The Asia Pacific Colonoscope Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
Colonoscopy equipment and accessories connected to colonoscopes during therapy have been enhanced by technological improvements. This test utilizes a narrow, flexible tube with a camera and light at one end. The physician will insert the catheter into the rectum and the colon. Next, the physician will examine the patient's colon that uses the camera and light.
A second device will be introduced to remove any polyps or other tissue for a biopsy. During this treatment, the patient may be administered a sedative and/or pain medication to ensure the comfort. Typically, a specialist who specializes in the digestive system performs a colonoscopy. Surgeons, family practice physicians, physician assistants, and nurse practitioners can also perform colonoscopies. In addition, a nurse and an anesthetic specialist may be present to assist with the examination.
A physician may advise a colonoscopy for a variety of reasons. Screening for colon cancer is one of the most popular causes of the procedure. Individuals over the age of 50 are at a greater risk of having colon cancer, and, as a result, screening is necessary. If patients are experiencing gastrointestinal pain, diarrhea, or blood in the stool, a colonoscopy may be necessary. This is an exploratory examination to determine the origin of certain symptoms.
In 2009, in India, the Health Minister's Cancer Patient Fund (HMCPF) was established as part of the Rashtriya Arogya Nidhi (RAN). To utilize the Health Minister's Cancer Patient Fund, the Revolving Fund has been formed in 27 Regional Cancer Centres under the RAN (RCCs). Such a measure would ensure and expedite the provision of financial aid to needy patients, hence contributing to the achievement of the HMCPF's purpose under RAN. The NBCSP was founded in 2006 and screened persons at two target ages (55 and 65). In 2014, the Australian Government stated that all Australians aged 50 to 74 would be eligible for screenings every two years. This will expand the market's growth.
The China market dominated the Asia Pacific Colonoscope Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $126 Million by 2028. The Japan market is estimated to grow a CAGR of 6.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.9% during (2022 - 2028).
Based on Application, the market is segmented into Colorectal Cancer, Ulcerative Colitis, Crohns Disease and Others. Based on End User, the market is segmented into Hospitals, Ambulatory Surgery Centers and Others. Based on countries, the market is segmented into China, Japan, India, Australia, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Colonoscope Market is Projected to reach USD 1.7 Billion by 2028, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Stryker Corporation, Olympus Corporation, Fujifilm Holdings Corporation, Ambu A/S, Boston Scientific Corporation, SonoScape Medical Corp., Daichuan Medical (Shenzhen) Co., Ltd. (EndoFresh), and EndoMed Systems GmbH.
By Application
By End User
By Country
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