The growth is mainly due to an increase in colorectal screenings worldwide, particularly in the U.S., and need for early detection and surgical treatment, according to a March 14 news release shared with Becker’s.
Japanese medical device manufacturers such as Olympus, Fujifilm and Hoya currently lead the market for colonoscopes. Ambu, a Danish company that pioneered single-use endoscopes, is likely to launch the world’s first single-use colonoscope, according to the release.
“By not only eliminating the risk of cross-contamination, but also potentially lowering the cost per procedure by using single-use colonoscopes, more companies will likely invest in their research and development for manufacturing their own single-use colonoscopes,” Brian Hicks, senior analyst for GlobalData, said in the release.
Colorectal cancer is currently the second deadliest cancer and causes over 600,000 deaths each year.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.