Disposable Endoscopes Market

Global Disposable Endoscopes Market: Overview

One of the major factors likely to drive growth of the global disposable endoscopes market is the growing worry over cross-contamination caused by the use of reusable endoscopes. As per a September 2020 report, one out of every twenty endoscopes has a virus of concern. Furthermore, medical authorities are increasingly favoring the use of single-use or disposable endoscopes, which is likely to boost development of the global disposable endoscopes market. In the U.S., for example, a new pass-code (C1748) became effective in December 2020 for practitioners employing single-use duodenoscopes in ambulatory surgery centers and hospitals to treat Medicare patients. As a result, single-use duodenoscopes are a more cost-effective option than reusable duodenoscopes.

During the COVID-19 epidemic, the usage of sterile and single-use endoscopes is increasing fast since it removes the risk of infection as well as improves safety. After studies revealed that emergence of various hospital-acquired illnesses in current COVID-19 patients, the demand for single-use devices has surged. In addition to that, during the COVID-19 epidemic, pulmonology groups have suggested the use of single-use bronchoscopy for the purpose of infection prevention. As a result, the growth prospects of the global disposable endoscopes market is expected to improve over the forecast period, from 2018 to 2026.

Reusable endoscopes need a significant upfront investment. It must be reprocessed after each usage and fixed on a regular basis. Maintenance, cleaning, and repair costs are reduced using disposable endoscopes, and time is saved. Disposable endoscopes are less expensive than reusable endoscopes, which is likely to fuel expansion of the global disposable endoscopes market.

The market study examines the significant changes that have occurred in the healthcare business, as well as how those changes are likely to affect the global disposable endoscopes market in the years to come.

Global Disposable Endoscopes Market: Trends and Opportunities

Rise in the Prevalence of ENT Infections and Development of Advanced Technologies to Boost Market Demand

The global disposable endoscopes market is likely to be driven by rapid technological advancements and expenditures by endoscope makers in the development and launch of innovative products. To lessen infection concerns, Olympus Corporation joined hands with Ruhof Corporation in November 2020 to produce single-use procedure kits as well as hybrid tubing for endoscopes. Omnivision also announced imaging subsystems for disposable endoscopes in November 2020, comprising wires, camera modules, and image signal processing boards.

The ENT endoscopy segment, on the other hand, is predicted to rise significantly throughout the forecast period. This can be ascribed to ENT specialists' increasing acceptance of disposable endoscopes due to benefits such as reduced cleaning, cross-contamination, and servicing costs, which are likely to drive demand for ENT endoscopy in the market. Furthermore, the market potential is expected to be fueled by the rising occurrence of ear, nose, and throat problems. Furthermore, technical advancements and subsequent product introductions contribute to category expansion.

Global Disposable Endoscopes Market: Regional Outlook

The disposable endoscopes market is likely to be led by North America and the region is expected to account for a large portion of the market. Such growth of the regional market is due to the widespread acceptance of new technology, availability of well-developed infrastructure, and increased awareness of minimally invasive operations. Furthermore, market expansion is supported by swelling elderly population as well as an increase in the occurrence of cancer and gastrointestinal illnesses, amongst other things.

The market for disposable endoscopes in Asia Pacific is expected to develop at the rapid rate in the forthcoming years. The regional market is likely to be driven by developing healthcare infrastructure as well as the availability of less stringent regulatory frameworks. Furthermore, a rise in teh burden of chronic illness and increased knowledge about the benefits of minimally invasive treatments over open surgeries are likely to give development prospects in this region.

Global Disposable Endoscopes Market: Companies Mentioned in Report

Key players profiled in the global Disposable Endoscopes market comprise Boston Scientific Corporation, Allscripts Healthcare Solutions, Timesco Healthcare Ltd., OBP Medical Corporation, Flexicare Medical Limited, and Welch Allyn (Hill-Rom Services Inc.).

This report gives you access to decisive data such as:

• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for the coming years

Key highlights of this report

• Overview of key market forces propelling and restraining market growth
• Up-to-date analyses of market trends and technological improvements
• Pin-point analyses of market competition dynamics to offer you a competitive edge
• An analysis of strategies of major competitors
• An array of graphics and SWOT analysis of major industry segments
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Offers a clear understanding of the competitive landscape and key product segments