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The growth of the global sigmoidoscope industry can be attributed to increase in prevalence of colorectal cancer, gastrointestinal (GIT) diseases, and the rising awareness about healthcare. Sigmoidoscope comes across as a class II medical device utilized in a sigmoidoscopy procedure for inspecting the sigmoid colon and rectum. Main uses of sigmoidoscopes incorporate screening for ulcers, abnormal cells, polyps, and cancer. The number of outpatient ambulatory surgery centers (ASCs) has seen growth over the years contributing to the number of same-day operations carried out using these scopes. Technology advances have compelled procedures involving sigmoidoscopes minimally invasive, sparing patients the pain of incisions and ensuing in rapid healing. The emerging markets in Asia Pacific, Latin America, and Middle East and Africa are expected to register sturdy growth during the forecast period.
The global sigmoidoscope devices market is largely dominated by Japanese manufacturers. General Electric Company (NYSE: GE) is a leading global medical technology and digital solutions innovator, enables clinicians to make faster and more informed decisions through various intelligent devices, data analytics, applications, and services. General Electric company has been one of the leading key players by providing all the solutions and services used in diagnosis.
Market Analysis by Product, Application, End uses:
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The major players in global sigmoidoscope market are General Electric Company, Olympus Corporation, Pentax Medical (HOYA Corporation), Bolton Surgical Limited, HIENE USA LTD, 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.
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