Capsule Endoscopy Market SWOT Analysis and Key Growth Methodologies 2030 | Olympus Corporation, Intro Medic Co., Ltd

The Global Capsule Endoscopy Market size was valued at USD 687.14 million in 2019, is predicted an elevation up to USD 1,975.68 million by 2030, with a CAGR of 9.2% from 2020-2030

Capsule endoscopy is a non-invasive, medical diagnostic procedure, utilized for comprehensive examination of gastrointestinal tract, for detecting celiac disease, obscure gastrointestinal bleeding, polyps, small intestine tumors, inflammatory bowel diseases, appendicitis and other gastrointestinal diseases that weaken the digestive system. Capsule endoscopy system comprises of a work station, data recorder, sensors, and software, integrated with a wireless video capsule that is equipped with a camera, transmitter, battery, and a light source.

The video capsules are similar to pharmaceutical capsules, but are larger in size. Once the patient swallows the capsule, it passes through the gastrointestinal tract, recording several images per second, that are transmitted to portable data recording device carried by the patient, and is disposed-off naturally. These data recording devices can locate the position of capsule in gastrointestinal tract. The images processed are used for further intervention. With advancement in technologies, capsule endoscopy is reaching new heights with the development of advanced capsules that are capable of taking biopsies and releasing medication at the affected spot of the entire gastrointestinal tract

Request sample copy of this report at:-

https://www.nextmsc.com/Capsule-Endoscopy-Market/request-sample

Top Companies: Given Imaging, Olympus Corporation, IntroMedic Co., Ltd., Chongqing Jinshan Science & Technology Co., Ltd, Fujifilm Holding Corporation, CapsoVision, RF System lab

Market Dynamics and Trends:

According to the World Health Organization, there were nearly 1.8 million cases of colorectal cancer at global level, in the year 2018. Besides, cancer being the leading cause of death world-wide, it accounted for about 9.6 million deaths in the year 2018, of which 9.2% i.e. 880,792 deaths resulted due to colorectal cancer. This scenario leads to higher demand of gastrointestinal diagnostic devices, consequently leading to the escalation of capsule endoscopy market throughout the forecast period.

Furthermore, factors such as higher prevalence of gastrointestinal diseases world-wide, increasing number of geriatric populations at global level, development in medical technologies, and advancements in healthcare infrastructures, are expected to propagate the growth of global capsule endoscopy market.

Additionally, benefits offered by capsule endoscopy as compared to traditional endoscopy, like ease of diagnostic, minimally-invasive procedures, convenience & comfort to the patients, and quicker diagnostic results, are responsible for propelling the growth of global capsule endoscopy market.

However, high-cost of the capsule endoscopy systems, risk associated with the procedure, and lack of skilled professionals, are expected to hamper the growth of global capsule endoscopy market.

Moreover, growing demand for faster & accurate diagnostics tools, increase in government initiatives regarding development of new treatment technologies, and improvement of healthcare infrastructures, specifically in the emerging economies, are expected to create lucrative opportunities in the global capsule endoscopy market, in coming future.

Inquire for discount offer at:-

https://www.nextmsc.com/Capsule-Endoscopy-Market/inquire-before-buying

Market Segmentations and Scope of the Study:

The capsule endoscopy market share has been analyzed based on product, accessory, application, and geography.

Based on product, the capsule endoscopy market is segmented into small bowel diseases, esophageal, and colonic. Based on accessory, the capsule endoscopy market covers wireless capsule and workstations & recorders. Based on application, the capsule endoscopy market is classified into obscure gastrointestinal bleeding (OGIB), Crohn’s, and small intestine tumors. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America is anticipated to dominate the global capsule endoscopy market throughout the forecast period, accounting for the highest market share. This is attributed to higher prevalence of gastrointestinal disease in this region, well-established healthcare facilities, advancements in product technology, as well as presence of key market players in this region.

Asia-Pacific is expected to observe a substantial growth in the global capsule endoscopy market throughout the forecast period, growing with the highest CAGR values. This is due to higher population base, untapped opportunities offered by the emerging economies in this region, as well as growing number of mergers and acquisitions in the capsule endoscopy market, among the market players, in this region.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.