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Asia Pacific Colorectal Procedure Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Endoscopes, Electrosurgery Devices, Handheld Devices & Visual Systems, Sealing & Stapling Devices, Ligation Clips and Dilators & Speculas, Cutters and Shears, Accessories, and Others), Surgery Type (Right Hemicolectomy, Left Hemicolectomy, Subtotal Colectomy, Low Anterior Resection, Abdomino-Perineal Resection, and Others), End User (Hospitals & Clinics, Surgery Centers, and Others), and Indication (Colon Polyps, Crohn's Disease, Colorectal Cancer, Colitis, Irritable Bowel Syndrome, and Other Indications)
- Report Code : BMIRE00027479
- Pages : 181
The colorectal procedure market in Asia Pacific is expected to grow from US$ 1,670.03 million in 2022 to US$ 3,850.49 million by 2028. It is estimated to grow at a CAGR of 14.9% from 2022 to 2028.
Growing Medical Device Industry in Emerging Economies to Provide Opportunities to Market
The growing medical device industry in the developing countries in Asia Pacific is creating better opportunities for companies in the global colorectal procedure market to expand their businesses in this region. According to statistics from the India Brand Equity Foundation (IBEF) in 2020, India is the largest importer of the medical device worldwide. The Indian medical device industry imported ~75–80% of medical devices, alongside the export worth ~US$ 2.1 billion, in 2019 and are expected to rise at a CAGR of 29.7% to reach ~US$ 10 billion in 2025. Moreover, India has a huge pool of scientists and engineers having the potential to drive the healthcare sector in the country.
Major companies in the colorectal procedure market focus on expansion in Singapore and China due to large colorectal cancer patient pool and growing medical tourism in these countries. According to the Australian Institute of Health and Welfare, over ~15,540 new cases of colorectal cancer were diagnosed in 2021. Moreover, in 2019, Malaysia Healthcare Travel Council stated that over 1.22 million travelers visited Malaysia for medical purposes. The low cost of treatment and incorporation of advanced technologies to provide less waiting time for procedures are likely to boost the number of surgeries, ultimately triggering the demand for colorectal procedures in Asia Pacific in the coming years.
Thus, the increasing medical tourism and the flourishing medical device industry in emerging countries in Asia Pacific are expected to boost the colorectal procedural market growth in the coming years.
Market Overview
The colorectal procedure market in APAC is segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. The key factors contributing to the market growth in this region are the rising incidences of colorectal cancer, notable government funding for research activities in colorectal cancer, and easy access to the treatment of colorectal cancer.
Asia Pacific Colorectal Procedure Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Colorectal Procedure Market Segmentation
The Asia Pacific colorectal procedure market is segmented on the basis of product, surgery type, end user, indication, and country. Based on product, the market is divided into endoscopes, electrosurgery devices, handheld devices and visual systems, sealing and stapling devices, ligation clips and dilators & speculas, cutters and shears, accessories, and others.
In terms of surgery type, the Asia Pacific colorectal procedure market is segmented into right hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (endoscopic surgery).
The Asia Pacific colorectal procedure market, based on end user, is segmented into hospitals and 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 country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022. B. Braun Melsungen AG; Boston Scientific Corporation; Cardinal Health Inc.; CooperSurgical, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Medtronic; and Olympus Corporation are the leading companies operating in the colorectal procedure market in Asia Pacific.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Colorectal Procedure Market – By Product
1.3.2 APAC Colorectal Procedure Market – By Surgery Type
1.3.3 APAC Colorectal Procedure Market – By Indication
1.3.4 APAC Colorectal Procedure Market – By End User
1.3.5 APAC Colorectal Procedure Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Colorectal Procedure Market – Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
4.3 Experts Opinion
5. APAC Colorectal Procedure Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Colorectal Cancer
5.1.2 New Product Launches
5.2 Market Restraints
5.2.1 Complications Associated with Colorectal Procedure
5.3 Market Opportunities
5.3.1 Growing Medical Device Industry in Emerging Economies
5.4 Future Trends
5.4.1 Development and Launch of Innovative Products
5.5 Impact Analysis
6. Colorectal Procedure Market – APAC Analysis
6.1 APAC Colorectal Procedure Market Revenue Forecast & Analysis
7. APAC Colorectal Procedure Market Analysis and Forecasts To 2028 – By Product
7.1 Overview
7.2 APAC Colorectal Procedure Market, By Product 2021 & 2028 (%)
7.3 Endoscope
7.3.1 Overview
7.3.2 Endoscope Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Electrosurgery
7.4.1 Overview
7.4.2 Electrosurgery Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Handheld Device and Visual Systems
7.5.1 Overview
7.5.2 Handheld Device and Visual Systems Market Revenue and Forecast to 2028 (US$ Mn)
7.6 Sealing and Stapling Devices
7.6.1 Overview
7.6.2 Sealing and Stapling Devices Market Revenue and Forecast to 2028 (US$ Mn)
7.7 Ligation Clips, Dilators, and Speculas
7.7.1 Overview
7.7.2 Ligation Clips, Dilators, and Speculas Market Revenue and Forecast to 2028 (US$ Mn)
7.8 Cutter and Shears
7.8.1 Overview
7.8.2 Cutter and Shears Market Revenue and Forecast to 2028 (US$ Mn)
7.9 Accessories
7.9.1 Overview
7.9.2 Accessories Market Revenue and Forecast to 2028 (US$ Mn)
7.10 Others
7.10.1 Overview
7.10.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
8. APAC Colorectal Procedure Market Analysis and Forecasts To 2028 – By Surgery Type
8.1 Overview
8.2 APAC Colorectal Procedure Market, By Surgery Type 2021 & 2028 (%)
8.3 Right Hemicolectomy
8.3.1 Overview
8.3.2 Right Hemicolectomy Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Left Hemicolectomy
8.4.1 Overview
8.4.2 Left Hemicolectomy Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Subtotal Colectomy
8.5.1 Overview
8.5.2 Subtotal Colectomy Market Revenue and Forecast to 2028 (US$ Mn)
8.6 Low Anterior Resection
8.6.1 Overview
8.6.2 Low Anterior Resection Market Revenue and Forecast to 2028 (US$ Mn)
8.7 Abdomino-Perineal Resection
8.7.1 Overview
8.7.2 Abdomino-Perineal Resection Market Revenue and Forecast to 2028 (US$ Mn)
8.8 Others (Including Endoscopic Surgery)
8.8.1 Overview
8.8.2 Others (Including Endoscopic Surgery) Market Revenue and Forecast to 2028 (US$ Mn)
9. APAC Colorectal Procedure Market Analysis and Forecasts To 2028 – By End User
9.1 Overview
9.2 APAC Colorectal Procedure Market, By End User 2021 & 2028 (%)
9.3 Hospitals and Clinics
9.3.1 Overview
9.3.2 Hospital & Clinics Market Revenue and Forecast to 2028 (US$ Mn)
9.4 Surgery Centers
9.4.1 Overview
9.4.2 Surgery Centers Market Revenue and Forecast to 2028 (US$ Mn)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
10. APAC Colorectal Procedure Market Analysis and Forecasts To 2028 – By Indication
10.1 Overview
10.2 APAC Colorectal Procedure Market, By Indication 2021 & 2028 (%)
10.3 Colon Polyps
10.3.1 Overview
10.3.2 Colon Polyps Market Revenue and Forecast to 2028 (US$ Mn)
10.4 Crohn’s Disease
10.4.1 Overview
10.4.2 Crohn’s Disease Market Revenue and Forecast to 2028 (US$ Mn)
10.5 Colorectal Cancer
10.5.1 Overview
10.5.2 Colorectal Cancer Market Revenue and Forecast to 2028 (US$ Mn)
10.6 Colitis
10.6.1 Overview
10.6.2 Colitis Market Revenue and Forecast to 2028 (US$ Mn)
10.7 Irritable Bowel Syndrome
10.7.1 Overview
10.7.2 Irritable Bowel Syndrome Market Revenue and Forecast to 2028 (US$ Mn)
10.8 Other Indications
10.8.1 Overview
10.8.2 Other Indications Market Revenue and Forecast to 2028 (US$ Mn)
11. APAC Colorectal Procedure Market Revenue and Forecasts to 2028 – Country Analysis
11.1 Overview
11.1.1 APAC: Colorectal Procedure Market, by Country, 2021 & 2028 (%)
11.1.1.1 China: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 China: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.2 China Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.1.3 China Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.4 China Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.5 China Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.6 China Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2 Japan: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Japan: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.2 Japan Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.2.3 Japan Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.4 Japan Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.5 Japan Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.6 Japan Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3 India: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.2 India Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.3.3 India Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.4 India Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.5 India Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.6 India Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4 Australia: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Australia: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.2 Australia Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.4.3 Australia Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.4 Australia Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.5 Australia Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.6 Australia Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5 South Korea: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.2 South Korea Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.5.3 South Korea Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.4 South Korea Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.5 South Korea Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.6 South Korea Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6 Southeast Asia: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Southeast Asia: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.2 Southeast Asia Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.6.3 Southeast Asia Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.4 Southeast Asia Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.5 Southeast Asia Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.6 Southeast Asia Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.7 Rest of APAC: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.7.1 Rest of APAC: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.7.2 Rest of APAC Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.7.3 Rest of APAC Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.7.4 Rest of APAC Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.7.5 Rest of APAC Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.7.6 Rest of APAC Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
12. Colorectal Procedural Market –Industry Landscape
12.1 Overview
12.2 Growth Strategies in the Colorectal Procedural Market (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profile
13.1 Ethicon (Johnson & Johnson Services, Inc.)
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Medtronic
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 B. Braun Melsungen AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Cardinal Health Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Boston Scientific Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CooperSurgical, Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Olympus Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. China Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 2. China Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 7. Japan Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 11. India Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 12. India Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 13. India Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. India Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. India Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 17. Australia Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 18. Australia Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Australia Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Australia Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 22. South Korea Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 23. South Korea Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. South Korea Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 25. South Korea Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 26. Southeast Asia Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 27. Southeast Asia Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 28. Southeast Asia Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Southeast Asia Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 30. Southeast Asia Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of APAC Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 32. Rest of APAC Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of APAC Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of APAC Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of APAC Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 36. Organic Developments in the Colorectal Procedural Market
Table 37. Inorganic Developments in the Colorectal Procedural Market
Table 38. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Colorectal Procedure Market Segmentation
Figure 2. APAC Colorectal Procedure Market, By Country
Figure 3. APAC Colorectal Procedure Market Overview
Figure 4. Subtotal Colectomy Segment Held Largest Share of Surgery Type Segment in APAC Colorectal Procedure Market
Figure 5. India is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. APAC: PEST Analysis
Figure 7. Experts Opinion
Figure 8. APAC Colorectal Procedural Market Impact Analysis of Drivers and Restraints
Figure 9. APAC Colorectal Procedure Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. APAC Colorectal Procedure Market, by Product 2021 & 2028 (%)
Figure 11. APAC Endoscope Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. APAC Electrosurgery Market Revenue and Forecasts To 2028 (US$ MN)
Figure 13. APAC Handheld Device and Visual Systems Market Revenue and Forecasts To 2028 (US$ MN)
Figure 14. APAC Sealing and Stapling Devices Market Revenue and Forecasts To 2028 (US$ MN)
Figure 15. APAC Ligation Clips, Dilators, and Speculas Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. APAC Cutter and Shears Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. APAC Accessories Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. APAC Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. APAC Colorectal Procedure Market, by Surgery Type 2021 & 2028 (%)
Figure 20. APAC Right Hemicolectomy Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. APAC Left Hemicolectomy Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. APAC Subtotal Colectomy Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. APAC Low Anterior Resection Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. APAC Abdomino-Perineal Resection Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. APAC Others (Including Endoscopic Surgery) Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. APAC Colorectal Procedure Market, by End User 2021 & 2028 (%)
Figure 27. APAC Hospital & Clinics Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. APAC Surgery Centers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. APAC Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. APAC Colorectal Procedure Market, by Indication 2021 & 2028 (%)
Figure 31. APAC Colon Polyps Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. APAC Crohn’s Disease Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 33. APAC Colorectal Cancer Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 34. APAC Colitis Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 35. APAC Irritable Bowel Syndrome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 36. APAC Other Indications Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 37. APAC: Colorectal Procedure Market, by Key Country – Revenue (2021) (US$ Million)
Figure 38. APAC: Colorectal Procedure Market, by Country, 2021 & 2028 (%)
Figure 39. China: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Japan: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. India: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Australia: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. South Korea: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Southeast Asia: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of APAC: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Growth Strategies in the Colorectal Procedural Market (%)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific colorectal procedure market
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific colorectal procedure market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the colorectal procedure market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The List of Companies – Asia Pacific Colorectal Procedure Market
● B. Braun Melsungen AG
● Boston Scientific Corporation
● Cardinal Health Inc.
● CooperSurgical, Inc.
● Ethicon (Johnson & Johnson Services, Inc.)
● Medtronic
● Olympus
At 14.9% CAGR, the Asia Pacific Colorectal Procedure market is speculated to be worth US$ 3,850.49 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Asia Pacific colorectal procedure market was valued at US$ 1,670.03 million in 2022 and is expected to reach US$ 3,850.49 million by 2028, registering an annual growth rate of 14.9% from 2022 to 2028. Increasing prevalence of colorectal cancer and new product launches are the critical factors attributed to the market expansion.
The colorectal procedural market players focus on launching new products to expand their geographic reach and enhance capacities to cater to a greater than existing customer base. In August 2021, Ethicon announced the ECHELON CIRCULAR Powered Stapler results. The product helped in 74% reduction in the anastomotic leak and a 44% reduction in 30-day inpatient hospital readmission rates after colorectal surgery compared to the manual circular staplers. Similarly, Medicare, the popular government insurance program, provides cover for PAP tests, pelvic exams, and clinical colon examinations for colorectal cancer screening every two years. Such programs and developments and launch of new products are likely to bring new trends in the colorectal procedural test market in the coming years, thereby supporting its growth.
On the contrary, complications associated with colorectal procedure hurdles the growth of Asia Pacific colorectal procedure market.
Based on product, the market is divided into endoscopes, electrosurgery devices, handheld devices and visual systems, sealing and stapling devices, ligation clips and dilators & speculas, cutters and shears, accessories, and others. Endoscope segment held 35.5% market share in 2022, amassing US$ 1,799.77 million. It is projected to garner US 1,352.19 million by 2028 to expand at 13.0% CAGR during 2022–2028. In terms of surgery type, the Asia Pacific colorectal procedure market is segmented into right hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (endoscopic surgery). Subtotal colectomy held 62.1% market share in 2022, amassing US$ 1,037.66 million. It is projected to garner US$ 2,404.96 million by 2028 to expand at 15.0% CAGR during 2022–2028.
The Asia Pacific colorectal procedure market, based on end user, is segmented into hospitals and clinics, surgery centers, and others. Hospitals and clinics held 57.2% market share in 2022, amassing US$ 956.07 million. It is projected to garner US$ 2,191.53 million by 2028 to expand at 14.8% CAGR during 2022–2028.
Based on indication, the market is segmented into colon polyps, Crohn’s disease, colorectal cancer, colitis, irritable bowel syndrome, and other indications. With 34.9% share of the domain, the Irritable bowel syndrome segment dominated the market in 2022. It accrued US$ 583.15 million in 2022 and is estimated to generate US$ 1,392.23 million by 2028 to grow at a CAGR of 15.6% over the forecast period. Our regional analysis states that the China captured 29.0% market share in 2022. It was assessed at US$ 484.98 million in 2022 and is likely to hit US$ 1,090.46 million by 2028, exhibiting a CAGR of 14.5% during the forecast period.
Key players dominating the Asia Pacific colorectal procedure market are B. Braun Melsungen AG; Boston Scientific Corporation; Cardinal Health Inc.; Colospan Ltd; CooperSurgical, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Medtronic; Olympus Corporation; and SAFEHEAL among others.
Below are listed few key developments by market players:
In year 2022, Ethicon announced the results of a new real-world study that shows its Echelon Circular Powered Stapler was associated with a 74% reduction in anastomotic leak rates and a 44% reduction in 30-day inpatient hospital readmission rates after colorectal surgery with a manual circular stapler. In year 2022, Medtronic announced final findings from a randomized, international, multi-center center that confirmed the effectiveness of the GI Genius intelligent endoscopy module, which uses AI as an aid in detecting colorectal polyps during colonoscopy, potentially helping to prevent colorectal cancer.
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