Automated Endoscope Reprocessors Market is expected to reach US$ 706.3 Mn with Healthy CAGR of 7.4% by 2028 | STERIS Plc., Olympus Corporation, Laboratory Anios, Hoya Corporation

Automated endoscope reprocessors are used to destroy or kill microorganisms in or on reusable endoscopes by uncovering their outside surfaces and inside channels to compound. The demand for automatic endoscope reprocessors is increasing exponentially, thanks to a number of factors. The growing prevalence of various infectious diseases is a key factor, driving a demand for effective endoscope preprocessors. In addition, the surge in investment in the medical field is expected to fuel the market growth. This article discusses the benefits of automated endoscope reprocessors.

The global automated endoscope reprocessors market is estimated to account for US$ 424.8 Mn in terms of value and is expected to reach US$ 706.3 Mn by the end of 2027.

Global Automated Endoscope Reprocessors Market: Drivers

Growing preferences for value-based healthcare model is projected to augment growth of the global automated endoscope reprocessors market.

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Automated endoscope reprocessors has important role in healthcare settings, as they are used in everyday medical practice and for all age groups. Government and regulatory bodies of various countries are adopting various cost-containment measures to reduce the healthcare burden, especially in developed economies. It is driven by various measures taken by governments, medical device providers, insurance payers and manufacturers, which include outcome-based pricing, profit and risk sharing, price control and competitive tendering.

Additionally, growing number of infection rate and hospital-acquired infections (HAIs) is again projected to support growth of the market. Automated endoscope reprocessors help to reduce prevalence and incidences of infections (endogenous or exogenous) and thus, demand for the same is projected to gain traction over the forecast period.

Single Basin AER held dominant position in the global automated endoscope reprocessors market in 2019, accounting for 50.02% share in terms of value, followed by Dual Basin AER.

Global Automated Endoscope Reprocessors Market: Restraints

Risks of infection associated with the post endoscopic reprocessing procedures is projected to hinder growth of the global automated endoscope reprocessors market. E-coli microscopic organisms can be passed among patients by means of unclean endoscopes, which can bring about an intense disease episode. Automated endoscope reprocessors market is witnessing many issues associated with infection control, adaptable endoscopes may turn out to be intensely debased with blood, emissions, and microorganisms amid utilize. These instruments are hard to clean and sanitize and simple to harm in view of their mind boggling plan, with thin lumens and numerous inside channels.

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Moreover, advent of custom ultrasonics automated endoscope reprocessors result into significant negative impact on patient safety. In this the contaminations may spread from one patient then onto the next because of absence of accomplishment in totally annihilating microbes and past disease from reusable endoscopes. Such scenario is again expected to hinder the market growth.

Global Automated Endoscope Reprocessors Market: Opportunities 

Growing number of emergency surgeries is projected to provide lucrative growth opportunities for players in the global automated endoscope reprocessors market. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.

Moreover, high demand for advanced automated endoscope reprocessors compared to conventional systems is again expected to uplitf growth of the market. Over the last few years, companies have been focusing on development of newer automated endoscope reprocessors to target a range of end consumers such as hospitals and specialty clinics. New automated endoscope reprocessors are known for full cleaning of endoscopes by eliminating infection transmission and cross-contamination.

The global automated endoscope reprocessors market was valued at US$ 394.8 Mn in 2019 and is forecast to reach a value of US$ 706.3 Mn by 2027 at a CAGR of 7.4% between 2020 and 2027.

Market Trends/Key Takeaways

Approval and launch of new devices is projected to augment growth of the global automated endoscope reprocessors market. For instance, in April 2018, The U.S. Food and Drug Administration announced that Custom Ultrasonics completed validation testing of its System Plus automated endoscope reprocessors, and that the devices are cleared for the reprocessing of certain duodenoscopes.

Key players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in October 2019, Cantel Medical Corp. acquired Hu-Friedy Mfg. Co LLC, a manufacturer of instruments and instrument reprocessing workflow systems.

Global Automated Endoscope Reprocessors Market: Competitive Landscape

STERIS Plc., Olympus Corporation, Laboratory Anios, Hoya Corporation, Getinge AB, Metull Zug AG, Steelco S.p.A., Cantel Medical Corp., Advanced Sterilization Products, Custom Ultrasonics, and Johnson & Johnson.

Global Automated Endoscope Reprocessors Market: Key Developments

Major players are focused on approval of new products to expand their product portfolio. For instance, in April 2019, Advanced Sterilization Products received 510(k) clearance from the U.S. Food and Drug Administration for the ASP AEROFLEX Automatic Endoscope Reprocessor.

Major players are also focused on launching new products to expand their product portfolio. For instance, in October 2018, Olympus Corporation launched its OER-Mini tabletop endoscope reprocessor for ENT.

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Reasons to Purchase This Report

• Current and future of Automated Endoscope Reprocessors Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Product Type
     • Market Snippet, By Modality
     • Market Snippet, By End User
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Impact Analysis
   • Key Developments
   • Regulatory Scenario
   • PEST Analysis
   • COVID-19 Impact Analysis
4. Global Automated Endoscope Reprocessors Market, By Product Type, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Single Basin AER
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
     • Segment Trends
   • Dual Basin AER
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
     • Segment Trends
5. Global Automated Endoscope Reprocessors Market, By Modality, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Standalone AER
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Bench top AER
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
6. Global Automated Endoscope Reprocessors Market, By End User, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Hospitals
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Ambulatory Surgical Centers
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Clinics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
7. Global Automated Endoscope Reprocessors Market, By Regions, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • North America
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
       • U.S.
       • Canada
   • Europe
     • U.K.
     • Germany
     • Italy
     • France
     • Spain
     • Russia
     • Rest of Europe
   • Asia Pacific
     • China
     • India
     • Japan
     • ASEAN
     • Australia
     • South Korea
     • Rest of Asia Pacific
   • Latin America
     • Brazil
     • Mexico
     • Argentina
     • Rest of Latin America
   • Middle East
     • GCC
     • Israel
     • Rest of Middle East
   • Africa
     • North Africa
     • Central Africa
     • South Africa