The global capsule endoscopy market was valued at US$921.738 million in 2018 and is expected to grow at a CAGR of 7.23% over the forecast period to reach a total market size of US$1401.079 million by 2024. A capsule endoscopy camera is like a vitamin-size capsule that is swallowed by the people. The procedure of Capsule Endoscopy is done with the use of a tiny wireless camera that takes images of the digestive tract. The capsule contains video chips, light bulb, battery, and a radio transmitter. It takes thousands of images as it travels through our digestive tract; and sends it through the transmitter. These images are used by the doctor to see areas that cannot be reached easily with the traditional endoscopy procedures. The main use of the capsule is to diagnosis gastrointestinal complications, inflammatory bowel diseases, celiac diseases, polyps screening, esophagus examination, and abnormal tissue growth where the traditional endoscopy is ineffective and helps in at-time and faster recovery. The growth of the capsule endoscopy market is substantiated by the supportive government initiatives, increasing demand for faster and accurate diagnostics, growing incidences of intestinal disorders and gastrointestinal diseases and the increasing geriatric population. However, the risks and complications of capsule endoscopy and the lack of skilled physicians remain a major challenge.
The “Capsule Endoscopy Market – Forecasts from 2019 to 2024” is an exhaustive study of this niche technology market that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by component, endoscope type, product, application, end-user, and geography.
The capsule endoscopy market has been segmented based on component, endoscope type, application, end-user, and geography. Based on component the market has been segmented into Capsule Endoscopy, Capsule Endoscopy Data Recorder, and Capsule Endoscopy Workstations. By the endoscope type, the market is classified as Cystoscopies and Neuro-Endoscopes. By product, the market is classified as Small Bowel Capsule, Esophageal Capsule, and Colon Capsule. By application, the market has been classified into Obscure Gastrointestinal Bleeding, Crohn’s Disease, Intestine Disease, and others. By the end-user, the market has been classified as Hospitals, Clinics, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the capsule endoscopy market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the capsule endoscopy market.