Chromoendoscopy agents market is anticipated to reach US$ 146.5 Mn by 2026, expanding at a CAGR of 3.4% from 2018 to 2026. Rise in prevalence of gastrointestinal diseases, technological advancements in imaging techniques, and increase in the number of endoscopy procedures are factors projected to propel the global market.
Transparency Market Research (TMR) has published a new report titled, ‘Chromoendoscopy Agents
Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to
the report, the global chromoendoscopy agents market was valued at US$ 108.9 Mn in 2017 and is
projected to expand at a CAGR of 3.4% from 2018 to 2026. Rise in prevalence of gastrointestinal diseases,
increase in the geriatric population, and surge in awareness about advanced imaging techniques are
factors anticipated to drive the global chromoendoscopy agents market from 2018 to 2026.
The incidence and prevalence of gastrointestinal (GI) diseases across the world are increasing at a rapid
pace, affecting millions of people. According to the World Gastroenterology Organization (WGO),
prevalence of gastro esophageal reflux disease (GERD) is approximately 15% to 25% across the world.
Moreover, according to the American Institute for Cancer Research, colorectal cancer is the third most
common cancer in men and second most common cancer in women. In 2018, around 1.8 million new
cases of colorectal cancer were reported across the globe. Increase in incidence of gastrointestinal
diseases is expected to be a major factor likely to augment the global chromoendoscopy agents market.
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Chromoendoscopy, particularly in combination with magnifying endoscopy, has helped health care
professionals in the detection of neoplastic lesions in the gastrointestinal mucosa, specifically in ulcerative
colitis and Crohn’s colitis. Chromoendoscopy is helpful in the upper gastrointestinal tract, primarily in
evaluating Barrett’s oesophagus (BO) for the presence of dysplasia. It also improves visualization and
detection of suspicious lesions, and helps to define the extent of neoplastic lesions that may be responsive
to endoscopic resection. Such advantages associated with chromoendoscopy over conventional white