Disposable Endoscopes Market to witness growth opportunities worth USD 20.97 Bn in 2029 Medical device advancement, Growth Hubs and Huge investments

December 16 20:05 2022
Disposable Endoscopes Market to witness growth opportunities worth USD 20.97 Bn in 2029 Medical device advancement, Growth Hubs and Huge investments
Disposable Endoscopes Market
The Disposable Endoscopes Market size was valued at USD 5.87 Billion in 2021 and the total Disposable Endoscopes revenue is expected to grow at a CAGR of 17.25% from 2022 to 2029, reaching nearly USD 20.97 Billion.

Pune, 16, Dec2022: The report analysed by Maximize Market Research, the global medical devices market research firm on Disposable Endoscopes Market covers an extensive competitive and pricing analysis in the report. North America is expected to with the growth streak according to the report. During the Forecast period, the report expects the market to grow from USD 5.87 Billion in 2021 to USD 20.97 Billion in 2029 at a CAGR of 17.25 percent. 

Disposable Endoscopes Market Scope and Research Methodology

The report is a detailed analysis of the Disposable Endoscopes Market equipped with regional, competitive and segment-wise research of the market. Key players in the market are studied to understand the market share and size. For the regional analysis, players at the local, regional and global levels are analysed for a clearer understanding of the market penetration and structure. Pricing and demand analysis is carried out to help clients plan out future strategies for their businesses. 

An in-depth analysis of the drivers, restraints, challenges and opportunities prevailing in the Disposable Endoscopes Market is carried out to understand the factors affecting the market. For the competitive landscape of the Disposable Endoscopes Market, major players along with new entrants are taken as a sample. Listed companies are studied by region, revenue, financial status, portfolio, technological advancements adopted, social media presence, mergers and acquisitions, joint venture and strategic alliances. It helps clients identify competitors in the industry and understand different strategies practised by them. Segment-wise analysis of the Disposable Endoscopes Market by Application, End-Use and Region gives a picture of products and services offered and their share in the market along with factors affecting their growth or decline.

The bottom-up approach was used to validate the market size by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. 

SWOT analysis was conducted to provide the strengths and weaknesses of the Disposable Endoscopes Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Disposable Endoscopes Market. Thus the report can prove to be a guide to stakeholders, new entrants, investors and market followers in strategic decision-making related to product development, organisational change, workforce planning and investment planning.

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Disposable Endoscopes Market Overview

A disposable endoscope is a camera-based device that is inserted into the body to examine the internal working of the system. A disposable endoscope also known as a single-use endoscope is intended to use only once during an endoscopic procedure. It cannot be used or reprocessed like cleaning or sterilizing it for use on another patient. Such endoscopes considerably reduce the incidence of infections and cross-contamination.

Disposable Endoscopes Market Dynamics

Disposable endoscopes are steadily becoming common in use in the medical devices industry. A major driver for the growth of the Disposable Endoscopes Market is its ability to reduce the number of infections and cross-contamination that are otherwise caused by reusable endoscopes. While disposable endoscopes has strong competition from reusable endoscopes given their cost-effectiveness, disposable endoscopes managed to outperform mainly due to their ability to reduce infections among patients. The Disposable Endoscopes Market is expected to witness growth on account of such events.

While reusable endoscopes were considered to be cost-effective, they had to bear the cost of logistics necessary to disinfect the device before its use on another patient. If not sterilized properly, the endoscope could cause severe infections which were commonly noticed in gastrointestinal endoscopy. This extra cost borne by the reusable endoscopes is expected to drive the Disposable Endoscopes Market over the forecast period.

Disposable Endoscopes Market Regional Insights

North America dominated the Disposable Endoscopes Market by value and volume in 2021 and is expected to grow at a CAGR of 17.20 percent over the forecast period. The major driving factor for the growth of the region is the advancement in technology in the medical devices industry and its high penetration in the market. Another contributing factor to the growth of the regional Disposable Endoscopes Market is the increasing awareness of minimally invasive surgeries.

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 Manufacturers include: 

  • Ambu A/S
  • Prosurg Inc. (Neoscape, Inc.)
  • AirStrip Technologies
  • Boston Scientific Corp.
  • Parburch Medical
  • OBP Medical Corp.
  • Welch Allyn (Hill-Rom Services Inc.)
  • Allscripts Healthcare Solutions
  • Flexicare Medical Ltd.
  • Timesco Healthcare Ltd.
  • Sunmed
  • FlexicareMedical Limited
  • NeoScope, Inc.
  • Otu Medical Inc.
  • Cooper Surgical, Inc.
  • Hill Rom Holdings
  • hoya corporation
  • karl storz endoscopy
  • OLYMPUS
  • PFE medical
  • Medela
  • Wohler
  • Fujifilm Holdings Corporation
  • EndoChoice
  • Boston Scientific
  • Covidien
  • Richard Wolf Gmbh
  • Pentax Medical Company

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Key questions answered in the Disposable Endoscopes Market are: 

  • What are Disposable Endoscopes? 
  • What are the drivers of the Disposable Endoscopes Market? 
  • What is the current growth rate of the Disposable Endoscopes Market?  
  • What is the nature of competition in Disposable Endoscopes industry in developed and developing economies? 
  • Who are the key players in the Disposable Endoscopes Market?
  • Who are the market leaders in Disposable Endoscopes in Europe?
  • Who are the market leaders in Disposable Endoscopes in USA and Canada?
  • Who are the market leaders in Disposable Endoscopes in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Disposable Endoscopes Market? 
  • Who held the largest market share in Disposable Endoscopes Market? 
  • What are the challenges faced by the Disposable Endoscopes Market? 
  • What are the factors for the growth of Asia-Pacific region in Disposable Endoscopes Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Application, End-Use and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading medical devices research firm, has also published the following reports:

Endoscopic Imaging MarketThe Endoscopic Imaging Market size is expected to reach USD 48.41 billion by 2029 at a CAGR of 7.2 percent during the forecast period. The Endoscopic Imaging Market is expected to be driven by increasing adoption in the field of gastroenterology and increased use in diagnosing various diseases

Endoscopy Equipment MarketThe Endoscopy Equipment Market size is expected to reach USD 54 billion by 2029 at a CAGR of 8.5 percent during the forecast period. The Endoscopy Equipment Market is expected to be driven by high demand for endoscopy tests and technological advancements. 

Video Laryngoscope MarketThe Video Laryngoscope Market size is expected to reach USD 974.5 million by 2029 at a CAGR of 18 percent during the forecast period. The Video Laryngoscope Market is expected to be driven by increasing demand for video laryngoscope and technological advancement. 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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