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Virtual Colonoscopy Software Market Report 2024-2033: Market Size, Growth, Share, Scope And Key Trends | Hitachi Medical Corporation, Medtronic PLC, Siemens Healthineers, Koninklijke Philips N.V., Boston Scientific Corporation
Virtual Colonoscopy Software Market
The Business Research Company's Virtual Colonoscopy Software Global Market Report 2024 identifies increasing incidents of colorectal cancer as the major driver for the Virtual Colonoscopy Software market's growth in the forecast period. Colorectal cancer is a type of cancer that develops in the tissues of the colon or rectu*m. Virtual colonoscopy software plays an essential role in colorectal cancer by providing a minimally invasive and non-invasive method for screening and detecting abnormalities in the colon.
The virtual colonoscopy software market size has grown strongly in recent years. It will grow from $31.19 billion in 2023 to $33.69 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to advancements in imaging technology, aging population, remote consultations, reimbursement policies. The virtual colonoscopy software market size is expected to see strong growth in the next few years. It will grow to $44.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
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Major competitors in the Virtual Colonoscopy Software market are Hitachi Medical Corporation, Medtronic PLC, Siemens Healthineers, Koninklijke Philips N.V., Boston Scientific Corporation.
A key trend in the Virtual Colonoscopy Software market includes rise in disease and death from several chronic diseases. Chronic diseases refer to long-lasting conditions that usually can be controlled but not cured. The rise in disease and death from several chronic diseases such as rectal cancer, colon cancer, and other gastrointestinal (GI) bleeding-related disorders has surged the incidence of diagnostic screening procedures for different intestinal diseases. This has led to an increase in the demand for virtual colonoscopy software, which can help avert colorectal cancer by identifying and removing polyps before they become cancerous. For instance, in January 2022, according to research published by the American Cancer Society, a US-based health organization, in the US, 609,360 cancer deaths and 1.9 million new cancer cases are anticipated in 2022. It is about 1,670 fatalities each day. Therefore, the rise in disease and death from several chronic diseases is driving the growth of the virtual colonoscopy software market.
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The Virtual Colonoscopy Software market is segmented -
1. By Product Type: Two Dimensional (2D), Three Dimensional (3D)
2. By Deployment: On-Premises, Cloud-based
3. By Application: Polyps, Crohn's Disease, Ulcerative Colitis, Colorectal Cancer (CRC), Diverticulosis, Stenosis
4. By End-User: Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgical Centers
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Virtual Colonoscopy Software market.
The Business Research Company's "Global Virtual Colonoscopy Software Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Virtual Colonoscopy Software Market Include:
1. Executive Summary
2. Virtual Colonoscopy Software Market Characteristics
3. Virtual Colonoscopy Software Market Trends And Strategies
4. Virtual Colonoscopy Software Market - Macro Economic Scenario
5. Global Virtual Colonoscopy Software Market Size and Growth
……
32. Global Virtual Colonoscopy Software Market Competitive Benchmarking
33. Global Virtual Colonoscopy Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Virtual Colonoscopy Software Market
35. Virtual Colonoscopy Software Market Future Outlook and Potential Analysis
36. Appendix
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