Endoscope Reprocessing Market Insights:
Endoscope reprocessing market is anticipated to grow at a CAGR of more than 10 percent over the forecast period due to growing importance of diagnostic and therapeutic endoscopy procedures along with increasing number of minimally invasive surgeries across the globe. Rising number of surgical procedures coupled with the increase in the hospital-acquired infections are some of the key factors contributing to the growth of this industry.
Increase in aging population who are more prone to diseases coupled with growing awareness of individuals about sterilization and disinfection are anticipated to positively impact the industry over the coming years.
Endoscope reprocessing solutions are mostly used in the manual cleaning of the instrument with an enzymatic detergent. However, it requires skilled & trained individuals to use the device efficiently in order to avoid future complications. The complexity involved in cleaning the device such as heat sensitive material or chemical sensitive material are likely to restrain the growth of endoscope reprocessing market over the coming years.
Endoscope reprocessing market is estimated to witness a rapid growth over the forecast period due to increased application of it in diagnosing various diseases. Moreover, several players in the market are expanding their product portfolio in endoscope reprocessing market which is anticipated to change industry dynamics over the coming years.
Endoscope Reprocessing Market - Product Insights:
Based on the products, the endoscope reprocessing market is segmented into ultrasonic washers, pasteurizers, washer-disinfectors, sterilizers, and automated endoscope reprocessors. Automated endoscope reprocessors are further divided into single basin automated endoscopic reprocessors and double basin automated endoscopic. Automated endoscope reprocessors (AERs) segment is anticipated to register a majority revenue share owing to its success rate in cleaning endoscopes.
Endoscope Reprocessing Market - Modality Insights:
Based on modality, the endoscope reprocessing market is divided into a stand-alone endoscopic reprocessors and bench top endoscopic reprocessors. The bench top endoscopic reprocessors segment is anticipated to witness higher growth rate as they are easy to handle and can be moved freely with minimum efforts.
Endoscope Reprocessing Market - End User Insights:
On the basis of end-user, the endoscope reprocessing market is divided into ambulatory surgical centers, hospital, and Specialty Clinics. The hospital's segment is projected to witness highest CAGR over the forecast period. The growing number of surgical procedures globally is anticipated to be one of the major reasons for this growth.
Endoscope Reprocessing Market - Regional Insights:
North America and Europe are anticipated to show significant growth over the forecast period due to growing number of the related surgical procedures coupled with the presence of strong players in the industry. Asia Pacific market is anticipated to show lucrative growth over the forecast period owing to a huge number of patient pool, rise in geriatric population and increased scope for medical tourism.
Endoscope Reprocessing Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase from global endoscope reprocessing market. The major consumers of the product are Bumrungrad International Hospital, Palomar Medical Center, and El Camino Hospital.
Endoscope Reprocessing Market - Competitive Landscape
Some of the major players in the global endoscope reprocessing industry include STERIS Plc., Soluscope, Cilag GmbH International, ENDO-TECHNIK W.Griesat GmbH, Getinge AB, Steelco S.p.A., Wassenburg Medical B.V., MEDIVATORS Inc. (Cantel Medical Corp.), Johnson & Johnson and Minntech Corp.
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