Endoscope Reprocessing Devices Market is Expected to Increase around US$ XX Mn by 2025

Endoscope Reprocessing Devices Market is Expected to Increase around US$ XX Mn by 2025, Due to Rise in Risk of Infection due to Contaminated Endoscope Devices

“The Endoscope Reprocessing Devices Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increase in demand for noninvasive surgery techniques globally.

Precision Business Insights (PBI) in its report titled “Endoscope Reprocessing Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The endoscope reprocessing devices market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased risk of infections will create demand for endoscope reprocessing devices market. The rise in adoption of endoscope reprocessors in hospitals for infection prevention and control and the emergence of automated endoscope reprocessors (AER) in the healthcare settings is expected to fuel the growth of the global endoscope reprocessing device market over the forecast period.

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Endoscope reprocessing devices market segmented on the basis of product type, end-user and modality.

Automated Reprocessor Segment Expected to Dominate the Market

Based on product type, the endoscope reprocessor devices market is segmented as pasteurizer’s ultrasonic washers, washer disinfectors, automated endoscopic reprocessors. Automated reprocessor segment is expected to dominate the market 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.

Hospitals Segment Will Dominate the Revenue Share.

Based on end-user type, the endoscope reprocessing market has been segmented into hospitals, ambulatory surgery centers, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy centers). In 2017, the hospitals segment is expected to account for the largest share of the global Endoscope Reprocessing Market. The ambulatory surgery centers (ASCs) segment, on the other hand, is expected to be the fastest-growing segment during the forecast period. The high growth in this segment can be attributed to the increase in the number of endoscopic procedures performed in ASCs, and rising preference of ASCs over hospitals.

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North-America, Accounts for Major Revenue Share for Endoscope Reprocessing Devices Market

Precision Business Insights (PBI), endoscope reprocessing devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North-America accounted for major revenue share due to large number of endoscopic procedures. Followed by North –America, Asia Pacific is expected to witness a drastic growth in global endoscope reprocessing device market, owing to the enhanced competition with the presence of top manufacturers and ageing population susceptible to frequent medical check-ups, thus creating a positive impact on the endoscope reprocessing devices market.

Novel Inventions and Global Expansion of the Product Play Vital Role in Endoscope Reprocessing Devices Market

The key players are mainly focused on product innovations and global expansion of the product to expand the market presence. For instance, the Getinge ED-FLOW AER (automated endoscope reprocessing) launched by Getinge Group in 2014, is the world's first true pass-through AER. In November 2015, CANTEL MEDICAL CORP. has launched automated endoscope reprocessors into the Europe and Asia Pacific market.

Key players in the market include STERIS AB (UK), Soluscope (Ecolab Inc.) (U.S.), Cilag GmbH International (Johnson & Johnson) (U.S.), Getinge AB (Sweden), ENDO-TECHNIK W.Griesat GmbH (Germany), MEDIVATORS Inc. (Cantel Medical Corporation) (U.S.), Steelco S.p.A. (Italy).

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Detailed Segmentation

By Product Type

o Pasteurizers
o Ultrasonic washers
o Washer Disinfectors
o Automated Endoscopic Reprocessors

By Modality Type

o Bench Top Endoscopic Reprocessors
o Standalone Endoscopic Reprocessors

By End User Type

o Specialty Clinics
o Ambulatory Surgical Centers
o Hospitals

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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