Chromoendoscopy Agents Market to Grow with a CAGR of 6.44% through 2031
Rising awareness of preventive healthcare and
advancements in endoscopic technology are expected to drive growth in the Global Chromoendoscopy Agents Market over the forecast period, 2027-2031.
According to TechSci Research report, “Chromoendoscopy
Agents Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2021-2031F”, the Global Chromoendoscopy Agents Market will grow from USD 0.22 Billion in 2025 to USD 0.32 Billion by 2031 at a 6.44% CAGR. This can be attributed to technological
innovations in contrast agents. Continuous research and development efforts by
pharmaceutical and medical imaging companies have led to the development of
safer, more biocompatible, and efficient contrast agents. These innovations
have addressed concerns about adverse reactions and toxicity associated with
older agents, further boosting the adoption of chromoendoscopy.
Moreover, chromoendoscopy is finding applications
beyond cancer detection. It is increasingly used in the diagnosis and
monitoring of various gastrointestinal conditions, including inflammatory bowel
disease (IBD), Barrett's esophagus, and polyp detection. The expanding scope of
chromoendoscopy for different medical conditions creates new growth
opportunities for the market.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Chromoendoscopy
Agents Market.”
In market contexts, drivers and constraints are inherent factors, whereas opportunities and challenges are external. The Chromoendoscopy Agents Market is experiencing growth driven by several intrinsic factors. Factors such as the aging population, ongoing technological advancements, and the increasing adoption of advanced medical procedures are driving market growth. Notably, the geriatric
demographic is prone to gastrointestinal diseases, with cancer being a leading
cause of mortality. For instance, in 2018, the World Health Organization
reported 9.6 million deaths attributed to cancer, leading to heightened demand
for improved healthcare infrastructure and advanced medical procedures, thereby
fueling market growth.
Additionally, extrinsic factors contribute to market opportunities. Increased research and development activities, rising
cancer awareness, and growing healthcare expenditure are contributing to market growth. Collaborative efforts between companies also present significant
opportunities for product and technology development. Furthermore, government
initiatives that promote awareness of cancer diagnosis and treatment are raising
public consciousness, which in turn can stimulate market growth.
However, certain challenges may impede market growth.
The lack of skilled professionals is a noteworthy obstacle, as chromoendoscopy
relies on experienced endoscopists due to its operator-dependent nature.
Furthermore, rapid advances in biotechnology, such as wireless brain sensors and robotic surgery, have created a knowledge and skills gap among
individuals, potentially hindering market expansion.
The Global Chromoendoscopy Agents Market is segmented by product, application, end users, regional distribution, and company.
Based on its product, Contrast Agents are poised to
capture a substantial market share in the Global Chromoendoscopy Agents Market
during the forecast period for several compelling reasons. Firstly, the growing
prevalence of gastrointestinal disorders and colorectal cancer worldwide has
necessitated more accurate and efficient diagnostic tools, which is driving the
demand for chromoendoscopy agents. These agents enhance the visualization of
mucosal abnormalities during endoscopic procedures, enabling early detection
and precise diagnosis. Moreover, the rising adoption of minimally invasive
procedures and the increasing awareness among healthcare professionals about
the benefits of chromoendoscopy further fuel the market growth. Additionally,
ongoing research and development are yielding innovative contrast agents with improved properties, making them an attractive
choice for clinicians. As a result, Contrast Agents are expected to experience
robust market growth and gain a significant market share in the coming years.
Among end users, Specialty Clinics are expected to capture a substantial market share in the Global Chromoendoscopy Agents Market over the forecast period for several compelling reasons. Firstly, the
increasing prevalence of gastrointestinal diseases and the growing demand for
early and accurate diagnostic methods have prompted patients to seek
specialized healthcare services. These clinics are equipped with
state-of-the-art endoscopic facilities and skilled professionals, offering
specialized chromoendoscopy procedures. Secondly, the rising trend of
outpatient care and the convenience it offers to patients have spurred the
growth of specialty clinics. Furthermore, collaborations between pharmaceutical
companies and these clinics for clinical trials and research projects are
expanding their capabilities and making them attractive destinations for
chromoendoscopy procedures. As a result, Specialty Clinics are poised to
experience substantial market growth and gain a significant share in the global
chromoendoscopy agents market during the forecast period.
Major companies operating in Global Chromoendoscopy
Agents Market are:
- Merck & Co., Inc.
- Enzo Life Sciences Inc
- Thermo Fisher Scientific Inc
- Cosmo Pharmaceuticals SA
- Loba Chemie Pvt Ltd
- Provepharm SAS
- Sisco Research Laboratories Pvt Ltd
- Medtronic PLC
- Boston Scientific Corp
Download
Free Sample Report
Customers can also request for 10% free customization
on this report.
“The global chromoendoscopy agents market is
undergoing significant transformation, driven by emerging trends that reflect
advancements in technology, patient-centered care, and a growing focus on early
disease detection. As healthcare systems worldwide continue to emphasize
preventive care and personalized medicine, demand for chromoendoscopy procedures and associated agents is expected to increase. Innovations in contrast
agents, the integration of AI, and expanding applications will shape the market's
future, making chromoendoscopy an indispensable tool in the diagnosis and
management of gastrointestinal disorders,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Chromoendoscopy Agents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Absorptive Agents, Contrast Agents, Reactive Agents), By Application (Colorectal, Esophageal, Gastric), By End-Users (Ambulatory Surgery Centers, Diagnostic Centers, Hospitals & Specialty Clinics, Others), By Region, and By Competition 2021-2031F”, has evaluated
the future growth potential of Global Chromoendoscopy Agents Market and
provides statistics & information on market size, structure and future
market growth. The report aims to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Chromoendoscopy Agents Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com