Colonoscope Market Size Worth $2.86 Billion By 2032 | CAGR: 7.8%

The global colonoscope market size is expected to reach USD 2.86 billion by 2032, according to a new study by Polaris Market Research. The report “Colonoscope Market Share, Size, Trends, Industry Analysis Report, By Product Type (Colonoscope, Visualization Systems, Others); By Application; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The colonoscope market growth is highly attributable to the rising incidence of colorectal cancer. This tool is vital for monitoring the condition of the colon and determining colon cancer. According to the American Cancer Society, the number of adults below the age of 55 has nearly increased by twice compared to the data in a decade. This trend is likely to facilitate the need to install advanced healthcare infrastructure in hospitals, including a colonoscope.

The rising research and development studies on finding the best ways to mitigate the disease early are positively influencing the growth of the colonoscope market. For instance, a 2024 study published in Scientific Reports analyzed the use of deep learning to reduce the missed or incomplete detection of colonoscopes by machine learning.

Furthermore, the growing research innovations to develop biomarkers of disease detection for ulcerative colitis are anticipated to showcase significant growth opportunities for the colonoscope market in the coming years. A 2024 study focused on developing biomarkers to early detect mucous damage, lowering the significance of frequent endoscopic screening.

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In addition, the use of artificial intelligence to automate several tasks in multiple sectors, including the healthcare sector, is optimistically widening the scope of colonoscopes in the global market. For instance, in January 2024, a study published in Scientific Reports explored the incorporation of deep learning algorithms for automatic anatomical sectional detection in video colonoscopes.

A colonoscopy is mostly adopted in the healthcare segment to detect and monitor the colon and rectum in the human body. The rising number of patients suffering from gastrointestinal problems is making healthcare providers, such as hospitals and ambulatory surgery centers, invest in colonoscopes. The early detection and diagnosis of intestinal cancers is one of the major problems patients are facing. With the growing advancements in colonoscopes to accurately monitor and assist doctors in identifying potential risks promptly, there will be tremendous growth opportunities in the long run.

Moreover, a 2024 study found that a lesion size of 10–29 mm is compatible with endoscopic mucosal resection, and a size greater than 30mm is the major risk factor causing unintentional endoscopic piecemeal mucosal resection (uniEPMR) in colorectal polyps. These studies are anticipated to play a major role in aiding manufacturers in producing efficient colonoscopes in the marketplace.

Colonoscope Market Report Highlights

• The visualization systems segment is anticipated to witness the highest growth in the study period due to the need for compatible visualization tools to monitor the rectum.
• Colorectal cancer segment accounted for the largest market share owing to the significant rise in preventive care for amputate gastrointestinal cancers.
• The hospitals segment is projected to experience a larger revenue share due to the rising number of colorectal cancer patients opting for hospitals.
• Asia Pacific is projected to register the fastest growth during the forecast period, attributable to the rising advancements in healthcare.
• The global players include Absolute Medical, Boston Scientific Corp, ESS Medical, Endo Technologies, Fujifilm Holdings Corporation, & Hoya Corp, among others.

Polaris Market Research has segmented the colonoscope market report based on product type, application, end-user, and region:

Colonoscope, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Colonoscope

• Flexible non-video (fiber) Colonoscopes
• Flexible Video Colonoscopes

• Visualization Systems
• Others

Colonoscope, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Colorectal Cancer
• Lynch Syndrome
• Ulcerative Colitis
• Crohn's Disease
• Others

Colonoscope, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

• Hospitals
• Ambulatory Surgery Centres
• Others

Colonoscope, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Colonoscope Market Report Scope