Endoscope Cleaning Products Market
Endoscope Cleaning Products Market Share Analysis By Product Type (Endoscope Detergents and Disinfectants, Endoscope Pre-cleaning Try, Others), By Process Type (Manual cleaning system, Automated cleaning system), By End Users(Hospitals, Clinics, Others) & By Region Forecast, 2021-2031
Endoscope cleaning products Market Forecast and CAGR
According to the recent research by Fact MR, the endoscope cleaning products market is anticipated to witness 7.8% growth during the forecast period from 2021 to 2031. This noteworthy growth will be experienced due to the high prevalence of endoscopic-related infections. Therefore, endoscope cleaning products demand is expected to increase significantly during the forecast year from 2021 to 2031.
What is Driving Demand for Endoscope cleaning products?
Endoscopes are used for diagnostics and therapeutic purposes. The cleaning and decontamination of endoscope products are crucial steps done by skilled professionals to avoid the chances of infections in patients. The market is predominantly driven by the low risk associated with endoscopic procedures.
The government is taking initiatives to control and prevent the infections that are expected to propel the growth of the infection control supplies market. The increasing number of speciality surgical centers and ambulatory surgical centers propel the growth of the endoscope cleaning products market.
Also, awareness regarding infectious diseases increases that enhances the demand for endoscope cleaning products globally during the forecast period from 2021 to 2031.
Rise in Research & Development Likely to Augment Endoscope cleaning products
The key players of the endoscope cleaning products market increase the investment in the R & D sector. Investment in R & D gives greater opportunities for the players to develop innovative products and launch in the market. It also increases the reach of the manufacturers in the market by targeting more consumers or healthcare professionals. For instance, Johnson and Johnson spent 11% of its revenue on R & D in 2010 which reaches 14% in 2017.
Thus, it enhances the market of endoscope cleaning products during the forecast period from 2021 to 2031 in the world.
U.S. and Canada Endoscope cleaning products market Outlook
U.S. and Canada remain the predominant market for endoscope cleaning products because of the presence of key players in the region. For instance, CONMED Corporation having headquarter in the U.S. provides a wide range of endoscope related products in the market such as CleanTray™ which is an endoscope pre-cleaning system, endoscope cleaning brushes, endoscope flushing pumps and others.
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Europe Demand Outlook for Endoscope cleaning products
The demand for endoscope cleaning products will be increased in Europe because of the presence of rising patients and geriatric populations in the region.
With increasing age, gastrointestinal (GI) related diseases increases. The endoscope is used in the diagnosis and treatment of GI-related diseases.
According to EUROSTAT, in 2020, there were 20.6% of people in Europe were more than 65 years of age, they are at higher risk of chronic diseases and cancers.
Thus, it will increase the use of an endoscope and so the endoscope cleaning products market.
Who are the Key Manufacturers and Suppliers of Endoscope cleaning products?
The key players of endoscope cleaning products include CONMED Corporation, MEDIVATORS Inc., Olympus Corporation, Hoya Corporation, Steris plc., TBJ Incorporated, SciCan Medical, Diversatek Healthcare, Steelco S.p.A, Custom Ultrasonics, ARC Healthcare Solutions, BHT Hygiene Technology GmbH, and others.
They follow certain strategies to survive in the market like a product launch, product approval, patent gaining, expansion, acquisition and merger. For instance, in June 2021, Olympus Corporation in collaboration with Hitachi, Ltd. announced a five-year contract to jointly develop endoscopic ultrasound systems (EUS).
An Adaptive Approach to Modern-day Research Needs
The report covers exhaustive analysis on:
- Endoscope cleaning products market Segments
- Endoscope cleaning products market Dynamics
- Endoscope cleaning products Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America ( Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (Germany, Italy, UK, Spain, France, Russia, Rest of Europe)
- South Asia (India, Indonesia, Malaysia, Thailand, Rest of South Asia)
- East Asia (Japan, South Korea, China)
- Oceania ( Australia, New Zealand)
- Middle East and Africa (GCC, Turkey, South Africa, Rest Of MEA)
Interested to Procure The Data
- Detailed overview of Endoscope cleaning products market
- Changing market dynamics in the industry
- In-depth Endoscope cleaning products market segmentation
- Historical, current and projected market size in terms of volume and value
By Product Type
- Endoscope Detergents and Disinfectants
- Endoscope Pre-cleaning Try
- Pre-cleaning Brush
- Ultrasonic Cleaners
- Spray-gun Rinser
By Process Type
- Manual cleaning system
- Automated cleaning system
By End Users
- Ambulatory Surgical Centre
- North America
- Latin America
- South Asia
- East Asia
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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