Disposable Endoscope Market Strategic Insights by 2031
The disposable endoscope market size is projected to reach US$ 7.89 billion by 2031 from US$ 2.38 billion in 2023. The market is expected to register a CAGR of 16.3% during 2024–2031. Avoiding risk of device related infections and hospital acquired infections coupled with favourable government scenario are likely to remain key trends in the market.
Disposable Endoscope Market Analysis
According to a report by the World Health Organization (WHO) on the burden of hospital acquired infections (HAIs) around the world, the rate of HAIs ranges from 3.6 to 12% in high-income countries and from 5.4 to 19.1% in low- and middle-income countries, as of 2022. This led to the use of single- use endospcopic devices in the recent past and is expected to continue a similar trend during the forecast period. Increasing funds and investments by government and other companies is expected to propel the growth of overall disposable endoscope market.
Disposable Endoscope Market Overview
Growing risk of infection transmission with reusable endoscopes has led the growth of disposable endoscope market. According to HHS.gov, as of 2021, about 1 in 31 inpatients have an infection related to hospital care. These infections lead to tens of thousands of deaths and cost the U.S. health care system increased exponentially each year. 6% of hospitalized patients in the 2021 survey had one or more HAI. There were an estimated 887,000 HAIs in U.S. acute care hospitals in 2021. About 90,000 hospital patients with HAIs died during their hospitalizations. Such a factor has resulted in the growth of disposable endoscope market.
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Disposable Endoscope Market: Strategic Insights
Market Size Value in US$ 1,213.28 million in 2022 Market Size Value by US$ 3,096.34 million by 2028 Growth rate CAGR of 16.9% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Disposable Endoscope Market: Strategic Insights
| Market Size Value in | US$ 1,213.28 million in 2022 |
| Market Size Value by | US$ 3,096.34 million by 2028 |
| Growth rate | CAGR of 16.9% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Disposable Endoscope Market Drivers and Opportunities
Growing Preference For Minimally Invasive Surgeries to Favor Market
Minimally Invasive Surgeries (MIS) cause less post-operative pain, so patients receive less painkillers. As minimal cuts or stitches are involved, hospitalization is relatively shorter, and patients need not visit the hospital frequently. People prefer minimally invasive proceduresv to traditional open surgeries involving long incisions made through the muscles. These muscles take a huge amount of time to heal. MIS involves smaller incisions, leading to faster recovery. Also, the body scars involved in MIS are barely noticeable. The main advantage of MIS over conventional open surgeries is the accuracy due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining popularity among the geriatric population due to the relatively shorter recovery time.
According to the article "Anatomic Study of Endoscopic Transnasal Approach to Petrous Apex," published in January 2020, endoscopy systems are commonly used in MIS to find the cause of specific issues and symptoms. Traditionally, most of the space difficult to observe by microscope can be exposed through endoscopic-assisted technology. Endoscopy can flexibly change the angle and observe the surrounding anatomical structure through the natural human foramen. It can provide the surgeon an open visual field and an operation channel without retraction, significantly improving the surgery's quality. Thus, flexible endoscopy systems are mostly preferred by surgeons.
Thus, the major factors leading to the disposable endoscopy market growth are the growing inclination toward minimally invasive surgeries (MIS).
Use of Artificial Intelligence (AI) in Gastroenterology
The application of artificial intelligence (AI) in gastrointestinal (GI) endoscopy is drawing a great amount of attention because it has the potential to improve the quality of endoscopy at all levels, compensating for human errors and limitations by bringing more accuracy, consistency, and higher speed. It will make a breakthrough and a big revolution in the development of GI endoscopy. AI has the advantage of limiting inter-operator variability. It can compensate for the limited experience of novice endoscopists and the errors of even the most experienced endoscopists. Over the past four decades, the incidence of esophageal adenocarcinoma (EAC) has risen rapidly due to the increasingly prevalent excess body weight. AI assistance shows promising results in terms of improving the detection and diagnosis of esophageal adenocarcinoma (EAC), thus, reducing the mortality and morbidity related to this type of malignancy with a poor prognosis when diagnosed at an advanced stage.
The Canadian Association of Gastroenterology (CAG) has formed a special interest group (SIG) in AI to further develop and promote the use of AI. This CAG AI SIG core group comprises six gastroenterologists from five Canadian institutions across three provinces. They have started evaluating AI technologies using cohort studies and randomized controlled trials. They are in the process of establishing video and data biobanks to accrue raw data from which additional novel AI solutions can be created. Further activities of group members include developing and implementing AI curricula since the next generation of gastroenterologists needs to be trained to develop and implement AI solutions at institutions across Canada. The CAG AI SIG has an open model inviting new members, and AI researchers to maximize this novel technology's potential in improving endoscopy quality and patient outcomes.
Recently, a few AI-driven endoscopy products were approved in Canada. For instance, in November 2021, Medtronic Canada ULC, a subsidiary of Medtronic plc, announced that it had received a Health Canada license for the GI Genius intelligent endoscopy module. GI Genius is a computer-aided detection (CADe) system that uses artificial intelligence (AI) to highlight regions of the colon suspected to have visual characteristics consistent with different types of mucosal abnormalities. Hence, the use of artificial intelligence (AI) in gastroenterology is likely to propel the growth of endoscopy procedures, which will in turn increase the demand of disposable endoscope.
Disposable Endoscope Market Report Segmentation Analysis
Key segments that contributed to the derivation of the disposable endoscope market analysis are application and end user.
- Based on application, the disposable endoscope market is segmented into urologic endoscopy, gastrointestinal endoscopy, bronchoscopy, arthroscopy, proctoscopy, and others. The gastrointestinal endoscopy segment held the largest market share in 2023.
- By end user, the disposable endoscope market is segmented into hospitals, diagnostic centers, and clinics. The hospitals segment held the largest share of the market in 2023.
Disposable Endoscope Market Share Analysis by Geography
The geographic scope of the disposable endoscope market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the disposable endoscope market. Incresaing number of hospitals acquired infections in the United States and favourable regulatory scenario has led the growth of regional market. Asia Pacific region is anticipated to grow with the highest CAGR in the coming years.
Disposable Endoscope Market Report Scope
Disposable Endoscope Market News and Recent Developments
The disposable endoscope market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the disposable endoscope market are listed below:
- Keio University and Air Water Inc. developed the ultra-fine rigid endoscope utilizing graded-index plastic optical fiber (GI-POF) technology. The endoscope has a GI-POF lens tip which can transmit images from inside the body to the outside of the body. GI-POF lenses can be fabricated with outer diameters as thin as 0.1mm to 0.5mm, allowing minimally invasive (less physically taxing for patients) observation of the inside of joints. Furthermore, the low cost of production allows for lenses to be single-use (disposable) like syringe needles. (Source: AIR WATER INC, News Releases, May 2023)
- PENTAX Medical Europe, one of the leading companies in the endoscopic field, obtained a CE mark for its new single-use bronchoscope named as PENTAX Medical ONE Pulmo. This product provides high quality care without compromise in pulmonary care. The PENTAX Medical ONE Pulmo is a single-use bronchoscope with superior suction power and HD image quality. (Source: PENTAX Medical Europe, Press Release, May 2021)
Disposable Endoscope Market Report Coverage and Deliverables
The “Disposable Endoscope Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Disposable endoscope market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Disposable endoscope market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Disposable endoscope market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the disposable endoscope market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America has dominated the disposable endoscope market in 2023
Avoiding risk of device related infections and hospital acquired infections coupled with favourable government scenario are likely to remain key trends in the market.
Newer product launches are future trends that will drive the overall disposable endoscope market during the forecast period 2024-2031
Boston Scientific Corporation; Ambu A/S; KARL STORZ Endoscopy-America; ProSurg Inc.; Hillrom Services, Inc.; Zsquare; Fujifilm Holdings Corporation; Pentax Medical; Scoutcam; Verathon Inc. are some leading players operating in the disposable endoscope market
The disposable endoscope market size is projected to reach US$ 7.89 billion by 2031
The global disposable endoscope market is estimated to register a CAGR of 16.3% during the forecast period 2024-2031
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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