Capsule endoscopy is a painless technique to evaluate gastrointestinal disorders such as obscure gastrointestinal bleeding, inflammatory bowel disease, ulcerative colitis, celiac disease, polyposis syndrome, small bowel tumor, and colon cancer. Capsule endoscopy is an eight-hour-long procedure, in which the patient swallows a small pill that has three components: a camera, a transmitter, a battery. This device captures images of the gastrointestinal tract and transfer them to a recording device, which can be downloaded on screen. The physician gives results after examining the images.
Global capsule endoscopes market is growing with a significant rate due to demand for faster and accurate diagnostic tools, for managing the rising prevalence of gastrointestinal diseases, colorectal cancer, and government initiatives. Moreover, increasing aging population and introduction of technologically advanced capsules such as Wi-Fi enabled capsule and longer battery life capsule are expected to support the capsule endoscopes market to grow in the coming years. Aging increases the risk of gastrointestinal disorders, such as inflammatory bowel disease, CRC, and appendicitis.
North America leads the capsule endoscopes market, due to the presence of favorable reimbursement policies, rising prevalence rate of gastrointestinal disorders and colorectal cancer, increasing adoption of minimally invasive capsule endoscopy by patients and advanced healthcare infrastructure in the region. Asia-Pacific is expected to grow with the highest rate in the coming years, due to increasing disposable income, increasing patient awareness levels, presence of untapped opportunities regarding cancer screening and improving healthcare infrastructure.
The Capsule Endoscopes market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
In the global Capsule Endoscopes market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
The following companies are covered:
Medtronic
Olympus
IntroMedic
Chongqing Jinshan Science & Technology
CapsoVision
Fuji Medical Systems
RF
Market Segment by Product Type
Small Bowel
Esophageal
Colon
Market Segment by Application
OGIB
Crohn\'s
Small Intestine Tumors
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Capsule Endoscopes market for the forecast period 2020 - 2025?
• What are the driving forces in the Capsule Endoscopes market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Capsule Endoscopes industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?