The Endoscope Reprocessing Market To Thrive Owing To The Increasing Number Of Hospitals

The Endoscope Reprocessing Market To Thrive Owing To The Increasing Number Of Hospitals

ID: 6744 | October 2018 | Region: Global

The Endoscope reprocessing Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Endoscope Reprocessing Market is estimated to be USD 1.42 Billion in 2017 and predicted to rise to USD 2.15 Billion by 2022 with a CAGR of 8.6%. The market is segmented by. By Product (High Level Disinfectants And Test Strips, Detergents And Wipes, Automated Endoscope Re Processors, Endoscope Drying, Storage And Transport Systems, Endoscope Tracking Systems And Other Products), By End User (Hospitals, Ambulatory Surgery Centers And Others).Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The major driving factors of the market are Growing number of hospitals, increasing investments in endoscopy instruments, high risk of infections associated with improper sterilization of endoscopes, increasing investments. Factors like increasing grants by government bodies across the globe and rising prevalence of diseases that require endoscopy procedures are also expected to boost the market growth.

The market for Endoscope Reprocessing is broadly categorized into product and end user. By product the market is divided into high level disinfectants and test strips, detergents and wipes, automated endoscope reprocessors, endoscope drying, storage and transport systems, endoscope tracking systems and other products. High level disinfectants and test strips account for a major share of the market. Automated endoscope reprocessors is expected to grow at a fast pace. By end user the market is segmented into hospitals, ambulatory surgery centres and others. The hospitals segment is expected to dominate the market revenue. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Endoscope Reprocessing market was dominated by North America followed by Europe. Asia Pacific is expected to grow at a high CAGR.

Some of the major companies dominating the market, by their products and services include Advanced Sterilization Products (ASP) (US), Cantel Medical (US), Laboratories Anios (France), Olympus (Japan), Wassenburg Medical (The Netherlands), Custom Ultrasonics (US), STERIS (US), Steelco (Italy), Getinge (Sweden), ENDO-TECHNIK (Germany), BES Decon (UK), ARC Healthcare Solutions (Canada), and Metrex Research (US) among others.

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