According to the new market research report "Endoscope Reprocessing Market by Product (HLD and Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors (AER), Endoscope Drying, Storage, & Transport Systems, Tracking Solutions), End User (Hospitals, ASCs & Clinics) - Global Forecast to 2027", published by MarketsandMarkets™, the global market is projected to USD 3.8 billion by 2027 from USD 2.4 billion in 2022, at a CAGR of 9.7% from 2022 to 2027.
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Automated Endoscope Reprocessors are expected to accounted the highest CAGR of the endoscope reprocessing market, by product in 2021.
Based on product, the global endoscope reprocessing industry is segmented into high-level disinfectants and test strips; detergents & wipes; endoscope tracking systems; endoscope drying, storage, and transport systems; automated endoscope reprocessors (AERs); and other products (brushes and flushing aids, leak testers, hookups, and sponges). In 2021, the automated endoscope reprocessors (AERs) segment holds the highest CAGR of the global endoscope reprocessing market. The highest CAGR of this segment is due to The increasing adoption of automated endoscope reprocessors in hospitals for endoscope reprocessing, the rising number of endoscopy procedures, the increasing development of novel automated endoscope reprocessors, and the rising geriatric population are expected to drive the market for AERs.
Hospitals are expected to accounted the highest CAGR of the endoscope reprocessing industry, by end user in 2021.
Based on end users, the global endoscope reprocessing market is segmented into hospitals, ambulatory surgery centers and clinics, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy centers). In 2021, the hospitals segment has the highest CAGR due increasing number of endoscopic surgeries performed has resulted in the increasing incidence of infections caused due to endoscopes. This has compelled hospitals to install endoscope reprocessing units.
Asia Pacific accounted the highest CAGR of the automated endoscope reprocessing industry in 2021.
Based on region, the endoscope reprocessing market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2021, Asia Pacific has the highest CAGR of the endoscope reprocessing market. The highest CAGR of Asia Pacific can be attributed to factors such as is driven by the growing awareness of early disease diagnosis in developing countries and the rising technological advancements in endoscope reprocessing. Emerging economies such as China, Japan, and India are providing lucrative opportunities for the players operating in the endoscope reprocessing market.
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Recent Developments
- In 2022, Getinge partnered with IFC to help increase access to medical equipment across Africa
- In 2021, Getinge AB partnered with researchers from the School of Business, Economics, and Law at the University of Gothenburg, Sweden, on customer-centric innovation and sustainability. This will help the company gain access to the researchers socially relevant and applicable knowledge.
- In 2021, Steelco S.p.A launched EW 1 S MAXI, which has been developed in conjunction with leading decontamination specialists and which incorporates all the latest technologies to increase safety, efficiency, and ease of use in the endoscope reprocessing practices
- In 2020, ENDO-TECHNIK GmbH entered into a definitive agreement to ALBYN MEDICAL SL and Medi-Globe Group. The definitive agreement enables both companies to focus on their strategic objectives while continuing a lasting business relationship.
- In 2020, Olympus Corporation launched OER-Elite.
- In 2019, Fortive Corporation acquired Advanced Sterilization Products from Ethicon, Inc. (a subsidiary of Johnson & Johnsonthis acquisition enabled Fortive to portray an increased commitment to enhance the safe operations of hospitals and healthcare facilities worldwide.
Key Market Players:
Cantel Medical (US), Advanced Sterilization Products (ASP) (US), Olympus Corporation (Japan), Ecolab (US), STERIS (Ireland), Getinge AB (Sweden), Wassenburg Medical (Netherlands), CONMED Corporation (US), Belimed AG (Switzerland), Endo-Technik W. Griesat (Germany), Custom Ultrasonics (US), Steelco S.p.A. (Italy), BES Healthcare Ltd (UK), ARC Healthcare Solutions (Canada), Metrex Research, LLC. (Canada), Richard Wolf GmbH (Germany), Medalkan (Greece), Micro-Scientific, LLC (US), Borer Chemie AG (Switzerland), Tuttnauer (Netherlands), ATMS (Canada), Summit Imaging, Inc. (US), Medonica Co. LTD (South Korea), SHINVA MEDICAL INSTRUMENT CO. LTD (China), and Medical Devices Group Srl (Italy).
Frequently Asked Questions (FAQ):
- Which region is anticipated to witness considerable growth in the endoscope reprocessing market?
- Which product is expected to hold the largest share in the endoscope reprocessing market?
- Which are the driving factors of the endoscope reprocessing market?
- What are the challenges witnessed in the endoscope reprocessing market?
- What is the impact of COVID-19 on endoscope reprocessing market?
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