Global Colonoscopy Devices Market

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Global Colonoscopy Devices Market
Global Colonoscopy Devices Market
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Global Colonoscopy Devices Market
As per Renub Research, report titled Colonoscopy
Devices Market Global Forecast 2021-2027,
Industry Trends, Growth, Impact of COVID-19,
Opportunity Company Analysis the Global
Colonoscopy Devices Market is expected to be USD
2.1 Billion by 2027. Globally, Colonoscopy
devices are used to examine the inside of the
colon using a colonoscope inserted into the
rectum. Wherein, colonoscope implies a thin,
tube-like instrument with a light and a lens for
viewing. Besides, a colonoscopy may also have a
tool to remove tissue to be checked under a
microscope for signs of disease. In addition, the
gastroenterologist carefully guides the
colonoscope in various directions to look inside
the colon. After that, a picture from the camera
appears on a monitor to provide a clear,
magnified view of the colon lining. Identificatio
n of the Cause of Signs and Symptoms for
Colorectal Cancer drives the Market A
colonoscopy is conducted to find the reason for
signs and symptoms, constituting bleeding from
the rectum, blood in the stools, pus or mucus in
the stools, unexplained abdominal pain, changes
in bowel habits, and unexplained long-lasting
diarrhoea, screening and examination for
colorectal
Global Colonoscopy Devices Market
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Global Colonoscopy Devices Market
cancer. Popularly, colonoscopy across the world
is used to examine for cancer of the colon (bowel
cancer) or colon polyps, which are extensions on
the colon lining that can seldom be cancerous or
may grow to be cancerous. Remarkably, as per the
World Health Organization, in 2020, colorectal
cancer estimated for around 1.93 Million numbers
and more than 935,000 deaths globally. Visualizat
ion System is Estimated to be the Dominating and
Fastest-Growing Division By product,
colonoscopy devices are segmented into
Visualization systems, colonoscopes and others.
Visualization system is estimated to be the
dominating and fastest-growing segment due to
increasing preference for HD visualization
systems. Besides, Visualization systems are
popular among medical professionals, as they
efficiently help in the examination operation
of complex disorders such as Colorectal cancer,
Lynch syndrome, Ulcerative colitis, and others.
Besides, colonoscope devices are employed to
recognize lesions in the proximal perspective of
colonic folds either by proffering a retrograde
appearance of the lumen or straightening the
haustral folds during withdrawal.
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Global Colonoscopy Devices Market
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Global Colonoscopy Devices Market
Associated benefits of colonoscopy over other
treatment options, such as enhanced precision,
accuracy, and medication safety, are expected to
boost its demand in surgical centres. Hospitals
Emerged as the Largest End-User
Segment Hospitals are the primary health system
constituting the usage of colonoscopy devices
globally. The abundance of colorectal surgeries
undertaken at hospitals is comparatively higher
than the other health systems, such as clinics,
ambulatory surgical centres (ASCs) or others.
Consequently, the demand for colonoscopy devices
in hospitals is relatively higher than that in
other end-use segments. North America Rules the
Market and is anticipated to continue to do the
same during the Forecast Period Currently,
North America dominates the market for
colonoscopy devices, and it is expected to
continue its stronghold during the forecasted
period. Key factors accountable for its dominance
are
Global Colonoscopy Devices Market
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Global Colonoscopy Devices Market
increased treatment rates, high incidence of
colorectal cancer in the region, inflated
medicine prices compared to other major regions
like Europe, Asia Pacific, South America and
Middle East Africa. In addition, the high unmet
clinical needs of patients in the areas of North
America, such as the lower Mississippi Delta and
parts of Appalachia in the United States, are
also boosting the market growth. Furthermore,
growing healthcare investment and the
well-established healthcare foundation are also
fuelling the development of the overall regional
market to a large extent. Major Players in the
Competitive Panorama The market is profoundly
competitive and consists of several global
players. As the industry progresses, the firms
try to achieve clear differentiation in
colonoscopy systems based on their application.
Due to high-quality imaging and operative
capabilities requirements, various customer
groups are shifting toward optimized
visualization systems that integrate colonoscopes
and cameras. Some of the companies currently
present in the market are Boston Scientific
Corporation, Medtronic, Steris Plc, Olympus and
Hoya. For instance, in April 2021, Medtronic
launched an AI-based colonoscopy device in the US
on the heels of FDA clearance.
Global Colonoscopy Devices Market
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Global Colonoscopy Devices Market

• Impact of COVID-19 on Colonoscopy Devices
  Industry
• COVID-19 pandemic had an immediate influence on
  the colonoscopy healthcare industry. Colonoscopy,
  the backbone for the diagnosis administration
  of colorectal cancer, has come under tension due
  to COVID-19 in 2020. All non-urgent methods have
  been either rescheduled or substituted by
  replacement biomarkers. The pandemic was the
  chief reason for the slump of the market for
  colonoscopy devices in 2020. However, in 2021,
  the market has rebounded with double percentage
  maturity.
• Market Summary
• By Product We have covered Visualization system,
  Colonoscope and Others as major variants existing
  in the industry.
• By Application We have studied the application
  of Colonoscopy Devices in Colorectal cancer,
  Lynch syndrome, Ulcerative colitis and other.

Global Colonoscopy Devices Market
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Global Colonoscopy Devices Market

• By End User We have covered Hospitals, Clinic,
  Ambulatory surgery center and others as end
  users.
• By Region We have analysed the Colonoscopy
  Devices industry in North America, Asia Pacific,
  Europe, Latin America, Middle East Africa.
• Company Analysis In our report market's main
  players studied includeBoston Scientific
  Corporation, Medtronic, Steris Plc, Olympus and
  Hoya.

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Global Colonoscopy Devices Market
Global Colonoscopy Devices Market
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Global Colonoscopy Devices Market