In recent years, there has been a growing awareness about the risk of cross-contamination due to reusable endoscopes, which can carry harmful organisms among patients. With regard to reusable endoscopy, FDA has intensified its guidelines by issuing safety communications and highlighting risks across pulmonology, urology, ENT, and gastroenterology. Furthermore, over the past few years, there has been an increase in reusable endoscope recalls and safety warnings related to endoscope use in the urology, ENT, and gastroenterology branches. The Association for the Advancement of Medical Instrumentation (AAMI) has classified pulmonology, urology, and GI endoscopes as high-risk and has put in place highly stringent cleaning guidelines, which has increased the cost and the complexity of reusable endoscopy.
Reusable endoscope in the hospital systems requires complex reprocessing equipment, including drying equipment, and trained staff. Further, reprocessing delays, equipment downtime, endoscope breaks, and staff shortages can result in procedure delays and other inefficiencies, which can negatively impact patient care. However, single-use endoscopes are sterile and easily available.
They do not require complex reprocessing infrastructure reduces both labor and capital intensity whereas reusable endoscopes are both capital- and labor-intensive. Demand for single-use endoscopes continues to grow rapidly as healthcare professionals seek high-performing and intuitive endoscopy solutions that enhance patient safety, provide tangible workflow and efficiency benefits, and incorporate the latest technology advances.
Thus, due to an increasing focus on patient safety and workflow efficiency, the South America disposable endoscope market is growing at a rapid pace.
The South America disposable endoscope market is segmented into Argentina, Brazil, and the Rest of South America. The market growth in this region is attributed to the increasing prevalence of chronic illnesses and rising government support for the disposable endoscope market.
South America Disposable Endoscope Market Segmentation
The South America disposable endoscope market is segmented based on application, end user, and country. Based on application, the South America disposable endoscope market is segmented into GI endoscopy, bronchoscopy, urologic endoscopy, arthroscopy, proctoscopy, and others. The GI endoscopy segment held the largest market share in 2022.
Based on end user, the South America disposable endoscope market is segmented into hospitals, diagnostic centers, and clinics. The hospitals segment held the largest market share in 2022.
Based on country, the South America disposable endoscope market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America disposable endoscope market share in 2022.
Boston Scientific Corp; Ambu AS; Hill-Rom Services Inc.; Karl Storz SE & Co KG; Flexicare (Group) Ltd; Parburch Medical Developments Ltd; and Coloplast Corp are the leading companies operating in the South America disposable endoscope market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 86.58 Million |
| Market Size by 2028 | US$ 213.03 Million |
| CAGR (2022 - 2028) | 16.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
1. Boston Scientific Corp
2. Ambu AS
3. Hill-Rom Services Inc.
4. Karl Storz SE & Co KG
5. Flexicare (Group) Ltd
6. Parburch Medical Developments Ltd
7. Coloplast Corp
The South America Disposable Endoscope Market is valued at US$ 86.58 Million in 2022, it is projected to reach US$ 213.03 Million by 2028.
As per our report South America Disposable Endoscope Market, the market size is valued at US$ 86.58 Million in 2022, projecting it to reach US$ 213.03 Million by 2028. This translates to a CAGR of approximately 16.2% during the forecast period.
The South America Disposable Endoscope Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Disposable Endoscope Market report:
The South America Disposable Endoscope Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Disposable Endoscope Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Disposable Endoscope Market value chain can benefit from the information contained in a comprehensive market report.
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