Middle East and Africa Colonoscopes Market
Colonoscopes are used for the removal of foreign bodies, excision of tumors or colorectal polyps (polypectomy), and control of hemorrhage. Routine colonoscopy is important in diagnosing intestinal cancer, the second leading cause of cancer deaths in the United States. These endoscopic procedures reduce the need for invasive surgical diagnostic and therapeutic procedures.
Strategic insights for the Middle East and Africa Colonoscopes 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 67.24 Million |
| Market Size by 2028 | US$ 80.96 Million |
| Global CAGR (2021 - 2028) | 2.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Colonoscopes 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.
The Middle East and Africa colonoscopes market is expected to reach US$ 80.96 million by 2028 from an estimated value of US$ 67.24 million in 2021; it is likely to grow at a CAGR of 2.7% from 2021 to 2028. The factors attributed to driving the growth of market are the increasing prevalence of colorectal cancer, technological advancements in colonoscopy devices and growing research activities to extend its applications in therapeutic areas and development of robotic colonoscopes. However, the availability of alternative diagnostic tests for rectal diseases may hamper the growth of the Middle East and Africa colonoscopes market in the forecast period.
The success rate of diagnosing colorectal conditions, including cancer, has increased with advancements in technologies. Flexible endoscopy is an effective method enabling the early diagnosis and treatment of gastrointestinal cancer, making it a popular choice for screening. However, a large population that benefits from endoscopic colorectal cancer screening feels skeptical about undergoing the procedure. This is mainly ascribed to psychological barriers due to the indignity of the process, fear of procedure-related pain, discomfort in bowel preparation, and potential need for sedation, which underlines an urgent need for new technologies for addressing these issues. To significantly reduce the adenoma “miss rate” of standard forward-viewing colonoscopy, manufacturers are continuously striving to improve the current colonoscopy techniques, by exploring more advanced optics and wider-angle visualization tools along with a user-friendly, intuitive endoscopic platform interface. The introduction of such technologies is fuelling the colonoscope market growth. Also, march is marked as the National Colorectal Awareness Month, dedicated to encouraging patients, survivors, and caregivers to share their stories, advocate for colorectal cancer prevention, and inform others about the importance of early detection. Thus, growing awareness about the effect of colon disorders will increase the adoption of colonoscopy tests during the forecast period, thus offering lucrative opportunities to the market players.
The coronavirus has had a significant impact in the Middle East and Africa. COVID-19 has been linked to poorer outcomes in cancer patients. Saudi Arabia has seen multiple Middle East respiratory syndrome coronavirus (MERS-CoV) outbreaks that affected the continuity of cancer care. Colon cancer (CRC) is the fifth most common cancer in Lebanon and the country with the second-highest incidence of the disease in the Middle East and North Africa (MENA) region, with more than 90% of colorectal cancer cases occurring in people aged 50 and over. The pandemic has increased demand for medical devices, which can use in-home care. The region is witnessing an increase in the number of patients being admitted to intensive care units (ICU), an increasing number of drugs that pose multiple diagnostic and therapeutic challenges to strained health systems, leading to an increase in medical devices. There have been changes in staff assignments and working hours and the implementation of strict infection control and social distancing measures. However, segments of the medical industry, including colonoscopes devices, suffered losses during the COVID-19 pandemic due to limited production and supply chain facilities. This pandemic is affecting the business operations of the various key players operating in the colonoscopes market in the region hampering the market growth.
The Middle East and Africa colonoscopes market, by product type, is segmented into fiber optic colonoscopy devices, and video colonoscopy devices. The fiber optic colonoscopy devices held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR in the market during the forecast period.
The Middle East and Africa colonoscopes market, based on the application is segmented into colorectal cancer, lynch syndrome, ulcerative colitis, crohn’s disease, and polyp. In 2021, the colorectal cancer segment held the largest share of the market, by application and the same segment is expected to grow at the fastest rate during the coming years.
The Middle East and Africa colonoscopes market, based on the end user is segmented into hospitals, ambulatory surgery center, and others. In 2021, the hospitals segment held the largest share of the market, by end user and the same segment is expected to grow at the fastest rate during the coming years.
A few of the primary and secondary sources associated with this report on the Middle East and Africa colonoscopes market are The Emirates Gastroenterology & Hepatology Society (EGHS), Health Authority of Abu Dhabi (HAAD), and Gulf Cooperation Council (GCC).
The Middle East and Africa Colonoscopes Market is valued at US$ 67.24 Million in 2021, it is projected to reach US$ 80.96 Million by 2028.
As per our report Middle East and Africa Colonoscopes Market, the market size is valued at US$ 67.24 Million in 2021, projecting it to reach US$ 80.96 Million by 2028. This translates to a CAGR of approximately 2.7% during the forecast period.
The Middle East and Africa Colonoscopes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Colonoscopes Market report:
The Middle East and Africa Colonoscopes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Colonoscopes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Colonoscopes Market value chain can benefit from the information contained in a comprehensive market report.
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