Colonoscopy Devices Market, By Type (Visualization Systems, Colonoscopy, and Other Instruments), By End-User (Hospitals & Ambulatory Surgery Centers, Diagnostic Centers, Clinics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Colonoscopy Devices Market was valued at US$ 2.7 billion in 2024 and is projected to grow at a CAGR of 5.5% to reach US$ 4.4 billion by 2034.

Colonoscopy devices are medical surgical instruments that use a flexible tube that passes through the anus to visualize and examine the colon and rectum using a medical camera. These tools are essential for gastrointestinal tract diagnostic and therapeutic operations, as well as for identifying and treating colorectal diseases. Reusable scopes are used during colonoscopy operations. These devices are pliable, fiber-optic devices that pass into the colon after being inserted into the anus.

Technological developments, the growing incidence of colorectal cancer, and consumers' demand for less intrusive procedures are driving the colonoscopy devices market. A report produced by the American Cancer Society in 2023, stated that 153,020 people were diagnosed with colorectal cancer; of those, 52,550 died from the illness, including 19,550 cases and 3750 fatalities among those under the age of 50. It is unknown what causes colorectal cancer; moreover, the likelihood of contracting the illness may be raised by several hereditary and environmental variables. Furthermore, the market is expected to grow due to factors including the introduction of new, promising pharmaceutical candidates shortly, the rise of front-line medicines, and supportive government efforts.

Nonetheless, there are hazards associated with the medical process that must not be disregarded. These hazards are one of the significant reasons that are likely to impede expansion in the worldwide colonoscopy devices market. Additionally, the potential for market expansion is anticipated to be hampered by the emergence of alternative screening techniques.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Colonoscopy Devices Market Key Drivers:

• Rising cases of colorectal cancer

A malignant tumor that develops in the tissues of the colon or rectum is known as colorectal cancer. Due to the rising incidence of colorectal cancer, there is a growing need for colonoscopy devices, which is propelling the market's expansion. A contributing cause to the growth in colorectal cancer cases may be the aging population.

A multitude of fatal illnesses arise from the body's and immune system's gradual deterioration with advancing age. For example, the majority of colorectal cancer cases are found in adults over the age of 50, according to an article published in May 2022 by the American Society of Clinical Oncology. In the United States, the average age of diagnosis for males with colon cancer is 68 years; for women, it is 72 years; and for both genders with rectal cancer, it is 63 years.

• Technological advancements

As the number of instances of illnesses such as Crohn's disease, Lynch syndrome, ulcerative colitis, and colon cancer rises, so does the demand for improvements in the identification and management of these conditions. The market will expand due to the integration of technology like 3D imaging, artificial intelligence, and less invasive procedures in colonoscopy instruments.

Innovations like capsule and virtual colonoscopy use cutting-edge imaging techniques, providing non-invasive alternatives to traditional methods. These modern technologies enable more transparent and precise visualization of the colon, pivotal for detecting abnormalities like polyps. Moreover, advancements in pain relief and soothing methods have improved patient comfort throughout the operation, increasing acceptability and adherence to screening guidelines.

Colonoscopy Devices Market Restrains:

• Risks associated with colonoscopy

Colonoscopies are among the safest operations performed on a large scale worldwide, but there is still a danger linked to these instruments. A colonoscopy is performed to identify or diagnose intestinal problems. The procedure involves inserting a long, flexible tube into the rectum to investigate the bleeding in the gut.

This has various hazards, including the possibility of a soothing response, colon damage, and bleeding after the examination. However, since colonoscopies carry very little danger, the influence of this factor will probably stay small for the foreseeable future.

Colonoscopy Devices Market Opportunities:          

• The global market for colonoscopy devices is likely to have considerable growth potential due to increasing demand among colorectal cancer patients. A number of hospitals worldwide have begun combining 5G and artificial intelligence (AI) with colonoscopy to significantly increase the accuracy of cancer diagnosis. This focus on newly enhanced technology is facilitating the creation of innovative medications.
• As the number of colonoscopy operations rises, so does the need for colonoscopy equipment. For example, Fujifilm India has released a new version of their "CAD EYE" software, incorporating AI technology to detect colonic polyps in real-time during colonoscopy. This technology is crucial for the identification and characterization of colon polyps. Consequently, industry participants are concentrating on creating or releasing innovative gadgets in the market, which will, in turn, drive the market further.

Colonoscopy Devices Market is segmented based on Type, End-User and region:

Type Insights:      

• Visualization Systems:

Visualization systems is a diagnostic technique utilized in the screening process for colorectal cancer. These technologies become more significant when artificial intelligence (AI) and machine learning (ML) combine to provide better picture analysis and decision assistance.

• Colonoscopy:

A colonoscopy is a tiny instrument to diagnose gastrointestinal disorders and colorectal cancer. Colonoscopies are often utilized in colorectal cancer prevention screening initiatives. Routine colonoscopies are advised by many healthcare systems and organizations, particularly for those who are more susceptible to colorectal cancer owing to age, family history, or other risk factors.

• Other Instruments:

This section on other instruments includes a range of supplementary tools and accessories for colonoscopies.

Among the segments mentioned above, the colonoscopy segment dominates the market. As the number of colorectal cancer cases is increasing, the need for colonoscopy devices is also growing.

End-User Insights:

• Hospitals & Ambulatory Surgery Centers:

Hospitals and ambulatory surgery centers are the first choice for patients having colonoscopy procedures. They work with gastroenterologists, endoscopy technologists, and other medical specialists to offer the patients full treatment from physicians, nurses, and hospital personnel.

• Diagnostic Centers:

Diagnostic centers also have colonoscopy equipment, as patients may choose to receive a diagnosis at these facilities. Additionally, diagnostic centers work with local hospitals to supply reports that the physicians use to counsel patients on additional treatments.

• Clinics:

A few clinics work with big hospitals to provide colonoscopy operations. These hospitals assist when needed with the requisite equipment.

• Others:

Research institutes and organizations that partner with hospitals to conduct research and development are included in this category. 

Among the segments mentioned above, hospitals and ambulatory surgery centers dominated the market owing to the number of private hospitals and patients. People refer hospitals for rectal surgeries as they provide appropriate instruments and proper patient care.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Colonoscopy Devices Market Regional Insights

• North America market is estimated to witness a significantly large revenue share over the forecast period, because of the increased incidence of colorectal cancer and the aging population. The region's market is expanding as a result of rising treatment rates, a high national incidence of colorectal cancer, and higher-than-average drug costs.
• Asia Pacific market is estimated to witness the fastest revenue share because of the significant rises in healthcare spending at the governmental and private levels. The adoption of cutting-edge diagnostic tools and the sharp increase in gastrointestinal illnesses, including colorectal cancer, are also anticipated to propel the market in this area. 
• Europe market finds lucrative opportunities owing to the rising incidence of intestinal diseases including colorectal cancer, the increasing need for colonoscopy equipment, and the rising public awareness of colonoscopies in the area.
• The Latin American market is gradually increasing due to growing public health efforts, better healthcare infrastructure, and the rising incidence of colorectal illnesses.
• The Middle East and Africa market is an emerging market due to rising healthcare costs, increased healthcare awareness, and the advancement of healthcare infrastructure. There is a surge in medical tourism in the area, necessitating sophisticated medical facilities, such as colonoscopy treatments.

Report Scope:

Attribute	Details
Market Size 2024	US$ 2.7 billion
Projected Market Size 2034	US$ 4.4 billion
CAGR Growth Rate	5.5%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Visualization Systems, Colonoscopy, and Other Instruments. By End-User - Hospitals & Ambulatory Surgery Centers, Diagnostic Centers, Clinics, and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Colonoscopy Devices Market report based on Type, End-User and region:

Colonoscopy Devices Market, By Type:

• Visualization Systems
• Colonoscopy
• Other Instruments

Colonoscopy Devices Market, By End-User:

• Hospitals & Ambulatory Surgery Centers
• Diagnostic Centers
• Clinics
• Others

Colonoscopy Devices Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Colonoscopy Devices Market include ANAMED, LLC, Avantis Medical Systems, Inc., Neo Endomed Systems Private Limited, Getinge AB, GI-View Ltd., Medical Instrument Co., Ltd., InMotion Medical Ltd., Invendo Medical GmbH, Jindal Medical Ltd, and MedServ, Inc.

Recent Development:

• In March 2023, NVIDIA and Medtronic partnered to advance artificial intelligence (AI) in the healthcare sector and introduce fresh AI-based approaches to patient care. The businesses will incorporate NVIDIA healthcare and edge AI technology into Cosmo Pharmaceuticals' developed and manufactured Medtronic GI Genius intelligent endoscopy module. GI Genius is an AI-assisted colonoscopy technology approved by the FDA that helps doctors find polyps that may indicate colorectal cancer.
• In April 2022, SMART Medical Systems Ltd., a producer of cutting-edge endoscopic devices, announced that its G-EYE colonoscope, which is modeled after Olympus' 510(k) certified PCF colonoscope series, had received additional FDA certification.
• In July 2022, the US Digestive Health ('USDH'), a network of renowned gastrointestinal (GI) providers, revealed that it provided patients with AI-assisted colonoscopy exams using the most extensive installation of GI Genius intelligent endoscopic modules nationwide.

• ANAMED, LLC*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Avantis Medical Systems, Inc
• Neo Endomed Systems Private Limited
• Getinge AB
• GI-View Ltd.
• Medical Instrument Co., Ltd.
• InMotion Medical Ltd.
• invendo medical GmbH
• Jindal Medical Ltd
• MedServ, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.