Market Analysis Report on Endoscopic Medical Devices Industry - (excerpt)

In 2023, the estimated value of the global disposable endoscope market is $1.73 billion, and it is expected to grow at a compound annual growth rate of 18.9% from 2024 to 2030. The increasing demand for the use of disposable endoscopes to eliminate infection risks associated with devices is a key factor driving global market growth.

Endoscope is a minimally invasive medical device used to identify, treat, and prevent problems with internal organs. Disposable endoscopes enter the body through natural channels or openings, such as the mouth and anus, or through incisions, especially in arthroscopic examinations. Disposable endoscopes are equipped with various components, including a top camera or light source, allowing doctors or other medical experts (endoscopists) to examine internal organs at the site of lesions. A major factor driving global market growth is the increasing demand for disposable endoscopes, which is aimed at reducing the risk of infection associated with the equipment. Due to favorable reimbursement policies in industrialized countries, supportive regulatory frameworks for industries, and increasing patient preferences for smaller traumatic surgeries, the market is also expanding. In addition, due to the increasing funding, grants, and investments from governments and non-governmental organizations in endoscopic research and healthcare infrastructure, the market provides important development opportunities. Disposable endoscopes are a type of developing endoscopic tool. Recent technological advancements have made it possible to produce disposable endoscopes with sufficiently low production costs.