The colonoscopes 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.
Colonoscopes are used for the removal of foreign bodies, excision of tumors or colorectal polyps (polypectomy), and control of hemorrhage. Routine colonoscopy is important in diagnosing intestinal cancer, which is the second-leading cause of cancer-related death cases in the US. These endoscopic procedures reduce the need for invasive surgical diagnostic and therapeutic procedures. Factors such as increase in the prevalence of colorectal cancer, continuous technological advancements in colonoscopy devices to extend their applications in therapeutic areas, and development of robotic colonoscopes boost the growth of the colonoscopes market. However, the availability of alternative diagnostic tests for rectal diseases hampers the growth of the colonoscopes market.
Market Insights
Increasing Prevalence of Colorectal Cancer Bolsters Colonoscopes Market Growth
Colorectal cancer is a malignant tumor that develops in the tissues of colon or rectum. Colon and rectal cancer are often grouped due to common features of both conditions. Colorectal cancer is the third most common cancer type (excluding skin cancer) diagnosed every year in the US. In 2021, 149,500 adults are estimated to be diagnosed with colorectal cancer in the country. These numbers include 104,270 new cases of colon cancer (52,590 men and 51,680 women) and 45,230 new cases of rectal cancer (26,930 men and 18,300 women). The incidence of this cancer type has been rising in young people since the mid-1990s. During 2012–2016, the incidence rose by 2% in adults below 50 and 1% in adults of age 50–64, annually. Among men and women of age 30–39 in the US, colorectal cancer is estimated to be the fourth most diagnosed cancer. It is estimated to cause 52,980 deaths (28,520 men and 24,460 women) in 2021. Furthermore, it is the second leading cause of cancer death in the country, among men and women combined, while it stands as the third leading cause of cancer death when men and women are considered separately. As per the data provided by European Cancer Information System, in EU-27 countries, colorectal cancer accounted for 12.7% of all new cancer diagnoses and 12.4% of total mortalities caused by the disease in 2020. Such a high prevalence makes it the second most frequently occurring cancer, after breast cancer, and the second leading cause of death, after lung cancer. Further, in India, although the prevalence of colorectal cancer is lower than that in western countries, it stands seventh among the leading causes of mortality. As per the recent data provided by Globacan India 2018, over 27,000 new cases were registered in 2019, with the death of ~20,000 patients; the number of patients living with this condition is estimated to be more than 50,000.
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Colonoscopes Market: Strategic Insights
Market Size Value in US$ 1,467.66 Million in 2020 Market Size Value by US$ 2,005.32 Million by 2028 Growth rate CAGR of 4.6% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Colonoscopes Market: Strategic Insights
| Market Size Value in | US$ 1,467.66 Million in 2020 |
| Market Size Value by | US$ 2,005.32 Million by 2028 |
| Growth rate | CAGR of 4.6% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Surgery is the most common treatment for all stages of colon cancer. In ideal situations, where the cancer is diagnosed in early stages, doctors can remove the tumor via surgical procedures. A colonoscopy is an important screening test for colorectal cancer, and it has become a part of routine cancer screening. The annual count of adults getting screened for cancer surged by 3.3 million in the US during 2014–2016, which is considered a prime factor associated with a 30% decrease in colon cancer mortality rate in people older than 50 in the past decade. In its updated screening guidelines released in 2018, the American Cancer Society quoted colonoscopies as the gold standard for detecting cancers and precancerous polyps in the colon. In addition, studies suggest that colonoscopy can help reduce CRC incidence by ~40% and mortality by ~50%, which indicates a promising future for the global colonoscopy devices market growth.
Product Type-Based Insights
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 and is expected to register a higher CAGR during the forecast period.
Colonoscopes Market, by Product Type – 2021 and 2028
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Application-Based Insights
Based on end user, the colonoscopes market is segmented into colorectal cancer, lynch syndrome, ulcerative colitis, Crohn's disease, and polyp. The colorectal cancer segment would hold the largest market share of 45.32% in 2021, and it is expected to retain its dominance during the forecast period.
End User-Based Insights
Based on end user, the colonoscopes market is segmented into hospitals, ambulatory surgery centers, and others. The hospitals segment would hold the largest market share in 2021, whereas the market for the ambulatory surgery centers segment is expected to grow at a CAGR of 28.39% during the forecast period.
Various companies operating in the colonoscopes market are adopting strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain brand name, and meet the growing demand from end users.
Colonoscopes Market – by Product Type
- Fiber Optic Colonoscopy Devices
- Video Colonoscopy Devices
Colonoscopes Market – by Application
- Colorectal Cancer
- Lynch Syndrome
- Ulcerative Colitis
- Crohn's Disease
- Polyp
Colonoscopes Market – by End User
- Hospitals
- Ambulatory Surgery Center
- Others
Colonoscopes Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South & Central America (SCAM)
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- Fujifilm Corporation
- Olympus Corporation
- KARL STORZ SE & Co. KG
- EndoMed Systems
- PENTAX Medical
- Consis Medical
- GI-View
- Boston Scientific Corporation
- Ambu A/S
- SonoScape Medical Corp
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The fiber optic colonoscopy device segment dominated the global colonoscopes market and held the largest revenue share of 66.42% in 2021.
Colonoscopes are used to remove foreign bodies, excise tumors or colorectal polyps (polypectomy), and control bleeding. These devices consist of a proximal housing, a flexible insertion tube, and an "umbilical cord," connecting the proximal housing to the light source. Colonoscopes have several open channels for suction, water, and air supply as well as for the insertion of accessory instruments and cannulas. The distal tip of video colonoscopes contains a charge-coupled device (CCD) that acts as a small camera and electronically transmits image from the CCD to an external video processing unit. Routine colonoscopy is important in diagnosing intestinal cancer, which is the second-leading cause of cancer-led deaths in the US. These endoscopic procedures reduce the need for invasive surgical diagnostic and therapeutic procedures.
Global colonoscopes market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, The US holds the largest size of the market in this region owing to factors such as the increasing burden of aging population, elevating number of product launches, and surge in R&D activities to develop advanced colonoscopes. Colonoscopy is one of the colon cancer screening tests, and in the US, it is available for people aged above 50. A few medical societies in the country recommend a screening colonoscopy every 10 years among people from this demographic group. According to the American Cancer Society, ~104,610 new cases of colon cancer and 43,340 cases of rectal cancer were diagnosed in the US in 2020. The International Agency for Research on Cancer reported enough evidence to conclude that tobacco smoking is one of the major factors causing colon cancer. In the US, ~12% of CRCs are attributed to current or past smoking of cigarettes, with the risk of colon cancer in current smokers being about 50% higher than in never-smokers. Further, alcohol consumption is associated with 13% of colorectal cancer cases in the country. The growth of the colonoscopes market is ascribed to the escalating public awareness of colon cancer through media campaigns initiated by cancer awareness groups and government agencies, who are also encouraging elderly people to undergo regular checkups.
The colonoscopes market majorly consists of the players such 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 among others.
The hospitals segment dominated the global colonoscopes market and accounted for the largest revenue share of 61.12% in 2021.
Key factors that are driving the growth of this market are increase in the prevalence of colorectal cancer, continuous technological advancements in colonoscopy devices to extend their applications in therapeutic areas, and development of robotic colonoscopes are expected to boost the market growth for the colonoscopes over the years.
The colorectal cancer segment dominated the global colonoscopes market and accounted for the largest revenue share of 45.32% in 2021
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Colonoscopes Market – By Product Type
1.3.2 Global Colonoscopes Market – By Application
1.3.3 Global Colonoscopes Market – By End-User
1.3.4 Global Colonoscopes Market – By Geography
2. Global Colonoscopes Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Colonoscopes Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe– PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East and Africa – PEST Analysis
4.2.5 South and Central America (SCAM) – PEST Analysis
4.3 Experts Opinion
5. Colonoscopes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Colorectal Cancer
5.1.2 Technological Advancements in Colonoscopy Devices
5.2 Key Restraints
5.2.1 Availability of Alternative Diagnostic Tests for Rectal Diseases
5.3 Opportunities
5.3.1 Growing Awareness about Colon Cancer
5.4 Trends
5.4.1 Disposable Colonoscopes
5.4.2 Artificial Intelligence in Colonoscopy
5.5 Impact Analysis
6. Colonoscopes Market – Global Analysis
6.1 Global Colonoscopes Market Revenue Forecast and Analysis
6.2 Global Colonoscopes Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Colonoscopes Market Analysis– By Product Type
7.1 overview
7.2 Global Colonoscopes Market share, by Product Type (2021 and 2028)
7.3 Fiber Optic Colonoscopy Devices
7.3.1 Overview
7.3.2 Global Fiber Optic Colonoscopy Devices Revenue and Forecasts To 2028 (US$ Mn)
7.4 Video Colonoscopy Devices
7.4.1 Overview
7.4.2 Global Video Colonoscopy Devices Revenue and Forecasts To 2028 (US$ Mn)
8. Global Colonoscopes Market Analysis– by Application
8.1 Overview
8.2 Global Colonoscopes Market share, by Application (2021 and 2028)
8.3 Colorectal Cancer
8.3.1 Overview
8.3.2 Global Colorectal Cancer Market Revenue and Forecasts To 2028 (US$ Mn)
8.4 Lynch Syndrome
8.4.1 Overview
8.4.2 Global Lynch Syndrome Market Revenue and Forecasts To 2028 (US$ Mn)
8.5 Ulcerative Colitis
8.5.1 Overview
8.5.2 Global Ulcerative Colitis Market Revenue and Forecasts To 2028 (US$ Mn)
8.6 Crohn's Disease
8.6.1 Overview
8.6.2 Global Crohn's Disease Market Revenue and Forecasts To 2028 (US$ Mn)
8.7 Polyp
8.7.1 Overview
8.7.2 Global Polyp Market Revenue and Forecasts To 2028 (US$ Mn)
9. Global Colonoscopes Market Analysis– by End-User
9.1 Overview
9.2 Global Colonoscopes Market share, by End-User (2021 and 2028)
9.3 Hospitals
9.3.1 Overview
9.3.2 Global Hospitals Market Revenue and Forecasts To 2028 (US$ Mn)
9.4 Ambulatory Surgery Center
9.4.1 Overview
9.4.2 Global Ambulatory Surgery Center Market Revenue and Forecasts To 2028 (US$ Mn)
9.5 Others
9.5.1 Overview
9.5.2 Global Others Market Revenue and Forecasts To 2028 (US$ Mn)
10. Global Colonoscopes Market – Geographic Analysis
10.1 North America: Colonoscopes Market
10.1.1 Overview
10.1.2 North America: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.1.3 North America: Colonoscopes Market, by Product type, 2019–2028 (USD Million)
10.1.4 North America: Colonoscopes Market, by Application, 2019–2028 (USD Million)
10.1.5 North America: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.1.6 North America: Colonoscopes Market, by Country, 2021 & 2028 (%)
10.1.6.1 US: Colonoscopes Market– Revenue and Forecast to 2028 (USD Million)
10.1.6.1.1 US: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.1.2 US: Colonoscopes Market, by Product type, 2019–2028 (USD Million)
10.1.6.1.3 US: Colonoscopes Market, by Application, 2019–2028 (USD Million)
10.1.6.1.4 US: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.1.6.2 Canada: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.2.1 Canada: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.2.2 Canada: Colonoscopes Market, by Product type, 2019–2028 (USD Million)
10.1.6.2.3 Canada: Colonoscopes Market, by Application, 2019–2028 (USD Million)
10.1.6.2.4 Canada: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.1.6.3 Mexico: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.3.1 Mexico: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.3.2 Mexico: Colonoscopes Market, by Product type – 2019–2028 (USD Million)
10.1.6.3.3 Mexico: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.1.6.3.4 Mexico: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.2 Europe: Colonoscopes Market
10.2.1 Overview
10.2.2 Europe: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.2.3 Europe: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.2.4 Europe: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.2.5 Europe: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.2.6 Europe: Colonoscopes Market, by Country, 2021 & 2028 (%)
10.2.6.1 Germany: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.1.1 Germany: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.1.2 Germany: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.2.6.1.3 Germany: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.2.6.1.4 Germany: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.2.6.2 France: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.2.1 France: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.2.2 France: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.2.6.2.3 France: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.2.6.2.4 France: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.2.6.3 UK: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.3.1 UK: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.3.2 UK: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.2.6.3.3 UK: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.2.6.3.4 UK: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.2.6.4 Italy: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.4.1 Italy: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.4.2 Italy: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.2.6.4.3 Italy: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.2.6.4.4 Italy : Colonoscopes Market, by End User, 2019-2028 (USD Million)
10.2.6.5 Spain: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.5.1 Spain: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.5.2 Spain: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.2.6.5.3 Spain: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.2.6.5.4 Spain: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.2.6.6 Rest of Europe: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.6.1 Rest of Europe: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.2.6.6.2 Rest of Europe: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.2.6.6.3 Rest of Europe: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.2.6.6.4 Rest of Europe: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.3 Asia Pacific: Colonoscopes Market
10.3.1 Overview
10.3.2 Asia Pacific: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.3.3 Asia Pacific: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.3.4 Asia Pacific: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.3.5 Asia Pacific: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.3.6 Asia Pacific: Colonoscopes Market, by Country, 2021 & 2028 (%)
10.3.6.1 China: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.1.1 China: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.1.2 China: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.3.6.1.3 China: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.3.6.1.4 China: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.3.6.2 Japan: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.2.1 Japan: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.2.2 Japan: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.3.6.2.3 Japan: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.3.6.2.4 Japan: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.3.6.3 India: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.3.1 India: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.3.2 India: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.3.6.3.3 India: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.3.6.3.4 India: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.3.6.4 Australia: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.4.1 Australia: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.4.2 Australia: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.3.6.4.3 Australia: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.3.6.4.4 Australia: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.3.6.5 South Korea: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.5.1 South Korea: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.5.2 South Korea: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.3.6.5.3 South Korea: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.3.6.5.4 South Korea: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.3.6.6 Rest of Asia Pacific: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.6.1 Rest of Asia Pacific: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.6.2 Rest of Asia Pacific: Colonoscopes Market, By Product type, 2019–2028 (USD Million)
10.3.6.6.3 Rest of Asia Pacific: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.3.6.6.4 Rest of Asia Pacific: Colonoscopes Market, by End User, 2019–2028 (USD Million)
10.4 Middle East & Africa: Colonoscopes Market
10.4.1 Overview
10.4.2 Middle East & Africa: Colonoscopes Market - Revenue and Forecast to 2028 (US$ Million)
10.4.3 Middle East & Africa Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
10.4.4 Middle East & Africa: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.4.5 Middle East & Africa Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
10.4.6 Middle East & Africa: Colonoscopes Market, by Country, 2021 & 2028 (%)
10.4.6.1 Saudi Arabia: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.4.6.1.1 Saudi Arabia: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.1.2 Saudi Arabia Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
10.4.6.1.3 Saudi Arabia: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.4.6.1.4 Saudi Arabia Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
10.4.6.2 UAE: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.2.1 UAE: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.2.2 UAE Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
10.4.6.2.3 UAE: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.4.6.2.4 UAE Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
10.4.6.3 South Africa: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.3.1 South Africa: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.3.2 South Africa Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
10.4.6.3.3 South Africa: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.4.6.3.4 South Africa Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
10.4.6.4 Rest of Middle East and Africa: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.4.6.4.1 Rest of Middle East and Africa: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.4.6.4.2 Rest of Middle East & Africa Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
10.4.6.4.3 Rest of Middle East & Africa: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.4.6.4.4 Rest of Middle East & Africa Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
10.5 South and Central America: Colonoscopes Market
10.5.1 Overview
10.5.2 South and Central America: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.5.3 South and Central America Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
10.5.4 South and Central America: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.5.5 South and Central America Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.5.6 South and Central America: Colonoscopes Market Share by Country – 2021 & 2028, (%)
10.5.6.1 Brazil: Colonoscopes Market- Revenue and Forecasts To 2028 (USD Million)
10.5.6.1.1 Brazil: Colonoscopes Market- Revenue and Forecasts To 2028 (USD Million)
10.5.6.1.2 Brazil Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
10.5.6.1.3 Brazil: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.5.6.1.4 Brazil Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.5.6.2 Argentina: Colonoscopes Market- Revenue and Forecasts To 2028 (USD Million)
10.5.6.2.1 Argentina: Colonoscopes Market- Revenue and Forecasts To 2028 (USD Million)
10.5.6.2.2 Argentina Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
10.5.6.2.3 Argentina: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.5.6.2.4 Argentina Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.5.6.3 Rest of South and Central America: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.5.6.3.1 Rest of South and Central America: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
10.5.6.3.2 Rest of South and Central America Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
10.5.6.3.3 Rest of South and Central America: Colonoscopes Market, by Application – 2019–2028 (USD Million)
10.5.6.3.4 Rest of South and Central America Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
11. Impact Of COVID-19 Pandemic on Colonoscopes Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Colonoscopes Market–Industry Landscape
12.1 Overview
12.2 Growth Strategies in the Colonoscopes Market (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 Fujifilm Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Olympus Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KARL STORZ SE & Co. KG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EndoMed Systems
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PENTAX Medical
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Consis Medical
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 GI-View
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Boston Scientific Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Ambu A/S
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 SonoScape Medical Corp.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 2. North America Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. North America Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 4. US Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 5. US Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. US Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 13. Europe: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 14. Europe Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 15. Europe Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 16. Germany: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 17. Germany Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 18. Germany: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 19. France: Colonoscopes Market, By Product type– Revenue and Forecast to 2028 (USD Million)
Table 20. France Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 21. France: Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 22. UK: Colonoscopes Market, By Product type– Revenue and Forecast to 2028 (USD Million)
Table 23. UK Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 24. UK: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 25. Italy: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 26. Italy Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 27. Italy: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 28. Spain: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 29. Spain Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 30. Spain: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 31. Rest of Europe: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 32. Rest of Europe Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 33. Rest of Europe: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 34. Asia Pacific: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 35. Asia Pacific Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 36. Asia Pacific Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 37. China: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 38. China Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 39. China: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 40. Japan: Colonoscopes Market, By Product type– Revenue and Forecast to 2028 (USD Million)
Table 41. Japan Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 42. Japan: Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 43. India: Colonoscopes Market, By Product type– Revenue and Forecast to 2028 (USD Million)
Table 44. India Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 45. India: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 46. Australia: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 47. Australia Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 48. Australia: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 49. South Korea: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 50. South Korea Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 51. South Korea: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 52. Rest of Asia Pacific: Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of Asia Pacific Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of Asia Pacific: Colonoscopes Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 55. Middle East & Africa Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 56. Middle East & Africa Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 57. Middle East & Africa Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 58. Saudi Arabia Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 59. Saudi Arabia Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 60. Saudi Arabia Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 61. UAE Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 62. UAE Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 63. UAE Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 64. South Africa Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 65. South Africa Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 66. South Africa Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 67. Rest of Middle East & Africa Colonoscopes Market, by Product type – Revenue and Forecast to 2028 (USD Million)
Table 68. Rest of Middle East & Africa Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 69. Rest of Middle East & Africa Colonoscopes Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 70. South and Central America Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 71. South and Central America Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 72. South and Central America Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 73. Brazil Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 74. Brazil Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 75. Brazil Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 76. Argentina Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 77. Argentina Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 78. Argentina Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 79. Rest of South and Central America Colonoscopes Market, By Product type – Revenue and Forecast to 2028 (USD Million)
Table 80. Rest of South and Central America Colonoscopes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 81. Rest of South and Central America Colonoscopes Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 82. Organic Developments in the Colonoscopes Market
Table 83. Inorganic Developments in the Colonoscopes Market
Table 84. Glossary of Terms, Colonoscopes Market
LIST OF FIGURES
Figure 1. Colonoscopes Market Segmentation
Figure 2. Colonoscopes Market Segmentation, By Region
Figure 3. Global Colonoscopes Market Overview
Figure 4. Fiber Optic Colonoscopy Devices Segment Held the Largest Share of the Product Type Segment in Colonoscopes Market
Figure 5. Asia Pacific to Show Significant Growth During Forecast Period
Figure 6. Colonoscopes Market, by Geography (US$ Million)
Figure 7. Global Colonoscopes Market – Leading Country Markets (US$ Million)
Figure 8. Global Colonoscopes Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe and PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East and Africa PEST Analysis
Figure 13. South and Central America (SCAM) PEST Analysis
Figure 14. Colonoscopes Market Impact Analysis of Driver And Restraints
Figure 15. Global Colonoscopes Market – Revenue Forecast and Analysis – 2020- 2028
Figure 16. Global Colonoscopes Market – By Geography Forecast and Analysis – 2021- 2028
Figure 17. Market Positioning of Key Players in Global Colonoscopes Market
Figure 18. Global Colonoscopes Market share, by Product Type (2021 and 2028)
Figure 19. Global Fiber Optic Colonoscopy Devices Revenue and Forecasts To 2028 (US$ Mn)
Figure 20. Global Video Colonoscopy Devices Revenue and Forecasts To 2028 (US$ Mn)
Figure 21. Global Colonoscopes Market, by Application (2021 and 2028)
Figure 22. Global Colorectal Cancer Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Global Lynch Syndrome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Global Ulcerative Colitis Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Global Crohn's Disease Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Global Polyp Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Global Colonoscopes Market, by End-User (2021 and 2028)
Figure 28. Global Hospitals Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Global Ambulatory Surgery Center Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Global Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. North America: Colonoscopes Market, by Key Country – Revenue (2021) (USD Million)
Figure 32. North America Colonoscopes Market Revenue and Forecast to 2028 (USD Million)
Figure 33. North America: Colonoscopes Market, by Country, 2021 & 2028 (%)
Figure 34. US: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Canada: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Mexico: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Europe: Colonoscopes Market, by Key Country – Revenue (2021) (USD Million)
Figure 38. Europe Colonoscopes Market Revenue and Forecast to 2028 (USD Million)
Figure 39. Europe: Colonoscopes Market, by Country, 2021 & 2028 (%)
Figure 40. Germany: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. France: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. UK: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 43. Italy: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 44. Spain: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 45. Rest of Europe: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 46. Asia Pacific: Colonoscopes Market, by Key Country – Revenue (2021) (USD Million)
Figure 47. Asia Pacific Colonoscopes Market Revenue and Forecast to 2028 (USD Million)
Figure 48. Asia Pacific: Colonoscopes Market, by Country, 2021 & 2028 (%)
Figure 49. China: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 50. Japan: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 51. India: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 52. Australia: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 53. South Korea: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 54. Rest of Asia Pacific: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 55. Middle East & Africa: Colonoscopes Market, by Key Country – Revenue (2021) (USD Million)
Figure 56. Middle East & Africa Colonoscopes Market Revenue and Forecast to 2028 (USD Million)
Figure 57. Middle East & Africa: Colonoscopes Market, by Country, 2021 & 2028 (%)
Figure 58. Saudi Arabia: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 59. UAE: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 60. South Africa: Colonoscopes Market – Revenue and Forecast to 2028 (USD Million)
Figure 61. Rest of Middle East and Africa: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
Figure 62. South and Central America: Colonoscopes Market, By Key Country – Revenue (2021) (USD Million)
Figure 63. South and Central America: Colonoscopes Market- Revenue and Forecasts To 2028 (USD Million)
Figure 64. South and Central America: Colonoscopes Market Share by Country – 2021 & 2028, (%)
Figure 65. Brazil: Colonoscopes Market- Revenue and Forecasts To 2028 (USD Million)
Figure 66. Argentina: Colonoscopes Market- Revenue and Forecasts To 2028 (USD Million)
Figure 67. Rest of South and Central America: Colonoscopes Market - Revenue and Forecast to 2028 (USD Million)
Figure 68. Impact of COVID-19 Pandemic in North American Country Markets
Figure 69. Impact of COVID-19 Pandemic in European Country Markets
Figure 70. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 71. Impact Of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 72. Impact Of COVID-19 Pandemic in South and Central America Africa Country Markets
Figure 73. Growth Strategies in the Colonoscopes Market (%)
The List of Companies - Colonoscopes Market
- Fujifilm Corporation
- Olympus Corporation
- KARL STORZ SE & Co. KG
- EndoMed Systems
- PENTAX Medical
- Consis Medical
- GI-View
- Boston Scientific Corporation
- Ambu A/S
- SonoScape Medical Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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