Asia-Pacific colonoscopy devices market is estimated to grow significantly at a CAGR of 6.5% during the forecast period. The major economies which are contributing to the market are China, India, South Korea, and Japan. These economies are calculated to be a significant contributor in the colonoscopy devices market of the region. Along with these economies, Australia, Indonesia, and Thailand are the other major regions with advanced healthcare facilities and will show a significant growth rate during the forecasted period. This can be attributed to substantial economic growth, increasing demand for the diagnosis of colorectal cancer coupled with the increasing prevalence of colorectal cancer cases, and improving healthcare infrastructure.
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Asia-Pacific colonoscopy devices market is driving significantly due to increasing incidences of colorectal cancer in countries such as China and India. For instance, according to the European Society for Medical Oncology, in China, the most common cancer among women is colorectal, breast, lung, gastric and esophageal cancer. These all are accounted for approximately 58% of all cancer cases in China in 2017. The prime reason for such prevalence in China is changing lifestyles and increasing obesity which increases the risk of developing colon cancer.
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The companies which are contributing to the growth of the Asia-Pacific colonoscopy devices market include Boston Scientific Corp., FUJIFILM Holdings Corp., Hoya Corp., Olympus Corp., and Karl Storz GmbH & Co.
Asia-Pacific Colonoscopy Devices Market by Type
- Conventional Colonoscopy
- Virtual Colonoscopy
Asia-Pacific Colonoscopy Devices Market by End-User
- Rest of Asia-Pacific
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