Endoscope Reprocessing Systems and Software Solutions Market Assessment, United States, Forecast to 2022

  • ID: 4583891
  • Report
  • Region: United States
  • 158 Pages
  • Frost & Sullivan
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Despite Reaching Near Saturation, the Market will Grow at Healthy Rate Driven by High Procedural Volume Growth Coupled with Consistently High Replacements and Newer Installations

Endoscope reprocessing systems and workflow solutions was a $526.6 million market in the United States in 2017. It is expected to grow at healthy CAGR of 8.6% to reach $796.4 million in 2022.

The market is segmented into two broad segments which are then divided into several sub-segments as mentioned below:

  • Endoscope reprocessing solutions
  • Core equipment
    • Automated Endoscope Reprocessors (AERs)
    • Storage and Drying Cabinets
  • Consumables
    • Disinfectants and Chemicals
    • Detergents
  • Support Products
    • Scope Transport Carts (Trays and Trolleys)
    • Flushing Sinks
    • Test Strips
    • Cleaning Products (Wipes, Sponges, Brushes)
  • Workflow Solutions
    • Integration Software Solutions
    • Track and Trace Solutions

Endoscopy procedures, increasing at a healthy CAGR of 5.3%, will drive the usage of endoscope reprocessing systems such as AERs, storage and drying cabinets, consumables, and accessories in an otherwise saturated market. Ambulatory surgical centers (ASCs) have been taking increasing loads of endoscopic procedures in the US, accounting for 61% of the procedures in 2017. Commensurately, the number of ASCs with endoscopy capabilities has increased over the past four years.

The significant shift in procedural volumes to outpatient and office-based settings has provided considerable new market opportunities for endoscopy reprocessing equipment and software vendors. The smaller volume requirements of small- to mid-sized ASCs provide strategic alternatives to market participants in terms of newer, smaller, and more efficient AER models such as pass-through AERs and off-the-shelf, turnkey and targeted software solutions with niche capabilities to monitor and track endoscopes and their inventory and repair needs, in addition to reprocessing and maintaining throughput.

The ratio between the number of endoscope decontamination facilities to that of endoscopy suites in the US is estimated to be around 0.55, indicating 1 decontamination unit for 2 endoscopy units. This indicates huge market potential for specialized outsourcing services for endoscope reprocessing in the US. While we believe that smaller facilities do send their scopes for reprocessing to adjoining bigger facilities, there was no evidence of specialized players offering outsourcing of endoscope reprocessing in significant volumes. While outsourcing of endoscope reprocessing has been recently initiated as a service in the European market, the author believes that it is going to be an early-stage market in the US by the end of forecast period.

Market participants are expected to adopt significant strategic alternatives to find newer growth opportunities in an otherwise saturated market. Some of these include end-to-end endoscopy department management, portfolio expansions, innovative financing schemes, as well as offering breakthrough innovation in terms of AER technology, capable of disrupting the market.

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1. EXECUTIVE SUMMARY

  • Key Findings
  • Scope and Segmentation
  • Key Questions this Study will Answer
  • Market Engineering Measurements
  • CEO’s Perspective
  • Key Companies to Watch
  • Executive Summary - 3 Big Predictions

2. MARKET OVERVIEW

  • Market Background - Flexible Endoscope Reprocessing
  • Market Overview - Flexible Endoscope Reprocessing
  • Market Segmentation
  • Market Segmentation - Revenue Breakdown

3. DYNAMICS CATALYZING GROWTH

  • High Risks Associated with Flexible Endoscope Reprocessing
  • Stakeholders Pushing for Sterilization of Endoscopes as Opposed to HLD

4. US ENDOSCOPY DEVICES MARKET SNAPSHOT

  • US Endoscopy Devices Market - Snapshot
  • US Endoscopy Devices Market - Discussion
  • US Endoscopy Procedural Volume and Growth Forecasts, by Type
  • US Endoscopy Procedural Volume Forecasts, by Application Area
  • US Endoscopy Procedural Volume Growth Forecasts, by Application Area
  • US Flexible Endoscopy Procedural Volume Forecasts, by Application Area
  • US Flexible Endoscopy Procedural Growth Forecasts, by Application Area
  • US Endoscopy Procedural Volume Forecasts - Discussion

5. US ENDOSCOPY AND REPROCESSING INFRASTRUCTURE ANALYSIS

  • US Endoscopy Infrastructure Analysis - Number of Hospitals and ASCs, by Application Area
  • US Endoscopy Infrastructure Analysis - Number of Procedure Rooms, Endoscope Decontamination Rooms and Yearly Procedures per Facility
  • Endoscopy Infrastructure Analysis - GI Case Study
  • US Endoscopy Infrastructure Analysis - Discussion
  • US Endoscopy Procedural Volume and Growth Forecasts, by Facility Type
  • US Hospital-Based Endoscopy Procedural Volume Forecasts, by Application Area
  • US ASC-Based Endoscopy Procedural Volume Forecasts, by Application Area
  • US Endoscopy Procedural Forecasts Volume by Care Facility - Discussion

6. DRIVERS, RESTRAINTS, AND TRENDS - TOTAL ENDOSCOPE REPROCESSING SYSTEMS AND SOFTWARE SOLUTIONS MARKET

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained
  • Impact Analysis of Drivers and Restraints

7. FORECASTS AND TRENDS - TOTAL ENDOSCOPE REPROCESSING SYSTEMS AND SOFTWARE SOLUTIONS MARKET

  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast by Segment
  • Revenue Forecast by Sub-Segment
  • Percent Revenue Forecast by Sub-Segment
  • Revenue Forecast Discussion

8. COMPETITIVE ENVIRONMENT

  • Vendor Landscape - Complete Market
  • Market Lifecycle Analysis

9. ENDOSCOPE REPROCESSING SOLUTIONS, SUB-SEGMENT - CORE EQUIPMENT

  • Core Equipment Sub-Segment - Key Findings
  • Market Engineering Metrics - Core Equipment
  • Core Equipment - Consolidated Revenue Forecast
  • Core Equipment - Forecasts Discussion

10. CORE EQUIPMENT SUB-SEGMENT ANALYSIS - AUTOMATED ENDOSCOPE REPROCESSORS (AERS)

  • AERs - Overview
  • AERs - Consolidated Revenue Forecast
  • AERs - Revenue Forecast by Type
  • AERs - Unit Shipment Forecast
  • AERs - Pricing Trends and Forecast
  • AERs - Market Penetration Analysis
  • AERs - Forecasts Discussion

11. CORE EQUIPMENT SUB-SEGMENT ANALYSIS - STORAGE AND DRYING CABINETS

  • Storage and Drying Cabinets - Overview
  • Storage and Drying Cabinets - Consolidated Revenue Forecast
  • Storage and Drying Cabinets - Revenue Forecast by Type
  • Storage and Drying Cabinets - Unit Shipment Forecast
  • Storage and Drying Cabinets - Pricing Trends and Forecast
  • Storage and Drying Cabinets - Market Penetration Analysis
  • Storage and Drying Cabinets - Forecasts Discussion

12. ENDOSCOPE REPROCESSING SOLUTIONS, SUB-SEGMENT - CONSUMABLES

  • Consumables Sub-Segment Key Findings
  • Market Engineering Metrics
  • Consumables Sub-Segment - Overview
  • Consumables - Consolidated Revenue Forecast
  • Consumables - Revenue Forecast by Sub-Segment
  • Consumables Market Forecasts - Discussion

13. ENDOSCOPE REPROCESSING SOLUTIONS, SUB-SEGMENT - SUPPORT PRODUCTS

  • Support Products Sub-Segment - Key Findings
  • Market Engineering Metrics
  • Support Products Sub-Segment - Overview
  • Support Products - Consolidated Revenue Forecast
  • Support Products - Revenue Forecast by Type
  • Scope Transport Carts - Revenue Forecast by Type
  • Cleaning Products - Revenue Forecast by Type
  • Support Products - Forecasts Discussion

14. COMPETITIVE ENVIRONMENT - ENDOSCOPE REPROCESSING SOLUTIONS

  • Competitive Landscape
  • Endoscope Reprocessing Solutions Segment - Key Competitor Strategies for Success
  • Likely Market Directions - The Analyst Perspective
  • Endoscope Reprocessing Solutions Segment - Market Share Analysis
  • Competitive Market Structure

15. WORKFLOW SOLUTIONS SUB-SEGMENT - SOFTWARE SOLUTIONS

  • Software Solutions Sub-Segment - Key Findings
  • Market Engineering Metrics
  • Workflow Solutions Segment - Overview
  • Workflow Solutions - Why Care Facilities Need Them?
  • Workflow Solutions Key Benefits
  • Workflow Solutions Key Market Adoption Trends
  • Case Example - Next-gen Software Platform from Olympus
  • Software Solutions - Consolidated Revenue Forecast
  • Software Solutions - Revenue Forecast by Sub-Segment
  • Workflow Solutions Market Forecasts - Discussion

16. COMPETITIVE ENVIRONMENT - WORKFLOW SOLUTIONS

  • Competitive Landscape
  • Likely Market Directions - The Analyst Perspective
  • Workflow Solutions Segment - Market Share Analysis
  • Competitive Market Structure

17. GROWTH OPPORTUNITY AND STRATEGIC IMPERATIVES FOR SUCCESS

  • Five Growth Opportunities Critical for Future Strategy
  • Growth Opportunity 1 - End-to-end Endoscopy Department Management
  • Growth Opportunity 2 - Outsourced Reprocessing Services
  • Growth Opportunity 3 - Breakthrough Innovation
  • Growth Opportunity 4 - Portfolio Expansion/Synergistic Partnerships
  • Growth Opportunity 5 - Innovative Financing Schemes
  • Implementation Challenges and Critical Success Factors

18. THE LAST WORD

  • 3 Big Predictions
  • Market Engineering Methodology
  • Legal Disclaimer

19. APPENDIX

  • List of Exhibits
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