iData examined data from 700 CPT and ICD codes to develop reports, including an analysis on endoscopic procedures.
1. There are 75 million endoscopies performed in the U.S. every year, and 51.5 million, or 68 percent, are gastrointestinal endoscopies.
2. GI procedures are estimated to grow at a 2.6 percent compound annual rate, driven by the increased aging demographics and growing prevalence of GI-related conditions, according to iData CEO Dr. Kamran Zamanian.
3. Dr. Zamanian also expects "tremendous growth in the adoption of the colorectal cancer screening programs" to drive GI endoscopy growth. The societal stigma around undergoing colonoscopies is also waning, due to education and awareness campaigns supported by GI societies and other organizations, according to the report.
4. The American Cancer Society expects there will be 101,420 new cases of colon cancer and 44,180 new cases of rectal cancer diagnosed in the U.S. in 2019. The lifetime risk of developing CRC is 4.49 percent for men and 4.15 percent for women.
5. CRC is expected to cause 51,020 deaths this year, and even though the overall death rate dropped from 2007 to 2016, the percentage of CRC patients under the age of 55 years old increased 1 percent over that time period.