Dublin, June 02, 2023 (GLOBE NEWSWIRE) -- The "Global Colonoscopes Market Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global colonoscopes market, which was valued at USD 30.57 billion in 2021, is expected to reach USD 43.01 billion by 2027 at a CAGR of 4.71%.
Companies Mentioned
- Olympus Corporation (Japan)
- Endomed Systems GmbH (Germany)
- Boston Scientific Corporation (U.S.)
- Avantis Group (France)
- HOYA Corporation (Japan)
- Getinge AB (Sweden)
- SonoScape Medical Corp. (China)
- Endo Technologies (U.S.)
- Smart Medical Systems Ltd
- GI-View
Colonoscopy is a sort of endoscopic inspection method that looks into the distal portions of the small and large intestines using a charge-coupled device (CCD) camera or a fiber optic camera mounted on a flexible tube that is passed via the anus. The most typical application of a colonoscopy is for colorectal cancer screening.
A colonoscopy can find polyps in the colon, tumors, and other bleeding or inflamed areas. The length of the flexible, thin colonoscope tube varies from 125 cm to 183 cm. The colonoscopy tool's tip is equipped with a video camera, enabling the doctor to record and see videos or pictures of the colon.
Market Drivers
Virtual colonoscopes have helped to increase patient adherence and compliance. Instead of having to insert colonoscopy instruments down the colon, these colonoscopes use CT or MRI to produce 2D and 3D images of the gut. The popularity of virtual colonoscopes is also influenced by several other reasons, including quick procedures, enhanced detection, expanded accessibility, higher screening rates, and high safety.
The adoption of virtual colonoscopies will also be accelerated by favourable CMS payment coverage and endorsements from healthcare groups. This will rank among the most significant market trends for colonoscopies over the following five years. Minimally invasive operations are becoming increasingly popular than open surgical procedures due to advantages such as lower anesthetic requirements, shorter hospital stays, and faster recovery times.
Laparoscopic and robotic surgery are also gaining popularity since they give 3D visualization as well as excellent dexterity and flexibility in instrument utilization for pelvic procedures. As the need for minimally invasive surgeries develops, so will the demand for colonoscopies. As a result, the colonoscopes market will expand throughout the forecast period.
Market Restraints
The market for colonoscopes is severely challenged by the hazards associated with colonoscopies. However, a shortage of qualified healthcare professionals for colonoscopy will be the key factor limiting the growth of the colonoscopes market throughout the projection period.
Market Segmentation
By Product Type
- Fiber Optic Colonoscopy Devices
- Video Colonoscopy Devices
By Technology
- Instruments
- Accessories
- Colonoscopy Devices Service
By Application
- Colorectal Cancer
- Lynch Syndrome
- Ulcerative Colitis
- Crohn's Disease
- Polyp
By End-User
- Hospitals
- Ambulatory surgery centers
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/ml75yb
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