Fact.MR – A Market Research and Competitive Intelligence Provider: As per Fact.MR, the endoscope cleaning products market is forecast to register a CAGR of 7.8% between 2021 and 2031.
Automatic Endoscope Reprocessors (AERs) Emerge as Ideal Means for Disinfecting Endoscopes
The latest research by Fact.MR on endoscope cleaning products market offers comprehensive details about the drivers, challenges, opportunities, and trends affecting growth of the market through 2031. It also provides in-depth analysis of the market in terms of product type, process type, end-users and region.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per Fact.MR, the endoscope cleaning products market is forecast to register a CAGR of 7.8% between 2021 and 2031. The swift growth of the market can be attributed to the growing preference for minimally invasive endoscopic procedures and high prevalence of endoscope-related infections.
Endoscope-associated infections due to contaminated endoscopes continues to challenge medical professionals. According to the World Health Organization (WHO), millions of patients worldwide are affected by healthcare-associated infections each year. To curb the spread of infection, focus on sanitizing medical equipment is at all-time high. Consequently the demand for endoscope cleaning products is increasing as means to disinfect endoscopes.
Government push and efforts adopted by various healthcare organizations to prevent the risk of infection will enable the sales of endoscope cleaning products to accelerate. Rapidly increasing number of hospitals, diagnostic centers and ambulatory surgical units will therefore drive the sales of endoscope cleaning products during the assessment period.
As per Fact.MR, automated endoscope reprocessors (AERs) are anticipated to emerge as top-selling product in the market because they offer high-level disinfection with minimum human intervention.
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Regionally, North America has been identified as the dominant endoscopes cleaning products market. The increasing number of endoscopic procedures conducted in the region, growing awareness among patients and their families, presence of leading players, and a slew of endoscope reprocessor launches and approvals will create a conducive environment for growth in North America.
“High prevalence of medical device infections in developing countries is encouraging market players to focus on expanding their footprint. Strategic collaborations will therefore remain popular as companies seek to capitalize on unmet medical needs in emerging markets,” says the Fact.MR analyst.
Key Takeaways from Endoscope Cleaning Products Market Survey
- With increasing incidence of endoscope related infections and high investments in healthcare infrastructure, North America will continue to dominate the endoscope cleaning products market.
- The U.S. and Canada are the most lucrative markets for endoscope cleaning products within North America.
- Europe market is poised to exhibit strong growth on the back of rising patient pool and rapidly increasing geriatric population.
- In terms of process type, automated cleaning system is likely to witness highest growth during the forecast period.
- Latest trends indicate hospitals segment to continue its dominance in the endoscope cleaning products market. This is mainly due to the increasing risk of infections in hospital environment.
Key Drivers
- High risk of infection associated with improper sterilization of endoscope boosts the demand for endoscope cleaning products.
- Rising number of endoscopic procedures coupled with increasing need to decontaminate the endoscopes regularly is positively impacting the market.
- Increasing investments by government and other health organizations to develop medical infrastructure will continue to facilitate the market growth.
- Implementation of strict reprocessing guidelines by healthcare organizations is expected to create lucrative growth opportunities for the market players.
Key Restraints
- High cost associated with endoscopy procedures is hampering the growth of the market.
- Risks associated with manual disinfection process also limits the market growth. Manual disinfection procedures have the potential to expose workers to both microorganisms and disinfectant agents.
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Competitive Landscape
Amid soring competition, leading manufacturers are leveraging various strategies such as new product launches and approvals, mergers, patent approvals, expansion, and acquisitions to gain a competitive edge in the global market.
- In October 2020, Olympus Corporation, a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, launched OER-Elite, its next-generation automated endoscope reprocessor. The OER-Elite simultaneously cleans and disinfects up to two endoscopes in 28 minutes.
- In January 2021, STERIS plc signed a definitive agreement to acquire Cantel Medical Corp, a global provider of infection prevention products and services primarily to endoscopy and dental customers. The acquisition will help the company to expand its product portfolio.
- In June 2017, PENTAX Europe launched profile single use cleaning brushes for endoscope reprocessing to EMEA market.
Some of the prominent players operating in the endoscope cleaning products market profiled by Fact.MR are:
- CONMED Corporation
- MEDIVATORS Inc.
- Olympus Corporation
- Hoya Corporation
- Steris plc.
- TBJ Incorporated
- SciCan Medical
- Diversatek Healthcare
- Steelco S.p.A
- Custom Ultrasonics
- ARC Healthcare Solutions
- BHT Hygiene Technology GmbH
- Others
More Insights on the Global Endoscope Cleaning Products Sales Outlook
Fact.MR provides an unbiased analysis of endoscope cleaning products market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for endoscope cleaning products with a detailed segmentation on the basis of:
Product Type
- Endoscope Detergents and Disinfectants
- Endoscope Pre-cleaning Try
- Pre-cleaning Brush
- Ultrasonic Cleaners
- Spray-gun Rinser
- Others
Process Type
- Manual cleaning system
- Automated cleaning system
End Users
- Hospitals
- Clinics
- Ambulatory Surgical Centre
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
Key Questions Covered in the Endoscope Cleaning Products Market Outlook Report
- The report offers insight into endoscope cleaning products demand outlook for 2021-2031.
- The market study also highlights projected sales growth for endoscope cleaning products market between 2021 and 2031.
- Endoscope cleaning products market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Endoscope cleaning products market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
Explore Fact.MR’s Coverage on the Healthcare Domain –
Medical Device Cleaning Market- The rising number of patients suffering from chronic diseases, the rising prevalence of the geriatric population, the rising number of surgical procedures, the prevalence of regulatory requirements and compliance, the increasing investments by governments to improve healthcare infrastructure and the increasing healthcare expenditure by patients, and the rising number of private and public hospitals are some of the major factors affecting the medical device cleaning market growth.
Medical Equipment Maintenance Market- Medical equipment maintenance service is predicted to grow in demand as more investment is done in medical facilities. Technical improvements in the realm of medical equipment are expected to increase the demand for maintenance services. Various factors contribute to this expansion, including increased awareness of medical equipment preventive maintenance, increased funding for innovative goods, and an increase in the sale of used medical equipment, to name a few.
Endoscope Flushing Pumps Market- The market for endoscope flushing pumps will expand as the number of gastroenterological procedures rises. Touch screens and huge computer screens are included in the next generation of endoscopic flushing pumps. Endoscope flushing pump manufacturers are focusing on providing innovative, touch-screen based product options in response to changing end-user expectations. The rising prevalence of diseases requiring favorable reimbursement policies, as well as greater utilization of endoscopic procedures, are also boosting demand for endoscope flushing pumps.
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Source: Fact.MR