What is Colonoscopy Devices Market?
Colonoscopy is the endoscopic examination used to detect changes or abnormalities in the large intestine (colon) and rectum. A colonoscopy device is a long, flexible, tubular instrument about 1/2-inch in diameter that transmits an image of the lining of the colon so the doctor can examine it for any abnormalities. This device is inserted through the rectum and advanced to the other end of the large intestine. The colonoscopy procedure is widely considered to be the best screening modality for colon cancer and adenomatous polyps by most gastroenterologists. The factors such as Increased Prevalence of Colorectal Cancer and Increasing Number of Diagnostic Centres and Hospitals are driving the global colonoscopy device market.
The market study is being classified by Type (Video colonoscopy devices and Fiberoptic colonoscopy devices), by Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyps or Colorectal Cancer and Others) and major geographies with country level break-up.
Sword Medical Limited (Ireland), Cosmo Pharmaceuticals NV (Ireland), Steris Corporation (United States), Smith & Nephew plc (United Kingdom), Cook Medical Incorporated (United States), Boston Scientific Corporation (United States), Fujifilm Holdings Corporation (Japan), Hoya Corporation (Japan), KARL STORZ SE & Co. KG (Germany) and Olympus Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ANA-MED Sp. z o.o. (Poland), Avantis Medical Systems, Inc. (United States), Endomed Systems GmbH (Germany), Getinge (Sweden), Huger Medical Instrument Co Ltd. (China) and InMotion Medical Inc. (Canada).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Colonoscopy Devices market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Colonoscopy Devices market by Type, Application and Region.
On the basis of geography, the market of Colonoscopy Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Prevalence of Colorectal Cancer
- Increasing Number of Diagnostic Centres and Hospitals
- Robust Increase in the Distribution Channels
- Advancements in the Medical Science
- Increased Hospital Acquired Diseases
- Complexities Associated with Colonoscopy
- Growth in the Healthcare Industry Worldwide
- Increased Research and Development Activities
- Stringent Government Rules and Regulations
In April 2019, Cosmo Pharmaceuticals NV has announced that it has developed a revolutionary artificial intelligence (AI) software and device for the detection of lesions during colonoscopy and has entered into a worldwide distribution agreement with Medtronic, the global leader in medical technology.
Key Target AudienceColonoscopy Device Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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