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Global Anoscope Market to grow at a CAGR of 5.8%, During 2021-2026, Driven by the Rising Prevalence of Haemorrhoids

According to a new report by EMR titled, ‘Global Anoscope Market Report and Forecast 2021-2026’, the anoscope industry is expected to be aided by the colorectal cancer treatment market, which is expected to grow at a CAGR 5.8% in the forecast period of 2021-2026 to reach USD 17.5 billion by 2026.

The global market for anoscope is anticipated to grow at a healthy pace, owing to the rapid increase in the prevalence of colon and rectum diseases across the globe. The market is further propelled by the rising prevalence of haemorrhoids in developed or developing countries. The market is further invigorated by attempts made to bolster the potency of anoscope via various methods.

The United States of America holds a significant share in the global market for anoscope due to the high prevalence of haemorrhoids among its population. The demand for anoscope has also increased in the region due to the rising disposable incomes and the presence of a highly developed health care sector. The growing healthcare expenditure in emerging economies like India and China is expected to further propel the growth of the market in the coming years.

Earlier, due to the low incomes of large segments of the population and low awareness about health-related issues, the growth of the anoscope industry was confined to developed countries only. However, due to increasing awareness, the rising disposable incomes and the flourishment of local surgical products wholesale markets, the anoscope industry has witnessed a healthy growth.

Market Analysis by Type, Age Group, Applications, End Use, And Region:

  • By types, the market is segmented into disposable and standard.
  • Based on age group, the market is segmented into adult and paediatrics.
  • On the basis of applications, the market is divided into anal/rectal cancer, fissures, fistulas, haemorrhoids, inflammation, and perianal, among others.
  • By end use, the industry is categorised into hospitals, clinics, ambulatory surgical centres, and others.
  • Region-wise, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for anoscope is being driven by the rising prevalence of haemorrhoids.
  • Increasing disposable incomes of people is another factor bolstering the market.
  • The market is further aided by the rising awareness and growing consciousness among people towards healthcare.
  • Technological advancements and increasing healthcare expenditures are projected to further catalyse the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for anoscope for the periods (2016-2020) and  (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, age groups, applications, end uses, and major regions of anoscope.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global anoscope market are Medline Industries, Inc., OBP Medical Corporation, Welch Allyn, Inc., Narang Medical Limited, and Novo Surgical Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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