Published Date: 16-Apr-2020
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According to a new report Global Disposable Endoscopes Market, published by KBV research, The Global Disposable Endoscopes Market size is expected to reach $2.7 billion by 2025, rising at a market growth of 18.7% CAGR during the forecast period.
Bronchoscopy recorded the largest market share on disposable endoscopes in 2019. Factors, such as product availability and increasing bronchoscope-related infections drive growth in the segment. Increasing respiratory infections will also bode well for growth in the segment.
Hospitals recorded the largest market share of disposable endoscopes in terms of revenue in 2019. An increased prevalence of hospital-acquired infections is projected to drive growth due to contaminated equipment. Factors such as increasing reprocessing failures increased awareness, and a higher cost of cleaning contributes to the adoption of disposable endoscopes in hospitals. Clinics are predicted to see the fastest growth rate over the projected period. The market is driven by increased maintenance costs due to the procurement of chemicals and sophisticated cleaning equipment for decontamination and increased patient-to-patient infection transmission during adjustable endoscopy procedures.
North America reported the largest share of sales in 2019. Rising occurrence of nosocomial infections in hospitals due to contaminated equipment, rising prevalence of chronic diseases such as cancer is driving demand and the region-wide adoption of disposable endoscopes. The Asia Pacific region is expected to see the most rapid growth over the projected period. A rapid increase in the number of product approvals, the growing prevalence of nosocomial infections, as well as the lack of proper reprocessing procedures is driving regional development.
Structural Insights: https://www.kbvresearch.com/disposable-endoscopes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ambu A/S, AllScripts Healthcare Solutions, Inc., Boston Scientific Corporation, Hill-Rom Holdings, Inc. (Welch Allyn), AirStrip Technologies, Inc., Parburch Medical Developments Ltd., OBP Medical Corporation, Flexicare Medical Ltd., Timesco Healthcare Ltd., and SunMed, LLC.
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