Global Colonoscopy Market

Report ID : 1442 | Published : 2022-11-24 | Pages: | Format: PDF/EXCEL

The market size of the Global Colonoscopy Market in the year 2021 is valued at 3.65 billion and is predicted to reach 5.31 billion by the year 2030 at an 4.43% CAGR during the forecast period.

Colonoscopy, often known as coloscopy, is an operational exploration of the vast intestinal and the proximal part of the small bowel using a CCD camera on a flexible tube passing via the anus. Colonoscopy enables accurate diagnosis and therapy without the need for a major procedure. The rising prevalence of colorectal cancer is a significant factor driving the growth of the global colonoscopy device market. Furthermore, the number of colonoscopy treatments is predicted to skyrocket as colonoscope therapeutic capabilities improve. The growing preference for minimally invasive procedures, technical improvements, and the rising frequency of colorectal cancer are driving the colonoscopy device market. Colorectal cancer's causes are unknown.

The increased usage and quantity of colonoscopy procedures conducted at these centers led to the rise of the global colonoscopy device market. Various instruments created to improve visibility angles, such as short-run radius optics, colonoscopes, gastroenterology devices with multiple lenses, and various accessory devices, are significant contributors to market expansion. Innovative procedures and devices have been developed in recent years to overcome the hurdles of colon surgery. Technological advances have improved colonoscopy instruments and accessories linked to colonoscopes during treatment.

Market Segmentation:

The colonoscopy market is segmented on the product, applications and end-use. Based on product, the market is divided into Colonoscope (Flexible Non-Video (Fibre) Colonoscopes and Flexible Video Colonoscopes), Visualization Systems, and Others. Based on applications, the colonoscopy market is segmented into colorectal cancer lynch syndrome, ulcerative colitis, crohn's disease, polyps or colorectal cancer, and others. Based on end-use, the colonoscopy market is segmented into clinics, hospitals, ambulatory surgery centers and others.

Based on product, the Colonoscope segment is a significant contributor to the colonoscopy market.

The colonoscope visualization system segment is anticipated to hold a significant market share. The colonoscope visualization system is used to identify cancer in the anus, rectum, and small intestine. Virtual colonoscopy is a less invasive technique to screen for internal organ cancer (colon disease). Screening CT colonography is another name for virtual colonoscopy. Virtual colonoscopy uses a CT output to provide several cross-sectional images of your stomach organs. The images are stitched together and carefully regulated to provide a distinct perspective within the colon and rectum. Visualization systems are utilized in operating rooms during surgical procedures. It enables specialists to see more clearly, resulting in superior results. Visualization technologies reduce reflections and increase the usable difference proportion, which improves body awareness during medical treatments. All these causes contribute to the expansion of the market.

The hospital segment witnessed growth at a rapid rate.

Hospitals grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the expected time. The hospital segment is fast expanding in the global colonoscopy device market, owing to the number of private hospitals and patients. People prefer hospitals for operations because of the increasing number of rectum surgeries and technological advancements in colonoscopy, as well as qualified staff, good equipment, and adequate facilities. This will drive the growth of the global colonoscopy device market throughout the forecast period. The number of colorectal procedures performed in hospitals is higher than in other healthcare settings such as clinics, ambulatory surgery centers (ASCs), and others. As a result, the demand for colonoscopy instruments in hospitals is more significant than in other end-use categories.

The Asia Pacific colonoscopy market holds a significant revenue share in the region.

The Asia Pacific colonoscopy market is expected to register the highest market share in revenue soon. The main reason for its strength is increased therapy rates, a high incidence of colorectal cancer growth in the country, and higher medical expenses compared to other prominent districts. Colon cancer increase is expected to be the third driving factor for disease passing in the global colonoscopy device market. Furthermore, rising healthcare expenditures and well-established healthcare infrastructure support the overall regional market's expansion to a great extent. In addition, North America is projected to grow rapidly in the global colonoscopy market. The sophisticated techniques that contribute to the growth of the Global Colonoscopy Device Market are a favorable healthcare situation, ease of use, qualified specialists' existence, significant manufacturers' presence, and the rising acceptance of MI surgical procedures.

Competitive Landscape

Some major key players in the Colonoscopy market are Olympus Corporation, Stryker, ESS Medical, Absolute Medical, Medical Recovery Company, Inc., PENTAX Medical, Pro Scope Systems, Endo Technologies, Med Wrench, LLC., Fujifilm Holdings Corporation, Hoya Corp, KARL STORZ SE & Co KG, SonoScape Medical Corp, Boston Scientific Corp, and SMART Medical Systems Ltd

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Colonoscopy Market Snapshot

Chapter 4. Global Colonoscopy Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Colonoscope

5.2.1.1. Flexible Non-Video (Fibre) Colonoscopes 

5.2.1.2. Flexible Video Colonoscopes

5.2.2. Visualization Systems

5.2.3. Others

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis

6.1. by Application & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

6.2.1. Colorectal Cancer Lynch Syndrome

6.2.2. Ulcerative Colitis

6.2.3. Crohn's Disease

6.2.4. Polyps or Colorectal Cancer

6.2.5. Others

Chapter 7. Market Segmentation 3: by End use Estimates & Trend Analysis

7.1. by End use & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End use:

7.2.1. Hospitals

7.2.2. Clinics

7.2.3. Ambulatory Surgery Centers

7.2.4. Others

Chapter 8. Colonoscopy Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.1.2. North America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.1.3. North America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by End use, 2022-2030

8.1.4. North America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.2. Europe

8.2.1. Europe Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.2.2. Europe Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.2.3. Europe Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by End use, 2022-2030

8.2.4. Europe Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.3.2. Asia Pacific Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.3.3. Asia-Pacific Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by End use, 2022-2030

8.3.4. Asia Pacific Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.4. Latin America

8.4.1. Latin America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.4.2. Latin America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.4.3. Latin America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by End use, 2022-2030

8.4.4. Latin America Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.5.2. Middle East & Africa Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.5.3. Middle East & Africa Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by End use, 2022-2030

8.5.4. Middle East & Africa Colonoscopy Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Olympus Corporation

9.2.2. Stryker

9.2.3. ESS Medical

9.2.4. Absolute Medical

9.2.5. Medical Recovery Company, Inc

9.2.6. PENTAX Medical

9.2.7. Pro Scope Systems

9.2.8. Endo Technologies

9.2.9. MedWrench

9.2.10. Hoya Corp

9.2.11. KARL STORZ SE & Co KG

9.2.12. SonoScape Medical Corp

9.2.13. Boston Scientific Corp

9.2.14. SMART Medical Systems Ltd

9.2.15. Other Prominent Players

By Product Type

  • Colonoscope 
    • Flexible Non-Video (Fibre) Colonoscopes 
    • Flexible Video Colonoscopes
  • Visualization Systems
  • Others

By Application

  • Colorectal Cancer Lynch Syndrome
  • Ulcerative Colitis
  • Crohn's Disease
  • Polyps or Colorectal Cancer
  • Others

By End Use

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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