Researchers Discover Potential of Automated Endoscopy Reprocessor Market With Major Key Players Cantel Medical Corp., Johnson & Johnson, Laboratoires Anios, Olympus Corporation, Steelco SpA

Emerging nations are experiencing remarkably high demand for minimally invasive surgical procedures due to increasing disease burden and rising disposable income. However, lack of healthcare professionals skilled in endoscopic procedures and lack of proper medical equipment has created an imbalance between demand and supply. Moreover, a sturdy rise is observed every year in demand for endoscopy in all modern healthcare systems. According to International Journal of Gastroenterology Disorders & Therapy article 2015, about 30 million endoscopic procedures are performed annually in the U.S. Endoscopic products manufacturers are using their technology and services to fulfil this growing demand.

"The global automated endoscopy reprocessor market size was valued at US$ 845.3 million in 2017 and is expected to witness a robust CAGR of 6.7% over the forecast period (2018–2026)."

Furthermore, in 2014, Cantel Medical Corp. acquired PuriCore International Ltd., a provider of automated endoscope reprocessors, endoscope drying and storage cabinets, chemistry and consumables for US$ 26.9 million. Moreover, collaborations among manufacturers, accrediting organizations, healthcare providers, professionals, and government organizations can help resolve problems associated with risk of infection transmission, endoscope and AER design, and other issues related to endoscope reprocessing.

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Various factors such as rising cases of stomach ulcers, increasing alcohol consumption, lack of proper diet and increasing incidence of autoimmune diseases are contributing to the rise of GI disorders worldwide. Common GI diseases include colorectal cancer, ulcerative colitis, gastro esophageal reflux disease, Crohn’s disease, and inflammatory bowel disease.

"Increasing demand for endoscopic devices is expected to drive the automated endoscopy reprocessor market growth"

Emerging nations are experiencing remarkably high demand for minimally invasive surgical procedures due to increasing disease burden and rising disposable income. However, lack of healthcare professionals skilled in endoscopic procedures and lack of proper medical equipment has created an imbalance between demand and supply. Moreover, a sturdy rise is observed every year in demand for endoscopy in all modern healthcare systems. According to International Journal of Gastroenterology Disorders & Therapy article 2015, about 30 million endoscopic procedures are performed annually in the U.S. Endoscopic products manufacturers are using their technology and services to fulfil this growing demand.

In addition to this, in November, 2015, the FDA ordered Custom Ultrasonics to recall all of its AERs from health care facilities due to the firm’s violations of the FD&C Act, applicable regulations, and the Consent Decree. Continuous product recalls due to stringent government regulations is expected to adversely affect the market growth, however, the opportunity to manufacture advanced products in harmony with government norms can open opportunities.

Major players operating in the global automated endoscopy reprocessor market include Cantel Medical Corp., Johnson & Johnson, Laboratoires Anios, Olympus Corporation, Steelco SpA, Steris Plc., Getinge Group, Hoya Group, and Metall Zug AG.

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This release was published on openPR.