UK colonoscopy devices market is estimated to grow considerably at a CAGR of 6.0% during the forecast period. UK comprises nations such as England, Scotland, Wales and Northern Ireland with a total population of the country in 2017 around 65 million, as per the European Commission. Inflammatory bowel disease is one of the key chronic digestive diseases prevalent in the country. The disease is caused by a number of factors including the unhealthy lifestyle such as smoking, alcohol consumption, and so other. Moreover, the rising prevalence of Crohn's disease in the country is also augmenting the demand for diagnostic and treatment. It is observed that smoking is one of the key reasons which promotes the prevalence of bowel disease in the working-age population. The percentage of population smoking in UK is majorly between the age group of 25-34. As per Office for National Statics, in 2018, 14.7% out of total population over 18 years smoke in the country whereas the proportion is 19.2% in the age range of 25-34 years. Owing to this, the prevalence of bowel disease is expected to increase, thereby creating demand for colonoscopy in the near future.

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As per WHO, colorectum cancer had the fourth highest prevalence of all cancer in 2018 in UK. Around 47,900 new cases of colorectum cancer were registered in the country in 2018 which is around 10.7% of the total new cases of all the types of cancer in the country. Such a high prevalence of colorectum cancer is expected to create a significant demand for colonoscopy devices during the forecast period. As per Bowel Cancer UK, around 268,000 people are living in the country who have been diagnosed with bowel cancer in 2019. Around 1 in 15 men and 1 in 18 women will be diagnosed with bowel cancer during their lifetime. These facts and figures reflect the growth opportunities for the colonoscopy devices market in the country.

The companies which are contributing to the growth of UK 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 UK 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. UK Colonoscopy Devices Market Research and Analysis by Type

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

The Report Covers

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