Endoscope Reprocessing Market Growing at a CAGR of 8.6% – Global Industry Leaders & Growth Divers Adopted
To track and analyze competitive developments such as product launches, expansions, acquisitions, agreements, and partnerships among others in the endoscope reprocessing market.
(EMAILWIRE.COM, December 23, 2020 ) According to the new market research report “Endoscope Reprocessing Market by Product (High-level Disinfectants & Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors, Endoscope Tracking Systems, Brushes), End User (Hospitals, Ambulatory Surgery Centers) – Global Forecast” published by MarketsandMarkets™.
Revenue Growth Opportunities and Growth Drivers?
The Global Endoscope Reprocessing Market is expected to grow at a CAGR of 8.6% to reach to USD 2.15 Billion.
Growth Boosting Factors:
- High Risk of Infections Associated With Improper Sterilization of Endoscopes
- Increasing Investments, Funds, and Grants By Government Bodies Worldwide
- Rising Number of Hospitals and Growing Hospital Investments in Endoscopy Instruments
- Rising Prevalence of Diseases That Require Endoscopy Procedures
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Leading Key Players in the Worldwide Industry:
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.
Geographical Regions Mapped in Report:
Geographically, North America is estimated to account for the largest share of the global endoscope reprocessing market, followed by Europe. In the US, the market is driven by the favorable reimbursement scenario, rising incidence of cancer, increasing investments by hospitals to purchase new endoscopic equipment, and increasing incidence of endoscope-related infections. In Canada, the growth of the market is driven by the availability of physician bonuses, and implementation of a new funding model for Canadian hospitals.
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Market Segmentation in Detailed:
On the basis of products, 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). The high-level disinfectants and test strips segment is expected to account for the largest share of the global endoscope reprocessing market in 2017. The large share of this segment is attributed to the increasing outbreaks linked to inadequate cleaning or disinfecting during HLD, the effectiveness of high-level disinfectants for quality assurance in decontaminating endoscopes, and rising adherence to endoscope reprocessing guidelines by healthcare centers.
On the basis of end user, segmented into hospitals, ambulatory surgery centers, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy centers). In 2017, the hospitals segment is expected to account for the largest share of the global endoscope reprocessing market. The ambulatory surgery centers (ASCs) segment, on the other hand, is expected to be the fastest-growing segment during the forecast period. 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.
Revenue Growth Opportunities and Growth Drivers?
The Global Endoscope Reprocessing Market is expected to grow at a CAGR of 8.6% to reach to USD 2.15 Billion.
Growth Boosting Factors:
- High Risk of Infections Associated With Improper Sterilization of Endoscopes
- Increasing Investments, Funds, and Grants By Government Bodies Worldwide
- Rising Number of Hospitals and Growing Hospital Investments in Endoscopy Instruments
- Rising Prevalence of Diseases That Require Endoscopy Procedures
Ask for Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=219094994
Leading Key Players in the Worldwide Industry:
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.
Geographical Regions Mapped in Report:
Geographically, North America is estimated to account for the largest share of the global endoscope reprocessing market, followed by Europe. In the US, the market is driven by the favorable reimbursement scenario, rising incidence of cancer, increasing investments by hospitals to purchase new endoscopic equipment, and increasing incidence of endoscope-related infections. In Canada, the growth of the market is driven by the availability of physician bonuses, and implementation of a new funding model for Canadian hospitals.
Ask for Free Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=219094994
Market Segmentation in Detailed:
On the basis of products, 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). The high-level disinfectants and test strips segment is expected to account for the largest share of the global endoscope reprocessing market in 2017. The large share of this segment is attributed to the increasing outbreaks linked to inadequate cleaning or disinfecting during HLD, the effectiveness of high-level disinfectants for quality assurance in decontaminating endoscopes, and rising adherence to endoscope reprocessing guidelines by healthcare centers.
On the basis of end user, segmented into hospitals, ambulatory surgery centers, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy centers). In 2017, the hospitals segment is expected to account for the largest share of the global endoscope reprocessing market. The ambulatory surgery centers (ASCs) segment, on the other hand, is expected to be the fastest-growing segment during the forecast period. 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.
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results