Endoscope Reprocessing: Growing Approvals of Automated Endoscope Reprocessing Revolutionising the Market
According to Arizton’s latest research report, the endoscope reprocessing market is expected to grow at a CAGR of over 8.5% from 2022 to 2027. The presence of a large target population and endoscope reprocessing equipment manufacturers contributes to the high market share of North America.
APAC is likely to be the fastest growing region with the highest CAGR of 9.60% during 2022-2027. The region's main reason for fast growth is due to the growing availability of endoscope reprocessing systems, cheap labor, the low cost of manufacturing, and major technological advances in the healthcare sector.
In 2021, automated endoscope reprocessing accounted for an over 68% share in the global endoscope reprocessing market. Endoscopes are semi critical devices that require a high level of disinfection. There are two methods of endoscope disinfection: manual disinfection and automated endoscope reprocessing. During manual disinfection, the cleaner is exposed to an irritant and toxic disinfectant solution. Sufficient cleaning requires manpower, and a constant level of disinfection effects is hardly obtained even though only one person performs the whole process. Therefore, automated endoscope reprocessing (AERs) is frequently used these days.
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WHY ARE HOSPITALS INVESTING IN ENDOSCOPE REPROCESSING SYSTEMS?
Healthcare facilities and other standalone diagnostics centers are under more pressure to run an efficient, profitable operation for performing endoscopic procedures. Many endoscopy departments undertake efforts to increase their volume without increasing their procedure costs. In 2021, the Jamaican government announced an investment of around $700 million to procure diagnostic and other medical devices. In addition, preparatory groundwork is underway on a new over $17 million state-of-the-art endoscopy unit. The funding is part of a $28.23 million emergency national capital investment given to Queen Elizabeth Hospital (QEH), which will modernize the hospital’s facilities for patients, their families, and staff.
In 2022, an investment of over $6 million was made in a new endoscopy and urology diagnostic hub at the Friarage Hospital in Northallerton, UK, which is due to open later this year. The new hub will provide state-of-the-art facilities to patients undergoing urology and endoscopy procedures. Such funding also contributes to the increased purchase of endoscope reprocessing. For instance, in February 2022, the Rotary Club of Wellington, Canada, entered a second pledge commitment with the Prince Edward County Memorial Hospital Foundation to fund up to $60,000 to purchase an AER needed at the Quinte Health Care Prince Edward County Memorial Hospital, Canada.
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2027
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product end-user, and geography
- Competitive Landscape – 5 Key Company Profiles and 30 Other Prominent Vendors
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