Europe Colorectal Procedure Market

The Europe colorectal procedure market is expected to grow from US$ 5,067.96 million in 2022 to US$ 10,520.15 million by 2028. It is estimated to grow at a CAGR of 12.9% from 2022 to 2028.

Increasing Prevalence of Colorectal Cancer Fuels North America colorectal Procedure market

Colorectal cancer is one of the most commonly found and lethal cancers developed in individuals with the combined influence of genetic and environmental factors. According to the World Health Organization (WHO), colorectal cancer is the third most prevalent form of cancer, with ~1.93 million global cases in 2020. Furthermore, colorectal cancer mortality and incidence rates vary globally, and ~916,000 deaths in 2020 were due to colorectal cancer. It is the third most common cancer in men and the second most common cancer in women. The lifetime risk of developing colorectal cancer is about 1 in 23 for men and 1 in 25 for women. About 95,55,027 cancer deaths were recorded in 2018, of which 8,80,792 were related to colorectal cancer. Therefore, colorectal cancer was identified as the third most common cancer and the second most death-causing cancer. The presence of cancer is similar in European countries. For instance, as per Cancer Research UK, deaths from bowel/colorectal cancer in the UK between 2016 and 2018 were reported to be 16,571. Further, the data suggests ~42,880 new bowel cancer cases in the UK annually, which are over ~110 patients daily. These statistics showcase increased demand for advanced cancer diagnostics and therapeutics in various regions. Thus, the rising number of patients suffering from the disease is driving the growth of the Europe Colorectal Procedure Market.

Europe Colorectal Procedure Market Overview

The Europe colorectal procedure market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The colorectal procedure market is expected to grow in countries such as the UK, Spain, and France owing to collaborations with the government for the research and investigation in the cancer field and extensive oncology research. The market in Italy is estimated to grow due to rising healthcare development facilities. Technology also plays an important role in the colorectal procedure market, which is anticipated to add more opportunities in the coming years in the region.

Europe Colorectal Procedure Market Revenue and Forecast to 2028 (US$ Million)

Europe Colorectal Procedure Strategic Insights

Strategic insights for the Europe Colorectal Procedure provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Colorectal Procedure Report Scope

Europe Colorectal Procedure Regional Insights

The geographic scope of the Europe Colorectal Procedure refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Europe Colorectal Procedure Market Segmentation

The Europe colorectal procedure market is segmented into product, surgery type, indication, end user, and country.

Based on product, the Europe colorectal procedure market is segmented into endoscope, electrosurgery, handheld devices and visual systems, sealing and stapling devices, ligation clips and dilators and specula’s, cutter and shears, accessories, and others. The endoscope segment held the largest share of the Europe colorectal procedure marketing 2022.

Based on surgery type, the Europe colorectal procedure market is segmented into right hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (including endoscopic surgery). The subtotal colectomy segment held the largest share of the Europe colorectal procedure marketing 2022.

Based on end user, the Europe colorectal procedure market is segmented into hospitals & clinics, surgery centres, and others. The hospitals and clinics segment held the largest share of the Europe colorectal procedure marketing 2022.

Based on indication, the Europe colorectal procedure market is segmented into into colon polyps, Crohn's disease, colorectal cancer, colitis, irritable bowel syndrome, and other indications. The irritable bowel syndrome segment held the largest share of the Europe colorectal procedure marketing 2022.

Based on country, the Europe colorectal procedure market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe colorectal procedure marketing 2022.   

Ethicon (Johnson & Johnson Services, Inc.); Medtronic; Colo span Ltd; SAFEHEAL; B. Braun Melsungen; Cardinal Health Inc; Boston Scientific Corporation; CooperSurgical, Inc; Olympus Corporation; and Suturion AB are some of the leading companies operating in the Europe colorectal Procedure market.