The market size of the Global Endoscope Cleaning Swab Market in the year 2019 is valued at XX billion and is predicted to reach XX billion by the year 2030 at an XX% CAGR during the forecast period.
Endoscope cleaning swabs are used to clean endoscopes after performing endoscopic procedures or before performing endoscopic procedures. There has been a considerable rise in the number of endoscopies performed across the world, and this is expected to drive demand for endoscope cleaning swabs across the forecast period. The increasing awareness about hospital-acquired infections, rising focus on patient safety, and stringent medical equipment sterilization laws are some of the prime factors that are anticipated to drive the endoscope cleaning swab market potential through 2030. Increasing investments in healthcare infrastructure in developing economies are also anticipated to favor endoscope cleaning swab market growth over the coming years through 2030.
The outbreak of the COVID-19 pandemic led to a negative impact on the overall endoscope cleaning swab market growth, and it experienced a negative growth trend. Reduced medical procedures performed across the world in lieu of coronavirus infections led to a drop in demand for endoscope cleaning swabs and hence had an adverse impact on the overall growth potential. The endoscope cleaning swab market is expected to make a steady recovery over the forecast period due to the increased focus on healthcare and the increasing number of endoscopies being performed.
The endoscope cleaning swab market is segmented on the basis of product and application. By product, the market is categorized into single-ended brushes and double-ended brushes. By end-users, the market is segmented into hospitals and clinics, diagnostic labs, and ambulatory surgery centres.
Based on product, the Double-Ended Brush segment is predicted to witness a rise in demand.
The Double-Ended Brush segment is expected to rise at a high CAGR over the forecast period owing to better cleaning ability. The multi-purpose approach of the double-ended brush provides better range and is capable of cleaning more of the endoscope with a similar amount of effort.
Hospitals and Clinics Segment to Witness Good Growth
The hospitals & clinics segment is anticipated to see rapid adoption of Endoscope cleaning swab across the forecast period. Increasing awareness of hospital-acquired infections and the rising prevalence of chronic diseases are expected to be major factors influencing the Endoscope cleaning swab market growth over the coming years. Increasing focus on patient safety is also expected to favor sales of Endoscope cleaning swab in the coming years through 2030.
In the region, the North American endoscope cleaning swab market holds a bright outlook.
The North American Endoscope cleaning swab market is anticipated to account for a substantial revenue and market share in the global industry landscape. Europe is expected to follow North America across the forecast period. The Endoscope cleaning swab market potential in North America is driven by increased demand for diagnostic procedures, rising healthcare spending, rising incidence of chronic illnesses, and the availability of established healthcare infrastructure. Increasing focus on patient safety is also projected to drive demand for Endoscope cleaning swabs over the forecast period. The presence of key healthcare organizations and companies is also expected to favour the Endoscope cleaning swab market growth through 2030 in this region.
The key players in the endoscope cleaning swab market have shifted their focus towards bio-based components for product manufacturing and are initiating effective strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the primary key players in the endoscope cleaning swab market are Cook Medical, BD (Becton, Dickinson and Company), Cantel Medical Corp., CONMED Corporation, Steris Corporation, PENTAX Medical, Olympus Corporation, Diagmed Healthcare, Smart data Medical, e-LinkCare Meditech, 3M Health Care, Hygiena, LLC, AMENSCO MEDICAL TECHNOLOGIES, Arc Healthcare Solutions, DMed, Endo-Flex, Famos, GA Health, Jiangsu Ate Medical Technology, MDG Engineering Srl, and US endoscopy.