The capsule endoscopy market was valued at US$ 368.65 million in 2019 and is expected to grow at a CAGR of 8.3% from 2020 to 2027 to reach US$ 697.29 million by 2027.
Capsule endoscopes are tiny wireless endoscopy systems which are used to capture images of the internal tracts in the body. The endoscope camera fits in the vitamin size capsule and enables to take thousands of images which are then transmitted to the recorder. Capsule endoscopes allows the physicians to take the images of the parts where the traditional endoscope is unable to reach. The global capsule endoscopy market is driven by factors such as increase in gastrointestinal disorders worldwide, and rising patient preference for non-invasive diagnostic methods. However, the Limitations of Capsule Endoscopy such as lack of locomotive movement and less battery life are anticipated to restrain the market growth during the forecast period. Moreover, rising demand for noninvasive screening methods worldwide is likely to deliver substantial growth opportunities to improve market share for industry players in the near future.
The recently released report by The Insight Partners titled as Global Capsule Endoscopy market is a detailed analogy that gives readers an insight into intricacies of various elements like growth rate, technological developments, and impact of socio-economic conditions that affect the market space. An in-depth study of these numerous components is essential as all these aspects need to blend-in seamlessly for businesses to achieve success in this industry.
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Top Key Players:
- RF Co., Ltd.
- JINSHAN Science & Technology
- Shangxian Minimal Invasive Inc.
- CapsoVision, Inc.
- IntroMedic Co.,Ltd.
- Olympus Corporation
Global Capsule Endoscopy Market – By Product
- Capsule Endoscopes
- Colonic Capsule
- Bowel Capsule
- Esophageal Capsule
- Workstation Market
- Image Receiver
- Recorder Market
- Others Market
Global Capsule Endoscopy Market – By Application
- Obscure Gastrointestinal Bleeding (OGIB)
- Crohn’s Disease
- Small Bowel Diseases
- Other Diseases
Global Capsule Endoscopy Market – By End User
- Research Centers
- Other End Users
Prominent regions like North America, Europe, China, Japan, Southeast Asia, and India are experiencing a steady growth in the Global Capsule Endoscopy Market. The research focuses on growth rate, market share, and evolution of the market in these regions. It extensively explores reasons contributing to the continuous rise of this industry and acts as a source of guidance to readers regarding the flexibilities required for businesses to properly function in this market space.
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The recent advances in technology and the efficiency of these services and products of the Global Capsule Endoscopy market are becoming a reasonable solution to the current needs of consumers. This report provides a systematic study of the market that aids readers in understanding factors that drive this industry and offers an overview of financial as well as the economic structure of this market.
To summarize, the report is a detailed investigation on the numerous developments, present situation, and prospects of the Global Capsule Endoscopy market that enables new or existing businesses to make informed decisions to prosper and grow.
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