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Global Capsule Endoscopy Market it is anticipated to Reach at market value of US$ 1.4 Bn by 2027


Bizizz Market Research has recently published a research report, “Capsule Endoscopy Market Product (Colon, Esophageal, and Small Bowel), Accessories (Workstation and Receiver and Wireless Capsule), Application (Small Intestine Tumor, Crohn’s Disease, Obscure Gastrointestinal Bleeding, and Others), and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”. As per the report, Global Capsule Endoscopy Market was valued at US$ XX Bn in 2018 and it is anticipated to Reach at market value of US$ 1.4 Bn by 2027, witnessing a CAGR of 7.8% during the forecast Period. Key drivers of the market are rising prevalence of gastrointestinal diseases, colorectal cancer, demand for faster and accurate diagnostics tools, and the presence of supportive government initiatives.

Growing occurrence of small intestinal problems is predicted to force the growth of the market. For instance, in accordance to the American Cancer Society, in 2018, about 97,220 new cases of colon most cancers have been reported. Moreover, the growing older population with a higher propensity for gastrointestinal diseases desiring capsule endoscopy is in all likelihood to affect the increase of the international capsule endoscopy market positively. On the different hand, the risks and problems of tablet endoscopy are expected to impede the market boom

The Capsule Endoscopy market is anticipated to register a CAGR of over 7.8% during the forecast period.

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By Product, Small Bowel Segment held a prominent share in Global Capsule Endoscopy Market in 2018.

The pill endoscopy market is analyzed via segmenting the market into small bowel capsule, esophageal capsule, and colon capsule. As of 2014, small bowel pill held the largest market share, owing to its growing usage in more than one medical stipulation such as small bowel neoplastic lesions, inflammatory bowel disease, suspected Crohn’s ailment and dim GI tract bleeding

By Accessories, Wireless Capsule Segment held a prominent share in Global Capsule Endoscopy Market in 2018.

Wireless capsule was once the main software segment of the tablet endoscopy market in 2014. The increasing usage charge of wireless tablets in the small intestine, esophagus and colon and the presence of favorable repayment insurance policies are some high have an impact on rendering drivers of the wireless capsule endoscopy market. Technologically advanced drugs with built in elements such as 360-degree panoramic view, greater battery life, more advantageous statistics storage capability, convenient transmission and larger body price are anticipated to grant the wireless capsule market with rewarding future increase opportunities.

North America is anticipated to dominate the Global Capsule Endoscopy Market during the Forecast Period

North America was once the largest regional market in 2014. The rising incidence charge of GI issues & colorectal most cancers coupled with superior healthcare infrastructure, the presence of favorable reimbursement policies and growing adoption of minimally invasive tablet endoscopy with the aid of sufferers are some factors expected to pressure regional market boom over the forecast period. On the different hand, Asia-Pacific is predicted to develop at a beneficial price over the forecast length owing to increasing patient cognizance levels, disposable income, improving healthcare infrastructure and massive presence of untapped opportunities with respect to cancer screening.

Global Capsule Endoscopy market was highly consolidated with key players accounting for significant share in 2018. Prominent players operating in the Global Capsule Endoscopy market are: RF System lab, Given Imaging, CapsoVision, Olympus Corporation, Fujifilm Holding Corporation, Chongqing Jinshan Science & Technology (Group) Co., Ltd, and IntroMedic Co., Ltd., among others.

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