According to the research report titled ‘Global Endoscope Reprocessing Market by Product (HLD and Test Strips, Detergents & Wipes, Endoscope Tracking Solutions, Endoscope Drying, Storage, & Transport Systems), End User (Hospitals, ASCs & Clinics)), Regional Forecasts 2021-2027’, available with Market Study Report, global endoscope reprocessing market was valued at USD 1.9 billion in 2020 and is reckoned to register a compound annual growth rate of 9% over 2021-2027 to accumulate USD 3.5 billion by the end of the analysis timeframe.
 

Flourishing disinfection technology industry, growing focus on high cleanliness standards in clinics & hospitals, and rising demand for disinfected & sterilized medical equipment are catalyzing the growth of global endoscope reprocessing market.
 

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Additionally, surging geriatric population, increasing preference from barium swallow to endoscopic procedures for their invasive nature, and proliferating medical devices verticals in emerging economies are fueling the industry expansion. Increasing demand for operations with benefits like lower recovery time, better bleeding management, fewer post-surgery infections, greater precision, less discomfort, and less scarring is also augmenting the industry growth trajectory.
 

It is to be noted that endoscope reprocessing is a procedure that involves cleaning, rinsing, disinfecting, drying, and sterilizing of medical equipment.
 

Despite the positive outlook, adverse effects of chemical disinfectants, and concerns regarding the safety of reprocessed instruments are likely to hamper the worldwide endoscope reprocessing market growth.
 

As per expert verbatim, North America, Europe, Asia Pacific, and Latin America are the major contributors to industry remuneration. Among these, North America presently captures a substantial market share, with the United States at the forefront, accredited to availability of superior healthcare infrastructure, and increasing cases of diseases requiring endoscopic procedures.
 

Speaking of the competitive landscape, ARC Healthcare Solutions Inc., CONMED Corporation, Richard Wolf GmbH, Borer Chemie AG, Steelco S.p.A, Advanced Sterilization Products (ASP), Inc., Olympus Corporation, Getinge AB, Cantel Medical Corporation, and Custom Ultrasonics, Inc. are the companies influencing worldwide endoscope reprocessing market sphere.
 

These players are increasingly focusing on getting approvals for new product launches to gain a strong foothold in the industry. For instance, Advanced Sterilization Products Inc. received approval from the United States Food and Drug Administration (FDA) for its AEROFLEX^™ Automatic Endoscope Preprocessor in April 2019.