Report
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Europe 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 : BMIRE00027478
- Pages : 178
The colorectal procedure market in Europe is projected to grow from US$ 5,067.96 million in 2022 to US$ 10,520.15 million by 2028. It is estimated to grow at a CAGR of 12.9% from 2022 to 2028.
New Product Launches Fuel Europe Colorectal Procedure Market Growth
Major companies in the colorectal procedure market players manufacture a wide range of devices that help reduce the burden of colorectal cancer and other associated indications, such as colon polyps, Crohn’s disease, colitis, and irritable bowel syndrome. In April 2020, Olympus Corporation announced the launch of EVIS X1. This system helps improve the outcomes of the treatment of stomach, colon, esophagus, and bronchial diseases. It has various features such as extended depth of field (EDOF), red dichromatic imaging (RDI), texture and color enhancement imaging (TXI), and narrow-band imaging (NBI). The launch of EVIS X1 helped Olympus strengthen its leadership in the medical device industry, especially in the endoscopy segment.
Moreover, in September 2020, Olympus Corporation announced the launch of ENDO-AID, a cutting-edge platform powered by artificial intelligence (AI); it includes the endoscopy application ENDO-AID CADe (computer-aided detection) for the colon. This new AI platform works in combination with the recently introduced EVIS X1 and enables the real-time display of automatically detected suspicious lesions. Thus, such developments and new product launches for managing colorectal-associated indications are driving the colorectal procedural market growth in Europe.
Market Overview
The Europe colorectal procedure market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The market growth in this region is ascribed to ongoing collaborations supported by governments for the research and investigation in the extensive oncology research.
Europe Colorectal Procedure Market Revenue and Forecast to 2028 (US$ Million)
Europe Colorectal Procedure Market Segmentation
The Europe 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 Europe colorectal procedure market is segmented into right hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (endoscopic surgery).
The Europe 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 France, Germany, Italy, Spain, UK, and the Rest of Europe. Germany dominated the market share in 2022. B. Braun Melsungen AG; Boston Scientific Corporation; Cardinal Health Inc.; CooperSurgical, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Medtronic; Olympus Corporation; SAFEHEAL; and Suturion AB are the leading companies operating in the colorectal procedure market in Europe.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Colorectal Procedure Market – By Product
1.3.2 Europe Colorectal Procedure Market – By Surgery Type
1.3.3 Europe Colorectal Procedure Market – By Indication
1.3.4 Europe Colorectal Procedure Market – By End User
1.3.5 Europe Colorectal Procedure Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Colorectal Procedure Market – Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Experts Opinion
5. Europe 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 Future Trends
5.3.1 Development and Launch of Innovative Products
5.4 Impact Analysis
6. Colorectal Procedure Market – Europe Analysis
6.1 Europe Colorectal Procedure Market Revenue Forecast & Analysis
7. Europe Colorectal Procedure Market Analysis and Forecasts To 2028 – By Product
7.1 Overview
7.2 Europe 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
7.4.1.1 Electrosurgery Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Handheld Device and Visual Systems
7.5.1 Overview
7.5.1.1 Handheld Device and Visual Systems Market Revenue and Forecast to 2028 (US$ Mn)
7.6 Sealing and Stapling Devices
7.6.1 Overview
7.6.1.1 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. Europe Colorectal Procedure Market Analysis and Forecasts To 2028 – By Surgery Type
8.1 Overview
8.2 Europe 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. Europe Colorectal Procedure Market Analysis and Forecasts To 2028 – By End User
9.1 Overview
9.2 Europe 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. Europe Colorectal Procedure Market Analysis and Forecasts To 2028 – By Indication
10.1 Overview
10.2 Europe 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. Europe Colorectal Procedure Market Revenue and Forecasts to 2028 – Country Analysis
11.1 Overview
11.1.1 Europe: Colorectal Procedure Market, by Country, 2021 & 2028 (%)
11.1.1.1 United Kingdom: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 United Kingdom: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.2 United Kingdom Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.1.3 United Kingdom Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.4 United Kingdom Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.5 United Kingdom Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.6 United Kingdom Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2 Germany: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Germany: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.2 Germany Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.2.3 Germany Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.4 Germany Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.5 Germany Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.6 Germany Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3 France: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 France: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.2 France Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.3.3 France Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.4 France Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.5 France Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.6 France Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4 Italy: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Italy: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.2 Italy Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.4.3 Italy Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.4 Italy Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.5 Italy Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.6 Italy Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5 Spain: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Spain: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.2 Spain Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.5.3 Spain Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.4 Spain Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.5 Spain Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.6 Spain Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6 Rest of Europe: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.2 Rest of Europe Colorectal Procedure Market, by Surgery Type –Forecast to 2028
11.1.1.6.3 Rest of Europe Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.4 Rest of Europe Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.5 Rest of Europe Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.6 Rest of Europe 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 SAFEHEAL
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 B. Braun Melsungen AG
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 Cardinal Health Inc
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 Boston Scientific Corporation
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 CooperSurgical, Inc
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
13.8 Olympus Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Suturion AB
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. United Kingdom Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 2. United Kingdom Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. United Kingdom Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. United Kingdom Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. United Kingdom Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 7. Germany Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 11. France Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 12. France Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 13. France Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. France Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 17. Italy Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Italy Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 21. Spain Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 22. Spain Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 23. Spain Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Spain Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 25. Spain Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe Colorectal Procedure Market, by Surgery Type–Forecast to 2028
Table 27. Rest of Europe Colorectal Procedure Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe Colorectal Procedure Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of Europe Colorectal Procedure Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of Europe Colorectal Procedure Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 31. Organic Developments in the Colorectal Procedural Market
Table 32. Inorganic Developments in the Colorectal Procedural Market
Table 33. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Colorectal Procedure Market Segmentation
Figure 2. Europe Colorectal Procedure Market, By Country
Figure 3. Europe Colorectal Procedure Market Overview
Figure 4. Endoscope Segment Held Largest Share of Surgery Type Segment in Europe Colorectal Procedure Market
Figure 5. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe: PEST Analysis
Figure 7. Experts Opinion
Figure 8. Europe Colorectal Procedural Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Colorectal Procedure Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. Europe Colorectal Procedure Market, by Product 2021 & 2028 (%)
Figure 11. Europe Endoscope Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Europe Electrosurgery Market Revenue and Forecasts To 2028 (US$ MN)
Figure 13. Europe Handheld Device and Visual Systems Market Revenue and Forecasts To 2028 (US$ MN)
Figure 14. Europe Sealing and Stapling Devices Market Revenue and Forecasts To 2028 (US$ MN)
Figure 15. Europe Ligation Clips, Dilators, and Speculas Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Europe Cutter and Shears Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Europe Accessories Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Europe Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Europe Colorectal Procedure Market, by Surgery Type 2021 & 2028 (%)
Figure 20. Europe Right Hemicolectomy Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Europe Left Hemicolectomy Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Europe Subtotal Colectomy Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Europe Low Anterior Resection Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Europe Abdomino-Perineal Resection Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Europe Others (Including Endoscopic Surgery) Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Europe Colorectal Procedure Market, by End User 2021 & 2028 (%)
Figure 27. Europe Hospital & Clinics Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Europe Surgery Centers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Europe Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Europe Colorectal Procedure Market, by Indication 2021 & 2028 (%)
Figure 31. Europe Colon Polyps Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. Europe Crohn’s Disease Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 33. Europe Colorectal Cancer Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 34. Europe Colitis Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 35. Europe Irritable Bowel Syndrome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 36. Europe Other Indications Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 37. Europe: Colorectal Procedure Market, by Key Country – Revenue (2021) (US$ Million)
Figure 38. Europe: Colorectal Procedure Market, by Country, 2021 & 2028 (%)
Figure 39. United Kingdom: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Germany: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. France: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Italy: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Spain: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Rest of Europe: Colorectal Procedure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. 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 Europe 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 Europe 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 Europe 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 – Europe Colorectal Procedure Market
● Boston Scientific Corporation
● Cardinal Health Inc.
● CooperSurgical, Inc.
● Ethicon (Johnson & Johnson Services, Inc.)
● Medtronic
● Olympus Corporation
● SAFEHEAL
● Suturion AB
At 12.9% CAGR, the Europe Colorectal Procedure market is speculated to be worth US$ 10,520.15 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Europe colorectal procedure market was valued at US$ 5,067.96 million in 2022 and is expected to reach US$ 10,520.15 million by 2028, registering an annual growth rate of 12.7% from 2022 to 2028. Increasing prevalence of colorectal cancer and new product launches are the critical factors attributed to the market expansion.
Colorectal cancer is one of the most commonly found and lethal cancers developed in individuals with the combined influence of genetic and environmental factors.
For instance, as per Cancer Research UK, deaths from bowel/colorectal cancer in the UK between 2016 and 2018 were reported to be 16,571. Further, the data suggests ~42,880 new bowel cancer cases in the UK annually, which are over ~110 patients daily.
These statistics showcase increased demand for advanced cancer diagnostics and therapeutics in various regions. Thus, the rising number of patients suffering from the disease is driving the growth of the global colorectal procedure market.
On the contrary, complications associated with colorectal procedure hurdles the growth of Europe 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. Endoscpoe segment held 35.5% market share in 2022, amassing US$ 1,799.77 million. It is projected to garner US 3,709.57 million by 2028 to expand at 12.8% CAGR during 2022–2028. In terms of surgery type, the Europe 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 61.8% market share in 2022, amassing US$ 3,133.02 million. It is projected to garner US$ 6,532.12 million by 2028 to expand at 13.0% CAGR during 2022–2028.
The Europe colorectal procedure market, based on end user, is segmented into hospitals and clinics, surgery centers, and others. Hospitals and clinics held 57.1% market share in 2022, amassing US$ 2,893.60 million. It is projected to garner US$ 5,956.38 million by 2028 to expand at 12.8% 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 33.6% share of the domain, the Irritable bowel syndrome segment dominated the market in 2022. It accrued US$ 1,704.06 million in 2022 and is estimated to generate US$ 3,663.78 million by 2028 to grow at a CAGR of 13.6% over the forecast period. Our regional analysis states that Germany captured 29.5% market share in 2022. It was assessed at US$ 1,492.52 million in 2022 and is likely to hit US$ 3,028.75 million by 2028, exhibiting a CAGR of 12.5% during the forecast period.
Key players dominating the Europe colorectal procedure market are B. Braun Melsungen AG; Boston Scientific Corporation; Cardinal Health Inc.; CooperSurgical, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Medtronic; Olympus Corporation; SAFEHEAL; and Suturion AB 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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