Endoscope Drying Cabinets Market Size, Share & Trends Analysis Report By Product (Multiple Door Cabinet, Double Door Cabinet, Single Door Cabinet), By Size (8 Endoscope, 12 Endoscope, 16 Endoscope, Others), By End-User (Ambulatory Surgical Centers, Hospitals, Clinics, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global endoscope drying cabinets market size was valued at USD 195.1 million in 2022 and is projected to reach USD 390.0 billion by 2031, registering a CAGR of 8.0% during the forecast period (2023-2031). The increasing use of endoscopic procedures for therapeutic and diagnostic purposes has driven the market share of endoscope drying cabinets.

Endoscope drying cabinets are specialized storage solutions designed to aid in the drying, storage, and safe handling of cleaned and disinfected endoscopes. These cabinets are critical in preserving the integrity and safety of endoscopic equipment, ensuring that it is ready for use in medical procedures. Minimally invasive methods, such as endoscopy, are becoming more popular due to benefits such as reduced patient trauma, shorter hospital stays, and faster recovery times. Endoscopes must be adequately dried before repurposing, driving the endoscope drying cabinets market growth. Healthcare-associated infections (HAIs) are a substantial issue in hospital settings.

Endoscopes must be adequately dried to avoid the formation of germs or other diseases that could contaminate or infect patients. Endoscope drying cabinets are an essential aspect of the endoscope reprocessing workflow and are in increasing demand due to rising infection control concerns. Endoscope drying cabinets, on the other hand, can be pretty costly, mainly if they include high-tech features such as automated drying cycles or sophisticated monitoring systems. The high cost of these cabinets may be an issue for smaller healthcare organizations or those with limited resources.

Market Dynamics

Global Endoscope Drying Cabinets Market Drivers:

Rising Number of Endoscopic Procedures

The increasing use of endoscopic techniques for diagnostic and therapeutic purposes increases the need for effective and standardized endoscope reprocessing and storage solutions. The number of endoscopic operations performed in numerous medical disciplines, including gastroenterology, urology, gynecology, and orthopedics, has increased significantly worldwide. According to a study published in the International Journal of Surgery, around 40 to 50 million major medical procedures are performed annually in the United States and Europe. Colorectal cancer screening is recommended for persons aged 50 to 75 years old by the US Preventive Services Task Force, which adds to the need for colonoscopies and other endoscopic treatments. Furthermore, as the incidence of stomach, esophagus, and colon cancers rises, endoscopic procedures are likely to increase throughout the forecast period.

Furthermore, because of advantages such as shorter recovery times and fewer postoperative problems, minimally invasive procedures have favored traditional open surgeries. According to the American Society for Gastrointestinal Endoscopy (ASGE), nearly 75 million endoscopic operations are conducted in the United States each year, demonstrating the widespread use of these techniques. The worldwide aging population has increased the prevalence of age-related disorders, many of which require diagnostic and therapeutic endoscopic treatments. According to the World Health Organization (WHO), the proportion of the world's population over 60 years old is expected to nearly double from 12% to 22% between 2015 and 2050, indicating an increase in demand for medical procedures such as endoscopy. As a result, the increasing number of endoscopic procedures directly contributes to the endoscope drying cabinets market trend of endoscope drying cabinets.

Global Endoscope Drying Cabinets Market Restraints:

Cost Constraints

Endoscope drying cabinets can be an expensive initial expenditure for healthcare organizations. Budget constraints may limit the use of these cabinets, particularly in smaller or less financially secure institutions. Healthcare facilities, particularly those with smaller clinics or restricted budgets, may need help finding appropriate cash for such capital-intensive expenditures. Each unit of a mid-sized endoscope drying cabinet might cost several thousand dollars. For example, a drying cabinet suited for a gastroenterology suite can cost USD 5,000 to USD 10,000 or more, depending on the features and requirements.

Furthermore, healthcare organizations frequently operate on a shoestring budget, and capital expenditures are closely examined. Endoscope drying cabinets may be more expensive than other pressing financial needs in the healthcare facility. Budget constraints may cause investments in sophisticated endoscope drying solutions to be postponed or limited, resulting in a prolonged reliance on alternate drying methods. Some healthcare providers may view endoscope drying cabinets as an unnecessary expense with no apparent and quick return on investment. Long-term benefits regarding infection control and equipment longevity are only sometimes obvious. Smaller healthcare facilities, such as private clinics or outpatient centers, may need help to justify the cost of high-end endoscope drying cabinets compared to alternative, less expensive drying methods. Concerns about affordability may hinder adoption among smaller healthcare providers, affecting overall market penetration.

Global Endoscope Drying Cabinets Market Opportunity:

Increasing Adoption of Minimally Invasive Procedures

Endoscope drying cabinets have a considerable market opportunity due to the ongoing development of less invasive procedures in which endoscopy plays a critical role. These cabinets help to keep endoscopes in good working order and ready for minimally invasive surgery. Endoscopes are being used more frequently as the need for minimally invasive operations grows. As a result, there is an increasing demand for dependable and practical solutions, such as endoscope drying cabinets, to ensure proper reprocessing and storage of this vital equipment between uses.

Endoscope drying cabinet manufacturers should strategically position their goods by stressing characteristics that appeal exclusively to the demands of hospitals that perform minimally invasive surgery. This could include shorter drying times, compatibility with different endoscope models, and integration with existing reprocessing procedures. Investing in research initiatives that quantify the influence of efficient endoscope reprocessing, including drying, on the success and safety of minimally invasive operations can also help strengthen the market position. Studies proving a link between adequate equipment maintenance and better patient outcomes support the idea. As healthcare systems worldwide adopt less intrusive methods, the opportunity expands globally. Manufacturers might look into collaborations and distribution channels to access new regions where minimally invasive procedures are increasing.

Regional Analysis

The global endoscope drying cabinets market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

North America Dominates the Global Market

North America is the most significant global endoscope drying cabinets market shareholder and is estimated to grow at a CAGR of 8.1% over the forecast period. North America has the most critical market share because it has sophisticated healthcare facilities, cutting-edge technology, and well-defined laws and regulations for endoscope reprocessing. Patient safety and infection control are given top attention in healthcare institutions, creating an environment conducive to installing Endoscope Drying Cabinets. The region has a high prevalence of endoscopic operations due to an older population, increased knowledge of illness early diagnosis, and advancements in endoscopic technology. Endoscope reprocessing and drying solutions, including endoscopic drying cabinets, are in high demand to ensure endoscopes' safe and effective usage.

Furthermore, endoscopic procedures are standard in various medical specializations in the United States. Colonoscopies, for example, are commonly used for colorectal cancer screening. The American Cancer Society reports that approximately 100,000 new cases of colon cancer are identified each year, fueling demand for endoscope-related equipment such as drying cabinets. Furthermore, regulatory authorities such as the Food and Drug Administration (FDA) in the United States establish severe standards for medical equipment reprocessing to protect patient safety. All healthcare establishments must meet these requirements. Endoscope Drying cabinet manufacturers in North America must develop solutions that meet or surpass these regulatory criteria.

Europe is anticipated to exhibit a CAGR of 8.3% over the forecast period. According to endoscope drying cabinets market insights, Europe is the second-largest market for endoscope drying cabinets owing to increased demand for endoscopic procedures, increased awareness of endoscope sterilization and disinfection, and the need for efficient and effective drying of endoscopes. According to the European Society of Gastrointestinal Endoscopy, millions in Europe receive endoscopic operations yearly. Endoscopy is the most common gastrointestinal procedure in the United Kingdom, with around 2 million procedures performed each year. Colonoscopy, upper endoscopy, and laparoscopy are the most common types of endoscopies. However, the European market is distinguished by varying regulatory frameworks among countries. To ensure compliance with local rules, manufacturers must traverse a variety of approval processes.

The Asia-Pacific region, on the other hand, is predicted to grow at the quickest rate during the analysis period due to the vast number of developing and underdeveloped nations present in this region, such as India and China. Furthermore, rising patient populations from gastrointestinal and cancer disorders, particularly in emerging nations, are expected to drive up demand for endoscopes and, as a result, endoscope drying cabinets in the region.

Segmental Analysis

The global endoscope drying cabinets market is segmented based on product, size, end-user, and region.

The market is further segmented by product into multiple-door cabinets, double-door cabinets, and single-door cabinets.

Multiple Door Cabinet accounts for the largest share of the market. Endoscope drying cabinets with more than two doors are called multiple-door cabinets. These cabinets often have a bigger storage capacity and may contain different compartments or divisions. Multiple-door cabinets are predicted to drive market expansion due to rising rates of obesity and chronic disease worldwide, which has increased the frequency of endoscopic treatments over the last few decades. Healthcare facilities that perform a wide range of endoscopic treatments or departments that desire to separate and organize endoscopes by specialty or medical discipline.

Double Door Cabinets have two primary doors that reveal a single storage compartment. These cabinets are frequently constructed to compromise capacity and space efficiency. Storage capacity and floor space must be balanced in facilities with modest endoscope usage. Double Door Cabinets are adaptable and can house a variety of endoscope types.

The market is sub-segmented based on size into 8 Endoscopes, 12 Endoscopes, and 16 Endoscopes.

8 Endoscope is a significant contributor to the market. An 8 Endoscope Cabinet is intended to hold up to eight endoscopes. These cabinets are often smaller and more appropriate for healthcare facilities with lower endoscope volumes. The amount of physical space available in the institution is a significant concern. Larger cabinets provide additional storage capacity, but smaller establishments with limited space may prefer more compact solutions, such as 8 Endoscope Cabinets. A dermatological clinic occasionally employing endoscopes for various treatments chooses an 8 Endoscope Cabinet to satisfy its storage needs.

The 16 Endoscope Cabinet is the largest in this category, holding up to sixteen endoscopes. These cabinets are appropriate for more extensive healthcare facilities that use endoscopes often. Hospitals, big medical institutions, or departments with various endoscopic procedures may use 16 cabinets to suit their storage demands. To successfully manage its endoscope inventory, a hospital's surgical department invests in 16 Endoscope Cabinets to cater to varied specialties and high procedural volumes.

By End-users, the market is further bifurcated into Ambulatory Surgical Centers, Hospitals, and Clinics.

Hospitals generate the most revenue. Hospitals are significant healthcare facilities that offer a wide range of medical services, such as surgery, emergency care, and specialized therapies. A hospital may have several departments and medical specialties. Hospitals are predicted to have the most significant endoscope drying cabinets market share because they are frequently the primary healthcare provider in many countries. In addition, hospitals perform more endoscopic operations than specialty clinics or ambulatory surgical centers (ASCs). As a result of increased end-use demand for endoscopic equipment in hospitals, the market for Endoscope Drying Cabinets is expanding. Furthermore, the sector is likely to drive the market due to rising expenditure in hospital expansion by governments around the globe.

Ambulatory Surgical Centers (ASCs), often known as outpatient surgery centers, are healthcare facilities where patients do not stay overnight for surgeries and procedures. These facilities provide care for a wide range of medical specializations. Endoscope reprocessing solutions that are efficient, small, and user-friendly are frequently required by ASCs. ASC cabinets should accommodate the reduced operations typical of outpatient environments.

Recent Developments

• June 2023- Capsa Healthcare announced the acquisition of MASS Medical Storage, strengthening its position in healthcare solutions. MASS Medical (located in Kansas City, KS) is well-known for providing endoscopic equipment drying, storage, and transport carts. Capsa Healthcare has access to MASS Medical's broad product line of medical carts, cabinets, catheter storage, and closed storage units recognized for nosocomial infection control and meets the Joint Commission, AORN, SGNA, and AAMI strict criteria.
• January 2023- InnerSpace announced the addition of the Scope Drying Endoscopy System Drying and Tracking Cabinet.