Europe Colorectal Procedure Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Endoscopes, Electrosurgery Devices, Handheld Devices & Visual Systems, Sealing & Stapling Devices, Ligation Clips and Dilators & Speculas, Cutters and Shears, Accessories, and Others), Surgery Type (Right Hemicolectomy, Left Hemicolectomy, Subtotal Colectomy, Low Anterior Resection, Abdomino-Perineal Resection, and Others), End User (Hospitals & Clinics, Surgery Centers, and Others), and Indication (Colon Polyps, Crohn's Disease, Colorectal Cancer, Colitis, Irritable Bowel Syndrome, and Other Indications)
The colorectal procedure market in Europe is projected to grow from US$ 5,067.96 million in 2022 to US$ 10,520.15 million by 2028. It is estimated to grow at a CAGR of 12.9% from 2022 to 2028.
New Product Launches Fuel Europe Colorectal Procedure Market Growth
Major companies in the colorectal procedure market players manufacture a wide range of devices that help reduce the burden of colorectal cancer and other associated indications, such as colon polyps, Crohn’s disease, colitis, and irritable bowel syndrome. In April 2020, Olympus Corporation announced the launch of EVIS X1. This system helps improve the outcomes of the treatment of stomach, colon, esophagus, and bronchial diseases. It has various features such as extended depth of field (EDOF), red dichromatic imaging (RDI), texture and color enhancement imaging (TXI), and narrow-band imaging (NBI). The launch of EVIS X1 helped Olympus strengthen its leadership in the medical device industry, especially in the endoscopy segment.
Moreover, in September 2020, Olympus Corporation announced the launch of ENDO-AID, a cutting-edge platform powered by artificial intelligence (AI); it includes the endoscopy application ENDO-AID CADe (computer-aided detection) for the colon. This new AI platform works in combination with the recently introduced EVIS X1 and enables the real-time display of automatically detected suspicious lesions. Thus, such developments and new product launches for managing colorectal-associated indications are driving the colorectal procedural market growth in Europe.
Market Overview
The Europe colorectal procedure market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The market growth in this region is ascribed to ongoing collaborations supported by governments for the research and investigation in the extensive oncology research.
Europe Colorectal Procedure Market Revenue and Forecast to 2028 (US$ Million)
Europe Colorectal Procedure Market Segmentation
The Europe colorectal procedure market is segmented on the basis of product, surgery type, end user, indication, and country. Based on product, the market is divided into endoscopes, electrosurgery devices, handheld devices and visual systems, sealing and stapling devices, ligation clips and dilators & speculas, cutters and shears, accessories, and others.
In terms of surgery type, the Europe colorectal procedure market is segmented into right hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (endoscopic surgery).
The Europe colorectal procedure market, based on end user, is segmented into hospitals and clinics, surgery centers, and others.
Based on indication, the market is segmented into colon polyps, Crohn's disease, colorectal cancer, colitis, irritable bowel syndrome, and other indications. Based on country, the market is segmented into France, Germany, Italy, Spain, UK, and the Rest of Europe. Germany dominated the market share in 2022. B. Braun Melsungen AG; Boston Scientific Corporation; Cardinal Health Inc.; CooperSurgical, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Medtronic; Olympus Corporation; SAFEHEAL; and Suturion AB are the leading companies operating in the colorectal procedure market in Europe.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe colorectal procedure market
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Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the colorectal procedure market, as well as those hindering it
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