The disposable endoscopes market size in Asia Pacific is increasing steadily and at an impressive rate with latest market research numbers suggesting that the disposable endoscopes market is expected to reach USD 2.4 billion by 2030 – an impressive 18.8% CAGR during the forecast period.
Issues concerning contamination of reusable endoscopes, increasing respiratory & chronic diseases, and the rise in the number of endoscopic procedures in the Asia-Pacific region are some of the factors that is leading to growth of disposable endoscopes market in the region. Cost and lower chances of contamination and diseases is also the reason why adoption of the product is increasing in the region.
If we look at application of disposable endoscopes, the highest revenue share was held by the bronchoscopy segment in 2021. This can be attributed to the growing preference and adoption of disposable bronchoscopes & their components for the removal of foreign substances & blockages from the airways or lungs. The lack of skilled professionals for cleaning and disinfecting reusable bronchoscopes is also anticipated to support the adoption of disposable units for lung disorder procedures. In addition, increasing mortality due to lung disorders is also expected to accelerate segment growth over the forecast period.
By end-use, the hospital segment is expected to hold a high revenue share of over 47% in 2021 owing to the increasing number of endoscopic procedures performed in hospitals and growing patient preference for early disease diagnosis. In addition, favorable reimbursement policies and low procedural costs of government hospitals also boosted the growth of the segment in the global market. However, the fastest growth rate is anticipated from the clinics segment due to the high preference for use of disposable endoscopes & components in these centers due to low postprocedural complications & quick recovery time.
The COVID-19 pandemic has positively impacted the adoption of single-use endoscopes. The rise in fear of contracting coronavirus infection has fueled the adoption of single-use endoscopic devices along with other disposable equipment. Several hospitals and clinics in the Asia Pacific region, performing endoscopic procedures, turned to disposable units to lower postprocedural complications and improve patient engagement during the pandemic. In addition, the continued lockdown and shortage of medical staff due to the COVID-19 infection also hampered the reprocessing of reusable endoscopes, thereby supporting the adoption of single-use devices.