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The market is experiencing several market trends that are shaping its growth and development. Factors such as increasing adoption of low-temperature sterilization technologies, rising need for integrated automated endoscope reprocessors (AERs), and increased focus on training and standardized protocols, among other factors are boosting the industry growth.
The devices segment generated USD 829.5 million in 2023 due to the rising number of endoscopic procedures across various medical specialties, necessitating high-quality sterilization devices to ensure patient safety and minimize cross-contamination risks.
The global endoscopy sterilization industry was valued at USD 1.2 billion in 2023 and is expected to grow at a CAGR of 8.2% from 2024 to 2032, driven by the increasing number of endoscopic procedures and rising prevalence of hospital-acquired infections (HAIs).
The North America market recorded USD 470.6 million in 2023 and is anticipated to grow at a CAGR of 7.6% between 2024 and 2032, driven by the high prevalence of conditions like colorectal cancer and gastroesophageal reflux disease.
Key players in the industry include ASP, AURORA, Getinge, Andersen Products, HUMAN MEDITEK, Matachana, MMM Group, Steelco, STERIS, Stryker Corporation, and Tuttnauer.