Report ID: SQSG35A2041
Report ID:
SQSG35A2041 |
Region:
Global |
Published Date: April, 2024
Pages:
275
|
Tables:
61 |
Figures:
75
Disposable Endoscopes Market size was valued at USD 1.99 Billion in 2023 and is poised to grow from USD 2.33 Billion in 2024 to USD 7.2 Billion by 2032, growing at a CAGR of 17% during the forecast period (2025-2032).
One of the key elements expected to fuel market growth is the expanding cross-contamination problem with reusable endoscopes. In 2021, one in every twenty patients will have a pathogen contamination concern, according to Mr. Brian Dunkin, MD, CMO of Boston Scientific Endoscopy. Additionally, it is expected that the adoption of disposable endoscopes would rise as a result of numerous laborious sterilisation procedures to get rid of all kinds of pathogens from the reusable endoscopes.
For instance, cleaning endoscopes during ERCP operations, according to Boston Scientific, necessitates over 100 manual processes and is prone to error. The market is expanding as a result of the rising preference of medical professionals for single-use or disposable endoscopic devices. For single-use endoscopes, The Centers for Medicare & Medicaid Services (CMS) 2021 has introduced a new device passcode. This code is used by hospitals and ambulatory surgical centres (ASCs) in the United States to bill Medicare for the use of single-use duodenoscopes.
The COVID-19 epidemic had a moderately negative impact on the growth of the disposable endoscope market. Adoption of the product was additionally impeded by the COVID-19 pandemic's reduction in surgical procedures. Additionally, the COVID-19 pandemic increased the usage of single-use devices because of the paucity of medical personnel brought on by the elevated infection risks connected with cleaning endoscopes. For instance, a study published in the Journal of Bronchology & Interventional Pulmonology in 2019 found that roughly 20% of health workers in Italy and 11% of health workers in the United States both had COVID-19.
However, because of its safety and the removal of infection risks, COVID-19 is predicted to gradually disappear, increasing the market for single-use endoscopes. Additionally, single-use gadgets are more economical than reusable ones, which is expected to fuel market expansion. For instance, the average cost per patient for reusable flexible bronchoscopes is £511.00 with an associated infection risk of 2.8%, according to statistics from the Association of Anesthetics published in November 2021. Single-use flexible bronchoscopes are predicted to cost on average £220.00 per patient and carry a 0% infection risk.
Similar to this, a 2021 study in the Chest Journal found that hospitals spend between 21 and 155% more per instrument on reusable bronchoscopes than on disposable endoscopes. Cost-effectiveness, reduced risk of cross-contamination, and less resource use are thus expected to fuel market expansion throughout the ensuing years. It is projected that the market will continue to grow as a result of the quick development of technology and the increasing investments made by major manufacturers in the creation of new, creative products. For instance, the single-use endoscope manufacturer Ambu A/S introduced the Ambu aView 2 Advance display for endoscopes in May 2021.
US Disposable Endoscopes Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONDisposable Endoscopes Market size was valued at USD 1.7 billion in 2019 and is poised to grow from USD 1.99 billion in 2023 to USD 6.15 billion by 2031, growing at a CAGR of 17% in the forecast period (2024-2031).
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Report ID: SQSG35A2041