Flexible Sigmoidoscopy Market Trend- Increasing Awareness About Early Diagnosis and Treatment
Rising prevalence of colorectal cancer across the globe, increasing elderly population, growing awareness about sigmoidoscopy procedure are some key factors expected to drive global Flexible Sigmoidoscopy market growth.
A flexible sigmoidoscopy is a safe medical process performed by inserting a thin, flexible tube into the rectum, and guiding it through the colon. The sigmoidoscope is fitted with a camera that provides a close-up look inside the rectum, sigmoid colon, and large intestine. Over the recent years, there has been a rapid increase in the prevalence of acute gastrointestinal diseases and infections across the globe owing to unhealthy diets, high consumption of alcohol, and changing lifestyles. Other factors such as technological advancements in sigmoidoscopy devices, growing demand for various diseases such as Crohn’s disease, cancerous tumors, polyps, and rising investments in developing novel and advanced devices and equipment are expected to drive global market growth during the forecast period.
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However, high costs of endoscopy procedures, lack of funds for deploying sigmoidoscope devices, and dearth of skilled professionals are some key factors that can hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Diagnostic Segment to Account for Largest Revenue Share:
The diagnostic segment is expected to account for largest revenue share between 2020 and 2027 owing to factors such as increasing prevalence of gastrointestinal diseases and colorectal cancer, rising awareness about early detection and diagnosis of diseases, and rapid adoption of advanced systems in diagnostic centers, and hospitals.
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Hospitals Segment To Register Significant Revenue CAGR:
The hospital segment is expected to register significant revenue CAGR over the forecast period owing to large patient pool, improving healthcare infrastructure, and increasing number of examinations for disease diagnosis.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market growth during the forecast period. This can be attributed to increasing prevalence of colon cancer, colorectal diseases, and other gastrointestinal diseases, growing adoption of advanced devices in health centers, and rising awareness about early diagnosis and treatment.
Major Companies in the Market Include:
- Olympus Corporation
- FUJIFILM Holdings America Corporation
- PENTAX Medical
- KARL STORZ SE & Co. KG
- Parburch Medical Ltd.
- HMB Endoscopy Products
- Bolton Surgical Ltd.
- Welch Allyn
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For the purpose of this report, Emergen Research has segmented the global flexible sigmoidoscopy market on the basis of product type, application, end-users, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Flexible Sigmoidoscope
- Rigid Sigmoidoscope
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Diagnostic Centers
- Ambulatory Surgical Centers
- Gastroenterology Institutes
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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