Latin America Endoscope Reprocessing Market

Latin America Endoscope Reprocessing Market Size (2023 to 2028):

The Latin American Endoscope Reprocessing Market size is predicted to grow at a CAGR of 8.58% between 2023 to 2028. This market is forecasted to grow USD 0.25 billion by 2028 from USD 0.16 billion in 2023.

The growing burden of chronic diseases has increased the utilization of these devices, which is estimated to favor the market during the forecast period. An extensive range of GI endoscopy applications, urologic endoscopy, and bronchoscopy are predicted to support the market. The risk of incidences of infections due to incorrect sterilization of endoscopic devices and burgeoning patient preference towards minimally invasive procedures are positive signals to witness a spike in the growth rate of the market. The growing aging population, the adoption of recent technologies for simulation, and developing patient safety are likely to foster endoscope reprocessing in this region. Moreover, the launch of new products into the market for the patient's safety and escalating propensity in improving the quality of the treatment process among the hospital's diseases are driving the market in the region.

A shortage of expertise professionals and a deficit of alertness in patients obstruct the growth in the region. The price related to the chemicals and consumables and the obstacles considered with endoscope reprocessors are factors hampering the market growth in the area.

This research report on the Latin American Endoscope Reprocessing Market has been segmented and sub-segmented into the following categories:

By Product:

• High-Level Disinfectants & Test Strips
• Detergents & Wipes
• Automated Endoscope Reprocessors
  • Single-Basin Automated Endoscope Reprocessors
  • Double-Basin Automated Endoscope Reprocessors
• Endoscope Tracking Systems
  • Advantages of Endoscope Tracking Systems
• Endoscope Drying, Storage, & Transport Systems
• Other Products

By End-User: 

• Hospitals
• Ambulatory Surgery Centres
• Others

By Country: 

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Regional Analysis:

The market in Latin America is predicted to showcase a steady CAGR. Increasing funds and investments for hospitals towards endoscopy devices and soaring regular diseases that require endoscopy procedures are escalating the market's growth. Escalating endoscopy cases pertaining to infections and growing utilization of endoscopic instruments have been witnessed at the time of disease diagnosis, and treatments are augmenting the growth in Latin America.

The Brazilian market is expected to account for the largest share in the Latin American endoscope reprocessing market due to enhanced reimbursement policies and a surge in advanced technologies. Increasing endoscopy procedures, alertness over infections, and the growing power of healthcare services subsidy proposals for reimbursements influence Brazilian market growth in the endoscope reprocessing market in LATAM. Mexico is anticipated to have a notable increase in the upcoming years in the region. In countries like Brazil and Mexico, usage of the enhanced automated machines surges the growth.

Prominent companies leading in the Latin American Endoscope Reprocessing Market profiled in the report are Advanced Sterilization Products (ASP) (US), Cantel Medical (US), Laboratories Anios (France), Olympus (Japan), Wassenburg Medical (The Netherlands), Custom Ultrasonics (US), STERIS (US), Steelco (Italy), Getinge (Sweden), ENDO-TECHNIK (Germany), BES Decon (UK), ARC Healthcare Solutions (Canada), and Metrex Research (US) among others.