Asia-Pacific colonoscopy devices market is estimated to grow significantly at a CAGR of 6.5% during the forecast period. The major economies which are contributing to the market are China, India, South Korea, and Japan. These economies are calculated to be a significant contributor in the colonoscopy devices market of the region. Along with these economies, Australia, Indonesia, and Thailand are the other major regions with advanced healthcare facilities and will show a significant growth rate during the forecasted period. This can be attributed to substantial economic growth, increasing demand for the diagnosis of colorectal cancer coupled with the increasing prevalence of colorectal cancer cases, and improving healthcare infrastructure.

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Asia-Pacific colonoscopy devices market is driving significantly due to increasing incidences of colorectal cancer in countries such as China and India. For instance, according to the European Society for Medical Oncology, in China, the most common cancer among women is colorectal, breast, lung, gastric and esophageal cancer. These all are accounted for approximately 58% of all cancer cases in China in 2017. The prime reason for such prevalence in China is changing lifestyles and increasing obesity which increases the risk of developing colon cancer. Moreover, growing medical tourism in China is expected to witness potential growth in the forecast period.

The companies which are contributing to the growth of the Asia-Pacific colonoscopy devices market include Boston Scientific Corp., FUJIFILM Holdings Corp., Hoya Corp., Olympus Corp., and Karl Storz GmbH & Co. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in December 2019, PENTAX Medical, a division of the HOYA Group, has cleared CE mark for DISCOVERY, an innovative AI assisted polyp detector designed for supporting endoscopists in finding potential polyps during a colorectal examination.

Research Methodology

The market study of the Asia-Pacific colonoscopy devices market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Asia-Pacific Colonoscopy Devices Market Research and Analysis by Type

2. Asia-Pacific Colonoscopy Devices Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Asia-Pacific colonoscopy devices market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific colonoscopy devices market.
• Insights about market determinants which are stimulating the Asia-Pacific colonoscopy devices market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.