Emphasis on Product (Fiber Optic Colonoscopy Devices and Video Colonoscopy Devices); Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn’s Disease, Polyps, and Others); End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others); Region (North America, Europe, Asia-Pacific, Rest of the World); and Region/Country
The global colonoscopes market is expected to grow at a significant rate of around 5% during the forecast period. The colonoscope is a long, flexible tube, equipped with an imaging system at its tip based on a camera and a source of light. The colonoscope is inserted and moves slowly through the intestine, under visual control, into the rectum, and reaches to the cecum through the colon. The demand for colonoscopes is upsurging due to the rising prevalence of colorectal diseases. For instance, as per Medline Plus, In the United States, it is estimated that 1 in 279 individuals have a genetic variant associated with Lynch syndrome and it increases the risk of colorectal cancer by up to 80%. Furthermore, the changing lifestyle of people and increasing fast food are supplementary factors driving the market of colonoscopes.
Olympus Corporation; Stryker; ABSOLUTE MEDICAL SERVICES; Medical Recovery Company, Inc; PENTAX Medical; Pro Scope Systems; Endo Technologies; SonoScape Medical Corp; Boston Scientific Corporation; and KARL STORZ. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product, video colonoscopy devices category to witness higher CAGR during the forecast period”
Based on the product, the market has been categorized into fiber optic colonoscopy devices and video colonoscopy devices. Among them, the video colonoscopy devices segment is expected to grow at the highest CAGR in the market. Video colonoscopy is a technique that uses a computerized tomographic (CT) scan to construct virtual images of the colon. The improving diagnostic imaging and increasing demand for advanced medical equipment attributes to the growth of the segment.
“Amongst End-user, diagnostic imaging centers segment to hold a higher CAGR during the forecast period”
Based on the end-user, the market has been categorized into hospitals & clinics, ambulatory surgical centers, and others. Among them, the ambulatory surgical center’s segment grow with higher CAGR during the forecast period. The ambulatory care settings provide the point of care treatment, offer low-cost treatment, and reduce waiting time in emergency cases. These factors are responsible for the segmental growth of ambulatory surgical centers.
“Asia Pacific to witness the fastest growth in the market”
Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as rising medical expenditure, increasing disposable income of people, along with frequent product launches attribute to the market growth of colonoscopes in the region. For instance, in August 2022, Medtronic launched AI Powered GI Genius Module for Colonoscopy that offers enhanced visualization for the detection of colorectal cancer in India.
Reasons to buy this report:
Customization Options:
The global colonoscopes market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Colonoscopes Market
6. Colonoscopes Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Product
8. Market Insights By Application
9. Market Insights By End-user
10. Market Insights By Region
11. Colonoscopes Market Dynamics
12. Colonoscopes Market Opportunities
13. Colonoscopes Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Colonoscopes Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global colonoscopes market were the three major steps undertaken to create and analyze the adoption of colonoscopes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global colonoscopes market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the colonoscopes market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the colonoscopes market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the colonoscopes market. Further, we conducted factor analysis using dependent and independent variables such as the product, application, and end-user of colonoscopes. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the colonoscopes market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global colonoscopes market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global colonoscopes market. Data was split into several segments & sub-segments post studying various parameters and trends in the product, application, and end-user in the global colonoscopes market.
The main objective of the Global Colonoscopes Market Study
The current & future market trends of the global colonoscopes market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Customers who bought this item also bought
Antibiotic Resistance Market: Current Analysis and Forecast (2024-2032)
Emphasis on Disease Type (Urinary Tract Infections, Intra-Abdominal Infections, Blood Stream Infections, Clostridium Difficile Infections, And Others); Pathogen Type (Acinetobacter baumannii, Pseudomonas aeruginosa, Staphylococcus aureus, Streptococcus pneumoniae, and Others); Drug Class (Oxazolidinones, Lipoglycopeptides, Tetracyclines, and Others); and Region/Country
October 8, 2024
