Top 3 Factors Shaping Trends of Global Automated Endoscope Reprocessor Market

Complex surgeries such as duodenoscope among other endoscopes such as colonoscopies and gastroscopes have compelled hospitals to adopt automated endoscope reprocessor devices. In addition, surge in hospitalization due to biliary tract and pancreatic problems has increased the count of ERCP surgeries in the hospitals. Surge in number of cases of ERCP has further contributed towards growth of the global automated endoscope reprocessor market.

Segmentation Analysis

Single basin automated endoscope reprocessors among other types of products will retain dominance in terms of revenue and will witness a relatively high growth rate at 8.6% CAGR in the span of next eight years. Whereas, the standalone automated endoscope reprocessors among other types of modalities will witness an increase of 1.7X in the coming years. In 2016, hospitals among other end users accounted for a revenue share of 65.6% in the global automated endoscope reprocessor market.

Market Trends

Attributed to growing preference of hospitals and patients, the automated endoscope reprocessor devices will witness an upsurge in demand in the coming years. In addition, hospitals are striving to control and prevent infections, and further maintain a healthy environment in the hospitals. Such factors are likely to fuel demand of the automated endoscope reprocessor devices in the coming years. However, complicated procedures related to endoscopy and associated risks add to the list of factors inhibiting growth of the automated endoscope reprocessor market globally in the span of next eight years.

Hospitals among various end users accounted for a revenue share of 65.6% of the automated endoscope reprocessor market globally in 2016. Moreover, registering an attractiveness index of 2.6, hospitals among other end users will represent the most attractive segment in the span of next eight years.

Additionally, robust support for healthcare infrastructure in parallel to growing concerns regarding safety of patients will boost demand for automated endoscope reprocessor devices in ambulatory surgical centres, clinics and hospitals. Furthermore, adding to the count of surgical procedures in parallel to growing population will fuel growth of the automated endoscope reprocessor market globally in the coming years.

Single basin automated endoscope reprocessors among other types of products will retain dominance in terms of revenue in the automated endoscope reprocessor market globally in the span of eight years. Moreover, single basin automated endoscope reprocessors will witness relatively high growth rate of 8.6% CAGR in the coming years. Whereas among other types of modalities, standalone automated endoscope reprocessors will represent an attractive segment in the global automated endoscope reprocessor market in the span of next eight years. In addition, revenues generated from standalone automated endoscope reprocessors will witness an increase of 1.7X in the coming years as compare to 2016.

Regional Analysis

The North America automated endoscope reprocessor market will account for a revenue share of 41.2% by the end of 2016. Moreover, the North America automated endoscope reprocessor market will grow at a healthy CAGR of 8.2% in the span of next eight years. In addition, the automated endoscope reprocessor market in Europe will represent the second most lucrative market globally among other regions in the coming years. Furthermore, the automated endoscope reprocessor market in Europe will represent an absolute $ opportunity of US$ 13.6 Mn in 2017 over 2016. However, the Asia Pacific automated endoscope reprocessor market will grow at 6.7% CAGR and reach US$ 210.2 Mn in the span of next eight years.

In 2015, leading market players such as Olympus Corporation accounted for major revenue share in the global automated endoscope reprocessor market. Whereas, Steris Plc., Advanced Sterilization Products Services Inc. (subsidiary of Johnson & Johnson) and Cantel Medical have a wide product portfolio in the automated endoscope reprocessor market globally.

For more information visithttp://www.persistencemarketresearch.com/market-research/automated-endoscope-reprocessor-market.asp

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s