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Forecasting the Future of the Colon Capsule Endoscopy Market 2023: Trends and Insights | Top Key Players are Given Imaging (Medtronic Plc), Olympus Corporation, IntroMedic, Co. Ltd. And Others
Colon Capsule Endoscopy Market
Capsule endoscopy is a non-invasive procedure that allows for a thorough inspection of the gastrointestinal system with assistance of wireless and disposable equipment known as a video capsule, which is embedded with a camera to capture high-definition images, battery, transmitter, and light source. Several images are then captured by these video capsules, essential for viewing the lining of the esophagus, stomach, and small intestine. These are further utilized to diagnose gastrointestinal illnesses. The capsule's integrated camera shoots two photographs per second, and the battery lasts for eight hours.
An average capsule endoscopy system usually consists of a workstation, data recorder, sensor, and software that functions with assistance of wireless capsules. The device is embedded with a data recorder which transmits video captured by the capsule to analyze the position and the movement of the capsule inside the stomach, offering an in-depth analysis for chronic disorders.
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Major Players Driving the Growth of the Colon Capsule Endoscopy Market:
• Given Imaging (Medtronic Plc)
• Olympus Corporation
• IntroMedic, Co. Ltd.
• Chongqing Jinshan Science & Technology (Group) Co., Ltd.
• CapsoVision
• RF System lab
• Check-Cap
• Others
SEGMENTATION
By Product
• Small Bowel
• Esophageal
• Colon
• Wireless Capsules
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By Application
• OGIB
• Crohn's Disease
• Small Intestine tumor
• Others
Colon Capsule Endoscopy Aiding Geriatric Population with Chronic Disorders
The increasing incidences of cancer, especially among the increasing geriatric population in developing countries require less or non-invasive diagnosis which is expected to drive the colon capsule endoscopy market forward. It offers a painless visualization of the gastrointestinal tract and provides high-definition images of the stomach lining for improved diagnostic accuracy.
The increasing number of gastrointestinal illnesses among elderly population such as inflammatory bowel disease, Crohn's disease, colorectal cancer, and appendicitis requires immediate medical attention for rapid diagnosis and treatment. Additionally, the rising prevalence of cancer in both older and younger persons in recent years, as well as the increased use of screening tests such as capsule endoscopy for diagnosis, are expected to drive market development.
By End-Use
• Hospitals
• Ambulatory Surgery Centers
• Others
• North America
• Europe
• Asia Pacific
• The Middle East & Africa
• South America
High Cost of Availing Colon Capsule Endoscopy in Hospitals May Hamper Market Growth:-
The high cost of colon capsule endoscopy transformers and sensors is impeding the worldwide colon capsule endoscopy market's expansion. The high power consumption and vulnerability to surface pollutants are restricting the worldwide colon capsule endoscopy market's growth. The expensive cost of therapies, endoscopy equipment, restricted reimbursement, and the possibility of capsule retention, which may necessitate endoscopic retrieval or, in rare cases, surgical excision, all impede market expansion.
By Region
• North America
• Europe
• Asia Pacific
• The Middle East & Africa
• South America
North America Likely to Dominate Market Share with Improved Healthcare Facilities :-
North America is anticipated to dominate the market share owing to rising adoption of technologically upgraded colon capsule devices and improved screening treatments. Improved healthcare infrastructure is boosting market expansion. Moreover, one of the primary drivers driving market expansion in this field is increasing awareness of early screening for diseases such as gastrointestinal disorders, cancer, and other chronic conditions.
Why Purchase the Report?
• The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
• The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
• Understand the current market scenario and viability of the global market over the forecast period.
Browse Full Report: https://www.extrapolate.com/Healthcare-Medical-Devices-Biotechnology/colon-capsule-endoscopy-market/25663
Some of the key questions answered in this report:
• What can we estimate about the anticipated growth rates and also the global Colon Capsule Endoscopy industry size by 2028?
• What will happen in the coming existing and emerging markets?
• What will the market development pace of market?
• Which are the five top players in Colon Capsule Endoscopy market?
• How will the Colon Capsule Endoscopy market change in the upcoming years?
Recent Developments:-
• October 2020- Medtronic announced the partnership with Amazon for home delivery of its capsule endoscope-PillCam Genius. It will enable in increasing its penetration at a global level and enhancing patient comfort and satisfaction.
TABLE OF CONTENTS-
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Colon Capsule Endoscopy Market
Chapter 5. Global Colon Capsule Endoscopy Overview, By Disease Type, 2017 - 2030(USD Million)
Chapter 6. Global Colon Capsule Endoscopy Overview, By Type, 2017 - 2030(USD Million)
---------Continued
Browse Complete TOC: https://www.extrapolate.com/toc/Healthcare-Medical-Devices-Biotechnology/colon-capsule-endoscopy-market/25663
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About Extrapolate
Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.
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