Global Colonoscopy Devices Market to Reach $2 Billion by
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Cancer Screening Suffers a Pandemic Induced Setback
The global market for Colonoscopy Devices is expected to slump by -8.2% in the year 2020, before recovering to reach a revised US$1.9 billion by the year 2027, trailing a 3.8% CAGR over the analysis period2020 to 2027.
Six months into the pandemic, the COVID-19 crisis continues to evolve & shows no signs of receding. Endoscopy the mainstay for the diagnosis & management of colorectal cancer is coming under pressure as COVID-19 continues to spread. All non-urgent procedures are being either rescheduled or replaced by alternative biomarkers.
Even as hospitals reopen for routine care, shortage of P.P.E & greater attention to endoscopic room hygiene & disinfection are impacting patient throughput rates. The low levels of screening raises the risk of missed, delayed diagnosis & higher mortality. In short, the pandemic is having a negative impact on the econom