Global Endoscope Reprocessing Device Market, Highlights Growth Overview and Estimates Market Size by 2026

An extensive forecast study, titled “Endoscope Reprocessing Device Market: Hospitals to Remain Most Attractive Segment by End User during the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)” “has been broadcasted to the online repository of Market Research Reports Search Engine (MRRSE). This 259-page precise study encapsulates valuable details about the market current scenario as well as its future projections on a global and regional level. It further intensely aims to provide major insights into the market’s growth throughout the above-mentioned forecast period in terms of volume and revenue (in US$ Mn). Moreover, the research also investigates market expansion in some of the prime regions such as North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA).

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Regional trends governing the global endoscope reprocessing device market

MEA- Rising technological advancement and spending on healthcare facilities

Increasing demand for advanced healthcare services, increase in purchasing power, lower pricing in the region and green field opportunities for the development of medical infrastructure are factors fuelling the demand for endoscopes reprocessing devices in the Middle East and Africa region. Mandatory insurance schemes is a priority of various countries’ governments in the region which is also expected to drive patients to seek better healthcare treatment over the forecast period. The Middle East and Africa region is considered to be the fastest growing region in the next few years as the healthcare spending in the region is anticipated to rise by 10 % annually.

Western Europe- Expansion via partnerships and collaborations

Original Equipment Manufacturers (OEMs) lay greater emphasis on collaboration and partnership activities with local and regional players from Europe to expand sales and after sales services for endoscope reprocessing devices. The companies also focuses on establishing new set ups in Europe to support manufacturing and sales activities. Through partnerships and collaborations with regional players and third party service vendors, companies transfer technology and rights of after sales service to strengthen their brand recognition in the market, which is anticipated to fuel growth of the endoscope market as well as the endoscope reprocessing device market.

Japan- Increasing awareness among medical practitioners and public about incidents of infection and disease transmission threats

Outbreaks of bacterial infection associated with endoscopes is due to improper reprocessed endoscopes. Growing concern of technicians and physicians about patient safety is expected to drive the growth of endoscope reprocessing device market in Japan. Rising awareness regarding the use of endoscope reprocessing for securement of exogenous and endogenous infections is associated with flexible endoscopy which is expected to fuel an overall demand for endoscope reprocessor systems, particularly in Japan.

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APEJ- Increasing Demand of the automated reprocessing over manual cleaning Procedures

The demand for automated reprocessing of endoscope over conventional procedures in the region is increasing, due to various benefits, such as less procedure time, shorter hospital stay, effectiveness and surety of contamination free procedures. The rising demand for endoscopy related surgical procedures, i.e. the minimally invasive procedures is fuelling demand for endoscopes in the region. The demand of endoscopes primarily stems from countries, such as Singapore, India, China, Korea and Japan that have developed medical infrastructure. Increased affordability for endoscopes also contributes towards the increased number of endoscopes. The APEJ market is expected to be the most lucrative market for endoscope reprocessing devices, due to the increasing demand for endoscopes in the region.

North America- Increasing Government Spending on Healthcare in the U.S

Increasing government spending in North America is expected to boost growth of the endoscope and endoscope reprocessing device markets.  As per the centres for Medicare and Medicaid Services, the overall healthcare spending in North America is expected to increase at an average of 4.6 percent per year during the period 2016–2019. National health spending in the U.S. is projected to grow at an average of 5.6 percent per year, due to the large health insurance coverage impact of the Affordable Care Act. This act resulted in growth of the insured share of the population and is projected to be 91.5 percent in 2025. As a result of the increasing trend of government spending, the U.S. is going to see expanding interest for overall medical devices including endoscopes in 2017.

With 8.2% CAGR, the hospital segment of the end user type dominates the global endoscope reprocessing device market

Hospitals segment dominated the global endoscope reprocessing device market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period. The hospitals segment is expected to be the most lucrative among all end user segments, with attractiveness index of 2.1. Ambulatory surgical centres segment is expected to be the second largest market for endoscope reprocessing device market, with market share index of 0.6. Speciality clinics segment remain third-most largest market and represents market share index of 0.3.

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