NEW YORK, Sept. 8, 2021 /PRNewswire/ — As per Technavio’s Research Analysis, the colonoscopy devices market is likely to register a CAGR of over 5.06% with an incremental growth of USD 536.78 million during 2021-2025.
Enterprises will go through the Response, Recovery, and Renew phases.
With the gradual recovery of markets from the aftermath of COVID-19 pandemic, the healthcare industry is likely to witness positive impact during the forecast period.
Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.
The recovery process involves various phases including:-
- Recognizing the existing business model
- Focusing on agile execution of proposed and approved changes.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Emerging Opportunities with Key players
The company offers next-generation solutions for colonoscopies, which until today have been uncomfortable and often painful procedures. The company offers disposable colonoscopy devices for humans and animals.
COSMO PHARMACEUTICALS NV
The segment manufactures specialty drugs, generic products, and MMX technology products. The company offers GI Genius is a new AI-enhanced endoscopy aid device for the detection of colorectal lesions during colonoscopy.
The company offers colonoscopy devices products such as ED-Flow and ED-Flow single door.
Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:
Colonoscopy Devices Market 2021-2025: Segmentation
Colonoscopy devices market is segmented as below:
- Video Colonoscopy Devices
- Fiberoptic Colonoscopy Devices
- North America
The colonoscopy devices market is driven by technological advancements, increasing guidelines from healthcare organizations, and the popularity of Myocardial Infarction (MI) procedures. In addition, other factors such as the emergence of virtual colonoscopy devices, growing focus toward the development of disposable colonoscopes, and increase in research activities are expected to trigger the colonoscopy devices market toward witnessing a CAGR of 5.06% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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