Global Colonoscopes Market, By Product Type (Fiber Optic Colonoscopy Devices and Video Colonoscopy Devices), Technology (Instruments and Accessories and Colonoscopy Devices Service), Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyp), End-User (Hospitals, Ambulatory surgery centers and others) – Industry Trends and Forecast to 2030.
Colonoscopes Market Analysis and Size
The main driving factor for the colonoscopes market is the increasing guidelines from healthcare organizations. The growing awareness of the consequences of colon disorders is also a driving factor in the colonoscopes market. Intense technological advancements and expanding research activities to broaden its applications in therapeutic areas, as well as the development of robotic colonoscopes, represent opportunities for the colonoscopes market.
Data Bridge Market Research analyses that the colonoscopes market, which is USD 2.11 billion in 2022, is expected to reach USD 3.23 billion by 2030, at a CAGR of 5.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Colonoscopes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Fiber Optic Colonoscopy Devices and Video Colonoscopy Devices), Technology (Instruments and Accessories and Colonoscopy Devices Service), Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyp), End-User (Hospitals, Ambulatory surgery centers and others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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FUJIFILM Holdings Corporation (Japan), KARL STORZ (Germany), Olympus Corporation (Japan), Endomed Systems GmbH (Germany), Boston Scientific Corporation (U.S.), Avantis Group (France), HOYA Corporation (Japan), Getinge AB (Sweden), SonoScape Medical Corp. (China), Endo Technologies (U.S.), Smart Medical Systems Ltd (Israel), GI-View (Israel), STERIS (U.K.), PENTAX Medical (Japan), Stryker (U.S.), ESS, Inc. (U.S.), Absolute Medical (Australia), Medical Recovery Company, Inc. (U.S.), Pro Scope Systems (U.S.), Endo Technologies (U.S.), MedWrench, LLC (U.S.)
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Market Opportunities
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Market Definition
Colonoscopy is a type of endoscopic examination procedure that uses a fibre optic camera on a flexible tube that is passed through the anus or a charge-coupled device (CCD) camera to examine the distal part of the small bowel and the large intestine. Colonoscopy is most commonly used to screen for colorectal cancer. A colonoscopy can detect tumours, ulcers, polyps in the colon, tumours, and other areas of bleeding or inflammation. The colonoscope is a flexible and thin tube that ranges in length from 125 cm to 183 cm. A video camera is attached to the tip of the colonoscopy device, allowing the physician to take and view video or photographs of the colon.
Colonoscopes Market Dynamics
Drivers
- Rising usage of colonoscopes
Virtual colonoscopes have aided in improving patient compliance and adherence. These colonoscopes create 2D and 3D images of the intestine using CT or MRI, eliminating the need to insert colonoscopy devices the entire length of the colon. Low procedure time, improved detection, increased accessibility, improved screening rate, and high safety are some of the other factors that contribute to virtual colonoscopes' popularity. Furthermore, favourable reimbursement coverage by the CMS and endorsements from healthcare organizations will accelerate virtual colonoscopy adoption. Over the next five years, this will be one of the most important trends in the colonoscopy market.
- Rise in minimally invasive surgeries
Minimally invasive surgeries are becoming more popular over open surgical procedures due to benefits such as reduced anaesthesia requirements, shorter hospital stays, and faster recovery times. Laparoscopic and robotic surgery are also gaining popularity because they provide 3D visualisation and high dexterity and flexibility in instrument usage for pelvic surgeries. The demand for colonoscopes is expected to rise rapidly as the demand for minimally invasive surgeries rises. As a result, the colonoscopes market will grow during the forecast period.
Opportunities
- Rising prevalence of cancer
The rising prevalence of colon cancer, as well as improved diagnostic techniques such as computer tomography and X-ray to detect abnormalities in the colon, are expected to drive the global colonoscopes market during the forecast period.
Restraints/Challenges
- Lack of skilled healthcare professionals
The risks of colonoscopy pose a significant challenge to the colonoscope market. However, the main restraint in the growth of the colonoscopes market during the forecast period of 2023-2030 is a lack of skilled healthcare professionals for colonoscopy.
This colonoscopes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the colonoscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Colonoscopes Market Scope
The colonoscopes market is segmented on the basis of product type, technology, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Fiber Optic Colonoscopy Devices
- Video Colonoscopy Devices
Technology
- Instruments
- Accessories
- Colonoscopy Devices Service
Application
- Colorectal Cancer
- Lynch Syndrome
- Ulcerative Colitis
- Crohn's Disease
- Polyp
End-User
- Hospitals
- Ambulatory surgery centers
- Others
Colonoscopes Market Regional Analysis/Insights
The colonoscopes market is analyzed and market size insights and trends are provided by country, product type, technology, application and end-user as referenced above.
The countries covered in the colonoscopes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the colonoscopes market due to increased public awareness of colon cancer. However, the main factor driving regional market growth is a growing market with new players.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to surge in key players' investments in R&D of technologically advanced colonoscopes as the geriatric population grows, as does key companies' penetration and efficient product distribution. The high proportion of geriatric population in developing countries such as China and Japan is the primary driving factor for this region's market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The colonoscopes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for colonoscopes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the colonoscopes market. The data is available for historic period 2011-2021.
Competitive Landscape and Colonoscopes Market Share Analysis
The colonoscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to colonoscopes market.
Some of the major players operating in the colonoscopes market are:
- FUJIFILM Holdings Corporation (Japan)
- KARL STORZ (Germany)
- Olympus Corporation (Japan)
- Endomed Systems GmbH (Germany)
- Boston Scientific Corporation (U.S.)
- Avantis Group (France)
- HOYA Corporation (Japan)
- Getinge AB (Sweden)
- SonoScape Medical Corp. (China)
- Endo Technologies (U.S.)
- Smart Medical Systems Ltd (Israel)
- GI-View (Israel)
- STERIS (U.K.)
- PENTAX Medical (Japan)
- Stryker (U.S.)
- ESS, Inc. (U.S.)
- Absolute Medical (Australia)
- Medical Recovery Company, Inc. (U.S.)
- Pro Scope Systems (U.S.)
- Endo Technologies (U.S.)
- MedWrench, LLC (U.S.)
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