Key Takeaways
Key players operating in the Global Disposable Endoscope Market are Ambu A/S, Prosurg Inc., CooperSurgical, Inc., EndoVentions Medical, Inc., Boston Scientific Corporation, Parburch Medical, OBP Medical Corporation, Welch Allyn, Flexicare Medical Limited, UVision360, Jiyuan Medical, and NeoScope, Inc. These players are focusing on new product launches and partnerships to strengthen their market presence. For instance, in 2022, Ambu launched single-use flexible video bronchoscope to provide safe and sterile endoscopy solutions.
There is high potential for growth in the emerging Global Disposable Endoscope Market Trends due to increasing healthcare infrastructure and surging medical tourism Industry. Disposable endoscopes offer significant cost savings compared to reusable variants. This presents lucrative opportunities for players to penetrate price-sensitive emerging countries.
The major players are actively pursuing overseas expansion strategies to further tap international markets. For example, Prosurg partnered with Kaneka Medix Corp to commercialize its disposable bronchoscope in Japan and other Asian countries. This will help meet the rising demand from global hospitals, diagnostic centers and surgery clinics.
One of the major challenges faced by players is the preference of healthcare facilities for capital-intensive reusable endoscopes over disposable ones due to associated high costs. This restraints the potential volume sales in hospitals. Stringent regulatory approval processes also delays new product launches. Nonetheless, increasing awareness about infections and focus on affordable treatment options is expected to overcome these restrain over the forecast period.
Segment Analysis
Region-wise, North America accounts for the largest share in the disposable endoscope market and is expected to continue its dominance during the forecast period. Factors such as advanced healthcare facilities, availability of skilled professionals, and increasing preference for minimally invasive surgeries fuel the market growth in this region. Asia Pacific exhibits the fastest growth rate attributable to growing population, improving healthcare infrastructure, and increasing healthcare expenditure in emerging countries like India and China.
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