Global Automated Endoscope Reprocessing Device Market (2018-2025) Global Automated Endoscope Reprocessing Device Mar | Page 2

projected to reach USD 683.5 million by the end of 2025, exhibiting a CAGR of
5.9% during 2018—2025. The key factors bolstering the market growth are
increasing number of endoscopy procedures coupled with minimally invasive
surgeries, paradigm shift towards automated reprocessing from manual cleaning
procedures, rising concerns pertaining to infection-free endoscopy, improved
reimbursement policy, and stringent rules & regulations in the healthcare
industry.
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On the basis of device type, double basin automated endoscope reprocessors
are expected to exhibit the highest CAGR through 2025
Double basin device type segment is anticipated to dominate the market due to
rising demand from healthcare industries, such as hospital facilities, ambulatory
surgical centers, specialty clinics and others, worldwide. Technological
advancements and improving reimbursement policy are likely to drive the growth
of these segments.
On the basis of end user, hospital segment dominated the market in 2017
Hospital segment held the largest share in the indicated year and is predicted to
grow at a substantial rate during the forecast period owing to rising adoption
and penetration of automated endoscope reprocessing devices in various areas,
such as hospitals, ambulatory surgical centers (ASCs), clinics, etc. Also,
significant healthcare spending and increasing government and private
investments for healthcare facilities infrastructure are expected to aid the
market growth.
Based on geography, North America holds the largest share in the market in
2017
North America held the largest share in global automated endoscope