NEW YORK, Oct. 26, 2017 /PRNewswire/ -- "Endoscope reprocessing market is projected to grow at a CAGR of 8.6%"
The global endoscope reprocessing market is estimated to grow at a CAGR of 8.6% from 2017 to 2022, to reach USD 2.15 billion by 2022 in 2022 from USD 1.42 billion in 2017. Factors such as high risk of infections associated with improper sterilization of endoscopes, increasing investments, funds, and grants by government bodies across the globe, rising number of hospitals and growing hospital investments in endoscopy instruments, and rising prevalence of diseases that require endoscopy procedures are driving the growth of the endoscope reprocessing market during the forecast period. However, the high cost of endoscopy procedures & reprocessing equipment and limited reimbursements in developing countries, and concerns regarding the safety of reprocessed instruments is increasing the preference for single-use instruments are expected to restrain the growth of this market to a certain extent. Read the full report: https://www.reportlinker.com/p05164646"The automated endoscope reprocessors (AERs) segment is projected to grow at the highest CAGR during the forecast period"
Based on product, the endoscope reprocessing market is segmented into high-level disinfectants and test strips; detergents and wipes; endoscope tracking systems; endoscope drying, storage, and transport systems; automated endoscope reprocessors (AERs); and other products (brushes and flushing aids, leak testers, hookups, and sponges). During the forecast period, the automated endoscope reprocessors (AERs) segment is expected to grow at the highest CAGR. Growth in this segment is mainly driven by the the rising adoption of AERs in hospitals for infection control and prevention, increasing number of endoscopy procedures, growing concerns about patient safety among clinicians, development of novel automated endoscope reprocessors, and rising aging population. "The ambulatory surgery centers are projected to grow at the highest CAGR during the forecast period"
Based on end user, the endoscope reprocessing market is segmented into hospitals, ambulatory surgery centers, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy centers). During the forecast period, ambulatory surgery centers are anticipated to grow at the highest CAGR. 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. "APAC to witness the highest growth rate during the forecast period"
APAC is expected to grow at the highest CAGR in the global endoscope reprocessing market during the forecast period. Growth in this segment can be attributed to the endoscopy research support in Japan, government investments in China, increasing number of endoscopic surgeries & improving endoscopy infrastructure in India, growing number of hospitals in Singapore and South Korea, government initiatives in New Zealand, and endoscopy training workshops and investments in Australia. Break of primary participants was as mentioned below:
• By Company Type – Tier 1: 55%, Tier 2: 25%, and Tier 3: 20% • By Designation – C level: 43%, Director Level: 32%, Others: 25% • By Region – North America: 38%, Europe: 23%, Asia Pacific: 29%, RoW: 10% The various players in the endoscope reprocessing market include Advanced Sterilization Products (ASP) (US), Cantel Medical (US), Laboratories Anios (France), Olympus (Japan), Wassenburg Medical (The Netherlands), Custom Ultrasonics (US), STERIS (US), Steelco (Italy), Getinge (Sweden), ENDO-TECHNIK (Germany), BES Decon (UK), ARC Healthcare Solutions (Canada), and Metrex Research (US) among others. Research Coverage:
The report analyzes the endoscope reprocessing market and aims at estimating the market size and the growth potential of this market based on various segments such as product, end user, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies. Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned strategies. This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product and service portfolios offered by the top players in the global endoscope reprocessing market • Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global endoscope reprocessing market • Market Development: Comprehensive information about the lucrative emerging markets by product, end user, and region • Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global endoscope reprocessing market • Competitive Assessment: In-depth assessment of growth strategies, products, and services of leading players in the marketRead the full report: https://www.reportlinker.com/p05164646
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