Colonoscopy Devices Market Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis
Colonoscopy Devices Market is projected to reach US$ 2,031.96 Million by 2027. Today, colonoscopy is a vital tool used in the modern medical industry. It is a therapeutic and diagnostic procedure performed to evaluate the large intestine (i.e., rectum, colon, and anus) and the distal portion of the small intestine. Colonoscopy devices comprise a flexible, long, and thin tube, with a light, camera, and tools placed at one end of the tube. These devices can be used to remove polyps, which can subsequently be examined under the microscope to identify the presence of an infection. The procedures are conducted under mild sedation in hospitals, clinics, ambulatory surgery centers, etc.
Colonoscopy Devises Market was US$ 1,513.76 Million in 2021
Significant factors driving the market growth include various instruments developed for enhancing visualization angles, including short-run radius endoscopes, colonoscopes, colonoscopy devices with several lenses, and different accessory devices. In recent years, innovative procedures and instruments have been rolled out to remove the barriers to colon surgeries. Recent technological advancements have resulted in the growth of advanced colonoscopy devices and accessories, which can be connected to colonoscopes at the time of treatment.
COVID-19 Impact
The colonoscopy devices market has declined in the year 2020. Colonoscopy, the mainstay for the therapeutic and diagnostic of colorectal cancer, is cam under pressure from COVID-19. The scenario has adversely impacted the colonoscopy devices market because hospitals were open only for COVID-19 patients, without a timely screening of undiagnosed patients at a high risk of facing adverse effects of the condition. In addition, extended wait for treatment increases the risk of cancer progression among patients. The scenario has impacted the colonoscopy devices market.
Colonoscopy Devices Industry is likely to grow with a CAGR of 5.03% during 2022-2027
Based on product, visualization systems will emerge as a prominent product segment for the colonoscopy devices industry. Owing to their robust use in detecting cancer associated with the rectum, anus, and bowels. Further, the increase in approvals for advanced visualization systems will augment the industry outlook. Fujifilm Medical Systems U.S.A., Inc received U.S. FDA approval in 2021, for its Oxygen Saturation Endoscopic Imaging System, a novel image enhancement technology designed to enhance visualization during gastrointestinal colorectal and advanced surgical and endoscopy procedures.
On the basis of application, colorectal cancer represents the most prominent application for colonoscopy devices, caused by the rising prevalence of colorectal cancer worldwide. In contrast to invasive surgeries, colonoscopy techniques do not need any incision, which is likely to boost the demand for colonoscopy devices significantly augment the demand for colonoscopy devices.
Colonoscopy Devises Market: Geographically Assessment
The colonoscopy devices market is segmented in different geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds an influential position in the colonoscopy devices market due to rising cases of rectal disorders, expanded production of colonoscopy devices, developed healthcare systems, and growing emphasis on innovative products development. Moreover, the government is also conducting various programs to increase awareness about colon disorders among the regional population. Besides, the Asia Pacific is also expected to grow on the back of better hospitals, infrastructure, and healthcare facilities in the region rapidly.
Renub Research latest report “Colonoscopy Devices Market By Product (Visualization system, Colonoscope and Others), Application (Colorectal cancer, Lynch syndrome, Ulcerative colitis and other), End User (Hospitals, Clinic, Ambulatory surgery center and others), Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa), Company Analysis (Boston Scientific Corporation, Medtronic, Steris Plc, Olympus and Hoya)” provides comprehensive details about Colonoscopy Devices Industry.
Product – Market has been covered from 3 viewpoints
1. Visualization system
2. Colonoscope
3. Others
Application – Market has been covered from 4 viewpoints
1. Colorectal cancer
2. Lynch syndrome
3. Ulcerative colitis
4. Other
End User - Market has been covered from 4 viewpoints
1. Hospitals
2. Clinic
3. Ambulatory surgery center
4. Others
Region - Market has been covered from 5 viewpoints
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa
All companies have been covered into 3 viewpoints
• Overviews
• Recent Developments
• Revenues
Company Analysis
1. Boston Scientific Corporation
2. Medtronic
3. Steris Plc
4. Olympus
5. Hoya
- 1. Introduction
- 2. Research & Methodology
- 3. Executive Summary
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
- 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
- 7.2 Colonoscope
- 7.3 Others
- 8. Application - Colonoscopy Devices Market
- 8.1 Colorectal cancer
- 8.2 Lynch syndrome
- 8.3 Ulcerative colitis
- 8.4 Other
- 9. End User - Colonoscopy Devices Market
- 9.1 Hospitals
- 9.2 clinic
- 9.3 Ambulatory surgery center
- 9.4 Others
- 10. Region - Colonoscopy Devices Market
- 10.1 North America
- 10.2 Europe
- 10.3 Asia Pacific
- 10.4 Latin America
- 10.5 Middle East & Africa
- 11. Company Analysis
- 11.1 Boston Scientific Corporation
- 11.1.1 Overview
- 11.1.2 Recent Development
- 11.1.3 Sales Analysis
- 11.2 Medtronic
- 11.2.1 Overview
- 11.2.2 Recent Development
- 11.2.3 Sales Analysis
- 11.3 Steris Plc
- 11.3.1 Overview
- 11.3.2 Recent Development
- 11.3.3 Sales Analysis
- 11.4 Olympus
- 11.4.1 Overview
- 11.4.2 Recent Development
- 11.4.3 Sales Analysis
- 11.5 Hoya
- 11.5.1 Overview
- 11.5.2 Recent Development
- 11.5.3 Sales Analysis
- List of Figures:
- Figure-01: Global – Colonoscopy Devices Market (Million US$), 2017 – 2022
- Figure-02: Global – Forecast for Colonoscopy Devices Market (Million US$), 2023 – 2027
- Figure-03: Product – Visualization System Market (Million US$), 2017 – 2022
- Figure-04: Product – Forecast for Visualization System Market (Million US$), 2023 – 2027
- Figure-05: Product – Colonoscope Market (Million US$), 2017 – 2022
- Figure-06: Product – Forecast for Colonoscope Market (Million US$), 2023 – 2027
- Figure-07: Product – Others Market (Million US$), 2017 – 2022
- Figure-08: Product – Forecast for Others Market (Million US$), 2023 – 2027
- Figure-09: Application – Colorectal Cancer Market (Million US$), 2017 – 2022
- Figure-10: Application – Forecast for Colorectal Cancer Market (Million US$), 2023 – 2027
- Figure-10: Application – Lynch Syndrome Market (Million US$), 2017 – 2022
- Figure-12: Application – Forecast for Lynch Syndrome Market (Million US$), 2023 – 2027
- Figure-13: Application – Ulcerative Colitis Market (Million US$), 2017 – 2022
- Figure-14: Application – Forecast for Ulcerative Colitis Market (Million US$), 2023 – 2027
- Figure-15: Application – Other Market (Million US$), 2017 – 2022
- Figure-16: Application – Forecast for Other Market (Million US$), 2023 – 2027
- Figure-17: End User – Hospitals Market (Million US$), 2017 – 2022
- Figure-18: End User – Forecast for Hospitals Market (Million US$), 2023 – 2027
- Figure-19: End User – Clinic Market (Million US$), 2017 – 2022
- Figure-20: End User – Forecast for Clinic Market (Million US$), 2023 – 2027
- Figure-21: End User – Ambulatory Surgery Center Market (Million US$), 2017 – 2022
- Figure-22: End User – Forecast for Ambulatory Surgery Center Market (Million US$), 2023 – 2027
- Figure-23: End User – Others Market (Million US$), 2017 – 2022
- Figure-24: End User – Forecast for Others Market (Million US$), 2023 – 2027
- Figure-25: North America – Colonoscopy Devices Market (Million US$), 2017 – 2022
- Figure-26: North America – Forecast for Colonoscopy Devices Market (Million US$), 2023 – 2027
- Figure-27: Europe – Colonoscopy Devices Market (Million US$), 2017 – 2022
- Figure-28: Europe – Forecast for Colonoscopy Devices Market (Million US$), 2023 – 2027
- Figure-29: Asia Pacific – Colonoscopy Devices Market (Million US$), 2017 – 2022
- Figure-30: Asia Pacific – Forecast for Colonoscopy Devices Market (Million US$), 2023 – 2027
- Figure-31: Latin America – Colonoscopy Devices Market (Million US$), 2017 – 2022
- Figure-32: Latin America – Forecast for Colonoscopy Devices Market (Million US$), 2023 – 2027
- Figure-33: Middle East & Africa – Colonoscopy Devices Market (Million US$), 2017 – 2022
- Figure-34: Middle East & Africa – Forecast for Colonoscopy Devices Market (Million US$), 2023 – 2027
- Figure-35: Boston Scientific Corporation – Global Revenue (Million US$), 2017 – 2022
- Figure-36: Boston Scientific Corporation – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-37: Medtronic – Global Revenue (Million US$), 2017 – 2022
- Figure-38: Medtronic – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-39: Steris Plc – Global Revenue (Million US$), 2017 – 2022
- Figure-40: Steris Plc – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-41: Olympus – Global Revenue (Million US$), 2017 – 2022
- Figure-42: Olympus – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-43: Hoya – Global Revenue (Million US$), 2017 – 2022
- Figure-44: Hoya – Forecast for Global Revenue (Million US$), 2023 – 2027
- List of Tables:
- Table-01: Global – Colonoscopy Devices Market Share by Product (Percent), 2017 – 2022
- Table-02: Global – Forecast for Colonoscopy Devices Market Share by Product (Percent), 2023 – 2027
- Table-03: Global – Colonoscopy Devices Market Share by Application (Percent), 2017 – 2022
- Table-04: Global – Forecast for Colonoscopy Devices Market Share by Application (Percent), 2023 – 2027
- Table-05: Global – Colonoscopy Devices Market Share by Region (Percent), 2017 – 2022
- Table-06: Global – Forecast for Colonoscopy Devices Market Share by Region (Percent), 2023 – 2027
- Table-07: Global – Colonoscopy Devices Market Share by End-User (Percent), 2017 – 2022
- Table-08: Global – Forecast for Colonoscopy Devices Market Share by End-User (Percent), 2023 – 2027
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook