Dublin, Aug. 26, 2022 (GLOBE NEWSWIRE) -- The "Endoscope Reprocessing Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. Endoscope reprocessing is a multi-step process that involves effective cleaning, disinfection, and sterilization of endoscopy devices and their accessories. The high risk of infections associated with improper sterilization of endoscopes is majorly driving the demand for reprocessing equipment. The endoscope reprocessing market will be flourishing due to a focus on high cleaning standards and mounting pressures for sterilized and disinfected medical devices in hospitals and clinics. The high usage of endoscopic devices mainly drives the global endoscope reprocessing market for diagnosis and treatment. This is due to the growing burden of various digestive and respiratory tract disorders that require endoscopy. Frequent use of these endoscopic instruments leads to an increased risk of infections; hence, these are being disinfected and cleaned using reprocessing systems. The demand for these systems is likely to grow in healthcare centers, but however, the high cost of endoscopy, improper or under reprocessing leading to infections, and the growing prominence of single-use bio processors can hinder the growth of the market. Gastrointestinal (GI) endoscopy is an essential tool for identifying and treating gastrointestinal tract disorders. Gastrointestinal endoscopes can become highly contaminated with their frequent use in patients, as millions of endoscopy procedures are being performed in the US alone. Cleaning, disinfection, and sterilization process are vital for the prevention of infections caused due to the contamination of these endoscopes. Hence the demand for reprocessing the endoscopes has become highly important. Market Trends and Drivers
The rise in Target Population Requiring Endoscopic Interventions
Growing Risk of Developing Endoscope-Related Infections
Regulatory Guidelines Promoting Usage of Endoscope Reprocessing
Increasing Hospital Investments in Endoscopes & Reprocessing Systems
RISK OF GROWING TARGET POPULATION AND DEVELOPMENT OF ENDOSCOPIC INFECTIONS
The number of patients suffering from gastrointestinal diseases is rising across the world. These diseases are among the most costly and debilitating health conditions, accounting for about 3 million hospital admissions in the United States alone. The prevalence of these diseases is increasing the need for performing endoscopic procedures in various healthcare centers. An estimated 17 million lower GI endoscopies and about the same number of upper endoscopies are performed annually in the US. This initiates the risk of infections associated with the formation of biofilms due to their frequent usage. The infection rate approaches 1 in 10 million procedures. With the growing risk of these infections, the demand for endoscope reprocessing systems is growing.
THE GROWING TREND OF INCORPORATING TRACKING SOLUTIONS
Proper endoscope reprocessing is vital for patient safety. Ensuring that every step in the process is completed needs complex tracking and documentation. Eliminating manual documentation logs and ensuring the endoscope is disinfected and cleaned before using it in the procedure. Significant benefits of these tracking solutions include improved handling of endoscope complexity, integration with multiple systems, quality assurance of workflow, and optimization of return on investment.
TECHNOLOGICAL ADVANCEMENTS DRIVING MARKET GROWTH
Several manufacturers are emphasizing automation of the disinfection workflows to a large extent. This has also defined their production advancements and innovation strategies in recent years. For instance, in 2018, around $0.4 billion was invested by Olympus to enhance their systems for performing tests to check cleaning and disinfection effectiveness. The cleaning has always been challenging owing to the inability to inspect the cleanliness inside the lumens of an endoscope until now. The latest technological advancements have allowed the development of flexible inspection camera systems that can check an instrument's internal channels for debris and damage, which could help reduce infection rates.
HIGH COST OF ENDOSCOPY PROCEDURES AND REPROCESSING EQUIPMENT
The high cost associated with endoscopy lowers the number of endoscopic procedures performed on patients. Medical procedures such as endoscopies can be costly without insurance. The cost of a colonoscopy typically ranges between $1,250 to over $4,800 in the US, with an endoscopy's national average price of $2,750. Also, the cost of the equipment ranges from $114.07 to $280.71. The average reported repair cost - whether attributed to a leak test failure, damage during a visual inspection, or a failed cleaning verification test was estimated to be $5,833. Such high prices can limit the adoption of re-processing equipment.
IMPACT OF COVID-19 ON THE GLOBAL ENDOSCOPE REPROCESSING MARKET
Gastrointestinal complaints were frequent among COVID-19 patients, with possible occurrences of diarrhea, nausea, and vomiting. A March 2020 multicenter survey revealed near-universal exposure to COVID-19 positive patients in endoscopy units: 97.6% experienced a reduction in endoscopic activities, and 50% performed endoscopic procedures on COVID-19 positive patients. Hence, there was a moderate need for performing endoscopy procedures during COVID-19. Due to this, the demand for endoscope re-processing systems was high as there was a high risk of disease transmission among patients and healthcare providers.
Key Questions Answered 1. What is the Projected Market Size & Growth Rate of the Endoscope Reprocessing Market? 2. What Are the Key Driving Factors for the Growth of the Endoscope Reprocessing Market? 3. Which Region is Anticipated to Witness Considerable Growth in the Endoscope Reprocessing Market? 4. Which Product is Expected to Hold the Largest Share in the Endoscope Reprocessing Market? Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of the Study 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation 6 Market at a Glance 7 Introduction 7.1 Overview 8 Premium Insights 8.1 Overview 9 Market Opportunities & Trends 9.1 Increased Fda Evaluations & Approvals of Automated Endoscope Reprocessors 9.2 Demand for Endoscope Reprocessing Tracking Solutions 9.3 Technological Advances in Endoscope Reprocessing Methods 10 Market Growth Enablers 10.1 Increase in Target Population Requiring Endoscopic Interventions 10.2 Risk of Endoscope-Related Infections 10.3 Regulatory Guidelines That Promote Endoscope Reprocessing 10.4 Hospital Investments in Endoscopes & Related Reprocessing Systems 11 Market Restraints 11.1 High Cost of Endoscope Reprocessing Equipment 11.2 Safety Concerns & Limitations of Endoscope Reprocessing 11.3 Side Effects of Detergents & Disinfectants 11.4 Growth in Popularity of Single-Use Endoscopes 12 Market Landscape 12.1 Market Overview 12.2 Market Size & Forecast 12.3 Five Forces Analysis 13 Product 13.1 Market Snapshot & Growth Engine 13.2 Market Overview 14 Disinfectants 14.1 Market Overview 14.2 Market Size & Forecast 15 Reprocessing Equipment 15.1 Market Overview 15.2 Market Size & Forecast 15.3 Automated Endoscope Reprocessors 15.4 Disinfection & Sterilization Systems 16 Detergents 16.1 Market Overview 16.2 Market Size & Forecast 17 Drying, Storage & Transport Systems 17.1 Market Overview 17.2 Market Size & Forecast 18 Others 18.1 Market Overview 18.2 Market Size & Forecast 19 End-User 19.1 Market Snapshot & Growth Engine 19.2 Market Overview 19.3 Hospitals 19.4 Specialty Clinics & Medical Office Suites 19.5 Standalone Reprocessing Service Facilities 19.6 Others 20 Geography 20.1 Market Snapshot & Growth Engine 20.2 Geographic Overview 21 North America 21.1 Market Overview 21.2 Market Size & Forecast 21.3 Key Countries 22 Europe 22.1 Market Overview 22.2 Market Size & Forecast 22.3 Key Countries 23 Apac 23.1 Market Overview 23.2 Market Size & Forecast 23.3 Key Countries 24 Latin America 24.1 Market Overview 24.2 Market Size & Forecast 24.3 Key Countries 25 Middle East & Africa 25.1 Market Overview 25.2 Market Size & Forecast 25.3 Key Countries 26 Competitive Landscape 26.1 Competition Overview 26.2 Market Share Analysis 27 Key Company Profiles 27.1 Steris 27.2 Ecolab 27.3 Getinge Ab 27.4 Olympus 27.5 Fortive 28 Other Prominent Vendors 28.1 3M 28.2 Acuro Organics Limited 28.3 Atms 28.4 Becto 28.5 Bes Healthcare 28.6 Brulin 28.7 Cardinal Health 28.8 Censis 28.9 Cetylite 28.10 Conmed 28.11 Contec 28.12 Creo Medical 28.13 Hako Group 28.14 Hoya 28.15 Hygiene-Konzepte 28.16 Lonza 28.17 Medalkan 28.18 Medical Devices Group Srl 28.19 Metall Zug AG 28.20 Metrex Research 28.21 Mitra Group 28.22 Nanosonics 28.23 Pentax Medical 28.24 Pharmax 28.25 Purposebuilt Brands 28.26 Richard Wolf GmbH 28.27 Summit Imaging 28.28 Sympliant 28.29 the Clorox Company 28.30 Tuttnauer 29 Report Summary 30 Quantitative Summary 31 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pimbaf
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