Global endoscope reprocessing devices market is expected to experience robust growth over the forecast period.
This growth is expected to be primarily due to the growing geriatric population, the increasing number of endoscopic surgeries, and the development of automated endoscope reprocessors and techniques.
According to the new report, “Endoscope Reprocessing Devices Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, which has been released by Future Market Insights for the projected period of 10 years, i.e., 2017 to 2027, the endoscope reprocessing devices market in MEA is expected to register comparatively less growth owing to low infection control awareness and reduced reprocessor availability.
The global endoscope reprocessing devices market will grow from USD 949.9 million in 2016 to USD 2,171.5 million by the end of 2027. This represents a CAGR of 7.9% over the forecast period from 2017-2027
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Global Endoscope Reprocessing Devices Market: Constraints
- Reported Adverse Events Following Failed Endoscope Reprocessing
- Excise duties imposed on manufacturers of medical devices would reduce the profit margin
- High cost of technology is hampering the growth of endoscope reprocessing devices market
- Inadequate reimbursement policies are hampering market growth
- Delayed reprocessing and unclear instructions
- Strict rules and regulations
- Shortage of specialists and trained professionals in endoscopy
- Bad healthcare system hampering market growth
- Low awareness of endoscope reprocessing in developing countries is hampering market growth
- Lack of proper healthcare infrastructure in emerging markets
- Increasing price competition for endoscope reprocessing device
Global Endoscope Reprocessing Devices Market: Forecasts by product
The global endoscope reprocessing devices market is categorized into automated endoscope reprocessor, washer-disinfector, sterilizer, ultrasonic washer, and drying and storage cabinet.
The study covers revenue generated by product type, including the product type mentioned above. However, the study does not take into account income that is not mentioned in the report.
This report analyzes the installed base and new sales devices. The automated endoscope sterilizers and reprocessors segment led the global endoscope reprocessing devices market in terms of revenue in 2016, and the trend is expected to continue throughout the forecast period.
The sterilizer segment is expected to be the most lucrative of all product types, with an attractiveness index of 1.6.
Global Endoscope Reprocessing Devices Market: Forecast by end user
Endoscope reprocessing devices based on end user, total installed base and new sale of endoscope reprocessing devices are obtained from the three end users such as hospital, ambulatory surgery center and clinics specialized.
The study looks at revenue generated by hospitals, ambulatory surgery centers and specialty clinics, which includes installed devices and new device sales.
However, the study does not take into account income that is not mentioned in the report.
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Global Endoscope Reprocessing Devices Market: Regional Analysis
Up to seven regions have been covered in this report such as North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA . If CAGR is considered, Latin America, Eastern Europe, and APEJ have the highest CAGRs throughout the forecast period among all other regions.
However, in terms of revenue, North America and APEJ led the global endoscope reprocessing device market in terms of revenue in 2016, and the trend is expected to continue throughout the forecast period.
North America and APEJ are expected to be the most lucrative of all regions, with an attractiveness index of 2.1 and 1.7 respectively.
Global Endoscope Reprocessing Devices Market: Competitive Landscape
Medivators Inc., Olympus Corp., STERIS Plc., Getinge Group, Hoya Group, Anios Laboratories, Custom Ultrasonics, Inc., SciCan Ltd (Sanavis Group), Shinva Medical Instrument co., Ltd., ARC Healthcare Solutions Inc., Antonio Matachana SA, Choyang Medical Industry Ltd., DGM Pharma-Apparate Handel Ag, MMM Medical Equipment UK LTD, Medonica Co. Ltd., Belimed AG (Metall Zug), Steelco SPA and Advanced Sterilization Products Services Inc. are among the key players operating in the global endoscope reprocessing devices market.
Market segmentation Type of product:
- Automated endoscope reprocessor
- Washer disinfector
- ultrasonic washer
- Drying and storage cabinet
- Ambulatory Surgery Center
- Specialized clinics
About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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