The Worldwide Colonoscope Market is Projected to reach USD 1.7 Billion by 2028, at a CAGR of 6.8%

Colonoscope Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Colonoscope Market size is expected to reach $1.7 billion by 2028, rising at a market growth of 6.8% CAGR during the forecast period.

The Crohns Disease segment is showcasing a CAGR of 7.6% during (2022 - 2028). Colonoscopies are almost usually advised by gastroenterologists to diagnose ulcerative colitis or Crohn's disease. With the help of live video images of the colon and rectum, the doctor can use this test to check for inflammation, ulcers, and other IBD symptoms in the intestinal lining. A colonoscope is a long, thin, flexible tool with a camera and light placed at the tip that gastroenterologists use to conduct a colonoscopy.

The Hospitals segment is leading the Global Colonoscope Market by End User in 2021 thereby, achieving a market value of $936.4 Million by 2028. This is because there are so many patients and private hospitals. Consumers prefer hospitals for procedures due to the rise in rectum surgery, improved colonoscopy technology, skilled staff, high-quality facilities, and adequate equipment. Hospitals execute more colorectal procedures than clinics, ambulatory surgery centers (ASCs), and other healthcare facilities. As a result, compared to other end-use groups, the demand for colonoscopy devices in hospitals is greater.

The North America market dominated the Global Colonoscope Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $671.6 Million by 2028. The Europe market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 7.3% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/colonoscope-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Colonoscope Market Segmentation

By Application

• Colorectal Cancer
• Ulcerative Colitis
• Crohns Disease
• Others

By End User

• Hospitals
• Ambulatory Surgery Centers
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Medtronic PLC
• Stryker Corporation
• Olympus Corporation
• Fujifilm Holdings Corporation
• Ambu A/S
• Boston Scientific Corporation
• SonoScape Medical Corp.
• Daichuan Medical (Shenzhen) Co., Ltd. (EndoFresh)
• EndoMed Systems GmbH

Related Reports:

North America Colonoscope Market Size & Forecast to 2028

• March-2023
• 72 Pages

LAMEA Colonoscope Market Size, Share & Forecast, 2022-2028

• March-2023
• 78 Pages

Europe Colonoscope Market Size, Share & Forecast to 2028

• March-2023
• 78 Pages

Asia Pacific Colonoscope Market Size, Share & Trend, 2028

• March-2023
• 78 Pages