Data Bridge Market Research analyses that the virtual colonoscopy software market is expected to reach USD 51.30 billion by 2030, which is USD 31 billion in 2022, and is expected to undergo a CAGR of 6.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

To succeed in this swiftly changing market place, businesses must take up this Virtual Colonoscopy Software market research report solution. This market report looks over the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. The data and information included in this Virtual Colonoscopy Software report not only aids business make data-driven decisions but also assures maximum return on investment (ROI). A range of steps are used while generating this Virtual Colonoscopy Software report by taking the inputs from a dedicated team of researchers, analysts and forecasters.

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The virtual colonoscopy software market is increasing persistently because of the rise in disease and death from several chronic diseases such as rectal cancer, colon cancer, and other GI bleeding-related disorders which has surged the incidence of diagnostic screening procedures of different intestinal diseases. Virtual colonoscopy is significant as it can help avert colorectal cancer by identifying and removing polyps before they become cancerous.

Key Growth Drivers:

  • Increasing Awareness About The Advantages of Virtual Colonoscopy

There has been a rising awareness among the population about the several benefits of virtual colonoscopy over traditional methods such as fecal occult blood testing (FOBT) and sigmoidoscopy or colonoscopy screening procedures for the detection of early signs of colorectal cancer. A virtual colonoscopy provides numerous advantages compared to traditional screening methods such as lower cost, reduced patient discomfort, shorter examination time, which are boosting its adoption globally.

  • Rising Prevalence of Colorectal Cancer

The occurrence of colorectal cancer is growing at an alarming rate worldwide. This is mainly due to changing lifestyles and dietary habits. There have been approximately 151,030 cases in 2022 worldwide. During the period of 2015-2019, the rate of new cases of colorectal cancer was around 37.7 per 100,000 men and women every year. The mortality rate was almost 13.1 per 100,000 men and women per year. This number is projected to rise in the coming years because of the increasing population and aging. Therefore, there is a growing demand for virtual colonoscopy software since it provides a non-invasive substitute for detecting early signs of this deadly disease. 

The report outlines the involvement of key players, including:

General Electric (U.S.), Siemens Healthcare GmbH (U.S.), Koninklijke Philips N.V. (Netherlands), Viatronix, Inc. (U.S.), Terarecon, Inc (U.S.), Carestream Health (U.S.), FUJIFILM Corporation (Japan), Canon Medical Informatics, Inc (U.S.)

Key Market Segmentation

Product Type (2D, 3D), Application (Polyps, Crohn’s Disease, Ulcerative Colitis, CRC), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other), Distribution Channel (Direct Tender and Retail Sales)

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