The size of the global endoscope reprocessing market is valued at USD 1.85 billion in 2021. This figure is forecasted be growing at a CAGR of 8.69% to reach USD 2.80 billion by 2026 during the forecast period 2021 to 2026.
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 expected to drive the global endoscope reprocessing 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 the market growth.
Additionally, factors such as the 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, increase the elderly population and increase chronic diseases' incidences further fuel 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 are 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 also hamper the demand for the endoscope reprocessing market.
Impact of COVID-19 on the global endoscope reprocessing market:
The SARS-CoV-2 is responsible for the COVID 19 eruption that has led to a worldwide pandemic affecting almost every industry, including the healthcare industry. The COVID 19 has charged a severe burden on endoscopy devices and units worldwide. While performing any endoscopy surgery, there are high chances for the threat of virus transmission of the COVID 19 virus. In September 2020, the Department of Medicine A, University Medicine Greifswald, Germany, surveyed 48 countries and discovered that all the centers reduced their endoscopy volumes during the pandemic crisis. Endoscopy healthcare faces a colossal threat during the COVID 19 period. Based on the nationwide survey with 1,000 respondents, the COVID 19 pandemic considerably decreased the endoscopy activity units, essentially limiting the endoscopy unit's activity in public and private settings. The advancements in endoscope reprocessing executed amidst the COVID 19 emergency were efficient in confirming the absence of SARS-CoV-2, condensing the threat of infections post endoscopy on COVID 19 patients.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2026 |
|
Base Year |
2020 |
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Forecast Period |
2021 to 2026 |
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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. Due to the construction activities of hospitals and clinics rising with the latest equipment is ascribed to bolster the market demand. 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, the North American market is predicted to dominate the global endoscope reprocessing market due to the quick acceptance of the latest technological developments. It is further driven by 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 estimated to be the fastest-growing regional market globally due to the rise in the elderly population and growing revenue in most countries.
The European market is forecasted to register a substantial share in the global market during the forecast period. 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.
The Latin American region is likely to grow with a CAGR of 8.5% and worth 0.23 billion by 2025. 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:
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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