Global Disposable Endoscopes Market by Application (Arthroscopy, GI Endoscopy, ENT Endoscopy, Bronchoscopy, Urologic Endoscopy) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global disposable endoscopes market was valued at USD1.3 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 16.9%) between 2021 and 2028. The market is driven by rising concerns about cross-contamination from the use of reusable endoscopes. A September 2020 article stated that one in twenty endoscopes may have a pathogen. Market growth is also being supported by increasing support from medical authorities regarding disposable or single-use endoscopes. A new pass code (C1748) was implemented in December 2020 for providers who use single-use duodenoscopes in hospitals or in ambulatory surgery center to treat Medicare patients in the U.S. Single-use duodenoscopes are an economically viable alternative to reusable ones.

The adoption of single-use, sterilized endoscopes has been on the rise during the COVID-19 pandemic. It reduces the risk of infection and increases safety. After studies that confirmed the existence of other hospital-acquired infection in COVID-19 patients, single-use devices were more popular. Pulmonology associations also recommended single-use bronchoscopy to prevent infection during the COVID-19 epidemic. This is expected to increase the market's growth potential.

Reusable endoscopes require massive capital expenditure. It must be reprocessed after each usage and repaired regularly. Disposable endoscopes are more cost-effective and can be repaired or cleaned quickly. Disposable endoscopes can be more cost-effective than reusable ones, which is driving market growth potential. A study published in 2019 Chest Journal found that hospitals that use reusable bronchoscopes spend 21% to 15% more for each instrument than those using disposable ones.

The disposable market is booming because of rapid technological advancements and investments made by endoscope manufacturers to develop new products. Olympus Corporation and Ruhof Corporation, for instance, introduced single-use procedures kits and hybrid tubing to endoscopes in November 2020. This partnership was designed to reduce the risk of infection. Omnivision also launched imaging subsystems in November 2020 that include camera modules, cables, and image signal processor board boards for disposable endoscopes.

Market impact of disposable COVID19 endoscopes: 27.2% rise in revenue

Ambu A/S launched Ambu aView 2 Advance in May 2020. This is a single-use display unit for endoscopes. Ambu aView2 Advance is a mobile platform that can be used with a variety of endoscopes, including bronchoscope, cystoscopes, and rhinolaryngoscopes. Market growth is supported by the development of components for disposable endoscopes and visualization systems.

To increase disposable endoscope adoption, key stakeholders are pursuing various strategies. Ambu, for example, has announced that it will launch 3 new disposable endoscopes, including the Ambu aScope Duodeno and colonoscope, in 2021. Zsquare, an Israeli endoscopy company, received USD 10,000,000 in February 2019 for the development MutliPly (a single-use endoscopic platform). It is a thin, flexible, single-use, high-resolution endoscope with high resolution that allows for easy diagnosis and access to unseen indications. Integrated Endoscopy, Inc. created a single-use archoscope in June 2015 to combat infection outbreaks due to arthroscopes.

Application Insights

Bronchoscopy dominated disposable endoscopes in 2020, with a 29.9% revenue share. This segment is driven by the large number of bronchoscopes available and the increasing prevalence of related disorders. According to the American Lung Association in 2018, there were 2.0 million cases of lung cancer worldwide. According to the World Health Organization (WHO), 65 million people worldwide had moderate to severe COPD in 2018, while 334 million were suffering asthma. Globally, severe illnesses and death include COPD, asthma and acute lower respiratory tract infections (AUTI), tuberculosis and lung cancer. Market growth is supported by the development of technologically advanced products. To prevent infection, Valtronic's disposable bronchoscope was launched in June 2019.

The segment of ENT endoscopy is expected to see significant growth during the forecast period. The segment's growth is due to the increasing use of disposable endoscopes by ENT specialists. This has the advantages of reducing cross-contamination and a reduction in cleaning and cost. The market potential is expected to be driven by the rising incidence of throat, ear, and nose infections. Segment growth is also being driven by technological advancement and subsequent product launches. 3NT Medical, for example, introduced the Colibri Micro ENT Scope in June 2020. This is a single-use ENT scope in the U.S.

End-use Insights

In 2020, the hospitals segment was the dominant market for disposable endoscopes. They accounted for 47.8% of the total revenue. This is due to favorable reimbursement policies and the large number of hospitals located in both developed and developing countries. The segment is also growing due to the widespread adoption of endoscopes within hospitals and the increasing number of operations performed in hospitals. The segment is also growing due to increased awareness about hospital-acquired infection from contaminated medical devices like endoscopes.

The clinics segment will see a significant increase in growth over the forecast period due to increased adoption of disposable endoscopes at clinics. This is because they are more cost-effective than reusable endoscopes. Clinics are seeing a rise in end-use due to the shorter time required for endoscopic procedures and faster recovery times. There is also a rising trend in same-day surgeries, which leads to cost savings, especially in developed countries.

Regional Insights

North America was the dominant market for disposable endoscopes in 2020, accounting for 42.1% of the total revenue. This can be attributed to North America's advanced infrastructure, high use of advanced technology and increasing awareness of minimally invasive surgery. Market growth is also supported by a growing geriatric population, increasing cancer prevalence, and other gastrointestinal disorders. According to the Centers for Disease Control and Prevention, 22.4 million Americans visited a physician for digestive system disorders in 2018. According to the National Cancer Institute data-sets 1,806,590 cases of new cancers were diagnosed in the U.S. in 2020. The market is also being driven by the large number of suppliers and manufacturers, as well as regulatory approvals for the usage of reusable endoscopes. Ambu aScope Cysto, for example, received 510k FDA clearance in April 2020.

The Asia Pacific market for disposable endoscopes will experience the fastest growth during the forecast period. Market growth is expected to be driven by the region's growing healthcare infrastructure and the absence of strict regulatory frameworks. This region is also expected to see growth opportunities due to increased awareness of the benefits of minimally invasive surgery over open surgeries, and an increase in chronic disease burden. Over half the world's population is from India and China. This provides a large patient pool as well as an elderly population in China. It is expected that this will drive the market over the forecast period.

Market Share Insights & Key Companies

To meet the increasing demand for disposable endoscopes, key companies are creating new products to compete in the market. For instance, in December 2019, Boston Scientific Corporation introduced EXALT Model D Single-Use Duodenoscope for ERCP (endoscopic retrograde cholangiopancreatography) procedures to cater to the growing demand for disposable endoscopes. The following are some of the major players in disposable endoscopes:

• Ambu A/S

• Prosurg Inc. (Neoscape, Inc.).

• AirStrip Technologies

• Boston Scientific Corporation

• Parburch Medical

• OBP Medical Corporation

• Welch Allyn (Hill-Rom Services Inc.)

• Allscripts Healthcare Solutions

• Flexicare Medical Limited

• Timesco Healthcare Ltd.

• Sunmed

Up Market Research published a new report titled “Disposable Endoscopes Market research report which is segmented by Application (Arthroscopy, GI Endoscopy, ENT Endoscopy, Bronchoscopy, Urologic Endoscopy), By Players/Companies OBP Medical Corporation, Boston Scientific Corporation, Prosurg Inc (Neoscape Inc), AirStrip Technologies, Timesco Healthcare Ltd, Parburch Medical, Allscripts Healthcare Solutions, Welch Allyn (Hill-Rom Services Inc), Sunmed, Ambu A/S, Flexicare Medical Limited”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Disposable Endoscopes Market Report Segments:

The market is segmented by Application (Arthroscopy, GI Endoscopy, ENT Endoscopy, Bronchoscopy, Urologic Endoscopy).

Disposable Endoscopes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Disposable Endoscopes Market

Overview of the regional outlook of the Disposable Endoscopes Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Disposable Endoscopes Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Disposable Endoscopes Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Arthroscopy

                2. GI Endoscopy

                3. ENT Endoscopy

                4. Bronchoscopy

                5. Urologic Endoscopy

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Disposable Endoscopes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Disposable Endoscopes Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.