Endoscope Reprocessing Market Size, Business Opportunities and Top Manufacture

 In 2021, the global endoscope reprocessing market was worth around $1,879.9 million, and it is predicted to hit $4,358.1 million by 2030, progressing at a 9.8% CAGR from 2021 to 2030. This is primarily due to the growing preference for minimally invasive treatments, increasing danger of infection by contaminated endoscopes, and rising stringency of the rules governing medical device safety on a global scale.

To avoid the complications and extra costs related to the different services offered under contracts with medical equipment manufacturers, end users are increasingly entering into multi-vendor contracts with ISOs. For example, customers may combine all of NovaMed Corporation's services under a single contract, owing to its extensive service management program.

With an estimated contribution of $1.0 billion, North America leads the endoscope reprocessing market. This is due to the region's advantageous reimbursement policies, increase in cancer incidence, and demand for less-invasive procedures. Additionally, the existence of large medical device manufacturers, including Stryker Corporation, Boston Scientific Corporation, Cantel Medical Corp., and Conmed Corporation, makes it simple to find both endoscopes and OEM repair services.

The APAC endoscope reprocessing market is predicted to grow with more than 10.0% CAGR in this decade because of the rise in the volume of endoscopic procedures and improvements in the healthcare system. Additionally, in 2021, China and Japan together held around 50% share in the region, because of the high prevalence of GI-related malignancies in both nations.

Flexible endoscopes account for the majority of the demand for reprocessing, which is why they held approximately 65.0% share in 2021. This is due to the active release of automated endoscope reprocessors by the leading companies, which are rather compatible with flexible endoscopes.

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This study covers

•             Major factors driving the market and their impact during the short, medium, and long terms

•             Market restraints and their impact during the short, medium, and long terms

•             Recent trends and evolving opportunities for the market participants

•             Historical and the present size of the market segments and understand their comparative future potential

•             Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

•             Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

•             Major players operating in the market and their service offerings