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Single Use/Disposable Endoscopy Market Size – USD 1.35 Billion in 2020, Market Growth – at a CAGR of 21.1%

VANCOUER, BC, CANADA, March 28, 2022 /EINPresswire.com/ -- The rising demand for the Single Use/Disposable Endoscopy Market products is expected to drive the demand for Single Use/Disposable Endoscopy Market , thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market. The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market.

The global single use/disposable endoscopy market size is projected to reach USD 6.29 Billion at a steady CAGR of 21.1% in 2028, according to latest analysis by Emergen Research. Robust projected market revenue growth can be attributed to increasingly stringent government regulatory policies associated with patient safety and medical devices and Medicare, and increasing preference for single-use endoscopy for diagnosis of various diseases and conditions and increasing number of patients requiring treatment. Endoscopy is used in the diagnosis of diseases such as Gastro Esophageal Reflux Disease (GERD), orthopedic diseases, gastrointestinal conditions, and cancer.

Key participants include : Boston Scientific Corporation, Inc., KARL STORZ, Ambu A/S, Hill Rom Holdings, OBP Medical Corporation, Hoya Corporation, Richard Wolf GmbH, Cook Medical, Flexicare Medical Ltd., and Medtronic.

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Key Highlights of Report :

In September 2020, leading global developer of single-use, self-contained, medical devices announced launch of ONETRAC LXD, which is an innovative patent-pending dual-blade LED circuitry that enables instant transition between LEDs on either blade with press button.

Bronchoscopy segment revenue is expected to register a rapid CAGR during the forecast period due to steady increase in number of cases of respiratory infection caused by reusable bronchoscopy and increasing demand for single-use bronchoscopy in the healthcare industry.

Hospital segment accounted for largest revenue share in the single-use/disposable endoscopy market in 2020, driven by higher preference for disposable endoscopy tools due to no maintenance cost and low risk for patients.

North America accounted for largest revenue share contribution to the global single-use/ disposable endoscopy market in 2020. Factor such as increase in prevalence of infectious diseases and complexities of using reusable endoscopy are driving demand for single-use endoscopy tools in countries in the region.

Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

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Emergen Research has segmented the global Single Use/Disposable Endoscopy Market Are as :

For the purpose of this report, Emergen Research has segmented the global single use/disposable endoscopy market on the basis of product, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)
Endoscope
Visualization Systems
Endoscopic Ultrasound
Insufflator

Application Outlook (Revenue, USD Billion; 2018–2028)
Bronchoscopy
Urologic Endoscopy
Arthroscopy
GI Endoscopy
ENT Endoscopy
Others

End-use Outlook (Revenue, USD Billion; 2018–2028)
Hospitals
Healthcare Centers
Clinics
Regional Bifurcation of the Single Use/Disposable Endoscopy Market Includes:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Reasons why you should buy this report :

Understand the current and future of the Single Use/Disposable Endoscopy Market in both developed and emerging markets.

The report assists in realigning the business strategies by highlighting the Single Use/Disposable Endoscopy Market business priorities.

The report throws light on the segment expected to dominate the Single Use/Disposable Endoscopy Market industry and market.

Forecasts the regions expected to witness the fastest growth.

The latest developments in the Single Use/Disposable Endoscopy Market industry and details of the industry leaders along with their market share and strategies.

Key Questions Answered by This Study :

Which are the five top players of the Single Use/Disposable Endoscopy Market ?

How will the Single Use/Disposable Endoscopy Market change in the next five years?

Which product and application will take a lion’s share of the Single Use/Disposable Endoscopy Market ?

What are the drivers and restraints of the Single Use/Disposable Endoscopy Market ?

Which regional market will show the highest growth?

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