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Single Use/Disposable Endoscopy Market Detailed Study Mentioning Positive Growth | Top Players KARL STORZ, Ambu A/S, Hill Rom Holdings, etc
Single Use/Disposable Endoscopy Market
The global single use/disposable endoscopy market size is projected to reach USD 6.29 Billion at a steady CAGR of 21.1% in 2028, according to latest analysis by Emergen Research. Robust projected market revenue growth can be attributed to increasingly stringent government regulatory policies associated with patient safety and medical devices and Medicare, and increasing preference for single-use endoscopy for diagnosis of various diseases and conditions and increasing number of patients requiring treatment.
Endoscopy is used in the diagnosis of diseases such as Gastro Esophageal Reflux Disease (GERD), orthopedic diseases, gastrointestinal conditions, and cancer.
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Increasing investment by major companies to develop new technologies such as capsule endoscopes, duodenoscopes, choledochoscopes, and echoendoscopes is expected to support revenue growth of market going ahead. Global market revenue growth is also driven by rising concerns related to risks associated with use of reusable tools and potential cross contamination.
The global Single Use/Disposable Endoscopy market is anticipated to deliver a steady CAGR of 21.1% over the next 8 years to reach a valuation of USD 6.29 Billion in 2028 from USD 1.53 Billion in 2020, according to the extensive analysis carried out by our analysts.
The leading companies of the Single Use/Disposable Endoscopy industry are expected to grow at a significant rate as increasing demand for the products of the Single Use/Disposable Endoscopy industry is being observed.
The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Single Use/Disposable Endoscopy industry.
Top Key Participants Of the Single Use/Disposable Endoscopy Industry Research By Emerge Research: Boston Scientific Corporation, Inc., KARL STORZ, Ambu A/S, Hill Rom Holdings, OBP Medical Corporation, Hoya Corporation, Richard Wolf GmbH, Cook Medical, Flexicare Medical Ltd., and Medtronic.
Some Key Highlights From the Report:
In September 2020, leading global developer of single-use, self-contained, medical devices announced launch of ONETRAC LXD, which is an innovative patent-pending dual-blade LED circuitry that enables instant transition between LEDs on either blade with press button.
Bronchoscopy segment revenue is expected to register a rapid CAGR during the forecast period due to steady increase in number of cases of respiratory infection caused by reusable bronchoscopy and increasing demand for single-use bronchoscopy in the healthcare industry.
Hospital segment accounted for largest revenue share in the single-use/disposable endoscopy market in 2020, driven by higher preference for disposable endoscopy tools due to no maintenance cost and low risk for patients.
North America accounted for largest revenue share contribution to the global single-use/ disposable endoscopy market in 2020. Factor such as increase in prevalence of infectious diseases and complexities of using reusable endoscopy are driving demand for single-use endoscopy tools in countries in the region.
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Major Geographies Analyzed in the Single Use/Disposable Endoscopy Market Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The pandemic has significantly affected the lives and markets worldwide and has caused disruptions in the business sphere. The report encompasses the effects of the coronavirus pandemic on the Single Use/Disposable Endoscopy market along with impacts on the key segments of the industry. The report also offers an idea of the current scenario along with an impact assessment for the coming years.
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For the purpose of this report, Emergen Research has segmented the global single use/disposable endoscopy market on the basis of product, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
Endoscope
Visualization Systems
Endoscopic Ultrasound
Insufflator
Application Outlook (Revenue, USD Billion; 2018–2028)
Bronchoscopy
Urologic Endoscopy
Arthroscopy
GI Endoscopy
ENT Endoscopy
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Hospitals
Healthcare Centers
Clinics
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Key Question You Are Ask For??
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by the players in the market?
What are the technological developments and product advancements occurring in the market?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
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Conclusion Of the Report:
To conclude everything stated above, the report offers a panoramic view of the Single Use/Disposable Endoscopy market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Single Use/Disposable Endoscopy industry to forecast the same evaluations until 2027. It also studies and analyzes the different growth prospects and opportunities, along with threats that the players might face in the Global Single Use/Disposable Endoscopy Market.
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Brose Some Related Reports for Single Use/Disposable Endoscopy market By Emergen Research:
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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