DUBLIN, April 27, 2021 /PRNewswire/ — The “Colonoscopy Devices – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
Cancer Screening Suffers a Pandemic Induced Setback
The world marketplace for Colonoscopy Devices is anticipated to hunch by -8.2% within the 12 months 2020, earlier than recovering to succeed in a revised US$1.9 billion by the 12 months 2027, trailing a 3.8% CAGR over the evaluation interval2020 to 2027.
Six months into the pandemic, the COVID-19 disaster continues to evolve & reveals no indicators of receding. Endoscopy the mainstay for the analysis & administration of colorectal most cancers is coming underneath stress as COVID-19 continues to unfold. All non-urgent procedures are being both rescheduled or changed by different biomarkers.
Even as hospitals reopen for routine care, scarcity of P.P.E & better consideration to endoscopic room hygiene & disinfection are impacting affected person throughput charges. The low ranges of screening raises the danger of missed, delayed analysis & greater mortality. In quick, the pandemic is having a detrimental impression on the financial system and healthcare. The threat of contracting the an infection in healthcare settings is discouraging individuals from screening and remedy for varied situations together with most cancers. Colorectal most cancers screening has declined drastically within the US, risking as much as 18,000 delayed or missed diagnoses between March and June.
This is anticipated to say no the marketplace for colonoscopy gadgets for the 12 months 2020. However, with out well timed screening, the state of affairs is anticipated to adversely impression most cancers sufferers, main to extend in colorectal most cancers mortalities. These undiagnosed sufferers are at a excessive threat of going through adversarial results of the situation. In addition, prolonged look forward to remedy is rising the danger of most cancers development amongst sufferers. The state of affairs is anticipated to impression development prospects for the 12 months 2020. A key pattern which is evolving is the shift away from reusable scopes to disposable plastic variants attributable to fears of COVID-19 unfold through droplets & fecal shedding.
In the submit pandemic interval, development will come from the rising give attention to magnetically-driven robotic platform. Recent advances within the discipline of endoscopy give attention to subtle robotic strategies together with energetic locomotion choices to mitigate affected person discomfort and ache with out compromising over process reliability and diagnostic efficacy. Researchers are combining the improved affected person tolerability and low invasiveness of WCE with choices to make sure diagnostic in addition to remedy in a single session.
Magnetically-driven robotic platform is anticipated to emerge as a compelling substitute to conventional colonoscopy owing to its minimally-invasive nature and low affected person discomfort. These platforms assist teleoperated robotic steering of an modern, painless and soft-tethered system for top efficacy and accuracy.
Embedded on the capsule, the interior magnet is managed by an exterior magnet related to robotic arm that strikes the magnet over the affected person’s stomach. An endoscopist straight guides the capsule with enhanced reliability and controllability. The approach is prone to turn out to be a preferred possibility for colon inspection because it ensures snug analysis or remedy. The methodology leverages human-robot interplay to scale back invasiveness and enhance diagnostic reliability and accuracy.
In addition, colonoscopy affords a number of different advantages over different different remedy choices, when it comes to accuracy, remedy security, and precision, that are anticipated to additional drive the demand for colonoscopes in surgical facilities. Colorectal most cancers represents the most important software space for colonoscopy gadgets, pushed by the rising prevalence of colorectal most cancers globally.
In distinction to invasive surgical procedures, colonoscopy procedures don’t require any incision, which is prone to considerably increase the demand for colonoscopy gadgets. Moreover, the variety of colonoscopy procedures will enhance quickly because of the anticipated growth within the therapeutic capabilities of colonoscopes.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Drop in Colorectal Cancer Screenings attributable to COVID-19 Crisis Impacts the Colonoscopy Devices Market
- Colonoscopy: The Journey from Conventional Devices to Robotic Platform
- Existing CRC Diagnostic Approaches
- Conventional Colonoscopy
- CT-Scan/Virtual Colonoscopy
- Wireless Capsule Endoscopy (WCE)
- Increasing Focus on Magnetically-Driven Robotic Platform
- Colonoscopy Devices Market Prospects and Outlook
- Regional Market Perspective
- Leading Players
2. FOCUS ON SELECT PLAYERS (Total 17 Featured):
- FUJIFILM Holdings America Corporation
- GI View Ltd
- HUGER Medical Instrument Co.,Ltd
- KARL STORZ SE & Co. KG
- MECAN MEDICAL EQUIPMENT CO LTD
- Medtronic Plc
- Olympus America
- PENTAX Medical
- Pro Scope Systems
- Sonoscape Medical Corp.
- STERIS Plc
3. MARKET TRENDS & DRIVERS
- Colorectal Cancer Mortality and Screening Trends within the US
- Percentage Breakdown of New Cases for Colon and Rectum Cancers by Gender (2019)
- Growing Preference for Minimally Invasive Surgeries Drives Demand for Colonoscopy techniques
- Aging Population Drives Demand for Colonoscopy Devices
- Global Population of 65+ Individuals (In 000s) by Region for the Years 2015, 2020 & 2025
- Colorectal Cancer Burden Gradually Shifts from Older Individuals to Younger Population
- Increasing Healthcare Expenditure to Foster Growth
- World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018
- Per Capita Healthcare Expenditure (in $) by Select Countries for 2018
- Recent Technological Advancements and Launches Drive Market Growth
- Prepless, Ingestible Imaging Capsule to Screen Colorectal Cancer
- Artificial Intelligence to Hold Instrumental Role in Timely Identification of Colorectal Cancer throughout Colonoscopy
- Invendo Medical Develops Single-use Invendoscope SC200 with OEM Peristaltic Pumps
- SMART Medical Systems Introduces G-EYE 760R Colonoscope in Europe
- Fujifilm Europe Launches CAD EYE Function for Real-Time Identification of Colonic Polyp throughout Colonoscopy
- Motus GI Introduces Pure-Vu GEN2 Colon Cleansing System for Colonoscopy Bowel Preparation
- Demand Increases for Colon Capsules
- World Capsule Endoscopy Market by Product Segment (%): 2019E
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 17
For extra details about this report go to https://www.researchandmarkets.com/r/94ghaz
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