LAMEA Colonoscope Market Size, Share & Industry Trends Analysis Report By Application (Colorectal Cancer, Ulcerative Colitis, Crohns Disease and Others), By End User (Hospitals, Ambulatory Surgery Centers), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Colonoscope Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
Colonoscopy reduces cancer rates by discovering colon polyps and tumors on the left side of the colon early enough for treatment and a smaller percentage on the right side; many of these left-sided growths could have been found with sigmoidoscopy. Because it typically takes between 10 and 15 years for polyps to develop into cancer in individuals at average risk for colorectal cancer, guidelines recommend waiting ten years between screening colonoscopies.
Although colonoscopy has been widely promoted in the United States as the "gold standard" for colon cancer screening, it has never been tested as a screening technique. Instead, most prospective colonoscopy benefits have been derived from randomized sigmoidoscopy studies. Many of these factors are expected to increase colonoscope demand.
By providing a retrograde view of the lumen or straightening the haustral folds during withdrawal, colonoscopy instruments can detect lesions in the proximal portion of colonic folds. In addition, it enhances metrics related to the results of the examination and quality indicators. The demand for colonoscopies in surgical facilities is expected to rise due to associated benefits over other treatment options, such as better accuracy, precision, and safety.
The expansion of the UAE's medical equipment industry is comparable to other industries. Since UAE produces comparatively few medical devices domestically, this presents major business prospects for foreign firms. Despite this, the pandemic has prompted the UAE to investigate the local production of some medical equipment. The sector of medical devices in the UAE is dominated by diagnostic equipment. This developing industry and the government's positive stance towards the development of the medical device sector are anticipated to contribute to the expansion of the colonoscope market.
The Brazil market dominated the LAMEA Colonoscope Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $30.3 Million by 2028. The Argentina market is experiencing a CAGR of 11.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.2% during (2022 - 2028).
Based on Application, the market is segmented into Colorectal Cancer, Ulcerative Colitis, Crohns Disease and Others. Based on End User, the market is segmented into Hospitals, Ambulatory Surgery Centers and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Colonoscope Market is Projected to reach USD 1.7 Billion by 2028, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Stryker Corporation, Olympus Corporation, Fujifilm Holdings Corporation, Ambu A/S, Boston Scientific Corporation, SonoScape Medical Corp., Daichuan Medical (Shenzhen) Co., Ltd. (EndoFresh), and EndoMed Systems GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Colorectal Cancer
- Ulcerative Colitis
- Crohns Disease
By End User
- Ambulatory Surgery Centers
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Stryker Corporation
- Olympus Corporation
- Fujifilm Holdings Corporation
- Ambu A/S
- Boston Scientific Corporation
- SonoScape Medical Corp.
- Daichuan Medical (Shenzhen) Co., Ltd. (EndoFresh)
- EndoMed Systems GmbH
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