Market Research Future (MRFR) has published on the “Global Disposable Endoscope Market”
The global Disposable Endoscope Market is accounted to register a CAGR of 18.20% during the forecast period and is estimated to reach USD 8.6 Billion by 2032.
The primary market factors boosting market expansion include rising patient demand for less invasive procedures and rising demand for single-use endoscopes to lower the risk of device-related infection. The growing need for single use endoscopes to lower the risk of infection associated to the device is one of the key drivers driving the global market. The market is also being boosted by rising patient demand for minimally invasive procedures, a supportive regulatory environment, and favorable reimbursement practices in developed countries.
MRFR recognizes the following companies as the key players in the global Disposable Endoscope market— Boston Scientific Corporation, FlexicareMedical Limited, NeoScope, Inc., Otu Medical Inc., Cooper Surgical, Inc., Hill Rom Holdings, hoya corporation, karl storz endoscopy, OLYMPUS, and Ambu AS
The global disposable endoscope market has been segmented based application, and end user.
On the basis of application, the market is segmented into bronchoscopy, urologic endoscopy, ENT endoscopy, arthroscopy, and others. The market segment for bronchoscopy had the most market share in 2022. The prevalence of minimally invasive bronchoscopy procedures and the increased incidence of respiratory and lung disorders provide an explanation for this.
Based on end user, the global disposable endoscope market has been segmented into hospitals, diagnostic centers, and others. The hospitals category had a greater market share in 2022. An growth in hospitals offering endoscopic procedures is the main factor influencing sector demand.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Disposable Endoscope Market Research Report
The global Disposable Endoscope market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Disposable Endoscope market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Disposable Endoscope market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Disposable Endoscope market comprises of Middle East, Africa, and Latin America.
The largest market share for Disposable Endoscope was maintained by the North American regional sector. This is because there are many market participants present, and they have all undertaken several strategic efforts. The U.S. is the largest market in North America, and the majority of players initially sought FDA permission before launching their products there.
Moreover, the Europe market has been persistently growing over the forecast period. As the benefits of disposable endoscopes become more widely known, healthcare personnel in Europe are employing them more regularly.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. This is related to the high prevalence of the targeted diseases, and it is anticipated that the region will continue to increase as a result of the greater population base. The APAC region's infrastructure for healthcare is growing, and market players are expanding their investments as a result of the region's booming need for medical equipment.
Furthermore, the rest of the world's Disposable Endoscope market is divided into the Middle East, Africa, and Latin America. The demand for disposable endoscopes is driven by factors such as the need for cost-effective and hygienic solutions, the rise in minimally invasive procedures, and advancements in healthcare infrastructure. Countries like Brazil, Mexico, Saudi Arabia, and the United Arab Emirates are witnessing increasing adoption of disposable endoscopes in their healthcare systems.
Key Findings of the Study
- The global Disposable Endoscope market is expected to reach USD 8.6 Billion by 2032, at a CAGR of 18.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the high prevalence of the targeted diseases, and it is anticipated that the region will continue to increase as a result of the greater population base
- Based on end user, the hospital segment was attributed to holding the largest market in 2022, with an approximate market share of 51.47%.
- Boston Scientific Corporation, FlexicareMedical Limited, NeoScope, Inc., Otu Medical Inc., Cooper Surgical, Inc., Hill Rom Holdings, hoya corporation, karl storz endoscopy, OLYMPUS, and Ambu AS