Global Colonoscopes Market Size To Worth USD 2.87 Billion By 2033 | CAGR of 7.52%
Category: HealthcareGlobal Colonoscopes Market Size To Worth USD 2.87 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Colonoscopes Market Size is Expected to Grow from USD 1.39 Billion in 2023 to USD 2.87 Billion by 2033, at a CAGR of 7.52% during the forecast period 2023-2033.
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Browse 260 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the "Global Colonoscopes Market Size, Share, and COVID-19 Impact Analysis, By Type (Fiber Optic Colonoscopes and Video Colonoscopes), By Procedure Type (Therapeutic and Diagnostic), By Age Group (Pediatric and Adult), By Application (Crohn’s Disease, Colorectal Cancer, Ulcerative Colitis, Lynch Syndrome, Polyps, and Others), By End-User (Ambulatory Surgical Centers, Hospitals & Clinics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/colonoscopes-market
The colonoscope market is a growing industry that manufactures and commercializes flexible tube-like structures called colonoscopes for visualization of internal organ linings, aiding in the diagnosis and treatment of various diseases. The Indian government has launched the Medical Access and Assistance (MAA) scheme to increase free diagnostic tests at government-run health centers, benefiting around 2 crore residents annually. The global increase in colorectal cancer cases and screening activities drives the demand for colonoscopy procedures. The CDC's Colorectal Cancer Control Program (CRCCP) aims to increase colorectal cancer screening rates among high-need groups, reducing the burden of colorectal cancer for millions of Americans. The increasing prevalence of inflammatory bowel diseases also drives the need for colonoscopes, as they detect inflammation, ulcers, and other IBD abnormalities in the colon and terminal ileum. Technological advancements have accelerated the colonoscope market, enabling the development of innovative products and techniques. High-definition imaging systems, narrow-band imaging, virtual colonoscopy, and AI-driven endoscope design have improved visualization, patient comfort, and procedure accuracy. These innovations continue to drive the market, enabling the detection and diagnosis of abnormalities. However, invasive procedures and bleeding complications may impede the market growth.
The video colonoscopes segment held the largest share of 75.01% in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the type, the global colonoscopes market is categorized as fiber optic colonoscopes and video colonoscopes. Among these, the video colonoscopes segment held the largest share of 75.01% in 2023 and is predicted to grow at a significant CAGR during the predicted period. The segment’s expansion is due to its precision, magnification, and ease of operation, eliminating the need for anesthetic agents and capturing real-time assessment of the lower digestive tract.
The diagnostic segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the procedure type, the global colonoscopes market is categorized as therapeutic and diagnostic. Among these, the diagnostic segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The growth of the segment is driven by the rise in colorectal cancer, inflammatory bowel diseases, and the increasing use of colonoscopy for early cancer detection and early disease detection.
The adult segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on age, the global colonoscopes market is categorized as pediatric and adult. Among these, the adult segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The growth of the segment is driven by the rise in chronic diseases like colorectal cancer due to factors like sedentary lifestyles, lack of physical activity, immunity, poor diet, low fiber intake, alcoholic consumption, obesity, and genetics.
The colorectal cancer segment held the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the application, the global colonoscopes market is categorized as Crohn’s disease, colorectal cancer, ulcerative colitis, lynch syndrome, polyps, and others. Among these, the colorectal cancer segment held the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The segment expansion is attributed to dietary habits, colonoscope innovations, biomarker research, aesthetic living, early disease detection, and demand for diagnostic tests for colorectal cancer screening.
The hospitals & clinics segment accounted for the greatest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the end-user, the global colonoscopes market is categorized as ambulatory surgical centers, hospitals & clinics, and others. Among these, the hospitals & clinics segment accounted for the greatest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The sector's growth is accelerated by the availability of advanced medical facilities, oncologists, and proctologists, increasing in-patient and out-patient services, demand for modern staff, and improved patient outcomes.
North America is expected to hold the greatest share of the global colonoscopes market over the forecast period.
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North America is expected to hold the greatest share of the global colonoscopes market over the forecast period. The rising prevalence of colorectal cancer in America, the demand for colonoscopy diagnostic tests, and the geriatric population are driving the demand for advanced colonoscopy devices. North America's leading healthcare sector, with significant investments in medical imaging technologies and endoscopy equipment, facilitates technological advancements and research. As these factors shape the healthcare landscape, the market is expected to thrive.
Asia Pacific is predicted to hold the fastest-growing region of the global colonoscopes market throughout the estimated period. The colonoscopes market is growing in emerging markets like India and China due to rising demand for minimally invasive procedures, growing healthcare expenditures, and large patient populations. China's increasing incidence of colorectal cancer and aging population, particularly those over 65, drive demand for colonoscopy services for early detection and treatment of age-related gastrointestinal disorders.
Major key players in the global colonoscopes market are Pentax Medical, Smith Nephew plc, Cantel Medical Corp., Olympus Corporation, Boston Scientific Corporation, Stryker Corporation, Karl Storz GmbH Co. KG, Medtronic plc, Fujifilm Holdings Corporation, Teleflex Incorporated, Smith Nephew plc, Applied Medical Technologies, Inc., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, Odin Medical Ltd. received FDA 510(k) clearance for the CADDIE™ computer-aided detection (CADe) device, the first cloud-based AI technology to assist gastroenterologists in detecting suspected colorectal polyps during [PV1] colonoscopy procedures.
- In April 2021, Fujifilm Medical Systems launched the G-EYE® 700 Series Colonoscope, a technology developed by Smart Medical for visualization, stabilization, and control during routine examinations. The technology has been shown to improve polyp detection compared to standard colonoscopy, expanding [PV2] Fujifilm's innovative colonoscope portfolio offering.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global colonoscopes market based on the below-mentioned segments:
Global Colonoscopes Market, By Type
- Fiber Optic Colonoscopes
- Video Colonoscopes
Global Colonoscopes Market, By Procedure Type
- Therapeutic
- Diagnostic
Global Colonoscopes Market, By Age
- Pediatric
- Adult
Global Colonoscopes Market, By Application
- Crohn’s Disease
- Colorectal Cancer
- Ulcerative Colitis
- Lynch Syndrome
- Polyps
- Others
Global Colonoscopes Market, By End-User
- Ambulatory Surgical Centers
- Hospitals & Clinics
- Others
Global Colonoscopes Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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