Endoscope Reprocessing Market Professional Survey Report 2019

The global endoscope reprocessing device market to grow from US$ 949.9 Mn in 2016 to US$ 2,171.5 Mn by 2027 end.

This represents CAGR of 7.9% over the forecast period of 2017–2027.

Endoscope are used on number of patients, after use it is contaminated with microorganism and it is necessary to clean it and make it microorganism free.

For cleaning, sterilisation and disinfection of endoscope and use of endoscope reprocessing device, one must follow the manufacturer’s direction and various standard organisation process to achieve the micro- organism free cleaning and to avoid the future complications.Endoscope Reprocessing Device Market: Key PlayersSome of the key players in the Global endoscope reprocessing device market are STERIS Plc., Cilag GmbH International, Soluscope, ENDO-TECHNIK W.Griesat GmbH, Getinge AB, Wassenburg Medical B.V., Steelco S.p.A., MEDIVATORS Inc. (Cantel Medical Corp.), Johnson & Johnson and Minntech Corp.Request Report Sample@ www.futuremarketinsights.com/reports/sample/rep-gb-2058Endoscope Reprocessing Device Market: Drivers and RestraintsEndoscope reprocessing device market is expected to rise due to increase in the number of the endoscope surgical procedures and also rise in the hospital acquired infections.

However limitation in cleaning the endoscope such as heat sensitive material or chemical sensitive material, skilled and professional person are required to use the device to avoid future complications may hamper the growth of endoscope reprocessing device market over the forecast period.Endoscope Reprocessing Device Market: SegmentationGlobal endoscope reprocessing device market has been segmented on the basis of product type, modality, end user and region.Based on the product type, the endoscope reprocessing device market is segmented into the following:Ultrasonic washersPasteurizersWasher-disinfectorsSterilizersAutomated endoscope reprocessors (AERs)Single basin automated endoscopic reprocessorsDouble basin automated endoscopic reprocessorsBased on the modality, the endoscope reprocessing device market is segmented into the following:Stand- alone endoscopic reprocessorsBench top endoscopic reprocessorsBased on the end user, the endoscope reprocessing devicemarket is segmented into the following:Hospital500 Bedded+250-499 BeddedLess than 250Ambulatory Surgical CentersSpecialty ClinicsContact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/2058Endoscope Reprocessing Device Market: OverviewEndoscope reprocessing device market is changing continuously due to increase in the uses of endoscope in various disease and disorders.

single basin automated endoscopic reprocessors and double basin automated endoscopic reprocessors are like to show positive impact on the market.

Major factors driving the growth of this market include growing prevalence of chronic disease, increasing incidence of communicable disease due to needle stick injuries, rising demand for biosimilars and vaccination, advantages of drug delivery technology, increasing demand for self-injection devices.The global medical device reprocessing market is projected to reach USD 1,754.0 Million by 2022 from USD 823.5 Million in 2017, at a CAGR of 16.3%.Medical Device Reprocessing Market by Product (Reprocessed Device (Catheter, Endoscope, Laparoscopic Instruments, Biopsy, Pulse Oximeter), Service), Application (Cardiology, Gastroenterology, Arthroscopy, Orthopedic, Anesthesia).Ask for FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=583The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.The report analyzes the market by product & service, type of medical device, application, and region.

On the basis of product & service, the reprocessing support and services segment accounted for the largest share in 2016, owing to the increased adoption of third-party reprocessing services over in-house reprocessing services by hospitals, clinics, surgical centers, clinical pathologies, and other healthcare organizations.Based on type of medical device, the catheters segment accounted for the largest share in 2016 and is expected to grow at the highest CAGR during the forecast period.

The growth of this segment can be attributed to the increased utilization of reprocessed cardiac catheters, electrophysiology catheters, and diagnostic catheters in recent years.North America accounted for the largest share of the Medical Device Reprocessing MarketGeographically, the global Reprocessed Medical Devices Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

In 2016, North America dominated the market, and this is primarily attributed to its well-established healthcare industry, growing prevalence of chronic diseases, and increasing volume of surgical procedures.Request for FREE Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=583Maior Key Players Mapped in Research Report:In 2016, Stryker Corporation (U.S.) and Johnson & Johnson (U.S.) dominated the global medical device reprocessing market.

Some of the other players competing in this market are Vanguard AG (Germany), Medline ReNewal (U.S.), Medtronic plc (Ireland), SteriPro Canada, Inc. (Canada), Pioneer Medical Devices AG (Germany), Vascular Solutions, Inc. (U.S.), HYGIA Health Services, Inc. (U.S.), ReNu Medical, Inc. (U.S.), SureTek Medical (U.S.), and Centurion Medical Products Corporation (U.S.).

Medical Device Reprocessing Market Segmentation by Product & Service: Reprocessed Medical Devices, Reprocessing Support and Services; Type of Medical Device: Catheters, Laparoscopy Instruments, Biopsy Instruments, Endoscopy Instruments, Cables, Columns, and Cutters; Application: General Surgery, Cardiology, Orthopedic, Gastroenterology, Urology and Regions - Forecast to 2027Overview:The global report with specifics of the medical device reprocessing market reveals a proper understanding of factors like the low cost of the final products, increasing demand for recycling to ensure lesser medical waste, and others can help in devising better strategies.

The global market for medical device reprocessing market is slated to surpass a valuation of USD 2,671.8 million during the forecast period of 2019 to 2025 with a CAGR of 16.4% during the forecast period.

The cardiology segment has the largest market share as the segment is witnessing a rise in the adoption of electrophysiology catheters in various hospitals & clinics to ensure better performance of surgical procedures.Regional Analysis:The American market is the largest due to contributions made by countries like the US and Canada.

Europe provides impetus to the market as the region has strict rules supporting eco-friendly methods.Competitive Landscape:Medtronic PLC (Ireland), Stryker Corporation (US), Johnson & Johnson (US), Vanguard AG (Germany), AGITO MEDICAL A/S (Denmark), Medline Industries, Inc. (US), SteriPro (Canada), Block Imaging (US), EverX Pvt Ltd (Australia), SureTek Medical (US), ReNu Medical, Inc. (Arjo) (US), and others are some of the eminent players of the global medical device reprocessing market.

Their strategic initiatives are expected to bolster the market growth and trigger trends for the coming years.Industry News:In June 2020, Innovative Health released a new economic analysis that made an assessment of how markets are expected to get impacted by the underutilization of reprocessing in Atrial Fibrillation (AFib) and other catheter ablation procedures.

As per their report, the electrophysiology (EP) labs are losing around USD 500 million each year.

Eye Movement Desensitization and Reprocessing, or EMDR therapy is an interactive psychotherapy technique used to relieve psychological stress.

According to the new market research report “Medical Device Reprocessing Market by Product (Reprocessed Device (Catheter, Endoscope, Laparoscopic Instruments, Biopsy, Pulse Oximeter), Service), Application (Cardiology, Gastroenterology, Arthroscopy, Orthopedic, Anesthesia)”,  published by MarketsandMarkets™, medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022.

Base year considered for the report is 2016.Various secondary sources such as associations (including Food and Drug Administration (FDA), European Association for Medical Device Reprocessing (EAMDR), Association of Medical Device Reprocessors (AMDR), and Canadian Association of Medical Device Reprocessing (CAMDR)), directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market.

Top-down and bottom-up approaches were used to validate the size of the global medical device reprocessing market and estimate the size of other dependent submarkets.Major Growth Drivers:The key factors driving the growth of this market include the low prices of reprocessed devices as compared to new ones and the pressure to reduce the volume of medical waste generated.

The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.Expected Revenue Growth:[145 Pages Report] The global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022.

To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)3.

To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders5.