PUBLISHER: Grand View Research | PRODUCT CODE: 1678702
PUBLISHER: Grand View Research | PRODUCT CODE: 1678702
The global colonoscopes market size is anticipated to reach USD 3.9 billion by 2030 and is anticipated to grow at a CAGR of 8.72% from 2025 to 2030, according to a new report by Grand View Research, Inc. The colonoscopes market is experiencing significant growth due to the increasing incidence of colorectal diseases, including colorectal cancer and inflammatory bowel disease (IBD). Colorectal cancer is one of the most common cancers globally, and its prevalence is on the rise. According to the World Health Organization (WHO), it accounts for a substantial percentage of cancer-related deaths each year. This escalation necessitates early detection and intervention, which colonoscopes facilitate through routine screenings and diagnostic procedures. For instance, in 2022, around 1,926,425 new cases of colorectal cancer were recorded, according to World Cancer Research Fund statistics, among which 1,069,446 and 856,979 new cases were reported in men and women respectively.
The shift towards preventive healthcare has led several countries to implement screening guidelines, advocating for routine colonoscopies, especially for individuals over the age of 50 or those with risk factors. Initiatives that emphasize the importance of early detection and provide information about available screening options have heightened awareness, resulting in increased demand for colonoscopy procedures.
As populations aged, particularly in developed countries, the demand for colonoscopy procedures is expected to rise. Older adults are at a higher risk for colorectal diseases and therefore require more frequent screenings. The World Population Ageing report indicates that the number of people aged 65 and older will continue to grow, placing further importance on healthcare services that cater to this demographic. This trend offers a substantial opportunity for growth in the colonoscope market as healthcare systems adapt to meet the needs of an aging population.