Report : Colonoscopes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices); Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyp); End User (Hospitals, Ambulatory Surgery Center, Others), and Geography
According to our latest study on “Colonoscopes Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Application, End User, and Geography,” the market is projected to reach US$ 2,005.32 million by 2028 from US$1,467.66 million in 2021; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report highlights the key factors governing the market growth and prominent players with their developments in the market. The growth of the colonoscopes market is primarily attributed to increase in the prevalence of colorectal cancer and continuous technological advancements in colonoscopy devices. However, the availability of alternative diagnostic tests for rectal diseases hampers the growth of the market.
Based on product type, the colonoscopes market is further segmented into fiber optic colonoscopy devices and video colonoscopy devices. The fiber optic colonoscopy devices segment would hold a larger market share in 2021. The growth of the market for this segment is attributed to global increase of colorectal cancer, inflammatory bowel disease, and other colon-related illnesses.
Fujifilm Corporation, Olympus Corporation, KARL STORZ SE & Co. KG, EndoMed Systems, PENTAX Medical, Consis Medical, GI-View, Boston Scientific Corporation, Ambu A/S, and SonoScape Medical Corp are a few of the leading companies operating in the colonoscopes market.
The colonoscopes market is segmented on the basis of product type, application, and end user. Based on product type, the market is further segmented into fiber optic colonoscopy devices and video colonoscopy devices. Based on application, the market is further segmented into colorectal cancer, lynch syndrome, ulcerative colitis, Crohn's disease, and polyp. Based on end user, the market is sub-segmented into hospitals, ambulatory surgery centers, and others.