Colonoscopy is endoscopic examination of the large bowel and the distal part of the small bowel with a camera or a fiber optic camera on a flexible tube passed through the anus. It is a medical test to help find potential problems, such as colorectal cancer or polyps. Polyps are small growths. They are not cancer, but they can turn into a cancer. Therefore, there is an increasing demand for colonoscopy devices around the world.

Market Dynamics:

Growing burden of colorectal cancer, increasing number of colonoscopy procedures, high demand for novel, technologically advanced colonoscopy devices, and increasing awareness among people about colonoscopy are major factors expected to propel growth of the global colonoscopy devices market during the forecast period.

For instance, in April 2022, SMART Medical Systems announced an additional Food and Drug Administration (FDA) clearance for its G-EYE Colonoscope, based on Olympus' 510(k) cleared PCF colonoscope series. With this additional FDA clearance, G-EYE is now available for use in the U.S. market on the commonly used colonoscope models of all three leading endoscopy brands, such as OLYMPUS, FUJIFILM, and PENTAX Medical.

However, risk associated with colonoscopy procedures and the availability of alternative screening options are major factors expected to hamper the market growth.

Key features of the study:

• This report provides in-depth analysis of the global colonoscopy devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global colonoscopy devices market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Karl Storz SE & Co. KG, Olympus Corporation, Endo Med Systems GmbH, HOYA Corporation, Getinge AB, Avantis Medical Systems, Boston Scientific Corporation, and FUJIFILM Holdings Corporation, among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global colonoscopy devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global colonoscopy devices market.

Detailed Segmentation:

• Global Colonoscopy Devices Market, By Component:
  • Colonoscope
  • Visualization Systems
  • Others
• Global Colonoscopy Devices Market, By End User:
  • Hospitals and Ambulatory Surgery Centers
  • Diagnostic Centers
  • Clinics
• Global Colonoscopy Devices Market, By Geography:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Company Profiles:
  • Karl Storz SE & Co. KG
  • Olympus Corporation
  • Endo Med Systems GmbH
  • HOYA Corporation
  • Getinge AB
  • Avantis Medical Systems
  • Boston Scientific Corporation
  • FUJIFILM Holdings Corporation