The Global Colonoscopy Market report examines historical and current data, as well as a thorough examination of market dynamics. The report also sheds light on the major market growth driving and restraining factors that are expected to influence market growth over the forecast period. The Global Colonoscopy Market researches the market scenario to provide growth projections for the Colonoscopy industry from 2022 to 2030. The report focuses on potential growth opportunities and constraints that industry leaders may face over the course of the forecast timeline. To assist readers in making decisions, the report pays special attention to emerging business components, niche sectors, product launches, and brand promotions that are taking place in the market.
According to the most recent analysis by Emergen Research, the global colonoscopy market size reached USD 30.57 billion in 2021 and is anticipated to grow at a revenue CAGR of 5.4% over the projected period. The key reasons driving the revenue growth of the colonoscopy market are an increase in the prevalence of colorectal cancer and an increase in the adoption of minimally invasive techniques. A colonoscopy is a minimally invasive screening test that identifies early cancer signs to halt the disease’s progression. During a colonoscopy, a small camera is introduced into the rectum to observe the large intestine’s inside. Most people suffer anxiety at the thought of having a colonoscopy, so it can be tempting to put off scheduling the exam. Yet, the procedure is quite quick and painless.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Olympus Corporation, Stryker, ESS Medical, Absolute Medical, Medical Recovery Company, Inc., PENTAX Medical, Pro Scope Systems, Endo Technologies, MedWrench, LLC., FUJIFILM Holdings Corporation
Target Audience of the Global Colonoscopy Market Report:
- Key Market Players
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Colonoscopy Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Colonoscopy market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Colonoscope Visualization Systems
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Colorectal Cancer Lynch Syndrome
- Ulcerative Colitis
- Crohn’s Disease
- Polyps or Colorectal Cancer
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Ambulatory Surgery Centers
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Some Key Highlights From the Report
- The colonoscope visualization systems segment accounted for the largest revenue share in 2021. During a colonoscopy, a lengthy, flexible tube known as a colonoscope is inserted into the rectum. A tiny video camera at the tip of the tube allows the doctor to see the whole interior of the colon. Through the scope, polyps or other types of abnormal tissue can be removed during a colonoscopy. Tissue samples (biopsies) can also be obtained during a colonoscopy. Investigating intestinal signs and symptoms is one used for colonoscope visualization equipment. With the use of these systems, a doctor can look into the potential causes of digestive problems such as stomach pain, rectal bleeding, recurrent diarrhea, and others. They are also employed for colon cancer screening.
- The polyps or colorectal cancer segment accounted for the largest revenue share in 2021. A colon polyp is a small cell cluster that forms on the lining of the colon. Most of the time, colon polyps are harmless. However, some colon polyps can develop into colon cancer over time, which can be fatal if caught in an advanced stage. Regular screening tests, such as colonoscopies, are essential since colon polyps are typically completely and safely removed when found in the early stages. The best way to prevent colon cancer is to regularly find and remove polyps. Colorectal cancer, often known as bowel cancer or colon cancer, is the third most prevalent cancer in the world. It comes up at number two among female cancers and number three among male cancers. About 1.9 million brand-new cases of colorectal cancer will be diagnosed in 2020.
- The ambulatory surgery centers segment accounted for the largest revenue share in 2021. Revenue growth for this market segment is expected to be driven by an increase in colonoscopy procedures. In only the United States alone, more than 15 million colonoscopies are performed annually. Instead of hospitals, ambulatory surgery centers do the majority of colonoscopies. They provide the same level of safety for surgery as hospitals, according to a study. An overnight stay is not necessary for procedures performed in ambulatory surgical facilities. They are not connected to any hospitals. Ambulatory surgery centers are small locations where patients can receive straightforward, minimally invasive surgical and diagnostic procedures. Surgery can seem obtrusive and terrifying, however, many of the treatments can be done in a standalone facility and are just minimally invasive.
- North America accounted for the largest revenue share in 2021 attributed to the increasing prevalence of colorectal cancer in countries in this region. For instance, colorectal cancer is the third most common cancer in both men and women in the United States. 10.5% of new cases of colorectal cancer are believed to be diagnosed in those under 50, despite the fact that it is normally diagnosed in people over 50. The incidence of colorectal cancer has increased by about 15% in adults between the ages of 40 and 49 during the previous 20 years. Therefore, the rising incidence of colorectal cancer in the region’s countries is expected to drive market revenue growth.
Additional information offered by the report:
- Along with a complete overview of the global Colonoscopy market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Colonoscopy market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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