Single Use Flexible Endoscope Market
Number of pages: 100 | Report Format: PDF | Published date: June 20, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 1.08 billion |
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Revenue Forecast in 2031 |
US$ 5.57 billion |
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CAGR |
20.0% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Type, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global single use flexible endoscope market was valued at US$ 1.08 billion in 2022 and is expected to register a revenue CAGR of 20.0% to reach US$ 5.57 billion by 2031.
Single Use Flexible Endoscope Market Fundamentals
Single use flexible endoscopes are a recent medical technology advancement offering significant advantages over traditional reusable endoscopes. These endoscopes are designed to be used on a single patient and then disposed of, eliminating the need for time-consuming and costly reprocessing procedures. They are made from high-quality, durable materials that ensure reliability and safety during each procedure. The major applications of single-use flexible endoscopes span various medical specialties. They are extensively used in gastrointestinal procedures such as colonoscopies, esophagogastroduodenoscopies (EGDs), and sigmoidoscopies. In addition, they find utility in urology, gynaecology, and otolaryngology and bronchology procedures, enabling physicians to diagnose and treat a wide range of conditions.
The global single-use flexible endoscopes market exhibits promising trends and opportunities. The demand for these devices is projected to grow steadily due to several factors, such as the increasing prevalence of gastrointestinal diseases and cancers worldwide necessitates more endoscopic procedures, driving the need for reliable and cost-effective equipment. Additionally, the emphasis on infection prevention and control measures in healthcare settings has led to a shift towards single-use devices. The convenience and efficiency of single-use endoscopes, including reduced turnaround times and elimination of cross-contamination risks, contribute to their growing popularity.
Market players have recognized the potential of the single-use flexible endoscope market and are employing various strategies to increase their revenue share. Companies are investing in research and development to improve the design and functionality of these devices, aiming to enhance image quality, flexibility, and ease of use. Additionally, partnerships and collaborations with healthcare providers are being formed to ensure the widespread adoption of single-use endoscopes.
Single Use Flexible Endoscope Market Dynamics
The key factor driving the single use flexible endoscope market is the increasing prevalence of gastrointestinal diseases. Gastrointestinal diseases, including colorectal cancer, are increasingly prevalent worldwide. According to the American Cancer Society, in 2022, around 4.4% of men (1 in 23) and 4.1% of women (1 in 25) are likely to be diagnosed with colorectal cancer during their lifetime. Despite higher incidence rates in men, the lifetime risk is similar for both genders, mainly because women tend to live longer. Moreover, apart from sex, age, and race/ethnicity are also major factors that significantly impact the risk of colorectal cancer. As individuals grow older, their likelihood of developing colorectal cancer rises. The National Cancer Institute in 2022 estimated that over 90% of cases are diagnosed in people aged 50 and over. Furthermore, African Americans have the highest incidence and mortality rates from colorectal cancer compared to any other racial or ethnic group in the United States.
Moreover, single use flexible endoscope is gaining popularity due to its ability to reduce the risk of infection and cross-contamination. Using single-use endoscopes eliminates the need for sterilization, reducing the time and cost of cleaning and disinfecting traditional endoscopes. Additionally, using single-use endoscopes reduces the risk of damage to the equipment during sterilization, which can result in costly repairs and replacements.
Moreover, many top market players are launching new products in the global single use flexible endoscope market. For instance, the U.S. FDA granted Boston Scientific's single-use bronchoscope 510(k) clearance in August 2021. This device is specifically designed for use in internal care units and operating rooms and is well-suited for multiple bronchoscopy procedures. Similarly, Ambu A/S has also introduced a range of single-use endoscopes for various medical procedures, including bronchoscopy, gastroscopy, and colonoscopy. These endoscopes are equipped with high-quality imaging technology and are designed to provide a safe and efficient alternative to traditional reusable endoscopes.
Despite factors influencing the global single use flexible endoscope market, the high cost of equipment, lack of reimbursement for procedures, and concerns about infection control. Additionally, the complexity of the endoscope and the need for specialized training and maintenance are considered some of the major restraining factors in the single use flexible endoscopes market.
Market Ecosystem
the global single use flexible endoscope market is analyzed from the following perspectives: by type, end user, and region.
Single Use Flexible Endoscope Market by Type
Based on type, the global single use flexible endoscope market is segmented into duodenoscopes, bronchoscopes, cystoscopes, ENT scopes, hysteroscopes, laryngoscopes, and others.
The bronchoscopes segment accounted for 27.8% of the global Single Use Flexible Endoscope Market revenue share in 2022. This growth can be attributed to the increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and lung cancer. According to the World Health Organization's March 2023 report, Chronic Obstructive Pulmonary Disease (COPD) caused 3.23 million deaths in 2019, making it the third leading cause of death globally. An overwhelming 90% of these deaths occurred in low- and middle-income countries (LMIC) among those under 70 years of age. In high-income countries, tobacco smoking accounts for over 70% of COPD cases. Additionally, the rising demand for minimally invasive procedures and the advantages offered by single-use flexible bronchoscopes, such as the reduced risk of infection transmission, contribute to the segment's growth. Moreover, technological advancements in bronchoscopy procedures and devices are expected further to boost the market growth in the forecast years.
Single Use Flexible Endoscope Market by End User
Based on the end user, the global single use flexible endoscope market is segmented into hospitals, clinics, ambulatory surgical centers, and others.
The hospitals segment accounts for the majority of the global single use flexible endoscope market share. This is primarily due to the increasing number of endoscopic procedures being performed in hospitals, coupled with the demand for cost-effective and hygienic solutions. Additionally, the rise in healthcare expenditure and the growing awareness among patients about the benefits of minimally invasive surgeries are driving the growth of hospitals' single use flexible endoscope market. Using single use endoscopes also eliminates the need for reprocessing and sterilization, saving time and reducing the risk of infection transmission. As a result, hospitals are increasingly adopting single use endoscopes to improve patient outcomes and reduce healthcare-associated infections.
Single Use Flexible Endoscope Market by Region
Based on the region, the single use flexible endoscope market is segmented into North America, Europe, Asia Pacific, Latin America, & the Middle East & Africa.
North America accounted for 39.86% of the global single use flexible endoscope market in 2022. This is majorly due to the increasing adoption of single-use endoscopes in the region, especially in the United States and Canada. The growing awareness about the risks of cross-contamination and infections associated with reusable endoscopes has led to a shift towards single-use alternatives. Additionally, the rise in the number of endoscopic procedures and the need for cost-effective solutions has also contributed to the growth of North America's single-use flexible endoscope market.
The Asia Pacific single use flexible endoscope market is projected to show significant growth in the forecast years. This growth can be attributed to the rising prevalence of gastrointestinal disorders, the increasing demand for minimally invasive surgeries, and technological advancements. Based on data from the clinical trials arena, it appears that there has been a significant rise in gastrointestinal-related trials in the Asia-Pacific region. Between 2010 and 2020, there was a notable 138% increase in the number of trials conducted. During 2020, most trials in the region were conducted in China, comprising 46.8% of all trials in the area. Following China, India, and South Korea had the next highest percentage of trials, at 17.9% and 9.2%, respectively. Additionally, the increasing geriatric population and the growing preference for home healthcare services are expected to boost the demand for single use flexible endoscopes in the region. The market is also witnessing collaborations and partnerships between manufacturers and healthcare providers to develop innovative products and expand their market presence.
Single Use Flexible Endoscope Market Competitive Landscape
The single use flexible endoscope market is highly competitive, with several key players operating in the market. These players are constantly enhancing their product offerings and expanding their customer base through various strategies such as mergers and acquisitions, partnerships, and collaborations. Additionally, increasing investments in research and development activities to introduce innovative and advanced endoscopes are also expected to contribute to the market's growth.
Some of the prominent companies having the largest revenue share in the global single use flexible endoscope market are,
Strategic Development Single Use Flexible Endoscope Market
Single use flexible endoscopes are a recent medical technology advancement offering significant advantages over traditional reusable endoscopes, designed to be used on a single patient and then disposed of, eliminating the need for time-consuming and costly reprocessing procedures.
The global single use flexible endoscope market has been growing steadily over the years. This growth can be attributed to factors such as a significant increase in the prevalence of gastrointestinal infections and the introduction of many innovative products in the market.
The global single use flexible endoscope market is expected to register a revenue CAGR of 20.0% in the forecast period from 2022 to 2031.
North America region dominated the global single use flexible endoscope market in 2022.
The global single use flexible endoscope market was valued at US$ 1,080.0 million in 2022.
*Insights on financial performance are subject to the availability of information in the public domain