Video Colonoscope Market Size & CAGR (2023-2031)
The Video Colonoscope Market is expected to register a CAGR of 6.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Soft and Slim Type, Routine Diagnostic Type, Others); End User (Adult, Pediatric). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Video Colonoscope Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Video Colonoscope Market Segmentation
Type- Soft and Slim Type
- Routine Diagnostic Type
- Others
- Adult
- Pediatric
Strategic Insights
Video Colonoscope Market Growth Drivers- Rising Prevalence of Colorectal Cancer: The rising incidence of colorectal cancer worldwide is one of the primary drivers of the growth of the video colonoscopes market. Because the population is becoming more aware of the importance of early detection, there is a rising number of patients turning up for routine colonoscopies. The waterfall video colonoscope one comes with, allows for better screens and enhanced the effectiveness of screens and early diagnosis of colon cancer, as such conditions require intervention promptly, in order for them to be treated and managed.
- Advancements in Imaging Technology: Technological advancements have also been achieved in the video colonoscopes, such as enhanced picture quality and the visualization during the maneuvers of the device and the fusion of narrow band imaging which are augmenting the accuracy and efficiency of a colonoscopy. These technologies facilitate the visualization of polyps, neoplasms, and change in the epithelium, and hence facilitating the use of video colonoscopes. With the improvement in quality of imaging, there are more and more healthcare providers who prefer the advanced systems in screening and diagnostic activities.
- Increasing Demand for Preventive Healthcare: The causes as to why there is an upsurge in the use of video colonoscopes are also justified by the active global awareness campaigns regarding preventive healthcare and the recent trends targeting screening of diseases including the gastrointestinal ones. Indeed, with more and more individuals opting to undergo tests for the early stages of colon and other digestive system cancers, video colonoscopes are already a common component in every routine and high-risk screening, accelerating their use in medical centers and clinics.
- Integration of Artificial Intelligence (AI): One of the underlying motivations behind the increased growth in the video colonoscope market is the installation of artificial intelligence (AI) systems for the automation of detecting and studying disease conditions. Systems based on AI can help in the detection and classifying of polyps, tumors, or any other lesion more accurately and with lesser margins of error and at an increased speed in diagnosis. It also enhances decision-making on the spot, therefore, making the turnaround of colonoscopy much quicker and dependable, hence the increased appetite in the market.
- Miniaturization and Flexible Designs: One of the prominent trends for video colonoscopes is miniaturization with manufacturers currently designing smaller and flexible devices. Such advances enhance the comfort of the colonoscope for users especially for the child or the elderly. Such a capacity also warrants an increased usage, even in outpatient facilities, minimizing pain and enhancing the overall experience, thus hastening market growth.
- Rise in Home-Based and Virtual Colonoscopies: With such a rising demand for virtual and doorstep services of colonoscopy, the verticals are undergoing a radical change. Such devices that allow remote monitoring, virtual consultation, and screening at home are on the rise. This is because of the many benefits non-invasive methods provide consumers in terms of convenience, lower costs, and less worry on their part. There is an increasing trend for healthcare systems to try and incorporate these to screen the populations of the countries within their jurisdictions.
- Expanding Screening Programs in Developing Regions: Over the past few years concern over the state of economy and health care along with the technology advancements in older generation markets, there is a high change of focus to video colonoscope makers to these markets. Also paying attention to the fact that colorectal cancer threat is on an upward curve and more governments are advocating for the adoption of primary health care strategies to include advanced technologies. Manufacturers can thus enter these growing markets by providing low cost yet high quality video colonoscope’s to the Asia, Africa and Latin America health care markets.
- Innovation in Non-Invasive Colonoscopy Alternatives: A Case Analysis of Sony Corporation non-invasive video colonoscopy alternatives including virtual colonoscopy and capsule endoscopy are growing in demand and thus investment is warranted. In as far as less invasive screenings are concerned, there will be innovations developed that will mix the video colonoscopy technology as it is and other non-invasive procedures. These solutions will also help to reduce the discomfort of patients for regular screening especially for the high-risk group of population.
- Interfacing with telemedicine and other remote diagnostic facilities: The increasing phenomenon of telemedicine and remote diagnostics offers a justification for the manufacturers of video colonoscope equipment to make them compatible with telehealth applications. In this way, video colonoscopy and treatment will become available even to distant and poorly serviced regions of the country. The market seems to widen thanks to video colonoscopes that incorporate AI-enhanced image review and cloud storage that allow remote interpretation of images by clinicians.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Video Colonoscope Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Video Colonoscope Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Ana-Med, EndoMed Systems, Huger Endoscopy Instruments Co., Ltd., SonoScape Medical Corp., KARL STORZ SE & Co. KG, Boston Scientific Corporation, Olympus Corporation, FUJIFILM Corporation, Hoya Corporation, PENTAX Medical some of the major market players operating in the market
Asia Pacific region dominated the video colonoscope market in 2023
The Video Colonoscope Market is estimated to witness a CAGR of 6.8% from 2023 to 2031
North America region dominated the video colonoscope market in 2023
The major factors driving the video colonoscope market are:
1.Rising Prevalence of Colorectal Cancer
2.Advancements in Imaging Technology
3. Increasing Demand for Preventive Healthcare
The Soft and Slim Type segment accounts for highest revenue in type segment in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Video Colonoscope Market - By Type
1.3.2 Video Colonoscope Market - By End User
1.3.3 Video Colonoscope Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VIDEO COLONOSCOPE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VIDEO COLONOSCOPE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VIDEO COLONOSCOPE MARKET - GLOBAL MARKET ANALYSIS
6.1. VIDEO COLONOSCOPE - GLOBAL MARKET OVERVIEW
6.2. VIDEO COLONOSCOPE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VIDEO COLONOSCOPE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOFT AND SLIM TYPE
7.3.1. Overview
7.3.2. Soft and Slim Type Market Forecast and Analysis
7.4. ROUTINE DIAGNOSTIC TYPE
7.4.1. Overview
7.4.2. Routine Diagnostic Type Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. VIDEO COLONOSCOPE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. ADULT
8.3.1. Overview
8.3.2. Adult Market Forecast and Analysis
8.4. PEDIATRIC
8.4.1. Overview
8.4.2. Pediatric Market Forecast and Analysis
9. VIDEO COLONOSCOPE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Video Colonoscope Market Overview
9.1.2 North America Video Colonoscope Market Forecasts and Analysis
9.1.3 North America Video Colonoscope Market Forecasts and Analysis - By Type
9.1.4 North America Video Colonoscope Market Forecasts and Analysis - By End User
9.1.5 North America Video Colonoscope Market Forecasts and Analysis - By Countries
9.1.5.1 United States Video Colonoscope Market
9.1.5.1.1 United States Video Colonoscope Market by Type
9.1.5.1.2 United States Video Colonoscope Market by End User
9.1.5.2 Canada Video Colonoscope Market
9.1.5.2.1 Canada Video Colonoscope Market by Type
9.1.5.2.2 Canada Video Colonoscope Market by End User
9.1.5.3 Mexico Video Colonoscope Market
9.1.5.3.1 Mexico Video Colonoscope Market by Type
9.1.5.3.2 Mexico Video Colonoscope Market by End User
9.2. EUROPE
9.2.1 Europe Video Colonoscope Market Overview
9.2.2 Europe Video Colonoscope Market Forecasts and Analysis
9.2.3 Europe Video Colonoscope Market Forecasts and Analysis - By Type
9.2.4 Europe Video Colonoscope Market Forecasts and Analysis - By End User
9.2.5 Europe Video Colonoscope Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Video Colonoscope Market
9.2.5.1.1 Germany Video Colonoscope Market by Type
9.2.5.1.2 Germany Video Colonoscope Market by End User
9.2.5.2 France Video Colonoscope Market
9.2.5.2.1 France Video Colonoscope Market by Type
9.2.5.2.2 France Video Colonoscope Market by End User
9.2.5.3 Italy Video Colonoscope Market
9.2.5.3.1 Italy Video Colonoscope Market by Type
9.2.5.3.2 Italy Video Colonoscope Market by End User
9.2.5.4 Spain Video Colonoscope Market
9.2.5.4.1 Spain Video Colonoscope Market by Type
9.2.5.4.2 Spain Video Colonoscope Market by End User
9.2.5.5 United Kingdom Video Colonoscope Market
9.2.5.5.1 United Kingdom Video Colonoscope Market by Type
9.2.5.5.2 United Kingdom Video Colonoscope Market by End User
9.2.5.6 Rest of Europe Video Colonoscope Market
9.2.5.6.1 Rest of Europe Video Colonoscope Market by Type
9.2.5.6.2 Rest of Europe Video Colonoscope Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Video Colonoscope Market Overview
9.3.2 Asia-Pacific Video Colonoscope Market Forecasts and Analysis
9.3.3 Asia-Pacific Video Colonoscope Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Video Colonoscope Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Video Colonoscope Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Video Colonoscope Market
9.3.5.1.1 Australia Video Colonoscope Market by Type
9.3.5.1.2 Australia Video Colonoscope Market by End User
9.3.5.2 China Video Colonoscope Market
9.3.5.2.1 China Video Colonoscope Market by Type
9.3.5.2.2 China Video Colonoscope Market by End User
9.3.5.3 India Video Colonoscope Market
9.3.5.3.1 India Video Colonoscope Market by Type
9.3.5.3.2 India Video Colonoscope Market by End User
9.3.5.4 Japan Video Colonoscope Market
9.3.5.4.1 Japan Video Colonoscope Market by Type
9.3.5.4.2 Japan Video Colonoscope Market by End User
9.3.5.5 South Korea Video Colonoscope Market
9.3.5.5.1 South Korea Video Colonoscope Market by Type
9.3.5.5.2 South Korea Video Colonoscope Market by End User
9.3.5.6 Rest of Asia-Pacific Video Colonoscope Market
9.3.5.6.1 Rest of Asia-Pacific Video Colonoscope Market by Type
9.3.5.6.2 Rest of Asia-Pacific Video Colonoscope Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Video Colonoscope Market Overview
9.4.2 Middle East and Africa Video Colonoscope Market Forecasts and Analysis
9.4.3 Middle East and Africa Video Colonoscope Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Video Colonoscope Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Video Colonoscope Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Video Colonoscope Market
9.4.5.1.1 South Africa Video Colonoscope Market by Type
9.4.5.1.2 South Africa Video Colonoscope Market by End User
9.4.5.2 Saudi Arabia Video Colonoscope Market
9.4.5.2.1 Saudi Arabia Video Colonoscope Market by Type
9.4.5.2.2 Saudi Arabia Video Colonoscope Market by End User
9.4.5.3 U.A.E Video Colonoscope Market
9.4.5.3.1 U.A.E Video Colonoscope Market by Type
9.4.5.3.2 U.A.E Video Colonoscope Market by End User
9.4.5.4 Rest of Middle East and Africa Video Colonoscope Market
9.4.5.4.1 Rest of Middle East and Africa Video Colonoscope Market by Type
9.4.5.4.2 Rest of Middle East and Africa Video Colonoscope Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Video Colonoscope Market Overview
9.5.2 South and Central America Video Colonoscope Market Forecasts and Analysis
9.5.3 South and Central America Video Colonoscope Market Forecasts and Analysis - By Type
9.5.4 South and Central America Video Colonoscope Market Forecasts and Analysis - By End User
9.5.5 South and Central America Video Colonoscope Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Video Colonoscope Market
9.5.5.1.1 Brazil Video Colonoscope Market by Type
9.5.5.1.2 Brazil Video Colonoscope Market by End User
9.5.5.2 Argentina Video Colonoscope Market
9.5.5.2.1 Argentina Video Colonoscope Market by Type
9.5.5.2.2 Argentina Video Colonoscope Market by End User
9.5.5.3 Rest of South and Central America Video Colonoscope Market
9.5.5.3.1 Rest of South and Central America Video Colonoscope Market by Type
9.5.5.3.2 Rest of South and Central America Video Colonoscope Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VIDEO COLONOSCOPE MARKET, KEY COMPANY PROFILES
11.1. ANA-MED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ENDOMED SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HUGER ENDOSCOPY INSTRUMENTS CO., LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SONOSCAPE MEDICAL CORP.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KARL STORZ SE AND CO. KG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BOSTON SCIENTIFIC CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OLYMPUS CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FUJIFILM CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HOYA CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PENTAX MEDICAL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Ana-Med
2. EndoMed Systems
3. Huger Endoscopy Instruments Co., Ltd.
4. SonoScape Medical Corp.
5. KARL STORZ SE and Co. KG
6. Boston Scientific Corporation
7. Olympus Corporation
8. FUJIFILM Corporation
9. Hoya Corporation
10. PENTAX Medical
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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