Single use endoscopy market size – $1.35 billion in 2020, market growth – at a CAGR of 21.1%
VANCOUER, BC, CANADA, April 17, 2022 /EINPresswire.com/ — The report provides a methodical study of the Disposable Endoscopy Market Fragments and an extensive analysis of the market overview. The study includes the use of efficient analytical tools such as SWOT analysis and Porter’s Five Forces to study the strengths, weaknesses, opportunities and threats associated with the growth of various segments of the market. The report provides important details such as major players’ market shares which help the reader to gain a thorough perspective of the Disposable Endoscopy market.
According to the latest analysis by Emergen Research, the size of the global single-use endoscopy market is projected to reach USD 6.29 billion in 2028 at a steady CAGR of 21.1%. The robust projected market revenue growth is driven by increasingly stringent government regulatory guidelines related to patient safety and medical devices and Medicare, as well as the increasing preference for single-use endoscopy to diagnose various diseases and conditions, and the increasing number of patients in need of treatment. Endoscopy is used to diagnose diseases such as gastroesophageal reflux disease (GERD), orthopedic diseases, gastrointestinal diseases, and cancer.
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Increasing investments by large companies in the development of new technologies such as capsule endoscopes, duodenoscopes, choledochoscopes and echoendoscopes are expected to support the revenue growth of the market in the future. Global market revenue growth is also being driven by increasing concerns about risks associated with using reusable tools and potential cross-contamination.
Major Market Players Boston Scientific Corporation, Inc., KARL STORZ, Ambu A/S, Hill Rom Holdings, OBP Medical Corporation, Hoya Corporation, Richard Wolf GmbH, Cook Medical, Flexicare Medical Ltd. and Medtronic.
Some key highlights from the report:
In September 2020, the world’s leading developer of self-contained single-use medical devices announced the launch of ONETRAC LXD, an innovative, patent-pending, dual-blade LED circuit that provides instant, push-button switching between LEDs on both blades.
Bronchoscopy segment revenue is expected to register a rapid CAGR during the forecast period as the number of cases of respiratory infections caused by reusable bronchoscopy and the increasing demand for single-use bronchoscopy in the healthcare industry increases steadily.
Hospital segment accounted for the largest revenue share in single-use/disposable endoscopy market in 2020, driven by higher preference for single-use endoscopy instruments due to its zero maintenance cost and low risk to patients.
North America made the largest contribution to revenue share in the global disposable/disposable endoscopy market in 2020. Factors such as the increase in the prevalence of infectious diseases and the complexity of using reusable endoscopy are driving the demand for single-use endoscopy instruments in countries in the Region.
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The report is updated with the latest economic scenario and market scope in light of the ongoing COVID-19 pandemic. The report covers growth prospects and current and futuristic revenue estimates in a post-COVID scenario.
Key questions answered in the report:
The study paper analyzes the overall market potential of the most important regions with strengths, opportunities and challenges, limitations and threats.
By identifying the sites for improvement, the study inspects the open entrances and looks for accomplices.
It examines each submarket in terms of a single improvement design and its contribution to the market.
It examines recent developments such as advances, business strategies, new product releases and acquisitions.
It specifically profiles the most important market players and thoroughly examines their further development strategies.
Emergen Research has segmented the global single-use endoscopy market into the following segments:
For the purpose of this report, Emergen Research has segmented the global single-use endoscopy market based on product, application, end-use and region:
Product Outlook (Revenue, $Bn; 2018-2028)
Application Outlook (Revenue, $Bn; 2018-2028)
End Use Outlook (Revenue, $Bn; 2018-2028)
Geographical segment covered in the report:
The Disposable Endoscopy market report provides information about the market area which is further divided into sub-regions and countries/regions. Along with market shares in each country and sub-region, this chapter of this report also provides information on opportunities for profit. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.
North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India and the rest of Asia Pacific)
Latin America (Brazil, Mexico and the rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
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Table of Contents Highlights:
Chapter 1. Methodology & Sources
Chapter 2. Summary
Chapter 3. Key Findings
Chapter 4. Disposable Endoscopy Market Segmentation and Impact Analysis
Chapter 5. Disposable Endoscopy Market by Product Insights and Trends, Revenue (Billion USD)
Chapter 6. Single-Use Endoscopy Market by Application Insights and Trends Revenue (Billion USD)
Chapter 7. Single-Use Endoscopy Market by End-Use Insights and Trends, Revenue (Billion USD)
Chapter 8. Regional Outlook for Single-Use Endoscopy Market
Chapter 9. Competitive landscape
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