The Endoscope Reprocessing Global Market Report 2023 by The Business Research Company, provides endoscope reprocessing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Endoscope Reprocessing Global Market Report 2023, the market size is expected to grow from $2.15 billion in 2022 to $2.38 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global endoscope reprocessing is expected to grow to $3.56 billion in 2027 at a CAGR of 10.6%.
The rising incidence of cancer is expected to propel the growth of the endoscope reprocessing market going forward. Cancer is a condition that occurs when a few of the body’s cells grow out of control and spread to other bodily regions. In the millions of cells that make up the human body, cancer can develop practically anywhere. Endoscope reprocessing is used for cleaning, disinfection, and sterilization. The growing population and exposure to the infection lead to chronic diseases.
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The endoscope reprocessing market is segmented:
1) By Type: Flexible, Rigi
2) By Product: High-Level Disinfectants and Test Strips, Other Products
3)By End-User: Hospitals, Ambulatory Surgical Centers and Clinics, Other End-Users
Technological advancement is the key trend gaining popularity in the endoscope reprocessing market. Major companies operating in the endoscope reprocessing sector are focused on developing new and advanced products to meet customer demand. For instance, in September 2021, Steelco spa, a US-based infection control solution provider company, launched EW 1 S MAXI, the most advanced automated endoscope reprocessor currently available on the market, setting new standards for endoscope reprocessing. The innovations have been incorporated into EW 1 S MAXI, which was created in collaboration with top decontamination experts and would improve the safety, effectiveness, and usability of endoscope reprocessing procedures. The most recent EW 1 S MAXI design does include a technologically advanced evolution that enables the Oral corticosteroids (OCS) to be automatically connected to the chamber without operator intervention. This is singular and remarkable progress to minimize operator time and action for a lean and error-free process.
The endoscope reprocessing market report table of contents includes:
1. Executive Summary
2. Endoscope Reprocessing Market Characteristics
3. Endoscope Reprocessing Market Trends And Strategies
4. Endoscope Reprocessing Market – Macro Economic Scenario
5. Endoscope Reprocessing Market Size And Growth
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26. Africa Endoscope Reprocessing Market
27. Endoscope Reprocessing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Endoscope Reprocessing Market
29. Endoscope Reprocessing Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Samsung Electronics Co. Ltd
- Taiwan Semiconductor Mfg. Co Ltd
- SK Hynix Inc
- Qualcomm
- Hon Hai Precision Industry
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