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Colonoscopy Devices Market Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 120 Pages
  • October 2022
  • Region: Global
  • Renub Research
  • ID: 5680494

Colonoscopy Devices Market Size was US$ 1,513.76 Million in 2021. Industry Trends By Product, Application, End User, Impact of Inflation, Company Analysis, Global Forecast 2023-2027

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: Geographical 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.

The publisher's 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

Table of Contents

1. Introduction2. Research & Methodology3. 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

Companies Mentioned

  • Boston Scientific Corporation
  • Medtronic
  • Steris Plc
  • Olympus
  • Hoya

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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