Press release
Global Disposable Endoscopes Market Size was valued at US$ 1.65 billion in 2021, and it is expected to reach a value of US$ 4.69 billion by 2028, at a CAGR of 16.1% over the forecast period (2022 - 2028).
According to the latest research by SkyQuest Technology, the Global Disposable Endoscopes Market Size was valued at US$ 1.65 billion in 2021, and it is expected to reach a value of US$ 4.69 billion by 2028, at a CAGR of 16.1% over the forecast period (2022 - 2028). The research provides up-to-date Disposable Endoscopes market analysis of the current market landscape, latest trends, drivers, and overall market environment.The growing cross-contamination issue with reusable endoscopes is one of the major factors expected to drive market expansion. According to Mr. Brian Dunkin, MD, CMO of Boston Scientific Endoscopy, one out of every twenty patients will have a pathogen contamination concern in 2021. Additionally, it is expected that the use of disposable endoscopes would increase as a result of the extensive, time-consuming sterilising processes required to clean the reusable endoscopes of all infections.
For instance, according to Boston Scientific, cleaning endoscopes during ERCP procedures requires over 100 manual processes and is prone to error. The market is growing as single-use or disposable endoscopic equipment become more and more popular among medical practitioners. The Centers for Medicare & Medicaid Services (CMS) 2021 has developed a new device passcode for single-use endoscopes. In order to charge Medicare for the use of single-use duodenoscopes, hospitals and ambulatory surgery centres (ASCs) in the United States utilise this code. The spread of COVID-19 has a marginally negative effect on the expansion of the market for disposable endoscopes. Additionally, the COVID-19 pandemic's decrease in surgical procedures made it difficult for the device to gain traction. The COVID-19 pandemic also led to a rise in the use of single-use devices due to the shortage of medical staff that resulted from the enhanced infection risks associated with cleaning endoscopes. For instance, a study that appeared in the Journal of Bronchology & Interventional Pulmonology in 2021 discovered that approximately 20% of healthcare professionals in Italy and 11% of healthcare professionals in the US both had COVID-19.
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Read the market research report, "The Global Disposable Endoscopes Market is segmented based on Application, End Use, and Region. Based on Application the market is further sub-segmented into Bronchoscopy, and ENT Endoscopy. Based on End Use the market is further sub-segmented into Hospitals, Clinics, & By Region - Forecast and Analysis 2022-2028" by SkyQuest
However, it is expected that COVID-19 will progressively disappear due to its safety and the elimination of infection hazards, expanding the market for single-use endoscopes. Furthermore, single-use devices are more cost-effective than reusable ones, which is predicted to drive market growth. For instance, statistics from the Association of Anesthetics published in November 2021 show that the average cost per patient for reusable flexible bronchoscopes is £511.00 with an associated infection risk of 2.8%. Flexible bronchoscopes intended for single use are expected to cost patients on average £220.00 and pose no infection risk. A study published in the Chest Journal in 2021 revealed a similar trend, with hospitals spending between 21 and 155% more per instrument on reusable bronchoscopes than on disposable endoscopes. Thus, market expansion is expected to be fueled by cost-effectiveness, less danger of cross-contamination, and reduced resource use during the next years. The rapid advancement of technology and rising investments by key manufacturers in the development of innovative new products are expected to drive market expansion. For instance, in May 2021, Ambu A/S, a manufacturer of single-use endoscopes, unveiled the Ambu aView 2 Advance display for endoscopes.
The report published by SkyQuest Technology Consulting provides in depth qualitative insights, historical data, and verifiable projections about Global Disposable Endoscopes Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Findings
● Drivers- Combining and fusing different imaging and visualization techniques, such as computed tomography and magnetic resonance imaging with endoscopic images, connecting and integrating medical devices in the operating room, and fusing endoscopic visualization with tools, lasers, and other devices and technologies, will lead to further advancements in this field.
.
● Restraint- Disposable endoscopes are more expensive than reusable endoscopes. The cost of surgery is also very high, and it is directly correlated with both the overall volume of procedures carried out and the incidence of chronic illnesses like cancer and diabetes. As a result, the market for disposable endoscopes is expected to expand gradually over the course of the projected period.
What does this Report Deliver?
● Market Estimation for 20+ Countries
● Global Disposable Endoscopes Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional, and Country-specific Disposable Endoscopes Market Trends
● Comprehensive Mapping of Disposable Endoscopes Market Parameters
● Attractive Investment Proposition in the Global Disposable Endoscopes Market
● Competitive Strategies Adopted by Global Disposable Endoscopes Market Key Players
● Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Disposable Endoscopes Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Global Disposable Endoscopes Market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities, and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Global Disposable Endoscopes Market Sales
● Parent market analysis
● Product portfolio benchmarking
Speak with our analyst for more information:
https://skyquestt.com/speak-with-analyst/disposable-endoscopes-market
SkyQuest has segmented the Global Disposable Endoscopes market based on Application, End Use, and Region:
● Global Disposable Endoscopes market by Application Outlook (Revenue, US$ million, 2021 - 2028)
o Bronchoscopy
o Urologic endoscopy
o Arthroscopy
o GI endoscopy
o ENT endoscopy
o Others
● Global Disposable Endoscopes market by End-use Outlook (Revenue, US$ million, 2021 - 2028)
o Hospitals
o Clinics
o Diagnostics Centers
● Global Disposable Endoscopes market by Regional Outlook (Revenue, US$ million, 2021 - 2028)
o North America
▪ US
▪ Canada
▪ Mexico
o Europe
▪ Germany
▪ The UK
▪ France
o The Asia Pacific
▪ China
▪ Japan
▪ India
o South America
▪ Brazil
o The Middle East and Africa
Key Players in the Global Disposable Endoscopes market
• Ambu A/S(Denmark)
• Prosurg Inc. (Neoscape, Inc.)(US)
• AirStrip Technologies(US)
• Boston Scientific Corp.(US)
• Parburch Medical(UK)
• OBP Medical Corp.(US)
• Welch Allyn (Hill-Rom Services Inc.)(China)
• Allscripts Healthcare Solutions(US)
• Flexicare Medical Ltd.(US)
• Timesco Healthcare Ltd.(UK)
• Sunmed(US)
Address:
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Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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