Endoscope to Lead Colorectal Procedure Market During 2022–2028

According to our latest study, titled “Colorectal Procedure Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Product, Surgery Type, End User, Indication, and Geography," the market is expected to reach US$ 27,627.76 million by 2028 from US$ 13,690.71 million in 2022. It is estimated to grow at a CAGR of 12.6% during 2023–2028. The report highlights the key factors driving the global colorectal procedure market growth and prominent players with their developments in the colorectal procedure market. 

Colorectal surgery involves colonic resection and anastomosis that is performed to treat various pathologies involving ulcerative colitis, Crohn's disease, mechanical obstruction, and recurrent diverticulitis. The specialty of colorectal surgery is unique in several aspects, covering a large part of visceral anatomy. The growth of the global colorectal procedure market is primarily attributed to the increasing prevalence of colorectal cancer and new product launches. However, the complications associated with colorectal procedures are expected to restrict the market growth during the forecast period.

Based on product, the colorectal procedure market is segmented into endoscope, electrosurgery, handheld devices & visual systems, sealing & stapling devices, ligation clips and dilators and speculas, cutter & shears, accessories, and others. The endoscope segment accounts for the largest market share in 2022 and is expected to grow at a CAGR of 12.7% during the forecast period. The major driving factor for the growth of the endoscope segment is the growing incidences of piles, hemorrhoids, anal fistula, colon, and rectal cancer, injuries to the anus, crohn’s disease, and severe constipation conditions.

Based on surgery type, the market is segmented into right hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (including endoscopic surgery etc). The subtotal colectomy segment leads the market in terms of share in 2022 and is expected to retain its dominance during the forecast period. 

Based on end user, the colorectal procedure market is segmented into hospitals & clinics, surgery centers, and others. The hospital & clinics segment leads the market in 2022 and is expected to retain its dominance during the forecast period. 

Based on indication, the market is segmented into colon polyps, crohn's disease, colorectal cancer, colitis, irritable bowel syndrome, and other indications. The irritable bowel syndrome segment leads the market in 2022 and is expected to retain its dominance during the forecast period.

Ethicon (Johnson & Johnson Services, Inc.); Medtronic; Colospan Ltd; SAFEHEAL; B. Braun Melsungen AG; Cardinal Health Inc; Boston Scientific Corporation; CooperSurgical, Inc.; Olympus Corporation; Suturion AB are among the key companies operating in the global colorectal procedure market. 

In July 2022, B.Braun Medical Inc launched its new Introcan Safety IV Catheter with one-time blood control that ensures clinicians are protected by a truly automatic passive safety device.  Introcan Safety 2 helps to reduce clinician and patient's exposure to blood with its one-time Blood Control Septum, which is designed to restrict the flow of blood from the catheter hub after needle removal until the first connection of a Luer access device. The newly launched Introcan Safety 2 will allow clinicians to experience passive needlestick prevention and a reduced risk of exposure to blood-borne pathogens when removing the introducer needle from the Introcan Safety 2. This is all achieved with a product similarly sized to the widely popular Introcan Safety Catheter.

The report segments the global colorectal procedure market as follows:

Based on product, the colorectal procedure market is segmented into endoscope, electrosurgery, handheld devices & visual systems, sealing & stapling devices, ligation clips & dilators & speculas, cutter & shears, accessories, and others. Based on surgery type, the market is segmented into right hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (including endoscopic surgery etc). Based on end user, the colorectal procedure market is segmented into hospitals & clinics, surgery centers, and others.  Based on indication, the market is segmented into colon polyps, crohn's disease, colorectal cancer, colitis, irritable bowel syndrome, and other indications. Based on Geography, the global colorectal procedure market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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