Commercial Insulation Market, By Type (Wraps/sheets, Coatings and Adhesives & Sealants), By Application (Institutional, Hospitals, Office Buildings, Airports and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI58019 | Publish Date: May 2024 | No. of Pages: 168

Global Commercial Insulation Market Market Trends

An increase in colorectal cancer cases

Colorectal cancer is the term for malignant growth that appears in the tissues of the colon or rectum. The market is expanding because of the increasing need for colonoscopy gadgets brought on by the increased incidence of colorectal cancer. The aging population may be a factor in the rise in instances of colorectal cancer.

As people age, their bodies and immune systems gradually deteriorate, leading to a number of deadly ailments. For instance, a paper published in May 2022 by the American Society of Clinical Oncology states that persons over 50 account for the bulk of occurrences of colorectal cancer. In the United States, men with colon cancer are typically diagnosed at age 68 years; it is 72 years for women, and it is 63 years for people of both genders who have rectal cancer.

Developments in technology

The need for advancements in the diagnosis and treatment of diseases, including Crohn's disease, Lynch syndrome, ulcerative colitis, and colon cancer, increases in tandem with the number of cases of these problems. The incorporation of technologies such as artificial intelligence, 3D imaging, and less invasive techniques in colonoscopy devices will lead to market expansion.

Modern imaging techniques are used in innovations like as capsule and virtual colonoscopy, which offer non-invasive substitutes for conventional procedures. The ability to visualize the colon more clearly and precisely thanks to current technologies is essential for spotting anomalies like polyps. Furthermore, developments in analgesics and pain management techniques have enhanced patient comfort during the procedure, leading to higher acceptability and screening protocol compliance.