Europe Colorectal Cancer Screening Market Size

Europe Colorectal Cancer Screening Market Analysis

The Europe colorectal cancer screening market is expected to grow at a CAGR of 4.2% during the forecast period.

1. The COVID-19 pandemic affected healthcare systems in Europe. It also resulted in the interruption of usual care in many healthcare facilities. The pandemic posed several difficulties for the oncology community, particularly in diagnosing and treating cancer patients while guaranteeing both patient and professional immunity to the virus. A reduction in hospital visits, the discontinuation of the screening programs, and challenges with managing and operating cancer registries were major factors that were affected during the pandemic. 
2. However, governments across countries in Europe took initiatives to overcome the losses incurred by the pandemic. According to an article published in April 2021 in World Journal of Gastrointestinal Oncology (WJGO), to overcome COVID-19-related disruption, strategies were applied, which included utilizing stool-based cancer tests, developing screening protocols based on individual risk factors, expanding telehealth, and increasing open access colonoscopies. 
3. As per the source mentioned above, in Europe, a positive fecal immunochemical test (FIT) was recommended, followed up by a colonoscopy. Likewise, strategies and initiatives were adopted across European countries to manage colorectal cancer screening. Thus, these strategies and initiatives during and post-pandemic period in Europe impacted the market significantly. Hence, the market for colorectal screening is witnessing growth over the post-pandemic phase in Europe.
4. The advent of efficacious genetic tests, the growing prevalence of colorectal cancer, and increasing cancer prevention initiatives are the primary factors that contribute to market growth.
5. Colorectal cancer (CRC) comprises cancer of the colon and rectum. This is one of the most diagnosed forms of cancer and is responsible for severe mortality incidences. According to a press release by DiCE in June 2022, CRC is the 3rd most diagnosed cancer in men and the 2nd in women in Europe, with considerable variability among the 27 countries of the European Union. This shows that CRC creates a high burden on healthcare in Europe. Thus, the burden of CRC establishes a need for cancer screening for better diagnosis and treatment. This is expected to fuel the market growth over the forecast period.
6. Additionally to a press release by the EC in March 2022, most European countries conduct screening for colorectal cancer. However, these existing services must be improved and updated to detect more colorectal cancer. This further creates demand for the availability of advanced and innovative devices, new cancer screening strategies, and initiatives, fuelling the market growth.
7. Moreover, major players focus more on product development and innovation for CRC screening in the region. For instance, in November 2021, Fujifilm launched ColoAssist PRO, a real-time endoscope visualization system designed to assist endoscopists in performing colonoscopies. ColoAssist PRO is the latest system of Fujifilm's ELUXEO Ultra family of technologies. These innovations in technology and products are anticipated to fuel market growth over the forecast period.
8. Therefore, due to the above-mentioned factors, the studied market is expected to grow significantly during the study period. However, the high costs associated with screenings are expected to restrain the market growth.