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Colonoscopy Devices Market Trends

Report ID: GMI4162
Published Date: Feb 2024
Report Format: PDF

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Colonoscopy Devices Market Trends

The incorporation of innovative technologies into colonoscopy devices contributes to the market's evolution. These advancements enhance the efficacy, safety, and patient experience during colonoscopy procedures.

The integration of high-definition (HD) imaging technologies in colonoscopy devices enhances the clarity and resolution of images captured during the procedure. For instance, in July 2022, SMART Medical Systems introduced the G-EYE 760R in the European market. This device is a high-definition colonoscope with an integrated balloon at its distal end, that can be inflated or deflated to improve the visualization and stabilization of colon walls. Such advancements aid healthcare professionals in better visualization, leading to more accurate diagnoses and facilitating the detection and removal of polyps.
Moreover, the integration of 3D imaging and virtual colonoscopy techniques offers alternative approaches to traditional colonoscopy. These technologies provide detailed, reconstructed images of the colon, offering a non-invasive option for screening. Virtual colonoscopy involves using CT scans for a comprehensive examination.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global colonoscopy devices industry was valued at around USD 2.1 billion in 2023 and is expected to expand at a CAGR of 5% during 2024 -2032, attributed to factors such as the rising demand for minimally invasive procedures.

The colorectal cancer segment accounted for around USD 756 million in 2023 and will continue to grow through 2032, driven by increasing incidence of colorectal cancer.

North America colonoscopy devices market accounted for USD 689.3 million in 2023 and is predicted to witness substantial market growth through 2032, favored by technological advancements and increasing R&D efforts.

Endomed Systems, Fujifilm Holdings Corporation, GI-View, Medtronic plc, Olympus Corporation, Ottomed Endoscopy, PENTAX Medical, Smart Medical Systems Ltd., Steris PLC and Stryker Corporation.