Precedence Research’s latest report on the global disposable endoscopes market provides an analysis for the period of 2016 to 2027, wherein, 2020 is the base year, 2016 and before is historical data, and 2020 to 2027 is the forecast period.
The global disposable endoscopes market size is projected to reach US$ 4.40 Billion by 2027, rising at a market growth (CAGR) of 20.3% during the forecast period. Continuous growth of disposable endoscopes market is primarily driven by growing hospital investments in endoscopy facilities, rising demand for endoscopy owing to the rising prevalence of target diseases, and technological advancements in endoscopy.
Precedence Research provides an in-depth analysis of market size, share analysis, Industry growth, market valuation, market dynamics which includes drivers, restraints, opportunities, trends, challenges, market segmentation, competitive landscape, regional and country breakdowns, and strategies for disposable endoscopes market. The study reviews the global industry by-products or services offered, downstream fields, end using customers, historic data figures regarding revenue and sales, market context, and more.
The report comprises a detailed value chain analysis, which provides a comprehensive view of this market. The Porter’s Five Forces model for the global market has also been included to help understand the competitive landscape. The study covers market attractiveness analysis, wherein resin types are benchmarked based on their market value, growth rate, and general attractiveness.
Download FREE SAMPLE PAGES before Purchase @ https://www.precedenceresearch.com/sample/1039
Disposable endoscopes signify single-use, flexible endoscopy solutions with amended safety and productivity. It also offers resolution to compound re-processing procedures that are related with conventional endoscopes. Disposable endoscope removes the necessity for sterilization or cleaning procedures related to the reuse of conventional endoscopes. Augmented occurrences of endoscope-associated infections among different patients have encouraged healthcare professionals across the globe to adopt disposable endoscopes instead of standard reusable.
The growing demand for economic endoscopy procedures drives the requirement of disposable endoscopes as these are more cost-effective than reusable ones. Reprocessing procedures for reusable endoscopes are very expensive, which is further projected to propel the market growth. In addition, the rise in acceptance of disposable in the healthcare industry is a substantial reason for the growth of the disposable endoscopes market. Similarly, supporting government rules and norms for the healthcare industry for the adoption of disposable endoscopy is positively affecting the development of the market and is projected to drive growth over the forecast timeframe. Furthermore, the necessity of disposable endoscopes in diagnostic centers, clinics, and hospitals is increased due to the modern technological progressions in it. The letdown of current reprocessing processes and non-compliance with reprocessing guidelines is also expected to drive the acceptance and adoption of disposable endoscopes. On the other hand, a shortage of trained physicians & endoscopists and infections caused by few endoscopes hamper the growth of the disposable endoscope market.
- Bronchoscopy application segment is projected to hold the largest disposable endoscopes market share during the forecast period owing to technological advancements and rising bronchoscopes-related infections.
- Hospitals segment is expected to dominate the end-user segment due to higher adoption of disposable scopes to limit the incidence of HAIs
- The Asia Pacific region is anticipated to experience a lucrative CAGR over the forecast period. The growing number of hospitals, the rapid development of healthcare infrastructure, and higher appetite for innovative device acquisition are a few factors responsible for the regional growth
Considering the rise in awareness among people about healthcare-associated acquired infections due to use of contaminated endoscopes, the North America region is expected to dominate the global disposable endoscopes market over the forecast period. Furthermore, an increase in the incidence of hospital-acquired infections that drives the adoption of single-use endoscopes propels the market growth in the region. Moreover, due to technological advancements in the endoscopy segment and upsurge in demand for low-cost endoscopy processes, the Europe region is anticipated to hold a significant share in the global disposable endoscopes market followed by North America. The Asia Pacific region is anticipated to be the fastest-growing market for disposable endoscopes due to an upsurge in encouraging government guidelines for disposable endoscopes and upturn in health care expenditure. Additionally, the mounting number of cases of contamination instigated by infected reusable endoscopes supports the growth of the global disposable endoscopes market.
Key Players & Strategies
The disposable endoscopes market is moderately concentrated coupled with the presence of several multinational and regional players. Plentiful prominent players such as Boston Scientific, Covidien, Fujifilm Holdings Corporation, EndoChoice, Olympus, and Ambu A/S are uninterruptedly converging on refining research and development and expedite supplementary organic tactics to achieve competitive advantage in the global marketplace. In terms of market share, some of the major players are currently dominating the disposable endoscopes market. Furthermore, mergers & acquisitions, significant investments in R&D, and the development of innovative products or product modifications are among the significant strategies adopted by market players to gain a competitive edge.
For example, Olympus has confirmed a distribution agreement for disposable endoscopes with Ruhof in January 2018. This approach would surge the firm’s revenue in the near future. Moreover, the key market participant Ambu A/S is considerably increasing its product offerings. Hence Ambu A/S is poised to become one of the largest market participants during forthcoming years.
Segments Covered in the Report:
- GI Endoscopy
- Urologic Endoscopy
- Diagnostic centers
- North America (United States, Canada)
- Europe (Germany, France, UK, Italy, Russia, and Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia, Korea, and Rest of Asia Pacific)
- Latin America (Brazil and the Rest of Latin America)
- The Middle East and Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
Purchase this Market Research Report @ https://www.precedenceresearch.com/checkout/1039
Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and among different ventures present globally.
Call: +1 9197 992 333
My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!