Press Release: April 23, 2020
The global automated endoscope reprocessing market was valued at USD 433.2 million in 2017 and is projected to reach USD 683.5 million by the end of 2025, growing at a CAGR of 5.9% during 2018–2025.
The key factors bolstering the market growth are increasing number of endoscopy procedures coupled with minimally invasive surgeries, paradigm shift towards automated reprocessing from manual cleaning procedures, rising concerns pertaining to infection-free endoscopy, improved reimbursement policy, and stringent rules & regulations in the healthcare industry. Moreover, the steady rise in the volume of endoscopic procedures has increased demand for automated endoscope reprocessing device across the globe.
Based on the device type, double basin automated endoscope reprocessors are anticipated to lead the market during 2018-2025
Double basin device type segment is anticipated to dominate the market during the forecast period owing to surging adoption rate of double basin automated endoscope reprocessors in hospitals, especially in infection prevention and control department and rising awareness regarding the use of double basin endoscope reprocessing devices. The end-user segment includes hospitals, ambulatory surgical centers and clinics. Hospital segment held the largest share in the 2017 and is predicted to grow at a promising growth rate during the forecast period, owing to, significant healthcare spending and increasing government and private investments for healthcare facilities infrastructure.
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Various notable players operating in the market include, STERIS Plc., Olympus Corporation, Getinge AB, Steelco S.p.A., Cantel Medical Corp., Laboratory Anios, Hoya Corporation, Metull Zug AG, Advanced Sterilization Products Services Inc. (Johnson & Johnson). among others.
The global automated endoscope reprocessing device market has been segmented based on device type, modality type, end use and key geographies. Based on the device type which include single basin automated endoscope reprocessing device and double basin automated endoscope reprocessing device. Based on Modality type, the market comprises of standalone and bench top. Based on end use, the market has been segmented into hospitals, ambulatory surgical centres and clinics. The research report provides in-depth analysis of the global automated endoscope reprocessing market, based on device type, modality, end use and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers fuelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for automated endoscope reprocessing market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
1. At what pace is automated endoscope reprocessing market growing, globally? What will be the growth trend in future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the automated endoscope reprocessing market?
4. What are the various application areas and how they are poised to grow?
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