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Endoscope Reprocessing Market Impressive Growth | Olympus Corporation, HOYA Corporation, Custom Ultrasonics inc., STERIS plc., Steelco SpA, BES Rehab Ltd
Endoscope Reprocessing Market
Global Endoscope Reprocessing Market is expected to rise from its initial estimated value of USD 1.57 billion in 2018 to an estimated value of USD 2.97 billion by 2026, registering a CAGR of 8.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing numbers of endoscopy procedures and therefore requiring the need for endoscope reprocessing.
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Market Definition: Global Endoscope Reprocessing Market
Endoscope reprocessing is the act of sterilizing, disinfecting and cleaning of endoscopic equipment. This reprocessing of equipment is carried out so that the reuse of this equipment doesn't result in transferring of any microbes or infection from patients. Reprocessing involves three major prevention of infection acts, namely; cleaning, disinfection, sterilization. After the reprocessing is carried out and is complete, the equipment is ready for re-use.
According to iData Research, there were around 75 million of endoscopy procedures performed in United States in 2017, this number means that the requirement of endoscope reprocessing is on high demand so as to prevent the transferring of any microbes or decrease any chances of causing infections.
Key Questions Answered in This Report
o What will the Global Endoscope Reprocessing Market size be in 2026 and what will the growth rate be?
o What are the key market trends?
o What is driving this market?
o What are the challenges to market growth?
o Who are the key vendors in this market space?
o What are the market opportunities and threats faced by the key vendors?
Market Drivers:
Increased number of endoscopy procedures and risks related with the transferring of infections due to the lack of proper cleaning is expected to drive the market growth
Increased amounts of investments from government and private enterprises in the advancements of endoscopy instruments and procedures is expected to drive the market growth
Market Restraints:
High cost of endoscopy procedures and reprocessing of these equipment is expected to restrain the market growth
Absence of technically skilled professionals required for the usage of these procedures is expected to restrain the market growth
Segmentation: Global Endoscope Reprocessing Market
By Product (High-Level Disinfectants & Test Strips; Detergents & Wipes; AERs; Endoscope Drying, Storage & Transport Systems; Endoscope Tracking Systems; Others);
By End-User (Hospitals, Ambulatory Surgical Centers; Others);
By Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa)- Industry Trends & Forecast to 2026
Key Developments in the Market:
In July 2017, The Accreditation Association for Ambulatory Health Care (AAAHC) released a new apparatus to enable better flexible endoscope reprocessing according to the instructions and checklists.
In June 2018, Association for Professionals in Infection Control and Epidemiology took place in Minneapolis, United States from June 13-15 discussing the latest industry methods and practices for the prevention of infections.
Competitive Analysis: Global Endoscope Reprocessing Market
Global endoscope reprocessing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of endoscope reprocessing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Table of Content:
Study Coverage
Executive Summary
Market Size by Manufacturers
Production by Regions
Consumption by Regions
Market Size by Type
Market Size by Application
Manufacturers Profiles
Production Forecasts
Consumption Forecast
Upstream, Industry Chain and Downstream Customers Analysis
Opportunities & Challenges, Threat and Affecting Factors
Key Findings
Appendix
Get Detailed TOC with Tables and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-endoscope-reprocessing-market
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