Proctoscopes Market: Introduction
• Colorectal specialists perform examination of the rectum with the help of a specialized diagnostic device called proctoscope
• The proctoscope is inserted into the rectum and the specialist observes through the proctoscope tube to examine the rectum tissue and the anal cavity. Certain minor procedures can also be performed through the proctoscope tube.
• The tube is fitted with a handle to hold the instrument. Light is passed through the tube for examination of the inner lining of the anus and the rectum. Diameter of the tube varies from product to product.
• The tube is sterilized and lubricated before inserting it into the rectum. Some companies such as Griffiths and Nielsen Ltd. have developed cable-less and self-illuminating proctoscopes, which are designed to facilitate complete mobility during the examination and treatment.
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Key Drivers of Global Proctoscopes Market
• According to recent data from American Institute of Cancer Research, in 2018, around 37 new cases of colorectal cancer were found in 100000 people in US alone. Higher patient pool awaiting proctoscopy is anticipated to drive the market for proctoscope.
• Increasing prevalence of lifestyle diseases in adults such as colorectal cancer, colonic polyps, ulcerative colitis, rectal bleeding, and rectal cancer are anticipated to drive the demand for proctoscopy and subsequently, propel the market for proctoscope.
• Developing healthcare infrastructure, rising focus on geriatric term care, and increasing awareness among the population are anticipated to fuel the proctoscope market
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• Furthermore, the proctoscope is utilized in almost all types of rectal illness requiring internal examination in adults. This, in turn, drives the market for proctoscope.
• Rise in investments by companies for the development of technologically efficient instruments, strong distribution network of these companies across the globe, and availability of well-qualified and skilled healthcare professionals in developed countries are estimated to propel the global proctoscopes market during the forecast period
Restraints of Global Proctoscopes Market
• However, pain and irritation associated with insertion of the proctoscope into the anus and high cost of the instrument are expected to restrain the proctoscope market during the forecast period
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North America to Lead Global Proctoscopes Market
• In terms of region, the global proctoscopes market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America accounted for a leading share of the global market in 2020, which is attributed to an increase in investments in the healthcare sector and improved reimbursement policies in the U.S. and Canada. The region is anticipated to lead the global market during the forecast period also, due to strategic presence of key companies in the U.S. and Canada.
• Europe is projected to be the second-largest market for proctoscopes during the forecast period, owing to emergence of local manufacturers in key countries of Europe. Moreover, high rate of adoption of technologically advanced products and a rise in expenditure on healthcare services are expected to fuel the global protoscopes market in the next few years.
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• The market in Asia Pacific is projected to expand at a rapid pace from 2021 to 2031, due to rising prevalence of colorectal cancer in China and Japan and improved distribution network of proctoscope manufacturers in developing countries across Asia Pacific
• The market in Middle East & Africa and Latin America is likely to expand at a steady pace owing to advancing healthcare infrastructure and sluggish economic growth in these regions during the forecast period
Key Manufacturers Operating in Global Proctoscopes Market
Key manufacturers operating in the global market are:
• Griffiths and Nielsen
• GPC Medical Ltd.
• Stericom
• Black Smith Surgical
• Hallmark Surgical
• Parburch Medical Developments Ltd.
• Surgical Holdings
• Pauldrach Medical
• Sklar Surgical Instruments
• Puritan Medical Products Co. LLC.