Qualitative Report on North America Colonoscopes Market Growth, Trends, Demand, Share, Analysis and Market Survey 2022: Fujifilm Corporation, Olympus Corporation, KARL STORZ SE & Co. KG

A new report published by BusinessMarketInsights with title North America Colonoscopes Market provides complete analysis about the market size, share, overview and growth prospects which are impacting the expansion of the industry.  North America Colonoscopes Market report helps consumers to acknowledge the industry challenges and opportunities. The North America Colonoscopes Market report extensively offers the most recent information about the technological developments and market growth prospect on the thought of the regional landscape.

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The North America colonoscopes market is expected to reach US$ 719.03 million by 2028 from US$ 516.92 million in 2021; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

Colorectal cancer is a malignant tumor that develops in the tissues of colon. Colon and rectal cancer are often grouped due to common features of both conditions. Colorectal cancer is the third most common cancer type (excluding skin cancer) diagnosed every year in the US. In 2021, 149,500 adults are estimated to be diagnosed with colorectal cancer in the country. The incidence of this cancer type has been rising in young people since the mid-1990s. Among men and women of age 30–39 in the US, colorectal cancer is estimated to be the fourth most diagnosed cancer. It is estimated to cause 52,980 deaths (28,520 men and 24,460 women) in 2021. Furthermore, it is the second leading cause of cancer death in the country, among men and women combined, while it stands as the third leading cause of cancer death when men and women are considered separately. Such a high prevalence makes it the second most frequently occurring cancer, after breast cancer, and the second leading cause of death, after lung cancer.  In ideal situations, where the cancer is diagnosed in early stages, doctors can remove the tumor via surgical procedures. A colonoscopy is an important screening test for colorectal cancer, and it has become a part of routine cancer screening. The annual count of adults getting screened for cancer surged by 3.3 million in the US during 2014–2016, which is considered a prime factor associated with a 30% decrease in colon cancer mortality rate in people older than 50 in the past decade. In its updated screening guidelines released in 2018, the American Cancer Society quoted colonoscopies as the gold standard for detecting cancers and precancerous polyps in the colon. In addition, studies suggest that colonoscopy can help reduce colorectal cancer incidence by ~40% and mortality by ~50%, which indicates a promising future for the North America colonoscopy devices market growth. Also, to significantly reduce the adenoma “miss rate” of standard forward-viewing colonoscopy, manufacturers across globe are continuously striving to improve the current colonoscopy techniques, by exploring more advanced optics and wider-angle visualization tools along with a user-friendly, intuitive endoscopic platform interface. The introduction of such technologies is fuelling the colonoscope market growth.

Top Key Players within the North America Colonoscopes Market:

Fujifilm Corporation, Olympus Corporation, KARL STORZ SE & Co. KG, PENTAX Medical, Boston Scientific Corporation, Ambu A/S, SonoScape Medical Corp.

Expert Analysis:

The report tracks historical developments and analyzes this scenario and future projections supported optimistic and certain scenarios. The report offers an in depth analysis of the important factors like market dynamics (supply, demand, price, quantity). It includes North America Colonoscopes Market industry volume, market share, market trends, growth aspects, a good range of applications, utilization ratio, supply and demand analysis, manufacturing capacity. The report collects relevant data that permits readers to know individual elements and their interactions within the current market scenario. It focuses on the required modifications for brand spanking new and existing businesses to evolve and adapt to future trends during this market.

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