US Colonoscopy Devices Market Trends, Growth, Industry Analysis and Forecast 2025

The US colonoscopy devices market is estimated to grow modestly at a CAGR of 5.4% during the forecast period. The US is a major contributor to the growth of the colonoscopy devices market. The significantly high number of cases pertaining to colorectal cancer and other colon-related diseases along with easy access to its treatment is anticipated to drive the growth of colonoscopy devices market. According to the American Cancer Society, in 2019, there were 101,420 new cases of colon cancer and 44,180 new cases of rectal cancer. As per the report of the CDC (Centre for Disease Control and Prevention), colorectal cancer is the second leading cause of cancer mortalities among other cancers in the US. Every year, about 140,000 Americans suffer from colorectal cancer, and more than 50,000 mortalities are recorded from it.

Get Sample Copy of US Colonoscopy Devices Market at: https://www.omrglobal.com/request-sample/us-colonoscopy-devices-market

The companies which are contributing to the growth of the US colonoscopy devices market include Boston Scientific Corp., Medtronic PLC, FUJIFILM Holdings Corp., Hoya Corp., and B. Braun Melsungen AG.

Moreover, an initiative from the National Colorectal Cancer Roundtable is a group or organization that aimed to increase the percentage of people screened for colorectal cancer to 80% of the 50 to 75 age group by 2018. This initiative used a mathematical model to estimate how many colonoscopies would be needed to screen 80% of the eligible population and as well as predicted whether the US has enough equipment and facilities to screen 80% of those aged 50 to 75. Along with this, the growing awareness of the effects of colon-related disorders among the public is estimated to drive market growth. Advancement in manufacturing methods of colon related disorders and rising number of colonoscopy device manufacturing companies are again contributing to the growth of the market in the country, owing to the decrease in the cost of these devices when manufactured in the home country.

For More Information, get A full report of US Colonoscopy Devices Market is available at: https://www.omrglobal.com/industry-reports/us-colonoscopy-devices-market

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. For instance, in May 2019, FUJIFILM Medical Systems U.S.A., Inc. announced to build a new "smart" manufacturing facility in the site of FUJIFILM Techno Products Co., Ltd. which is one of the company's production bases for endoscopy products. The new manufacturing facility employs AI and IoT technologies for achieving significant-high production efficiency. The facility will be manufacturing endoscopes compatible with the company's endoscopy systems such as ELUXEO and LASEREO, which use two distinct light wavelengths for observation to support the detection of minute lesions.

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

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/us-colonoscopy-devices-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.