Global Endoscope Cleaning and Disinfecting Device Market, By Product (Endoscope Cleaning and Disinfecting Device Instruments, Veterinary Software, Endoscope Cleaning and Disinfecting Device Reagents), Animal Type (Small Companion Animals, Large Animals), Application (Orthopaedics and Traumatology, Oncology, Cardiology, Neurology), End-Use (Hospitals, Clinics) – Industry Trends and Forecast to 2031.
Endoscope Cleaning and Disinfecting Device Market Analysis and Size
The market for endoscope cleaning and disinfecting devices is estimated to increase rapidly over the forecast period. With an increase in the number of veterinary practitioners and a considerable increase in pet insurance purchases, animal healthcare spending has surged in recent years. endoscope cleaning and disinfecting device tools are in high demand for properly caring for pets such as dogs and cats. They aid in detecting sinus/nasal disorders by distinguishing neoplasia from rhinitis. This also aids in the interpretation of biopsy test results. These devices have a higher sensitivity for detecting brain bleeding and skull fractures.
Data Bridge Market Research analyzes that the global endoscope cleaning and disinfecting device market was valued at USD 2,133.44 billion in 2023 and is expected to reach USD 4,358.98 billion by 2031, registering a CAGR of 11.2% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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Product (Endoscope Cleaning and Disinfecting Device Instruments, Veterinary Software, Endoscope Cleaning and Disinfecting Device Reagents), Animal Type (Small Companion Animals, Large Animals), Application (Orthopaedics and Traumatology, Oncology, Cardiology, Neurology), End-Use (Hospitals, Clinics)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Bruker (U.S.), General Electric (U.S.), Koninklijke Philips N.V. (Netherlands), Hitachi Ltd. (Japan), Siemens Healthcare GmbH (Germany), FUJIFILM Corporation (Japan), PerkinElmer Inc. (U.S.), Clarius Mobile Health (Canada), Shenzhen Ricso Technology Co. Ltd. (China), DRAMIÑSKI S.A. (Poland), Epica Animal Health (U.S.), ClearVet Digital Radiography Systems (U.S.), MinXray Inc. (U.S.), Hallmarq Endoscope Cleaning and Disinfecting Device (UK), Shantou Institute of Ultrasonic Instruments Co., Ltd (China), Sonoscape Medical Corp. (China), Reproscan (U.S.)
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Market Opportunities
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Market Definition
An endoscope cleaning and disinfecting device is provided to reinforce the stability of the endoscope by maintaining the air pressure supplied to the endoscope. Disinfectants are antimicrobial agents that are applied to the surface of non-living objects to destroy microorganisms that live on the objects. Disinfection does not kill all microorganisms especially resistant bacterial microorganisms. The disinfectants are less active than sterilization. Sterilization is a harsh chemical process that eliminates all forms of life on a given surface. Disinfectants kill more germs than sanitizers and are frequently used to kill infectious organisms in hospitals, dental surgeries, kitchens, and bathrooms.
Global Endoscope Cleaning and Disinfecting Device Market Dynamics
Drivers
- Growing Rate of Companion Animal Population
Over the projected period, rising use of multimodal imaging instruments expected to increase the market. There has been a spike in the overall companion animal population and adoption rate on a global basis. According to multiple studies, having a companion animal has been linked to a variety of health benefits, including fewer cardiac arrhythmias, normalized blood pressure, lower anxiety, greater psychological stability, and improved well-being. Demand for pet care products and services is predicted to rise as the pet population grows, supporting the expansion of dependent businesses such as the endoscope cleaning and disinfecting device market.
- Increasing Pet Healthcare Expenditure
Moreover, the rising level of expenditure for pet healthcare will enhance the market growth. People are progressively spending large sums on pet food, pet insurance coverage, veterinarian care, supplies/over-the-counter drugs, and companion animal diagnostic services, among other things.
Furthermore, increasing demand for animal-derived food products projected to propel the market forward. Along with this, increasing demand for pet adoption in developing nations and rising level of disposable income are the driving factors accelerating the growth of the Endoscope Cleaning and Disinfecting Device market. Also, increasing prevalence of animal diseases the major market drivers that will further escalate the growth of the market. The increasing number of veterinary practitioners is likely to boost the market's growth in the cardiology application area.
Opportunity
- Increase in Pharmaceutical Industry and R&D Expenditure
Increase in pharmaceutical industry and R&D expenditure will provide beneficial opportunities for the market growth. The creation and usage of multimodal imaging devices has seen remarkable expansion in the ongoing evolution of imaging technology. Pharmaceutical businesses' increased R&D spending is a direct result of changing industry structure, particularly the rise of the biotechnology section.
Moreover, growing focus of manufacturers on the adoption of advanced technologies in field of healthcare and increase in the number of emerging markets will further provide beneficial opportunities for market growth during the forecast period.
Restraint/Challenge
- High Cost associated Imaging Instruments
The high cost associated imaging instruments will impede the market’s growth rate. endoscope cleaning and disinfecting device equipment is an expensive item. Entry-level console (portable) ultrasound systems cost between USD 22,000 and USD 75,000 in developed countries including the Germany, U.S., Japan and the U.K.
On the other hand, the lack of animal healthcare awareness in emerging economies will challenge the endoscope cleaning and disinfecting device market. In addition, shortage of veterinary practitioners in developing markets and increasing rate of care costs will act as restrain and further impede the growth rate of the market.
This endoscope cleaning and disinfecting device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the endoscope cleaning and disinfecting device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In February 2021, Fujifilm had announced the launch of VXR Veterinary X-ray room, a digital radiography system dedicated to veterinary. This new X-ray room's revolutionary design is aimed at veterinarians who wish to migrate to high-quality, low-dose X-rays using a system that is economical, versatile, easy to use, and easy to install
Global Endoscope Cleaning and Disinfecting Device Market Scope
The endoscope cleaning and disinfecting device market is segmented on the basis of product, animal type, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Endoscope Cleaning and Disinfecting Device Instruments
- Veterinary Software
- Endoscope Cleaning and Disinfecting Device Reagents
Animal Type
- Small Companion Animals
- Large Animals
Application
- Orthopaedics and Traumatology
- Oncology
- Cardiology
- Neurology
End-Use
- Hospitals
- Clinics
Global Endoscope Cleaning and Disinfecting Device Market Regional Analysis/Insights
The endoscope cleaning and disinfecting device market is analyzed and market size insights and trends are provided by country, product, animal type, application and end use as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and rest of Middle East and Africa.
North America is expected to dominate the market due to the growing adoption of companion animals in this region. In addition, enhancement in animal health expenditure and rising importance of livestock animals along with emerging need for protein-rich animal food will enhance the market’s growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to the rising awareness about endoscope cleaning and disinfecting device in this region. Also, growing awareness about animal health and rising level of disposable income will further flourish the market’s growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The endoscope cleaning and disinfecting device market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for endoscope cleaning and disinfecting device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the endoscope cleaning and disinfecting device market. The data is available for historic period 2011-2021.
Competitive Landscape and Global Endoscope Cleaning and Disinfecting Device Market Share Analysis
The endoscope cleaning and disinfecting device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to endoscope cleaning and disinfecting device market.
Some of the major players operating in the Endoscope Cleaning and Disinfecting Device market are:
- Bruker (U.S.)
- General Electric (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Hitachi Ltd. (Japan)
- Siemens Healthcare GmbH (Germany)
- FUJIFILM Corporation (Japan)
- PerkinElmer Inc. (U.S.)
- Clarius Mobile Health (Canada)
- Shenzhen Ricso Technology Co. Ltd. (China)
- DRAMIÑSKI S.A. (Poland)
- Epica Animal Health (U.S.)
- ClearVet Digital Radiography Systems (U.S.)
- MinXray Inc. (U.S.)
- Hallmarq Endoscope Cleaning and Disinfecting Device (UK)
- Shantou Institute of Ultrasonic Instruments Co., Ltd (China)
- Sonoscape Medical Corp. (China)
- Reproscan (U.S.)
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