The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Disposable Endoscopes Global Market Report 2023, the disposable endoscopes market is expected to show significant growth in the forecast period.

The disposable endoscopes market has experienced rapid growth, escalating from $1.62 billion in 2023 to a projected $1.91 billion in 2024, marked by a Compound Annual Growth Rate (CAGR) of 18.1%. This upward trajectory can be attributed to factors such as infection control, regulatory approvals, cost-efficiency, and the increasing preference for minimally invasive procedures.

Anticipating Accelerated Growth Ahead

Forecasted Growth
Anticipating a robust future, the disposable endoscopes market is poised to surge to $3.53 billion by 2028, showcasing a CAGR of 16.6%. The projected growth in the forecast period is fueled by global healthcare access, the rise of outpatient procedures, the integration of telemedicine and remote consultations, and various public health initiatives.

Rising Cancer Prevalence Boosts Demand

Impact of Cancer Prevalence
The surge in cancer prevalence globally is a key driver propelling the growth of the disposable endoscopes market. These medical devices play a vital role in cancer diagnosis, offering high-quality imaging capabilities that enable precise observations during endoscopic examinations. The ability to detect cancerous lesions or abnormalities within the gastrointestinal tract positions disposable endoscopes as critical tools in the fight against cancer.

Statistics Reinforcing Growth
As per the Cancer Facts and Figures 2023 report by the American Cancer Society, new anal cancer cases in the United States are projected to reach 9,760, compared to 9,440 cases in 2022. Additionally, the number of deaths attributed to anal cancer is expected to rise to 1,870, showcasing an increase from the 1,670 deaths recorded in 2022. This underscores the indispensable role of disposable endoscopes in the diagnosis and treatment of cancer.

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Innovative Single-Use Bronchoscope Products Drive Growth

Focus on Innovation
Major players in the disposable endoscopes market are strategically focusing on innovative product development to maintain a competitive edge. Notably, companies such as Ambu Inc. have introduced groundbreaking products like the Ambu aScope 5 Broncho – a single-use bronchoscope designed for one-time use on a single patient. This innovation not only minimizes the risk of cross-contamination but also prioritizes patient safety through enhanced imaging and design elements.

Strategic Acquisitions
The growth of the market is further bolstered by strategic acquisitions, such as ATL Technology’s acquisition of BioVision Technologies. This move, aimed at expanding ATL Technology’s medical imaging and access business, particularly in the development and manufacturing of single-use minimally invasive procedural devices, exemplifies the dynamic landscape of the disposable endoscopes market.

Market Segmentation and Strategic Focus

Insights into Segmentation
The disposable endoscopes market is segmented based on products, patient types, and end-users. Products include gastroscopes, bronchoscopes, duodenoscopes, laryngoscopes, colonoscopes, ureteroscopes, and other endoscopes. Patient types cover both adult and pediatric populations, while end-users span hospitals, ambulatory surgical centers, and diagnostic centers.

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The Disposable Endoscopes Global Market Report 2023  provides an in-depth analysis on the disposable endoscopes market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the disposable endoscopes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Gastrointestinal Endoscopy Global Market Report 2023
Rigid Endoscope Global Market Report 2023
Robotic Endoscopy Devices Global Market Report 2023

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