Press release
Revolutionizing Healthcare: The Endoscope Reprocessing Market on an Ascendancy
Endoscope Reprocessing Market
The endoscope reprocessing market has witnessed substantial growth, surging from $2.44 billion in 2023 to an anticipated $2.72 billion in 2024, reflecting a commendable Compound Annual Growth Rate (CAGR) of 11.3%. Projections for the upcoming years remain optimistic, with an estimated escalation to $4.23 billion by 2028, maintaining a robust CAGR of 11.7%.
Propelling Forces:
Proliferation of Cancer Cases:
The escalating incidence of cancer emerges as a significant catalyst propelling the endoscope reprocessing market forward. With cancer affecting cells throughout the human body, the demand for effective endoscope reprocessing, involving cleaning, disinfection, and sterilization, witnesses an upswing. Notably, data from the American Cancer Society in 2021 reveals a staggering 1.8 million new cancer cases and 606,520 cancer-related deaths in the United States. This surge underscores the crucial role of endoscope reprocessing in managing the consequences of this widespread disease.
Combatting Healthcare-Associated Infections:
The relentless increase in healthcare-associated infections fuels the growth of the endoscope reprocessing market. These infections, prevalent among patients receiving medical care, often result from contaminated medical equipment. As highlighted by the World Health Organization and the United Nations International Children's Emergency Fund, the impact of healthcare-associated infections is substantial, emphasizing the vital role of endoscope reprocessing in preventing infections and ensuring patient safety.
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Market Contributors:
Leading the charge in the endoscope reprocessing market are prominent companies including Custom Ultrasonics Inc., Advanced Sterilization Products Inc., Olympus Corporation, and others. These key players play a pivotal role in shaping market dynamics across various end-user sectors.
Innovation & Trends:
Technological Advancements:
The endoscope reprocessing market witnesses a transformative trend with a focus on technological advancements. Companies such as Steelco spa are at the forefront, introducing cutting-edge solutions like the EW 1 S MAXI-an automated endoscope reprocessor setting new standards in safety, effectiveness, and usability. Notable advancements include the automatic connection of Oral corticosteroids (OCS) to the chamber, minimizing operator intervention and enhancing the reprocessing process.
Disinfectors with Advanced Capabilities:
Companies vie for a competitive edge by developing disinfectors with advanced cleaning and disinfection capabilities. Olympus Corporation, for instance, unveiled the ETD (Endoscope Washer Disinfector), designed to cater to the reprocessing demands of busy endoscopy units. With the capability to reprocess up to three endoscopes simultaneously, this innovation underscores the industry's commitment to patient safety and infection prevention.
Global Landscape:
North America emerges as the frontrunner in the endoscope reprocessing market in 2023, with projections indicating Asia-Pacific as the fastest-growing region in the forecast period. Comprehensive coverage spans Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Segmentation Insights:
The endoscope reprocessing market covered in this report is segmented -
1) By Type: Flexible, Rigid
2) By Product: High-Level Disinfectants and Test Strips, Other Products
3) By End-User: Hospitals, Ambulatory Surgical Centers and Clinics, Other End-Users
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Endoscope Reprocessing Global Market Report 2024from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
TheEndoscope Reprocessing Global Market Report 2024byThe Business Research Company is the most comprehensive report that provides insights on endoscope reprocessing market size, endoscope reprocessing market drivers and trends, endoscope reprocessing market major players, competitors' revenues, endoscope reprocessing market positioning, and endoscope reprocessing market growth across geographies.The endoscope reprocessing market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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