Press release
Endoscope Reprocessing Market: Robust Growth Predicted with Rising CAGR and Emerging Trends
Endoscope Reprocessing Market
Rapid Growth witnessed in the Global Endoscope Reprocessing Market due to Increased use, Regulatory Compliance, and Patient Safety Concerns.
What Is The Projected Market Size Of The Global Endoscope Reprocessing Market And Its Growth Rate?
The global endoscope reprocessing market has shown significant growth in recent years and is expected to continue this trend in the future.
• The market size was $2.74 billion in 2024 and is projected to reach $3.03 billion in 2025, growing at a CAGR of 10.9%.
• Future projections estimate the market size to reach $4.83 billion in 2029, growing at a CAGR of 12.3%.
The growth is attributed to various factors such as stringent regulatory compliance, increased use of endoscopy, heightened awareness in infection control measures, focus on patient safety concerns, and an increasing aging population.
What Is Driving The Growth In The Endoscope Reprocessing Market?
The growth in the endoscope reprocessing market is majorly driven by the rising incidence of cancer. Cancer can develop essentially anywhere in the human body, leading to an uncontrollable growth and spread of some of the body's cells. Endoscope reprocessing is crucial for cleaning, disinfection, and sterilization procedures. This need further intensifies with the growing population and exposure to infection leading to chronic diseases. For example, a projection by the National Institutes of Health, a US-based government agency, indicates that the number of cancer survivors in the United States could rise to 22.5 million by 2032 from 18.1 million in January 2022. Hence, the rising incidence of cancer significantly propels the growth of the endoscope reprocessing market.
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Who Are the Key Players Driving Endoscope Reprocessing Market Growth?
Major companies contributing to the growth of the endoscope reprocessing market include:
• Custom Ultrasonics Inc.
• Advanced Sterilization Products Inc.
• Olympus Corporation
• Wassenburg Medical BV
• Steris Corporation
• Getinge AB
• ARC Healthcare Solutions
• BES Healthcare Ltd.
• Borer Chemie AG
• Metrex Research LLC
• Matachana Group SA
• HOYA Corporation
• Laboratories Anios
• CONMED Corporation
• Endo-Technik W. Griesat GmbH
• Steelco S.p.A
• Ecolab Inc.
• Belimed AG
• Cantel Medical Corp.
• Richard Wolf GmbH
• MEDALKAN
• Micro-Scientific LLC
• Tuttnauer USA Co. Ltd.
• Shinva Medical Instrument Co. Ltd.
• Medical Devices Group Srl
• SciCan Inc.
What Are The Key Trends In The Endoscope Reprocessing Market?
Key trends driving the endoscope reprocessing market include:
• Automation and robotics in endoscope reprocessing
• Data-driven compliance
• Use of single-use endoscopes
• Development of modular endoscope designs
• Innovations in infection control
What Are The Segments Of The Global Endoscope Reprocessing Market?
The global endoscope reprocessing market is segmented into:
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
Which Region Leads The Endoscope Reprocessing Market?
As of 2024, North America held the largest share of the endoscope reprocessing market. Coverage of the market report also extended to regions like Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Endoscope Reprocessing Market Global Market Report?
- Market Size Analysis: Analyze the Endoscope Reprocessing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Endoscope Reprocessing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Endoscope Reprocessing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Endoscope Reprocessing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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