Global Capsule Endoscopy Market By Product (Small Bowel Capsule, Colon Capsule, Esophageal Capsule), Component (Camera Capsule, Workstation, Data Recorder), Type (Wireless Capsule Endoscopy, Receiver Capsule Endoscopy, Others), Application (Intestine Disease, Crohn’s Disease, Gastrointestinal Bleeding, Tumours, Others), End Users (Hospitals, Diagnostic Laboratories, Ambulatory Surgery Centres), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Capsule Endoscopy Market
Global capsule endoscopy treatment market is expected to grow with 11.95% CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, base year of 2018. Growing expansions in the field of technologies for diagnosing the digestive disorder is acting as an opportunity for this market growth.
Market Definition: Global Capsule Endoscopy Market
Capsule endoscopy is a technology used for the detection of digestive disorders. It is performed to detect Crohn’s disease, celiac disease, gastrointestinal tumors, bleeding among others. The components of capsule endoscopes include a camera, a transmitter and a light source. The capsule offers real-time data to expedite the diagnosis process which leads to earlier treatment and sooner retrieval in the gastrointestinal complications. The easy assessment in the internal organ and precise data boosts the market growth.
- Prevailing aging population and increasing cases of digestive disorder will drive the market growth
- Growing cases of peptic ulcer, colon cancer and crohn’s disease is another factor uplifting the market growth
- Rising screening and diagnostic technologies will also enhance the demand of this market in the forecast period
- It is a minimally invasive procedure for detecting the digestive disorder along with faster and easier detection; this is another factor driving the market growth
- High cost of the technologies is one of the factor restricting the growth of this market
- Lack of skilled professional will also impede the market growth in the forecast period
Segmentation: Global Capsule Endoscopy Market
- Small Bowel Capsule
- Colon Capsule
- Esophageal Capsule
- Camera Capsule
- Data Recorder
- Wireless Capsule Endoscopy
- Receiver Capsule Endoscopy
- Intestine Disease
- Crohn’s Disease
- Gastrointestinal Bleeding
By End Users
- Diagnostic Laboratories
- Ambulatory Surgery Centres
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East and Africa
Key Developments in the Market:
- In March 2016, Medtronic received the U.S. Food and Drug Administration (FDA) approval for, PillCam COLON 2 capsule, a compact sized edible capsule endoscope, which provides the detailed visualization of the colon for the assessment of polyps in patients. The product will offer the early diagnosis and better treatment of chronic gastrointestinal diseases and cancers
- In May 2014, Olympus launched ENDOCAPSULE 10, a minimally invasive advanced system for small bowel capsule endoscopy procedures. The product offers detailed images of the small intestine with enhanced efficiency. It also supports patient comfort with enhanced quality of care at low cost. This product launch will enhance the product portfolio of the company.
Global Capsule Endoscopy treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of capsule endoscopy treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global capsule endoscopy treatment market are Boston Scientific Corporation, CapsoVision Inc., ConMed Corporation, Cook, The Guidant Group, , INTROMEDIC, Chongqing Jinshan Science & Technology (Group) Co., Ltd, Medtronic, Olympus Corporation, RF Co.,Ltd., Fujifilm Holdings Corporation, Check-Cap, Accu-Read, INC., Interscope Inc, among others.
Research Methodology: Global Capsule Endoscopy Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global capsule endoscopy market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)