Global Colonoscopes Market Size By Product (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices), By Application (Colorectal Cancer, Ulcerative Colitis), By End-User (Hospitals Ambulatory, Surgery Center), By Geographic Scope And Forecast
Report ID: 32519|No. of Pages: 202
Global Colonoscopes Market Size By Product (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices), By Application (Colorectal Cancer, Ulcerative Colitis), By End-User (Hospitals Ambulatory, Surgery Center), By Geographic Scope And Forecast
Colonoscopes Market Size And Forecast
Colonoscopes Market size was valued at USD 1.07 Billion in 2021 and is projected to reach USD 1.97 Billion by 2030, growing at a CAGR of 7.1% from 2023 to 2030.
The rise in colorectal cancer incidence, technological developments in colonoscopy equipment, and rising desire for less invasive procedures all contribute to the market’s expansion. In addition, several genetic and environmental factors could raise the risk of contracting the illness. The Global Colonoscopes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Colonoscopes Market Definition
With the aid of a colonoscope instrument, a colonoscopy is a form of diagnostic examination of the gut, including the large and small bowels. A fiber optic light bundle that transfers light from the source at the tube’s tip makes up the colonoscope insertion tube. The colonoscope’s distal end includes a charge-coupled device that functions as a tiny camera and transfers the image electronically to an external video processing unit. The colonoscope tip is typically placed into the anal region of the body and slowly moved under visual control into the rectum. It is a flexible, thin tube with a 125–183 cm length range. Colonoscopy is used to detect colon polyps, cancers, ulcers, and others.
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Global Colonoscopes Market Overview
The key factors anticipated to propel the growth of the worldwide colonoscopes market are the rising incidence of colon cancer and improved diagnostic procedures like computed tomography and X-ray utilized to detect abnormalities in the colon. Intense technological progress, expanding research efforts to expand its applications in therapeutic fields, and the creation of robotic colonoscopes are other factors driving the need for colonoscopies. On the other hand, a lack of knowledge about scientific developments in diagnostic instruments for gastrointestinal and colon illnesses may limit market expansion.
Because of dietary and lifestyle changes, colorectal cancer is becoming more common worldwide. This is anticipated to fuel the demand for colonoscopes in the upcoming years. People are becoming more aware of the value of early detection and treatment for many illnesses, including colorectal cancer. The need for colonoscopes is projected to increase as a result in the near future. Furthermore, the accuracy and effectiveness of operations are being improved thanks to technical developments in colonoscopy equipment. During the course of the projected period, this is likely to propel market expansion.
Global Colonoscopes Market Segmentation Analysis
The Global Colonoscopes Market is segmented on the basis of Product, Application, End-User, and Geography.
Colonoscopes Market, By Product
- Fiber Optic Colonoscopy Devices
- Video Colonoscopy Devices
Based on Product, the market is segmented into Fiber Optic Colonoscopy Devices and Video Colonoscopy Devices.
Colonoscopes Market, By Application
- Colorectal Cancer
- Ulcerative Colitis
- Crohn’s Disease
- Others
Based on Application, the market is segmented into Colorectal Cancer, Ulcerative Colitis, Crohn’s Disease, and Others.
Colonoscopes Market, By End-User
- Hospitals
- Ambulatory Surgery Center
- Others
Based on End-User, the market is segmented into Hospitals, Ambulatory Surgery Center, and Others. The Hospital segment is anticipated to dominate the Colonoscopes market due to the popularity of colonoscopy adoption in hospitals, patients’ ease of access in hospitals, and a rise in patient admissions.
Colonoscopes Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, The Global Colonoscopes Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will hold the largest market share for Colonoscopes. The high incidence of colorectal cancer in the nation, the rising treatment rates, and the elevated drug prices compared to other significant regions are essential factors to its supremacy.
Key Players
The “Global Colonoscopes Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Olympus Corporation, PENTAX Medical, Medtronic, Boston Scientific Corporation, Fujifilm Corporation, Stryker Corporation, ESS, Inc., Absolute Medical Services, Medical Recovery Company, Pro Scope Systems, Endo Technologies, MedWrench, HOYA, Karl Storz, Endomed Systems, Avantis Medical Systems, GI-View, InMotion Medical, and HUGER Medical Instrument.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- In April 2021, FUJIFILM launched the G-EYE 700 Series Colonoscope. Smart Medical created the G-EYE technology to help with visualization, steadiness, and control during regular tests.
- In April 2021, according to a statement from Medtronic plc, the GI Genius cognitive endoscopy module received de novo clearance from the U.S. Food and Drug Administration (FDA) in the United States. The module offers doctors a potent new tool in the fight against colorectal cancer and is compatible with any colonoscope video.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Colonoscopes Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Colonoscopes Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2021 |
| Forecast Period | 2023-2030 |
| Historical Period | 2018-2020 |
| UNIT | Value (USD Billion) |
| Key Companies Profiled | Olympus Corporation, PENTAX Medical, Medtronic, Boston Scientific Corporation, Fujifilm Corporation, Stryker Corporation, ESS, Inc., Absolute Medical Services, Medical Recovery Company, Pro Scope Systems |
| Segments Covered | By Product, By Application, By End-User, By Geography |
| Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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Data Collection Matrix
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Industry Analysis Matrix
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