Overview and Scope
Virtual colonoscopy software refers to scanning and advanced imaging software that utilizes computed tomography to create 2D and 3D images of the colon. Virtual colonoscopy software plays a significant role in colorectal cancer screening and detection, offering a less invasive alternative to traditional colonoscopy.
Sizing and Forecast
The virtual colonoscopy software market size has grown strongly in recent years. It will grow from $31.19 billion in 2024 to $33.69 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to advancements in imaging technology, aging population, remote consultations, reimbursement policies.
The virtual colonoscopy software market size is expected to see strong growth in the next few years. It will grow to $44.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to global healthcare access, personalized screening, telemedicine, patient education and awareness. Major trends in the forecast period include ai-assisted image analysis, improved 3d visualization, patient-centered care, elevated privacy and data security.
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Segmentation & Regional Insights
The virtual colonoscopy software market covered in this report is segmented –
1) By Product Type: Two Dimensional (2D); Three Dimensional (3D)
2) By Deployment: On-Premises; Cloud-based
3) By Application: Polyps; Crohn’s Disease; Ulcerative Colitis; Colorectal Cancer (CRC); Diverticulosis; Stenosis
4) By End-User: Hospitals; Clinics; Diagnostic Centers; Ambulatory Surgical Centers
Top 5 Major Players:
North America was the largest region in the virtual colonoscopy software market in 2024. The regions covered in virtual colonoscopy software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing incidents of colorectal cancer are expected to propel the growth of the virtual colonoscopy software market going forward. Colorectal cancer is a type of cancer that develops in the tissues of the colon or rectum. Virtual colonoscopy software plays an essential role in colorectal cancer by providing a minimally invasive and non-invasive method for screening and detecting abnormalities in the colon. For instance, in September 2022, according to the International Agency for Research on Cancer, a France-based government agency, it was estimated that by 2040, there would be 3.2 million new cases and 1.6 million deaths attributed to colorectal cancer each year, representing a significant increase from 1.9 million newly diagnosed patients and 930,000 deaths in 2020. Therefore, increasing incidents of colorectal cancer are driving the growth of the virtual colonoscopy software market.
Key Industry Players
Major players in the virtual colonoscopy software market are Hitachi Medical Corporation, Medtronic PLC, Siemens Healthineers, Koninklijke Philips N.V., Boston Scientific Corporation, Olympus Corporation, GE HealthCare Technologies Inc., Hologic Inc., Stony Brook University, Carestream Health, Toshiba Medical Systems Corporation, Barco NV, Agfa Healthcare, Cybernet Systems Co. Ltd., Intelerad Medical Systems Incorporated, Canon Medical Informatics Inc., TeraRecon Inc., iCAD Inc., Median Technologies, LEXION Medical LLC, Mentice Inc., Pie Medical Imaging, Ziosoft USA Inc., EDDA Technology Inc., Intrasense SA, Volumina Medical, Medweb, Viatronix Inc., Voxel-Q.
The virtual colonoscopy software market report table of contents includes:
1. Executive Summary
2. Virtual Colonoscopy Software Market Characteristics
3. Virtual Colonoscopy Software Market Trends And Strategies
4. Virtual Colonoscopy Software Market – Macro Economic Scenario
5. Global Virtual Colonoscopy Software Market Size and Growth
32. Global Virtual Colonoscopy Software Market Competitive Benchmarking
33. Global Virtual Colonoscopy Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Virtual Colonoscopy Software Market
35. Virtual Colonoscopy Software Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Virtual Colonoscopy Software Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Virtual Colonoscopy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Virtual Colonoscopy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Hitachi Medical Corporation Financial Performance
Table 76: Medtronic PLC Financial Performance
Table 77: Olympus Corporation Financial Performance
Table 78: Koninklijke Philips N.V. Financial Performance
Table 79: Boston Scientific Corporation Financial Performance
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