Colonoscopy Devices Market Global Forecast 2021-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis
Colonoscopy devices are the gold standard for colorectal cancer prevention. Worldwide colorectal cancer is the third most common cancer diagnosed in both men and women each year. According to the World Health Organization, in 2020, colorectal cancer accounts for around 1.93 Million incidences and more than 935,000 deaths globally. Further, colonoscopy devices are the endoscopic test of the distal part of the small bowel and the large bowel by fibre optic camera or a CCD camera on a flexible tube passed through the anus. It allows proper diagnosis and treatment without the need for a significant operation. As per Renub Research, Colonoscopy Devices Market is project to reach US$ 2,031.96 Million by 2027.
Factors Driving Colonoscopy Devices Demand Globally
The vital factors driving the market growth include the expanding preference for minimally invasive techniques, the growing prevalence of colorectal cancer, and technological advancements. Upcoming launches of promising pipeline applicants, the emergence of more front-line therapies, and favorable government initiatives are likely to fuel market expansion.
Visualization System is estimated to be the Fastest-growing Segment
Based on product, colonoscopy devices are segmented into Visualization systems, Colonoscope and others. Visualization system is estimated to be the fastest-growing segment due to increasing preference for HD visualization systems. It is popular among medical professionals, as they help in the diagnosis & treatment of complex diseases such as Colorectal cancer, Lynch syndrome, Ulcerative colitis, and others. Moreover, colonoscope devices are utilized to identify lesions in the proximal aspect of colonic folds either by giving a retrograde view of the lumen or straightening the haustral folds during withdrawal.
Hospitals Emerged as the Largest End-User Segment
Besides, hospitals are the primary health system globally. The number of colorectal surgeries undertaken at hospitals is comparatively higher than the other health systems, such as clinics, ambulatory surgical centers (ASCs) or others. Therefore, the demand for colonoscopy devices in hospitals is comparatively higher than that in other end-use segments.
Global Colonoscopy Devices Market Size was US$ 1,271.95 Million in 2020
The United States has the most comprehensive market for colonoscopy devices in North America; the increase in treatment rates, rising healthcare expenditure, and well-established healthcare infrastructure fuel the demand for colonoscopy devices. In addition, high incidence of colorectal cancer is to be the leading cause of cancer deaths in the United States; as per the National Center for Health Statistics, in 2020, 147,950 individuals diagnosed with CRC and 53,200 has died from the disease, including 17,930 cases and 3,640 deaths in individuals aged younger than 50 years.
Impact of COVID-19 on Colonoscopy Devices Industry
COVID-19 pandemic had a direct impact on the colonoscopy healthcare market. Colonoscopy, the mainstay for the diagnosis & management of colorectal cancer, has come under pressure due to COVID-19 in the year 2020. All non-urgent procedures have been either rescheduled or replaced by alternative biomarkers. This was the main reason for the decline of the market for colonoscopy devices in the year 2020. But in 2021, the market has rebounded with double percentage growth.
Colonoscopy Devices Industry is likely to grow with a CAGR of 6.92% during 2020-2027
The colonoscopy devices industry is moderately competitive and consists of several global players such as Boston Scientific Corporation, Medtronic, Steris Plc, Olympus and Hoya. Mergers & acquisitions, high investments in R&D, and new product developments or modifications are among the key strategies players adopt to gain a competitive edge.
Renub Research latest report “Colonoscopy Devices Market By Product (Visualization system, Colonoscope and Others), Application (Colorectal cancer, Lynch syndrome, Ulcerative colitis and other), End User (Hospitals, Clinic, Ambulatory surgery center and others), Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa), Company Analysis (Boston Scientific Corporation, Medtronic, Steris Plc, Olympus and Hoya)” provides comprehensive details about Colonoscopy Devices Industry.
Product – Market breakup from 3 viewpoints
1. Visualization system
2. Colonoscope
3. Others
Application – Market breakup from 4 viewpoints
1. Colorectal cancer
2. Lynch syndrome
3. Ulcerative colitis
4. Other
End User - Market breakup from 4 viewpoints
1. Hospitals
2. Clinic
3. Ambulatory surgery center
4. Others
Region - Market breakup from 5 viewpoints
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa
All companies have been covered into 3 viewpoints
1. Boston Scientific Corporation
2. Medtronic
3. Steris Plc
4. Olympus
5. Hoya
Factors Driving Colonoscopy Devices Demand Globally
The vital factors driving the market growth include the expanding preference for minimally invasive techniques, the growing prevalence of colorectal cancer, and technological advancements. Upcoming launches of promising pipeline applicants, the emergence of more front-line therapies, and favorable government initiatives are likely to fuel market expansion.
Visualization System is estimated to be the Fastest-growing Segment
Based on product, colonoscopy devices are segmented into Visualization systems, Colonoscope and others. Visualization system is estimated to be the fastest-growing segment due to increasing preference for HD visualization systems. It is popular among medical professionals, as they help in the diagnosis & treatment of complex diseases such as Colorectal cancer, Lynch syndrome, Ulcerative colitis, and others. Moreover, colonoscope devices are utilized to identify lesions in the proximal aspect of colonic folds either by giving a retrograde view of the lumen or straightening the haustral folds during withdrawal.
Hospitals Emerged as the Largest End-User Segment
Besides, hospitals are the primary health system globally. The number of colorectal surgeries undertaken at hospitals is comparatively higher than the other health systems, such as clinics, ambulatory surgical centers (ASCs) or others. Therefore, the demand for colonoscopy devices in hospitals is comparatively higher than that in other end-use segments.
Global Colonoscopy Devices Market Size was US$ 1,271.95 Million in 2020
The United States has the most comprehensive market for colonoscopy devices in North America; the increase in treatment rates, rising healthcare expenditure, and well-established healthcare infrastructure fuel the demand for colonoscopy devices. In addition, high incidence of colorectal cancer is to be the leading cause of cancer deaths in the United States; as per the National Center for Health Statistics, in 2020, 147,950 individuals diagnosed with CRC and 53,200 has died from the disease, including 17,930 cases and 3,640 deaths in individuals aged younger than 50 years.
Impact of COVID-19 on Colonoscopy Devices Industry
COVID-19 pandemic had a direct impact on the colonoscopy healthcare market. Colonoscopy, the mainstay for the diagnosis & management of colorectal cancer, has come under pressure due to COVID-19 in the year 2020. All non-urgent procedures have been either rescheduled or replaced by alternative biomarkers. This was the main reason for the decline of the market for colonoscopy devices in the year 2020. But in 2021, the market has rebounded with double percentage growth.
Colonoscopy Devices Industry is likely to grow with a CAGR of 6.92% during 2020-2027
The colonoscopy devices industry is moderately competitive and consists of several global players such as Boston Scientific Corporation, Medtronic, Steris Plc, Olympus and Hoya. Mergers & acquisitions, high investments in R&D, and new product developments or modifications are among the key strategies players adopt to gain a competitive edge.
Renub Research latest report “Colonoscopy Devices Market By Product (Visualization system, Colonoscope and Others), Application (Colorectal cancer, Lynch syndrome, Ulcerative colitis and other), End User (Hospitals, Clinic, Ambulatory surgery center and others), Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa), Company Analysis (Boston Scientific Corporation, Medtronic, Steris Plc, Olympus and Hoya)” provides comprehensive details about Colonoscopy Devices Industry.
Product – Market breakup from 3 viewpoints
1. Visualization system
2. Colonoscope
3. Others
Application – Market breakup from 4 viewpoints
1. Colorectal cancer
2. Lynch syndrome
3. Ulcerative colitis
4. Other
End User - Market breakup from 4 viewpoints
1. Hospitals
2. Clinic
3. Ambulatory surgery center
4. Others
Region - Market breakup from 5 viewpoints
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa
All companies have been covered into 3 viewpoints
- Overviews
- Recent Developments
- Revenues
1. Boston Scientific Corporation
2. Medtronic
3. Steris Plc
4. Olympus
5. Hoya
1. INTRODUCTION
2. RESEARCH & METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. GLOBAL COLONOSCOPY DEVICES MARKET
6. MARKET SHARE – COLONOSCOPY DEVICES
6.1 By Product
6.2 By Application
6.3 By Region
6.4 By End-User
7. PRODUCT - COLONOSCOPY DEVICES MARKET
7.1 Visualization system
7.2 Colonoscope
7.3 Others
8. APPLICATION - COLONOSCOPY DEVICES MARKET
8.1 Colorectal cancer
8.2 Lynch syndrome
8.3 Ulcerative colitis
8.4 Other
9. END USER - COLONOSCOPY DEVICES MARKET
9.1 Hospitals
9.2 clinic
9.3 Ambulatory surgery center
9.4 Others
10. REGION - COLONOSCOPY DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East & Africa
11. COMPANY ANALYSIS
11.1 Boston Scientific Corporation
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Sales Analysis
11.2 Medtronic
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Sales Analysis
11.3 Steris Plc
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Sales Analysis
11.4 Olympus
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Sales Analysis
11.5 Hoya
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Sales Analysis
2. RESEARCH & METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. GLOBAL COLONOSCOPY DEVICES MARKET
6. MARKET SHARE – COLONOSCOPY DEVICES
6.1 By Product
6.2 By Application
6.3 By Region
6.4 By End-User
7. PRODUCT - COLONOSCOPY DEVICES MARKET
7.1 Visualization system
7.2 Colonoscope
7.3 Others
8. APPLICATION - COLONOSCOPY DEVICES MARKET
8.1 Colorectal cancer
8.2 Lynch syndrome
8.3 Ulcerative colitis
8.4 Other
9. END USER - COLONOSCOPY DEVICES MARKET
9.1 Hospitals
9.2 clinic
9.3 Ambulatory surgery center
9.4 Others
10. REGION - COLONOSCOPY DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East & Africa
11. COMPANY ANALYSIS
11.1 Boston Scientific Corporation
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Sales Analysis
11.2 Medtronic
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Sales Analysis
11.3 Steris Plc
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Sales Analysis
11.4 Olympus
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Sales Analysis
11.5 Hoya
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Sales Analysis
LIST OF FIGURES:
Figure-01: Global Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-02: Forecast for – Global Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-03: Product – Visualization System Market (Million US$), 2017 – 2021
Figure-04: Product – Forecast for Visualization System Market (Million US$), 2022 – 2027
Figure-05: Product – Colonoscope Market (Million US$), 2017 – 2021
Figure-06: Product – Forecast for Colonoscope Market (Million US$), 2022 – 2027
Figure-07: Product – Others Market (Million US$), 2017 – 2021
Figure-08: Product – Forecast for Others Market (Million US$), 2022 – 2027
Figure-09: Application – Colorectal Cancer Market (Million US$), 2017 – 2021
Figure-10: Application – Forecast for Colorectal Cancer Market (Million US$), 2022 – 2027
Figure-11: Application – Lynch Syndrome Market (Million US$), 2017 – 2021
Figure-12: Application – Forecast for Lynch Syndrome Market (Million US$), 2022 – 2027
Figure-13: Application – Ulcerative Colitis Market (Million US$), 2017 – 2021
Figure-14: Application – Forecast for Ulcerative Colitis Market (Million US$), 2022 – 2027
Figure-15: Application – Other Market (Million US$), 2017 – 2021
Figure-16: Application – Forecast for Other Market (Million US$), 2022 – 2027
Figure-17: End User – Hospitals Market (Million US$), 2017 – 2021
Figure-18: End User –Forecast for Hospitals Market (Million US$), 2022 – 2027
Figure-19: End User – Clinic Market (Million US$), 2017 – 2021
Figure-20: End User – Forecast for Clinic Market (Million US$), 2022 – 2027
Figure-21: End User – Ambulatory Surgery Center Market (Million US$), 2017 – 2021
Figure-22: End User – Forecast for Ambulatory Surgery Center Market (Million US$), 2022 – 2027
Figure-23: End User – Others Market (Million US$), 2017 – 2021
Figure-24: End User – Forecast for Others Market (Million US$), 2022 – 2027
Figure-25: North America – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-26: North America – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-27: Europe – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-28: Europe – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-29: Asia Pacific – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-30: Asia Pacific – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-31: Latin America – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-32: Latin America – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-33: Middle East & Africa – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-34: Middle East & Africa – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-35: Boston Scientific Corporation – Global Revenue (Million US$), 2017 – 2021
Figure-36: Boston Scientific Corporation – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-37: Medtronic – Global Revenue (Million US$), 2017 – 2021
Figure-38: Medtronic – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-39: Steris Plc – Global Revenue (Million US$), 2017 – 2021
Figure-40: Steris Plc – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-41: Olympus – Global Revenue (Million US$), 2017 – 2021
Figure-42: Olympus – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-43: Hoya – Global Revenue (Million US$), 2017 – 2021
Figure-44: Hoya – Forecast for Global Revenue (Million US$), 2022 – 2027
LIST OF TABLE:
Table-01: Global – Colonoscopy Devices Market Share by Product (Percent), 2017 – 2021
Table-02: Global – Forecast for Colonoscopy Devices Market Share by Product (Percent), 2022 – 2027
Table-05: Global – Colonoscopy Devices Market Share by Application (Percent), 2017 – 2021
Table-06: Global – Forecast for Colonoscopy Devices Market Share by Application (Percent), 2022 – 2027
Table-05: Global – Colonoscopy Devices Market Share by End-User (Percent), 2017 – 2021
Table-06: Global – Forecast for Colonoscopy Devices Market Share by End-User (Percent), 2022 – 2027
Table-07: Global – Colonoscopy Devices Market Share by Region (Percent), 2017 – 2021
Table-08: Global – Forecast for Colonoscopy Devices Market Share by Region (Percent), 2022 – 2027
Figure-01: Global Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-02: Forecast for – Global Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-03: Product – Visualization System Market (Million US$), 2017 – 2021
Figure-04: Product – Forecast for Visualization System Market (Million US$), 2022 – 2027
Figure-05: Product – Colonoscope Market (Million US$), 2017 – 2021
Figure-06: Product – Forecast for Colonoscope Market (Million US$), 2022 – 2027
Figure-07: Product – Others Market (Million US$), 2017 – 2021
Figure-08: Product – Forecast for Others Market (Million US$), 2022 – 2027
Figure-09: Application – Colorectal Cancer Market (Million US$), 2017 – 2021
Figure-10: Application – Forecast for Colorectal Cancer Market (Million US$), 2022 – 2027
Figure-11: Application – Lynch Syndrome Market (Million US$), 2017 – 2021
Figure-12: Application – Forecast for Lynch Syndrome Market (Million US$), 2022 – 2027
Figure-13: Application – Ulcerative Colitis Market (Million US$), 2017 – 2021
Figure-14: Application – Forecast for Ulcerative Colitis Market (Million US$), 2022 – 2027
Figure-15: Application – Other Market (Million US$), 2017 – 2021
Figure-16: Application – Forecast for Other Market (Million US$), 2022 – 2027
Figure-17: End User – Hospitals Market (Million US$), 2017 – 2021
Figure-18: End User –Forecast for Hospitals Market (Million US$), 2022 – 2027
Figure-19: End User – Clinic Market (Million US$), 2017 – 2021
Figure-20: End User – Forecast for Clinic Market (Million US$), 2022 – 2027
Figure-21: End User – Ambulatory Surgery Center Market (Million US$), 2017 – 2021
Figure-22: End User – Forecast for Ambulatory Surgery Center Market (Million US$), 2022 – 2027
Figure-23: End User – Others Market (Million US$), 2017 – 2021
Figure-24: End User – Forecast for Others Market (Million US$), 2022 – 2027
Figure-25: North America – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-26: North America – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-27: Europe – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-28: Europe – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-29: Asia Pacific – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-30: Asia Pacific – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-31: Latin America – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-32: Latin America – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-33: Middle East & Africa – Colonoscopy Devices Market (Million US$), 2017 – 2021
Figure-34: Middle East & Africa – Forecast for Colonoscopy Devices Market (Million US$), 2022 – 2027
Figure-35: Boston Scientific Corporation – Global Revenue (Million US$), 2017 – 2021
Figure-36: Boston Scientific Corporation – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-37: Medtronic – Global Revenue (Million US$), 2017 – 2021
Figure-38: Medtronic – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-39: Steris Plc – Global Revenue (Million US$), 2017 – 2021
Figure-40: Steris Plc – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-41: Olympus – Global Revenue (Million US$), 2017 – 2021
Figure-42: Olympus – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-43: Hoya – Global Revenue (Million US$), 2017 – 2021
Figure-44: Hoya – Forecast for Global Revenue (Million US$), 2022 – 2027
LIST OF TABLE:
Table-01: Global – Colonoscopy Devices Market Share by Product (Percent), 2017 – 2021
Table-02: Global – Forecast for Colonoscopy Devices Market Share by Product (Percent), 2022 – 2027
Table-05: Global – Colonoscopy Devices Market Share by Application (Percent), 2017 – 2021
Table-06: Global – Forecast for Colonoscopy Devices Market Share by Application (Percent), 2022 – 2027
Table-05: Global – Colonoscopy Devices Market Share by End-User (Percent), 2017 – 2021
Table-06: Global – Forecast for Colonoscopy Devices Market Share by End-User (Percent), 2022 – 2027
Table-07: Global – Colonoscopy Devices Market Share by Region (Percent), 2017 – 2021
Table-08: Global – Forecast for Colonoscopy Devices Market Share by Region (Percent), 2022 – 2027
