Colonoscopy Bowel Preparation Drugs Market Size and Trends

Colonoscopy Bowel Preparation Drugs Market, By Drug Type (Isosmotic Agents, Hyposmotic Agents, Hyperosmotic Agents, and Combination Agents), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Jun 2023

Code : CMI3641

Pages :173

Formats :

Excel and PDF

Industry : Pharmaceutical

Colonoscopy Bowel Preparation Drugs MarketSize and Trends

Global colonoscopy bowel preparation drugs market is estimated to be valued at US$ 2000.5 million in 2023 and is expected to exhibit a CAGR of 4.9% during the forecast period (2023-2030). The rising prevalence of colorectal cancer is expected to drive the market growth over the forecast period. Moreover, rising research and development activities is expected to boost the growth of the colonoscopy bowel preparation drugs market.

Global Colonoscopy Bowel Preparation Drugs Market- Driver

Increasing incidence of colorectal cancer

Colorectal cancer is one of the most common cancers worldwide. Regular colonoscopy screenings are essential for early detection and prevention. For instance, according to the World Health Organization report in September 2022, globally, it was projected that there were more than 1.9 million new instances of colorectal cancer and more than 930,000 deaths from the disease in 2020. According to WHO estimates, by 2040, there would be 3.2 million new cases of colorectal cancer annually (an increase of 63%) and 1.6 million annual deaths (an increase of 73%). This drives the demand for colonoscopy bowel preparation drugs as they are necessary to cleanse the colon before the procedure.

Growing awareness and emphasis on preventive healthcare

There has been a significant increase in public awareness about the importance of preventive healthcare measures, including regular screenings such as colonoscopies. This has led to a higher demand for colonoscopy procedures, thereby driving the market for bowel preparation drugs. For instance, in March 2022, World Health Organization created Colorectal Cancer Awareness Month 2022 in March to promote healthy lifestyle habits that can decrease a person’s risk of developing cancer of the colon, rectum, or anus – the three distinct cancer types referred to collectively as colorectal cancer.

Figure 2. Global Colonoscopy Bowel Preparation Drugs Market Share (%), by Region, 2023