China colonoscopy devices market is estimated to grow considerably at a CAGR of 6.7% during the forecast period. China holds a significant share in the colonoscopy devices market. This has resulted due to the increasing prevalence of colon cancer and colorectal cancer researches in China. According to Hong Kong Cancer Registry, in 2017, the most frequently diagnosed cancers for both men and women in Hong Kong were colorectum cancer with 17.0% of all new cancer cases, lung cancer with 15.7%, breast cancer with 13.3%, prostate cancer with 6.8% and liver with 5.5%. Such five leading cancers represented over half of all new cancer cases, that is 58.3%. The growing trend of these cancers in China has led by a substantial rise in the aging population and changing lifestyle. 

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In addition, China’s healthcare expenditure has grown rapidly in the past year. It is projected to grow with a rate of 8.4% annually, on average, in that period, as per the estimate from Health Affairs. The growth will mainly be driven by rapid increases in services per case of disease and unit cost, which respectively contributes to 4.3 and 2.4 percentage points. Such increasing healthcare expenditure is creating a path for the growth of colorectal cancer diagnosis and colonoscopy devices market in the country. Additionally, an awareness program by the National Cancer Institute is also expected to influence people for a screening of colon and rectal disease. 

The companies which are contributing to the growth of the China 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. 

Research Methodology

The market study of the China 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. China Colonoscopy Devices Market Research and Analysis by Type

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

The Report Covers

• Comprehensive research methodology of the China 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 China colonoscopy devices market.
• Insights about market determinants which are stimulating the China colonoscopy devices market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.