About this market
The growing prevalence of intestinal disorders is one of the primary factors driving the global colonoscopes market growth. The rate of diagnostic procedures is increasing with the rising incidence of intestinal diseases such as diverticular disease, cancer, and colitis. And, for diagnosing these diseases advanced minimally invasive diagnostic solutions such as colonoscopes are being used. Therefore, this will drive global colonoscopes market growth. analysts have predicted that the colonoscopes market will register a CAGR of 5% by 2023.
Market Overview
Rising demand for minimally invasive surgeries
One of the growth drivers of the global colonoscopes market is the rising demand for minimally invasive surgeries. This because of the severe complications associated with traditional open surgeries, which is expected to drive the demand for colonoscopes during the forecast period.
Complications associated with the use of colonoscopes
One of the challenges in the growth of global colonoscopes market is the complications associated with the use of colonoscopes. During the colonoscopy procedures, several complications occur such as improper device usage by surgeons, which lead to cross-contamination and infection transmission. This will hamper the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the colonoscopes market during 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. The vendors in the market are increasing their focus toward disposable colonoscopes because of its several benefits such as 360° views, enhanced visualization, and low risk of perforation. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.