Global Colonoscopy Devices Market to Grow at a CAGR of 4.6% by 2021 - Favorable Reimbursement Policies in US Will Drive Growth - Research and Markets

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30 Mar, 2017, 13:15 GMT

Dublin, Mar 30, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Colonoscopy Devices Market 2017-2021" report to their offering.

The global colonoscopy devices market to grow at a CAGR of 4.63% during the period 2017-2021.

The report, Global Colonoscopy Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is emergence of virtual colonoscopy devices. The emergence of virtual colonoscopy will likely change the market dynamics, as it can improve the patient compliance and adherence. Virtual colonoscopy is an X-ray test, which takes less time, and does not require inserting a scope into the entire length of the colon. With the use of virtual colonoscopy, colon polyps are found by the less invasive approach and can be removed using conventional colonoscopy. Some of the other advantages of virtual colonoscopies include less procedure time, increased accessibility (can be used in individuals who have limited mobility and cannot tolerate traditional colonoscopy procedures), improved detection, and safer than conventional colonoscopies. Virtual colonoscopy is recommended for average-risk individuals over 50 years of age. Physicians are also looking to improve the screening rates for colorectal cancer through the use of virtual colonoscopy.

According to the report, one driver in market is presence of large patient pool with intestinal disorders. The presence of large patient pool with intestinal disorders is expected to drive the market growth. The growing incidence of intestinal disorders such as colon cancer, GI hemorrhage, ulceration, and polyps is also expected to propel the market growth. In the past few years, there has been a rise in morbidity and mortality from chronic diseases such as colon cancer, rectal cancer, and GI bleeding-related disorders. For instance, according to the CDC statistics in 2014 report, 142,870 people in the US were affected by colorectal cancer, of which 60,450 people died annually. Also, according to the CDC, in the US alone, about 140,000 people were diagnosed with colorectal cancer in 2014. The increased prevalence of intestinal diseases among the population has boosted the frequency of diagnostic screening procedures being performed. Thus, the growing incidence of intestinal disorders is expected to drive the demand for colonoscopy devices market.

Key vendors

  • Boston Scientific
  • Fujifilm Holdings
  • HOYA Group
  • KARL STORZ
  • OLYMPUS

Other prominent vendors

  • ANA-MED
  • Avantis Medical Systems
  • Endomed Systems
  • Getinge Group
  • GI-View
  • HUGER Medical Instrument
  • InMotion Medical
  • Others

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by technology

PART 07: Market segmentation by end-user

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

PART 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/4r75wn/global

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