Single Use Video Endoscope Market Size, Share, Growth, And Industry Analysis, By Type (Bronchoscopy, Urologic Endoscopy, ENT Endoscopy, Others), By Application (Hospital & Clinic, Diagnostic Center, Others), Regional Insights, and Forecast To 2032

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Single Use Video Endoscope Market Report Overview

global single use video endoscope market size was USD 0.48 billion in 2023 and market is projected to touch USD 2.08 billion by 2032, at a CAGR of 17.5% During the forecast period. North America is dominating the single use video endoscope market share in 2023.

Endoscopes are flexible plastic tubes including a system ofilluminated lens that are used to examine and diagnose a number of illnesses and ailments inside the human body. Endoscopy can be used to obtain tissue samples (biopsies) in order to screen for conditions and diseases such anemia, bleeding, inflammation, diarrhea, and digestive system malignancies.

Endoscopy is also utilized to identify celiac illness, strictures or constriction of the esophagus, obstructions, ulcers, cancer connection, inflammation or swollen precancerous irregularities, and gastroesophageal reflex disease (GERD). In surgical and non-surgical treatments, healthcare professionals in fields including gastroenterology, otolaryngology,and gynecology employ endoscopes.

COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth

The eruption ofCOVID-19has done act as a substantial restraint on some marketin 2020, as businesses have been disrupted due to global government lockdowns. COVID-19 is a contagious disease that causes flu-like symptoms such as fever, coughing, and difficulty breathing. National governments' efforts to limit transfer have led to a decrease in business growth and confined trade in goods and services, with nations entering a 'lock down' state. Businesses suffered as a result of the outbreak in 2020 and 2021. Many markets were been affected from this because the main focus was on the respiratory issues. The single use video endoscope market growth is expected to rebound from the shock over the forecast period.

Latest Trends

"Adoption of Low- Priced Video Capsules to Expand Market Forwarding"

Conventional endoscopes are highly susceptible to repeat infections, whether they are exogenous or endogenous. Due to incorrect reprocessing or even while performing a surgical procedure, these pathogenic pathogens may contaminate the endoscopic equipment, either from the patient to the surgeon or opposite. The use of disposable endoscopes lowers the likelihood of these issues. Additionally, when paired with traditional endoscopic procedures, the development of low- priced video capsule followed by nanorobots that may be used for tagging, therapy, biopsy is projected to boost positive procedural rates.

Single Use Video Endoscope Market Segmentation

• By Type Analysis

According to type, the market can be segmented into bronchoscopy, urologic endoscopy, ENT endoscopy, others

Bronchoscopy are the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into hospital & clinic, diagnostic center, others

Hospital & clinic are the leading part of the application segment

Driving Factors

"High Functionality of Disposable Endoscopes to Boost Market Share"

Because of the high functionality and utility of disposable endoscopes, the global single use video endoscopemarket shareis expected to display an opportunity-seeking stance. The future of medicine is endoscopic, minimally invasive, or keyhole surgery. Diagnosis is required for the prevalence of chronic illnesses and their identification, which presents a use case for endoscopes. Low prices and technological breakthroughs, which are lucrative requirements for creators and manufacturers of creative items, are mostly responsible for this.

Endoscope includes ENT, respiratory, urology, cardiology, and joint surgery among its range of medical specialties. Because of this, these devices are widely adopted. The market for single use video endoscope is expanding as a result of the recent increase in infectious diseases with a high mortality rate.

"Enhancement in Bronchoscopy Segment to Intensify Market Magnification"

The single use video endoscope market has been divided into categories based on application, including bronchoscopy, arthroscopy,urologic endoscopy,GI endoscopy, ENT endoscopy, and several others. During the forecast period, it is expected that the revenue growth rate for the bronchoscopy segment will increase quickly. Sales of single use video endoscopeare increasing due to the rapid rise in the frequency of respiratory illnesses brought on by reusable bronchoscopy and the rising necessity ofsingle-use bronchoscopy in healthcare. The use of LED light sources and CMOS image sensors during bronchoscopy, which allow for the capturing of images and videos of the target area, is gaining acceptance and accelerating the growth of themarket.

Restraining Factors

"Increased Rate of Medical Waste to Deplete Market Advancement "

Over the past ten years, single use video endoscope has become more popular in the world of healthcare. Healthcare facilities that already use conventional endoscopes may find the technology to be an additional expense, which could hurt the single use video endoscope market growth over the next ten year.

Due to their single-use design, single use video endoscope add to the vast amounts of medical waste, particularly plastic trash. WHO (World Health Organization)estimates that ordinary, non-hazardous waste makes up roughly 85% of the overall waste generated by healthcare operations. The remaining 15% is categorized as hazardous material and may contain radioactive, poisonous, or infectious components.

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Single Use Video Endoscope Market Regional Insights

"Favourable Government Policies to Foster Market Growth in North America"

North America is the geographic market that has contributed the most in terms of revenue to the expansion of the global single-use video endoscope market. The region's countries have a high demand for single-use video endoscope tools due to factors like the rise in infectious diseases and the complexity of real endoscopy. A further important aspect that is anticipated to promote future revenue growth in the North American market is favorable government rules and policies that provide funding for hospitals and healthcare facilities to upgrade to more advanced technologies.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. Themarket report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market areexpected to benefit from substantial growth opportunities in the near future.

LIST OF TOP Single Use Video Endoscope COMPANIES

• Ambu (Denmark)
• Boston Scientific (U.S.)
• Karl Storz (Germany)
• Vathin (China)
• Verathon (U.S.)
• The Surgical Company (U.K.)
• Neoscope (U.S.)
• Hill-Rom (U.S.)
• Redpine (U.S.)
• Pusen Medical (China)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.