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:
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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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.
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