03-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Capsule Endoscopy Market By Product (Capsule Endoscopes and Components), By End Users (Research Centers, Hospitals, Clinics, and Other End Users), By Application (Crohn’s Disease, Small Bowel Diseases, Obscure Gastrointestinal Bleeding (OGIB), and Other Diseases), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global capsule endoscopy market in 2019 was approximately USD 370 Million. The market is likely to grow at a CAGR of over 8% and is anticipated to reach close to USD 640 Million by 2026.
Capsule endoscopes involve tiny endoscopy systems that can be operated wirelessly and can capture thousands of clear images of the body’s internal tracts. A tiny camera and wireless connectivity system are packed into a vitamin supplement-sized capsule to take thousands of shots of the body’s internal routes and outsource those images to the wireless recorder. These tiny capsule endoscopes can travel through extremely slim paths for a thorough examination, which is not possible through traditional endoscopes.
Browse the full “Capsule Endoscopy Market By Product (Capsule Endoscopes and Components), By End Users (Research Centers, Hospitals, Clinics, and Other End Users), By Application (Crohn’s Disease, Small Bowel Diseases, Obscure Gastrointestinal Bleeding (OGIB), and Other Diseases), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-capsule-endoscopy-market-by-product-capsule-endoscopes-588
Some of the key factors driving the global capsule endoscopy market are the considerable rise in the victim count suffering from gastrointestinal disorders worldwide. Moreover, the majority of the patients prefer non-invasive methods for the diagnosis of such digestion-related problems. However, limited battery life and lack of efficient locomotive system in the tiny capsules are likely to decelerate the expansion rate of the global capsule endoscopy market throughout the study timeframe.
“Capsule endoscopes” category under product segment holds the leading position in the global capsule endoscopy market
Based on the product, the global capsule endoscopy market is bifurcated into components and capsule endoscopes. Between both, the capsule endoscopes held the major share of the market in 2019, as the capsule endoscope plays a crucial role in comprehensively evaluating gastrointestinal tracts. The device can pass through those organs of the tract, which are not possible to examine using traditional endoscopy technologies. Moreover, the capsule can be ingested orally and does not require any sort of invasive procedures for diagnosis.
Small bowel diseases segment under applications accounts for the major share in the global market
By application, the global capsule endoscopy industry is segmented into Crohn’s disease, small bowel diseases, Obscure Gastrointestinal Bleeding (OGIB), and other diseases. Of all, small bowel diseases segment dominated in the global market in 2019, as small bowel diseases can be diagnosed precisely using capsule endoscopy. The novel technology involves a non-invasive procedure to examine complex pathways in the small intestine for the effective diagnosis of irritable bowel syndrome, inflammatory bowel disease, ulcers, infections, and other small bowel diseases.
Some of the key players driving the global capsule endoscopy market are IntroMedic, RF Co. Ltd., Medtronic PLC, Fujifilm Holding Corporation, Olympus Corporation, AccuRead Endoscopy Inc., and CapsoVision Inc., among others.
This report segments the global capsule endoscopy market as follows:
Global Capsule Endoscopy Market: Product Segmentation Analysis
- Capsule Endoscopes
- Esophageal Capsule
- Bowel Capsule
- Colonic Capsule
- Recorder Market
- Workstation Market
- Image Receiver
- Others Market
Global Capsule Endoscopy Market: End-User Segmentation Analysis
- Research Centers
- Other End Users
Global Capsule Endoscopy Market: Application Segmentation Analysis
- Crohn’s Disease
- Small Bowel Diseases
- Obscure Gastrointestinal Bleeding (OGIB)
- Other Diseases
Global Capsule endoscopy Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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