Global Colonoscopes Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s colonoscopes market report forecasts the colonoscopes market size to grow to $2.20 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.
Learn More On The Colonoscopes Market Report 2023 – https://www.thebusinessresearchcompany.com/report/colonoscopes-global-market-report
Colonoscopes Market Size Forecast
The global colonoscopes market is expected to grow from $1.70 billion in 2022 to $1.80 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global colonoscopes market is expected to grow to $2.20 billion in 2027 at a CAGR of 5.2%.
North America held the largest colonoscopes market share.
Key Colonoscopes Market Driver – Increase In The Prevalence Of Colorectal Cancer
According to a data released by the American Society of Clinical Oncology (ASCO), a professional organisation based in the United States, colorectal cancer is diagnosed in 1,880,725 people in 2020. Furthermore, in 2022, 151,030 people were diagnosed with colorectal cancer, with 52,580 dying, and the figure is predicted to climb in the next years. As a result, the rising prevalence of colorectal cancer is propelling the colonoscopes market forward.
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Key Colonoscopes Market Trend – Product Innovation
Major colonoscope firms are focusing on producing unique solutions to increase their market position. For example, in November 2021, Fujifilm Holdings Corporation., a Japanese business specialising in colonoscopes, developed ColoAssist PRO, an endoscopic visualisation system. Its purpose is to help healthcare workers manoeuvre the colonoscope inside the patient more efficiently and correctly. The use of electromagnetic coils, integration into the transceiver dish, and a user-friendly interface are among the distinguishing features. It also includes a colour gradation function to let the treatment continue while maybe reducing discomfort for the patient.
Colonoscopes Market Segment
1) By Product Type: Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices
2) By Technology: Instruments, Accessories, Colonoscopy Devices Service
3) By Application: Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn’s Disease, Polyp
4) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Other End Users
Colonoscopes Market Major Players and Strategies
Major players in the colonoscopes market are Fujifilm Holdings Corporation, Karl Storz SE & Co. KG, Olympus Corporation, Endomed Systems GmbH, Boston Scientific Corporation, Avantis Group, Hoya Corporation, SonoScape Medical Corp., PENTAX Medical, Getinge AB, Consis Medical, Endo Technologies, Ambu A/S, Huger Medical Instrument Co. Ltd., InMotion Medical Inc., Steris Corporation, ESS Inc., Absolute Medical Inc., Medical Recovery Company Inc., Pro Scope Systems, and MedWrench LLC.
Laborie Medical Technologies Inc., a Canadian medical equipment manufacturer, bought GI Supply Inc. in April 2022 for an unknown sum. Laborie Medical technology Corp. aspires to provide cutting-edge technology that promote the preservation and restoration of human dignity, as well as the betterment of lives, through this purchase by providing clinical clients’ patients with the best solutions for their needs. GI Supply Inc. is a medical equipment manufacturer based in the United States that offers specialist endoscopy and paracentesis items to gastroenterologists and colorectal surgeons.
The Colonoscopes Global Market Report 2023 covers regional data on colonoscopes market size, colonoscopes market trends and drivers, opportunities, strategies, and colonoscopes market competitor analysis. The countries covered in the colonoscopes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A colonoscope is a small, tube-shaped instrument that has a light and a viewing lens. It is used to detect bowel cancer and polyps in the colon, as well as to help diagnose symptoms such as blood in the stool, unexplained diarrhoea, and abdominal pain.
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