Global capsule endoscopy market is expected to reach USD 886.3
million by 2022; according to a new study by Grand View Research, Inc.
Increasing prevalence of colorectal cancer, GI diseases and growing demand for
precise and accurate diagnostic tools are expected to drive the capsule
endoscopy market over the forecast period. According to a report published by
the World Cancer Research Institute, about 54.0% of colorectal cancer cases
occurred in developed countries and the number is expected to grow
exponentially over the decade. The introduction of technologically advanced
features such as WiFi enabled small bowel capsules featuring longer battery
life are further expected to drive the demand for capsule endoscopy devices.
Presence of favorable government initiatives are expected to play an imperative
role in determining market trends over the forecast period. For instance,
initiatives such as the DCPC’s National Comprehensive Cancer Control Program
(NCCCP) in the U.S. aimed at increasing patient awareness levels pertaining to
colorectal cancer screening is expected to boost usage rates during the
forecast period.
Full research report on capsule
endoscopy market analysis:
Further key findings from the study suggest:
·
Wireless capsules dominated the accessory
market in 2014 and are also expected to register lucrative growth over the
forecast period. Increasing usage rates of colon, small intestine and
esophageal screening is expected to drive segment growth. In addition, presence
of supportive reimbursement policies and the introduction of technologically
advanced products are expected to serve this market as future growth
opportunities.
·
Small bowel endoscopy capsule was the
leading product segment of the market in 2014. These devices find wide
applications in treating diseases such as suspected Crohn’s disease,
inflammatory bowel disease, obscure GI tract bleeding and small bowel
neoplastic lesions and this is expected to serve the segment as a high impact
rendering driver. Increasing prevalence of target diseases is also expected to
make significant contributions towards market growth.
·
Capsule endoscopy finds the largest
application in OGIB (Obscure gastrointestinal bleeding) diagnosis owing to,
increasing usage of wireless capsule endoscopes in vascular and inflammatory
lesion diagnoses
·
North America was the largest regional
capsule endoscopy market in 2014. The region’s market position is attributed to
by factors such as presence of sophisticated healthcare infrastructure,
supportive reimbursement policies and growing adoption rates of minimally
invasive surgeries.
·
Asia Pacific region is anticipated to
register rapid growth over the forecast period owing to, factors such as the
presence of high unmet needs with respect to colorectal screening, rising
disposable income and patient awareness levels and improving healthcare
infrastructure
·
Key market players of the capsule endoscopy
market include RF System lab, Olympus Corporation, Chongqing Jinshan Science
& Technology (Group) Co., Given Imaging, Ltd., Fujifilm Holding
Corporation, IntroMedic Co., Ltd and CapsoVision.
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global capsule endoscopy market on
the basis of accessory, product, application and region:
Global Capsule
Endoscopy Accessories Outlook (Revenue, USD Million, 2012 - 2022)
·
Wireless capsule
·
Workstation and receiver
Global Capsule
Endoscopy Product Outlook (Revenue, USD Million, 2012 - 2022)
·
Small bowel
·
Esophageal
·
Colon
Global Capsule
Endoscopy Application Outlook (Revenue, USD Million, 2012 - 2022)
·
OGIB
·
Crohn’s disease
·
Small Intestine tumor
·
Others (Celiac, NSAID reactions)
Capsule Endoscopy
Regional Outlook (Revenue, USD Million, 2014 - 2022)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Latin America
o Mexico
o Brazil
·
MEA
o South Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-capsule-endoscopy-market
https://www.grandviewresearch.com/press-release/global-capsule-endoscopy-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
