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Virtual Colonoscopy Software Market Share, Trends, Size, Major Players And Forecast To 2033
Virtual Colonoscopy Software Market Share
As per the report, 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 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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Impact Of Rising Colorectal Cancer Incidence On The Virtual Colonoscopy Software Market
The increasing incidents of colorectal cancer are expected to propel the growth of the virtual colonoscopy software market going forward. 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. For instance, in September 2022, according to the International Agency for Research on Cancer, a France-based government agency, it was estimated that by 2040, there would be 3.2 million new cases and 1.6 million deaths attributed to colorectal cancer each year, representing a significant increase from 1.9 million newly diagnosed patients and 930,000 deaths in 2020. Therefore, increasing incidents of colorectal cancer are driving the growth of the virtual colonoscopy software market.
Advancements In Ai-Based Endoscopy Transforming The Virtual Colonoscopy Software Market
Major companies operating in the virtual colonoscopy software market are focused on adopting advanced technical solutions, such as AI-based endoscopy to sustain their position in the market. AI-based endoscopy refers to the use of artificial intelligence (AI) technology in gastrointestinal (GI) endoscopy procedures. For instance, in August 2022, Medtronic PLC, a US-based medical device company, launched the GI Genius module, an artificial intelligence-driven endoscopy module for treating colorectal cancer. This module uses artificial intelligence and deep learning algorithms to assist physicians in detecting and treating colorectal cancer. It provides enhanced visualization during colonoscopy and uses AI software to highlight suspicious polyps in real-time. The module is a significant development that can help with the early detection of colorectal cancer.
The virtual colonoscopy software market covered in this report 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
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Major players in the virtual colonoscopy software market are Hitachi Medical Corporation, Medtronic PLC, Siemens Healthineers, Koninklijke Philips N.V., Boston Scientific Corporation, Olympus Corporation, GE HealthCare Technologies Inc., Hologic Inc., Stony Brook University, Carestream Health, Toshiba Medical Systems Corporation, Barco NV, Agfa Healthcare, Cybernet Systems Co. Ltd., Intelerad Medical Systems Incorporated, Canon Medical Informatics Inc., TeraRecon Inc., iCAD Inc., Median Technologies, LEXION Medical LLC, Mentice Inc., Pie Medical Imaging, Ziosoft USA Inc., EDDA Technology Inc., Intrasense SA, Volumina Medical, Medweb, Viatronix Inc., Voxel-Q.
Contents of the report:
1. Executive Summary
2. Virtual Colonoscopy Software Market Report Structure
3. Virtual Colonoscopy Software Market Trends And Strategies
4. Virtual Colonoscopy Software Market - Macro Economic Scenario
5. Virtual Colonoscopy Software Market Size And Growth
…..
27. Virtual Colonoscopy Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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