Endoscope Disinfection and Cleaning Solution Market

Global Endoscope Disinfection and Cleaning Solution Market

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raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Vishal

Editor :

Vishal Golekar

Market Outlook:

The global endoscope disinfection and cleaning solution market was estimated at USD 768.40 million in 2021 and is anticipated to reach USD 1,302.25 million by 2030, expanding at a CAGR of 6.19% during the forecast period.

An endoscope is a thin and flexible tube form of a medical device that allows a doctor to view the inside of a person's body. It is often used to diagnose and treat various conditions, such as abdominal pain, digestive issues, and certain cancers.

Cleaning and disinfection of the endoscope are essential to prevent the spread of infection and illness in medical and surgical settings. Endoscope cleaning is performed with the utmost care and attention to detail to ensure that all bacteria, viruses, and other microorganisms are completely removed and that the instrument is safe for use on the next patient.

Endoscope Disinfection and Cleaning Solution Market Market Outlook

A common technique of cleaning endoscopes is manual cleaning. This involves the use of a brush and other cleaning solutions to manually scrub the endoscope. This method is quick and easy. Another technique used to clean endoscopes is automated cleaning. This method uses a combination of chemicals, heat, and pressurized water to thoroughly clean the endoscope.

Macro-economic Factors

Healthcare Expenditure

Governments of several countries across the globe are investing in the healthcare sector to increase their real per capita healthcare spending and boost the number of medical facilities. Healthcare expenditure plays an integral role in the purchasing decision of hospitals to procure various medical equipment, including endoscopes.

According to the Organization for Economic Co-operation and Development (OECD), the healthcare budget of the US was USD 11,072 per capita in 2019. Similarly, the healthcare expenditure in 2019 of countries such as Switzerland and Germany were USD 8,000 and USD 6,600 per capita, respectively.

Stringent Regulatory Scenario

Various government bodies across the globe have implemented several regulatory policies for the healthcare industry, including healthcare institutions, for its efficient and safe functioning. The regulations mandate hospitals, clinics, and ambulatory centers to efficiently and thoroughly clean each medical equipment and device before and after clinical use. These regulatory bodies lay down the procedures for disinfection and cleaning of endoscopes and using proper techniques for their disposal after use.

Lifestyle Disease Diagnosis

The rising number of endoscopic surgeries among patients is increasing the diagnosis of lifestyle diseases. According to the Global Burden of Disease Study, in 2019, cardiovascular conditions resulted in around 18.6 million deaths across the globe. Moreover, in the US, nearly 30.3 million people were diagnosed with heart disease in 2017.

Gastroesophageal reflux disease (GERD), a commonly diagnosed lifestyle disease, is prevalent in 20% of people in the US. Hence, the number of endoscopic surgeries is projected to increase with the rising prevalence of lifestyle diseases, thus boosting the need for endoscope disinfection and cleaning solutions.

Market Dynamics

Market Driver

  • Mandatory Clinical Conducts

Regulatory guidelines are framed for healthcare professionals to follow endoscope cleaning regulations to ensure patient safety. These guidelines help prevent the spread of infectious diseases.

Healthcare professionals are compelled to follow endoscope cleaning regulations to ensure patient safety. For instance, the Food and Drug Administration (FDA) has established a range of regulations for endoscope cleaning, disinfecting, and sterilizing. These regulations are designed to ensure optimal endoscope performance and patient safety. The FDA states the use of high-level disinfectant or sterilant and 70% isopropyl alcohol in the reprocessing room for high-level disinfection of endoscopes.

  • Increase in Prevalence of Hospital-Acquired Infections

Hospital-acquired infections (HAIs), also known as nosocomial infections, are infections that occur during a hospital stay. These infections are contracted by anyone, including patients, visitors, and healthcare workers. HAIs develop after a patient has been admitted to a hospital or are acquired during a hospital stay.

The main source of HAIs is an unclean hospital environment and the use of unsterilized medical equipment such as endoscopes. Medical institutions are adopting the reprocessing of medical equipment and endoscopes frequently to curb the prevalence of increasing HAIs.

For instance, according to the World Health Organization, out of every 100 patients in acute-care hospitals, seven patients in high-income countries and 15 patients in low- and middle-income countries acquire at least one healthcare-associated infection (HAI) during their hospital stay.

  • Rise in the number of Endoscopic Surgeries

Endoscopic surgeries are becoming common, due to the advances in technology, the rising aging population, and the increasing awareness about the potential benefits of such surgeries. Endoscopic surgeries are becoming less invasive and more accessible to patients through the development of various tools and techniques. Additionally, the rising aging population in many countries boosts the need for less invasive procedures to treat age-related health issues.

Moreover, high awareness about the potential benefits of endoscopic surgeries enabled people to seek out these treatments. For instance, about 20 million endoscopies are performed in the US every year, and more than 65% of those are gastrointestinal endoscopies. Hence, the rising number of endoscopic surgeries is fuelling the demand for chemicals used for reprocessing them.

Market Restraint

  • Availability of Alternatives of Disinfectant Solutions

Reprocessing of endoscopes through chemical disinfectants is costly, time-consuming, and a sophisticated process. Hence, the emergence of ultra-violet-(UV) based radiation has proven to be an effective alternative to chemical disinfectant solutions. UV light-based disinfection has reduced the risk of cross-contamination and the spread of infections. This has propelled the use of UV light-based disinfection for endoscope disinfection. Moreover, UV light overcomes key drawbacks possessed by chemical disinfectants, such as corrosion of the internal walls of endoscopes.

Market Opportunity

  • Increase in Government Expenditure on Healthcare Sector

Rising government expenditure on the healthcare sector is expected to create significant opportunities for the growth of the endoscope disinfection solution market during the forecast period. Governments across the globe are investing in improving their healthcare systems and ensuring that patients have access to high-quality care.

This includes investments in medical devices and equipment, such as endoscopes, thus driving the demand for endoscope disinfection solutions. Moreover, an increase in government spending on this sector is expected to boost the number of healthcare facilities such as hospitals and clinics, thus driving the demand for endoscope disinfection solutions.

For instance, health spending in the US increased by 9.7% in 2020 to $4.1 trillion. By 2028, US healthcare spending is projected to reach USD 6.2 trillion and account for almost 20% of its GDP.

Scope of the Report  

The report on the global endoscope disinfection and cleaning solution market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Endoscope Disinfection and Cleaning Solution Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2021

Historic Data

2015-2020

Forecast Period

2022–2030

Segmentation

by Solution Type (Aldehyde-based Disinfectants, Peracetic Acid, Highly-acidic Electrolyzed Water (EOW), Hypochlorous Acid (Superoxidised Water), Chlorine Dioxide, Alcohols, and Others), by End-use (Hospitals, Ambulatory Surgical Centres (ASCs), and Clinics)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Fortive, STERIS, 3M, Medalkan, Metall Zug AG, Olympus America, Getinge AB, Wassenburg Medical B.V., Ecolab, Steelco S.p.A., and Stryker

Segmental Outlook

Based on solution type, the global endoscope disinfection and cleaning solution market is segmented into aldehyde-based disinfectants, peracetic acid, highly-acidic electrolyzed water (EOW), hypochlorous acid (super oxidized water), chlorine dioxide, alcohols, and others. The aldehyde-based disinfectants segment is expected to account for 35.5% share of the market during the forecast period, as it is widely used by hospitals, owing to its non-corrosive properties towards medical equipment sterilization, including endoscopes. It is known to achieve disinfection against all kinds of microorganisms, such as spores, fungi, bacteria, viruses, and mycobacteria. These factors are expected to boost the market.

Endoscope Disinfection and Cleaning Solution Market Solution Type

In terms of end-use, the global endoscope disinfection and cleaning solution market is segmented into hospitals, ambulatory surgical centers (ASCs), and clinics. The hospital segment is expected to account for 58.0% share of the market during the forecast period. Disinfectant solutions are widely used across hospitals to sterilize various medical equipment, including endoscopes. In addition to hygiene and proper reprocessing of endoscopes, cleaning and disinfection of equipment surfaces in hospitals are becoming increasingly vital for preventing infection through the multi-barrier approach.

Endoscope Disinfection and Cleaning Solution Market End Use

Regional Outlook

Based on region, the global endoscope disinfection and cleaning solution market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for 32.7% share of the market in 2021, due to the growing number of medical institutions and the rising prevalence of hospital-acquired infections (HAIs).

According to the US Centers for Disease Control and Prevention, nearly 1.7 million hospitalized patients acquire HAI each year. Hence, North America is projected to be a lucrative region for the rapid sales of endoscope disinfection and cleaning solutions.


The market in Europe is anticipated to expand at a CAGR of 6.27% during the forecast period, due to the rising expenditure on healthcare infrastructure in the region, with a key focus on medical disinfection and cleaning solution.

According to Eurostat, healthcare expenditure in the European Union accounted for 10.9% of its GDP, indicating the rising demand for sterilization procedures of medical equipment, including endoscopes.

Endoscope Disinfection and Cleaning Solution Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Endoscope Disinfection and Cleaning Solution Market
  • Historical, Current, and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints, and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Endoscope Disinfection and Cleaning Solution Market Performance

Segments

By Solution Type

  • Aldehyde-based Disinfectants
  • Peracetic Acid
  • Highly acidic Electrolyzed Water (EOW)
  • Hypochlorous Acid (Superoxidised Water)
  • Chlorine Dioxide
  • Alcohols
  • Others

By End-use

  • Hospitals
  • Ambulatory Surgical Centres (ASCs)
  • Clinics

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players Profiled in the Report

Competitive Landscape

  • Manufacturers operating in the global endoscope disinfection and cleaning solution market include Fortive, STERIS, 3M, Medalkan, Metall Zug AG, Olympus America, Getinge AB, Wassenburg Medical B.V., Ecolab, Steelco S.p.A., and Stryker.
  • Market players are pursuing key strategies such as product launches, acquisitions, collaborations, and geographic expansion to increase their market share. For instance, STERIS announced the acquisition of Cantel Medical Corp, which offers infection-prevention products to hospitals to clean endoscopy instruments. This acquisition extended STERIS’s product portfolio and expanded its geographical reach.
  • Medalkan announced the launch of enzymatic detergents, such as NOSOZYM, NOSOZYME 6 PLUS, and high-level disinfectants. These disinfectants and cleaning solutions are used for the endoscope instruments.
Endoscope Disinfection and Cleaning Solution Market Key Players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Endoscope Disinfection and Cleaning Solution Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Endoscope Disinfection and Cleaning Solution Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Endoscope Disinfection and Cleaning Solution Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Endoscope Disinfection and Cleaning Solution Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Endoscope Disinfection and Cleaning Solution Market Size & Forecast, 2016-2031
      4.5.1 Endoscope Disinfection and Cleaning Solution Market Size and Y-o-Y Growth
      4.5.2 Endoscope Disinfection and Cleaning Solution Market Absolute $ Opportunity
   4.6 Endoscope Disinfection and Cleaning Solution: Pricing Analysis (2015-2030)
   4.7 Impact Of Key Regulations
   4.8 Endoscope Reprocessing Device Market: Overview
   4.9 Current & Future Trends: Endoscope Reprocessing Solutions & Systems

Chapter 5 Global Endoscope Disinfection and Cleaning Solution Market Analysis and Forecast By Solution Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Solution Type
      5.1.2 Basis Point Share (BPS) Analysis By Solution Type
      5.1.3 Absolute $ Opportunity Assessment By Solution Type
   5.2 Endoscope Disinfection and Cleaning Solution Market Size Forecast By Solution Type
      5.2.1 Aldehyde-Based Disinfectants
      5.2.2 Peracetic Acid
      5.2.3 Highly-Acidic Electrolyzed Water (EOW)
      5.2.4 Hypochlorous Acid (Superoxidised Water)
      5.2.5 Chlorine Dioxide
      5.2.6 Alcohols
      5.2.7 Others
   5.3 Market Attractiveness Analysis By Solution Type
Chapter 6 Global Endoscope Disinfection and Cleaning Solution Market Analysis and Forecast By End-use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By End-use
      6.1.2 Basis Point Share (BPS) Analysis By End-use
      6.1.3 Absolute $ Opportunity Assessment By End-use
   6.2 Endoscope Disinfection and Cleaning Solution Market Size Forecast By End-use
      6.2.1 Hospitals
      6.2.2 Ambulatory Surgical Centres (ASCs)
      6.2.3 Clinics
   6.3 Market Attractiveness Analysis By End-use
Chapter 7 Global Endoscope Disinfection and Cleaning Solution Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Endoscope Disinfection and Cleaning Solution Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Endoscope Disinfection and Cleaning Solution Analysis and Forecast
   9.1 Introduction
   9.2 North America Endoscope Disinfection and Cleaning Solution Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Endoscope Disinfection and Cleaning Solution Market Size Forecast By Solution Type
      9.6.1 Aldehyde-Based Disinfectants
      9.6.2 Peracetic Acid
      9.6.3 Highly-Acidic Electrolyzed Water (EOW)
      9.6.4 Hypochlorous Acid (Superoxidised Water)
      9.6.5 Chlorine Dioxide
      9.6.6 Alcohols
      9.6.7 Others
   9.7 Basis Point Share (BPS) Analysis By Solution Type
   9.8 Absolute $ Opportunity Assessment By Solution Type
   9.9 Market Attractiveness Analysis By Solution Type
   9.10 North America Endoscope Disinfection and Cleaning Solution Market Size Forecast By End-use
      9.10.1 Hospitals
      9.10.2 Ambulatory Surgical Centres (ASCs)
      9.10.3 Clinics
   9.11 Basis Point Share (BPS) Analysis By End-use
   9.12 Absolute $ Opportunity Assessment By End-use
   9.13 Market Attractiveness Analysis By End-use
Chapter 10 Europe Endoscope Disinfection and Cleaning Solution Analysis and Forecast
   10.1 Introduction
   10.2 Europe Endoscope Disinfection and Cleaning Solution Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Endoscope Disinfection and Cleaning Solution Market Size Forecast By Solution Type
      10.6.1 Aldehyde-Based Disinfectants
      10.6.2 Peracetic Acid
      10.6.3 Highly-Acidic Electrolyzed Water (EOW)
      10.6.4 Hypochlorous Acid (Superoxidised Water)
      10.6.5 Chlorine Dioxide
      10.6.6 Alcohols
      10.6.7 Others
   10.7 Basis Point Share (BPS) Analysis By Solution Type
   10.8 Absolute $ Opportunity Assessment By Solution Type
   10.9 Market Attractiveness Analysis By Solution Type
   10.10 Europe Endoscope Disinfection and Cleaning Solution Market Size Forecast By End-use
      10.10.1 Hospitals
      10.10.2 Ambulatory Surgical Centres (ASCs)
      10.10.3 Clinics
   10.11 Basis Point Share (BPS) Analysis By End-use
   10.12 Absolute $ Opportunity Assessment By End-use
   10.13 Market Attractiveness Analysis By End-use
Chapter 11 Asia Pacific Endoscope Disinfection and Cleaning Solution Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Endoscope Disinfection and Cleaning Solution Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Endoscope Disinfection and Cleaning Solution Market Size Forecast By Solution Type
      11.6.1 Aldehyde-Based Disinfectants
      11.6.2 Peracetic Acid
      11.6.3 Highly-Acidic Electrolyzed Water (EOW)
      11.6.4 Hypochlorous Acid (Superoxidised Water)
      11.6.5 Chlorine Dioxide
      11.6.6 Alcohols
      11.6.7 Others
   11.7 Basis Point Share (BPS) Analysis By Solution Type
   11.8 Absolute $ Opportunity Assessment By Solution Type
   11.9 Market Attractiveness Analysis By Solution Type
   11.10 Asia Pacific Endoscope Disinfection and Cleaning Solution Market Size Forecast By End-use
      11.10.1 Hospitals
      11.10.2 Ambulatory Surgical Centres (ASCs)
      11.10.3 Clinics
   11.11 Basis Point Share (BPS) Analysis By End-use
   11.12 Absolute $ Opportunity Assessment By End-use
   11.13 Market Attractiveness Analysis By End-use
Chapter 12 Latin America Endoscope Disinfection and Cleaning Solution Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Endoscope Disinfection and Cleaning Solution Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Endoscope Disinfection and Cleaning Solution Market Size Forecast By Solution Type
      12.6.1 Aldehyde-Based Disinfectants
      12.6.2 Peracetic Acid
      12.6.3 Highly-Acidic Electrolyzed Water (EOW)
      12.6.4 Hypochlorous Acid (Superoxidised Water)
      12.6.5 Chlorine Dioxide
      12.6.6 Alcohols
      12.6.7 Others
   12.7 Basis Point Share (BPS) Analysis By Solution Type
   12.8 Absolute $ Opportunity Assessment By Solution Type
   12.9 Market Attractiveness Analysis By Solution Type
   12.10 Latin America Endoscope Disinfection and Cleaning Solution Market Size Forecast By End-use
      12.10.1 Hospitals
      12.10.2 Ambulatory Surgical Centres (ASCs)
      12.10.3 Clinics
   12.11 Basis Point Share (BPS) Analysis By End-use
   12.12 Absolute $ Opportunity Assessment By End-use
   12.13 Market Attractiveness Analysis By End-use
Chapter 13 Middle East & Africa (MEA) Endoscope Disinfection and Cleaning Solution Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Endoscope Disinfection and Cleaning Solution Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Endoscope Disinfection and Cleaning Solution Market Size Forecast By Solution Type
      13.6.1 Aldehyde-Based Disinfectants
      13.6.2 Peracetic Acid
      13.6.3 Highly-Acidic Electrolyzed Water (EOW)
      13.6.4 Hypochlorous Acid (Superoxidised Water)
      13.6.5 Chlorine Dioxide
      13.6.6 Alcohols
      13.6.7 Others
   13.7 Basis Point Share (BPS) Analysis By Solution Type
   13.8 Absolute $ Opportunity Assessment By Solution Type
   13.9 Market Attractiveness Analysis By Solution Type
   13.10 Middle East & Africa (MEA) Endoscope Disinfection and Cleaning Solution Market Size Forecast By End-use
      13.10.1 Hospitals
      13.10.2 Ambulatory Surgical Centres (ASCs)
      13.10.3 Clinics
   13.11 Basis Point Share (BPS) Analysis By End-use
   13.12 Absolute $ Opportunity Assessment By End-use
   13.13 Market Attractiveness Analysis By End-use

Chapter 14 Competition Landscape
   14.1 Endoscope Disinfection and Cleaning Solution Market: Competitive Dashboard
   14.2 Global Endoscope Disinfection and Cleaning Solution Market: Market Share Analysis, 2022
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Fortive
      14.3.2 STERIS
      14.3.3 3M
      14.3.4 Medalkan
      14.3.5 Metall Zug AG
      14.3.6 Olympus America
      14.3.7 Getinge AB
      14.3.8 Wassenburg Medical B.V
      14.3.9 Ecolab
      14.3.10 Steelco S.p.A. 
      14.3.11 Stryker

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FAQ Section

Some frequently asked questions about this report!

The base year considered for the global endoscope disinfection and cleaning solution market report is 2021. The complete analysis period is 2015 to 2030, wherein, 2015 to 2020 are the historic years, and the forecast is provided from 2022 to 2030.

In addition to market size (in US$ Million), the company market share (in % for the base year 2020), the impact of key regulations, current & future trends, key challenges, and an overview of the endoscope disinfection and cleaning solution market has been provided.

The pandemic positively impacted the global market owing to the prevalence of chronic diseases among COVID-19-infected patients. During the pandemic, 25% of the COVID-19-infected patients reported gastrointestinal disorders, which boosted endoscopy procedures and raised the demand for its cleaning and disinfection solution.

Major manufacturers in the market include Fortive, STERIS, 3M, Medalkan, Metall Zug AG, Olympus America, Getinge AB, Wassenburg Medical B.V., Ecolab, Steelco S.p.A., and Stryker.

Healthcare expenditure, lifestyle disease diagnosis, and stringent regulatory scenarios are key macroeconomic factors shaping the market.

Hospitals, Ambulatory Surgical Centers (ASCs), and clinics are end-user of endoscope disinfection and cleaning solutions.

According to this Growth Market Reports report, the endoscope disinfection and cleaning solution market is anticipated to register a CAGR of 6.19% during the forecast period, 2015-2030, with an anticipated valuation of USD 1,302.2 Million by the end of 2030.

The rising aging population in many countries boosts the need for less invasive procedures to treat age-related health issues. Moreover, high awareness about the potential benefits of endoscopic surgeries enabled people to seek out these treatments. For instance, about 20 million endoscopies are performed in the US every year, and 68% of those are gastrointestinal endoscopies. Hence, the rising number of endoscopic surgeries is fueling the demand for chemicals used for reprocessing them.

Factors such as competitive strength and market positioning are key areas considered while selecting companies to be profiled.

Additional company profiles are provided on request.