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.
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. In addition, requirement of skilled labor to operate and use reusable endoscopy equipment and tools and associated maintenance costs are factors driving preference for more technologically advanced single-use endoscopes such as in bronchoscopes with LED light source and CMOS image sensor.
The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Some Key Highlights From the Report
In February 2021, Ambu A/S, which is the world’s largest supplier of single-use endoscopes, announced to grant national single-use endoscopy contract expansions with two U.S. Group Purchasing Organization (GPOs); one with Ambu’s aScope, 4 Cysto, and another with Ambu’s aScope, Duodeno. The agreement strengthens Ambu’s position in disposable bronchoscopes, cystoscopes, and duodenoscopes during the contract period.
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.
Major companies in the market include 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.
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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
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The report segments the Single Use/Disposable Endoscopy market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Single Use/Disposable Endoscopy Market Segmentation & Impact Analysis
4.1. Single Use/Disposable Endoscopy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Stringent environmental regulations
4.2.2.2. Rising need to reduce bacterial or algal contamination in water systems
4.2.2.3. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating prices of raw material
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Single Use/Disposable Endoscopy Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Single Use/Disposable Endoscopy Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Single Use/Disposable Endoscopy Market Regional Outlook
Chapter 8. Competitive Landscape
Continued…
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Contact Us:
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Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkdIn | Twitter | Blogs