#Automated Endoscopy Reprocessor Market 2018

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Automated Endoscopy Reprocessor Market, Growth and Forecast up, 2018-2026 by Coherent Market Insights

Automated Endoscopy Reprocessor (AER) can enhance consistency, efficiency, and reliability of endoscope reprocessing by automating and standardizing various important reprocessing stages, eventually reducing the possibility of human error. AERs reduces exposure to harmful chemical germicides and can decrease health problems related to endoscopes reprocessing. Therefore, American Society for Gastrointestinal Endoscopy (ASGE) strongly recommends the use of AERs for endoscope reprocessing. The World Gastroenterology Organization (WGO) recommends the use of AER as the most extensive options for diagnostics improvement where sufficient resources are available. However, it also states that conversion from manual use to AERs, can generate cost and revenue offsets to produce direct financial gains for some endoscopy units in emerging economies.

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Market Dynamics

Major factors driving growth of the automated endoscopy reprocessor market includes rising adoption of AERs in hospitals for infection control and prevention coupled with increasing rate of gastrointestinal disorders. According to Center for Disease Control and Prevention report of 2016, the number of adults diagnosed with ulcers were 14.7 million in the U.S. Furthermore, increasing number of endoscopy procedures and demand for minimally invasive surgeries due low hospital stay cost is also expected to fuel automated endoscope reprocessor market growth. However, risk of infection post endoscopic reprocessing procedures and complications related with AERs can negatively impact adoption of automated endoscope reprocessors, thus affecting growth of the market during the forecast period. Product recalls due to stringent government regulations is also a major factor hindering the market growth.

Increasing adoption of endoscope reprocessors in healthcare settings to augment the market growth

Increasing adoption rate of endoscope reprocessors in hospitals for infection prevention and control is expected to fuel the global automated endoscopy reprocessor market revenue. AERs can enhance reliability and consistency of endoscope reprocessing by standardizing several important reprocessing steps, thereby reducing the possibility of human error. The use of AERs reduces exposure of personnel to harmful chemical germicides, thereby minimizing health problems attributed to reprocessing of endoscopes.

Key companies covered as a part of this study include Cantel Medical Corp., Johnson & Johnson, Laboratoires Anios, Olympus Corporation, Steelco SpA, Steris Plc., Getinge Group, Hoya Group, and Metall Zug AG.

[mrunalnerkarblog]

Rising prevalence of colorectal cancer and other endoscopy-related diseases to boost the growth of endoscope reprocessing device market.

Market Overview:

Endoscope reprocessing devices are those which are made to kill the organisms in the reusable endoscopes using high disinfectants or liquid chemical solutions to expose the exterior surfaces and the interior channels. Manual cleaning, sterilization, documentation, leak testing and pre –cleaning are some of the steps performed in endoscopy reprocessing.

Competitive Landscape:

The major players operating the endoscope reprocessing device market are STERIS Plc., Cilag GmbH International, Steelco S.p.A., Minntech Corp PENTAX Medical, Medivators Inc., Wassenburg Medical B.V., Soluscope, ENDO-TECHNIK W.Griesat GmbH, Johnson & Johnson and Getinge AB. 

Key Market Drivers:

Rising prevalence of colorectal cancer and other endoscopy-related diseases are anticipated to augment the growth of the global endoscope reprocessing device market. For instance, as per the American Cancer Society, nearly 97,220 people are diagnosed with colorectal cancer and 43,030 rectal cancer by the end of 2018.

Furthermore, increasing cardiovascular diseases which are treated with using ERs is anticipated to boost the growth of the global endoscope reprocessing device market. For instance, as per OECD, 45,307 people have undergone the coronary heart bypass surgery/operation in Germany as of 2018.  

Covid-19 Impact Analysis:

During the pandemic, along with the sterilization the ERs have also increased as the reprocessors have been a crucial part for the endoscopy surgeries which led to the growth of the global endoscope reprocessing device market.

Key Takeaways:

The global endoscope reprocessing device market is expected to exhibit a CAGR of XX % during the forecast period due to frequent approvals, quick launches of products. For instance, in April 2019, Advanced Sterilization Products gained US. FDA, launched for the ASP AEROFLEX automated endoscopes reprocessors.

Among Regions North America, Asia Pacific and Europe are anticipated to witness robust growth in the global endoscope reprocessing device market due to increasing prevalence of diseases, frequent approvals. As per the Globocan, 3,244 people suffer from stomach cancer in Canada and 5,139 people suffer from pancreatic cancer.

[marketresearchtrendsblog]

Endoscope Reprocessing Market by Product Type, Future Growth - Global Forecast by 2020-2025

Endoscopes are used for a variety of diagnostic, surgical, and therapeutic needs in clinical practice. The devices are often reusable and therefore require reprocessing to ensure patient safety and prevent transmission of microorganisms from one patient to the next. In recent years, there have been reported outbreaks by contaminated flexible endoscopes. The transmissions of harmful microorganisms via endoscopes are largely attributed to lapses in essential reprocessing steps. The complex design of the scopes aggravates proper cleaning due to their narrow, tight channels and microscopic crevices that cannot be easily reached. Organic debris and fluid can accumulate and settle in such tracts, enabling biofilm formation and potentially harmful microorganism growth. Therefore, proper reprocessing of endoscopes is regulated by a series of steps and procedures to ensure optimal cleaning results and thereby enhance patient safety.

How Big is The Global Endoscope Reprocessing Market? The Endoscope Reprocessing Market is expected to be around US$ 2.15 Billion by 2025 at a CAGR of 8.5% in the given forecast period.

The major driving factors of Endoscope Reprocessing Market are as follows:

High Risk of Infections related to Improper Sterilization of Endoscopes Increasing Investments, Funds, and Grants By Government Bodies Worldwide Rising variety of Hospitals and Growing Hospital Investments in scrutiny Instruments Rising Prevalence of Diseases that need endoscopy Procedures

Read more information about Global Market with Impact of Covid-19

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The restraining factors of Endoscope Reprocessing Market­ are as follows: High price of scrutiny Procedures & Reprocessing instrumentation and restricted Reimbursements in Developing Countries

Issues relating to the security of Reprocessed Instruments

The Endoscope Reprocessing Market is segmented on the lines of its product, end-user and regional. Based on product type segmentation it covers high-level disinfectants and test strips; detergents and wipes; endoscope tracking systems; endoscope drying, storage, and transport systems; automated endoscope preprocessors (AERs); and other products (brushes and flushing aids, leak testers, hookups, and sponges). Based on end-user it covers hospitals, ambulatory surgery centers, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy centers). Endoscope Reprocessing Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

An overview of the global market for Endoscope Reprocessing Market and related technologies.

Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.

Identifications of new market opportunities and targeted promotional plans for Endoscope Reprocessing Market

Discussion of research and development, and the demand for new products and new applications.

Comprehensive company profiles of major players in the industry.

Report scope:

The scope of the report includes a detailed study of Endoscope Reprocessing Marketwith the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report includeMedivators Inc., Olympus Corp., STERIS Plc., Getinge Group, Hoya Group, Laboratoires Anios, 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 S.P.A, and Advanced Sterilization Products Services Inc. amongst others. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Endoscope Reprocessing Market has been segmented as below:

By Product Type:

High-Level Disinfectants & Test Strips Detergents & Wipes Automated Endoscope Reprocessors

Single-Basin Automated Endoscope Reprocessors Double-Basin Automated Endoscope Reprocessors

Endoscope Drying, Storage, & Transport Systems Endoscope Tracking Systems

Advantages of Endoscope Tracking Systems

Other Products By End-user Type:

Hospitals Ambulatory Surgery Centers Other End Users (diagnostic centers, mobile endoscopy facilities, and office endoscopy centers)

By Regional Analysis:

North America Europe Asia-Pacific Rest of the World

Reasons to Buy this Report:

Obtain the most up to date information available on all Endoscope Reprocessing Market.

Identify growth segments and opportunities in the industry.

Facilitate decision making on the basis of strong historic and forecast of Endoscope Reprocessing Market.

Assess your competitor’s refining portfolio and its evolution.

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Automated Endoscope Reprocessing Device Market - Opportunities & Forecast, 2018-2025

The key factors bolstering the market growth are increasing number of endoscopy procedures coupled with minimally invasive surgeries, paradigm shift towards automated reprocessing from manual cleaning procedures, rising concerns pertaining to infection-free endoscopy, improved reimbursement policy, and stringent rules & regulations in the healthcare industry. Moreover, the steady rise in the volume of endoscopic procedures has increased demand for automated endoscope reprocessing device across the globe.

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Double basin device type segment is anticipated to dominate the market during the forecast period owing to surging adoption rate of double basin automated endoscope reprocessors in hospitals, especially in infection prevention and control department and rising awareness regarding the use of double basin endoscope reprocessing devices. The end-user segment includes hospitals, ambulatory surgical centers and clinics. Hospital segment held the largest share in the 2017 and is predicted to grow at a promising growth rate during the forecast period, owing to, significant healthcare spending and increasing government and private investments for healthcare facilities infrastructure.

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Various notable players operating in the market include, STERIS Plc., Olympus Corporation, Getinge AB, Steelco S.p.A., Cantel Medical Corp., Laboratory Anios, Hoya Corporation, Metull Zug AG, Advanced Sterilization Products Services Inc. (Johnson & Johnson). among others.

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The research report provides in-depth analysis of the global automated endoscope reprocessing market, based on device type, modality, end use and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers fuelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for automated endoscope reprocessing market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:

•      At what pace is automated endoscope reprocessing market growing, globally? What will be the growth trend in future?

•      What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?

•      What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the automated endoscope reprocessing market?

•      What are the various application areas and how they are poised to grow?

About GMI Research

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition. GMI Research’s leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our client’s business problems and add significant value to long lasting relationship.

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Automated Endoscopy Reprocessor Market to Surpass US$ 2.5 Billion by 2026

The Global Automated Endoscopy Reprocessor Market, by Product Type (Single Basin and Double Basin), by Modality (Portable and Standalone), by End User (Hospital, Diagnostic Laboratories, and Ambulatory Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 845.3 million in 2017 and is projected to exhibit a CAGR of 6.7% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights. Automated endoscopy reprocessor (AER) market is expected to grow at significant rate, owing to rising number of gastrointestinal (GI) diseases demanding endoscopy procedures.

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Increasing demand for endoscopic devices is expected to drive the automated endoscopy reprocessor market growth

Various factors such as rising cases of stomach ulcers, increasing alcohol consumption, lack of proper diet and increasing incidence of autoimmune diseases are contributing to the rise of GI disorders worldwide. Common GI diseases include colorectal cancer, ulcerative colitis, gastro esophageal reflux disease, Crohn’s disease, and inflammatory bowel disease.

Emerging nations are experiencing remarkably high demand for minimally invasive surgical procedures due to increasing disease burden and rising disposable income. However, lack of healthcare professionals skilled in endoscopic procedures and lack of proper medical equipment has created an imbalance between demand and supply. Moreover, a sturdy rise is observed every year in demand for endoscopy in all modern healthcare systems. According to International Journal of Gastroenterology Disorders & Therapy article 2015, about 30 million endoscopic procedures are performed annually in the U.S. Endoscopic products manufacturers are using their technology and services to fulfil this growing demand.

Automated endoscopy reprocessor offer many advantages over manual reprocessing such as automation and standardization of several important reprocessing steps, thus eliminating the chance of missing steps owing to human error, and lessen exposure of endoscopy or sterile processing department personnel to high-level disinfectants (HLDs) or chemical sterilants. Therefore, demand for these products is increasing significantly.

Browse 35 Market Data Tables and 28 Figures spread through 180 Pages and in-depth TOC on “Automated Endoscopy Reprocessor Market, by Product Type (Single Basin and Double Basin), by Modality (Portable and Standalone), by End User (Hospital, Diagnostic Laboratories, and Ambulatory Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026”

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Key Takeaways of the Automated Endoscopy Reprocessor Market:

The global automated endoscopy reprocessor market size is expected to exhibit a CAGR of 6.7% over the forecast period, owing to rising number gastrointestinal diseases demanding endoscopy procedures.

Among modality, the standalone segment is estimated to hold the dominant position in the automated endoscopy reprocessor market, in 2017. This is due to large capacity of the machine in comparison to portable product and therefore, demand for these products is relatively high.

Among end user, the hospital segment is estimated to hold the dominant position in the automated endoscopy reprocessor market, in 2017, owing to increasing demand from hospitals for endoscopy procedures.

Key players operating in the global automated endoscopy reprocessor market include Cantel Medical Corp., Johnson & Johnson, Laboratoires Anios, Olympus Corporation, Steelco SpA, Steris Plc., Getinge Group, Hoya Group, and Metall Zug AG.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Global endoscopy reprocessor market is set to witness a substantial CAGR of 8.76% in the forecast period of 2019- 2026

Global endoscopy reprocessor market is set to witness a substantial CAGR of 8.76% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing demand for Endoscopes.

This endoscopy reprocessor market research report comprises of fundamental, secondary and advanced information related to the global status and trend, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2019 – 2026. Market drivers, market restraints, opportunities and challenges are studied under the topic of market overview, which gives valuable insights to businesses for taking right moves. Additionally, this endoscopy reprocessor market report presents a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, gross and gross margin.

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Competitive Analysis:

Global endoscopy reprocessor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of endoscopy reprocessor market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in global endoscopy reprocessor market are Advanced Sterilization Products Division Ethicon US, LLC., Cantel Medical, Laboratoires Anios, Olympus America, Wassenburg Medical, customultrasonics.com, STERIS plc, Steelco S.p.A, Getinge AB, ENDO-TECHNIK W. Griesat GmbH, ARC Group of Companies Inc., Metrex Research, LLC., Metall Zug AG, SciCan Inc., SHINVA MEDICAL INSTRUMENT CO., LTD., MATACHANA GROUP, MMM Medical Equipment UK Limited, Medonica Co. LTD, MEDIVATORS Inc. among others.

Key Developments in the Market:

In October 2018, Olympus Corporation launched OER-Mini Endoscope Reprocessor for ENT. The product is a tabletop endoscope reprocessor which is designed to provide better and efficient reprocessing through removing few manual steps of reprocessing endoscopes. The product launch will help company to increase market presence as the new product is providing various advantages over manual reprocessing

In April 2018, Cantel Medical has received 510 (k) clearance from U.S. Food and Drug Administration (FDA) for ADVANTAGE PLUS Pass-Thru an automated endoscope reprocessor (AER). The ADVANTAGE PLUSPass-Thru AER is designed to guarantee highest quality in infection prevention via decreasing the risk of distraction, human error and unintended lapses in cleaning protocols. The product approval will help company to further expands endoscopy portfolio to safeguard to the world from infections with innovative, market leading technologies

Market Drivers

Higher threat of infections associated with inappropriate sterilization of endoscopes is expected to drive the growth of the market

Growing number of grants, investments and funds by government authorities is expected to enhance this market growth

Increasing number of hospitals and rising hospital investments in endoscopy instruments will also boost the market

Growing prevalence of diseases in which endoscopy procedures acts as a market driver

Market Restraints

Higher price of endoscopy procedures & reprocessing equipment and controlled reimbursements in developing countries are expected to restrict the market growth

Concerns regarding the safety of reprocessed instruments is also hampering the market growth

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Segmentation: Global Endoscopy Reprocessor Market By Type

Manual Cleaning Solutions

Automated Cleaning Disinfectants (Solutions)

By Product Type

Automated Endoscope Reprocessors

High-Level Disinfectants & Test Strips

Detergents & Wipes

Endoscope Drying, Storage, & Transport Systems

Endoscope Tracking Systems

Other Products

Single-Basin Automated Endoscope Reprocessors

Double-Basin Automated Endoscope Reprocessors

By Solution Type

Glutaraldehyde

Phtharal (Phthalaldehyde)

Peracetic Acid

Highly-Acidic Electrolyzed Water (EOW)

Aldehyde-Based Disinfectants

Hypochlorous Acid (Superoxidised Water)

Chlorine Dioxide

Alcohols

By End User

Hospitals

Ambiguity Centers

Others

By Geography

North America

South America

Europe

Asia-Pacific

Middle East & Africa

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Global Automated Endoscope Reprocessing Device Market Prospects and Growth Assessment Presented Until the End of 2025

Surging demand from healthcare industries, such as hospital facilities, ambulatory surgical centres, specialty clinics worldwide has led to burgeoning market growth of automated endoscope reprocessing device market

The global automated endoscope reprocessing device market exhibited a value of USD 433.2 million in 2017, and is expected to reach USD 683.5 million by 2025, growing at a CAGR of 5.9% during 2018–2025.The key factors boosting the market growth are paradigm shift towards automated endoscope reprocessing from manual cleaning procedures, rising concerns pertaining to infection free endoscopy and rising technological advancement and spending on healthcare facilities.

Double basin endoscope reprocessing device is expected to exhibit the highest CAGR during the forecast period owing to surging adoption rate of double basin automated endoscope reprocessors in hospitals, especially in infection prevention and control department and rising awareness regarding the use of double basin endoscope reprocessing.

Some of the other factors affecting the market growth are rising concerns pertaining to infection free endoscopy, expansion via partnerships & collaborations and stringent rules & regulation in healthcare industry. Moreover, apart from this, the technological advancements and improving reimbursement policy are further likely to drive the growth in the automated endoscope reprocessing device market, globally.

Hospital segment hold the largest market share in the 2017 and is predicted to grow at an estimated CAGR of 6.0% during the forecast period owing to rising adoption and penetration of automated endoscope reprocessing devices in Hospital. Also, significant healthcare spending and increasing government & private investments for healthcare facilities infrastructure are expected to lay down the best path for the market to grow

“Strategic collaboration among manufacturers, healthcare providers, accrediting organizations, professional societies, and government agencies may help to design, approve and distribute automated endoscope reprocessing devices throughout the world, hence, such collaboration will benefit all stakeholders in the coming years” —-GMI Research

Based on geography, North America held the largest share in the market in 2017 on account of well-established healthcare infrastructure and adequate reimbursement policy increase demand in end-use verticals, majorly in hospital and ambulatory surgical centres coupled with stringent government rule and regulation. Asia-Pacific is the fastest growing region in the global automated endoscope reprocessing device market and is projected to grow at CAGR of 5.3% during 2018-2025. Increasing government and private funding for the healthcare infrastructure, rising medical tourism and increasing adoption of automated endoscope reprocessing device for the reprocessing of endoscopes are key factors which are supporting the growth of the market in the region.

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Key takeaways: • Double basin endoscope reprocessing device is expected to exhibit the highest CAGR during the forecast period • Hospital segment hold the largest market share in the 2017 and is predicted to grow at an estimated CAGR of 6.0% during the forecast period • North America held the largest share in the market in 2017 • Asia-Pacific is the fastest growing region in the global automated endoscope reprocessing device market and is projected to grow at CAGR of 5.3% during 2018-2025

Some of the key players operating in the global automated endoscope reprocessing device market, include STERIS Plc., Olympus Corporation, Getinge AB, Steelco S.p.A., Cantel Medical Corp., Laboratory Anios, Hoya Corporation, Metull Zug AG, Advanced Sterilization Products Services Inc. (Johnson & Johnson) among others.

The global automated endoscope reprocessing device market has been segmented on the basis of device type, modality type, end user and key geographies. Based on the device type, market is segmented into single basin automated endoscope reprocessing device and double basin automated endoscope reprocessing device. Based on Modality type, the market comprises of standalone and bench top. Based on end use, the market has been segmented into hospitals, ambulatory surgical centres and clinics.

The research report “global automated endoscope reprocessing device market” provides in-depth analysis of automated endoscope reprocessing device across the globe, based on device type, modality, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for automated endoscope reprocessing device market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

For more details, browse the Table of Contents: https://www.gmiresearch.com/report/global-automated-endoscopic-reprocessing-market-2018-2025-share-trends-type-forecasts-insight-healthcare.html