Global Colonoscopes Market 2019-2023

Global Colonoscopes Market 2019-2023

About this market

The growing prevalence of intestinal disorders is one of the primary factors driving the global colonoscopes market growth. The rate of diagnostic procedures is increasing with the rising incidence of intestinal diseases such as diverticular disease, cancer, and colitis. And, for diagnosing these diseases advanced minimally invasive diagnostic solutions such as colonoscopes are being used. Therefore, this will drive global colonoscopes market growth. Technavio’s analysts have predicted that the colonoscopes market will register a CAGR of 5% by 2023.

Market Overview

Rising demand for minimally invasive surgeries

One of the growth drivers of the global colonoscopes market is the rising demand for minimally invasive surgeries. This because of the severe complications associated with traditional open surgeries, which is expected to drive the demand for colonoscopes during the forecast period.

Complications associated with the use of colonoscopes

One of the challenges in the growth of global colonoscopes market is the complications associated with the use of colonoscopes. During the colonoscopy procedures, several complications occur such as improper device usage by surgeons, which lead to cross-contamination and infection transmission. This will hamper the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the colonoscopes market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. The vendors in the market are increasing their focus toward disposable colonoscopes because of its several benefits such as 360° views, enhanced visualization, and low risk of perforation. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Colonoscopes Market 2019-2023

Technavio recognizes the following companies as the key players in the global colonoscopes market: Boston Scientific Corporation, FUJIFILM Holdings Corporation, HOYA Corporation, KARL STORZ SE & Co. KG, Olympus Corporation, and STERIS plc.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the emergence of virtual colonoscopes.”

According to the report, one of the major drivers for this market is the rising demand for minimally invasive surgeries.

Further, the report states that one of the major factors hindering the growth of this market is the complications associated with the use of colonoscopes.

Companies Mentioned

Boston Scientific Corporation

FUJIFILM Holdings Corporation

HOYA Corporation

KARL STORZ SE & Co. KG

Olympus Corporation

STERIS plc