GLOBAL DISPOSABLE ENDOSCOPE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global disposable endoscope market size is expected to reach US$ 3,146.5 Mn by 2030, from US$ 938.1 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 18.9% during the forecast period.

Disposable endoscopes are single-use medical devices that allow examination of internal organs like the esophagus, stomach, lungs, urinary tract or colon.

Global Disposable Endoscope Market Regional Insights:

• North America is expected to be hold first-largest market share in global disposable endoscope market over the forecast period due to the presence of major players and advanced healthcare infrastructure in the region. The U.S. accounts for the largest share of the North America market due to factors such as the high healthcare expenditure and well-developed healthcare infrastructure in countries like U.S. and Canada. Growing healthcare expenditure in the region supports frequent product upgrades. With the current emphasis on infection control in hospitals, demand for disposable endoscopes is increasing as they reduce risks of cross-contamination. Stringent regulations regarding reprocessing of reusable devices also favor the adoption of single-use alternatives.
• Europe region is expected to hold second largest market for the global disposable endoscope market during the forecast period. Increasing healthcare expenditures have boosted market opportunities. Increasing prevalence of hospital acquired infections, growing geriatric population, high demand for minimally invasive procedures and others are key factor propelling the market growth in Europe.
• The Asia Pacific market is expected to be hold third-largest market share for global disposable endoscope market during the forecast period. The growth of the market in Asia Pacific is due to the large target population, improving healthcare infrastructure and China and India specifically have high growth potentials. Rising healthcare expenditure coupled with the expansion of private healthcare facilities boosts the uptake of modern endoscopy equipment. As Asian nations aim to reduce their treatment costs, they find disposable devices more cost-effective over reusable variants in the long run. Local manufacturing of low-cost disposable endoscopes also attracts customers in price-sensitive markets. Furthermore, the growing medical tourism industry in Asia Pacific generates higher demand from international patients.

Figure 1. Global Disposable Endoscope Market Share (%), By Region, 2023

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Global Disposable Endoscope Market- Analyst View:

Global disposable endoscopes market has strong growth potential driven by the increasing demand for minimally invasive endoscopic procedures. Endoscopy is amongst the most common diagnostic and surgical procedures performed globally. The need for reprocessing reusable endoscopes poses challenges such as instrument damage, risk of disease transmission, and increased turnaround time between cases. Disposable endoscopes help eliminate the reprocessing step and provide improved infection control. They also allow for more efficient management of catheterization lab schedules. These advantages are prompting more hospitals and surgical centers to adopt single-use endoscopes.

The North America region dominates the market due to favorable reimbursement scenarios and growing awareness about hospital acquired infections. Moreover, the presence of major players in the U.S. is augmenting the regional market growth. The Asia Pacific region is expected to be the fastest-growing market during the forecast period. This is due to rising medical tourism, increasing healthcare expenditure, and growing focus of international players to tap the opportunities in developing nations.

However, pricing pressures resulting from bundled payment models may hamper the disposable endoscopes market growth. Additional reluctance among physicians to shift from conventional reusable variants is also acting as a minor restraint.

Global Disposable Endoscope Market Drivers:

• Rapid technological advancements in disposable endoscopes: Increase in technological advancement in disposable endoscopes is expected to drive the global disposable endoscopes market growth over the forecast period. The key market players are involved in offering technological advanced endoscopes. For instance, Ambu A/S, a Denmark based medical device company, offers Ambu aScope, a single-use endoscopes for pulmonary and gastrointestinal (GI) use. The company also offers Ambu aBox 2, a next-generation display with advanced processing technology, which offers high quality images during endoscopic procedures. In addition to its advanced technology, this endoscopic system offered by Ambu A/S has several advantages such as portability and cost-effectiveness. Moreover, these endoscopes are sterile which prevents the risk of cross-contamination and is useful in case of vulnerable patients, such as geriatric patients, pediatrics patients, and others.
• Increase in the number of surgeries performed per year: Increase in the number of surgeries performed each year is expected to increase the demand for endoscopes, which is expected to drive the market growth over the forecast period. For instance, according to an article published by the Journal of the American Medical Association, an open access scientific journal, in December 2021, more than 13 Mn surgeries were performed from January 1, 2019 to January 30, 2021, in the U.S.

Global Disposable Endoscope Market Opportunities:

• Increasing partnership among key market players for distribution of single-use endoscopes: Market players are engaged in inorganic strategies such as partnership for distribution of endoscopes in untapped regions, which is expected to create growth opportunities for the market in future. For instance, in September 2021, EvoEndo, Inc., a medical device company, announced that it had entered into partnership with Micro-Tech Endoscopy U.S., Inc., a medical technology company, in which the Micro-Tech Endoscopy U.S., Inc. gets the distribution rights for EvoEndo Single-Use Endoscopy System in the U.S.
• Emerging economies: Emerging economies present a great opportunity for growth in the global disposable endoscope market. These economies have large and young populations with increasing spending power. With improving access to healthcare due to economic development, there is a growing demand for advanced medical technologies. Disposable endoscopes offer significant advantages over reusable endoscopes that are highly attractive for healthcare systems in emerging nations. Disposable endoscopes eliminate the need for expensive sterilization procedures and equipment required for cleaning reusable endoscopes. This can significantly reduce operational costs for hospitals and clinics. They also decrease infection risks as each endoscope is used only for a single patient, which is a major concern in regions with limited sterilization infrastructure and capability. Adoption of disposable endoscopes is rising in emerging countries as they provide a more viable solution to expand endoscopy services and meet the healthcare needs of growing populations.

Global Disposable Endoscope Market Trends:

• Shift from flexible to capsule endoscopes: Global disposable endoscope market is undergoing a significant transition from conventional flexible endoscopes to capsule endoscopes. Capsule endoscopes offer various advantages over traditional endoscopy such as being painless; require no sedation and allowing examination of parts of gastrointestinal tract that are not generally accessible during conventional endoscopy. These advantages have led to increased adoption of capsule endoscopes among healthcare providers as well as patients. Capsule endoscopes are easy to use, as patients simply swallow the capsule, which is tiny in size and equipped with a camera, light, and batteries. The camera captures about 50,000-60,000 images as the capsule passes through the gastrointestinal tract naturally. These images are transmitted wirelessly to a recorder and data storage device that is worn by the patient, thus allowing doctors to thoroughly examine the lining of GI tract for any abnormalities or issues. Unlike conventional endoscopy, capsule endoscopy does not require inflation of bowel or insertion of endoscope tubes hence it is non-invasive and comfortable for patients. This has particularly increased its acceptance among elderly population and pediatric patients.
• Collaboration between key market players: Market players are focused on the adoption of various inorganic growth strategies such as collaboration and others, which is expected to drive the growth of the market over the forecast period. For instance, in November 2022, Scivita Medical Technology Co., Ltd., a medical device manufacturing company, announced that it had collaborated with FUJIFILM Europe B.V., a healthcare product manufacturing company, where FUJIFILM Europe B.V. had granted an exclusive rights for distribution and sales of Scivita Medical Technology Co., Ltd.’s single-use broncho videoscopes in some major countries throughout Europe such as the U.K., Germany, and others

Global Disposable Endoscope Market Restraints:

• High cost of disposable endoscope: The high cost of disposable endoscopes is a major factor restraining the growth of the global disposable endoscope market. Endoscopy procedures are an important part of modern healthcare as they enable non-invasive diagnosis and treatment of various medical conditions. However, the high costs that are associated with disposable endoscopes limit their widespread adoption, especially in price-sensitive developing markets. Disposable endoscopes are designed for single-use to prevent cross-contamination between patients. This makes them more expensive than traditional reusable fiber optic endoscopes that can be sterilized and used multiple times. The additional costs of manufacturing single-use instruments and stringent regulatory approval processes for medical devices further increase the prices.
• Increase in product recall: Increasing product recall by regulatory authorities such as the U.S. FDA (Food and Drug Administration) and others is expected to hinder the market growth over the forecast period. For instance, on February 13, 2023, the U.S. Food and Drug Administration announced the recall of EVIS EXERA III Colonovideoscope, endoscopy designed for surgery within the lower digestive tract, manufactured by Olympus America, a subsidiary of Olympus Corporation, due to risk of infection. To counterbalance this challenge, the manufacturing companies are expected to standardize the manufacturing and production processes of the endoscope devices to ensure product quality and stability.

Recent Developments:

New Product Launches & Approval:

• In September 2022, Olympus Corporation, a Japan-based medical devices manufacturer, launched VISERA ELITE III, a surgical visualization platform that is useful for endoscopic procedures. This new platform is useful in endoscopic procedure such as laparoscopic colectomy, laparoscopic cholecystectomy, and others.
• In April 2021, Olympus Corporation, a Japan-based medical devices manufacturer, launched a line of five endoscopes for use in diagnostic and therapeutic procedures. This new endoscopes will expand the company’s 510(k)-cleared H-SteriScope single-use bronchoscopes portfolio.

Figure 2. Global Disposable Endoscope Market Share (%), By Type, 2023

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Top Companies in Disposable Endoscope Market:

• Ambu A/S
• Prosurg Inc.
• CooperSurgical, Inc.
• EndoVentions Medical, Inc.
• Boston Scientific Corporation
• Parburch Medical
• OBP Medical Corporation
• Welch Allyn
• Flexicare Medical Limited
• UVision360
• Jiyuan Medical
• NeoScope, Inc.

Definition: Disposable endoscopes are medical devices that are designed for one-time use to observe the interior of a body canal or hollow organ. Their primary advantage is that they eliminate the risk of cross-contamination between patients and reduce the time and costs associated with the sterilization of traditional reusable endoscopes.