The endoscope detergents and disinfectants market is likely to secure a CAGR of 4.4% during the forecast period. The market is projected to be valued at USD 687.7 Million in 2022 and is likely to be valued at USD 1,108.2 Million by 2032.
Report Attribute | Details |
---|---|
Endoscope Detergents and Disinfectants Market Value (2022) | USD 687.7 Million |
Endoscope Detergents and Disinfectants Market Anticipated Value (2032) | USD 1,108.2 Million |
Endoscope Detergents and Disinfectants Projected Growth Rate (2022 to 2032) | 4.4% |
The adoption of endoscope detergents and disinfectant chemicals has been widely rising owing to their usage for various medical devices like endoscopes in recent years. They are gaining rapid traction in the global forum, as these solutions are preventing the growth of harmful bacteria and viruses and reducing the chances of acquiring diseases in the medical industry.
The demand for endoscope detergents and disinfectants is expected to increase in the coming years, as they can kill almost all types of vegetative non-spore-forming bacteria, fungi, viruses, and mycobacterium (TB) that appears on surgery tools.
Endoscope detergent and disinfectants also help to clean automation and various mechanical tools. Additionally, detergents and disinfectants are used before every procedure to make the device significantly contamination free. Therefore, it is anticipated that the endoscope detergents and disinfectants market is likely to witness significant growth during the forecast period.
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Several factors are fueling the expansion of the endoscope detergent and disinfectant market; they can be summarized as follows:
Although the expert analysts at FMI have revealed growth-propelling factors in the prevailing endoscope and disinfectants market, some aspects are also identified to inhibit the growth of the market. They are:
The healthcare policies such as Medicaid and Medicare have kept the costs associated with Healthcare-associated Infections (HAIs), including SSIs, out of coverage. Hence, the patients have to pay it out of their pocket, which is a major factor restricting the growth of the market.
North America is currently dominating the market and is projected to account for a total of 35.1% market share of endoscopes and disinfectants during the forecast period.
The USA is a leading country in North America, which is surging the market by collecting huge revenue in recent years. In addition to this, the demand for safe and effective surgical procedures has been rising in the US over the last few years, with over 15 million endoscopy procedures performed annually. This is propelling the endoscope detergents and disinfectants market size in the coming years.
Europe is projected to follow the North American region and hold a significant market share of 29.1% in the forum among all the regions during the forecast period.
Due to the rising numbers of healthcare infrastructure and the presence of rising patients and geriatric populations in the region, it is likely to impact the market in the long run for Europe. With increasing age, gastrointestinal (GI) related diseases increase. The endoscope is used in the diagnosis and treatment of GI-related diseases.
Let’s take a stroll across the dominating segments in the concerned forum:
Segment | QuaternaryAmmonium Compounds (By Type) |
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Market Share in Base Year | 31.4% |
Attributing Reasons | These compounds aid in controlling the spread of healthcare-associated infections in hospitals and clinics |
Segment | Medical Device Disinfectant (By Product) |
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Market Share in Base Year | 45.7% |
Attributing Reasons | The increasing number of surgical procedures across the globe may be considered to be one of the major reasons for driving the segment over the forecast period. |
Segment | Business to Business (By Sales Channel) |
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Market Share in Base Year | 65.1% |
Attributing Reasons | Medical device disinfectants, enzymatic cleaners, and surface disinfectants are major antiseptics and disinfectants highly marketed under the B2B sales channel. |
Segment | Hospital (By End-Use) |
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Market Share in Base Year | 46.2% |
Attributing Reasons | The increasing incidence of hospital-acquired infections across the globe is one of the major reasons for segment growth over the forecast period. |
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The technology in medicine is popped out by the various clinical and Research and Development institutions. Nowadays, start-up companies are interested in making unique devices to help patients throughout their treatment and recovery. This is likely to increase the opportunities in the endoscope detergents market in recent years.
Start-up Company | EnVision Endoscopy |
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Base Country and Year | US-based Start-up, 2018 |
Developments | The start-up provides various clinical surgeries with innovative and effective solutions. They are developing endoscopic surgery devices to help patients to recover their health with minimal expense. However, the company is developing a low-cost IGSS (Image Guided Suturing System) for managing gastrointestinal defects. |
Start-up Company | MiWendo |
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Base Country and Year | Spain-based Start-up, 2019 |
Developments | The company is using microwave technology with a safe electromagnetic that is used to attach at conventional colonoscopy. Hence, it helps to detect polyps 360 Degrees and benign tissues |
The key players are focusing on the product, which hits consumers' desires. These players are adopting various methods to acquire a maximum share of the market, some of them are mergers, acquisitions, and product launches.
Recent Developments in the Endoscope Detergents and Disinfectants
The newly adopted robotic systems were introduced in telesurgery in recent years. The first of this surgery is called the Lindbergh operation, which is a more effective and innovative surgery.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 4.4% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Chemical Properties, Potency, End User, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | MEDIVATORS Inc.; STERIS plc; Borer Chemie AG; Cantel Medical; Getinge AB; Olympus Corporation; Vesimin Health; MDD Company GmbH; Georg Pauldrach; SIRMAXO CHEMICALS PVT.LTD; Serim Research Corporation |
Customization | Available Upon Request |
The endoscope detergents and disinfectants market is predicted to advance at a CAGR of 4.4% through 2032.
The North America is anticipated to lead the endoscope detergents and disinfectants market during the forecast period.
The endoscope detergents and disinfectants market is likely to hold a valuation of USD1,108.2 million by 2032.
Healthcare sector is the key driver in the endoscope detergents and disinfectants market.
Estimated Market Size (2025E) | USD 2.68 billion |
---|---|
Projected Market Value (2035F) | USD 4.94 billion |
Value-based CAGR (2025 to 2035) | 7.3% |
Estimated Market Size (2024E) | USD 2,927.1 million |
---|---|
Projected Market Value (2034F) | USD 4,416.7 million |
Value-based CAGR (2024 to 2034) | 4.2% |
Estimated Market Size (2023) | USD 520.4 million |
---|---|
Projected Market Size (2033) | USD 746.1 million |
Value-based CAGR (2023 to 2033) | 3.7% |
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