UK Colonoscopy Devices Market Growth, Size, Share, Industry Analysis and Forecast 2025

UK colonoscopy devices market is estimated to grow considerably at a CAGR of 6.0% during the forecast period. UK comprises nations such as England, Scotland, Wales and Northern Ireland with a total population of the country in 2017 around 65 million, as per the European Commission. Inflammatory bowel disease is one of the key chronic digestive diseases prevalent in the country. The disease is caused by a number of factors including the unhealthy lifestyle such as smoking, alcohol consumption, and so other. Moreover, the rising prevalence of Crohn's disease in the country is also augmenting the demand for diagnostic and treatment. It is observed that smoking is one of the key reasons which promotes the prevalence of bowel disease in the working-age population. The percentage of population smoking in UK is majorly between the age group of 25-34. As per Office for National Statics, in 2018, 14.7% out of total population over 18 years smoke in the country whereas the proportion is 19.2% in the age range of 25-34 years. Owing to this, the prevalence of bowel disease is expected to increase, thereby creating demand for colonoscopy in the near future.

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The companies which are contributing to the growth of UK colonoscopy devices market include Boston Scientific Corp., FUJIFILM Holdings Corp., Hoya Corp., Olympus Corp., and Karl Storz GmbH & Co.

As per WHO, colorectum cancer had the fourth highest prevalence of all cancer in 2018 in UK. Around 47,900 new cases of colorectum cancer were registered in the country in 2018 which is around 10.7% of the total new cases of all the types of cancer in the country. Such a high prevalence of colorectum cancer is expected to create a significant demand for colonoscopy devices during the forecast period. As per Bowel Cancer UK, around 268,000 people are living in the country who have been diagnosed with bowel cancer in 2019.

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Around 1 in 15 men and 1 in 18 women will be diagnosed with bowel cancer during their lifetime. These facts and figures reflect the growth opportunities for the colonoscopy devices market in the country. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

Colonoscopy Devices Market by Type

o Conventional Colonoscopy
o Virtual Colonoscopy

Colonoscopy Devices Market by End-User

o Hospitals
o Clinics
o Others

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