The global endoscope reprocessing market is anticipated to grow significantly at a CAGR of 7.5% during the forecast period (2024-2031). The rising demand for minimally invasive procedures is supporting to drive the market growth. There is a high demand for minimally invasive surgeries, owing to smaller incisions, quick recovery, minimal pain, and reduced scarring. As per the survey conducted by the National Center for Health Statistics in the United States, roughly 3.5 million laparoscopic procedures were performed in the US in 2017.
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The market for reprocessing goods is likely to rise as endoscopic procedures become more common in the country. Further, in 2018, the incidence of stomach cancer in Canada was 3,244, pancreatic cancer was 5,139, and esophageal cancer was 2,619, according to the World Health Organization (WHO). The rapidly growing rate of cancer incidence is resulting in an increasing demand for endoscopic reprocessing devices. Further, the market players are focusing on mergers and acquisitions, product launches, and partnerships and collaborations to increase their market share. For instance, in October 2019, Cantel Medical Corp. acquired Hu-Friedy Mfg products which include highly processed medical device reprocessing systems. This acquisition will increase the product portfolio of Cantel Medical Corp.
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Market Coverage
- Segment Covered-
o By Product
o By End-User
- Competitive Landscape- ASP Global Manufacturing GmbH, Ecolab, Getinge AB, Olympus Corp., and Steris plc
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Endoscope Reprocessing Market – Segmentation
By Product
- Detergents and Wipes
- High-Level Disinfectant and Test Strips
- Endoscope Tracking Solutions
- Automated Endoscope Reprocessors
o By Type
- Single-Basin
- Double-Basin
o By Portability
- Standalone
- Portable
By End-User
- Hospitals and Clinics
- Ambulatory Surgical Centers
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