Colonoscopy Devices Market | Market Highlights and Insights to Recovery from COVID-19
Market Forecast and Growth Projections 2021-2025

Global colonoscopy devices market will post an incremental growth of $ 536.78 million and progressing at a CAGR of over 5.06% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Colonoscopy Devices Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The Colonoscopy Devices Market is segmented by Type (Video colonoscopy devices and Fiberoptic colonoscopy devices) and Geography (North America, Europe, Asia, and ROW). Growth by the video colonoscopy devices segment has been significant and is expected to offer further growth opportunities during the forecast period.
• The North America region emerged as the leading segment in recent years. 41% of the market growth will originate from the region with the US and Canada being the main contributors during the forecast period. Increasing guidelines from healthcare organizations will facilitate the colonoscopy devices market growth in this region.. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Colonoscopy Devices Market size.

Colonoscopy Devices Market: Trends, Drivers, Challenges to impact growth

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• A key market driver for the Colonoscopy Devices Market will be technological advancements. In addition, other factors such as the increasing  preference for minimally invasive techniques and growing prevalence of colorectal cancer are likely to drive market growth.
• The increase in guidelines from healthcare organizations is a key trend that will boost the demand for  colonoscopy devices..
• Complications associated with the use of colonoscopy devices is a hurdle that needs to be crossed on the path to success.

Colonoscopy Devices Market: Vendor Analysis

• The market is concentrated.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Consis Medical, COSMO PHARMACEUTICALS NV, Getinge AB, GI-View, HOYA Corp., Olympus Corp., Smart Medical Systems Ltd., SonoScape Medical Corp., and STERIS Plc are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of over 5.06%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 536.78 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Technological advancements will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, Asia, and ROW are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   41% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Consis Medical, COSMO PHARMACEUTICALS NV, Getinge AB, GI-View, HOYA Corp., Olympus Corp., Smart Medical Systems Ltd., SonoScape Medical Corp., and STERIS Plc
    
7. What are the market segments covered in this report?
   The market is segmented by Type (Video colonoscopy devices and Fiberoptic colonoscopy devices) and Geography (North America, Europe, Asia, and ROW)

Colonoscopy Devices Market Size to Grow by $ 471.90 Million through 2020-2024  

Technavio research projects the colonoscopy devices market to grow by $ 471.90 mn, accelerating at a CAGR of over 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Colonoscopy Devices Market: Key Market Driver

One of the primary factors that will trigger the growth of the colonoscopy devices market size is technological advancements. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Colonoscopy Devices Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ambu AS, Boston Scientific Corp., Endomed Systems GmbH, FUJIFILM Holdings Corp., Getinge Group, GI-View, HOYA Corp., KARL STORZ SE & Co. KG, Olympus Corp., and STERIS Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report