Virtual colonoscopy is a remedial imaging system that utilizes x-beams and PC to foster a two-layered and three-layered picture of the colon from the lower part of the human body to the lower end of the little intestine. This methodology is utilized in the therapy of inside sicknesses like diverticulosis, polyps, ulcers, and colorectal disease. It is a 10 to 15 minutes methodology and requires the use of sedation before the system. This strategy is liked by specialists over the regular colonoscopy technique as it is less obtrusive, has no mischief to the internal organ, and takes less time.
MARKET SCOPE
The Virtual Colonoscopy Market is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Virtual Colonoscopy Market with detailed market segmentation by product type,, end-user, and geography. The report provides key statistics on the market status of the leading Virtual Colonoscopy Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product types, the virtual colonoscopy market is divided into CT scanners colonoscopy and MRI scanners colonoscopy.
- On the basis of end-user, the Virtual Colonoscopy Market is bifurcated into hospitals and clinics.
MARKET DYNAMICS
Drivers:
- The rise in the number of bowel diseases such as colorectal cancer, ulcers, and polyps, is a key driver of the global virtual colonoscopy market in the forecast period.
- An increase in the number of geriatric populations is increasing the number of patients suffering from bowel problems, which will boost the growth of the market.
- Reimbursement policies and insurance claims are expected to hamper the growth of the market over the forecast period.
- The cost of virtual colonoscopy is very expensive,
- Various risks are involved during virtual colonoscopy procedures. This abates the growth of the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South And Central America. The Virtual Colonoscopy Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South And Central America after evaluating political, economic, social and technological factors affecting the Virtual Colonoscopy Market in these regions.
IMPACT OF COVID-19 ON VIRTUAL COLONOSCOPY MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruptions. While the situation is rapidly evolving, the pandemic had already disrupted the world in three ways the direct health impact the impact on the healthcare system, and the social and economic consequences of the pandemic. The market of Virtual Colonoscopy Market is expected to grow due to the rising prevalence of diseases resulting in a large number of patients undergoing surgeries.
MARKET PLAYERS
The report covers key developments in the Virtual Colonoscopy Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players in the Virtual Colonoscopy Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Virtual Colonoscopy Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Virtual Colonoscopy Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and the key development in the past five years.
- Abbott Laboratories
- Boston Scientific
- Exact Sciences Corporation
- Siemens Healthcare Private Limited
- Avantis Medical Systems
- Clinical Genomics Technologies Pvt Ltd
- Sysmex Corporation
- Novigenix SA
- Olympus Corporation
- Getinge group