Market Trends of Endoscope Reprocessing Industry
Automated Endoscope Reprocessors Segment is Expected to Register Good Growth Over the Forecast Period
Automated endoscope reprocessors are designed to kill microorganisms in or on reusable endoscopes by exposing their outside surfaces and interior channels to high-level disinfectant or liquid chemical sterilant solutions. Also, the suggested usage of automated endoscope reprocessors in various guidelines is expected to contribute to the growth of the studied segment. For instance, in January 2021, the Single Use Endoscopy article guidelines enlisted the GI societies' updated guidelines which mentioned that under normal circumstances, one cycle of high-level disinfection, preferably in an automated endoscope reprocessor is enough to ensure adequate reprocessing.
Likewise, the increasing product launches and approvals, given the added features of automated endoscope reprocessors, are expected to drive the studied segment over the forecast period. Similarly, in June 2022, Getinge launched an updated version of the ED-Flow automated endoscope reprocessors. ED-Flow efficiently performs leak testing, cleaning, and high-level disinfection of flexible endoscopes, delivering effective, reliable results. New process indicator lights have been added to allow easy visibility of the process status from across the room, which creates improved department workflow leading to higher productivity. Hence, such innovative product launches would improve efficiency and will fuel market growth.
Additionally, in May 2021, the United States Food and Drug Administration (FDA) granted 510(k) clearance for Advanced Sterilization's ASP Aeroflex, a device that automatically cleans and sterilizes endoscopes. The Advanced Sterilization device can automatically clean and disinfect flexible endoscopes from multiple manufacturers in 22 minutes, eliminating the need to use manual test strips to measure the disinfectant's concentration. Hence, such approvals are likely to increase segment growth.
North America is Expected to Hold Significant Market Share Over the Forecast Period
North America holds the majority of the share and in the North American region, the United States holds the major share. The rising number of disorders and the increasing launches and acquisitions by key market players in the region are the major drivers for the growth of the studied market. Increasing cases of cancer in this region are also expected to drive the demand for endoscopy procedures, thereby fueling the growth of the market.
For instance, according to the Canadian cancer society data 2022, nearly 24,300 Canadians will be diagnosed with colorectal cancer in 2022. Thus, increasing colorectal cancer would require a higher diagnostic rate, which will fuel the demand for endoscopy and hence will increase the growth rate of the studied market.
Additionally, the increasing number of product launches and high concentration of major players in the region is expected to boost the market. For instance, in January 2021, Olympus launched the endoscope storage cabinet, the ScopeLocker with HEPA-hinged door endoscope storage system. This line expansion of Olympus' infection prevention offering addresses a rapidly shifting environment in the gastrointestinal field. Also, in January 2021, IDESCO launched the endoscope drying storage cabinet called the IDESCO ENDO D3. Hence, all the above-mentioned factors are expected to augment the growth of the North American market over the forecast period.
