Colonoscopy is an endoscopic examination which targets large bowel and some distal parts of small bowel to screen colorectal cancer. Colonoscopes and visualization systems, such as charge-coupled devices (CCD) camera and fiber optic camera, are generally used to conduct colonoscopy procedure. Global colonoscopy devices market is anticipated to grow significantly over the forecast period. One of the major factors that is driving the market growth is the growing incidence of intestinal disorders, such as colorectal cancer, across the globe.

Colorectal cancer sometimes referred to as bowel cancer is a malignancy that begins in the colon or the rectum. Colon cancer and rectal cancer are regularly assembled together in light of the fact that they have many features similar to each other. Both men and women can get bowel cancer. It is one of the leading causes of mortality and morbidity globally. Colorectal cancer is the third most common malignancy and the fourth leading cause of cancer-related mortalities globally. As per data from WHO in 2017, colorectal cancer accounts for around 1,400,000 incidences and more than 700,000 fatalities globally. There has been a significant increase in the incidence of colorectal cancer in the past decades which surges the demand for colonoscopy devices across the globe leading to market growth.

Geographically, the market has been analyzed into North America, Europe, Asia-Pacific, and Rest of the World (RoW) regions that contribute significantly to the market growth. North America is estimated to have a leading position in the market accounting for the largest market share owing to well-developed healthcare infrastructure, significant per capita health expenditure, and growing incidence of colorectal cancer across the region. Moreover, Asia-Pacific and Europe regions are expected to follow North America in terms of revenue generation over the forecast period.

Furthermore, the market includes significant players such as Boston Scientific Corp., Avantis Medical Systems, Inc., Getinge AB, Photometrics Ltd., Exact Sciences Corp., and SonoScape Medical Corp. These players adopt various strategies such as mergers & acquisitions, products, and services offering expansion, geographical expansion, and partnership & collaboration to stay competitive in the market. For an instance, Exact Sciences Corp., in August 2018, established a partnership with Pfizer Inc., for co-promoting Cologuard, non-invasive stool DNA screening test for colorectal cancer, which is the first and only approved test by the FDA. This partnership, the company is aimed at enhancing the Cologuard’s adoption for increasing colorectal cancer screening rates. This will enhance the market value of the company and strengthen its market position.

Research Methodology

The market study of the global colonoscopy devices market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Authentic Public Databases such as the World Health Organization (WHO), American Cancer Society, and others
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog

The report is intended for research organizations, healthcare providers, investment companies, and government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

Global Colonoscopy Devices market is segmented on the basis of regional outlook and following segments:

• Global Colonoscopy Devices Market Research and Analysis by Colonoscopy Type
• Global Colonoscopy Devices Market Research and Analysis by End-Use
• Global Colonoscopy Devices Market Research and Analysis by Geography

The Report Covers

• Comprehensive research methodology of the global colonoscopy devices market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global colonoscopy devices market.
• Insights about market determinants which are stimulating the global colonoscopy devices.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.