North America Disposable Endoscopes Market size is expected to reach USD 2.8 billion by 2030
North America Disposable Endoscopes Industry Overview
The North America disposable endoscopes market size was valued at USD 721.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.8% from 2022 to 2030.
Growing respiratory and chronic disorders in the U.S. have increased the adoption of endoscopic procedures which in turn is expected to boost the disposable endoscopes market growth in this region. Increasing gastrointestinal disorders and different cancer cases in the North American region also accelerates the disposable endoscopes adoption and market growth.
For instance, according to the American cancer society, colorectal cancer is the second most common cause of cancer death in the United States and the lifetime risk of developing this disease is 4.3 % for men and 4.0% for women. American cancer society estimated about 52,580 deaths in 2022 due to colorectal cancer in the U.S. The growing fear of cross-contamination due to reusable endoscopes is also supporting the high adoption of the disposable endoscope and its accessories for diagnostic procedures.
Gather more insights about the market drivers, restrains and growth of North America Disposable Endoscopes Market
Furthermore, to eliminate the risk of pathogen contamination from the reusable endoscopes, the clinical staff undergo lengthy sterilization steps which are tedious and become more time-consuming. For instance, according to Boston Scientific, more than 100 series of manual steps are required for the cleaning of endoscopes during ERCP procedures to reuse and this is also susceptible to manual errors. In addition, the increasing recommendation by the regulatory authorities such as the U.S FDA for the development of disposable endoscopic devices and components to improve cleaning and reduce the risk of patient infection is also supporting market growth.
For instance, the U.S. Food and Drug Administration (FDA) in April 2020, recommended hospitals and endoscopy facilities to innovate disposable components such as caps or distal ends of the duodenoscope to reduce cross-contamination and help improve cleaning. Moreover, the cost-effectiveness of disposable endoscopes over reusable ones is also anticipated to propel single-use device adoption. For example, in 2019, the data published by the Association of Anesthetics stated that the estimated per-patient mean cost of single-use flexible bronchoscopes is £220.00 and a 0% risk of infection.
Similarly, another report published in Chest Journal in 2019, stated that the patients in the hospitals are paying 21% to 155% more per instrument cost than disposable endoscopic devices. Therefore, the advantages of using disposable endoscopes such as the lower chance of cross-contamination, cost-effectiveness, and minimum resource utilization are thereby anticipated to accelerate market growth over the years. Increasing advancement in technology and growing manufacturer investments to innovate and develop new single-use endoscopic devices are some of the major factors further supporting the growth of the market during the forecast period.
Browse through Grand View Research's Medical Devices Industry Research Reports
- Healthcare Consulting Services Market: The global healthcare consulting services market size was valued at USD 13.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030.
- Medical Device Regulatory Affairs Market: The global medical device regulatory affairs market was valued at USD 5.6 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% from 2023 to 2030.
Market Share Insights
- April 2021: Olympus launched and added five premium disposable bronchoscopes to its U.S. bronchoscopy portfolio.
- November 2020: Olympus Corporation and Ruhof Corporation partnered and launched single-use procedure kits for endoscopes to reduce infection risks.
- June 2020: a single-use ENT endoscope “Colibri Micro ENT Scope” was launched by 3NT Medical, in the U.S.
Key Companies Profile
Some of the prominent players in the North America disposable endoscopes market include:
- Ambu A/S
- Prosurg Inc. (Neoscape, Inc.)
- AirStrip Technologies
- Boston Scientific Corporation
- Parburch Medical
- OBP Medical Corporation
- Welch Allyn (Hill-Rom Services Inc.)
- Allscripts Healthcare Solutions
- Flexicare Medical Limited
Order a free sample PDF of North America Disposable Endoscopes Market Intelligence Study, published by Grand View Research.
Comments
Post a Comment