Asia Colonoscopy Devices Market Worth $854.6 Million by 2019

Thursday 17 November 2016, Amsterdam

The Report, now available on ASDReports, “Asia Colonoscopy Devices Market by Type (Colonoscope, Visualization Systems, Other Instruments and Accessories), by End-User (Hospitals, Clinics), by Geography – Analysis & Forecast to 2019” is estimated to reach worth $854.6 million by 2019, growing at a CAGR of 12.1% from 2014 to 2019.

Colonoscopy devices are used in the medical procedures to examine larger bowel and a distal part of the small bowel, with the use of a CCD camera or a fiber optic camera. Colonoscopy devices provide visual diagnosis and helps in the biopsy procedure or removal of suspected colorectal cancer lesions.

Major factors influencing the growth of the Asia colonoscopy devices market are increased investments, funds, and grants by governmental bodies, rise in patient preference for minimally invasive surgeries, growing incidence of geriatric population, and technological advancements.  

A pivotal factor that propels the growth of the colonoscopy market is the rapid rise in the number of geriatric people, who are prone to gastrointestinal cancer. As per the World Health Organization (WHO), between 2000 and 2050, the proportion of the world's population that is aged 60 years will double from 11% to 22%. Aging population is considered as the major end-user of gastrointestinal endoscopy and colonoscopy procedures. Hence, increase in the percentage of elderly population and age-related ailments are expected to propel the overall demand and consumption of colonoscopy devices.

This market is segmented and forecast on the basis of type, end-user, and geography. By type, this market is further classified into colonoscope, visualization system, and other instruments & accessories.   The market is segmented on the basis of end-users into hospitals and clinics. Further, with respect to geography, the market is segmented into Japan, China, India, Korea, and rest of Asia (RoA).

The report offers a comprehensive overview of market share and value chain analysis, in addition to market metrics, such as drivers, restraints, and upcoming opportunities. It also presents competitive landscape and company profiles of key players thriving in this market.