The size of the global endoscope reprocessing market was worth USD 1.7 billion in 2020. This figure is forecasted be growing at a CAGR of 8.69% to reach USD 2.5 billion by 2025.
An endoscope is used regularly in various procedures, and it is mandatory to maintain the device clean to avoid infections. Reprocessing involves the cleaning and sterilization of the devices. Also, endoscope reprocessing ensures to improve performance level along with high accuracy and reliability. The cleaning process undergoes the enzymatic detergents and has to be done at appropriate temperatures.
MARKET DRIVERS
The rising number of hospitals and the growing number of hospital investments in endoscopic instruments are accelerating market growth. Increased threat of infections associated with inappropriate purification of endoscopes is surging up the market of endoscope reprocessing market. Advancements in the technologies developed for use in endoscopic surgical instruments are expected to boost the market. Increasing demand for minimally invasive surgeries rise in the risk of infections due to improper sterilization process is one of the major factors driving the global endoscope processing market's growth. Growing support from both government and non-government institutes in healthcare centers is also propelling market growth.
Additionally, factors such as rising prevalence to launch innovative products in concern towards patient safety and increasing incidences of infectious diseases worldwide are pushing the growth forward. Moreover, the growing tendency to improve the quality of treatment procedures in hospitals, increasing the elderly population, and increasing chronic diseases' incidences are further fuelling the market growth for endoscope reprocessing.
MARKET RESTRAINTS
The shortage of skilled technicians in monitoring the systems more accurately and the high costs associated with the installation and maintenance of the devices are the significant restraints of the market growth.
Adverse complications that arise after the endoscopic treatment is one of the factors that obstruct the market growth. Recycling the instrumentation and reimbursements policies that are restricted in developing countries and the issues associated with the security of the reprocessed instruments further limit the market growth.
The rise in the complications during real-time due to system failures and the lack of awareness of some diagnostic procedures in rural areas are also hampering the demand for the endoscope reprocessing market.
Impact of COVID-19 on the global endoscope reprocessing market:
COVID 19 is announced as a pandemic by the World Health Organization (WHO) on March 11, 2020. The outbreak has disrupted the economy in almost every country in an unprecedented way. Due to lockdown restriction in the first half of 2020, the market growth curve is flattened. However, with the unlock guidelines and taking preventive measures, all the sectors resumed the world's activities. Increasing patients and limited resources in the healthcare sector prompts the market's demand in these challenging times. There is a risk of transmission through the endoscopes while performing surgeries. Endoscopy reprocessing devices play an essential role in avoiding the spread of the virus among healthcare providers and patients. To ensure a high-quality endoscopy treatment procedure, the professionals take care to control the novel coronavirus's spread. It is nearly a significant factor for the market to grow during this time.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Product, End User and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This research report on the Global Endoscope Reprocessing Market has been segmented and sub-segmented based on the product, end-user, and region.
Endoscope Reprocessing Market – By Product
Based on the Product, the High-Level disinfectants & test strips segment is accounted for the majority of the market share in the global endoscope reprocessing market in 2019. The growth is attributed to the growing eruption related to insufficient cleaning or disinfecting during the high-level disinfectants and increasing affixation to the rules and guidelines of endoscope reprocessing by healthcare centers. Moreover, escalating attention on health conditions among the sole and fascination towards a quick recognition of having a permanent cure for the diseases are soaring the market growth.
The automated endoscope reprocessors segment is estimated to grow at a healthy CAGR during the forecast period. It is projected to stand the second line leading the majority of the market share.
Endoscope Reprocessing Market – By End-User
By the end-user, the hospital's segment is ruling with the highest shares of the market. It is, due to the constructional activities of hospitals and clinics rise with the latest equipment is ascribed to bolster the demand of the market. Accessibility and presence of professional staff available and a growing number of endoscope cases reprocessing turning to hospitals are majorly driving growth to this market.
Ambulatory surgery centers are likely to have a quick growth rate during the period, followed by the hospital segment. The growth attributed to the growing number of endoscopic processes executed in the ambulatory surgery centers and increasing predilection of ASC's over the hospitals is majorly surging growth.
Endoscope Reprocessing Market – By Region:
Geographically, North America is holding the highest shares of the market owing to the quick acceptance of the latest technological developments. It is due to the recognition for new advanced technologies that come into the market, increasing commonness of diseases that need endoscopy procedures, and a better healthcare foundation. This region is attributed due to supportable repayable policies.
The Asia Pacific is following North America to lead dominant shares of the market with the rise in the elderly population and growing revenue in most countries.
Europe region is accounted to have quick growth rate in the upcoming years. It is likely to have a high CAGR due to the growing demand for the manufacturing of endoscopy instruments with further features that stimulate market growth in this region.
Latin America region is likely to grow with a CAGR of 8.5% to reach 0.23 billion during the period. The growth is also due to building hospitals, and the high risk of infections are the factors that help the growth in this region.
The Middle East and Africa are anticipated to have an inclined growth rate shortly.
KEY MARKET PLAYERS:
Noteworthy companies dominating the global endoscope reprocessing market profiled in this report are Advanced Sterilization Products (ASP) (U.S.), Cantel Medical (U.S.), Laboratories Anios (France), Olympus (Japan), Wassenburg Medical (The Netherlands), Custom Ultrasonics (U.S.), STERIS (U.S.), Steelco (Italy), Getinge (Sweden), ENDO-TECHNIK (Germany), BES Decon (U.K.), ARC Healthcare Solutions (Canada) and Metrex Research (U.S.).
MAJOR HAPPENINGS IN THIS MARKET IN THE RECENT PAST:
On February 04, 2020, Olympus has received the FDA clearance of 510 (K) for their TJ F-Q190V duo-endoscope, which uses a novel flush adapter to decrease the opportunity pathogens, and the duodendoscopes are to perform the endoscopic procedure.
On October 02, 2019, Cantel Medical completed the proceedings of acquisition with Hu-Friedy Mfg. The products include highly processed medical device reprocessing systems are used for renal and endoscopy dialysis.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 High-Level Disinfectants & Test Strips
5.1.3 Detergents & Wipes
5.1.4 Automated Endoscope Reprocessors
5.1.4.1 Single-Basin Automated Endoscope Reprocessors
5.1.4.2 Double-Basin Automated Endoscope Reprocessors
5.1.5 Endoscope Tracking Systems
5.1.5.1 Advantages of Endoscope Tracking Systems
5.1.6 Endoscope Drying, Storage, & Transport Systems
5.1.7 Other Products
5.1.8 Y-o-Y Growth Analysis, By Product
5.1.9 Market Attractiveness Analysis, By Product
5.1.10 Market Share Analysis, By Product
5.2 End User
5.2.1 Introduction
5.2.2 Ambulatory Surgery Centers
5.2.3 Hospitals
5.2.4 Other End Users
5.2.5 Y-o-Y Growth Analysis, By End User
5.2.6 Market Attractiveness Analysis, By End User
5.2.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Advanced Sterilization Products
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Cantel Medical
8.3 Laboratories Anios
8.4 Olympus
8.5 Wassenburg Medical
8.6 Custom Ultrasonics
8.7 STERIS
8.8 Steelco
8.9 Getinge
8.10 ENDO-TECHNIK
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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