by The global disposable endoscope market comprises single-use flexible, videoscopes and fiberscopes that provide visualization inside the human body during diagnostic and surgical procedures. Disposable endoscopes offer significant advantages such as zero risk of cross-contamination and easier to use compared to their reusable counterparts. Rapid replacement of reusable endoscopes, growing demand for infection control in hospitals, and rising endoscopic procedures are some of the key factors driving the demand for disposable endoscopes.
The Global Disposable Endoscope Market is estimated to be valued at US$ 938.1 Mn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Global Disposable Endoscope Market Demand are Ambu A/S, Prosurg Inc., CooperSurgical, Inc., EndoVentions Medical, Inc., Boston Scientific Corporation, Parburch Medical, OBP Medical Corporation, Welch Allyn, Flexicare Medical Limited, UVision360, Jiyuan Medical, and NeoScope, Inc. Ambu A/S dominates the market with its wide range of single-use flexible and videoscopes.
The growing demand for minimally invasive surgeries and diagnostic procedures is fueling the demand for disposable endoscopes globally. Disposable endoscopes reduce the risks of infection and eliminate reprocessing costs compared to reusable endoscopes.
The manufacturers are focusing on expanding globally especially in developing regions of Asia Pacific and Latin America. Rising medical tourism and growing healthcare budgets in these regions will create significant market opportunities over the forecast period.
Market Key Trends
Consistent technological innovations are a key trend in the global disposable endoscope market. The manufacturers are introducing upgraded designs with features such as improved visualization, integrated imaging capabilities, and single-use accessories. This is increasing the adoption rate among healthcare facilities. Ambu A/S launched its new single-use flexible laryngoscope in 2021 with an advanced camera and enhanced imaging for improved intubation success rates. Similarly, other players are also focusing on product launches catering to specific application areas such as gastroscopy, bronchoscopy, and ENT endoscopy.
Porter’s Analysis
Threat of new entrants: High capital requirements and stringent regulations make entry difficult.
Bargaining power of buyers: Buyers have low bargaining power due to undifferentiated products and need for quality disposable endoscopes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative suppliers and commoditization of raw materials.
Threat of new substitutes: Low threat as disposable endoscopes offer convenience over reusable variants with no reprocessing costs.
Competitive rivalry: Intense competition exists among existing players to gain market share through product innovation and strategic partnerships.
Geographical Regions
North America currently dominates the global market in terms of value share. This is attributed to growing aging population, rising prevalence of chronic diseases and well-established healthcare infrastructure in the region.
Asia Pacific region is anticipated to exhibit fastest growth during the forecast period. Rising medical tourism in countries such as India and China coupled with growing healthcare expenditure is expected to drive the regional market.
