A recent report published by Infinium Global Research on chromoendoscopy agents market provides in-depth analysis of segments and sub-segments in the global as well as regional chromoendoscopy agents market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional chromoendoscopy agents market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global chromoendoscopy agents market. According to the report, the global chromoendoscopy agents market is projected to grow at a CAGR of 3.2% over the forecast period of 2019-2025.

Market Insight

Chromoendoscopy involves the spraying of chromoendoscopy agents onto the GI mucosa during an endoscopy procedure to aid in tissue diagnosis and characterization. In particular, it has been used to identify areas of dysplasia or cancer that are not easily visible with standard endoscopic imaging. Chromoendoscopy agents are used in various regions of the gastrointestinal tract such as stomach, duodenum, colon, and esophagus. Agents such as methylene blue, toluidine blue, acetic acid, and indigo carmine are majorly used for chromoendoscopy. These agents are applied to the mucosal lining of the gastrointestinal tract by using a spray catheter. Chromoendoscopy agents aid in the classification of multiple diseases occurring in the gastrointestinal tract. The usage of methylene blue stain in chromoendoscopy has shown the increased rates of detection in diseases such as Barrett's esophagus, dysplasia, and cancer. Additionally, Lugol's solution is used for the diagnosis of squamous cell dysplasia or carcinoma of the esophagus. Other stains used for diagnosis include crystal violet and Congo red.

Chromoendoscopy agents are major components used for the detection of various diseases related to the gastrointestinal tract. The rising prevalence of the disease such as cancers related to the gastrointestinal tract is increasing the demand for chromoendoscopy agents used for the diagnosis of these diseases. Chromoendoscopy agents help in the early diagnosis of these diseases hence driving the growth of chromoendoscopy agents market. Cancer is the leading cause of death worldwide. According to WHO, in 2018, cancer was the cause of 9.6 billion deaths. Furthermore, increasing awareness owing to government campaigns supporting diagnosis and treatment of cancers the chromoendoscopy agents market has led to the growth of preventive and diagnostic healthcare resulting in the increased use of chromoendoscopy, which in turn drives the growth of the chromoendoscopy agents market. However, chromoendoscopy needs an experienced endoscopist as it is operator dependent and the unavailability of trained professionals restrains the growth of the market. Moreover, increasing investments in research and development by several major healthcare providers are creating opportunities for the growth of chromoendoscopy agents market.

Geographically, global chromoendoscopy agents market is distributed into North America, Europe, The Asia Pacific and the Rest of the World. North America is leading the market and holds the largest share among the regions. Increasing healthcare expenditure and increasing awareness regarding cancer are some factors enhancing the growth of the market in this region. Europe holds the second largest share in the market due to a rise in government funding. The major contributors to this region are Germany, U.K., France, Spain, and Italy. Asia-pacific is fastest growing region furthermore, heavy investments in the healthcare sector are fueling the growth of chromoendoscopy agents market.

Segment Covered

The report on global chromoendoscopy agents market covers segments such as product type, application, and end user. On the basis of product type, the sub-markets include absorptive agents, reactive agents, and contrast agents. On the basis of application, the sub-markets include gastric, esophageal, and colorectal. On the basis of end user, the sub-markets include hospitals, specialty clinics, diagnostic centers, and ambulatory surgery centers.

Companies Profiled:

The report provides profiles of the companies in the market such as Thermo Fisher Scientific, Merck & Co., Inc., Histalim, Sisco Research Laboratories Pvt. Ltd., Enzo Life Sciences, Inc., Provepharm life Solutions SA, Cosmo Pharmaceuticals, and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of chromoendoscopy agents market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.