Capsule Endoscopy Market Growing Demand For Precise And Accurate Diagnostic Tools Are Expected To Drive The Industry Growth By 2022 : Grand View Research Inc. Capsule Endoscopy Market Expected To Register Lucrative Growth By USD 886.3 Million By 2022 : Grand View Research Inc.
San Francisco, 16 May 2019: The Report Capsule Endoscopy Market Analysis By Accessory (Wireless Capsule, Workstation & Recorder), By Product (Small Bowel, Esophageal, Colon), By Application (OGIB, Crohn’s, Small Intestine Tumors) And Segment Forecasts To 2022
Global capsule endoscopy market is expected to experience lucrative growth over the forecast period due to, the rising prevalence of gastrointestinal diseases, colorectal cancer, demand for faster and accurate diagnostics tools, and the presence of supportive government initiatives. Capsule endoscopy provides painless visualization of GI (gastrointestinal) tract images, transmitted via data recorder. Additionally, the introduction of technologically advanced capsules such as longer battery life and WiFi enabled are expected to further drive the growth of the capsule endoscopy market. The global capsule endoscopy market was valued at USD 454.7 million in 2014 and is expected to grow at a CAGR of 8.7% over the forecast period.
Access Research Report of Capsule Endoscopy Market @ www.grandviewresearch.com/industry-analysis/capsule-endoscopes-market
Further key findings from the study suggest:
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)
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: www.grandviewresearch.com
Global capsule endoscopy market is expected to experience lucrative growth over the forecast period due to, the rising prevalence of gastrointestinal diseases, colorectal cancer, demand for faster and accurate diagnostics tools, and the presence of supportive government initiatives. Capsule endoscopy provides painless visualization of GI (gastrointestinal) tract images, transmitted via data recorder. Additionally, the introduction of technologically advanced capsules such as longer battery life and WiFi enabled are expected to further drive the growth of the capsule endoscopy market. The global capsule endoscopy market was valued at USD 454.7 million in 2014 and is expected to grow at a CAGR of 8.7% over the forecast period.
Access Research Report of Capsule Endoscopy Market @ www.grandviewresearch.com/industry-analysis/capsule-endoscopes-market
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.
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
- Small bowel
- Esophageal
- Colon
- OGIB
- Crohn’s disease
- Small Intestine tumor
- Others (Celiac, NSAID reactions)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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: www.grandviewresearch.com
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