Persistence Market Research released its projections for the global endoscopy reprocessing market from 2016 to 2024 in a new report.
Here's what you should know.
1. The market has four segments: product type, modality, end user and region.
2. Concerning product type, the single basin automated endoscope reprocessor should retain the majority of its market share. In 2017, the single single basin market is expected to grow its share to $26.7 million.
Hospitals are the driving consumer of single basin automated endoscope reprocessors, and it's expected to remain that way through 2024. ASCs are the second largest market force.
3. North America leads the endoscope reprocessing market. In 2017, the region should contribute $21.4 million to market. Europe and the Asian Pacific markets are both expected to grow their market shares through 2024.
4. Growing concern over infection risk could tamper overall market growth through 2024.