Global Colonoscopy Devices Market Is Expected To Reach Around USD 2.41 Billion By 2025

25-Jun-2019 | Zion Market Research

Zion Market Research has published a new report titled “Colonoscopy Devices Market by Type (Visualization Systems, Colonoscope, and Other Instruments) and by End-User (Hospitals and Ambulatory Surgery Centers, Diagnostic Centers, Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global colonoscopy devices market was approximately USD 1.70 billion in 2018 and is expected to generate around USD 2.41 billion by 2025, at a CAGR of around 5.1% between 2019 and 2025.

Colonoscopy devices are used for detecting several diseases related to the colon. This device is disposable, thin, long, and flexible in the form of a controllable tube, which consists of a camera, light, and tools at the end. It is used in biopsies and other surgical procedures. The clinical administrator inserts the device into the rectum of the patient to observe the gastrointestinal tract, bowels, and anus to identify cancer or other abnormalities. It is used to remove polyps, which are very miniscule in size. Once removed, these polyps are observed under the microscope to determine the risk associated with it. Different instruments are being developed to increase visualization angles, such as endoscopes, colonoscopes with multiple lenses, short turn radius colonoscopes, and multiple accessory devices.

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Global Colonoscopy Devices Market

The colonoscopy devices market is divided into based on type and end-user. Based on type, the market is divided into visualization systems, colonoscope, and other instruments. Innovative instruments and procedures have been developed to remove drawbacks related to colon surgeries; some of them are advanced endoscopes and add-on instruments, which can be attached to colonoscopies during treatment. These instruments maximize the ability to penetrate and safely maneuver the insides of the rectum and remove the infected polyps. New types of colonoscopes have been developed with a wider view and more cameras to expand image transmission capabilities. A number of add-on devices are useful in the detection of lesions in colonic folds. These add-on devices are attached to a standard colonoscope. The end-user segment of the colonoscopy devices market comprises hospitals and ambulatory surgery centers, diagnostic centers, clinics, and others.

North America is a significant contributor to the global colonoscopy devices market, mainly due to increased detection of diseases like colorectal cancer and bleeding-related disorders. Additionally, the regional population is becoming more aware of the disorders related to colon and opts for regular intensive checkups. The European colonoscopy devices market holds a large share of globally, owing to the increasing government funding for intensive medical procedures. Companies in Europe are coming up with next-generation and innovative solutions to perform the rather uncomfortable and painful colonoscopies. Substantial developments witnessed related to new types of multi-use and single-use devices has also resulted in the steady growth of the European market.

Some key players operating in the global colonoscopy devices market are Endomed Systems, HOYA Group, Olympus, Boston Scientific, Karl Storz, Avantis Medical Systems, Fujifilm Holdings, and Getinge Group.

This report segments the global colonoscopy devices market as follows:

Global Colonoscopy Devices Market: By Type

  • Visualization systems
  • Colonoscope
  • Other instruments

Global Colonoscopy Devices Market: By End-User

  • Hospitals and Ambulatory Surgery Centers
  • Diagnostic Centers
  • Clinics
  • Others

Global Colonoscopy Devices Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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