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Increasing Adoption of Endoscopy
We've already covered the impact that the aging population has had with regards to the endoscopy market size in a previous article. But there's other factors that are driving this adoption by the medical industry and the general public fueling this growth as well.
One of these additional factors fueling this growth is a steady increase in gastrointestinal, gynecological, urological and respiratory conditions. Diagnosing and treating these conditions requires endoscopic procedures. Due to this, the healthcare industry has adopted the use of these incredible machines as the recommended standard best practices. Additionally, the general public has been slowly educated over the years as to the importance of these minimally evasive procedures and have overcome fears that existed when they were first introduced. The technology has improved dramatically and the risks of infection associated with these procedures has been greatly reduced.
When minimally invasive solutions exist, it inspires and gives patients the confidence to consider and move forward with the procedures more often than not. With so many procedures like arthroscopy, laparoscopy, bronchoscopy, and cystoscopy being less invasive than ever in history and the recovery times decreased compared to their counterpart surgical solutions the preference for these minimally invasive treatments has skyrocketed.
The increased adoption of these procedures has also been fueled by the lower overall cost for patients and healthcare entities. And the typical number of days that patients need to stay in the hospital to recover (if at all), is reduced dramatically. Add to this that there is typically less post-operative complications and the increasing adoption rates in both the health care industry and the general public's acceptance of these procedures as viable solutions makes a lot of sense.
Hospitals have historically performed the majority of endoscopic procedures as compared to ambulatory surgical centers and medical clinics. But the number of non-hospital entities adopting and acquiring endoscopic machines and AERs (automatic endoscopic reprocessors) will arguably be increasing at an even higher percentage rate than hospitals previously.
With the increasing adoption of endoscopy the need for entities like MedService Repair who are able to provide consumables, like AER filters, detergents, disinfectants and maintenance products at discounted prices also be on the rise. These machines require these consumables to run at optimum levels safely. If the medical centers and hospitals can get these products at fair prices it will only bolster the sales and adoption of endoscopic machines going forward as well.