Global Colonoscopy Devices Market
By 2032, the value of the global colonoscopy devices market is projected to be close to US$ 2.84 billion. The colonoscopy devices market is expected to grow at a compound annual growth rate (CAGR) of 5.13% between 2024 and 2032 worldwide. According to Renub Research, it reached US$ 1.81 billion in 2023.
Market Overview and Definition for Colonoscopy Devices
Colonoscopy is the term for the ocular examination of the colon and rectum by the use of a flexible, lighted tube that is attached to a video screen or eyepiece for viewing. We call this gadget a colonoscopy. Colonoscopy instruments are used to identify a range of disorders related to the colon Global Colonoscopy Devices Market. This is a long, flexible, thin, and disposable gadget that looks like a controlled tube with a light, camera, and tools at the end. It’s used in surgical operations such as biopsies.
In order to detect cancer or other anomalies, the clinical administrator places the instrument into the patient’s rectum and examines the intestines, anus, and gastrointestinal system. It’s used to get rid of little things called polyps. These polyps are removed, and then their danger is assessed by microscopically examining them. Several tools are being developed to enhance visualization angles, such as endoscopes, colonoscopies with multiple lenses, short-turn radius colonoscopies, and several accessory devices.
Products – Market breakup in 4 viewpoints:
- Colonoscope
- Visualization system
- Other
Application – Market breakup in 4 viewpoints:
- Colorectal Cancer
- Ulcerative Colitis
- Crohns Disease
- Others
Market trends for colonoscopy devices
Increased incidence of colorectal cancer
Globally, the incidence of colorectal cancer, a serious public health concern, has been steadily rising. Genetic predispositions, changing lifestyles, and aging populations are all blamed for this increase. Colonoscopy procedures are crucial because of the increased requirement for early detection and screening. The most successful technique for screening for colorectal cancer is a colonoscopy, which has a direct impact on patient outcomes by facilitating an early diagnosis. The need for colonoscopy equipment is primarily driven by the rise in colorectal cancer incidence around the world, as healthcare systems place a strong emphasis on early detection and preventive treatment to lower the morbidity and death rate associated with cancer.
End-User – Market breakup in 3 viewpoints:
- Hospitals
- Clinics & Ambulatory surgical centers
- Others
North America is Expected to Witness Significant Growth Over the Forecast Period
Over the course of the projection period, North America is anticipated to experience significant growth. A number of variables, including the increasing number of colorectal cancer patients, product releases, and strategic activities, can be related to the growth. For instance, 152,810 cases of colorectal cancer were detected in 2024, according to a report released by the Canadian Cancer Society in May of that year. According to the same source, colorectal cancer diagnosed cases in Canada averaged 67 per day.
Growth in the colonoscopy market is also anticipated to be fueled by increased research activity in North America. To assess colorectal polyp size during live colonoscopies, for example, researchers in Canada initiated a clinical pilot trial in February 2023 utilizing a new virtual scale endoscope (VSE) equipped with a laser-based size measurement capability. As a result, significant market growth is anticipated due to the increased incidence of colorectal cancer and the expansion of regional research efforts.
Country – Market breakup of 25 Countries:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
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All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
- Boston Scientific Corporation
- Fujifilm Holdings Corporation
- Hoya Corporation
- Medtronic plc,
- Olympus Corporation
- Stryker Corporation
- Steris Corp.
- Merit Medica
- Getinge AB
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