The Global Capsule Endoscopy Market is expected to grow at a CAGR of 9.2% during forecasted period. Capsule endoscopy is the part of endoscopy in which a small capsule and pill shaped wireless camera used to examine the digestive system. It is the advanced step up of endoscopy. This method is used to identify diseases like gastrointestinal bleeding, oesophageal diseases, intestine diseases and colon related diseases. Increasing prevalence of these diseases are the major driving factor for the market. Continuous technological advancement in endoscopy and increasing healthcare spending has provided fuel for the growth of the market. But high cost for the diagnosis and limited reimbursement are the major hurdles for the growth of the market.
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Segmentation:
Global Capsule Endoscopy Market is segmented on the basis of component into wireless capsule and receiver. On the basis of the product it is segmented into rigid endoscopes, cystoscopes, neuroendoscopes and other and on the basis of the application the market is segmented into Crohn’s disease, intestine diseases, (gastrointestinal tract) GIT bleeding and other
Regional Analysis:
On regional basis, North America has the leading market for capsule endoscopy which is due to continuous increasing people suffering from GIT diseases. Europe has the second largest market which is followed by Asia Pacific. Asia Pacific is the fastest growing market for capsule endoscopy which is growing at a CAGR of 10.1% during forecasted period 2017-2023.
Key players for global capsule endoscopy market
Fujifilm Holding Corporation (Japan), Olympus Corporation (Japan), Given Imaging (Israel), RF System Lab (US), Capso Vision Inc. (US), IntroMedic Co., Ltd. (South Korea), Chongqing Jinshan Science & Technology Co. (China), Johnson and Johnson (US)
Study Objectives Global Capsule Endoscopy Market:
To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Capsule Endoscopy Market
To provide insights about factors affecting the market growth
To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by treatment, by end user and other segments.
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments globally.
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