China Colonoscopy Devices Market Size, Share and Forecast 2019-2025

China colonoscopy devices market is estimated to grow considerably at a CAGR of 6.7% during the forecast period. China holds a significant share in the colonoscopy devices market. This has resulted due to the increasing prevalence of colon cancer and colorectal cancer researches in China.

According to Hong Kong Cancer Registry, in 2017, the most frequently diagnosed cancers for both men and women in Hong Kong were colorectum cancer with 17.0% of all new cancer cases, lung cancer with 15.7%, breast cancer with 13.3%, prostate cancer with 6.8% and liver with 5.5%. Such five leading cancers represented over half of all new cancer cases, that is 58.3%. The growing trend of these cancers in China has led by a substantial rise in the aging population and changing lifestyle.

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In addition, China's healthcare expenditure has grown rapidly in the past year. It is projected to grow with a rate of 8.4% annually, on average, in that period, as per the estimate from Health Affairs. The growth will mainly be driven by rapid increases in services per case of disease and unit cost, which respectively contributes to 4.3 and 2.4 percentage points. Such increasing healthcare expenditure is creating a path for the growth of colorectal cancer diagnosis and colonoscopy devices market in the country. Additionally, an awareness program by the National Cancer Institute is also expected to influence people for a screening of colon and rectal disease.

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China Colonoscopy Devices Market Segmentation

By Type
o Conventional Colonoscopy
o Virtual Colonoscopy

By End-User
o Hospitals
o Clinics
o Others

Company Profiles
o Ambu A/S
o B. Braun Melsungen AG
o Boston Scientific Corp.
o FUJIFILM Holdings Corp.
o Guangzhou MeCan Medical Devices Co., Ltd.
o Hoya Corp.
o Karl Storz GmbH & Co.
o Medtronic PLC
o Olympus Corp.
o Sonoscape Medical Corp.

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