Authored By: Sarah
22 Aug 2024

Disposable Endoscope Market Size to grow by USD 2137.9 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Disposable Endoscope Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

  • Market Research Overview: According to Technavio, the disposable endoscope market is a significant segment within the expansive global healthcare equipment industry. This sector encompasses entities involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. The global healthcare equipment market's size is determined by the consolidated revenue generated by manufacturers of diagnostic equipment and devices utilized across diverse therapy areas. The healthcare equipment landscape is segmented into Devices, which includes advanced, differentiated, and clinically tested data-driven devices. Technavio's market analysis focuses on the disposable endoscope market's growth dynamics, competitive landscape, and emerging trends. - The Disposable Endoscope Market is experiencing significant growth, fueled by the Rise in prevalence of gastrointestinal diseases. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

  • Major Findings:
    • Rise in prevalence of gastrointestinal diseases
    • Launch of new products
    • Increase in medical waste
    • High cost of production
  • Growth Projections

The market size is estimated to grow by USD 2137.9 million, at a CAGR of 18.52% during the forecast period. The global disposable endoscope market is experiencing significant growth due to increasing regulatory approvals from healthcare authorities worldwide. These approvals facilitate the adoption of disposable endoscopes by healthcare providers, who value their convenience and cost-effectiveness compared to traditional reusable endscopes. For instance, the US Food and Drug Administration (FDA) granted clearance to Boston Scientific Corporation's new disposable duodenoscope, the Exalt Model D, in August 2021. This approval marks a significant milestone in the US market, as duodenoscopes are among the most frequently used types of endoscopes in healthcare. Regulatory approvals play a pivotal role in boosting market acceptance and confidence among both providers and patients.

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  • Regional Insights

The disposable endoscope market is experiencing significant growth due to the increasing demand for minimally invasive diagnostic and therapeutic procedures. These endoscopes offer numerous advantages, including reduced infection risk and elimination of the need for costly and time-consuming reprocessing. Manufacturers are investing heavily in research and development to improve the functionality and affordability of disposable endoscopes, making them an attractive option for healthcare providers. The market is expected to continue expanding as the benefits of disposable endoscopes become more widely recognized.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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