Endoscope Reprocessing Market Analysis and Forecast to 2031: By Product (High-Level Disinfectants and Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors, Endoscope Drying, Storage, & Transport Systems, Endoscope Tracking Solutions, Others),

Endoscope Reprocessing Market Analysis and Forecast to 2031: By Product (High-Level Disinfectants and Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors, Endoscope Drying, Storage, & Transport Systems, Endoscope Tracking Solutions, Others), End User (Hospitals, Ambulatory Surgical Centers & Clinics, Others), and Region

The global endoscope reprocessing market was valued at USD 2.4 billion in 2021 and it is anticipated to grow up to USD 6.0 billion by 2031, at a CAGR of 9.6% during the forecast period.

The medical equipment is cleaned, sterilized, and disinfected as part of the endoscope reprocessing procedure. The endoscope reprocessing process includes a number of processes, including cleaning, drying, disinfection, secondary raising, and storing. The market for disinfection technologies is expanding, which is fueling the expansion of endoscope reprocessing. Due to a focus on strict cleaning requirements and growing demands for sterilized and disinfected medical devices in hospitals and clinics, the endoscope reprocessing industry is booming.

Global Endoscope Reprocessing Market Scope and Report Structure

Market Trends and Drivers

Endoscopy is being utilized more frequently for the diagnosis and treatment of a number of serious conditions, including cancer, orthopedic, neurological, and acid reflux problem (GERD). 457 960 new cases of cancer were detected in the UK in 2020, while GLOBOCAN 2021 predicts that by 2040, there will be 27.5 million cases worldwide (an increase of 61.7 percent). As a result, there will be a considerable increase in the frequency of cancer surgeries; for example, about 80% of cancer cases will probably need surgery (Source: Lancet Commission on Global Surgery). The increasing prevalence of target diseases, such as cancer, neurodegenerative, infectious, immunological, metabolic, and cardiovascular diseases, is therefore anticipated to increase the need for endoscopic procedures, which in turn would drive the growth of the endoscopy equipment market in the future.

Market Restraints and Challenges

Endoscopy procedures typically cost a lot of money because of the high capital, training, and maintenance requirements. For instance, in many impoverished nations, a colonoscopy operation can cost anywhere between USD 2,000 and 3,000. One of the main reasons why doctors and patients choose less expensive alternatives like manual surgical or diagnostic treatments is that endoscopic procedures are rarely or never reimbursed by governments in the majority of Asian nations.

Global Endoscope Reprocessing Market Segmental Overview

The report analyses the global endoscope reprocessing market based on product, end users, and regions.

Global Endoscope Reprocessing Market by Product

Based on product, it is segmented into high-level disinfectants and test strips, detergents & wipes, endoscope tracking systems, endoscope drying, storage, and transport systems, automated endoscope reprocessors, and other products. The high-level disinfectants and test strips segment is boosting the growth of the market during the forecast period. The key factors such as the outbreak of infectious diseases coupled with user friendly color comparison chart to detect residual carbohydrates, protein, and hemoglobin to monitor the success of endoscope cleaning procedures.

Global Endoscope Reprocessing Market by End User

Based on end user, it is segmented into hospitals, ambulatory surgery centers and clinics, and other end users. The Hospitals segment accounted for the largest share of the endoscope reprocessing market. The factors such as large patient volume in hospitals related to endoscopic procedures lead to an increase demand for endoscope reprocessing products in hospitals.

Geographical Analysis of Endoscope Reprocessing Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the largest share of the endoscope reprocessing market. The largest share of the North America region is owing to the rising number of cancer cases, favorable reimbursement scenarios, and increasing requirement for endoscopy to diagnose and treat target diseases are boosting the growth of the market.

Major Players in the Global Endoscope Reprocessing Market

COVID-19 Impact

Globally, the COVID-19 outbreak caused havoc on endoscopic facilities. The COVID-19 positive patients were almost always exposed in endoscopy units, according to a multicenter survey from Northern Italy conducted in March 2020: 97.6% of the units observed a decline in endoscopic activity, and 50% of the COVID-19 positive patients had their endoscopic treatments completed.

Due to the endoscopic unit, medical staff is also at significant risk of contracting the COVID-19 infection. Endoscopes are comparatively small, enclosed structures that house a huge number of individuals, including endoscopists, nurses, technicians, anesthetists, hospital staff, patients waiting for various treatments, and a great number of small and large equipment suppliers. Patients who have a high viral load in their respiratory secretions run the risk of contaminating the endoscopic air and surfaces with viruses that can survive for a longer time, endangering both healthy patients and the endoscopy crew.

Recent Developments

• June 2022, Getinge partnered with IFC to help increase access to medical equipment across Africa.
• February 2021, Getinge AB partnered with researchers from the School of Business, Economics, and Law at the University of Gothenburg, Sweden, on customer centric innovation and sustainability. This will help the company gain access to the researcher’s socially relevant and applicable knowledge.
• September 2021, Steelco S.p.A. launched EW 1 S MAXI, which has been developed in conjunction with leading decontamination specialists and which incorporates all the latest technologies to increase safety, efficiency, and ease of use in the endoscope reprocessing practices.
• April 2020, Endo-Technik GmbH entered into a definitive agreement to ALBYN MEDICAL SL and Medi-Globe Group. The definitive agreement enables both companies to focus on their strategic objectives while continuing a lasting business relationship.

Frequently Asked QuestionsQ1. How big is the Endoscope Reprocessing market?Ans. The global Endoscope Reprocessing market size was USD 2.4 Billion in 2021 and is anticipated to reach USD 6.0 Billion in 2031, growing at a rate of 9.6% from 2022 to 2031.Q2. What is the Endoscope Reprocessing market growth rate?Ans. The growth rate of the Endoscope Reprocessing market is 9.6% from 2022 to 2031.Q3. Which region holds a major market share for the Endoscope Reprocessing market?Ans. North America holds a major market share of the Endoscope Reprocessing market in 2021.Q4. Which segment accounted for the largest Endoscope Reprocessing market share?Ans. By end user, the hospitals segment accounted for the largest Endoscope Reprocessing market share.Q5. Who are the key players in the Endoscope Reprocessing market?Q6. What are the factors driving the Endoscope Reprocessing market growth?Ans. The major factors driving the growth of the market are the increasing preference for minimally invasive surgeries.Q7. What are the key growth strategies of Endoscope Reprocessing market players?Ans. The key growth strategies of Endoscope Reprocessing market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Endoscope Reprocessing market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Endoscope Reprocessing market during the forecast period.

Please Note: This report will be delivered by publisher within 3-4 business days of order confirmation.