Endoscope Reprocessing Market size worth $ 2.75 Billion, Globally, by 2028 at 7.9% CAGR: Verified Market Research®

JERSEY CITY, N.J., Dec. 16, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Endoscope Reprocessing Market" By End User (Hospitals, Ambulatory Centers), By Product (High-Level Disinfectants & Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors), and By Geography. According to Verified Market Research, the Global Endoscope Reprocessing Market size was valued at USD 1.50 Billion in 2020 and is projected to reach USD 2.75 Billion by 2028, growing at a CAGR of 7.9% from 2021 to 2028.

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Global Endoscope Reprocessing Market Overview

The growth of the global Endoscope Reprocessing Market is being driven by increasing incidences of endoscopy-related infections. The hospitals are heavily investing in endoscopy instruments. The increasing prevalence of diseases that require endoscopy procedures is further bolstering the growth of the global Endoscope Reprocessing Market. The governments are also allocating funds, grants and this may propel the growth of the Endoscope Reprocessing Market in their respective countries.

The increasing preference for endoscopic procedures, high risk of endoscope-associated infections, rising aged populace, and the consequent surge of endoscopic procedures, as well as growing prominence on enlightening reprocessing procedures by healthcare facilities in the market through the prediction period helps to empower the market growth. Additionally, growing demand for surgical procedures with faster recovery, also, fewer post-surgery infections, reduced scarring, less pain, better control on hemorrhage as well as improved exactness are expected to increase the demand for numerous endoscopy devices.

With improved alertness and development in the per capita income, moreover, with the growing number of clinics and hospitals as well as the vast patient populace, the need for improved quality healthcare services has improved in these nations. Also, numerous technologically advanced countries consider invest heavily in research and development, the manufacturing of new drugs and medical devices in these countries motivates the medical device markets, consequently rising medical devices industry in developing economic makes openings to the market.

Key Developments

Partnerships, Collaborations, and Agreements

• In December 2020, Cantel Medical and Censis Technologies entered into a partnership to develop a differentiated endoscope reprocessing software solution.
• In October 2019, Cantel completed the acquisition of Hu-Friedy.
• In April 2018, Cantel Medical announced it has received 510 (k) clearance for its novel automated endoscope preprocessor.

Key Players

The major players in the market are Advanced Sterilization Products (A Johnson & Johnson Company), Cantel Medical, Laboratories Anios (A Subsidiary of Ecolab Inc.), Olympus, Wassenburg Medical (A Member of Hoya), Custom Ultrasonics, Steris, Steelco, Getinge, Endo-Technik W. Griesat, BES Decon (A Division of BES Rehab Ltd), ARC Healthcare Solutions, Metrex Research.

Verified Market Research has segmented the Global Endoscope Reprocessing Market On the basis of End User, Product, and Geography.

• Endoscope Reprocessing Market, By End User
• Hospitals
• Ambulatory Centers
• Others
• Endoscope Reprocessing Market, By Product
• 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
• Endoscope Reprocessing Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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