The size of the global endoscope reprocessing market was worth USD 1.7 billion in 2019. This figure is forecasted be growing at a CAGR of 8.69% to reach USD 2.5 billion by 2024.
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 with the enzymatic detergents and has to be done in appropriate temperatures.
MARKET DRIVERS
The rising number of hospitals and also growing number of hospital investments endoscopic instruments are accelerating the market growth. Increase threat of infections associated with inappropriate purification of endoscopes is surging up the market of endoscope reprocessing market. Advance technologies that are developed for the use in endoscopic surgical instruments that boost up the market. Increasing demand for minimally invasive surgeries rise in the risk from infections due to improper sterilization process are some of the major factors driving the growth of the global endoscope processing market. Growing support from both government and non-government institutes in healthcare centres is also propelling the market growth.
Additionally, factors such as rising prevalence to launch innovative products in concern towards patient safety, increasing incidences of infectious diseases across the world are pushing the growth forward. Moreover, the growing tendency to improve the quality of treatment procedures in hospitals, increasing the elderly population and increasing incidences of chronic diseases 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 installation and maintenance of the devices are the significant restraints the market growth.
Adverse complications that arise after the endoscopic treatment is one of the factors that obstruct the market growth. Recycling of the instrumentation and reimbursements policies that are restricted in developing countries and the issues that are associated with the security of the reprocessed instruments are further limiting the market growth.
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 to hamper the demand for the endoscope reprocessing market.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2018 to 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 to 2024 |
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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 |
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Market Leaders Profiled |
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.) |
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 due to the growing eruption related to the insufficient cleaning or disinfecting during the high-level disinfectants and also, increasing affixation to the rules and guidelines of endoscope reprocessing by healthcare centres. 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.
Automated endoscope reprocessors segment is estimated to grow at a healthy CAGR during the forecast period and projected to stand the second line in 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 cases of endoscope reprocessing turning to hospitals are majorly driving growth to this market.
Ambulatory surgery centres are likely to have a quick growth rate during the period followed by hospitals segment. The growth attributed due to the growing number of endoscopic processes executed in the ambulatory surgery centres and also increasing predilection of ASC's over the hospitals is majorly surging growth to this segment.
Regional Analysis
Geographically, North America is holding the highest shares of the market by owing to quick acceptance of the latest technological developments. It is due to the recognition for new advance technologies that come into the market and increasing commonness of diseases which need endoscopy procedures and also the existence of better healthcare foundation. This region is attributed due to supportable repayable policies.
The Asia Pacific is following North America in leading dominant shares of the market with the rise in the elderly population and also growing revenue in most of the countries.
Europe region is accounted to have quick growth rate in the upcoming years. It is likely to have high CAGR due to the growing demand for the manufacturing of endoscopy instruments with further features is stimulating the 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, and the growth is also due to building hospitals and high risk of infections are the factors that help the growth in this region.
The Middle East and Africa are anticipated to have inclined growth rate shortly.
TOP COMPANIES IN THE MARKET
Noteworthy companies dominating the global endoscope reprocessing market profiled in this report are Advanced Sterilization Products (ASP) (United States), Cantel Medical (United States), Laboratories Anios (France), Olympus (Japan), Wassenburg Medical (The Netherlands), Custom Ultrasonics (United States), STERIS (United States), Steelco (Italy), Getinge (Sweden), ENDO-TECHNIK (Germany), BES Decon (United Kingdom), ARC Healthcare Solutions (Canada) and Metrex Research (United States).
RECENT MARKET DEVELOPMENTS
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.
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 of pathogens, and the duodendoscopes are to perform the endoscopic procedure.
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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