The endoscope reprocessing market is on the precipice of a boom, according to a Market Research Engine report.
Here's what you should know:
1. MRE analysts believe the market will hit $2 billion by 2024, growing at a compound annual growth rate of 9 percent during that time.
2. Analysts point to increased government and healthcare-related investment in the industry and a high prevalence of treatable diseases as potential growth factors.
3. However, the high price of automated endoscope reprocessors and regulatory concerns could hinder adoption rates.