Disposable Endoscope Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Australia, South Korea, Brazil, Mexico, Saudi Arabia, South Africa, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI3059
Disposable Endoscope Market size is projected to experience significant growth from 2018 to 2024.
Increasing incidents of nosocomial infections due to excessive use of reprocessed endoscope having contaminations. Also, reprocessing of endoscopes involves cleaning and disinfection of the endoscopes that is a tedious process. Also, microbial infection prevails in the endoscopes after reprocessing. For instance, according to, American journal of infection control, in U.S., 71% of reprocessed endoscopes are found with microbial contamination that increases preference for disposable endoscopes over the reprocessed endoscopes augmenting the disposable endoscope industry growth during forecast period.
Increasing approvals from regulatory bodies is another factor that will drive the disposable endoscope market. For instance, FDA has recently approved two new disposable endoscopes offering sterile endoscopy treatment manufactured by Invendo medical company acquired by Ambu. Increasing concern of regulatory bodies regarding patient safety has helped in improving quality of disposable endoscopes reducing the number of infections. This scenario has proved beneficial for industry growth. However, high costs of disposable endoscopes will hamper the industry growth in forthcoming years to some extent.
Bronchoscopy segment is projected to show significant growth throughout analysis period. Increasing number of respiratory infections worldwide is a key factor that increases the demand for disposable endoscopes. According to World Health Organization (WHO), in 2016, lung cancer caused around 1.7 million deaths worldwide. Growing availability of disposable endoscopes for efficient treatment of respiratory diseases will surge segmental revenue size in foreseeable future.
Hospitals segment accounted for considerable revenue share and it is anticipated to grow significantly over the analysis period. Preference for disposable endoscopes is high as compared to the reprocessed endoscopes in the hospitals. Furthermore, the technological advancements integrated within the disposable endoscopes offering accurate diagnosis will increases its adoption in hospitals augmenting the segmental growth.
U.S. disposable endoscope market held considerable revenue share and industry growth is attributable to high incidence of cancer and chronic diseases. According to National cancer institute, in 2018 more than 1.7 million new cases of cancer are diagnosed in U.S. and growing incidences of cancer will increase the demand of disposable endoscopes. Moreover, availability of technologically advanced disposable endoscopes in the country coupled with favorable regulatory scenario will further enhance the U.S disposable endoscope market growth in forthcoming years.
Indian disposable endoscope market is expected to be an emerging and fastest growing market. Rising geriatric population will prove beneficial for the industry growth. Geriatric population is prone to infectious diseases that will positively influence the demand for disposable endoscopes. Also, availability of favorable reimbursement for endoscopy procedures will resolve the affordability issues and drive industry growth.
Some of the key players operating in disposable endoscope market include Boston Scientific, Covidien, EndoChoice, Fujifilm Holdings Corporation, Olympus, Ambu A/S, Richard Wolf Gmbh, Karl Storz, Pentax Medical Company, Wohler, Medela, PFE medical. Industry players focus on mergers, acquisition and innovative product to sustain market competition. For instance, in January 2018 Olympus has announced distribution agreement with Ruhof for disposable endoscopes. This strategy will boost company’s revenue.
Disposable Endoscope market by application, 2013-2024 (USD Million)
- Urologic endoscopy
- GI endoscopy
Disposable Endoscope market by end use, 2013-2024 (USD Million)
- Diagnostic centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Boston Scientific
- Fujifilm Holdings Corporation
- Ambu A/S
- Richard Wolf Gmbh
- Karl Storz
- Pentax Medical Company
- PFE medical
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