Global Colonoscopes Market 2019-2023

The global colonoscopes market size will grow by USD 477.34 million during 2019-2023. This report provides a detailed analysis of the market by product (instruments and accessories and colonoscopes), end-users (hospitals, ASC, and others), and geography (Asia, Europe, North America, and ROW). This colonoscopy market research report analyzes the market’s competitive landscape and offers information on several colonoscopes manufacturers including Boston Scientific Corporation, FUJIFILM Holdings Corporation, HOYA Corporation, KARL STORZ SE & Co. KG, Olympus Corporation, and STERIS plc.

Some of the key findings from our colonoscopes market analysis report are summarized below

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Global colonoscopes industry overview

The use of virtual colonoscopes has helped in enhancing patient compliance and adherence. These colonoscopes use CT or MRI to create 2D and 3D images of the intestine, eliminating the need to insert colonoscopy devices to the entire length of the colon. Low procedural time, improved detection, increased accessibility, improved screening rate, and high safety are some of the other factors that are contributing to the high popularity of virtual colonoscopes. Additionally, favorable reimbursement coverage by the CMS and endorsements from healthcare organizations will further boost the adoption of virtual colonoscopy. This will be one of the key trends that will gain traction in the colonoscopy market during the next five years.

Minimally invasive surgeries are being preferred over open surgical procedures because of their advantages such as low anesthesia requirement, shorter hospital stays, and faster recovery times. Advanced surgical procedures such as laparoscopic surgery and robotic surgery are also gaining popularity as they offer 3D visualization and high dexterity and flexibility in instrument usage for surgeries in the pelvic region. With the rising demand for minimally invasive surgeries, the demand for colonoscopes is also expected to grow rapidly. This, in turn, will drive colonoscopes market growth at a CAGR of 5% during the forecast period.

Top colonoscopes companies covered in this market research report

The global colonoscope market is moderately fragmented. To help clients improve their revenue share, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading colonoscopes manufacturers. Additionally, this colonoscopy industry analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading colonoscopes manufacturers including:

• Boston Scientific Corporation
• FUJIFILM Holdings Corporation
• HOYA Corporation
• KARL STORZ SE & Co. KG
• Olympus Corporation
• STERIS plc

Colonoscopes market segmentation based on end-users

• Hospitals
• ASC
• Others

Hospitals will be the significant end-user to the global colonoscopes market in the coming years because of the rising number of hospital admissions and the availability of well-trained professionals. This report provides an accurate prediction of the colonoscopes market share of all the segments and their contribution to the growth of the colonoscopes market size.

Colonoscopes market segmentation based on geographic region

• Asia
• Europe
• North America
• ROW

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest colonoscope market share throughout the forecast period. The increasing incidence of GI diseases, the rising awareness about colon cancer, and the growing number of hospitals and clinics in North America are some of the factors driving colonoscopes market growth in this region.

Key highlights of the global colonoscopes market for the forecast years 2019-2023:

• CAGR of the colonoscopy market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the colonoscopes market during the next five years
• Precise estimation of the global colonoscopes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the colonoscopes industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of colonoscope companies

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