Market Overview:
The global virtual colonoscopy market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing incidence of colorectal cancer, technological advancements in CT scanners and MRI scanners, and rising demand for minimally invasive procedures. Based on type, the global virtual colonoscopy market can be segmented into CT scanners colonoscopy and MRI scanners colonoscopy. The CT scanner segment is expected to account for a larger share of the market in 2018 owing to its higher adoption rate across hospitals and clinics. However, the MRI scanner segment is projected to grow at a higher CAGR during the forecast period due its advantages over other imaging technologies such as lower radiation exposure and better soft-tissue contrast resolution. Based on application, the global virtual colonoscopy market can be divided into hospital and clinic settings. The hospital setting accounted for a larger share of the overall market in 2017 owing to increased use of virtual Colonoscopies (VC) for diagnosis purposes in this setting.
Product Definition:
A virtual colonoscopy (VC) is a medical imaging procedure that uses computed tomography (CT scanning) to view the inside of the colon and rectum. A regular colonoscopy involves inserting a tube with a camera into the rectum, but a VC does not require an insertion of any device. Instead, data from CT scans are used to create three-dimensional images of the inside of the bowel. These images can be viewed on a computer screen or printed out for further study.
A virtual colonoscopy is an important tool for detecting colorectal cancer and other diseases in their early stages, when they are most treatable. It can also be used to examine polyps and other abnormal growths in the intestine.
CT Scanners Colonoscopy:
Colonoscopy is a procedure to examine the inner lining of the colon and rectum. During this test, a flexible tube called as a colonoscope is inserted into the intestine through the mouth and then it gets removed after few minutes. This process allows doctors to take biopsy samples from inside the body which helps in diagnosis and also provides effective treatment for various diseases such as cancer, polyps or tumors, inflammation or infection along with removing impacted stool (polyp) if present.
MRI Scanners Colonoscopy:
MRI scanners colonoscopy and virtual colonoscopy are medical imaging procedures that allow the examination of the entire length of the large intestine (colon) without removing it from body. These procedures are performed to evaluate or treat diseases such as inflammatory bowel disease, Crohn's disease, cancer, and other conditions. The images obtained by these devices help in showing abnormalities associated with intestinal tract which may not be visible in a normal view.
Application Insights:
Based on application, the global virtual colonoscopy market is segmented into hospital and clinic. The hospital segment dominated the overall market in terms of revenue in 2017 owing to factors such as high demand for minimally invasive procedures and increasing awareness about colorectal cancer screening. In addition, an increase in hospitals offering diagnostic imaging services is expected to boost growth over the forecast period. Virtual colonoscopy can be performed using CT scanners or MRI scanners; however, clinics are more likely to adopt technology owing to cost-effectiveness and efficiency advantages offered by these devices over conventional methods.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, advanced healthcare infrastructure, and high adoption rate of advanced technologies. Moreover, increasing prevalence of colorectal cancer is expected to drive regional growth over the forecast period. According to NCBI, approximately 148,000 people will be diagnosed with colon cancer and 49% will die within one year from diagnosis.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising incidences associated with chronic diseases such as diabetes and obesity which result into digestive system disorders such as Gastroesophageal Reflux Disease (GERD) & Irritable Bowel Syndrome (IBS).
Growth Factors:
- Increasing incidence of colorectal cancer: The incidence of colorectal cancer is increasing at an alarming rate across the globe. This is primarily attributed to the changing lifestyle and dietary habits. Virtual colonoscopy offers a non-invasive alternative to traditional colonoscopy for the diagnosis of colorectal cancer, which is expected to boost the demand for virtual colonoscopy in the coming years.
- Growing awareness about virtual colonoscopy: There is a growing awareness about virtual colonoscopy among healthcare professionals and patients alike due to its many advantages over traditional methods such as lower cost and reduced radiation exposure. This is likely to fuel demand for virtual Colonoscopy in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual Colonoscopy Market Research Report
By Type
CT Scanners Colonoscopy, MRI Scanners Colonoscopy
By Application
Hospital, Clinic
By Companies
Boston Scientific, Fujifilm Holdings, HOYA Group, KARL STORZ, OLYMPUS, ANA-MED, Avantis Medical Systems, Endomed Systems, Getinge Group, GI-View, Boston Scientific, InMotion Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Virtual Colonoscopy Market Report Segments:
The global Virtual Colonoscopy market is segmented on the basis of:
Types
CT Scanners Colonoscopy, MRI Scanners Colonoscopy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- Fujifilm Holdings
- HOYA Group
- KARL STORZ
- OLYMPUS
- ANA-MED
- Avantis Medical Systems
- Endomed Systems
- Getinge Group
- GI-View
- Boston Scientific
- InMotion Medical
Highlights of The Virtual Colonoscopy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CT Scanners Colonoscopy
- MRI Scanners Colonoscopy
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Virtual Colonoscopy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A virtual colonoscopy is a procedure that uses imaging technology to create a three-dimensional image of the inside of your colon. This image can then be used to guide the placement of instruments during a traditional colonoscopy.
Some of the key players operating in the virtual colonoscopy market are Boston Scientific, Fujifilm Holdings, HOYA Group, KARL STORZ, OLYMPUS, ANA-MED, Avantis Medical Systems, Endomed Systems, Getinge Group, GI-View, Boston Scientific, InMotion Medical.
The virtual colonoscopy market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Virtual Colonoscopy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Virtual Colonoscopy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Virtual Colonoscopy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Virtual Colonoscopy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Virtual Colonoscopy Market Size & Forecast, 2020-2028
4.5.1 Virtual Colonoscopy Market Size and Y-o-Y Growth
4.5.2 Virtual Colonoscopy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 CT Scanners Colonoscopy
5.2.2 MRI Scanners Colonoscopy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Virtual Colonoscopy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Virtual Colonoscopy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 CT Scanners Colonoscopy
9.6.2 MRI Scanners Colonoscopy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 CT Scanners Colonoscopy
10.6.2 MRI Scanners Colonoscopy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 CT Scanners Colonoscopy
11.6.2 MRI Scanners Colonoscopy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 CT Scanners Colonoscopy
12.6.2 MRI Scanners Colonoscopy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 CT Scanners Colonoscopy
13.6.2 MRI Scanners Colonoscopy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Virtual Colonoscopy Market: Competitive Dashboard
14.2 Global Virtual Colonoscopy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 Fujifilm Holdings
14.3.3 HOYA Group
14.3.4 KARL STORZ
14.3.5 OLYMPUS
14.3.6 ANA-MED
14.3.7 Avantis Medical Systems
14.3.8 Endomed Systems
14.3.9 Getinge Group
14.3.10 GI-View
14.3.11 Boston Scientific
14.3.12 InMotion Medical
