Global Colonoscopy Devices Market: Regional Insights
Based on geography, the global colonoscopy devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to gain highest share in the market during the forecast period owing to the increasing prevalence of intestinal disorders, increasing incidence of colorectal cancer, and increasing demand for colonoscopy devices in the region. For instance, colonoscopy is widely used for diagnosis and treatment of colon disorders. Colorectal cancer is a most common cancer diagnosed in both men and women in the U.S. According to the American Cancer Society, 1 in 23 men and 1 in 24 women will develop this cancer at some point in their lives. Over 106,970 new cases of colon cancer and 46,050 new cases of rectal cancer will be diagnosed in 2023.
Europe is also expected to witness robust growth in the global colonoscopy devices market owing to the increasing prevalence of intestinal disorders, such as colorectal cancer, increasing demand for colonoscopy devices, and increasing awareness among people about colonoscopy in the region. For instance, according to the World Health Organization (WHO), in Europe, colorectal cancer is considered the second-most common cause of cancer mortality in men and women. It is the second-most common form of cancer in women, after breast cancer, and the third-most common in men, after lung and prostate cancers, driving the market growth.
Colonoscopy Devices Market Report Snapshots
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