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Increasing Day-care Facilities, Ongoing and Planned "Mega Hospitals", and Continued Hospital Consolidation Coupled With Procedural Volume Growth Will Drive the Market
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Endoscope reprocessing systems and workflow solutions was a €416.4 million market in the top five Western European countries (UK, Germany, France, Spain, and Italy) in 2017. It is expected to grow at a robust CAGR of 9.5% to reach a revenue of €654.9 million by 2022. The market is segmented into two broad segments which are then divided into several subsegments as mentioned below:Endoscope reprocessing solutions • Core equipment o Automated Endoscope Reprocessors (AERs) o Storage and Drying Cabinets for Consumables o Disinfectants and Chemicals o Detergents • Support Products o Scope Transport Carts (Trays and Trolleys) o Flushing Sinks o Test Strips o Cleaning Products (Wipes, Sponges, Brushes) Workflow solutions • Integration Software Solutions • Track and Trace SolutionsThe growth in AER revenue in EU-5 is driven by system replacements, owing to historically high levels of installed bas,e coupled with slower capacity expansion and newer hospital construction. Replacement sales for AERs held 63.4% share in 2017 which is expected to remain stable and account for 63.2% in 2022, indicating a near-equal increase in both replacement and new installation revenue during the forecast period.
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