Endoscopes Cabinet Market Size, Share, Growth, And Industry Analysis, By Type (2—4, 5—8, And 9—16), By Application (Hospitals, Ambulatory Surgical Centers, And Clinics), Regional Forecast To 2032

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Endoscopes Cabinet Market REPORT OVERVIEW

The global endoscopes cabinet market size was USD 0.17 billion in 2024 and market is projected to touch USD 0.26 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period.

Endoscope cabinets are the devices used for endoscope reprocessing. It has cabinets that keep the processed endoscopes for storing and drying purposes. They are used to keep the endoscopes safe and protected from getting contaminated. It blows warm sterile air through each part and surface to quickly dry the outside and inside of the flexible endoscope. It ensures the ventilation of the device. The internal channels of the endoscopes are connected with the drying circuit with the help of specific quick connectors. These are generally storage cabinets that have high strength and are fully welded with argon.

An endoscope cabinet is a storage container that keeps the interiors at low humidity as watertight and airtight enclosure. It can also be used to remove the moisture from the air trapped inside the device. These containers are used for storing the items safely, which can be damaged due to excessive humidity. This container is used to store the device safely and for drying the device. It is also a storage device for surface mount electronic components to keep them safe from water absorption. 

COVID-19 Impact: Shut Down of Manufacturing Industries Hampered Growth

During the outbreak of COVID-19, the market witnessed an increase in the demand for the product due to rising health concerns among the population. The outbreak of the pandemic infected the people, which increased the number of patients in the hospitals and healthcare centers requiring more cabinets to store endoscopes. The manufacturing industries were shut during the pandemic, due to which the demand from the market could not be fulfilled. It resulted in the downfall of the market growth. The market growth stagnated during the pandemic due to higher demand and no supply of the product. 

LATEST TRENDS

"Rising Demand for Safe Storage Container to Drive Trend "

The increasing number of accidents leading to surgeries causing invasion is likely to increase product adoption as the use of endoscope cabinets causes minimal invasion. The rising adoption of endoscopic equipment in the healthcare industry is forecasted to be a growth factor for the market. Additionally, the increasing cancer prevalence coupled with a large geriatric population is expected to boost the market growth. Explosions in age-related problems are likely to promote product demand.

Endoscopes Cabinet Market Segmentation

• By Type Analysis

By type, the market is segmented into 2—4, 5—8, and 9—16.

• By Application Analysis

Based on application, the market is classified into hospitals, ambulatory surgical centers, and clinics. 

Hospitals are expected to dominate the application as the hospitals are primary health centers in countries. Additionally, the increasing number of surgeries in the hospitals is more than in any other healthcare center. 

DRIVING FACTORS

"Increasing Drug-Related Research to Boost Product Demand"

Increasing research regarding drugs and various diseases, such as cancer treatment and diagnosis of the disease, is likely to surge growth in the market. The escalating collaboration between research organizations and biopharmaceutical companies for drug development is forecasted to aid the expansion of the endoscope cabinet market share. The higher drug experiments require more storage containers; thus, the need for the cabinet is expected to grow and surge in the market. Moreover, the rising construction of hospitals is expected to drive product demand in the global market.

"Rising Incidences of Chronic Diseases to Aid Market Growth"

The presence of the geriatric population globally is more than the young population, which is anticipated to drive the growth of the market as the senior population is affected by chronic disease. The prevalence of chronic illness among the population, is forecasted to increase the requirement for an endoscopes cabinet. Additionally, the shifting from traditional surgery to robotic-assisted and laparoscopic surgeries is likely to bolster growth in the market.

RESTRAINING FACTORS

"High Costs and Lack of Awareness About Product Availability to Affect Market Growth"

The growing number of diseases increases the cost of the product, which is likely to impede its adoption. The higher price of the product is resisting the hospitals from product adoption. Additionally, the lack of awareness about product usage is also estimated to hinder the market growth. Moreover, the availability of cheap products in the market is likely to affect the endoscopes cabinet market growth.

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Endoscopes Cabinet Market REGIONAL INSIGHTS

"North America to Lead the Market Due to Rising Adoption of the Product"

North America is likely to dominate due to the rising incidences of infections in the region ascribed to the usage of contaminated endoscopes. Moreover, the increasing new product launch and the number of Food and Drug Administration (FDA) approvals are expected to boost the endoscopes cabinet market growth.

Asia Pacific is forecasted to show sizeable growth due to the rising expenditure on healthcare and increasing prevalence of the well-established healthcare sector. The presence of emerging countries such as India, China, and Japan are steadily adopting advanced devices, which are likely to surge growth in the region. 

KEY INDUSTRY PLAYERS

"New Product Development to Escalate Market Growth"

Key manufacturers are focused on constantly upgrading their product portfolio by launching advanced products to establish their products in the global market. Competitors also emphasize sustaining heavy competition market by developing long-term growth strategies.  The key competitors are making various analytical approaches. Significant players also underline boosting their presence through partnerships, agreements, investments, joint ventures, expansions, and partnerships. The emergence of advanced products is expected to escalate the product demand and support the endoscopes cabinet market growth.  

LIST OF TOP Endoscopes Cabinet COMPANIES

• Cantel Medical Corporation (U.S.)
• STERIS (U.S.)
• Wassenburg Medical (Netherlands)
• Steelco SpA (Netherlands)
• Soluscope (France)
• SciCan (Canada)
• AT-OS (France)
• MASS Medical Storage (U.S.)
• LTE Scientific (England)
• Torvan Medical (Canada)
• Prime Focus Endoscopy (Canada)
• Choyang Medical Industry (South Korea)
• Raytarget Technologies (China)
• Elmed Medical Systems (Turkey)
• Arc Healthcare Solutions (Canada)
• Medical Devices Group (U.S.)
• Mixta (Nigeria)
• Smartline Medical (Australia)

REPORT COVERAGE

The report emphasizes studying and analyzing the global market based on its segment, regions, and key competitors. The report consists of significant factors responsible for the development of the market and surges in the endoscopes cabinet market growth. The report focuses on the key players and their headquarters. Regional analysis is also presented in the report to explain the contribution of various regions to the market's growth. It constitutes market trends and restraints to understand the market appropriately. This report is an overall insight into the market.