The colorectal procedural market players focus on launching new products to expand their countries 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. The GI genius is the first and the only commercially available computer-aided detection (CADe) system using artificial intelligence (AI) to identify Colorectal polyps. The module, compatible with any colonoscope video, provides physicians with a powerful new solution to fight against Colorectal cancer. Likewise, in April 2022, Safeheal announced the first patient enrollment in its pivotal study of Colovac, a groundbreaking endoluminal bypass sheath. Colovac is an alternative to temporary diverting ostomy for patients undergoing Colorectal resection. 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.
The colorectal procedure market in Asia Pacific is segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. The factors leading to the growth of the colorectal procedure market in these countries are the significantly rising incidences of colorectal cancer, easy access to the treatment for colorectal cancer, and proposing guidelines for the treatment procedures. Also, increasing government funding for research activities in colorectal cancer is expected to propel the growth of the market for colorectal procedures in APAC.
Asia Pacific Colorectal Procedure Market Segmentation
The Asia Pacific colorectal procedure market is segmented into product, surgery type, indication, end user, and country.
Based on product, the Asia Pacific colorectal procedure market is segmented into endoscope, electrosurgery, handheld devices and visual systems, sealing and stapling devices, ligation clips and dilators and specula’s, cutter and shears, accessories, and others. The endoscope segment held the largest share of the Asia Pacific colorectal procedure market in 2022.
Based on surgery type, the Asia Pacific colorectal procedure market is segmented into hemicolectomy, left hemicolectomy, subtotal colectomy, low anterior resection, abdomino-perineal resection, and others (including endoscopic surgery). The subtotal colectomy segment held the largest share of the Asia Pacific colorectal procedure market in 2022.
Based on end user, the Asia Pacific colorectal procedure market is segmented into hospitals & clinics, surgery centres, and others. The hospitals and clinics segment held the largest share of the Asia Pacific colorectal procedure market in 2022.
Based on induction, the Asia Pacific colorectal procedure market is segmented into colon polyps, Crohn's disease, Colorectal cancer, colitis, irritable bowel syndrome, and other indications. The irritable bowel segment held the largest share of the Asia Pacific colorectal procedure market in 2022.
Based on country, the Asia Pacific colorectal procedure market is segmented into the China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific colorectal procedure market in 2022.
Ethicon (Johnson & Johnson Services, Inc.); Medtronic; B. Braun Melsungen AG; Cardinal Health Inc; Boston Scientific Corporation; CooperSurgical, Inc; and Olympus Corporation are some of the leading companies operating in the Asia Pacific colorectal procedure market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,670.03 Million |
| Market Size by 2028 | US$ 3,850.49 Million |
| CAGR (2022 - 2028) | 14.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
|
Regions and Countries Covered
|
|
| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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The Asia Pacific Colorectal Procedure Market is valued at US$ 1,670.03 Million in 2022, it is projected to reach US$ 3,850.49 Million by 2028.
As per our report Asia Pacific Colorectal Procedure Market, the market size is valued at US$ 1,670.03 Million in 2022, projecting it to reach US$ 3,850.49 Million by 2028. This translates to a CAGR of approximately 14.9% during the forecast period.
The Asia Pacific Colorectal Procedure Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Colorectal Procedure Market report:
The Asia Pacific Colorectal Procedure Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Colorectal Procedure Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Colorectal Procedure Market value chain can benefit from the information contained in a comprehensive market report.
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