China colonoscopy devices market is estimated to grow considerably at a CAGR of 6.7% during the forecast period. China holds a significant share in the colonoscopy devices market. This has resulted due to the increasing prevalence of colon cancer and colorectal cancer researches in China. According to Hong Kong Cancer Registry, in 2017, the most frequently diagnosed cancers for both men and women in Hong Kong were colorectum cancer with 17.0% of all new cancer cases, lung cancer with 15.7%, breast cancer with 13.3%, prostate cancer with 6.8% and liver with 5.5%. Such five leading cancers represented over half of all new cancer cases, that is 58.3%.

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In addition, China’s healthcare expenditure has grown rapidly in the past year. It is projected to grow with a rate of 8.4% annually, on average, in that period, as per the estimate from Health Affairs. The growth will mainly be driven by rapid increases in services per case of disease and unit cost, which respectively contributes to 4.3 and 2.4 percentage points. Such increasing healthcare expenditure is creating a path for the growth of colorectal cancer diagnosis and colonoscopy devices market in the country.

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The companies which are contributing to the growth of the China colonoscopy devices market include Boston Scientific Corp., FUJIFILM Holdings Corp., Hoya Corp., Olympus Corp., and Karl Storz GmbH & Co.

Market Segmentation

China Colonoscopy Devices Market by Type

Conventional Colonoscopy
Virtual Colonoscopy

China Colonoscopy Devices Market by End-User

Hospitals
Clinics
Others

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