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Saudi Arabia Disposable Endoscopy Market

Saudi Arabia Disposable Endoscopy Market

Saudi Arabia Disposable Endoscopy Market, By Product Type (Endoscopes (Bronchoscopes, Colonoscopes, Duodenoscopes, Gastroscopes, Ureteroscopes, Others (Capsule Endoscopes, Laparoscopes), Accessories (Biopsy Forceps, Guidewires, Valves & Mouthpieces, Others)); By Application (Gastroenterology, Pulmonology, Urology, Gynecology, Orthopedics, Others (Neurology, Cardiology)); By End User (Hospitals, Ambulatory Surgical Centers (ASCs), Diagnostic Centers, Specialty Clinics), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: November 2024
  • Report ID: BWC24908
  • Available Format: PDF
  • Page: 118

Report Overview

A rising demand for minimally invasive procedures, infection control benefits, technological advancements, healthcare infrastructure development, and increasing prevalence of gastrointestinal and respiratory diseases are expected to drive Saudi Arabia Disposable Endoscopy Market during the forecast period between 2024 and 2030.

Saudi Arabia Disposable Endoscopy Market – Industry Trends & Forecast Report, 2030

Saudi Arabia Disposable Endoscopy Market size by value was estimated at USD 486.9 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Disposable Endoscopy Market size is expected to expand at a CAGR of 5.60% reaching a value of USD 716.8 million by 2030. Saudi Arabia Disposable Endoscopy Market is driven by the increasing prevalence of gastrointestinal disorders, rising demand for minimally invasive procedures, and technological advancements in disposable endoscopy devices. Government initiatives to improve healthcare infrastructure and growing awareness about the benefits of disposable endoscopes also contribute to market growth. Additionally, favorable reimbursement policies and the cost-effectiveness of disposable devices compared to traditional ones are boosting their adoption across healthcare facilities.

Saudi Arabia Disposable Endoscopy Market

Disposable Endoscopy – Overview

Disposable endoscopy involves using single-use endoscopes designed to reduce infection risks associated with reusable devices. These endoscopes are sterilized and discarded after one use, minimizing the chance of cross-contamination between patients. They are particularly beneficial in settings requiring stringent infection control, such as during outbreaks of multidrug-resistant bacteria. While it is costlier and more environmentally impactful, their use is growing due to improved patient safety and ease of use.

Saudi Arabia Disposable Endoscopy Market

Growth Drivers

Rising Prevalence of Gastrointestinal Diseases

Saudi Arabia Disposable Endoscopy Market is experiencing significant growth due to the rising prevalence of gastrointestinal diseases. Conditions such as gastroesophageal reflux disease (GERD), inflammatory bowel disease (IBD), and colorectal cancer are becoming increasingly common. Factors contributing to this rise include shifts in dietary habits, sedentary lifestyles, and an aging population. These trends drive the demand for minimally invasive diagnostic procedures, boosting the adoption of disposable endoscopy devices in healthcare facilities across the region.

Limited Awareness

The growth of Saudi Arabia Disposable Endoscopy Market faces a significant restraint due to the lack of awareness. In certain rural and remote areas, there is limited knowledge about the benefits and availability of disposable endoscopy devices. This lack of awareness hinders the adoption of these advanced medical technologies, as healthcare providers and patients may not fully understand their advantages over traditional reusable endoscopes. Efforts to educate and inform these communities are crucial to overcoming this barrier and expanding market reach.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Disposable Endoscopy Market

Escalating geopolitical tensions in the Middle East could significantly impact the growth of Saudi Arabia Disposable Endoscopy Market. Political, economic, and trade tensions and sanctions could disrupt supply chains, leading to shortages of essential medical devices, including disposable endoscopes. Increased political instability may also deter foreign investments and collaborations, hindering technological advancements and market growth. Additionally, economic sanctions and trade restrictions can limit access to critical healthcare technologies, affecting the overall market dynamics. Healthcare facilities may face challenges in maintaining consistent supply and quality of disposable endoscopy devices, ultimately impacting patient care and safety.

Saudi Arabia Disposable Endoscopy Market

Segmental Coverage

Saudi Arabia Disposable Endoscopy Market – By Product Type

By product type, Saudi Arabia Disposable Endoscopy Market is divided into Endoscopes and Accessories segment. The endoscopes segment is further divided into Bronchoscopes, Colonoscopes, Duodenoscopes, Gastroscopes, Ureteroscopes, and other (Capsule Endoscopes and Laparoscopes) sub-segments. Also, the accessories segment is subdivided into Biopsy Forceps, Guidewires, Valves and Mouthpieces, and other segments. The endoscopes segment is the largest in Saudi Arabia Disposable Endoscopy Market. The dominance is driven by increasing demand for minimally invasive procedures and advancements in endoscopy technology. Among the subcategories, gastroscopes and colonoscopes dominate due to the rising prevalence of gastrointestinal disorders and a growing focus on early diagnosis. Additionally, the Accessories segment, particularly biopsy forceps and guidewires, plays a critical supportive role but remains secondary to the primary endoscopes in market share.

Saudi Arabia Disposable Endoscopy Market Size

Saudi Arabia Disposable Endoscopy Market – By Application

By application, Saudi Arabia Disposable Endoscopy Market is divided into Gastroenterology, Pulmonology, Urology, Gynecology, Orthopedics, and other (Neurology and Cardiology) segments. The gastroenterology segment represents the largest application in Saudi Arabia Disposable Endoscopy Market, due to the increasing prevalence of gastrointestinal disorders, advancements in minimally invasive procedures, and growing awareness of disposable endoscopic devices, which reduce cross-contamination risks. Additionally, the demand for disposable endoscopes in gastroenterology is fueled by a high volume of diagnostic and therapeutic procedures, such as colonoscopies and gastroscopies, catering to a rising patient population and enhancing procedural efficiency in healthcare facilities.

Saudi Arabia Disposable Endoscopy Market Share

Saudi Arabia Disposable Endoscopy Market – By End User

Based on end user, Saudi Arabia Disposable Endoscopy Market is divided into Hospitals, Ambulatory Surgical Centers (ASCs), Diagnostic Centers, and Specialty Clinics segments. The hospitals segment emerges as the largest end user in Saudi Arabia Disposable Endoscopy Market. Hospitals dominate due to their comprehensive healthcare infrastructure, higher patient intake, and preference for advanced diagnostic and surgical procedures. They extensively adopt disposable endoscopy solutions to minimize infection risks and enhance procedural efficiency. Additionally, hospitals' ability to invest in cutting-edge medical technologies contributes to their market leadership, making them a crucial driver of growth within the disposable endoscopy sector in Saudi Arabia.

Saudi Arabia Disposable Endoscopy Market Demand

Competitive Landscape

Key players in the highly competitive Saudi Arabia Disposable Endoscopy Market include Karl Storz SE & Co. KG, PENTAX Medical, Apollo Endosurgery, Inc., Diversatek, Inc., Fujifilm Holdings Corporation, Stryker Corporation, CONMED Corporation, and Olympus Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million 

Market Coverage

Saudi Arabia

Product/Service Segmentation

Product Type, Application, End User

Key Players

Karl Storz SE & Co. KG, PENTAX Medical, Apollo Endosurgery, Inc, Diversatek, Inc., Fujifilm Holdings Corporation, Stryker Corporation, CONMED Corporation, Olympus Corporation

 

By Product Type

  • Endoscopes

  • Bronchoscopes

  • Colonoscopes

  • Duodenoscopes

  • Gastroscopes

  • Ureteroscopes

  • Others (Capsule Endoscopes, Laparoscopes)

  • Accessories

  • Biopsy Forceps

  • Guidewires

  • Valves & Mouthpieces

  • Others

By Application

  • Gastroenterology

  • Pulmonology

  • Urology

  • Gynecology

  • Orthopedics

  • Others (Neurology, Cardiology)

By End User

  • Hospitals
  • Ambulatory Surgical Centers (ASCs)
  • Diagnostic Centers
  • Specialty Clinics
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Disposable Endoscopy Market Insights
    1. End User Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising prevalence of gastrointestinal diseases
        2. Aging population in Saudi Arabia
        3. Government initiatives focus on healthcare infrastructure development and healthcare accessibility
      2. Restraints
        1. High cost of disposable endoscopes
        2. Lack of awareness in some regions
      3. Opportunities
        1. Continuous advancements in endoscopy technology
        2. Expansion of private healthcare facilities in Saudi Arabia
        3. Increasing demand for specialized endoscopy procedures
      4. Challenges
        1. Adherence to stringent regulatory standards and obtaining necessary approvals
        2. Competition from reusable endoscopes
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Disposable Endoscopy Market: Marketing Strategies
  5. Saudi Arabia Disposable Endoscopy Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
        1. Endoscopes
          1. Bronchoscopes
          2. Colonoscopes
          3. Duodenoscopes
          4. Gastroscopes
          5. Ureteroscopes
          6. Others (Capsule Endoscopes, Laparoscopes)
        2. Accessories
          1. Biopsy Forceps
          2. Guidewires
          3. Valves & Mouthpieces
          4. Others
      2. By Application
        1. Gastroenterology
        2. Pulmonology
        3. Urology
        4. Gynecology
        5. Orthopedics
        6. Others (Neurology, Cardiology)
      3. By End User
        1. Hospitals
        2. Ambulatory Surgical Centers (ASCs)
        3. Diagnostic Centers
        4. Specialty Clinics
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Disposable Endoscopy Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Disposable Endoscopy Market
  8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Karl Storz SE & Co. KG
    2. PENTAX Medical
    3. Apollo Endosurgery, Inc
    4. Diversatek, Inc.
    5. Fujifilm Holdings Corporation
    6. Stryker Corporation
    7. CONMED Corporation
    8. Olympus Corporation
    9. Other Prominent Players
  9. Key Strategic Recommendations
  10. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Saudi Arabia Disposable Endoscopy Segmentation

Figure 2       Saudi Arabia Disposable Endoscopy Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Disposable Endoscopy Market Size, By Value (USD Million), 2019–2030

Figure 5       Saudi Arabia Disposable Endoscopy Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 6       Saudi Arabia Disposable Endoscopy Market Share, By Application, By Value (USD Million), 2019–2030

Figure 7       Saudi Arabia Disposable Endoscopy Market Share, By End User, By Value (USD Million), 2019–2030

 

List of Tables

 

Table 1        Saudi Arabia Disposable Endoscopy Market Size, By Value (USD Million), 2019–2030 

Table 2        Saudi Arabia Disposable Endoscopy Market Size, By Product Type, By Value (USD Million), 2019–2030       

Table 3        Saudi Arabia Disposable Endoscopy Market Size, By Application, By Value (USD Million), 2019–2030       

Table 4        Saudi Arabia Disposable Endoscopy Market Size, By End User, By Value (USD Million), 2019–2030       

Table 5        Karl Storz SE & Co. KG Company Overview

Table 6        Karl Storz SE & Co. KG Financial Overview

Table 7        PENTAX Medical Company Overview

Table 8        PENTAX Medical Financial Overview

Table 9        Apollo Endosurgery, Inc Company Overview

Table 10      Apollo Endosurgery, Inc Financial Overview

Table 11      Diversatek, Inc. Company Overview

Table 12      Diversatek, Inc. Financial Overview

Table 13      Fujifilm Holdings Corporation Company Overview

Table 14      Fujifilm Holdings Corporation Financial Overview

Table 15      Stryker Corporation Company Overview

Table 16      Stryker Corporation Financial Overview

Table 17      CONMED Corporation Company Overview

Table 18      CONMED Corporation Financial Overview

Table 19      Olympus Corporation Company Overview

Table 20      Olympus Corporation Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Disposable Endoscopy Market size by value was estimated at USD 486.9 million in 2023.
Ans: Saudi Arabia Disposable Endoscopy Market by value is expected to grow at a CAGR of 5.60% during the forecast period between 2024 and 2030.
Ans: Saudi Arabia Disposable Endoscopy Market size is forecast to reach a value of USD 716.8 million by 2030.
Ans: Growth of Saudi Arabia Disposable Endoscopy Market is primarily driven by rising demand for minimally invasive procedures, infection control benefits, technological advancements, healthcare infrastructure development, and the increasing prevalence of gastrointestinal and respiratory diseases.
Ans: Key players in Saudi Arabia Disposable Endoscopy Market include Karl Storz SE & Co. KG, PENTAX Medical, Apollo Endosurgery, Inc, Diversatek, Inc., Fujifilm Holdings Corporation, Stryker Corporation, CONMED Corporation, and Olympus Corporation.
Ans: Hospitals segment accounts for the largest market share of Saudi Arabia Disposable Endoscopy Market by end user.