Global Single-Use/Disposable Endoscopy Market: Analysis and Forecast, 2021-2030

Dec 2020| BIS463A| BIS Research

Report Highlights

The global single-use/disposable endoscopy market is projected to reach $22,720.1 million by 2030, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 44.03% between 2021 and 2030.

The comprehensive study of the global single-use/disposable endoscopy market by BIS Research extensively covers the following:

  • Market numbers on application, and end-user segment and respective sub-divisions that are influencing the market
  • More than 60 products present in the market
  • Market share analysis for global single-use/disposable endoscopy market and its product segments
  • Detailed global and regional market share analysis, including the scrutiny of 15 countries

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, segmental analysis, and COVID-19 impact on the market.

BIS Research study indicates that the high risk of hospital-acquired infections (HAIs), high cost associated with reusable endoscopes, increasing infectious diseases, and growing regulatory approvals are fueling the growth of the market.

The market intelligence by BIS Research additionally throws a spotlight on the regulatory landscape, patent scenario, and the reimbursement landscape in the single-use endoscopy treatments.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include application, end-users, and regions. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.

The types of product segments of the global market include pricing analysis and pipeline analysis of the global single-use/disposable endoscopy market.

To emphasize the impact of COVID-19 on the global single-use/disposable endoscopy market, Shipra Jain, Senior Research Analyst– BIS Research, states, " In the pre-COVID scenario, the market was expected to grow at the compound annual growth rate (CAGR) of 44.03% during the forecast period 2021-2030. The COVID-19 pandemic has resulted in a significant decline in the secondary procedures. However, the sale of the single-use endoscope devices has increased in 2020. The main reason for this is the increase in infectious diseases.

Key insights are drawn from in-depth interviews with the key opinion leaders of leading companies, market participants, and vendors. The key players profiled in the report include 3NT Medical Ltd., Ambu A/S, Boston Scientific Corporation, Coloplast A/S, Corinth MedTech, Inc., Hill-Rom Holdings, Inc., HOYA Corporation, Integra LifeSciences Holdings Corporation, Integrated Endoscopy, KARL STORZ SE& CO.KG, OBP Medical Corporation, OTU Medical Inc., Parburch Medical Developments Ltd., and Prosurg Inc.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market.

Who should buy this report?

  • Single-use/disposable endoscopy device manufacturers (emerging and established) to gain a holistic view about the market potential of various devices and software and the developing economies for business expansions
  • Healthcare companies keen on expanding their product portfolio into single-use endoscope specialties.

How market intelligence on single-use/disposable endoscope can add value to an organization’s decision-making process

  • Aid in product development
  • Help in targeting a segment for launching a new product
  • Offer to go to market strategies for the different source type
  • Support in diversifying the product portfolio for single-use/disposable endoscope devices
  • Help in analyzing the advanced devices and compare the specification
  • Aid in understanding the end-user requirement
  • Support in analyzing the market opportunities

Insightful Questions Covered to Enable Companies to take Strategic Decisions

  • What are the key regulations abiding the development, commercialization, and clinical-use of single-use/disposable endoscope, across different regions?
  • What are the key technological developments on which the current industry leaders are spending their major share of research and development (R&D) investment?
  • Who are the leading players which hold significant dominance on the global single-use/disposable endoscope market, currently?
  • What are the key strategies incorporated by the players of the global single-use/disposable endoscope market, to sustain the competition and retain their supremacy?
  • What is the current annual demand for a single-use/disposable endoscope across different regions and its growth potential in the forecast period?
  • What is the current market potential of single-use/disposable endoscope and what are the factors deciding the growth potential of a single-use/disposable endoscope, in the forecast period?
  • What is the current revenue contribution of different applications and how would it evolve in the forecast period?
  • What are the products in the pipeline, expected to be launched during the forecast period?
  • What is the difference between a reusable endoscope and a single-use endoscope?
  • What is the current demand contribution of different end-user types and how would it evolve in the forecast period?
  • Which countries contribute to the major share of current demand and which countries hold significant scope for expansion for business activities, by players of the global single-use/disposable endoscopy market?

Market Report Coverage - Single-Use/Disposable Endoscopy

Market Segmentation

  • Application Type- Gastroenterology, Pulmonology, Ear Nose Throat (ENT), Urology, Colonoscopy, and Others (Neurology and Arthrology)
  • End-User- Hospital and Clinics, and Diagnostic Centres

Regional Segmentation

  • North America – U.S., Canada
  • Europe – Germany, U.K., France, Italy, Spain, and Rest-of-Europe
  • Asia-Pacific – Japan, China, India, South Korea, Australia and New Zealand, and Rest-of-Asia-Pacific
  • Rest of World

Growth Drivers

  • High Risk of Hospital-Acquired Infections (HAIs)
  • High Cost Associated with Reusable Endoscopes
  • Increasing Infectious Diseases
  • Growing Regulatory Approvals

Market Challenges

  • Dominance of Reusable Endoscope Enterprises

Market Trends

  • Growing Adoption of Single-Use Devices

Market Opportunities

  • Development of Multipurpose Single-Use/Disposable Endoscope
  • Rising Usage of Single-Use/Disposable Endoscope for Bronchoscopy and Hysteroscopy procedures

Key Companies Profiled

  • 3NT Medical Ltd., Ambu A/S, Boston Scientific Corporation, Coloplast A/S, Corinth MedTech, Inc., Hill-Rom Holdings, Inc., HOYA Corporation, Integra LifeSciences Holdings Corporation, Integrated Endoscopy, KARL STORZ SE& CO.KG, OBP Medical Corporation, OTU Medical Inc., PArburch Medical Developments Ltd., and Prosurg Inc.

Key Questions Answered in this Report:

  • What are the key regulations abiding the development, commercialization, and clinical-use of single-use/disposable endoscope, across different regions?
  • What are the key technological developments on which the current industry leaders are spending their major share of research and development (R&D) investment?
  • Who are the leading players which hold significant dominance on the global single-use/disposable endoscope market, currently?
  • What are the key strategies incorporated by the players of the global single-use/disposable endoscope market, to sustain the competition and retain their supremacy?
  • What is the current annual demand for a single-use/disposable endoscope across different regions and its growth potential in the forecast period?
  • What is the current market potential of single-use/disposable endoscope and what are the factors deciding the growth potential of a single-use/disposable endoscope, in the forecast period?
  • What is the current revenue contribution of different applications and how would it evolve in the forecast period?
  • What are the products in the pipeline, expected to be launched during the forecast period?
  • What is the difference between a reusable endoscope and a single-use endoscope?
  • What is the current demand contribution of different end-user types and how would it evolve in the forecast period?
  • Which countries contribute to the major share of current demand and which countries hold significant scope for expansion for business activities, by players of the global single-use/disposable endoscopy market?

Market Overview

The global single-use/disposable endoscopy market is witnessing a significant increase in size of the market due to the ongoing COVID-19 pandemic. The overall market was estimated to be $471.7 million in FY2019, and it is expected to grow at a CAGR of 44.03% during the forecast period, 2021-2030.

Owing to the COVID-19 pandemic, the secondary procedures including endoscopy services were shut down in 2020. However, the pandemic has created a positive impact on the net revenue in single-use endoscopes primarily due to the increase in infectious diseases and increasing awareness among patients regarding concern about hygiene has leaded to increase in demand of single-use endoscopes.

Our healthcare experts are continuously analyzing the impact of industrial and regulatory decisions on the global single-use/disposable endoscopy market. The market is driven by certain factors such as the rising incidences of hospital acquired infections, high cost associated with reusable endoscopes, increasing infectious diseases and growing regulatory approvals in the single-use/disposable market.

The market is favored by the rising incidences of hospital-acquired infections (HAIs), growing regulatory approvals, and the lower cost associated with disposable endoscopes.

Within the research report, the market is segmented based on product type, patient age, end-user, and regional analysis. Each of these segments covers the market’s snapshot over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

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