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North America Colorectal Surgical Devices Market – Industry Trends and Forecast to 2029

Medical Devices

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North America Colorectal Surgical Devices Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Published Report
  • May 2022
  • North America
  • 350 Pages
  • No of Tables: 46
  • No of Figures: 33

North America Colorectal Surgical Devices Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 5,909.46 USD Million
Diagram Market Size (Forecast Year) USD 16,690.75 USD Million
Diagram CAGR %

Major Markets Players

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North America Colorectal Surgical Devices Market, By Product Type (Endoscope, Electrosurgery, Handheld Instruments, Sealing Devices, Surgical Stapling Devices, Accessories), Indication (Colorectal Cancer, Diverticulitis, Ulcerative Colitis, Crohn's Disease, Others), End User (Surgical Centers, Hospitals, Clinics, Others) Industry Trends and Forecast to 2029

North America Colorectal Surgical Devices Market

Market Analysis and Insights

Colorectal surgical devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the North America market is growing with a CAGR of 13.9% in the forecast period of 2022 to 2029 and is expected to reach USD 16,690.75 million by 2029 from USD 5,909.46 million in 2021. Rise in GDP per capita income and increase in geriatric population are the major drivers propelling the demand in the forecast period.

North America Colorectal Surgical Devices Market

North America Colorectal Surgical Devices Market

However, the high cost and lack of trained healthcare professionals may hamper the future growth of colorectal surgical devices market. Adoption of strategic alliances like partnerships and acquisitions by key market players act as opportunity for the growth of colorectal surgical devices market.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

By Product Type (Endoscope, Electrosurgery, Handheld Instruments, Sealing Devices, Surgical Stapling Devices, Accessories), By Indication Colorectal Cancer, Diverticulitis, Ulcerative Colitis, Crohn's Disease, Others), By End User (Surgical Centers, Hospitals, Clinics, Others)

Countries Covered

U.S., Canada, Mexico

Market Players Covered

Abbott (U.S.), Johnson & Johnson Services, Inc.(U.S.), B. Braun Melsungen AG (Germany), BD (U.S.), Boston Scientific Corporation (U.S.), Cardinal Health (U.S), CONMED Corporation (U.S.), Cook (U.S.), CooperSurgical, Inc. (U.S.), Medtronic (Ireland), Smith & Nephew (U.K.), Stryker (U.S.), W.L. Gore & Associates, Inc. (U.S.), Richard Wolf GmbH (Germany), Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Hebson (India), Teleflex Incorporated, PENTAX Medical (Japan), and others

Market Definition

The colorectal surgery is a field in medicine which deals with disorders of the anus, rectum, and colon. The various devices or products used in the colorectal surgery are endoscope, hand instruments, access instrument, electro surgery, surgical stapling devices, fluid management system, energy/vessel sealing devices and accessories.

Colorectal Surgical Devices Market Dynamics

Drivers

  • Increase in geriatric population

The management of geriatric patients has become the forefront of colorectal surgery with the rising number of elderly patients and incidence of colorectal cancer. The elderly population brings a greater chance of health issues, and the rapid growth in the geriatric population is more prone to various types of diseases and disorders that require surgical procedures.

  • Rise in number of patients suffering from diverticulitis and ulcerative colitis

Living with a chronic illnesses such as ulcerative colitis and diverticulitis requires several treatment approaches including medication, dietary modifications, nutritional supplementation, and surgery such as colorectal surgery.

The demand for surgical devices is high because of the increase in prevalence of diverticulitis and ulcerative colitis, which is expected to drive the market's growth.

Restraint

  • High cost of colorectal surgery devices

In last few years, the Food and Drug Administration has authorized a huge number of advanced medical devices. This approved medical device has provided advanced medical treatment alternatives and helped improve the quality of patient’s life.

Opportunity

  • Strategic initiatives taken by market players and the government

Strategic initiatives such as acquisition, partnership, contract agreement, and participation in conferences provide opportunities to flourish their customer base. Moreover, through such initiative strategies, the companies can expand their reach through new geographical or industry markets and access to new products or types of customers. Both the market players open the door to additional or new resources such as technology and talent.

Challenge

  • Complications associated with procedure

Open or laparoscopic colorectal surgery comprises many different procedures for various diseases. Depending upon the operation and modifiable and non-modifiable risk factors, the intra- and postoperative morbidity and mortality rate vary.

These complications and risk factors are affecting the patient's perception of opting for the surgery, which is expected to challenge the market growth.

Colorectal Surgical Devices Market Scope and Market Size

Colorectal surgical devices market is segmented on the basis of product type, indication and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Product Type

On the basis of product type, market is segmented into endoscope, electrosurgery, handheld instruments, sealing devices, surgical stapling devices, and accessories.

Indication

  • Colorectal Cancer
  • Diverticulitis
  • Ulcerative Colitis
  • Crohn's Disease
  • Others

On the basis of indication, the market is segmented into colorectal cancer, diverticulitis, ulcerative colitis, Crohn's disease, others.

End User

  • Surgical Centers
  • Hospitals
  • Clinics
  • Others

North America Colorectal Surgical Devices Market

On the basis of end user, the market is segmented into surgical centers, hospitals, clinics, others.

Colorectal Surgical Devices Market Country Level Analysis

The colorectal surgical devices market is analyzed and market size information is provided by product type, indication, and end user.

The countries covered in the colorectal surgical devices market report are the U.S., Canada, and Mexico.

In 2022, North America is expected to dominate due to the presence of key market players along the largest consumer market with high GDP. The U.S is expected to grow due to rise in technological advancement.

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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Colorectal surgical devices market also provides you with detailed market analysis for every country growth in colorectal surgical devices market industry. Moreover, it provides detailed information regarding colorectal surgical devices market sales, impact of regulatory scenarios, and trending parameters regarding colorectal surgical devices Market. The data is available for historic period 2011 to 2019.

Competitive Landscape and Colorectal Surgical Devices Market Share Analysis

Colorectal surgical devices 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to colorectal surgical devices market.

Some major companies which are dealing in the colorectal surgical devices market are Abbott (U.S.), Johnson & Johnson Services, Inc.(U.S.), B. Braun Melsungen AG (Germany), BD (U.S.), Boston Scientific Corporation (U.S.), Cardinal Health (U.S), CONMED Corporation (U.S.), Cook (U.S.), CooperSurgical, Inc. (U.S.), Medtronic (Ireland), Smith & Nephew (U.K.), Stryker (U.S.), W.L. Gore & Associates, Inc. (U.S.), Richard Wolf GmbH (Germany), Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Hebson (India), Teleflex Incorporated, PENTAX Medical (Japan), and others.

Strategic alliances like mergers, acquisitions and agreement by the key market players are further expected to accelerate the growth of foot and ankle allograft market.

For instance

  • In May 2021, The Cooper Companies Inc., announced the acquisition of obp Medical to focus on providing impactful solutions that address providers’ needs. This acquisition has helped the company to increase the surgical segment’s product portfolio.

In September 2018, Stryker announced that they had completed the acquisition of K2M Group Holdings, Inc., a global leader of complex spine and minimally invasive solutions. This acquisition has helped the company to increase the minimally invasive solutions portfolio.

Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the colorectal surgical devices market which also provides the benefit for organization’s profit growth.

Research Methodology: Global Colorectal Surgical Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, North America versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts


SKU-

TABLE 1 NORTH AMERICA COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 2 NORTH AMERICA ENDOSCOPE IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 3 NORTH AMERICA ENDOSCOPE IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 4 NORTH AMERICA ELECTROSURGERY IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 5 NORTH AMERICA ELECTROSURGERY IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 6 NORTH AMERICA HANDHELD INSTRUMENTS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 7 NORTH AMERICA HANDHELD INSTRUMENTS IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 8 NORTH AMERICA SEALING DEVICES IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 9 NORTH AMERICA SURGICAL STAPLING DEVICES IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 10 NORTH AMERICA ACCESSORIES IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 11 NORTH AMERICA COLORECTAL SURGICAL DEVICES MARKET, BY INDICATION, 2020-2029 (USD MILLION)

TABLE 12 NORTH AMERICA COLORECTAL CANCER IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 13 NORTH AMERICA DIVERTICULITIS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 14 NORTH AMERICA ULCERATIVE COLITIS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 15 NORTH AMERICA CROHN'S DISEASE IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 16 NORTH AMERICA OTHERS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 17 NORTH AMERICA COLORECTAL SURGICAL DEVICES MARKET, BY END USER, 2020-2029 (USD MILLION)

TABLE 18 NORTH AMERICA SURGICAL CENTERS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 19 NORTH AMERICA HOSPITALS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 20 NORTH AMERICA CLINICS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 21 NORTH AMERICA OTHERS IN COLORECTAL SURGICAL DEVICES MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 22 NORTH AMERICA COLORECTAL SURGICAL DEVICES MARKET, BY COUNTRY, 2020-2029 (USD MILLION)

TABLE 23 NORTH AMERICA COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 24 NORTH AMERICA ENDOSCOPE IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 25 NORTH AMERICA ELECTROSURGERY IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 26 NORTH AMERICA HANDHELD INSTRUMENTS IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 27 NORTH AMERICA COLORECTAL SURGICAL DEVICES MARKET, BY INDICATION, 2020-2029 (USD MILLION)

TABLE 28 NORTH AMERICA COLORECTAL SURGICAL DEVICES MARKET, BY END USER, 2020-2029 (USD MILLION)

TABLE 29 U.S. COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 30 U.S. ENDOSCOPE IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 31 U.S. ELECTROSURGERY IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 32 U.S. HANDHELD INSTRUMENTS IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 33 U.S. COLORECTAL SURGICAL DEVICES MARKET, BY INDICATION, 2020-2029 (USD MILLION)

TABLE 34 U.S. COLORECTAL SURGICAL DEVICES MARKET, BY END USER, 2020-2029 (USD MILLION)

TABLE 35 CANADA COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 36 CANADA ENDOSCOPE IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 37 CANADA ELECTROSURGERY IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 38 CANADA HANDHELD INSTRUMENTS IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 39 CANADA COLORECTAL SURGICAL DEVICES MARKET, BY INDICATION, 2020-2029 (USD MILLION)

TABLE 40 CANADA COLORECTAL SURGICAL DEVICES MARKET, BY END USER, 2020-2029 (USD MILLION)

TABLE 41 MEXICO COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 42 MEXICO ENDOSCOPE IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 43 MEXICO ELECTROSURGERY IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 44 MEXICO HANDHELD INSTRUMENTS IN COLORECTAL SURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2029 (USD MILLION)

TABLE 45 MEXICO COLORECTAL SURGICAL DEVICES MARKET, BY INDICATION, 2020-2029 (USD MILLION)

TABLE 46 MEXICO COLORECTAL SURGICAL DEVICES MARKET, BY END USER, 2020-2029 (USD MILLION)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

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FREQUENTLY ASK QUESTIONS

The market value for North America Colorectal Surgical Devices Market is expected USD 16,690.75 million by 2029.
The North America Colorectal Surgical Devices Market is to grow at a CAGR of 13.9% during the forecast by 2029.
On the basis of product, the North America Colorectal Surgical Devices Market is segmented into Endoscope, Electrosurgery, Handheld Instruments, Sealing Devices, Surgical Stapling Devices, Accessories.
The major countries covered in the North America Colorectal Surgical Devices Market are U.S., Canada, Mexico.
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