Global Market Study on Automated Endoscope Reprocessors: Single Basin Automated Endoscope Reprocessors Product Type Segment Anticipated to Register a CAGR of 8.6% Between 2016 and 2024


  • Published On : Nov-2016 |
  • Pages : 180 Pages |
  • Format :

This Persistence Market Research report examines the global automated endoscope reprocessors market for the period 2016–2024. The primary objective of the report is to offer updates and information related to market opportunities in the global automated endoscope reprocessors market.

The report begins with an overview of the global automated endoscope reprocessors market and key definitions. This section also underlines factors influencing revenue growth of the global automated endoscope reprocessors market along with a detailing of the key trends, drivers, restraints, and opportunities for market players. Impact analysis of key regional growth drivers and restraints based on the weighted average model along with region specific trends is included in the report to better equip clients with relevant market information and hidden insights. The report covers the global automated endoscope reprocessors market performance in terms of revenue contribution from various segments. At the end of the report, Persistence Market Research provides strategic recommendations for both existing and new players to emerge sustainably profitable.

The global automated endoscope reprocessors market is segmented on the basis of product type, modality, end user, and region. On the basis of product type, the market has been segmented into single basin automated endoscope reprocessors and dual basin automated endoscope reprocessors. By modality, the market has been segmented into standalone automated endoscope reprocessors and bench top automated endoscope reprocessors. Based on end user, the market has been segmented into hospitals, ambulatory surgical centers, and clinics. A detailed analysis has been provided for every segment and sub-segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity, market attractiveness index, and Basis Point Share (BPS) analysis. The global automated endoscope reprocessors market report discusses regional growth trends of the automated endoscope reprocessors market across the five key regions of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa that contribute to the growth of the automated endoscope reprocessors market worldwide and also analyzes the extent to which drivers are influencing the market in each region.

The above sections – by product type, by modality, by end user, and by region – evaluate the present scenario and future growth prospects of the global automated endoscope reprocessors market for the period 2016 –2024. We have considered 2015 as the base year and provided comprehensive market data for the forecast period.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view of leading players operating in the global automated endoscope reprocessors market along with detailed company profiles, company-specific long-term and short-term strategies, key offerings, and recent developments in the global automated endoscope reprocessors market.

Research methodology

To ascertain the global automated endoscope reprocessors market revenue, the report considers regional revenue contribution and contribution of key players operating in the market. The forecast presented in the report assesses the total revenue generated by value across the global automated endoscope reprocessors market and in order to provide an accurate forecast, the report begins by sizing the current market, which forms the basis of how the global automated endoscope reprocessors market is anticipated to perform in future. Given the ever-fluctuating nature of the global economy, the report not only conducts forecasts in terms of CAGR, but also analyzes the market based on key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the global automated endoscope reprocessors market and to identify the right opportunities across the market. The different market segments and sub-segments have also been analyzed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying various trends impacting the global automated endoscope reprocessors market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is overlooked while forecasting the market. However, absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources in the global automated endoscope reprocessors market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report. Further, to understand key market segments in terms of growth and performance in the global automated endoscope reprocessors market, Persistence Market Research has developed a market attractiveness index to help providers identify real market opportunities across the global automated endoscope reprocessors market.

Endoscopes are an important diagnostic and therapeutic tool in healthcare. Automated endoscope reprocessor devices are used to clean, sterilize, and disinfect an endoscope. Physicians use endoscopes multiple times to diagnose and treat various diseases. Endoscopes are used on a number of patients, making them prone to contamination after use. To avoid risk of infection, endoscopes need to be sterilized before use. The global automated endoscope reprocessors market estimated to be worth US$ 740.6 Mn in 2015, is expected to increase at a CAGR of 7.2% through 2024.

Key market dynamics

Increasing adoption of automated endoscope reprocessors in hospitals for infection control and prevention is expected to fuel revenue growth of the global automated endoscope reprocessors market over the forecast period (2016 – 2024). An increasing number of endoscopy procedures coupled with minimally invasive surgeries among a rising global population is further expected to drive demand for the adoption of automated endoscope reprocessors. Rising concerns pertaining to patient safety, strong healthcare infrastructure support, and well-established reimbursements for surgical procedures are also driving revenue growth of the global automated endoscope reprocessors market.

However, risk of infection after endoscopic reprocessing procedures and complications associated with automated endoscope reprocessors are some of the challenges likely to hamper the growth of the global automated endoscope reprocessors market over the forecast period.

Segment analysis

The global automated endoscope reprocessors market has been segmented as under:

  • By Product Type
    • Single Basin Automated Endoscope Reprocessors
    • Double Basin Automated Endoscope Reprocessors
  • By Modality
    • Standalone Automated Endoscope Reprocessors
    • Bench Top Automated Endoscope Reprocessors
  • By End User
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics

The Single Basin Automated Endoscope Reprocessors product type segment is anticipated to dominate the global automated endoscope reprocessors market in revenue terms during the forecast period. This segment is expected to exhibit the highest growth over the forecast period, registering a CAGR of 8.6% between 2016 and 2024.

The Standalone Automated Endoscope Reprocessors modality segment is anticipated to be the most attractive segment of the global automated endoscope reprocessors market throughout the forecast period. Revenue from this segment is expected to increase 1.7X by 2024 end as compared to that in 2016.

The Hospitals end user segment is estimated to account for 65.6% revenue share of the global automated endoscope reprocessors market by 2016 end. This segment is projected to be the most attractive market segment, registering a market attractiveness index of 2.6 during the forecast period.

Regional analysis

The global automated endoscope reprocessors market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the largest market in terms of revenue and is estimated to hold a market share of 41.2% by the end of 2016. This market is projected to witness a CAGR of 8.2% over the forecast period. Europe is expected to be the second most lucrative regional market in the global automated endoscope reprocessors  market and is expected to represent absolute $ opportunity of US$ 13.6 Mn in 2017 over 2016. The Asia Pacific automated endoscope reprocessors market is anticipated to reach US$ 210.2 Mn by the end of 2024, expanding at a CAGR of 6.7% over the forecast period.

automated endoscope reprocessors market

Key market players

Cantel Medical Corp., Olympus Corporation, Johnson & Johnson, Steris Plc., Steelco SpA, Getinge Group, Metall Zug AG, Hoya Group, and Laboratoires Anios are some of the leading companies operating in the global automated endoscope reprocessors market. Top market players are focusing on utilizing advanced medical technology and infrastructure to develop innovative, cost-effective, and high quality products to enhance their presence in untapped, emerging markets. Some of these companies are also entering into strategic mergers and acquisitions and collaborations with endoscope manufacturers to enhance their product portfolio and increase market share.

The global automated endoscope reprocessors market is highly consolidated owing to high price of the equipment and high capital required for systems manufacturing. In 2015, Olympus Corporation was the leader with maximum market share in terms of revenue in the global automated endoscope reprocessors market. Cantel Medical, Steris Plc., and Advanced Sterilization Products Services Inc. (Subsidiary of Johnson & Johnson) offer a wide product portfolio in the global automated endoscope reprocessors market. Steris Corporation also holds a substantial market position in the global automated endoscope reprocessors market. Getinge Group and Laboratoires Anios collectively hold more than 50% of market revenue share in the Europe automated endoscope reprocessors market. Pentax medical (Hoya Corporation) is focusing on expanding its endoscopy segment in the Asia Pacific and Europe markets.

Company Profiles

  •        STERIS Plc.
  •        Olympus Corporation
  •        Laboratory Anios
  •        Hoya Corporation
  •        Getinge AB
  •        Metull Zug AG
  •        Steelco S.p.A.
  •        Cantel Medical Corp.
  •        Johnson & Johnson 
  •        Others.
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