Western European Endoscope Reprocessing Systems and Software Solutions Market Assessment to 2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The “Western European Endoscope Reprocessing Systems and Software Solutions Market Assessment, Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.
Endoscope reprocessing systems and workflow solutions was a 416.4 million market in the top five Western European countries (UK, Germany, France, Spain, and Italy) in 2017. It is expected to grow at a robust CAGR of 9.5% to reach a revenue of 654.9 million by 2022.
The growth in AER revenue in EU-5 is driven by system replacements, owing to historically high levels of installed base, coupled with slower capacity expansion and newer hospital construction. Replacement sales for AERs held 63.4% share in 2017 which is expected to remain stable and account for 63.2% in 2022, indicating a near-equal increase in both replacement and new installation revenue during the forecast period.
EU-5 countries have been effectively moving towards a day-care based healthcare system over the past decade. This is evident in the fact that majority of endoscopy procedures in the region are conducted in day-care facilities, which accounted for 56.3% of total endoscopy procedural volume in EU-5.
The trend is expected to further strengthen during forecast period, with day-care based endoscopy procedures growing at a faster CAGR of 6.6% as compared to hospital procedures, which will grow at 5.1% during 2017-2022. Consequently, the former’s share of procedural volume will grow from 56.3% in 2017 to 58.0% by 2022.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Key Market Trends And Dynamics Catalyzing Growth
4. Drivers And Restraints - Total Endoscope Reprocessing Systems And Software Solutions Market
5. Eu-5 Endoscopy Market Snapshot
6. Eu-5 Endoscopy And Reprocessing Infrastructure Analysis
7. Forecasts And Trends - Total Endoscope Reprocessing Systems And Software Solutions Market
8. Competitive Environment
9. Competitive Environment - Endoscope Reprocessing Solutions
10. Competitive Environment - Workflow Solutions
11. Growth Opportunities For Success
For more information about this report visit https://www.researchandmarkets.com/research/pbj5bs/western_european?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005607/en/
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Related Topics:Software,Medical Devices,Endoscopy
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE HEALTH MEDICAL DEVICES RADIOLOGY
SOURCE: Research and Markets
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PUB: 09/04/2018 10:59 AM/DISC: 09/04/2018 10:59 AM