PUBLISHER: The Business Research Company | PRODUCT CODE: 1670869
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670869
A proctoscope is a medical instrument utilized in proctoscopy for the diagnosis of the rectum and anus, allowing for the collection of tissue samples for biopsies. It is primarily employed as a cancer screening tool and aids gastroenterologists in identifying the causes of rectal and anal bleeding, including conditions such as hemorrhoids.
The main types of proctoscopes include closed-end, flute-beaked, illuminated, trunk-end, open-end, and others. A closed-end proctoscope is characterized by a sealed or closed distal end. These proctoscopes may come in disposable or reusable forms and can be made from various materials such as plastic or metal. They find applications in diverse medical procedures, including bronchoscopy, urologic endoscopy, arthroscopy, endoscopy, and proctoscopy. These instruments are utilized by various end users, including hospitals, ambulatory surgical centers, diagnostic centers, and specialty clinics.
The proctoscope market research report is one of a series of new reports from The Business Research Company that provides proctoscope market statistics, including proctoscope industry global market size, regional shares, competitors with a proctoscope market share, detailed proctoscope market segments, market trends, and opportunities, and any further data you may need to thrive in the proctoscope industry. This proctoscope market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The proctoscope market size has grown exponentially in recent years. It will grow from $1.57 billion in 2024 to $2.01 billion in 2025 at a compound annual growth rate (CAGR) of 27.6%. The growth in the historic period can be attributed to increasing prevalence of colorectal diseases, growth in aging population, improvements in diagnostic procedures, rising awareness of colorectal health, expansion of healthcare infrastructure
The proctoscope market size is expected to see exponential growth in the next few years. It will grow to $5.14 billion in 2029 at a compound annual growth rate (CAGR) of 26.5%. The growth in the forecast period can be attributed to growing demand for minimally invasive diagnostic tools, increasing emphasis on early detection of colorectal conditions, expansion of colorectal cancer screening programs, rising healthcare expenditure, customization of proctoscopes for specific diagnostic needs. Major trends in the forecast period include development of disposable proctoscopes, integration of digital imaging in proctoscopy, emphasis on ergonomic design for patient comfort, adoption of teleproctoscopy services, and growth of virtual colonoscopy as an alternative.
The proctoscope market is poised for growth due to the increasing prevalence of colorectal cancer. Colorectal cancer, affecting the colon or rectum, has seen a rise in diagnoses, making the proctoscope-an essential cancer screening tool-integral for viewing the large intestine. With its camera capturing images for real-time monitoring during procedures, the proctoscope aids in the effective diagnosis of colorectal cancer. According to data from the National Cancer Institute (NCI), an estimated 153,020 individuals in the U.S. are expected to be diagnosed with colorectal cancer in 2023, resulting in around 52,550 deaths. Hence, the escalating prevalence of colorectal cancer is a significant driver of the proctoscope market.
The growth of ambulatory surgery centers (ASCs) is another factor set to drive the proctoscope market. Ambulatory Surgical Centers focus on performing surgical procedures without the need for overnight hospital stays. Proctoscopes play a crucial role in ASCs, facilitating various diagnostic and therapeutic procedures by providing direct visualization of the anus and rectum. As reported by VMG Health in September 2023, the total number of Medicare-certified ambulatory surgery centers increased by 2.9%, from 1752 in 2021 to 1804 in 2022. Thus, the expanding number of ambulatory surgery centers contributes significantly to the growth of the proctoscope market.
Technological advancements represent a key trend in the proctoscope market, with major companies investing in new technologies to maintain their market position. For instance, in January 2023, Haemoband Surgical, a UK-based medical device company, introduced the HB-SleeveLUX Proctoscope-a disposable, single-use instrument designed for diagnosing and treating disorders of the lower rectum and anal canal. The device's patented comfort sleeve and locking technology enhance patient comfort and make the application more accessible and practical.
The rise in healthcare expenditures further propels the growth of the proctoscope market. Healthcare expenditures, reflecting the total spending on healthcare services and products, play a pivotal role in facilitating colorectal screening programs and the integration of digital health solutions. In November 2022, the Canadian Institute for Health Information (CIHI) projected a 0.8% increase in total health spending in Canada, from $328 billion in 2021 to $331 billion in 2022. Consequently, the escalating healthcare expenditures contribute to the growth of the proctoscope market.
In November 2023, The Cooper Companies, Inc., a US-based medical device firm, acquired select assets from Cook Medical for $300 million. This acquisition is designed to bolster CooperSurgical's position by integrating complementary products into its existing portfolio. This strategic alignment enhances CooperSurgical's capabilities in minimally invasive medical devices, supporting its growth and expanding its offerings within the obstetrics and gynecology markets. Cook Group Incorporated is a US-based company engaged in the manufacturing of medical devices.
Major companies operating in the proctoscope market include Medline Industries LP, Becton Dickinson & Company, Rocket Medical Plc, Karl Storz SE & Co. KG, Pelican Healthcare Ltd., Puritan Medical Products Co LLC, Richard Wolf GmbH, Heine Optotechnik, Hallmark Surgical Ltd., GPC Medical Ltd., Sklar Corporation, Purple Surgical, Surgical Holdings, Timesco Healthcare Ltd, Griffiths & Nielsen Limited, IndoSurgicals Pvt. Ltd., Faromed GmbH Medizintechnik, Electro Surgical Instrument Company, Parburch Medical Developments Ltd, Surtex Instruments Limited, Novo Surgical Inc., BridgeMaster Medical Ltd, Adler MicroMed Inc., Pauldrach Medical GmbH, Steril Medical, Nopa Instruments Medizintechnik GmbH, Advin Healthcare Private Limited, Medicam India, Taizhou Safefusion Medical Instruments Co. Ltd.
North America was the largest region in the Proctoscope market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the proctoscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the proctoscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The proctoscope market consists of sales of lighted proctoscopes, and pediatric proctoscopes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Proctoscope Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on proctoscope market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for proctoscope ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The proctoscope market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.