickest rate of growth.

The Asia Pacific Disposable Endoscope market, is expected to register fastest growth from 2023 to 2032. This can be linked to the high prevalence of the target diseases, and the growth of the region is expected to gain traction due to the larger population pool. Due to the booming demand for medical equipment in the APAC area, the region's infrastructure for healthcare is developing, and market players are increasing their investments. Additionally, a bigger switch from reusable to disposable endoscopes in the region and an uptick in epidemiological factors hold tremendous promise for the expansion of the region. Moreover, In the Asia-Pacific region, the Indian Disposable Endoscope market had the quickest rate of growth while China's Disposable Endoscope market had the greatest market share.

Disposable Endoscope Marke Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Disposable Endoscope Marke Market valued?
• Which region has the largest share in 2023 for the global Disposable Endoscope Marke Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Disposable Endoscope Marke Market

• Historic year: 2018- 2021
• Base year: 2022
• Forecast: 2023 to 2032
• Representation of Market revenue in USD Million

Disposable Endoscope Marke Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: