endoscope-reprocessing-device-market

Endoscope Reprocessing Device Market By product type, By Modality, By End User - Growth, Share, Opportunities & Competitive Analysis, 2024 - 2032

05 May 2023 Format PDF icon PPT icon XLS icon Request Sample

Endoscope reprocessing device market is expected to grow at 6.5% by 2031. Endoscope reprocessing involves the cleaning, disinfection and sterilization of medical instruments, and encompasses the steps of cleaning, rinsing, disinfection, secondary rinsing, drying, and storage. It is the fastest-growing segment in the disinfection technologies market due to rise in tide of cleaning standards and mounting pressure for sterilized and disinfected medical device in hospitals and clinics. Growing importance of diagnostic and therapeutic endoscopy procedures and an increasing number of minimally invasive surgeries across the globe are some of the key factors contributing to the growth of this market.

The surge in use of endoscopes, the risk of infections linked to reprocessing is also increasing. When endoscopes are used on multiple patients, they become contaminated with microorganisms. In order to avoid such risk of infection, endoscopes undergo a detailed and automated multistep process to clean or sterilize them, known as reprocessing. Special care must also be taken while reprocessing endoscopes as inadequate reprocessing can result in adverse patient outcomes, such as tissue irritation from residual reprocessing materials (chemical disinfectants). It is also important that the endoscope be designed in such a way so that it can be adequately reprocessed.

Reprocessing of endoscopes involves three steps:

  • Initial cleaning and measures to prevent contamination on the device
  • Device is thoroughly cleaned in a dedicated cleaning area
  • The device is disinfected or sterilized and finally put back into use

The entire endoscopy market is also expected to grow in coming years thus propelling the reprocessing and cleaners segment of the market. The infection control market witnessed healthy growth in the last decade owing to rising aging population and prevalence of chronic diseases, an increase in the number of surgeries performed, and the rising occurrence of hospital-acquired infections. Though, stringent regulations and saturation in developed economies will restrict the growth of the market to a certain extent.

North America accounts for largest share of the infection control market, followed by Europe, Asia- Pacific is emerging market. However, Asia is expected to display favorable growth in coming years, primarily due to rise in awareness, growth of ageing population, increase in number of surgeries, and growth in per capita income.

Key Players Identified for Endoscope Reprocessing Device Market Include but are Not Limited to:

STERIS Plc., Cilag GmbH International, Soluscope, ENDO-TECHNIK W.Griesat GmbH, Getinge AB, Wassenburg Medical B.V., Steelco S.p.A., MEDIVATORS Inc. (Cantel Medical Corp.), Johnson & Johnson, Minntech Corp, Olympus Corporation, HOYA Corporation, SciCan Inc, Shinva medical instrument co., ltd, Belimed AG (Metall Zug), Advanced Sterilization Products Services Inc. and other notable players.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Endoscope Reprocessing Device market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Endoscope Reprocessing Device market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
product type
  • Ultrasonic washers
  • Pasteurizers
  • Washer-disinfectors
  • Sterilizers
  • Automated endoscope reprocessors (AERs)
    •     Single basin automated endoscopic reprocessors
    •     Double basin automated endoscopic reprocessors

Modality
  • Stand- alone endoscopic reprocessors
  • Bench top endoscopic reprocessors

End User
  • Hospitals
  • Ambulatory Surgical Center
  • Specialty Clinics

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Endoscope Reprocessing Device market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Endoscope Reprocessing Device market?
  • Which is the largest regional market for Endoscope Reprocessing Device market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Endoscope Reprocessing Device market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Endoscope Reprocessing Device market worldwide?
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