August 2024
The global disposable endoscopes Market size was USD 2 billion in 2023, estimated at USD 2.34 billion in 2024 and is anticipated to reach around USD 10.82 billion by 2034, expanding at a CAGR of 16.55% from 2024 to 2034.
The global disposable endoscopes market size accounted for USD 2.34 billion in 2024 and is predicted to reach around USD 10.82 billion by 2034, growing at a CAGR of 16.95% from 2024 to 2034. The North America disposable endoscopes market size reached USD 880 million in 2023.
The U.S. disposable endoscopes market size was valued at USD 620 million in 2023 and is expected to reach USD 3,360 million by 2034, growing at a CAGR of 16.65% from 2024 to 2034.
In 2023, North America accounted for the largest revenue chunk 44% and the region is anticipated to continue its dominance over the projection period as the region is extremely active towards the adoption of innovative products. Furthermore, increased incidence of chronic diseases and the incidence of a massive target population base is the key parameter augmenting demand for disposable endoscopes in the region. Growing awareness about cost-efficient disposable endoscopes and high per capita healthcare expenditure are the other factors responsible for the growth of the North America disposable endoscopes market.
However, the European region is projected to be the second fastest-growing market for disposable endoscopes. The rising awareness regarding the benefits of disposable endoscopes is leading to greater adoption among healthcare professionals in the Europe region. The Asia Pacific region is expected to witness the fastest growth in the global disposable endoscopes market over the forecast period. Growing nosocomial infections, a rising number of product approvals, and a lack of proper reprocessing procedures are pouring the regional growth. In Latin America, and the Middle East and Africa, the need for disposable endoscopes is anticipated to remain moderate during the projection period. This is because of the economic prices of disposable endoscopy.
Continuous growth of disposable endoscopes market is primarily driven by growing hospital investments in endoscopy facilities, rising demand for endoscopy owing to the rising prevalence of target diseases, and technological advancements in endoscopy. Different advantages proposed by this type of endoscopes including low cost of maintenance, cleaning, and storage of the single-use endoscopes are boosting the product demand. Moreover, the escalating apprehension of regulatory bodies for patient protection has facilitated in refining the excellence of disposable endoscopes thereby decreasing the amount of infections. This scenario has witnessed advantageous for industry growth. Also, the increasing prevalence of target diseases is also anticipated to drive product demand.
Rising incidences of Hospital-acquired Infections (HAI) owing to the usage of contaminated endoscopes is one of the most fundamental factors attributed to the growth of the market. Furthermore, additional influence that will propel the sale of disposable endoscope is swelling sanctions from regulatory authorites. Such as, the FDA has just permitted to novel disposable endoscopes proposing sterile endoscopy treatment manufactured by Invendo medical company acquired by Ambu. Conversely, more prices of disposable endoscopes will hinder the disposable endoscopes market growth in upcoming years to certain level.
Report Highlights | Details |
Market Size in 2023 | USD 2 Billion |
Market Size in 2024 | USD 2.34 Billion |
Market Size by 2033 | USD 9.58 Billion |
Growth Rate from 2024 to 2034 | CAGR of 16.55% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | End User, Application, Region Type |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The global disposable endoscopes market, by application, is categorized into GI endoscopy, proctoscopy, bronchoscopy, urologic endoscopy, arthroscopy, others. Among these, the bronchoscopy application is likely to dominate the market with revenue share of 32% in 2023, due to factors, such as a surge in the number of infections associated with bronchoscopes and high availability of devices. Further, the bronchoscopy application is expected to showcase exponential growth due to the increased respiratory infections across the globe.With the help of disposable endoscopes, the effective treatment for respiratory diseases will increase the segment growth during the projection period.
In addition, the technological advancement in the urologic endoscopy segment is anticipated to drive the segment growth over the forecast period. Likewise, the rise in research & development activities by vendors for product line development is also boosting the segment growth. In addition, the growing contamination owing to the in appropriate washing of reusable devices is also heightening the product demand. Moreover, the increasing prevalence of chronic diseases such as cancer, post ureteroscopy infections, and advances in ureteroscopes are the factors responsible for segment growth.
Depending on end-user the global disposable endoscopes market is categorized into hospitals, diagnostic centers, and clinics. Among these, the hospital segment is expected to hold the maximum revenue share of 49% of the total market in 2023. Factors such as rising awareness, higher cleaning costs, and increasing reprocessing failures are resulting in the adoption of disposable endoscopes in hospitals. Moreover, due to contaminated equipment, the growing prevalence of hospital-acquired infections is anticipated to drive the segment growth. An inclination for disposable endoscopes is high regarding the reprocessed endoscopes in the hospitals. In addition, the technological advancements incorporated within the disposable endoscopes proposing accurate diagnosis will upsurge its adoption in hospitals enhancing the segmental growth.
The rising demand for low-cost endoscopy procedures and increasing the prevalence of chronic diseases such as cancer are other significant factors enlightening the product demand. Also, the growing demand for single-use endoscopes due to their low maintenance cost and higher reprocessing costs are augmenting its demand and shifting the preference of healthcare experts for the usage of disposable ones. On the other hand, medical waste generated by these devices is a threat to the environment, which may hinder the demand in the near future.
Segments Covered in the Report
This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2020 to 2032. This research study analyzes market thoroughly by classifying global disposable endoscopes market report on the basis of different parameters including application, end users, and region:
By Application
By End-user
By Regional Outlook
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
August 2024
May 2024
March 2022
June 2024