Colonoscopes Market is Booming Market to Grow at Healthy CAGR

Posted by nileshdbmr on May 25th, 2021

Colonoscopes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the colonoscopes market to grow at a CAGR of 4.8% in the above-mentioned forecast period.

Colonoscopy is a type of endoscopic examination procedure of the distal part of the small bowel and the large intestine by a fiber optic camera on a flexible tube that is passed through the anus or a charge-coupled device (CCD) camera. Colonoscopy is mostly used for screening of colorectal cancer.

Key Market Competitors: Global Colonoscopes Market

Few of the major competitors currently working in the colonoscopes market are FUJIFILM Holdings Corporation, Karl Storz , Olympus Corporation, Endomed Systems, , Boston Scientific, Avantis, , HOYA Corporation. ,Getinge AB., SonoScape Medical Corp., Endo Technologies,, Smart Medical Systems Ltd, GI-View.,Steris,  among others.

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Colonoscopy helps to find tumors, ulcers, colon polyps, tumors and other areas of bleeding or inflammation. The colonoscope is a flexible and thin tube, within the range of 125 cm-183 cm long size. A video camera is fixed at the tip of the colonoscopy devices, so that the physician can take and see video or pictures of the colon.

Segmentation: Global Colonoscopes Market

•          By Product Type (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices)
•          By Technology (Instruments and Accessories, Colonoscopy Devices Service)
•          By End-User (Hospitals, Ambulatory surgery centers, others)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis: Global Colonoscopes Market

Global colonoscopes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Albumin Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers:

•          Increasing guidelines from healthcare organizations is expected to drive the market growth
•          The growing awareness of the effects of disorders of the colon is also expected to drive the market growth