Pune, Jan. 12, 2023 (GLOBE NEWSWIRE) -- As per Maximize Market research, a global business research and consultancy firm, the total global “Disposable Endoscopes Market” was USD 5.87 Bn in 2021 and is expected to grow at a CAGR of 17.25 percent over the forecast period to reach USD 20.97 Bn by 2029. As per the report, the Asia Pacific region is expected to grow at a CAGR of 16.58 percent during the forecast period.
Disposable Endoscopes Market Report Scope and Research Methodology
The report covers a detailed analysis of the global Disposable Endoscopes industry with the classifications of the market based on application and end-use. Analysis of past and current market dynamics is given in the report, which helps readers to benchmark the past trends with current market scenarios with the contribution of key manufacturers in it. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the Disposable Endoscopes market report.
The goal of the research is to give complete assessment estimates using an appropriate set of assumptions and methodologies. By defining and analyzing market segments and predicting global market size, the research aids in understanding the Disposable Endoscopes market dynamics and structure. The study also examines the competitive landscape of key competitors in terms of product, pricing, financial situation, growth plans, and geographical presence. The study covers all stakeholder concerns about prioritizing efforts and investments in the Disposable Endoscopes market's developing segment in the forecast period. The bottom-up technique is widely utilized in the whole market engineering process, along with multiple data triangulation methodologies, to perform Disposable Endoscopes market estimation and forecasting for the overall market segments and sub-segments covered in the report.
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Disposable Endoscopes Overview
A disposable Endoscope is a single-use device, which is also called a disposable device. This device is designed in such a way that it is used only on a single patient during a single surgery and also it is not reused on another patient. Healthcare practitioners use endoscopes in specialties such as gastroenterology, orthopedics, otolaryngology and gynecology for surgical and non-surgical treatments.
Disposable Endoscopes Market Dynamics
During the forecast period, product demand is expected to be generated by its excellent performance and high functionality. The rising prevalence of chronic diseases and the need for diagnostics to identify them is expected to rise the demand for disposable endoscopes. The demand for this device is also expected to rise due to technical developments and affordable costs, which are profitable factors for inventors and producers of innovative products.
In the past decade, the demand for disposable endoscopes is increasing rapidly in the global healthcare sector. This technology is an additional investment for healthcare institutions, that use traditional endoscopes and this is expected to constrain the growth of the disposable endoscopes market.
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Disposable Endoscopes Market Regional Insights
The disposable endoscopes market in North America region dominated the global market with the largest market share in terms of value and volume in the year 2021. The region is expected to retain its dominance during the forecast period. It is also expected to grow at a CAGR of 17.20%. The regional market growth is majorly driven by the high penetration of advanced technologies, technologically advanced medical devices, increased awareness of minimally invasive surgeries and the availability of established infrastructure.
During the forecast period, the Asia Pacific region is expected to grow at a CAGR of 16.58%. By the end of the forecast period, the region is also expected to hold the second-highest position in the global disposable endoscopes market. This growth is expected due to the increased nosocomial infections, improved healthcare facilities, an increase in product approvals, a lack of effective reprocessing methods, and weak regulatory frameworks.
| Market Size in 2021 | USD 5.87 Bn. |
| Market Size in 2029 | USD 20.97 Bn. |
| CAGR | 17.25% (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 202 |
| No. of Tables | 100 |
| No. of Charts and Figures | 111 |
| Segment Covered | Type, Deployment |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Disposable Endoscopes Market Segmentation
By Application
- Bronchoscopy
- Urologic endoscopy
- Arthroscopy
- GI endoscopy
- ENT endoscopy
- Others
By End-use
- Hospitals
- Clinics
- Diagnostics Centers
- Others
Disposable Endoscopes Market Key Competitors include:
- Prosurg Inc. (Neoscape, Inc.) (US)
- AirStrip Technologies (US)
- Boston Scientific Corp. (US)
- OBP Medical Corp. (US)
- Welch Allyn (Hill-Rom Services Inc.) (US)
- Hill Rom Holdings (US)
- NeoScope, Inc. (US)
- Otu Medical Inc. (US)
- Cooper Surgical, Inc. (US)
- PFE medical (US)
- EndoChoice (US)
- Boston Scientific (US)
- Covidien (US)
- Richard Wolf Gmbh (US)
- Wohler (US)
- Sunmed (US)
- Parburch Medical (United Kingdom)
- Flexicare Medical Ltd. (United Kingdom)
- Timesco Healthcare Ltd. (United Kingdom)
- karl storz endoscopy (Germany)
- Pentax Medical Company (Germany )
- Ambu A/S (Denmark)
- Allscripts Healthcare Solutions (India)
- OLYMPUS (India)
- Medela (India)
- FlexicareMedical Limited (India)
- hoya corporation (Japan)
- Fujifilm Holdings Corporation (Japan)
Key questions answered in the Disposable Endoscopes Market are:
- What are Disposable Endoscopes?
- What are the global trends in the Disposable Endoscopes Market?
- What are the upcoming industry applications and trends for the Disposable Endoscopes Market?
- What are the factors contributing to the final price of Disposable Endoscopes?
- What is the expected demand for different types of products in the Disposable Endoscopes Market during the forecast period?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Disposable Endoscopes Market?
- How is the intervention from regulatory authority is shaping the Disposable Endoscopes Market?
- What growth strategies are the players considering to increase their presence in Disposable Endoscopes Market globally?
- Who are the leading companies and what are their portfolios in Disposable Endoscopes Market?
- What are the major challenges that the Disposable Endoscopes Market could face in the future?
- Who held the largest market share in Disposable Endoscopes Market?
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Key Offerings:
- A detailed overview of the Disposable Endoscopes Market
- Disposable Endoscopes Market Share, Size & Forecast by Revenue | 2022−2029
- Disposable Endoscopes Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Disposable Endoscopes Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Key Manufacturers
Maximize Market Research is leading Medical Devices research firm, has also published the following reports:
Endoscopic Imaging Market - The market size is expected to reach USD 27.75 billion by 2029 at a CAGR of 7.2 percent during the forecast period. The market is expected to be driven by the rising incidence of target diseases such as cancer, neurodegenerative, infectious, immune, metabolic, and cardiovascular diseases.
Video Laryngoscope Market - The market size is expected to reach USD 974.5 billion by 2029 at a CAGR of 18 percent during the forecast period. The market is expected to be driven by the demand for the video laryngoscope device by healthcare workers and possessing more advanced technology than direct laryngoscopy devices.
Endoscopy Equipment Market - The market size is expected to reach USD 54 billion by 2029 at a CAGR of 8.5 percent during the forecast period. The market is expected to be driven by the increasing importance of endoscopy for diagnosis, advancing technological development in endoscopy and high demand for endoscopy therapy and diagnosis.
Colonoscopy Device Market - The market size is expected to reach USD 2.49 billion by 2029 at a CAGR of 7.58 percent during the forecast period. The market is expected to be driven by the rising number of patients suffering from an intestinal disorder, the growing burden of colorectal cancer and the higher adoption and increase in the number of colonoscopy procedures.
Neuroendoscopy Devices Market - The market size is expected to reach USD 486.63 million by 2029 at a CAGR of 5.9 percent during the forecast period. The market is expected to be driven by Increasing cases of brain tumors worldwide and increasing trauma and spinal cord injuries caused due to road accidents.
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