Colorectal Surgery Market Size, Share & Trends Analysis Report By Product (Endoscopes, Electrosurgical Devices), By Surgery Type (Right Hemicolectomy, Left Hemicolectomy), By Indication, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Colorectal Surgery Market Size, Share & Trends Analysis Report By Product (Endoscopes, Electrosurgical Devices), By Surgery Type (Right Hemicolectomy, Left Hemicolectomy), By Indication, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Colorectal Surgery Market Growth & Trends

The global colorectal surgery market size is anticipated to reach USD 36.6 billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing prevalence of colorectal diseases, including colorectal cancer, inflammatory bowel disease (IBD), and diverticulitis, is a major driver. Colorectal cancer is one of the most common cancers globally, with the World Health Organization (WHO) reporting over 1.9 million new cases and nearly 1 million deaths in 2020. This high incidence creates a substantial demand for surgical interventions.

Technological advancements also play a crucial role. Innovations in minimally invasive surgical techniques, such as laparoscopic and robotic-assisted surgeries, have improved precision and patient outcomes, reducing recovery times and complications. The integration of advanced imaging technologies, like high-definition and 4K endoscopy, enhances diagnostic accuracy, further driving the adoption of these technologies.

Regulatory support and government initiatives are significant growth drivers as well. For example, the U.S. Preventive Services Task Force (USPSTF) recently lowered the recommended screening age for colorectal cancer to 45, increasing the demand for diagnostic and surgical procedures. Similarly, various European countries have implemented national screening programs that encourage early detection and treatment of colorectal cancer, supporting market expansion. Recent developments, such as the launch of AI-assisted endoscopy systems like Olympus' EVIS X1, are also enhancing market growth. These innovations offer real-time data and improved visualization, aiding in the early detection and treatment of colorectal conditions.

Colorectal Surgery Market Report Highlights

• Based on product, the endoscopes segment dominated the market with a substantial share of 31.7% in 2023, driven by the increasing adoption of minimally invasive procedures, where endoscopes play a crucial role
• Based on surgery type, the subtotal hemicolectomy segment held the largest revenue share of 28% in 2023
• Based on indication, the colorectal cancer segment dominated the market in 2023. This is primarily attributed to the high prevalence of colorectal cancer, advancements in early detection and treatment, and significant investments in research and development

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