In the Global Colorectal Surgical Devices Market report, the whole and crystal clear outline of the Colorectal Surgical Devices Market is penned down which is valuable for many businesses. The info covered in the report helps businesses know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm’s products. Colorectal Surgical Devices Market industry is anticipated to witness higher growth during the forecast period due to growing demand at the end user level. In addition, strategic model around the growth objective is designed by analysts, with a detailed route-to-market analysis, competencies to be leveraged and developed, as well as any potential pitfalls.
Data Bridge Market Research analyses that the market is growing with a CAGR of 13.1% in the forecast period of 2022 to 2029 and is expected to reach USD 27,559.70 million by 2029 from USD 10,315.00 million in 2021.
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Market Overview
The colorectal surgery is a field in medicine which deals with disorders of the anus, rectum, and colon. The various devices or products used in the colorectal surgery are endoscope, hand instruments, access instrument, electro surgery, surgical stapling devices, fluid management system, energy/vessel sealing devices and accessories.
Some major companies which are dealing in the colorectal surgical devices market are Abbott (U.S.), Johnson & Johnson Services, Inc.(U.S.), B. Braun Melsungen AG (Germany), BD (U.S.), Boston Scientific Corporation (U.S.), Cardinal Health (U.S), CONMED Corporation (U.S.), Cook (U.S.), CooperSurgical, Inc. (U.S.), Medtronic (Ireland), Smith & Nephew (U.K.), Stryker (U.S.), W.L. Gore & Associates, Inc. (U.S.), Richard Wolf GmbH (Germany), Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Hebson (India), Teleflex Incorporated, PENTAX Medical (Japan), and others.
Colorectal Surgical Devices Market Dynamics
Drivers
· Increase in geriatric population
The management of geriatric patients has become the forefront of colorectal surgery with the rising number of elderly patients and incidence of colorectal cancer. The elderly population brings a greater chance of health issues, and the rapid growth in the geriatric population is more prone to various types of diseases and disorders that require surgical procedures.
· Rise in number of patients suffering from diverticulitis and ulcerative colitis
Living with a chronic illnesses such as ulcerative colitis and diverticulitis requires several treatment approaches including medication, dietary modifications, nutritional supplementation, and surgery such as colorectal surgery.
The demand for surgical devices is high because of the increase in prevalence of diverticulitis and ulcerative colitis, which is expected to drive the market's growth.
Restraint
· High cost of colorectal surgery devices
In last few years, the Food and Drug Administration has authorized a huge number of advanced medical devices. This approved medical device has provided advanced medical treatment alternatives and helped improve the quality of patient’s life.
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Table of Content:
Chapter 1: Colorectal Surgical Devices Market Overview
Chapter 1.1: Study Assumptions
Chapter 1.2: Scope of the Study
Chapter 2: Colorectal Surgical Devices Market Economic Impact
Chapter 2.1: Analysis Methodology
Chapter 2.2: Research Phases
Chapter 3: Competition by Manufacturers
Chapter 3.1: Current Market Scenario
Chapter 3.2: Value Chain/Supply Chain Analysis
Chapter 3.3: Government Regulations and Initiatives
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 5.1: Market Drivers
Chapter 5.2: Market Restraints/Challenges
Chapter 5.3: Market Opportunities
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Market Analysis by Application
Chapter 8: Market by Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Geographic Analyses
Chapter 12: Colorectal Surgical Devices Market Effect Factors Analysis
Chapter 13: Colorectal Surgical Devices Market Forecast
Chapter 14: Future of the Market
Chapter 15: Appendix
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