The “Global Projection 2021-2027 for Colonoscopy Apparatus Market: Trends, Industry Expansion, COVID-19 Influence, Analyzing Prospects” dossier has been incorporated into the array of offerings by Coherent Market Insights.
This comprehensive document presents extensive insights into the realm of Colonoscopy Apparatus Industry. The market is anticipated to attain a valuation of approximately US$ 3,575.0 Million by the year 2027.
Colonoscopy devices stand as the benchmark for preventing colorectal cancer. Colorectal cancer ranks as the third most prevalent form of cancer, affecting both men and women globally each year. According to the World Health Organization, the year 2020 witnessed approximately 1.93 million new cases of colorectal cancer and a grim toll of over 935,000 deaths across the world. Furthermore, colonoscopy devices are instrumental in endoscopic examinations of the lower portions of the small and large intestines, utilizing fiber optic or CCD cameras attached to a flexible tube that is gently introduced through the anus. This technique facilitates precise diagnosis and treatment without necessitating invasive surgery.
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Several key factors are propelling the expansion of the market, including the growing preference for minimally invasive methodologies, the increasing prevalence of colorectal cancer, and advancements in technology. Anticipated introductions of promising pipeline contenders, the emergence of cutting-edge therapeutic approaches, and favorable governmental initiatives are poised to stimulate the market’s growth trajectory.
In terms of product classification, colonoscopy devices are categorized into Visualization Systems, Colonoscopes, and other variants. The segment of Visualization Systems is projected to exhibit the most rapid growth due to the heightened demand for high-definition visualization systems. These systems have garnered popularity among medical practitioners due to their efficacy in diagnosing and treating intricate conditions like Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, and more. Additionally, colonoscope devices are employed to detect abnormalities within the upper sections of the colonic folds, either by providing a retrograde view of the lumen or by straightening the haustral folds during withdrawal.
Moreover, hospitals constitute the primary cornerstone of the global healthcare infrastructure. The volume of colorectal surgeries performed within hospitals surpasses those conducted in alternative health systems such as clinics, ambulatory surgical centers (ASCs), and others. Consequently, the demand for colonoscopy devices within hospital settings outweighs that observed in other end-use sectors.
The United States leads the North American market in terms of colonoscopy devices, driven by escalating treatment rates, amplified healthcare expenditure, and a robust healthcare framework. Moreover, the United States faces a high incidence of colorectal cancer, positioning it as a primary contributor to cancer-related fatalities. As per data from the National Center for Health Statistics, 2020 saw 147,950 cases of colorectal cancer diagnoses and 53,200 resultant deaths, including 17,930 cases and 3,640 deaths among individuals under 50 years of age.
Assessing the ramifications of the COVID-19 pandemic on the Colonoscopy Apparatus Industry reveals a direct impact on healthcare practices. Colonoscopy, a pivotal tool in the diagnosis and management of colorectal cancer, faced constraints due to the pandemic in 2020. Non-urgent procedures were either postponed or substituted with alternative biomarkers. This phenomenon primarily led to a decline in the colonoscopy device market in 2020. However, a resurgence with a substantial growth rate was witnessed in 2021.
Insights into Major Companies in the Worldwide Colonoscopy Devices Market
The competition within the international market for colonoscopy devices is robust. This can be attributed to the escalating global demand for such devices. Consequently, industry participants are placing their focus on the innovation and introduction of fresh products to the market.
Several prominent contenders in the global colonoscopy devices market encompass Karl Storz SE & Co. KG, Olympus Corporation, Endo Med Systems GmbH, HOYA Corporation, Getinge AB, Avantis Medical Systems, Boston Scientific Corporation, and FUJIFILM Holdings Corporation.
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Key Topics Covered:
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
5. Global Colonoscopy Devices Market
6. Market Share – Colonoscopy Devices
6.1 By Product
6.2 By Application
6.3 By Region
6.4 By End-User
7. Product – Colonoscopy Devices Market
7.1 Visualization system
8. Application – Colonoscopy Devices Market
8.1 Colorectal cancer
8.2 Lynch syndrome
8.3 Ulcerative colitis
9. End User – Colonoscopy Devices Market
9.3 Ambulatory surgery center
10. Region – Colonoscopy Devices Market
10.1 North America
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East & Africa
11. Company Analysis
11.1 Boston Scientific Corporation
11.1.2 Recent Development
11.1.3 Sales Analysis
11.2.2 Recent Development
11.2.3 Sales Analysis
11.3 Steris Plc
11.3.2 Recent Development
11.3.3 Sales Analysis
11.4.2 Recent Development
11.4.3 Sales Analysis
11.5.2 Recent Development
11.5.3 Sales Analysis
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