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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 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.