Automated Endoscopy Reprocessor Market Size, Growth and SWOT Analysis by Key Players Cantel Medical Corp., Johnson & Johnson, Laboratoires Anios, Olympus Corporation, Steelco SpA, Steris, Getinge Group
Key players in automated endoscopy reprocessor market are investing significantly in new product development and innovations in existing products, and focus on strategic collaboration to enhance their market share. For instance, in April 2018, Cantel Medical received FDA approval to sell its new automated endoscope reprocessor, Advantage Plus Pass-Thru. The device provides high-level disinfection for commonly used endoscopes, including duodenoscopes.Increasing number of gastrointestinal (GI) diseases demanding endoscopic procedures are expected to drive the automated endoscope reprocessor market growth. According to a National Institute of Health data 2014, around 20 million GI endoscopic procedures are performed annually in the U.S. Endoscopy professionals are at risk of chemicals, body fluids contamination of patients, muscle skeleton injuries, and exposure of radiation. According to International Journal of Surgery report published in 2014, the rate of contracting an infection, during a gastrointestinal endoscopic procedure is around one in 1.8 million operations. However, this infection rate may be underrated due to incomplete surveillance, asymptomatic infections, under-reporting, and infections with a long incubation period.
AERs replace few manual steps involved in endoscope reprocessing. AERs have basins to allow endoscopes to be submerged in high-level disinfection (HLD) solution. After HLD cycle, AERs automatically cleans the reprocessed endoscope with water to remove toxic HLD solution residues followed by forced air to dry the endoscope channels and prevent growth of waterborne pathogenic microorganisms during storage.
"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)."
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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.
The Global Automated Endoscopy Reprocessor Market, by Product Type (Single Basin and Double Basin), by Modality (Portable and Standalone), by End User (Hospital, Diagnostic Laboratories, and Ambulatory Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 845.3 million in 2017 and is projected to exhibit a CAGR of 6.7% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights. Automated endoscopy reprocessor (AER) market is expected to grow at significant rate, owing to rising number of gastrointestinal (GI) diseases demanding endoscopy procedures.
Several product recalls from leading manufacturers requires product upgrade and manufacturing of innovative products. For instance, in 2016, the FDA signed off on Cantel's Medivators (Advantage Plus and DSD Edge) and Steris (System 1E Liquid Chemical Sterilant Processing System) automated endoscope reprocessors that are labeled for use with duodenoscopes. In the same year, the organization also signed off on a new version of a duodenoscope from Olympus.
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.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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