Market Challenges And Opportunities
Global Disposable Endoscope Market Drivers:
- Rapid technological advancements in disposable endoscopes: Increase in technological advancement in disposable endoscopes is expected to drive the global disposable endoscopes market growth over the forecast period. The key market players are involved in offering technological advanced endoscopes. For instance, Ambu A/S, a Denmark based medical device company, offers Ambu aScope, a single-use endoscopes for pulmonary and gastrointestinal (GI) use. The company also offers Ambu aBox 2, a next-generation display with advanced processing technology, which offers high quality images during endoscopic procedures. In addition to its advanced technology, this endoscopic system offered by Ambu A/S has several advantages such as portability and cost-effectiveness. Moreover, these endoscopes are sterile which prevents the risk of cross-contamination and is useful in case of vulnerable patients, such as geriatric patients, pediatrics patients, and others.
- Increase in the number of surgeries performed per year: Increase in the number of surgeries performed each year is expected to increase the demand for endoscopes, which is expected to drive the market growth over the forecast period. For instance, according to an article published by the Journal of the American Medical Association, an open access scientific journal, in December 2021, more than 13 Mn surgeries were performed from January 1, 2019 to January 30, 2021, in the U.S.
Global Disposable Endoscope Market Opportunities:
- Increasing partnership among key market players for distribution of single-use endoscopes: Market players are engaged in inorganic strategies such as partnership for distribution of endoscopes in untapped regions, which is expected to create growth opportunities for the market in future. For instance, in September 2021, EvoEndo, Inc., a medical device company, announced that it had entered into partnership with Micro-Tech Endoscopy U.S., Inc., a medical technology company, in which the Micro-Tech Endoscopy U.S., Inc. gets the distribution rights for EvoEndo Single-Use Endoscopy System in the U.S.
- Emerging economies: Emerging economies present a great opportunity for growth in the global disposable endoscope market. These economies have large and young populations with increasing spending power. With improving access to healthcare due to economic development, there is a growing demand for advanced medical technologies. Disposable endoscopes offer significant advantages over reusable endoscopes that are highly attractive for healthcare systems in emerging nations. Disposable endoscopes eliminate the need for expensive sterilization procedures and equipment required for cleaning reusable endoscopes. This can significantly reduce operational costs for hospitals and clinics. They also decrease infection risks as each endoscope is used only for a single patient, which is a major concern in regions with limited sterilization infrastructure and capability. Adoption of disposable endoscopes is rising in emerging countries as they provide a more viable solution to expand endoscopy services and meet the healthcare needs of growing populations.
Global Disposable Endoscope Market Restraints:
- High cost of disposable endoscope: The high cost of disposable endoscopes is a major factor restraining the growth of the global disposable endoscope market. Endoscopy procedures are an important part of modern healthcare as they enable non-invasive diagnosis and treatment of various medical conditions. However, the high costs that are associated with disposable endoscopes limit their widespread adoption, especially in price-sensitive developing markets. Disposable endoscopes are designed for single-use to prevent cross-contamination between patients. This makes them more expensive than traditional reusable fiber optic endoscopes that can be sterilized and used multiple times. The additional costs of manufacturing single-use instruments and stringent regulatory approval processes for medical devices further increase the prices.
- Increase in product recall: Increasing product recall by regulatory authorities such as the U.S. FDA (Food and Drug Administration) and others is expected to hinder the market growth over the forecast period. For instance, on February 13, 2023, the U.S. Food and Drug Administration announced the recall of EVIS EXERA III Colonovideoscope, endoscopy designed for surgery within the lower digestive tract, manufactured by Olympus America, a subsidiary of Olympus Corporation, due to risk of infection. To counterbalance this challenge, the manufacturing companies are expected to standardize the manufacturing and production processes of the endoscope devices to ensure product quality and stability.
U.S.: 
U.K. : 
India : 
