Chicago, Aug. 04, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, endoscope reprocessing market is expected to grow at a CAGR of over 8.5% during 2022-2027. The presence of a large target population and endoscope reprocessing equipment manufacturers contributes to the high market share of North America. APAC is likely to be the fastest growing region with the highest CAGR of 9.60% during the forecast period. The main reason for fast growth in the region is due to the growing availability of endoscope reprocessing systems, the presence of cheap labor, the low cost of manufacturing, and major technological advances in the healthcare sector.
In 2021, automated endoscope reprocessing accounted for an over 68% share in the global endoscope reprocessing market. Endoscopes are semi critical devices that require a high level of disinfection. There are two methods of endoscope disinfection: manual disinfection and automated endoscope reprocessing. During manual disinfection, the cleaner is exposed to an irritant and toxic disinfectant solution. Sufficient cleaning requires manpower, and a constant level of disinfection effects is hardly obtained even though only one person performs the whole process. Therefore, automated endoscope reprocessing (AERs) are frequently used these days.
Global Endoscope Reprocessing Market Report Scope
| Report Attributes | Details | |
| MARKET SIZE (2027) | $3.3 Billion | |
| MARKET SIZE (2021) | $2.02 Billion | |
| CAGR (2022-2027) | 8.37% | |
| BASE YEAR | 2021 | |
| FORECAST YEAR | 2022-2027 | |
| MARKET SEGMENTS | Product (Reprocessing Equipment, Disinfectants, Detergents, Drying, Storage & Transport Systems, Others), End User (Hospitals, Specialty Clinics & Medical Office Suites, Standalone Reprocessing Service Facilities, Others) | |
| GEOGRAPHIC ANALYSIS | North America, APAC, Europe, Latin America, and MEA | |
| KEY VENDORS | Steris, Ecolab, Getinge AB, Olympus, and Fortive | |
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Increasing Hospital Investments in Endoscopes & Related Reprocessing Systems
Healthcare facilities and other standalone diagnostics centers are under more pressure to run an efficient, profitable operation for performing endoscopic procedures. Many endoscopy departments undertake efforts to increase their volume without increasing their procedure costs. In 2021, the Jamaican government announced an investment of around $700 million to procure diagnostic and other medical devices. In addition, preparatory groundwork is underway on a new over $17 million state-of-the-art endoscopy unit. The funding is part of a $28.23 million emergency national capital investment given to Queen Elizabeth Hospital (QEH), which will modernize the hospital’s facilities for patients, their families, and staff.
In 2022, an investment of over $6 million was made in a new endoscopy and urology diagnostic hub at the Friarage Hospital in Northallerton, UK, which is due to open later this year. The new hub will provide state-of-the-art facilities to patients undergoing urology and endoscopy procedures. Such funding also contributes to the increased purchase of endoscope reprocessing. For instance, in February 2022, the Rotary Club of Wellington, Canada, entered a second pledge commitment with the Prince Edward County Memorial Hospital Foundation to fund up to $60,000 to purchase an AER needed at the Quinte Health Care Prince Edward County Memorial Hospital, Canada.
With the increased investments and fundings made for endoscopes and their reprocessing equipment, more patients can easily undergo these procedures, minimizing the risk of endoscopic infections that can pass to patients and healthcare professionals. Such factors will contribute to the growth of the global endoscope reprocessing market during the forecast period.
Key Insights
- The market is further segmented by reprocessing equipment into automated endoscope reprocesses and disinfection & sterilization systems accounting for around 69% and 31% market shares, respectively, in 2021.
- The global endoscope reprocessing market is segmented into hospitals, specialty clinics & medical office suites, standalone reprocessing service facilities, and others. The standalone reprocessing service facilities segment is likely to witness the highest CAGR of over 9% during the forecast period.
- APAC is likely to be the fastest growing region with the highest CAGR of more than 9.50% during the forecast period. The main reason for fastest growth to likely occur in the region is due to the growing availability of endoscope reprocessing systems, presence of cheap labor and low cost of manufacturing, as well as major technological advancements in the healthcare sector.
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2027
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product end-user, and geography
- Competitive Landscape – 5 Key Company Profiles and 30 Other Prominent Vendors
Key Vendors:
- STERIS
- Ecolab
- Getinge AB
- Olympus
- Fortive
Other Prominent Vendors
- 3M
- ATMS
- Metall Zug
- BES Healthcare
- CONMED
- Hoya
- CREO Medical
- Medalkan
- Medical Devices
- Metrex Research
- PurposeBuilt
- Richard Wolf
- Summit Imaging
- NanoSonics
- Pentax medical
- Mitra Group
- CENSIS
- Sympliant
- Acuro Organics
- Becto
- Brulin
- Cardinal Health
- Cetylite
- Contec
- Hygiene-Konzepte
- Lonza
- Hako Group
- Pharmax
- The Clorox
Market Segments
Product:
- Reprocessing Equipment
- Disinfectants
- Detergents
- Drying, Storage & Transport Systems
- Others
End-User
- Hospitals
- Specialty Clinics & Medical Office Suites
- Standalone Reprocessing Service Facilities
- Others:
Geography
North America
- US
- Canada
Europe
- UK
- France
- Germany
- Italy
- Spain
APAC
- Japan
- China
- India
- South Korea
- Australia
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- South Africa
Explore our healthcare lifesciences profile to know more about the industry.
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