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The disposable endoscope market size is estimated to grow at a CAGR of 15.9% between 2022 and 2027. The disposable endoscope market size is forecast to increase by USD 1,523.59 million. The growth of the market depends on several factors, including the rise in prevalence of gastrointestinal diseases, the launch of new products, and the rise in awareness of minimally invasive surgeries.
This disposable endoscope market report extensively covers market segmentation by end-user (hospitals and clinics), application (bronchoscopy, urologic endoscopy, GI endoscopy, ent endoscopy, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rise in the prevalence of gastrointestinal diseases is notably driving the market growth, although factors such as an increase in medical waste may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in the prevalence of gastrointestinal diseases is the key factor driving the growth of the global disposable endoscope market. The market for disposable endoscopes is growing rapidly due to the increasing prevalence of gastrointestinal diseases worldwide. The increasing adoption of disposable endoscopes in gastrointestinal procedures is driven by several factors, including the growing demand for minimally invasive procedures, increasing nosocomial infections, and the rising prevalence of gastrointestinal diseases. Gastrointestinal diseases such as colorectal cancer, inflammatory bowel disease, and gastroesophageal reflux disease (GERD) are becoming increasingly common worldwide. The increasing incidence of these gastrointestinal diseases is driving the demand for disposable endoscopes used in diagnostic and therapeutic medical procedures.
In addition, the increase in the prevalence of gastrointestinal diseases and an increase in approvals for new types of disposable endoscopes are the major factors propelling the market growth. For instance, GLOBOCAN, a global cancer observatory, reported that the incidence of stomach cancer was 1,089,103 in 2020. This figure is expected to rise to 1,810,870 worldwide by 2040. Therefore, the rise in the prevalence of stomach cancer is expected to drive sales of disposable endoscopes for early cancer diagnosis. Therefore, the rise in the prevalence of gastrointestinal diseases is expected to drive the growth of the market during the forecast period.
The global disposable endoscope market is driven by increasing regulatory approvals from health authorities around the world. Regulatory approval plays an important role in the adoption and acceptance of disposable endoscopes by healthcare providers and patients. For instance, in addition, in December 2020, the European Commission granted the CE Mark approval for Ambu A/Ss disposable colonoscope, which is used to screen for colorectal cancer. This approval is expected to increase the adoption of disposable endoscopes in Europe, as colorectal cancer is one of the leading causes of cancer-related deaths in the region.
In summary, regulatory approval will increase the adoption and acceptance of disposable endoscopes among healthcare providers and patients, foster innovation and development, and improve patient outcomes, thereby contributing to the global disposable endoscope industry. Promotes market growth. Therefore, an increase in the number of regulatory approvals is expected to boost the growth of the market during the forecast period.
The increase in medical waste is a major challenge to the growth of the global disposable endoscope market. The market is facing a major challenge due to the increasing amount of medical waste generated using disposable medical devices including disposable endoscopes. Growing concerns over the negative impact of medical waste on the environment and the need to reduce its volume have driven a shift toward the adoption of reusable medical devices, negatively impacting demand for single-use endoscopes. Another important factor is the cost-effectiveness of reusable endoscopes.
While disposable endoscopes may seem more convenient due to their single-use nature, reusable endoscopes are often more cost-effective in the long run. In conclusion, the increase in medical waste generated by disposable endoscopes is a significant challenge for the market. As the world becomes more environmentally conscious, there is a growing demand for reusable medical devices, which is impacting the demand for disposable endoscopes, and may hamper the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Disposable Endoscope Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acteon Group Ltd.: The company offers disposable endoscope for ENT areas. Also, the company offers foundations, moorings, marine electronics and instrumentation, flow lines, offshore risers, conductors for shallow, and deepwater applications.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the hospitals segment will be significant during the forecast period. The hospitals segment was the largest revenue contributor to the market in 2022. Hospitals are healthcare facilities where many patients seek treatment every day. Hence, they are better equipped in terms of advanced facilities and integrated operating rooms to cater to the growing needs of both physicians and patients. With their sophisticated infrastructure and facilities, hospitals can diagnose and monitor the treatment of various diseases and conditions.
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The hospitals segment was valued at USD 790.37 million in 2017 and continue to grow by 2021. Increasing operating room volume has a positive effect on the market share of the hospital segment. Disposable endoscopes are widely used in hospitals every day, driving growth in the segment as the number of people with chronic diseases increases. Also, the shift toward minimally invasive surgeries and an increase in the adoption of electrosurgical devices have, therefore, created a demand for disposable endoscopes that can be used safely and effectively during electrosurgery. Surgeons use disposable endoscopes with a variety of coatings and materials. Owing to the rise in the target population that requires surgeries to treat a broad range of acute and chronic diseases, there will be a steady increase in demand for disposable endoscopes in hospitals, which, in turn, will enhance the growth of the market in focus during the forecast period.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America held the largest market share during the 2022 forecast period due to rising infection rates from contaminated endoscopes in hospitals. Also, the increasing frequency of nosocomial infections in the region has led to an increase in the use of disposable endoscopes. In addition, increasing numbers of US FDA approvals and approvals of new products, improving technology, rising medical costs, and the presence of an established medical infrastructure all contribute to the growth of the overall regional market.
The outbreak of COVID-19 negatively impacted the growth of the regional disposable endoscope market in 2020. However, in 2021, due to the implementation of large-scale COVID-19 vaccination drives, several business and industrial activities resumed, such as the manufacturing of disposable endoscopes. All hospitals and clinics resumed surgery and other procedures with proper safety and precautions. Furthermore, the increasing prevalence of cancer and gastrointestinal disorders and the growing geriatric population are expected to boost the growth of the regional disposable endoscope market during the forecast period.
The disposable endoscope market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global disposable endoscope market as a part of the global healthcare equipment market. The parent global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Disposable Endoscope Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.9% |
Market growth 2023-2027 |
USD 1,523.59 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
14.37 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acteon Group Ltd., Ambu AS, Boston Scientific Corp., Coloplast Corp., Endoso Life, Flexicare Group Ltd., Hill Rom Holdings Inc., KARL STORZ SE and Co. KG, Medtronic Plc, Olympus Corp., Parburch Medical Developments Ltd., STERIS Plc, SunMed, TE Connectivity Ltd., The Cooper Companies Inc., and Timesco Healthcare Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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